Recent News

Extreme Networks Adds 3% on Insider Buying

Extreme Networks Adds 3% on Insider Buying

Extreme Networks (EXTR) rose about 3% after regulatory filings showed insiders buying shares. President and CEO Edward Meyercord bought 20,000 shares at $8.42 each on Monday and EVP of worldwide sales services Robert Gault exercised some performance and RSU-based options. Additionally, director Edward Kennedy bought 50,000 shares over the past couple of days, including 45,183 at $8.613 each, and another […]

Cisco Systems declined

Cisco Systems declined

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 […]

ImmunoGen Reports Positive Findings

ImmunoGen Reports Positive Findings

ImmunoGen (IMGN) on Wednesday reported positive data from its FORWARD II trial evaluating mirvetuximab soravtansine in multiple combination cohorts in patients with folate receptor alpha-positive ovarian cancer. The drugmaker said results from the cohort assessing mirvetuximab in combination with Avastin in patients with platinum-resistant disease will be presented at the 2018 American Society of Clinical Oncology (ASCO) Annual Meeting, which […]

Enersys Adds 2% – Sees Q4 Above Street

Enersys Adds 2% – Sees Q4 Above Street

Enersys (ENS) rose 2% after the company said it expects Q4 net EPS of $1.27, up from $0.76 in the year-ago period and above the CapIQ mean for $1.20, GAAP. Non-GAAP EPS are seen at $1.24, down from $1.28 last year but a penny above the normalized estimate. Net sales rose 9% to $683.0 million from last year and beat […]

Owens-Illinois to Shut Down Atlanta, Georgia Plant

Owens-Illinois to Shut Down Atlanta, Georgia Plant

Owens-Illinois (OI) said Wednesday that it has finalized plans to cease production at its Atlanta, Georgia plant, with the closure expected to occur on or after July 18. The glass container manufacturer said that it plans to “facilitate the closure in a respectful manner” for the about 250 employees that will be affected by the plant closure. Current customers of […]

Ligand Pharmaceuticals Unveils Offering of $650 Mln of Convertible Senior Notes

Ligand Pharmaceuticals Unveils Offering of $650 Mln of Convertible Senior Notes

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 […]

Broadridge Financial Solutions Posts Fiscal Q3 Beat

Broadridge Financial Solutions Posts Fiscal Q3 Beat

Broadridge Financial Solutions (BR) reported Tuesday financial results for fiscal Q3, with earnings and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2018. The provider of investor communications posted adjusted earnings of $1 per share, compared with the prior-year period’s $0.69 per share. Analysts polled by Capital IQ were expecting EPS of $0.79. Revenue was $1.07 billion, […]