On Monday, Basic Energy Services, Inc (NYSE:BAS)’s shares declined -10.42% to $3.61.
MiX Telematics (MIXT), a leading global provider of fleet and mobile asset administration solutions, declared recently that Basic Energy Services (BAS) has renewed its contract for fleet administration and driver behavior solutions for the next five years. Basic Energy Services uses solutions from MiX Telematics to assist improve driver safety and monitor performance of more than 4,000 vehicles.
One of the key factors in the renewal decision was MiX’s Service for Life commitment. MiX offers a comprehensive range of services, which go beyond sales, implementation and troubleshooting. It starts when a customer signs the contract and continues, holistically, until the day the contract ends.
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.
Ares Capital Corporation (NASDAQ:ARCC)’s shares dropped -4.32% to $14.40.
Ares Capital Corporation (ARCC) declared that its Board of Directors has approved a stock repurchase program. Following the program, Ares Capital is authorized to repurchase up to $100 million in the aggregate of its outstanding common stock in the open market at certain thresholds below its net asset value per share, in accordance with the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The timing, manner, price and amount of any share repurchases will be determined by Ares Capital, in its discretion, based upon the evaluation of economic and market conditions, stock price, applicable legal and regulatory requirements and other factors.
Ares Capital anticipates that the program will be in effect until September 30, 2016, or until the approved dollar amount has been used to repurchase shares. The program does not require Ares Capital to repurchase any specific number of shares and Ares Capital cannot assure you that any shares will be repurchased under the program. The program may be suspended, extended, modified or suspended at any time.
At the end of Monday’s trade, Ciena Corporation (NYSE:CIEN)‘s shares dipped -1.91% to $20.30.
Ciena® (CIEN) has extended the value and benefits of its Waveserver data center interconnect (DCI) platform into long-haul applications with a richer set of reach and capacity options. The industry’s first stackable DCI system for any distance, Waveserver leverages Ciena’s WaveLogic 3 Extreme chipset to maximize transport capacity on the fly and meet surging demand for cloud and content-on-demand requirements. The new technology inside Waveserver can equip recently’s netoperates to provide 200 Gb/s wavelengths at greater than 1,000 km distances and 100 Gb/s wavelengths in excess of 10,000 km.
The web-scale effect is driving network providers to invest heavily in interconnecting data centers not only within metropolitan areas, but across long distances between cities as well. According to Ovum’s global long-haul network DCI forecast, the market is growing at seven percent CAGR and is predictable to reach $1.5 billion by 2019. Waveserver’s new long-haul capabilities allow Ciena customers to build long-haul DCI netoperates with a web-scale operational paradigm.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications netoperates worldwide.
RAIT Financial Trust (NYSE:RAS), ended its Monday’s trading session with -4.43% loss, and closed at $5.18.
RAIT Financial Trust (RAS) (“RAIT”) declared that on September 17, 2015, RAIT’s Board of Trustees declared a third quarter 2015 cash dividend on RAIT’s common shares of $0.18 per common share. The dividend will be paid on October 30, 2015 to holders of record on October 9, 2015. The ex-dividend date is October 7, 2015.
RAIT Financial Trust operates as a self-managed and self-advised real estate investment trust (REIT). The company, through its auxiliaries, invests in, manages, and services real estate-related assets with a focus on commercial real estate. It also offers a set of debt financing options to the commercial real estate industry together with fixed income trading and advisory services.
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