On Monday, Shares of LendingClub Corp (NYSE:LC), gained 3.23% to $14.37.
Lending Club, declared that its marketplace is now accessible to investors in Arkansas, Iowa, and Oklahoma.
“We are thrilled to bring the opportunity to invest in consumer credit as an asset class to investors in Arkansas, Iowa, and Oklahoma,” said Lending Club founder and CEO Renaud Laplanche. “Lending Club is now accessible to investors in 33 states. We’re proud of the constructive relationships we’re building with state regulators, and excited that we’re increasingly able to offer rewarding investment products to investors in more states.”
LendingClub Corporation operates as an online marketplace for connecting borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans.
Shares of GigOptix Inc (NYSEMKT:GIG), declined -14.05% to $2.08, during its last trading session.
GigOptix, declared financial results for its second quarter of fiscal year 2015, which ended June 28, 2015.
Second Quarter Fiscal 2015 GAAP Results
Total revenue in Q2 FY15 was $9.8 million. This compares with revenue of $8.0 million in Q2 FY14, and $9.1 million in Q1 FY15.
Gross margin in Q2 FY15 was a record 63 percent, and compares with 57 percent in Q2 FY14, and 60 percent in Q1 FY15.
Net income in Q2 FY15 was $0.5 million, or net income of $0.02 per diluted share. This marks the first profitable quarter, free of non-recurring items, in the Company’s history. This compares with a net loss of $2.0 million, or a net loss of ($0.06) per share in Q2 FY14, and a net loss of $0.6 million, or a net loss of ($0.02) per share in Q1 FY15.
Cash and cash equivalents as of June 28, 2015 were $18.4 million, an enhance of $0.7 million from the end of the preceding quarter.
GigOptix, Inc. operates as a fabless supplier of semiconductor components that enable end-to-end information streaming over optical and wireless networks. Its high-speed communications product line offers a portfolio of high performance optical and wireless components, such as mixed signal radio frequency integrated circuits; laser and optical drivers, and trans-impedance amplifiers for telecom, datacom, and consumer electronic fiber-optic applications; power amplifiers and transceivers for millimeter monolithic microwave integrated circuits wireless applications; integrated systems in a package solutions for fiber-optic and wireless applications; and radio frequency chips for various consumer applications, counting global navigation satellite systems.
Finally, Entegris Inc (NASDAQ:ENTG), ended its last trade with 0.48% gain, and closed at $14.75.
Entegris, Inc. (ENTG) will be participating in the Jefferies 2015 Industrials Conference on Wednesday, August 12, 2015 at the Grand Hyatt in New York City. Entegris will present at 10:40 a.m. Eastern Time.
Entegris, Inc. manufactures and sells a range of products and services for purifying, protecting, and transporting the critical materials used in processing and manufacturing in the microelectronics and other high-technology industries worldwide.
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