CNET también está disponible en español.

Ir a español

Don't show this again

STOCKS TO WATCH: Frontier, iVillage, Juniper and Tech Data

Expect the following technology stocks to be among Thursday's most actively traded issues: Frontier, iVillage, Juniper and Tech Data.

  • Froniter Corp. (NYSE: FRO)

    You can count on Frontier being among the most heavily traded issues Thursday following a report by CNBC late Wednesday which suggested that Global Crossing Ltd. (Nasdaq: GBLX) will exchange two shares for each share of Frontier.

    Global Crossing shares closed off 1 7/8 to 24 Wednesday. Frontier picked up 1/8 to 42 1/4.

    Frontier is the fifth-largest long-distance carrier in the U.S.

    According to the CNBC report, Frontier has agreed to drop a clause that would have allowed the carrier to walk away from the deal.

    Originally, Global Crossing was willing to pay $63 a share for Frontier as long as its stock price stayed within a certain range.

  • iVillage Inc. (Nasdaq: IVIL)

    iVillage said Wednesday it acquired FamilyPoint.com, an online meeting center tailored for individual families and friend groups, for $26 million in stock and cash.

    The deal for the privately held, New York City-based FamilyPoint.com closed Tuesday, said company spokesman Jason Stell.

    About 85 percent of the purchase price was paid using stock and the balance was in cash, Stell said. The price could rise by $5 million provided FamilyPoint.com meets August performance criteria. Those results will be calculated in a few weeks, Stell said.

    The Web site, which uses customized calendars, photo galleries, message boards, chats, address books and reminders, to allow the groups members to stay in touch and meet.

    iVillage said it believes FamilyPoint.com would bring 700,000 members and about 345,000 average monthly unique visitors to iVillage.

    Its shares closed off 3/8 to 35 15/16 ahead of the announcement.

    Juniper Networks (Nasdaq: JNPR)

    Juniper Networks Inc., one of the most successful initial stock offerings of the year, filed for an unusually quick follow-on offering of 1.5 million shares. The offering could bring the company $300 million and more than double the number of shares in public hands.

    Shares of Juniper, which makes superfast routers for moving computer traffic across the Internet, have skyrocketed since the company's initial offering in late June.

  • Tech Data Corp. (Nasdaq: TECD)

    The computer-equipment distributor met analysts' estimates in its second quarter Wednesday, earning $29.4 million, or 54 cents a share, on sales of $4 billion.

    Its shares fell 1 to 36 1/16 ahead of the earnings report.

    First Call consensus pegged it for a profit of 54 cents a share.

    The $4 billion in sales was an 82 percent jump from the year-ago quarter when it raked in $27.7 million, or 55 cents a share, on sales of $2.2 billion.

    Tech Data shares rallied last week after Banc America Securities upgraded the stock from a "buy" to a "strong buy" recommendation.

    Its shares hit a 52-week high of 53 1/8 last September before falling to a low of 14 1/2 in March.

    Fifteen of the 18 analysts following the stock maintain either a "buy" or "strong buy" recommendation.

  • Close
    Drag
    Autoplay: ON Autoplay: OFF