On Tuesday, Cowen Group Inc (NASDAQ:COWN)’s shares declined -3.97% to $5.08.
Cowen Group, Inc. (COWN) declared that George Mihalos has joined Cowen and Company’s Equity Research department as a Director to cover payments and financial information stocks. Mr. Mihalos is based in New York and reports to Robert Fagin, Cowen’s Director of Research.
Mr. Mihalos has nine years of equity research experience in the payments and financial information sector. He joins Cowen from Credit Suisse where he was a research analyst, and formerly held similar roles at Bank of America Merrill Lynch and Bear Stearns.
Mr. Mihalos holds a Bachelor in Business Administration degree from Hofstra University.
Cowen’s technology, media and telecommunications equity research team comprises 13 senior analysts whose coverage spans Computer Services & IT Consulting, Digital Media, Internet, Media, Payments & Financial Information, Semiconductor Capital Equipment, Semiconductors, Software, Telecom & Networking Equipment, and Telecom Services.
Cowen Group, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides alternative investment administration, investment banking, research, and sales and trading services for its clients. It manages separate client focused portfolio through its auxiliaries.
ARRIS Group, Inc. (NASDAQ:ARRS)’s shares dropped -3.10% to $25.60.
Windstream (WIN), a leading provider of advanced network communications and technology solutions, is deploying NVG343 residential gateways and VIP Series IP set-tops from ARRIS Group, Inc. (ARRS) to power its next-generation Kinetic television service.
Kinetic, which launched April 15, is accessible to more than 50,000 homes in Lincoln, Nebraska, and offers a new way of watching television that leverages the company’s 100% fiber-backed network. The ARRIS NVG343 gateway and set-tops deliver ultra-fast wireless connections that support HD video streaming and whole-home DVR — for high-quality digital TV anywhere in the house.
ARRIS Group, Inc. provides media entertainment and data communications solutions in the United States and internationally. The company operates in two segments, Customer Premises Equipment and Network & Cloud. The Customer Premises Equipment segment offers various product solutions, counting set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video, and high-speed data services to residential and business subscribers.
At the end of Tuesday’s trade, Nordstrom, Inc. (NYSE:JWN)‘s shares dipped -1.67% to $71.66.
Nordstrom, Inc. (JWN) declared that its board of directors approved a quarterly dividend of 37 cents per share payable on September 15, 2015 to shareholders of record at the close of business on August 31, 2015.
Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise through various channels, counting Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; and other retail channels, counting Trunk Club showrooms and TrunkClub.com, Jeffrey boutiques, and clearance store that operates under the name Last Chance.
Veeva Systems Inc (NYSE:VEEV), ended its Tuesday’s trading session with -4.67% loss, and closed at $24.69.
Veeva Systems Inc. (VEEV), declared results for its fiscal second quarter ended July 31, 2015.
Fiscal 2016 Second Quarter Results:
- Revenues: Total revenues for the second quarter were $98.1 million, up from $75.7 million one year ago, an enhance of 30% year-over-year. Subscription services revenues for the second quarter were $75.3 million, up from $56.6 million one year ago, an enhance of 33% year-over-year.
- Operating income and non-GAAP operating income(1): Second quarter operating income was $22.4 million, contrast to $16.8 million one year ago, an enhance of 33% year-over-year. Non-GAAP operating income for the second quarter was $28.7 million, contrast to $20.8 million one year ago, an enhance of 38% year-over-year.
- Net income and non-GAAP net income(1): Second quarter net income was $13.4 million, contrast to $9.6 million one year ago, an enhance of 40% year-over-year. Non-GAAP net income for the second quarter was $18.2 million, contrast to $12.4 million one year ago, an enhance of 47% year-over-year.
Veeva Systems Inc. provides cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America. Its solutions comprise Veeva CRM, a customer relationship administration solution that allows pharmaceutical and biotechnology companies to market and sell compliantly to physicians, other healthcare professionals, and healthcare organizations through multiple touch points, counting face-to-face, email, and online; and Veeva Vault, a cloud-based content administration and partnershipsolution for its customers to manage content-centric processes in various departments within a life sciences company, counting clinical trials, regulatory submissions, quality administration, manufacturing, medical, sales, and marketing. +
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