On Thursday, Shares of Exelixis, Inc. (NASDAQ:EXEL), lost -6.81% to $5.88.
Exelixis declared the pricing of its underwritten public offering of 25,000,000 shares of newly issued common stock at a price to the public of $5.40 per share. The gross proceeds to Exelixis from this offering are predictable to be about $135 million, before deducting the underwriting discount and other estimated offering expenses payable by Exelixis. Exelixis also granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of its common stock. All of the shares are being sold by Exelixis.
Exelixis presently anticipates to use the net proceeds from the offerings for general corporate purposes, counting for clinical trials, build-out of commercial infrastructure, research and development, capital expenditures and working capital.
Cowen and Company, William Blair and Stifel are acting as bookrunners for the offering. The offering is being conducted by means of a prospectus supplement filed as part of a shelf registration statement formerly filed with the Securities and Exchange Commission (SEC) on Form S-3.
Exelixis, Inc., a biopharmaceutical company, develops and sells small molecule therapies for the treatment of cancer in the United States. The company offers COMETRIQ, an inhibitor of multiple receptor tyrosine kinases for the treatment of patients with progressive, metastatic medullary thyroid cancer.
Shares of Juniper Networks, Inc. (NYSE:JNPR), inclined 1.15% to $26.49, during its last trading session.
Juniper Networks stated preliminary financial results for the three months ended June 30, 2015 and offered its outlook for the three months ending Sept. 30, 2015.
Net revenues for the second quarter of 2015 were $1,222 million, a decrease of 1% year-over-year and an enhance of 15% sequentially.
Juniper’s operating margin for the second quarter of 2015 raised to 19.9% on a GAAP basis, a year-over-year enhance of 10.5 points and an enhance of 7.6 points sequentially. Non-GAAP operating margin for the second quarter of 2015 raised to 25.2%, an improvement of 2.9 points year-over-year and 6.7 points sequentially.
Juniper posted GAAP net income of $158.0 million, or $0.40 per diluted share for the second quarter of 2015, a decrease of 29% year-over-year and an enhance of 97% sequentially. Non-GAAP net income was $208.8 million, or $0.53 per diluted share for the second quarter of 2015, an enhance of 33% year-over-year and an enhance of 66% sequentially.
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; MX series Ethernet routers that functions as a universal edge platform; M series edge routers; PTX series packet transport routers; and T series routers.
Finally, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA), ended its last trade with -0.19% loss, and closed at $10.26.
Bancomer Transfer Services Inc. (BTS), the global money transfer services unit that is a part of BBVA’s U.S. operations, declared that Aurora Garza Hagan has been named its new chief executive officer.
Garza Hagan rose up through the ranks at BTS, which presently handles $10 billion out of the $60 billion in funds sent each year to Latin America, the largest remittances corridor in the world. She started in 2001 as a senior accounting analyst and has held various leadership positions, most recently as chief financial officer overseeing all aspects of finance, accounting, treasury administration, legal and risk. Before joining BTS, Garza Hagan held senior auditor positions at Ernst & Young and Continental Airlines.
Garza Hagan is taking over as CEO following the departure of Moises Jaimes. She will report to new BTS Chairman Gabriel Palafox. Her appointment is effective right away and she will be based in Houston.
A graduate of The University of Texas at Austin, Garza Hagan earned a bachelor’s degree in business administration and is also a certified public accountant in the state of Texas.
Banco Bilbao Vizcaya Argentaria, S.A. engages in the retail banking, wholesale banking, asset administration, and private banking businesses primarily in Spain, Eurasia, Mexico, South America, and the United States.
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