On Friday, Proofpoint Inc (NASDAQ:PFPT)’s shares inclined 0.65% to $60.56.
Proofpoint Inc (PFPT) declared that it has priced $150 million aggregate principal amount of 0.75% Convertible Senior Notes due 2020 (the “notes”). The size of the offering of the notes was raised from the formerly declared aggregate principal amount of $150 million. The notes will be sold to qualified institutional buyers following Rule 144A under the Securities Act of 1933, as amended. Proofpoint also granted the initial purchasers of the notes an option to purchase up to an additional $30 million aggregate principal amount of notes. The sale is predictable to close on June 17, 2015, subject to customary closing conditions.
Proofpoint, Inc. provides threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions worldwide. The companys security-as-a-service solutions comprises an integrated suite of on-demand data protection solutions that enable large and mid-sized organizations to defend, protect, archive, and govern their sensitive data. It provides Proofpoint Enterprise Protection, a communications and partnership security suite designed to protect customers’ mission-critical messaging infrastructure from outside threats, counting spam, phishing, unpredictable email volumes, malware, and other forms of objectionable or dangerous content before they reach the enterprise; and Proofpoint Enterprise Privacy, a data loss prevention, encryption, and compliance solution that defends against leaks of confidential information, and enables compliance with the United States, international, and industry-specific data protection regulations.
Ericsson (ADR) (NASDAQ:ERIC)’s shares dropped -0.09% to $11.33.
Ericsson (ADR) (ERIC)
CENX, a global leader of Service Orchestration solutions for software-defined and virtualized networks, today announced that it has partnered with Ericsson (ERIC) to integrate CENX’s Cortx Service Orchestrator as a key element of Ericsson’s global Managed Services Delivery Platform. The Cortx Service Orchestrator solution allows Ericsson’s managed service professionals to proactively monitor customers’ data connectivity services, providing real-time visibility of end-to-end circuit availability and performance, spanning multiple technologies.
CENX’s Cortx Service Orchestrator delivers an intuitive graphical dashboard to identify performance degradation (e.g. frame loss, latency and jitter) and simplifies the isolation of faults, significantly reducing Mean Time To Repair, increasing network availability and enhancing customer experience.
The capabilities of CENX’s Cortx Service Orchestrator allow Ericsson to identify degradation of Ethernet circuits before they begin to significantly impact end users of the network. It provides service delivery teams with the ability to measure Local Exchange Carriers and Alternate Access Vendors’ performance against key performance indicators and manage them in line with service level agreements.
Ericsson provides communications technology and services worldwide. The companys Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment offers radio access solutions; IP routing and transport solutions; transmission/backhaul solutions comprising microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; and operations support systems, in addition to supports operators administration of existing networks. Its Global Services segment delivers managed services, such as services for designing, building, operating, and managing networks or solutions; maintenance; network sharing solutions; shared solutions; and managed services of IT environments, in addition to provides broadcast and media services.
At the end of Friday’s trade, Bank of Nova Scotia (NYSE:BNS)‘s shares dipped -0.84% to $53.39.
Bank of Nova Scotia (BNS) declared a dividend on the outstanding shares of the Bank for the quarter ending July 31, 2015, as follows, payable on July 29, 2015 to shareholders of record at the close of business on July 7, 2015.
The Bank of Nova Scotia provides various personal, commercial, corporate, and investment banking services in Canada and internationally. The company provides financial advice, solutions, and day-to-day banking products, counting debit cards, checking accounts, credit cards, investments, mortgages, loans, and related creditor insurance products to individuals and small businesses; and commercial banking solutions, counting lending, deposit, cash administration, and trade finance solutions to medium and large businesses primarily through a network of 1,040 branches and 3,942 automated banking machines.
Canadian Solar Inc. (NASDAQ:CSIQ), ended its Friday’s trading session with -1.90% loss, and closed at $32.78.
Canadian Solar Inc. (CSIQ) declared that effective June 1, the company has been offering a new upgraded warranty on its polycrystalline photovoltaic modules by guaranteeing a lower first year power output degradation, less than 2.5%. This is in contrast to the industry standard of 3% degradation during the first year.
All Canadian Solar standard modules have a 10-year limited product warranty on material and workmanship. In addition, the following are the new warranty policies related to power performance:
- For polycrystalline module products, Canadian Solar guarantees the first year power degradation is no more than 2.5% from its nameplate power. From year 2 to year 25, the actual power decline will be no more than 0.7%. By the end of year 25, the actual power output will be no less than 80.7% of the nameplate power output.
- For the Diamond double-glass module, Canadian Solar guarantees the first year power degradation is no more than 2.5% from its nameplate power. From year 2 to year 30, the actual annual power decline will be no more than 0.5%. By the end of year 30, the actual power output will be no less than 83% of the labeled power output.
In the past 15 years, Canadian Solar has invested heavily into solar cell and module technology research and development. This warranty upgrade is based on internal and external PV system performance test results.
The performance warranty for standard monocrystalline cell modules will continue to be 3% degradation for the first year, and 0.7% power loss from year 2 to year 25. With Czochralski-type (CZ) wafer quality improvement, Canadian Solar will be able to roll out a similar improved performance warranty for monocrystalline cell modules in the future.
Canadian Solar Inc., together with its auxiliaries, designs, develops, manufactures, and sells solar wafers, cells, and solar power products worldwide. The company operates in two segments, Module and Energy. Its products comprise various solar modules that are used in residential, commercial, and industrial solar power generation systems. The company also provides specialty solar products comprising of Andes Solar Home System, an off-grid solar system, designed to provide an economical source of electricity to homes and communities without access to grid; and Maple Solar System, a clean energy solution for families, in addition to solar system kits, which are a ready-to-install packages, such as inverters, racking system, and other accessories.
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