Month: July 2018

Technicals

Atlassian Corporation (TEAM) in Focus: Stock Moves 10.5% Higher

July 30, 2018 0

Atlassian Corporation Plc TEAM was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This continues the recent uptrend for the company—as the stock is now up 16.6% in the past one-month time frame. The move came after the company reported solid fourth-quarter and fiscal 2018 results […]

Technicals

Lam Research (LRCX) Catches Eye: Stock Jumps 7.2%

July 30, 2018 0

Lam Research Corporation LRCX was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $167.25 to $181.32 in the past one-month time frame. […]

Mergers & Acquisitions

BioAmber Provides Update on Sales Process

July 30, 2018 0

BioAmber Provides Update on Sales Process PR Newswire MONTREAL, July 30, 2018 MONTREAL , July 30, 2018 /PRNewswire/ – BioAmber Inc. (OTCPK: BIOAQ) announces that the current stage of the Sales and Investor Solicitation Process (SISP) has concluded without an acceptable offer having been received from a Qualified Bidder as of the due date of July 27 , 2018. […]

Mergers & Acquisitions

Analysis Group Provides Support in Blocked Marine Company Merger

July 30, 2018 0

Analysis Group Provides Support in Blocked Marine Company Merger PR Newswire BOSTON, July 30, 2018 BOSTON , July 30, 2018 /PRNewswire/ — Analysis Group , one of the largest economics consulting firms, assisted the Federal Trade Commission (FTC) in its successful effort to block Wilhelmsen Maritime Services AS’s proposed $400 million acquisition of Drew Marine Group Inc. In February, the FTC sought a temporary restraining order and a preliminary injunction in federal court to block the deal from closing while the agency conducted an administrative trial to determine its legality. […]

Stock Analysts

Cypress’ (CY) Q2 Earnings and Revenues Surpass Estimates

July 30, 2018 0

Cypress Semiconductor Corporation CY delivered second-quarter 2018 non-GAAP earnings of 33 cents beating the Zacks Consensus Estimate by 4 cents. The figure surged 57.1% on a year-over-year basis and 22.3% sequentially. Revenues came in $624.1 million, surpassing the Zacks Consensus Estimate of $620 million […]

Stock Analysts

Utility Stocks’ Q2 Earnings Due on Jul 31: FE, WEC & FTS

July 30, 2018 0

The Q2 earnings season is past the halfway mark, with total earnings of the 265 S&P 500 members that have already reported being up 23.6% from the same period last year on 10.1% higher revenues. Per out latest Earnings Preview , overall second-quarter earnings for all the S&P 500 members are expected to be up 23.6% on 8.8% revenue growth. Let's concentrate on the domestic-focused matured Utility sector and find out how it is poised to perform this season. […]

Stock Analysts

Is a Beat Likely for Fidelity National (FIS) in Q2 Earnings?

July 30, 2018 0

Fidelity National Information Services FIS is scheduled to release second-quarter 2018 earnings on Jul 31, before the opening bell. While the company’s earnings are expected to grow on a year-over-year basis, revenues are likely to decline. Notably, Fidelity delivered positive earnings surprises in each of the trailing four quarters, with an average beat of 5.7% […]

Stock Analysts

Methanex (MEOH) Q2 Earnings Beat Estimates, Revenues Up Y/Y

July 30, 2018 0

Methanex Corporation MEOH recorded profit (attributable to Methanex shareholders) of $111 million or $1.36 per share in the second quarter of 2018. The figure increased around 32% from $84 million or 89 cents a year ago and also improved from a profit of $169 million or $2.00 in the previous quarter. Adjusted (barring one-time items) earnings per share in the quarter were $1.75 […]

Stock Analysts

Medical Product Stock Earnings on Jul 31: HOLX, NUVA, QSII

July 30, 2018 0

The second quarter has seen releases from 265 members in the S&P 500 cohort as of Jul 27. Per our latest Earnings Preview , performances of these index participants indicate a 23.6% increase in total earnings on 10.1% higher revenues. The beat ratio is also impressive with 80.8% companies surpassing bottom-line expectations and 72.1% outperforming on the top-line front. […]