Some of the names on the move ahead of the open.» Read More
Oct 23- Network gear maker Juniper Networks Inc forecast weaker-than-expected profit and revenue for the current quarter as telecom operators, its main customers, postpone spending until the dust settles on several big mergers. Two of Juniper's largest customers, AT&T Inc and Sprint Corp, are taking time to decide whether to upgrade existing wired networks...
SAN FRANCISCO _ Riverbed Technology Inc. on Thursday reported third-quarter earnings of $11.5 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 30 cents per share. Analysts expected $279.2 million, according to Zacks.
Oct 9- Riverbed Technology Inc said it would review strategic options and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The hedge fund, headed by billionaire Paul Singer, has been making repeated offers to buy Riverbed since January and its latest...
Oct 9- Riverbed Technology Inc said it would review its alternatives and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The company's stock rose 3.5 percent to $18.72 in premarket trading on Thursday. The restructuring plan was aimed at reducing...
Boston, Sept 11- EMC Corp plans to keep its majority stake in software maker VMware Inc despite pressure from activist hedge fund Elliott Management, a person familiar with EMC's thinking told Reuters on Thursday.
Sept 11- Data storage products maker EMC Corp has decided to explore selling its stake in its software unit, VMware Inc, giving into pressure from Paul Singer- run activist hedge fund Elliott Management Corp, the New York Post reported, citing sources familiar with the matter.
*Sees Q3 earnings $0.35- $0.40/ shr vs est $0.44. *Sees Q3 revenue $1.15 bln- $1.2 bln vs est $1.26 bln. Juniper, whose clients include Verizon Communications Inc and AT&T Inc, forecast adjusted profit of 35- 40 cents per share on revenue of $1.15 billion- $1.2 billion.
July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.
*Expects adj rev$ $264- $265 mln vs prior view $274- $280 mln. *Expects adj profit at low end of its 26- 28 cents/ shr view. "This was a reality check quarter for Riverbed as the company faces a myriad of company-specific and secular challenges in the field," FBR Capital Markets analyst Daniel Ives said in an email.
Take a look at some of Tuesday's midday movers:
Check out which companies are making headlines after the bell Tuesday: Twitter, eBay, Costco
April 29- Network equipment maker Riverbed Technology Inc reported an 8 percent rise in quarterly revenue as U.S. telecom carriers spent more to expand and strengthen their networks. Riverbed reported net income of $3.3 million, or 2 cents per share, in the first quarter ended March 31, compared with a net loss of $8.1 million, or 5 cents per share, a year earlier.
BOSTON, April 29- Sotheby's and its largest investor, Daniel Loeb, will open their arguments in court on Tuesday on whether the auction house should be allowed to restrict the billionaire's ownership stake, in a case that could reshape the world of shareholder activism.
Some of Tuesday's midday movers:
Some of Tuesday's midday movers:
Some of Friday's midday movers:
Elliott Management Corp. is getting more aggressive in its bid for Riverbed Technology with a new offer of $21 a share.
You could almost hear the bulls cheering on Wall Street as the S&P pared 2014 losses and then closed at an all time high.
Some of Wednesday's midday movers:
CNBC's Jim Cramer says Intel's recent focus on mobile and wearable tech will help the company survive a weak PC market.