On Monday, U.S stock had been hammered in its earlier trade following the Institute for Supply Administration alleged its manufacturing purchasing managers index dropped down to a seasonally adjusted 53.5 in January. The reading was below an expected 54.3 and down from 55.1 in December.
Later during midmorning trading session, U.S. stocks climbed, shaking of prior losses followed by data that demonstrates slowing activity in the U.S. manufacturing sector.
Headlines From Technology Sector:
Recently, CollabRx, Inc (NASDAQ:CLRX), skyrocketed 37.00% and is now trading at $1.37, following the news that CollabRx and Medytox Solutions, Inc. (MMMS), have reached a non-binding letter of intent to negotiate a potential business combination. Moreover, CollabRx and Medytox declared that they have reached contracts that would secure funding needed by CollabRx to persist to operate while the parties negotiate a potential business combination. The potential business combination is subject to, among other things, due diligence, the implementation of a definitive contract, necessary Board of Directors and stockholder approvals and other customary conditions.
CollabRx Inc (CLRX), provides cloud-based expert systems to inform healthcare decision-making. The company’s cloud-based expert systems provide clinical knowledge to institutions, physicians, researchers, and patients for genomics-based medicine in cancer.
Following technology shares are also inclining during their recent trade, and their comprehensive data (along with news and profile) is described as under:
Blonder Tongue Labs, Inc (NYSEMKT:BDR) inclined 11.38% and is now trading at $1.86, as a technology-development and manufacturing company, declared that the Company’s HDE-8C-QAM w/Opt 2 encoder is now accepted for use in high definition (HD) deployments over coax infrastructure by a major US satellite digital television provider. The reliability, superior video quality, and feature set provided by the HDE-8C-QAM w/Opt 2 encoder (#6370-2), will enable operators to cost-effectively deliver HD video content in certain institutional markets.
Blonder Tongue Labs, (BDR), operates as a technology-development and manufacturing company in the United States. The organization delivers television (TV) signal encoding, transcoding, digital transport, and broadband product solutions for a range of applications.
Advanced Photonix, Inc. (NYSEMKT:API), enhanced 32.21% and is now trading at $0.440, after declaration from Luna Innovations Incorporated (LUNA) and Advanced Photonix, Inc. (NYSE MKT: API) that their agreement to merge. The combined organization, which will keep the Luna name and be headquartered in Roanoke, Va., will provide greater capability across a broader market base, with a strong balance sheet and potential operating synergies. The merged company will have pro forma combined income for the 12 months ended September 30, 2014 of about $49.9 million, contrast to Luna’s historical incomes of $20.0 million for the 12 months ended September 30, 2014.
Advanced Photonix, (API), develops, manufactures, and sells optoelectronic devices, and value-added sub-systems and systems to various original equipment manufacturers primarily in North America, Asia, Europe, and Australia.
Clearfield, Inc (NASDAQ:CLFD), raised 10.36% and is now trading at $13.00, soon after Clearfield recently declared results for its first quarter of fiscal year 2015, which ended December 31, 2014. Income for the first quarter 2015 was $13,987,000 in comparison to $16,148,000 for the first quarter 2014, a decrease of 13%. Gross profit was $5,743,000 for the first quarter of 2015, in comparison to $6,938,000 for the first quarter of 2014, a decrease of 17%.
Clearfield (CLFD), manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises (FTTP), large enterprises, and original equipment manufacturers markets in the United States.
SolarCity Corp. (NASDAQ:SCTY), increased 7.51% and is now trading at $52.25,as SolarCity declared that it will issue its fourth quarter and full year 2014 earnings report after the market’s close on Wednesday, February 18, 2015. A conference call has been planned to talk about these results at 2:00 p.m. (Pacific Time).
SolarCity Corp (SCTY), designs, installs, and sells or leases solar energy systems to residential and commercial customers, and government entities in the United States.
