Shares of Palo Alto Networks (NYSE:PANW) hit a new all-time high Monday, after the cyber security company reported adjusted fiscal Q2 results above analysts’ expectations, boosted by strong demand as companies increased their investments in security against cyber attacks. For the quarter ended Jan. 31, the company reported a net loss attributable to common stockholders…
Forward Air fourth-quarter EPS declined 7%, to $0.50, which fell well short of our $0.55 estimate and the $0.56 consensus. The miss was mainly due to increased costs associated with difficult weather while revenue growth remained healthy (up 16%, to $181 million) and volume growth was strong (airport-to-airport volume up 6%). We believe the weather…
Last night, LivePerson Inc., (LPSN) reported stronger than expected 3Q earnings, beating our and the Street’s estimates for bookings, total revenue and non-GAAP EPS. For the next quarter and 2013, management is guiding largely in line with the consensus, though it is tightening the full year ranges for revenue and EPS. Though the company reported…
The R.R. Donnelley pending acquisition of Consolidated Graphics (CGX) recently received regulatory approval and is expected to close in 1Q14. The transaction is still subject to approval of CGX shareholders, who will receive $34.44 in cash and 1.651 shares of RR Donnelley per CGX share plus Donnelley’s assumption of Consolidated Graphics debt of about $98…
Kuwait’s sovereign investment fund and a pair of investment management firms sued Merck & Co. Inc. (NYSE:MRK) in New Jersey federal court Friday, accusing the company of misleading investors over now-withdrawn arthritis treatment Vioxx, after the plaintiffs previously dropped out of a related multidistrict litigation. Merck & Co. Inc. (NYSE:MRK) belongs to Healthcare sector. Its…
On Jan 22 California Resources Corporation (NYSE: CRC) said it will host its fourth quarter and full year financial results conference call on Thursday, February 19th, at 5:00 pm Eastern Standard Time. California Resources Corporation (NYSE:CRC) belongs to Basic Materials sector. Its weekly performance is 2.77%. On last trading day company shares ended up $4.45….
