On Wednesday, SolarWinds Inc (NYSE:SWI)’s shares declined -4.27% to $49.96.
SolarWinds Inc (SWI) declared the acquisition of Papertrail, a Cloud-based log administration company, for a cash purchase price of $41 million. This addition to the SolarWinds Cloud product family, joining the Pingdom® and Librato® offerings, represents the latest step in the company’s efforts to offer solutions to monitor and manage Cloud-based applications, websites and infrastructure. This new technology application will enable SolarWinds to extend and connect log administration capabilities from on-premise IT infrastructures to Cloud and SaaS-based environments.
SolarWinds, Inc., together with its auxiliaries, designs, develops, markets, sells, and supports enterprise-class information technology (IT) and infrastructure administration software to IT and DevOps professionals in various organizations worldwide.
Axiall Corp (NYSE:AXLL)’s shares dropped -4.11% to $41.53.
Axiall Corp (AXLL) declared that it will release its financial results for the first quarter of 2015 after the market closes on Tuesday, May 5.
The company will talk about first-quarter financial results and business developments via conference call and webcast on Wednesday, May 6, at 10 a.m. EDT.
Axiall Corporation manufactures and markets chemicals and building products in the United States and internationally. The company operates through three segments: Chlorovinyls, Building Products, and Aromatics.
At the end of Wednesday’s trade, Garmin Ltd. (NASDAQ:GRMN)‘s shares dipped -4.11% to $45.54.
Garmin Ltd. (GRMN) declared results for the quarter ended March 28, 2015.
Highlights in the quarter comprise:
- Total revenue of $585 million in the first quarter of 2015 with fitness, outdoor, aviation and marine delivering 63% of total revenue and collectively growing 9% over the year ago quarter
- The relative strength of the US Dollar contrast to other major currencies negatively influenced revenue by about $38 million, or 7%, in the first quarter of 2015
- Gross margin improved from the preceding year to 59% while operating margin remained strong at 19%
Garmin Ltd., together with its auxiliaries, designs, develops, manufactures, and markets hand-held, wrist-based, and portable and fixed-mount global positioning system (GPS) enabled products; and other navigation, communication, and information products worldwide.
Penn National Gaming, Inc (NASDAQ:PENN), ended its Wednesday’s trading session with -3.94% loss, and closed at $16.11.
Penn National Gaming, Inc (PENN) declared that it entered into a definitive agreement to acquire Tropicana Las Vegas Casino Hotel Resort from its shareholders, the largest of which is a partnership between Onex and Alex Yemenidjian, for $360 million. Penn National intends to fund the acquisition through an expansion of its existing credit facilities and cash on hand.
Penn National Gaming, Inc. owns and operates gaming and pari-mutuel properties. It operates through East/Midwest, West, and Southern Plains segments. The company is involved in gaming and racing operations.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.