On Monday, Shares of Groupon, Inc. (NASDAQ:GRPN), gained 1.85% to $4.41.
Groupon’s price target was lowered to $6.40 from $8.50 at Deutsche Bank, which reiterated its “buy” rating.
The firm also cut its 2016 earnings estimates to $0.07 from $0.10 per share.
Groupon lowered 2015 EBITDA guidance to $290 million from $315 million on its Order Up acquisition and doubling down in O2O (online-to-offline) business, both highly competitive areas with unproven success, Deutsche Bank noted.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
Shares of Cypress Semiconductor Corporation (NASDAQ:CY), inclined 1.08% to $10.31, during its last trading session.
Cypress Semiconductor Corporation declared that it accomplished the divestiture of its TrueTouch® mobile touchscreen business to Parade Technologies, Ltd. (Taipei Exchange: 4966.TWO), a leading supplier of video displays and interface ICs headquartered in Silicon Valley. The divestiture, which was accomplished as predictable on July 31, 2015, will enable Cypress to continue its focus on embedded automotive and industrial markets. Under the terms of the deal, Cypress will continue to provide TrueTouch capacitive touchscreen solutions to automotive, industrial and home appliance customers. The $100 million cash consideration from the deal will accelerate the capacity for shareholder returns.
In conjunction with the divestiture, Cypress declared revised non-GAAP expectations for its third-quarter financial results. The company now anticipates revenue in the range of $470 million to $490 million, operating expenses in the range of $133 million to $135 million, and earnings per share (EPS) in the range of $0.15 to $0.18.
Cypress Semiconductor Corporation provides mixed-signal programmable solutions, semiconductor memories, and integrated semiconductor solutions worldwide.
Finally, Lockheed Martin Corporation (NYSE:LMT), ended its last trade with 0.50% gain, and closed at $213.02, hitting its highest level.
Lockheed Martin Corporation and Weibel Scientific A/S entered a partnership to apply Weibel’s legacy in radar systems to ballistic missile defense (BMD) by creating the Gap-Filling Tracking Radar (GFTR).
The GFTR will be designed and implemented to provide full and overlapping coverage against a broad spectrum of threats across the European continent. Its precision tracking and discrimination capabilities will enable warfighters to defend across large geographical areas counting fully leveraging advanced capabilities being incorporated in the NATO European BMD architecture.
The partnership is part of an industrial cooperation agreement between Lockheed Martin and Weibel with the Danish Business Authority’s approval following the Royal Danish Air Force’s acquisition of nine U.S. Navy MH-60R SEAHAWK® helicopters. The work will be accomplished at Weibel Scientific Facilities in Denmark and the Aegis BMD development site in Moorestown, New Jersey.
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides administration, engineering, technical, scientific, logistics, and information services.
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