Vringo Inc (NYSEAMEX: VRNG) jumped up 13.97% to $4.12 on a traded volume of 156k shares. Vringo is expected to complete its merger with I/P Engine Inc on July 19, 2012. I/P Engine is wholly owned subsidiary of Innovate/Protect which has entered into a definitive merger agreement with Vringo.
ASML Holding N.V. (ADR) (NASDAQ:ASML) surged up 7.88% to $52.25. Nomura restated the rating on the stock to buy in a research note. Intel Corp agreed to invest as much as $4.1 billion in Dutch chip-equipment maker ASML Holding NV in an effort to shave two years from the time to adopt new production techniques.
magicJack VocalTec Ltd (NASDAQ:CALL) soared 11.90% to $20.94 after the Company announced second quarter guidance. The Company expects second quarter revenue to be in the range $37.5 - $38.5 million. The Company expects EPS will be between $0.48 and $0.52 per share. Other Income will be around $0.02 per share of the $0.48 - $0.52. The Company exited second quarter with 19.4 million shares outstanding. The Company has no secured debt and holds 35 million as cash and cash equivalents.
Synageva BioPharma Corp (NASDAQ:GEVA) increased 7.23% to $44.33. The Company announced the pricing of its previously announced underwritten public offering of common stock consisting of 2,428,000 shares at $41.20 per share. Synageva granted to the underwriters a 30-day option to purchase 364,200 additional shares of common stock to cover over-allotments.
James River Coal Company (NASDAQ:JRCC) decreased 13.55% to $2.48. The 52-week range of the stock $1.90 and $22.0.The Company has Price/Sales ratio of 0.08 and Price/Book ratio of 0.26. The 50-Day Moving Average and 200-Day Moving Average prices is $2.73 and $5.0 respectively.
Advanced Micro Devices, Inc. (NYSE:AMD) shares fell 10.68% to $5.02 in the after hour trading after the company cut its revenue expectations for the second quarter, as smaller-than-expected sales in China and Europe hurt the company's original-manufacturer business. The company now expects revenue to decline 11% sequentially in the quarter ended June 30. It previously expected sales to range between a decrease of 3% and an increase of 3% sequentially. The Company reported revenues of $1.59 billion in the first quarter of 2012. Analysts are expecting the company to report revenues of $1.63 billion for the second quarter of 2012.
NeoPhotonics Corp (NYSE:NPTN) said it expects second quarter revenue to be above its earlier guidance, primarily due to increased product demand for its network components. The company previously stated a revenue outlook ranging between $55.0 and $61.0 million. Analysts currently expect revenues of $58.04 million for the second quarter.
Senior Housing Properties Trust (NYSE:SNH) shares declined 2.84% to $21.89 in the after hour trading after the company announced it commenced a public offering of 8 million common shares. SNH expects to use the proceeds of this offering to repay amounts outstanding under its revolving credit facility. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 1.2 million common shares.
Costamare Inc (NYSE:CMRE) yesterday announced that it has declared a quarterly dividend of $0.27 per share for the quarter ended June 30, 2012. The Company declared a cash dividend on its common stock of $0.27 per common share, payable on August 7, 2012 to stockholders of record at the close of trading of the Company's common stock on the New York Stock Exchange on July 23, 2012.