Energy stocks were sharply higher Monday with the NYSE Energy Sector Index rising about 1.9% while shares of energy companies in the S&P 500 were ahead nearly 2.3% as a group. Crude oil for April delivery was up 59 cents at $102.79 per barrel while March natural gas shed 11 cents today to $4.90 per 1 million BTU. In company news, Magnum Hunter Resources Corp … Continue reading Energy Stocks Pacing Market Gains
GT Advanced Technologies (NASDAQ:GTAT) was higher more than 8% in early trading Monday, having earlier hit $13.47 – its highest level since July 2011 – after reporting a Q4 loss that was smaller than analysts had expected, while its FY guidance straddled estimates. The maker of materials for the consumer electronics, power electronics, solar and LED industries said its Q1 non-GAAP loss widened to $0.26 … Continue reading GT Advanced Technologies (NASDAQ:GTAT) Soars After Smaller Than Expected Losses
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 of $39.9 million, or $0.55 per share, compared with a … Continue reading Palo Alto (NYSE:PANW) Hits All-Time High; Synta (NASDAQ:SNTA) Shares Jump
Shares in Oculus Innovative Sciences, Inc. (NASDQ:OCLS) fell more than 9% pre-market Monday after the company said it will sell 450,620 units to two institutional investors for $3.00 each. The units will be made up of common stock, and Series A and Series B warrants. The company will raise about $1.35 million gross from the sale for general corporate purposes. The Series A warrants carry the … Continue reading Oculus Innovative Sciences (NASDQ:OCLS) Drops 9% Pre-Bell; Celsion (NASDAQ:CLSN) up 6%
Endeavour Silver Corp. (NYSE:EXK) is up 1.5% in pre-market trade on Monday as it provided updated NI 43-101 silver and gold reserve and resource estimates for its three producing silver mines in Mexico (the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State) as well as one exploration project (San Sebastian Project in Jalisco State) as of December 31, … Continue reading Pre-Market Movers – EXK, LLY, DDS, TGE, CPS
QLogic (NASDAQ:QLGC) announced on Tuesday it was acquiring Broadcom’s 10/40/100GbE controller assets for $147M in an allcash deal. In addition, QLogic paid $62M in a one-time fee to purchase Broadcom’s Fibre Channel licenses, simply as an “insurance policy” to protect the strong cash flows of their FC business. Near-term, this acquisition should augment their market position in the FCoE market, though it could create some … Continue reading QLogic Corporation Announces Key Acquisition
