Active Stocks in the News: MGM Resorts International (NYSE:MGM), Autodesk, Inc. (NASDAQ:ADSK), Seagate Technology PLC (NASDAQ:STX)

Active Stocks in the News: MGM Resorts International (NYSE:MGM), Autodesk, Inc. (NASDAQ:ADSK), Seagate Technology PLC (NASDAQ:STX)

- in Business & Finance
0

On Thursday, Shares of MGM Resorts International (NYSE:MGM), lost -0.84% to $22.53.

MGM Resorts International, ranks again among the nation’s leading companies for workplace equality based on its policies and practices regarding lesbian, gay, bisexual and transgender (LGBT) employees, according to a prominent benchmarking organization.

The Human Rights Campaign (HRC) declared that for the fourth successive year MGM Resorts has earned a perfect score from the 2016 Corporate Equality Index (CEI), an annual HRC survey that ranks major companies for their non-discrimination and benefits practices with respect to LGBT employees.

“The principles of diversity and inclusion run deep within our company culture and in the guest service for which we are renowned,” said Jim Murren, Chairman and CEO of MGM Resorts International. “This recognition further demonstrates our enduring commitment to our LGBT community. We are honored to receive a perfect score yet again, and commit ourselves to the continuous promotion of equality within our workforce and throughout our communities.”

MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

Shares of Autodesk, Inc. (NASDAQ:ADSK), inclined 1.86% to $62.39, during its last trading session.

Autodesk, stated financial results for the third quarter of fiscal 2016.

Third Quarter Fiscal 2016

  • Total subscriptions raised by about 80,000 from the second quarter of fiscal 2016 to 2.47 million at the end of the third quarter.
  • Total annualized recurring revenue (ARR) was $1.35 billion, an improvement of 15 percent contrast to the third quarter last year as stated, and 18 percent on a constant currency basis.
  • Deferred revenue raised 20 percent to $1.21 billion, contrast to $1.01 billion in the third quarter last year.
  • Total billings reduced 9 percent, contrast to the third quarter last year as stated, and 4 percent on a constant currency basis.
  • Revenue was $600 million, a decrease of 3 percent contrast to the third quarter last year as stated, and an improvement of 2 percent on a constant currency basis.
  • Total GAAP spend (cost of revenue plus operating expenses) was $615 million, an improvement of 2 percent contrast to the third quarter last year.
  • Total non-GAAP spend was $545 million, an improvement of 1 percent contrast to the third quarter last year.
  • GAAP operating margin was percent, contrast to 2 percent in the third quarter last year.
  • Non-GAAP operating margin was 9 percent, contrast to 13 percent in the third quarter last year. A reconciliation of GAAP to non-GAAP results is offered in the accompanying tables.
  • GAAP diluted net loss per share was $(0.19). GAAP diluted net income per share was $0.05 in the third quarter last year.
  • Non-GAAP diluted net income per share was $0.14, contrast to $0.25 in the third quarter last year.
  • Cash flow from operating activities was $80 million, contrast to $136 million in the third quarter last year.

Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.

Finally, Shares of Seagate Technology PLC (NASDAQ:STX), ended its last trade with - 0.29% loss, and closed at $34.28.

Reduxio Systems, declared the release of the Reduxio Storage Manager (RSM) for VMware vSphere. RSM enables VMware customers to use Reduxio’s HX 550 Flash Hybrid storage system’s Back Dating™ mechanism to instantly clone and recover Virtual Machines (VMs) and data stores at the granularity of one second directly from VMware vCenter. Obsoleting snapshots, BackDating with RSM for VMware vSphere reduces recovery time from hours to seconds, simplifies data protection administration, and eliminates excessive overhead associated with conventional snapshot technologies for VMware customers.

With Back Dating, when a data store or a VM has an issue, VMware customers can clone or revert the data store to the second before the issue occurred. Backdating also offers the smallest recovery window for a virtualization environment.

“Back Dating provides automatic consistency, which makes it possible to recover complex environments across data stores with no upfront configuration,” said Mark Weiner, Reduxio’s CEO and co-founder. “These capabilities, combined with our flash hybrid storage system’s innovative deduplication, compression and tiering, deliver breakthrough storage efficiency and performance — and not just for VMware, but also for datacenter applications from Microsoft®, Oracle® and other major software providers.”

Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. It provides hard disk drives, solid state hybrid drives, solid state drives, PCIe cards, and serial advanced technology architecture controllers that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, digital media systems, and surveillance systems.

Leave a Reply

Your email address will not be published. Required fields are marked *