Friday, August 31, 2012

Splunk Inc Gapped Up 17% (SPLK, BDC, OVTI, ZNGA, CHK)

Splunk Inc (NASDAQ:SPLK) shares jumped 17.05% to $35.74 in the opening session after the company posted a second quarter net loss of $4.58 million, or $0.05 a share, as compared with a loss of $3.91 million, or $0.20 a share, in the same quarter a year earlier. The loss excluding certain items was $0.01 a share, smaller than analysts’ average estimate for a $0.03 a share loss.

Can SPLK Continue To Move Higher? Find Out Here

Belden Inc. (NYSE:BDC) announced that it declared a regular quarterly dividend of five cents per share payable on October 2, 2012 to all shareholders of record as of September 17, 2012.

Additionally, the company announced it had received, as of 5:00 p.m. ET on August 24, 2012, tenders and consents from holders of $291,916,000 aggregate principal amount, representing approximately 83.55% of the aggregate principal outstanding, of its 7.0% Senior Subordinated Notes due 2017 and $182,950,000 aggregate principal amount.

OmniVision Technologies, Inc. (NASDAQ:OVTI) stock climbed 6.54% to $16.95 after the company reported first-quarter net profit of $2.3 million, or $0.04 per share, from $42 million, or $0.68 per share, in the same quarter a year earlier. Revenue fell 7% to $258.1 million. Adjusted earnings were 21 cents per share. Analysts on average had expected adjusted earnings of $0.22 per share on revenue of $243.8 million.

Zynga Inc (NASDAQ:ZNGA) shares fell 2.45% to $2.85 in the after hour trading. after the company’s vice presidents Bill Mooney and Brian Birtwistle have departed, following other top managers amid slowing sales and a stock decline at the biggest maker of social games on Facebook Inc. (FB). Additionally, the company’s Chief Creative Officer Mike Verdu has decided to leave the social gaming firm, one of several recent departures at the company as it has faced an erosion of investor confidence. Mr. Verdu will be starting a new venture funded by Zynga.

Can ZNGA Recover After The Recent Turmoil

Chesapeake Energy Corporation (NYSE:CHK) shares were reaffirmed by Canaccord Genuity with a buy rating in a research note released yesterday and they currently have a $26.00 price target on the stock.

Additionally, the company announced the following ongoing, upcoming and completed roadwork projects in Bradford County to improve regional transportation infrastructure.

No comments:

Post a Comment

Privacy Policy | Legal Disclaimer