On Wednesday, Shares of LogMeIn, Inc. (NASDAQ:LOGM), gained 12.78% to $66.11, hitting its highest level.
LogMeIn, declared its results for the first quarter ended March 31, 2015.
First quarter 2015 highlights comprise:
- Revenue was $61.1 million, up 25% contrast with the first quarter of 2014
- Adjusted EBITDA was $12.6 million and Adjusted EBITDA margin was 20.5% as compared to $9.9 million and 20.1% in the first quarter of 2014
- Non-GAAP net income was $8.5 million, or $0.33 per diluted share, as contrast to $5.5 million, or $0.22 per diluted share, in the first quarter of 2014
- GAAP net income was $372,000 or $0.01 per diluted share, as contrast to GAAP net income of $1.0 million, or $0.04 per diluted share, in the first quarter of 2014
- Cash flow from operations was $40.0 million, an enhance of 64% from $24.4 million in the first quarter of 2014 and 65% of revenue in the first quarter of 2015
- Total deferred revenue was $128.6 million, up 22% from $105.3 million in the fourth quarter of 2014
- The Company closed the quarter with cash, cash equivalents and short-term investments of $232.5 million.
LogMeIn, Inc. provides cloud-based services for individuals and businesses to securely connect to their workplace, colleagues, and customers. It offers services, such as join.me, join.me pro, and join.me enterprise that are browser-based online meetings and screen sharing services; Cubby Basic, Cubby Pro, and Cubby Enterprise that are cloud-based file syncing, storage, and sharing services; and LogMeIn Pro, a remote access service.
At the end of Wednesday’s trade, Shares of MDC Partners Inc. (NASDAQ:MDCA), jumped 8.22% to $21.86.
HL Group, declared the launch of HL Planned Solutions, the firm’s new division that specializes in corporate media relations, crisis administration and due diligence research. The new division will deepen HL Group’s expertise in planned corporate positioning and advisory. Chris Giglio, former head of HL Group’s corporate practice, has been named President of HL Planned Solutions and the new practice will be based in New York City.
HL Planned Solutions focuses on executive advisory, corporate communications and transaction research designed to elevate and/or protect a company’s leadership position or an individual’s credibility. Its expanded services comprises managing corporate communications for a variety of legal or sensitive matters such as executive transition, litigation support, public affairs, labor issues, restructurings, issues administration, market entry assessments and government investigations. It will also focus on public affairs and provide a research offering designed to support market entry and due diligence. HL Planned Solutions’ current client portfolio spans an assortment of industries, such as media, law, finance, retail, technology and real estate in addition to academic and philanthropic organizations.
HL Group is an MDC partner firm (MDCA), with offices in New York and Los Angeles.
MDC Partners Inc. provides marketing, activation and communications, and consulting solutions and services worldwide. It operates through two segments, Planned Marketing Services and Performance Marketing Services.
Denbury Resources Inc. (NYSE:DNR), ended its last trade with 7.97% gain, and closed at $8.81.
Denbury Resources, declared that its Board of Directors has declared a quarterly cash dividend of $0.0625 per common share, a rate of $0.25 per share on an annualized basis, payable June 30, 2015, to shareholders of record as of the close of business on May 26, 2015.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.
Finally, Oasis Petroleum Inc. (NYSE:OAS), closed at $17.45, with 7.92% gain, as some energy stocks get a boost from the rally in the price of oil.
The commodity traded in the green as weekly data from the Energy Information Administration showed that U.S. stockpiles grew less than predictable last week, and that inventories out of the Crushing, OK. oil hub declined for the first time since November.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The company’s principal projects are located in West Williston and East Nesson.
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