On Friday, Shares of Cepheid (NASDAQ:CPHD), gained 10.64% to $58.97.
Cepheid, stated revenue for the first quarter of 2015 of $132.6 million, representing growth of 24% from $106.9 million for the first quarter of 2014. Net income was $0.9 million, or $0.01 per share, which compares to net loss of $(9.3) million, or $(0.13) per share, in the first quarter of 2014.
Not taking into account stock-based compensation expense, amortization of debt discount and transaction costs, and amortization of purchased intangible assets, non-GAAP net income for the first quarter of 2015 was $12.4 million, or $0.17 per share. This compares to a non-GAAP net loss of $(0.6) million, or $(0.01) per share, in the first quarter of 2014.
- Commercial Clinical sales were $109.0 million and sales to High Burden Developing Countries (HBDC) were $16.3 million.
- During the quarter, Cepheid installed a total of 163 GeneXpert systems in its commercial Clinical business. Additionally, the Company placed a total of 133 GeneXpert systems as part of its HBDC program. Counting HBDC sales, a cumulative total of 8,321 GeneXpert systems have been placed worldwide as of March 31, 2015.
- GAAP gross margin on sales was 54% and non-GAAP gross margin on sales was 55%, which compares to 50% and 51%, respectively, in the first quarter of 2014.
- Cash, cash equivalents and investments were $373.3 million as of March 31, 2015.
- DSO was 51 days.
Cepheid, a molecular diagnostics company, develops, manufactures, and markets integrated systems for testing in the clinical market and non-clinical markets. Its systems enable molecular testing for organisms and genetic-based diseases by automating manual laboratory procedures.
Shares of Microsoft Corporation (NASDAQ:MSFT), surged 10.45% to $47.87, during its last trading session.
Microsoft Corporation, declared that fiscal year 2015 third-quarter financial results are accessible on its investor relations website.
On April 22, EY declared a planned business relationship with Microsoft Corp. (MSFT) to deliver new and innovative services through their digital-age strengths to companies around the world. The services will utilize EY’s practices in analytics, cyber security, digital enterprise strategy, digital and emerging technology enablement, people services, and program administration to deliver new offerings using Microsoft’s cloud and data platforms. The aim is to assist customers remove barriers to digital adoption, improve employee experience at work, and maximize companies’ return on their investment in digital technologies.
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
At the end of Friday’s trade, Shares of Hawaiian Holdings Inc. (NASDAQ:HA), jumped 9.77% to $23.60.
Hawaiian Holdings, stated its financial results for the first quarter of 2015.
- GAAP net income of $25.9 million or $0.40 per diluted share.
- Adjusted net income, reflecting economic fuel expense and not taking into account loss on extinguishment of debt, of $24.7 million or $0.38 per diluted share, an enhance of $25.6 million or $0.40 cents per diluted share year-over-year.
- Adjusted pre-tax margin of 7.4% contrast to (0.2)% in the preceding year period.
- Unrestricted cash, cash equivalents and short-term investments of $488 million.
- Lowered leverage ratio to 3.6x.
- The board of directors approved a share repurchase program authorizing the Company to buy back up to $100 million of its common stock.
Hawaiian Holdings, Inc., through its partner, Hawaiian Airlines, Inc., engages in the planned air transportation of passengers and cargo. It offers daily services on North America routes between the state of Hawaii and Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California.
Finally, Juniper Networks, Inc. (NYSE:JNPR), ended its last trade with 8.92% gain, and closed at $26.14, hitting its highest level.
According to Bloomberg, Juniper Networks, reached their highest level in a year, after the maker of Internet routing equipment beat estimates for sales and issued a bullish forecast.
First-quarter earnings not taking into account certain costs were 32 cents a share, on sales of $1.07 billion, the Sunnyvale, California-based company said in a statement of preliminary results Thursday. Analysts on average predictable profit of 31 cents a share on sales of $1.05 billion, according to data compiled by Bloomberg.
Juniper Networks, Inc. designs, develops, and sells high-performance network products and services worldwide. It provides various routing products, counting ACX series universal access routers to deploy new high-bandwidth services.
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