Month: July 2015

CACI International Inc. CACI won a multi-million contract from the U.S. Army Communications-Electronics Research, Development, and Engineering Center’s (CERDEC) Flight Activity (CFA) to provide systems engineering support. […]

Egalet Corporation EGLT announced top-line results from a category 3 human abuse liability (HAL) study on one of its lead pipeline candidates, Egalet-002. Egalet-002, which is an abuse-deterrent, extended-release, oral oxycodone, is being evaluated for the management of pain severe enough to require daily, round-the-clock opioid treatment and for which alternative treatments are inadequate. […]

Shares of Campbell Soup Company CPB attained a new 52-week high of $49.16 yesterday and eventually closed trade at $47.65. The momentum seen yesterday was mainly driven by its acquisition of leading refrigerated salsa maker, Garden Fresh Gourmet. The acquisition is in line with the company’s initiative to expand its packaged fresh and organic foods categories […]

Despite some frantic overtures to international creditors to avert missing a debt payment of €1.5 billion or about $1.7 billion to the International Monetary Fund (IMF), Greece became the first developed economy in the world to default on a loan early Wednesday. The events followed a flurry of diplomatic talks to bring back creditors to the negotiation table, which proved to be inconclusive. […]

Continuing to offload its financial assets at a whirlwind pace, General Electric Company GE announced the sale of its European private-equity business to Japan's Sumitomo Mitsui Banking Corp. for $2.2 billion. Subject to customary closing conditions, the deal is expected to close in the third quarter. […]

Paychex Inc. PAYX reported decent fourth-quarter fiscal 2015 results wherein the bottom line came in line with the Zacks Consensus Estimate, while the top line surpassed. […]

Constellation Brands Inc. STZ started fiscal 2016 on a spectacular note, as the company’s first-quarter top- and bottom-line results exceeded expectations and improved year over year, thereby encouraging management to raise its outlook for the fiscal year. Results were mainly backed by strength in the company’s beer business, improving trends at its wine business, solid sales and depletion volumes at its spirits business […]

The Celgene Corporation CELG – Juno Therapeutics’ JUNO immunotherapy deal worth at least a billion dollars was the main story in the biotech sector this week. While concerns are being raised about the high price tag, the deal just goes to show the growing interest in the field of immunotherapy. Meanwhile, quite a few companies provided updates on the regulatory front. […]

We issued an updated research report on Amerisafe, Inc. AMSF on Jun 30, 2015. Amerisafe is a renowned name in its industry in terms of profitable underwriting, as reflected by a solid operating and financial performance in the last couple of years […]

Shares of Avon Products Inc. AVP reached a new 52-week low of $6.23 yesterday, before closing trade a notch higher at $6.26, plunging roughly 31.7% year-to-date. The company’s momentum has gradually softened due to continuous loss of active representatives, declining volume, unfavorable foreign currency translations and reduced margins in mature markets like North America […]