Shares of Cooper Tire & Rubber Company (NYSE: CTB) catapulted about 40% by afternoon trade after the Ohio based Company received a buyout bid of $2.5 billion from an Indian tire manufacturer Apollo Tiers. Apollo has agreed to pay $35 in cash, which implies 42.5% premium over the Tuesday’s closing stock price. [...]
Workday Inc. (NYSE: WDAY) gained on Thursday after the software provider for financial and human resources management said late last evening that sales soared 61% in the fiscal first quarter. The Company not only topped revenue estimate but adjusted loss was also lower-than-expected. Workday also raised its full-year revenue guidance. [...]
Hewlett-Packard Company (NYSE: HPQ) reported late on Wednesday that its fiscal second-quarter profit fell 32% as revenue declined across all segments; however, shares rallied in aftermarket trading as adjusted earnings topped street’s estimations, thanks to cost cutting measures. The Company also provided optimistic guidance for the current quarter. [...]
Shares of ValueClick Inc. (NASDAQ: VCLK) rallied on Monday after Jefferies upgraded the stock from “Hold” to “Buy “ rating and raised its price target on it to $35.00 from $23.00. The improvement in ratings come after company’s analyst day, where both CEO John Guliani and team, eloquently said that the Company was shifting towards [...]
Shares of Zogenix Inc. (NASDAQ: ZGNX), a pharmaceutical company which focuses on treatment related to central nervous disorder and pain, plummeted 46 percent on Monday after the Company revealed that Food and Drug Administration’s advisory committee voted against the application for approval of a pain treatment. [...]
Shares of DSW Inc. (NYSE: DSW), a branded footwear and accessories specialty retailer, are soaring in early trading today. At last check, DSW shares were trading 9.50% higher at $68.21 on above average volume of 823,423. The stock hit a 52-week high of $69.35 today. DSW shares have gained nearly 17% in the last three [...]
Shares of Hewlett-Packard Company (NYSE: HPQ) slumped 12.96% on Wednesday to touch a nine-year low after Chief Executive, Meg Whitman cautioned investors that earnings could witness a sharp slide in the fiscal 2013 while sales in all units, except the software division are expected to shrink. [...]
In a move to diversify away from stagnating PC market, struggling semiconductor manufacturer, Advanced Micro Devices (NYSE:AMD) announced that it will be lunching energy-efficient server platform focused on vast data and cloud computing—the first major result of its acquisition of SeaMicro. [...]
Shares of HEICO Corp. (NYSE: HEI), manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, surged in trading today after the company reported its third-quarter financial results. [...]
World’s largest computer hardware maker, Hewlett-Packard Company (NYSE: HPQ) reported fiscal third-quarter losses as its bottom-line took a hit from heavy impairment charge and restructuring expenses even as PC sales continued to slide, affecting revenues. [...] |
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