On Friday, Shares of PMC-Sierra Inc (NASDAQ:PMCS), gained 0.88% to $10.29.
The stock was trading on above-average volume. The stock traded at a volume of 9,542,300 shares at a price gain of 0.88%. The share price is now up 30.75% for the past three months. Latest closing price was 54.25% above its 50-day moving average and 23.43% above its 200-day moving average.
PMC-Sierra, Inc. designs, develops, markets, and supports semiconductor solutions for communications network infrastructure equipment worldwide. Its semiconductor devices enable networking equipment primarily in three markets, counting storage, optical, and mobile networks.
Shares of GRPN Groupon Inc (NASDAQ:GRPN), inclined 0.13% to $3.87, during its last trading session.
Groupon, Inc. (GRPN) declared recently that it intends to hold a conference call to discuss its third quarter 2015 financial results on Tuesday, November 3, 2015, at 5:00pm EST.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
Finally, SolarWinds Inc (NYSE:SWI), ended its last trade with 13.40% gain, and closed at $47.49.
SolarWinds, declared that the Company’s board of directors, in response to an unsolicited expression of interest from a third party, has commenced a review of its planned alternatives. This review may result in the Company’s ongoing to pursue value-enhancing initiatives as a standalone company or a possible sale or other form of business combination. The Board of Directors has retained J.P. Morgan as its financial advisor and DLA Piper LLP (US) as its legal advisor in connection with the review.
“Consistent with its duties, our board of directors has determined that it is prudent to undertake a review to see which alternative or alternatives, counting our standalone plan, are the best way to maximize shareholder value,” said Kevin Thompson, the Company’s Chief Executive Officer. “As the board conducts its review, we remain focused on strong revenue growth and cash flow and excited about ongoing to deliver our world class products to assist IT professionals manage all things IT.”
No decision has been made to enter into any transaction at this time, and there can be no assurance that the consideration of planned alternatives will result in any transaction.
SolarWinds, Inc., together with its auxiliaries, designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure administration software to IT and DevOps professionals in various organizations worldwide.
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