CIEN had its third straight strong day in a row on Friday, trading up over 3% to close the session at $4.65. This caps a very strong week for the company, whose strong earnings report sent the entire sector higher. Volume was moderately heavy on Friday, with almost 30 million shares of the stock changing […]
MU said on Friday that it is willing to improve its bid for LEXR in an effort to win over several large shareholders that are opposed to their bid. The two biggest shareholders, Icahn and Associates and Elliot Associates, who both own at least 7.4% of LEXR, are likely to be still opposed to the […]
GOOG had a strong session on Thursday, trading up almost 3% to close at 382.62 after Pipar Jaffray analyst Safa Rashtchy issued a bullish note about the company. Pipar Jaffray maintained their $600 price target and Outperform rating on the stock following the company’s conference call session, saying that the company had communicated a message […]
CREE traded down over 4% on Thursday after the company announced a $180 million dollar purchase agreement from Sumitomo. Why did the stock trade down on the agreement? Investors seemed to punish the stock because this most recent agreement is a drop from the $200 million dollar agreement announced between the two companies a year […]
NOVL took a thumping on Thursday, trading down over 14% to close the regular session at $6.60 after the company reported their Q2 earnings and issued guidance for Q3. Volume was extremely strong on the session, with over 37 million shares of the stock changing hands, compared to a normal daily average of just over […]
CIEN had a big day on Wednesday, trading up over 13% to close the regular session at $4.30 as investors bid up the stock in anticipating of the company’s quarterly earnings report on Thursday. Volume was extremely heavy, with over 57 million shares of the stock changing hands, compared to a normal daily average of […]
ADCT had a rough day on Wednesday, trading down almost 20% to close the session at $17.92 after the company announced that they would be purchasing Andrew Corp. for $2 billion in stock. Under the deal, each share of ANDW will be exchanged for 0.57 shares of ADCT, a 30% premium to ANDW’s closing price […]