Pandora Media Inc (NYSE:P) stock surged 19.30% to $12.02 after the company posted second quarter net loss of $5.4 million or $0.03 per share, as compared to a net loss of $3.2 million or $0.04 per share for the year-ago quarter. Adjusted net income for the second quarter was $622,000 or breakeven per share. Total revenue rose 51% to $101.29 million from $66.97 million in the same quarter last year. Analysts expected the company to report a loss of $0.03 per share on revenue estimate of $100.94 million for the second quarter.
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Angie's List Inc (NASDAQ:ANGI) shares declined 6.62% to $9.54 in the morning hour after the shares of ANGI was downgraded by Canaccord Genuity from a “buy” rating to a “hold” rating in a research note issued today. They currently have a $12.50 price target on the stock, down from their previous price target of $20.00.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) stock fell 8.11% to $1.70 after Yingli Green Energy shares was downgraded by equities researchers at ThinkEquity from a “hold” rating to a “sell” rating in a report issued today and they currently have a $1.00 target price on the stock, down from their previous target price of $3.00.
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Brightcove Inc (NASDAQ:BCOV) stock gained 1.98% to $12.68 after Brightcove shares was upgraded by research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released today and the firm currently has a $26.00 target price on the stock.
Additionally, the company announced its Chairman and chief executive officer, Jeremy Allaire, and its chief financial officer, Chris Menard, will present at Deutsche Bank's 2012 dbAccess Technology Conference. The Brightcove presentation is scheduled for Wednesday, September 12, 2012, at 8:50 a.m. Pacific Time (11:50 a.m. Eastern Time).
KLA-Tencor Corporation (NASDAQ:KLAC) shares dropped 2.16% to $51.10 after Susquehanna lowered shares of KLA-Tencor from a positive rating to a neutral rating in a research report released today. Susquehanna currently has $52.00 price target on the stock, down from their previous price target of $62.00.