U.S stocks ended higher for the third straight session
on Tuesday with the NASDAQ Composite(INDEXNASDAQ:.IXIC) closed well above 3K
mark for the first time in the past three months, while the S&P 500 closed
above $1, 400 mark on growing optimism the European Central Bank would act soon
to contain the euro zone's debt crisis.
Micron Technology, Inc. (NASDAQ:MU) stock gained 3.81%
to $6.82 after the company announced that Glen Hawk, vice president of their
NAND Solutions Group, will lead a webcast update tomorrow on Micron's solid
state drive (SSD) business. Mr. Hawk will discuss Micron's position and view of
the market as well as the company's strategies. The GMs of Micron's client and
enterprise SSD divisions will also present updates specific to those markets.
Audio and slides from the session will webcast live from Micron's Investor
Relations website at investors.micron.com.
Get Complete Analysis on MU
Clearwire Corporation (NASDAQ:CLWR) shares climbed 5.63%
to $1.50 after surging 10% in Monday’s session.. The 52 week trading range for
the company is $0.83 - $3.50. The shares of the company have declined over 18%
in the last one year. The company, on July 26, 2012, reported a second quarter
loss of $145.8 million, or $0.33 a share, from a year-earlier loss of $168.7
million, or $1.01 a share. Revenue
decreased 1.8% to $316.9 million. Analysts most recently projected a loss of
$0.31 a share on revenue of $321 million.
Get Free Trend Analysis on CLWR
Concur Technologies, Inc. (NASDAQ:CNQR) shares
increased 3.28% to $67.66 after Investment analysts at Nomura assumed coverage
on shares of Concur Technologies and set a “buy” rating on the stock. The
company last posted its quarterly earnings results on August 1. The company
reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21.
The company’s revenue for the quarter was up 26.5% on a year-over-year basis.
Get Free Trend Analysis on CNQR
Flextronics International Ltd. (NASDAQ:FLEX) stock
climbed 6.31% to $6.74 after the shares of
Flextronics was upgraded by research analysts at Goldman Sachs from a
“sell” rating to a “buy” rating in a report released today. The company last
released its earnings data on July 25. The company reported $0.23 EPS for the
quarter, beating the analyst’s estimate of $0.22 by $0.01. The company’s
quarterly revenue was down 20.2% on a year-over-year basis.
Delcath Systems, Inc. (NASDAQ:DCTH) stock fell 2.87%
to $1.69 after the company announced financial results and highlights for its
second quarter 2012 ended June 30, 2012 and recent corporate accomplishments.
The company posted second quarter operating loss of
$15.4 million, as compared to operating loss of $10.5 million in the year ago
period. At June 30, 2012, cash, cash equivalents and certificates of deposit
were $29.3 million, as compared to $30.8 million at December 31, 2011. Gross
cash spend in the second quarter 2012 was $14.2 million, as compared to $8.2
million in the same period in the prior year.
No comments:
Post a Comment