Market Insider

Midday Movers: CSCO, CTXS & More


Take a look at some of Friday's midday movers:

Cisco Systems fell after CEO John Chambers said his company had gone too long without making a major acquisition. Meanwhile, Citrix Systems popped on speculation it could be acquired by Cisco Systems following Chambers' comments.

American International Group gained following news it is expected to announce the sale of its airplane leasing business to a Chinese consortium early next week.

Shoe Carnival gained after it declared a $1 a share special cash dividend. It kept its quarterly dividend at 5 cents a share.

Aetna rose after reaching a $120 million settlement over reimbursements.

Avon moved higher on speculation that Coty is coming back with a takeover offer.

Deckers Outdoor moved higher on renewed takeover speculation.

Freeport McMoRan rebounded after Oracle Investment Research gave the company a "strong buy" recommendation, calling the recent selloff an opportunity to participate in a commodity cycle upswing. Oracle put a $60 price target on the stock.

Gulfport Energy moved lower after Stifel Nicolaus downgraded the stock to "hold" from "buy."

Amarin lost ground after it said it will begin hiring a sales force to launch its cholesterol-reducing fish oil pill, disappointing investors who thought it would have a partner by now.

Geo Group jumped after the company's board authorized the private-prison operator to divest certain health-care assets as it moves to converting itself to a REIT by 2013. It will also pay a special dividend of $5.68 a share.

Analogic fell on weaker-than-expected first-quarter earnings.

Comtech Telecommunications moved lower after its first-quarter earnings fell 41 percent on weaker sales. The maker of advanced communications systems also lowered its full-year outlook.

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—By CNBC's Rich Fisherman.

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