SM Energy Co. (NYSE:SM) delivered 3Q earnings results that fell short of the estimates. The company posted net income of $208.9 million, equivalent to earnings of $3.05 per share. The adjusted earnings for the quarter were $1.44 per share, which fell short of the consensus estimate of $1.50. The oil and gas company generated revenue of $618.8 million, which also trailed the estimate of $633.7 million.
SM Energy Co. (NYSE:SM) was recently downgraded to “Hold” from “Buy” at TheStreet.
SM Energy Co. (NYSE:SM) plans to pay semiannual dividend of $0.05 per share on November 5. The dividend will capture shareholders of record as of October 24.
Facebook Inc (NASDAQ:FB) plans to spend more in the coming year in investments than it did in the previous one. The announcement about enhanced spending in 2015 irked investors but analysts love the move. They say that the company is investing in the future, especially long-term growth and profitability.
As such, the bullish analysts think that the dip in the stock of Facebook Inc (NASDAQ:FB) presents a buying opportunity.
Facebook Inc (NASDAQ:FB) intends to increase spending next year by 55-75%. The increase in spending is expected to impact short-term profitability.
Facebook is seeking to strength its market dominance and the company has been trying various ways to make that happen. In addition to strategic partnerships, the company is also making strategic acquisitions. It recently closed the acquisition of WhatsApp, a deal which cost it nearly $22 billion thanks to delays in closing the deal.
Aerohive Networks Inc (NYSE:HIVE) has joined forces with Apple Inc. (NASDAQ:AAPL) to support the so-called ConnectED. The initiative aims to connect schools across the country and several organizations and companies, which include Apple, have come to its support.
While Apple will donate $100 million worth of MacBooks and iPad devices, Aerohive Networks Inc (NYSE:HIVE) will offer wireless connection of the devices. It will connect each school that receives the Apple donation.