Stocks

Equities Jump as S&P 500, Nasdaq Hit Record Highs After Powell’s Upbeat Economic View

Equities Jump as S&P 500, Nasdaq Hit Record Highs After Powell’s Upbeat Economic View

Equities pushed higher on Friday with the Standard & Poor’s 500 and the Nasdaq Composite hitting new record highs after Federal Reserve Chairman Jerome Powell reiterated the outlook for “gradual” rate hikes and offered an upbeat view of the world’s biggest economy. The monetary policy boss said in the annual economic symposium in Jackson Hole, Wyoming that the US economy […]

Juniper Networks Downgraded to Market Perform

Juniper Networks Downgraded to Market Perform

Juniper Networks (JNPR) received an investment-rating downgrade and price-target cut from BMO Capital Markets despite the network-technologies company’s late-Thursday report of better-than-expected Q2 results, as its guidance for Q3 came in below Street views. BMO now has an investment rating of market perform on Juniper’s shares, down from outperform. Its new price target from BMO is $27 per share, down […]

Amazon’s Potential Move Into Data Center Switches Has Negative Consequences for Nokia

Amazon’s Potential Move Into Data Center Switches Has Negative Consequences for Nokia

JPMorgan said that Amazon’s (AMZN) AWS unit may move into data center switches which has negative consequences for Nokia’s foray into the enterprise market. According to The Information, AWS is considering selling its own networking switches to enterprise customers within the next 18 months. AWS is working with white-box manufacturers such as Celestica, Edgecore Networks and Delta Networks. AWS’ white’box […]

Salesforce.com Price Target From RBC Boosted to $146 From $130

Salesforce.com Price Target From RBC Boosted to $146 From $130

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 […]

Kindred Biosciences Reports “Significantly Higher” Resolution Rates

Kindred Biosciences Reports “Significantly Higher” Resolution Rates

Kindred Biosciences (KIN) reported early Wednesday positive results from its pilot field effectiveness study of KIND-014 for the treatment of gastric ulcers in horses, with statistically significantly higher gastric ulcer resolution rates in all KIND-014 groups versus the placebo group. This study was a randomized, single-blind, placebo-controlled, dose-ranging study that enrolled 53 horses (40 horses in three KIND-014 groups with […]

Lilis Energy Sees Record Initial Production From Wolfcamp Well

Lilis Energy Sees Record Initial Production From Wolfcamp Well

Lilis Energy (LLEX), an exploration and development company, is up more than 5% in pre-market trading as the company said one of its wells reached record initial production. The company said its Hippo #2H is the highest recorded initial production, or IP, per 1,000 ft. the company has drilled to date in the Wolfcamp formation in the Permian basin and […]

Aclaris Therapeutics Gets US Patent for Treating Seborrheic Keratosis

Aclaris Therapeutics Gets US Patent for Treating Seborrheic Keratosis

Aclaris Therapeutics (ACRS), a developer of therapies for aesthetic and medical dermatology and immunology, said early Wednesday that it was granted a US patent for covering methods of treating seborrheic keratosis, using a stabilized hydrogen peroxide composition. The Orange Book-listed patent no. 9,980,983, issued by the US Patent and Trademark Office, will last until April 2035, subject to any term […]