Stock Analysts

TELUS Invests $110M for Fibre Optic Network in Richmond

TELUS Corporation TU recently announced that it is investing $110 million to connect more than 90% of homes and businesses in Richmond and Steveston, directly to its fibre optic network. The construction work is currently progressing well, with the company expecting to connect most of the homes and businesses throughout the region by spring of 2019. […]

Mergers & Acquisitions

Sandvik Acquires Inrock, a Leading Rock Drilling Tools Supplier

Sandvik Acquires Inrock, a Leading Rock Drilling Tools Supplier PR Newswire STOCKHOLM, July 2, 2018 STOCKHOLM , July 2, 2018 /PRNewswire/ — Sandvik acquires privately-owned Inrock, a leading supplier of rock drilling tools and services for Horizontal Directional Drilling (HDD) in North America . Headquartered in Houston , USA , Inrock is a market leader in pilot hole bits, reamers, guidance systems, accessories and services for the premium maxi rig segment within HDD. “In line with our strategy, this demonstrates how we gear up for growth organically and through acquisitions in areas where we are stable and profitable, aiming for world-leading market positions. […]

Technicals

Moving Average Crossover Alert: FuelCell Energy (FCEL)

FuelCell Energy, Inc. FCEL could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for FCEL broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness. […]

Technicals

New Strong Sell Stocks for July 2nd

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Axalta Coating Systems Ltd. AXTA is a manufacturer of high-performance coatings. The Zacks Consensus Estimate for its current year earnings has been revised 0.8% downward over the last 30 days […]

Mergers & Acquisitions

Logistyx Technologies Acquires Transparix to Support and Enhance Its Industry-Leading Parcel Shipping SaaS Solution

Logistyx Technologies Acquires Transparix to Support and Enhance Its Industry-Leading Parcel Shipping SaaS Solution Acquisition of European SaaS transportation software company continues growth of world’s most extensive multi-carrier parcel shipping software PR Newswire ROLLING MEADOWS, Ill., July 2, 2018 ROLLING MEADOWS, Ill. , July 2, 2018 /PRNewswire/ — Logistyx Technologies ( www.logistyx.com ), a leader in parcel Transportation Management Execution™ (TME) systems, today announced the acquisition of Transparix, a TME software-as-a-service (SaaS) company headquartered in the Netherlands . The acquisition further expands Logistyx’s strategy to continue the expansion of its global SaaS and on-premise parcel transportation management software platform. […]

Stock Analysts

Jazz Sells Pain Drug Prialt’s Rights to TerSera Therapeutics

Jazz Pharmaceuticals Plc JAZZ announced that it has entered into a definitive agreement to sell its non-opioid pain drug Prialt to small drugmaker TerSera Therapeutics for $80 million in cash upon closing. The deal is expected to be completed during the third quarter of 2018, subject to customary closing conditions. […]

Stock Analysts

Can Cirrus Logic Turn Around on Apple AirPod Contract Win?

Reportedly, Cirrus Logic CRUS has won a deal to provide active noise cancellation for Apple’s AAPL next generation AirPods to be released in 2019. The deal is expected to help the chipmaker grow its top and bottom line by 4% and 15%, respectively, per media reports. Cirrus depends majorly on Apple for selling audio chips that are used in iPhone devices […]

Stock Analysts

CBS Subsidiary Announces TV Series Based on Video Game Halo

CBS Corporation ’s CBS subsidiary Showtime Networks recently announced that video game Halo will soon be made available on television in the form of a 10-episode series. Halo , an internationally hit science fiction military video game created by Bungie, is currently managed and developed by 343 Industries, a subsidiary of Microsoft MSFT . […]