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Sunday 26 July 2015
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Pre-Market Stocks Highlights: E*TRADE Financial (NASDAQ:ETFC), Cyberark Software (NASDAQ:CYBR), AutoNation, (NYSE:AN), TECO Energy, (NYSE:TE)

On Wednesday, E*TRADE Financial Corp (NASDAQ:ETFC)’s shares inclined 0.23% to $30.19.

E*TRADE Financial Corporation (ETFC) declared that it will report its second quarter 2015 financial results after the close of the U.S. financial markets on Thursday, July 23, 2015. The Company will host a conference call to talk about the results at 5:00 p.m. ET.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Administration. The Trading and Investing segment offers retail brokerage products and services, investor-focused banking products, and corporate services. The Balance Sheet Administration segment manages asset allocation; loans formerly originated by the company or purchased from third parties; deposits and customer payables; and credit, liquidity, and interest rate risk.

Cyberark Software Ltd (NASDAQ:CYBR)’s shares gained 1.20% to $57.50.

CyberArk (CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, recently declared details of its participation at HostingCon Global 2015, taking place July 26-29 in San Diego. CyberArk will lead a session, “A Clear View of Securing Privileges in the Cloud,” and take part on a panel to talk about cybersecurity trends and legislation.

CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor privileged account access and activities. Its privileged account security solution comprises of Enterprise Password Vault that provides a tool to manage and protect physical, virtual, or cloud-based assets; SSH Key Manager to store, rotate, and control access to SSH keys for preventing unauthorized access to privileged accounts; Privileged Session Manager that protects servers, applications, databases, and hypervisors from malware; and Privileged Threat Analytics that profiles and analyzes individual privileged user behavior and creates preceding alerts when abnormal activity is detected.

At the end of Wednesday’s trade, AutoNation, Inc. (NYSE:AN)‘s shares dipped -2.84% to $62.88.

AutoNation, Inc. (AN), America’s largest automotive retailer, stated 2015 second quarter net income from ongoing operations of $115 million, a record for second quarter results, or $1.00 per share, contrast to net income from ongoing operations of $101 million, or $0.83 per share, for the same period in the preceding year, a 20% improvement on a per-share basis.

Second quarter 2015 revenue totaled $5.2 billion, contrast to $4.8 billion in the year-ago period, an enhance of 9%, driven by stronger performance in all business sectors - new vehicles, used vehicles, parts and service, and finance and insurance. In the second quarter of 2015, AutoNation’s retail new vehicle unit sales raised 6% overall and 4% on a same store basis, while retail used vehicle unit sales raised 9% overall and 7% on a same store basis.

AutoNation, Inc., through its auxiliaries, provides new and used automotive and spare parts retail services in the United States. The company operates in three segments: Domestic, Import, and Premium Luxury. It offers new and used vehicles; parts and services that comprise automotive repair and maintenance services, wholesale parts and collision services; and automotive finance and insurance products, which comprise vehicle services and other protection products, arranging finance for vehicle purchases through third-party finance sources.

TECO Energy, Inc. (NYSE:TE), ended its Wednesday’s trading session with 0.52% gain, and closed at $21.27.

While it is the long-standing policy of TECO Energy, Inc. (TE) not to confirm or deny market rumors, in response to media reports concerning a potential sale of the company, the company confirmed that it is exploring planned alternatives. TECO Energy has retained Morgan Stanley & Co. LLC to advise the company in connection with exploring such planned alternatives.

Given the preliminary nature of this exploration, neither the company nor any of its representatives will be providing any additional comments at this time. No assurance can be given that the company will determine to pursue a potential sale or enter into any definitive sale agreement. The company does not intend to make any further press release or declarement regarding these matters unless and until it enters into a binding, definitive agreement with respect to a sale.

TECO Energy, Inc., an electric and gas utility holding company, engages in the regulated electric and gas utility operations. It generates, purchases, transmits, distributes, and sells electric energy to retail customers, in addition to utilities and other resellers of electricity in West Central Florida; and has electric generating plants with a winter peak generating capacity of 4,668 megawatts.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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