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Ross Stores (ROST) Board Approves 2-for-1 Stock Split – Analyst Blog

Off price retailer, Ross Stores Inc.ROST declared a 2 for 1 stock split in order to control the rise in its share price. The company’s share price has been rising over the past few years based on its strong Source
Posted On 27 Mar 2015

Orbital ATK to Provide Joint Polar Satellite Systems to NASA – Analyst Blog

Orbital ATK, Inc.OA has received a contract to design, produce and integrate up to three Joint Polar Satellite Systems (“JPSS”) spacecraft for the National Aeronautics and Space Administration (“NASA”). Per the agreement, the company will design and...
Posted On 27 Mar 2015

Raytheon Co. Wins $528.8M AMRAAM Modification Contract – Analyst Blog

Raytheon CompanyRTN has won a fixed price incentive firm modification contract worth $528.8 million. Per the contract, Raytheon can exercise an option to supply Advanced Medium Range Air to Air Missile (“AMRAAM”) to the Air Force. The original contract, Source
Posted On 27 Mar 2015

JDS Uniphase (JDSU) Raised to Hold on Favorable Factors – Analyst Blog

On Mar 25, 2015, Zacks Investment Research upgraded JDS Uniphase Corp.JDSU by a notch to a Zacks Rank #3 (Hold). Except for the last quarter, JDS Uniphase has delivered positive earnings surprises in three quarters last year, with an Source
Posted On 27 Mar 2015

Abiomed Attains New 52-Week High on Impella 2.5 Approval – Analyst Blog

Shares of Danvers, MA based Abiomed IncABMD scaled a new 52 week high of $74.70 in mid day trading on Mar 24, after the company announced late Monday that the FDA had approved its Impella 2.5 heart pump. The Source
Posted On 27 Mar 2015

Lpath (LPTN) Crumbles on Failure of Kidney Cancer Drug Trial – Analyst Blog

Shares of Lpath, Inc . LPTN plunged in after market trading following the company’s announcement of dismal results from a phase IIa study on oncology candidate, Asonep. The single agent open label study on Asonep enrolled patients suffering from Source
Posted On 27 Mar 2015

Apollo Education Posts Narrower Q2 Loss, Cuts 2015 View – Analyst Blog

Apollo Education Group, Inc.’sAPOL adjusted loss of 10 cents per share in the second quarter of fiscal 2015 was narrower than the Zacks Consensus Estimate of a loss of 16 cents per share. However, the bottom line compared unfavorably Source
Posted On 27 Mar 2015

Ocwen to Sell MSRs to NationStar: More Shrinking on Cards? – Analyst Blog

Ocwen Financial Corp . OCN continues with its strategy of selling residential mortgage servicing rights (“MSRs”) with an aim to restructure and shrink its servicing operations. The company, through its subsidiary Ocwen Loan Servicing, LLC, signed an agreement in Source
Posted On 27 Mar 2015

Builders Up as New Home Sales Hit 7-Year High – Analyst Blog

U.S. new home sales increased almost 8% in February, reaching the highest level in almost seven years quite a relief from the softer housing data released earlier this month. Data released by the U.S. Census Bureau and the Department Source
Posted On 27 Mar 2015

Telefonica to Divest UK Operations to Hutchison – Analyst Blog

Spanish telecom behemoth Telefonica SATEF has decided to divest its U.K. wireless operations, which run under the O2 brand, to Hutchison Whampoa. Notably, Hutchison currently operates under the 3 UK brand in the nation. At present, O2 serves over Source
Posted On 27 Mar 2015