On Wednesday, Shares of Symantec Corporation (NASDAQ:SYMC), gained 1.41% to $21.64.
Symantec Corp., stated the results of its first quarter of fiscal year 2016, ended July 3, 2015.
Michael A. Brown, president and CEO, said, “We made encouraging progress in several product segments, achieving growth in our enterprise security business for the first quarter in two years. However, our revenue was flat in Q1, adjusting for currency and an extra week in the June 2014 quarter. Reaching a definitive agreement to sell Veritas marks an important inflection point for Symantec. With a strong product pipeline of more than a dozen enterprise security products on track to be released this year, Symantec is now focused on extending its lead as the world’s largest cybersecurity company.”
Thomas Seifert, executive vice president and CFO, said, “The $8 billion sale price for Veritas delivers a certain and attractive valuation, and simplifies the separation process. We remain committed to returning noteworthy cash to shareholders, by announcing an enhance to our share repurchase authorization to $2.6 billion. We also intend to maintain our dividend at 15 cents per common share, which represents an raised and attractive payout ratio for a company of Symantec’s size post-separation.”
Symantec Corporation, together with its auxiliaries, provides security, backup, and availability solutions worldwide. Its products and services protect people and information in various environments from the mobile device and enterprise data center and to cloud-based systems.
Shares of Castlight Health Inc (NYSE:CSLT), inclined 5.26% to $6.20, during its last trading session.
Jellyvision, and San Francisco-based Castlight Health, declared their new partnership. The two companies join forces to provide employees an end-to-end decision support platform for their healthcare choices while assisting benefit leaders rein in costs and improve engagement.
The Castlight Enterprise Healthcare Cloud (EHC) is a platform and integrated suite of applications from Castlight and others that enable employers to lower costs and improve benefit satisfaction. It empowers employees with the information they need to make informed healthcare decisions and better manage their healthcare benefits. More than 170 companies across 25 industries have selected the Castlight EHC to maximize their investments in employee health and wellness, eliminate waste, and eradicate unnecessary spending. Additionally, over 40 applications are already running on the Castlight cloud platform.
Through this new partnership, Castlight will offer ALEX on Choosing Your Plan-Jellyvision’s industry-leading benefits decision support tool-on the EHC platform to all mutual customers. Having ALEX on the Castlight platform will assist benefits leaders improve engagement and assist users make better choices, not only when choosing care, but also when making healthcare benefits decisions during open enrollment.
Castlight Health, Inc. provides cloud-based software in the United States. Its software enables enterprises to understand and manage health care spending. It offers Enterprise Healthcare Cloud that transforms external and internal complex data into transparent and useful information.
Finally, Newpark Resources Inc (NYSE:NR), ended its last trade with 1.49% gain, and closed at $7.50.
Newpark Resources, declared results for its second quarter ended June 30, 2015. Total revenues for the second quarter of 2015 were $163.6 million contrast to $208.5 million in the first quarter and $272.5 million in the second quarter of 2014. Net loss for the second quarter of 2015 was $4.3 million, or $0.05 per share, contrast to net income of $1.0 million, or $0.01 per diluted share, in the first quarter, and $20.3 million, or $0.21 per diluted share, in the second quarter of 2014.
Second quarter 2015 results comprised of a $1.7 million ($0.02 per share) charge to provision for income taxes to impair formerly-recorded deferred tax assets in Australia.
Paul Howes, Newpark’s President and Chief Executive Officer, stated, “While we are encouraged by the modest margin recovery in Fluids and sustained strength in cash flows, the continued decline in customer drilling activity proved to be challenging, particularly for our Mats business. In our Fluids segment, second quarter results were in-line with our expectations, despite our U.S. operations ongoing to face the headwinds of further declines in rig count, in addition to some weather-related challenges impacting a few regions. U.S. Fluids revenues were down 24% sequentially, which compares favorably to the 35% sequential decline in U.S. rig count. Despite the lower revenues, we’ve seen a meaningful positive impact from our cost reduction programs executed earlier this year, which assisted drive a modest sequential improvement in our Fluids operating results. Outside of North America, we are very happy with the performance of our EMEA region, which stated a 15% sequential enhance in revenues, benefitting from the ramp-up in activity with Sonatrach, as we transition to the new contract, together with an enhance in activity in Kuwait.
Newpark Resources, Inc. provides various products and services primarily to the oil and gas exploration industry. The company operates in two segments, Fluids Systems, and Mats and Integrated Services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
