Shares of Cooper Tire & Rubber Company (NYSE: CTB) catapulted about 40% by afternoon trade after the Ohio based Company received a buyout bid of $2.5 billion from an Indian tire manufacturer Apollo Tiers. Apollo has agreed to pay $35 in cash, which implies 42.5% premium over the Tuesday’s closing stock price. Continue reading Major Movers on June 12; CTB, ULTA, GIMO, RMBS, HPQ
Tag: HPQ
Major Movers on May 23; WDAY, HPQ, LPS, HEI, DLTR
Workday Inc. (NYSE: WDAY) gained on Thursday after the software provider for financial and human resources management said late last evening that sales soared 61% in the fiscal first quarter. The Company not only topped revenue estimate but adjusted loss was also lower-than-expected. Workday also raised its full-year revenue guidance.
Continue reading Major Movers on May 23; WDAY, HPQ, LPS, HEI, DLTR
Hewlett-Packard Provides Upbeat Earnings Outlook for Q3, Beats Q2 Earnings Estimate (HPQ)
Hewlett-Packard Company (NYSE: HPQ) reported late on Wednesday that its fiscal second-quarter profit fell 32% as revenue declined across all segments; however, shares rallied in aftermarket trading as adjusted earnings topped street’s estimations, thanks to cost cutting measures. The Company also provided optimistic guidance for the current quarter.
Major Movers on March 18; VCLK, RAX, ADVS, INCY, HPQ, JCP
Shares of ValueClick Inc. (NASDAQ: VCLK) rallied on Monday after Jefferies upgraded the stock from “Hold” to “Buy “ rating and raised its price target on it to $35.00 from $23.00. The improvement in ratings come after company’s analyst day, where both CEO John Guliani and team, eloquently said that the Company was shifting towards a more integrated and customer focused model, according to Jeffries. According to Jeffries, the shift will allow ValueClick to leverage robust data and breadth of consumer touch points, which in turn help the company to gain traction in an expanding digital marketing services market.
Continue reading Major Movers on March 18; VCLK, RAX, ADVS, INCY, HPQ, JCP
Major Movers on December 10; ZGNX, CLDX, CBMX, MCD, HPQ, AAPL
Shares of Zogenix Inc. (NASDAQ: ZGNX), a pharmaceutical company which focuses on treatment related to central nervous disorder and pain, plummeted 46 percent on Monday after the Company revealed that Food and Drug Administration’s advisory committee voted against the application for approval of a pain treatment.
Continue reading Major Movers on December 10; ZGNX, CLDX, CBMX, MCD, HPQ, AAPL
Major Gainers and Losers in Early Trading on November 20; DSW, HPQ, CLNE, BBY
Shares of DSW Inc. (NYSE: DSW), a branded footwear and accessories specialty retailer, are soaring in early trading today. At last check, DSW shares were trading 9.50% higher at $68.21 on above average volume of 823,423. The stock hit a 52-week high of $69.35 today. DSW shares have gained nearly 17% in the last three trading sessions.
Continue reading Major Gainers and Losers in Early Trading on November 20; DSW, HPQ, CLNE, BBY
Hewlett-Packard Shares Slump on Outlook (HPQ)
Shares of Hewlett-Packard Company (NYSE: HPQ) slumped 12.96% on Wednesday to touch a nine-year low after Chief Executive, Meg Whitman cautioned investors that earnings could witness a sharp slide in the fiscal 2013 while sales in all units, except the software division are expected to shrink.
Continue reading Hewlett-Packard Shares Slump on Outlook (HPQ)
Advanced Micro Devices to Launch Energy-Efficient Server Platform (AMD, HPQ, DELL, IBM, INTC)
In a move to diversify away from stagnating PC market, struggling semiconductor manufacturer, Advanced Micro Devices (NYSE:AMD) announced that it will be lunching energy-efficient server platform focused on vast data and cloud computing—the first major result of its acquisition of SeaMicro.
Major Movers in Trading on August 23; HEI, IRF, HAIN, GES, KKD, HPQ
Shares of HEICO Corp. (NYSE: HEI), manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, surged in trading today after the company reported its third-quarter financial results.
Continue reading Major Movers in Trading on August 23; HEI, IRF, HAIN, GES, KKD, HPQ
Hewlett-Packard Reports a Huge Loss in Q3 (HPQ)
World’s largest computer hardware maker, Hewlett-Packard Company (NYSE: HPQ) reported fiscal third-quarter losses as its bottom-line took a hit from heavy impairment charge and restructuring expenses even as PC sales continued to slide, affecting revenues.
Continue reading Hewlett-Packard Reports a Huge Loss in Q3 (HPQ)