Salesforce.com (CRM) received an increase to its price target from RBC Capital Markets after the customer-relations-management software company reported fiscal Q1 results above analysts’ expectations late Tuesday and increased its fiscal-year guidance even as its outlook for Q2 adjusted earnings per share missed the Street view. The new price target from RBC is $146 per share, up from $130. The […]
Antares Pharma (ATRS) said pre-market Wednesday it has obtained $4.75 million from Ferring Pharmaceuticals in relation to the previously disclosed sale of Antares’ worldwide rights, including certain fixed assets for the ZOMAJET needle-free auto injector device to Ferring. The purchase price of up to $14.5 million was to be paid to Antares in four installments of which the first three […]
GasLog LP (GLOG), an operator of liquid natural gas carriers, said Wednesday it has signed a seven-year time charter contract with Centrica plc for a newbuild LNG carrier. The 180,000 cubic meter LNG carrier (HN 2262) with low pressure two stroke propulsion has been ordered from Samsung Heavy Industries in South Korea, with expected delivery in Q3 2020. GasLog and […]
Cisco Systems (CSCO) declined in Wednesday’s after-hours after meeting Q3 revenue expectations, beating by a penny on EPS, and setting its Q4 earnings view in a range straddling the Street consensus. CSCO slumped to an early after-hours low of 43.04 before settling in a negative range of 43.72 to 43.14 through the bulk of night trade. A pre-market open Thursday […]
Ligand Pharmaceuticals (LGND), a biopharmaceutical company, said late Wednesday that it intends to offer, subject to market conditions and other factors, $650 million aggregate principal amount of convertible senior notes due 2023 in a private offering. In connection with the offering of the notes, Ligand expects to grant the initial purchasers a 13-day option to purchase up to an additional […]
Vishay Precision Group (VPG), a producer of precision sensors and systems, reported fiscal Q1 adjusted earnings of $0.37 per diluted share, up from $0.19 in the same period a year ago. That exceeded the estimate of $0.33 from analysts polled by Capital IQ. Total revenue for the quarter ended March 31 of $73.1 million was up from $59.8 million in […]
Crocs (CROX) reported pre-market Tuesday fiscal Q1 EPS of $0.15 on revenue of $283.1 million, an improvement on EPS of $0.08 and revenue of $267.9 million a year ago and higher than the Street estimate of $0.14 per share on sales of $272.2 million. The company, known for its casual footwear, expects a revenue range of $315 million to $325 […]
