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Friday 5 June 2015
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Latest Update

Laggard Stocks To Watch List: Qualys (NASDAQ:QLYS), xG Technology (NASDAQ:XGTI), AcelRx Pharmaceuticals (NASDAQ:ACRX), InterCloud Systems (NASDAQ:ICLD)

On Tuesday, Qualys Inc (NASDAQ:QLYS)’s shares declined -32.77% to $37.03.

Qualys Inc (QLYS) declared the release of “Vulnerability Administration for Dummies, Second Edition,” its newly revised eBook designed to provide network security teams with a clearer understanding of vulnerability administration (VM). The eBook will provide guidance on how to implement a successful VM program, together with continuous monitoring, in an ever-evolving IT security landscape.

Qualys, Inc. provides cloud security and compliance solutions in the United States and internationally. The company offers QualysGuard cloud suite of solutions, such as Vulnerability Administration, Policy Compliance, PCI Compliance, Web Application Scanning, Malware Detection Service, Web Application Firewall, and Qualys SECURE Seal.

xG Technology Inc (NASDAQ:XGTI)’s shares dropped -29.50% to $0.380.

xG Technology Inc (XGTI) declared that it has been awarded a new patent covering improved techniques for mitigating interference in wireless transmissions. The new patent, “Hybrid ARQ system with Snapshot Feedback Mechanism for Interference Prone Wireless Networks,” outlines a method for faster and more detailed analysis of data being received, which will assist deliver smoother and more reliable communications in crowded and challenged RF (radio frequency) environments.

xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.

At the end of Tuesday’s trade, AcelRx Pharmaceuticals Inc (NASDAQ:ACRX)‘s shares dipped -27.74% to $3.04.

AcelRx Pharmaceuticals Inc (ACRX) offered a regulatory update on Zalviso and stated financial results for the three months ended March 31, 2015.

Zalviso Regulatory Update

On April 21, 2015, AcelRx presented a request to the Division of Anesthesia, Analgesia, and Addiction Products (DAAAP or the Division) of the Food and Drug Administration (FDA) for a Type B meeting. This past Friday the Division notified the Company that the request for a meeting was denied and restated the Division’s view that a clinical study is required. We are consulting with our regulatory, legal and clinical advisors to determine our next steps. We will be considering all options to determine a pathway forward for Zalviso counting the possibility of dispute resolution through one of the FDA prescribed pathways in addition to conducting additional clinical or Human Factors studies.

AcelRx Pharmaceuticals, Inc., a specialty pharmaceutical company, develops and commercializes therapies for the treatment of acute pain. The company’s lead product candidate is Zalviso, an investigational, pre-programmed, non-invasive, handheld system that has accomplished Phase III clinical trials for the treatment of moderate-to-severe acute pain in the hospital setting.

InterCloud Systems Inc (NASDAQ:ICLD), ended its Tuesday’s trading session with -26.10% loss, and closed at $3.03.

InterCloud Systems Inc (ICLD) a single-source provider of end-to-end information technology (IT) and next-generation network solutions counting Software Defined Networking (SDN) and Network Functions Virtualization (NFV) to the telecommunications service provider (carrier) and corporate enterprise markets through cloud solutions and professional services, declared recently the launching of NFVGrid, a Network Functions Virtualization Orchestration platform.

InterCloud Systems, Inc. provides end-to-end IT and network solutions to the telecommunications service provider and corporate enterprise markets through cloud platforms and professional services in the United States and internationally. It operates through three segments: Applications and Infrastructure, Professional Services, and Cloud and Managed Services.

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