Author: Adam Keintzel

Adam Keintzel covers IT Systems & Networking. Prior to joining Tech Insider, he worked for technology firms in the Silicon Valley in engineering and business development roles. In both 2008 and 2009, he was included in The Wall Street Journal’s “Best on the Street” analyst rankings – Computers and Office Equipment. In 2009, he was designated as an Institutional Investor “Best Up and Comer” – IT Hardware.
Analysis, Earnings

Stocks on the Move: Cardica (NASDAQ:CRDC), Salix Pharmaceutical (NASDAQ:SLXP), Chico’s FAS (NYSE:CHS), Dynegy (NYSE:DYN)

Shares of Cardica (NASDAQ:CRDC) climbed in Thursday’s pre-market session, after the developer of endoscopic microcutter products said it received 510(k) clearance from the U.S. Food and Drug Administration for its MicroCutter XCHANGE 30 white cartridge and for an additional plastic material contained within the MicroCutter XCHANGE 30 blue cartridge for use in medium-thickness tissue. The 510(k) clearance for the MicroCutter XCHANGE 30 white cartridge is … Continue reading Stocks on the Move: Cardica (NASDAQ:CRDC), Salix Pharmaceutical (NASDAQ:SLXP), Chico’s FAS (NYSE:CHS), Dynegy (NYSE:DYN)

Adam Keintzel
Analysis, Earnings

American Tower Prepares For Viom Networks Bid

Real estate investment trust American Tower (NYSE:AMT) is preparing a bid for an Indian telecommunications tower company, Viom Networks, that could amount to $1.6 billion to $1.9 billion, according to the Economic Times, an Indian newspaper. Citing unnamed sources, the Times said the bid may come by March 7, and that American Tower is likely to value Viom based on its operating profit and not … Continue reading American Tower Prepares For Viom Networks Bid

Adam Keintzel
BioTech, business, Finance

Momentum Stocks for February 26th: CPS, JAKK, ARCC

Cooper-Standard Holdings (NASDAQ:CPS), the parent company of automotive systems and components supplier Cooper Standard Automotive, is considering buying TI Automotive, Reuters reported citing unnamed people with knowledge of the matter. Cooper-Standard is evaluating a takeover bid for TI Automotive, which is estimated to have an enterprise value of more than $2 billion, Reuters said. The two companies both have annual sales of about $3 billion. … Continue reading Momentum Stocks for February 26th: CPS, JAKK, ARCC

Adam Keintzel
Analysis, Earnings

Workday Inc (NYSE:WDAY) Earnings Reaction History

Workday, Inc. (NYSE:WDAY) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in WDAY indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price … Continue reading Workday Inc (NYSE:WDAY) Earnings Reaction History

Adam Keintzel
BioTech, Earnings, Software

Morning Watchlist: Apollo Investment, XOMA, Taminco, Hyperion Pharma

Shares in Apollo Investment Corporation (NASDAQ:AINV) dropped more than 5% pre-market after the company said it has priced a public offering of 12.0 million shares. Underwriters have the option to buy an additional 1.8 million shares. The company didn’t give the price of the offer. XOMA Corp (NASDAQ:XOMA) is moving nearly 5% higher after the drug maker announced that gevokizumab, the company’s IL-1 beta modulating … Continue reading Morning Watchlist: Apollo Investment, XOMA, Taminco, Hyperion Pharma

Adam Keintzel
Analyst Actions, news

Afternoon Movers – Paragon Shipping (NASDQ:PRGN), U.S. Steel (NYSE:X), Monster Worldwide (NYSE:MWW), Hibbett Sports (NASDAQ:HIBB), Visteon (NYSE:VC)

Paragon Shipping (NASDAQ:PRGN) firms after Jefferies & Co. initiates coverage with a buy rating a $12 price target. Jefferies said the outlook for dry bulk shipping is attractive, and Paragon has an attractive valuation. In afternoon trading, PRGN was up 3.05% to $6.67, at a 36% discount to Jefferies’ estimated net asset value (NAV). Shares in US Steel (NYSE:X) fell on Monday by 2.3% after … Continue reading Afternoon Movers – Paragon Shipping (NASDQ:PRGN), U.S. Steel (NYSE:X), Monster Worldwide (NYSE:MWW), Hibbett Sports (NASDAQ:HIBB), Visteon (NYSE:VC)

Adam Keintzel