On Wednesday, Ciena Corporation (NYSE:CIEN)’s shares inclined 1.64% to $26.03.
Ciena Corporation (CIEN) and Cyan, Inc. (CYNI), declared that early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) has been granted, effective June 15, 2015, for Ciena’s planned acquisition of Cyan.
Expiration of the waiting period under the HSR Act satisfies one of the conditions necessary for the consummation of the merger. The transaction remains subject to other closing conditions, counting certain approvals of Cyan stockholders at its annual meeting presently predictable to be held on Friday, July 31, 2015. The parties continue to expect that this transaction will close during the third quarter of calendar year 2015.
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 networks worldwide. The company’s Converged Packet Optical segment offers networking solutions optimized for the convergence of coherent optical transport, OTN switching, and packet switching.
Applied Micro Circuits Corporation (NASDAQ:AMCC)’s shares gained 13.01% to $7.99.
One stock that might be an intriguing choice for investors right now is Applied Micro Circuits Corporation (AMCC). This is because this security in the (industry) space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the electronic semiconductor space as it presently has a Zacks Industry Rank of 62 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when contrast to other segments out there.
Meanwhile, Applied Micro Circuits is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past two months, current quarter estimates have narrowed from a loss of 11 cents/share to a loss of 10 cents/share, while current year estimates have improved from a loss of 35 cents/share to a loss of 32 cents/share. The company presently carries a Zacks Rank #3 (Hold), which is also a favorable signal.
Applied Micro Circuits Corporation provides silicon solutions for next-generation cloud infrastructure and data centers; and connectivity products for edge, metro, and long haul communications equipment in the United States and internationally. The company offers X-Gene, a server on a chip product for use in cloud data center, computing, and enterprise applications; and embedded computing products that are applied in control- and data-plane administration, wireless access points, residential gateways, wireless base stations, storage controllers, network attached storage, network switches and routing products, and multi-function printers.
At the end of Wednesday’s trade, Quiksilver, Inc. (NYSE:ZQK)‘s shares surged 10.76% to $0.600.
Quiksilver, Inc. (ZQK) declared financial results for its fiscal 2015 second quarter ended April 30, 2015.
Pierre Agnes, Chief Executive Officer, stated, their second quarter performance came in largely as predictable with revenues adjusted for currencies and licensed categories essentially stabilized. They also reduced operating expenses, which allowed the Company to meet its EBITDA aim for the quarter on a constant currency basis. They are encouraged by customer feedback on their Spring ‘15 product offering across all brands. In addition, as their order book for the Fall ‘15 product line continues to develop, They are confident in their ability to drive revenue growth in the medium term. Overall, they are quite happy with their product lines.
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The company provides its products for various activities, counting casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities.
DIRECTV (NASDAQ:DTV), ended its Wednesday’s trading session with 0.20% gain, and closed at $92.48.
DIRECTV (DTV) DIRECTV is assisting parents breathe a sigh of relief with the launch of its new DIRECTV Kids App, an easy-to-use and safe online environment that offers DIRECTV customers age-appropriate content anywhere, anytime – at no extra charge. The new DIRECTV Kids App, designed for children ages 5-10, offers hundreds of popular children’s shows and kid-friendly movies, accessible to watch instantly from Nickelodeon, Cartoon Network, HBO, STARZ, Sprout and more, based on the customer’s DIRECTV programming package.
DIRECTV will also use its long-standing relationship with Common Sense Media, to incorporate age-based ratings and reviews through the App. Common Sense Media is a not-for-profit organization dedicated to providing independent, trustworthy information and education to kids, parents and educators, so they can be better equipped to succeed in a world of media and technology.
DIRECTV, a digital television entertainment company, engages in the direct-to-home (DTH) business in the United States and Latin America. It acquires, promotes, sells, and distributes digital entertainment programming primarily through satellite to residential and commercial subscribers.
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