Palo Alto (NYSE:PANW) Hits All-Time High; Synta (NASDAQ:SNTA) Shares Jump
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
Notable Analyst Actions: Marriott, Halliburton, Liftetime Brands, Dicerna Pharma
Some of the notable analyst actions for Monday morning include: Halliburton Company (NYSE:HAL) has been downgraded by Wells Fargo to a Market Perform rating from Outperform. The firm left its price target on the stock unchanged at $57 a share. HAL shares are just higher in pre-market activity at $55.75, and move within a 52-week range of $36.77 – $56.52. Analysts at Raymond James have … Continue reading Notable Analyst Actions: Marriott, Halliburton, Liftetime Brands, Dicerna Pharma
Oculus Innovative Sciences (NASDQ:OCLS) Drops 9% Pre-Bell; Celsion (NASDAQ:CLSN) up 6%
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%
Pre-Market Movers – EXK, LLY, DDS, TGE, CPS
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
Microsoft (NASDAQ MSFT) Stock News: Microsoft to Launch Windows 10 in June?
Microsoft (NASDAQ MSFT) has been on a roll, off late. The stock has been consistently performing well for the last few months. There seems to be a positive vibe about Microsoft. And the stock remains in the news for all the good reasons, too. Apart from its recent acquisitions, Microsoft is also looking for a major release in the form of Windows 10, at some … Continue reading Microsoft (NASDAQ MSFT) Stock News: Microsoft to Launch Windows 10 in June?
QLogic Corporation Announces Key Acquisition
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