On Tuesday, Following Stocks were among the “Top 50 Losers” of U.S. Stock Market: Comstock Resources Inc. (NYSE:CRK), Avid Technology, Inc. (NASDAQ:AVID), RadNet, Inc. (NASDAQ:RDNT), Himax Technologies, Inc. (NASDAQ:HIMX)
Comstock Resources Inc. (NYSE:CRK), with shares declined -11.06%, closed at $3.62.
Avid Technology, Inc. (NASDAQ:AVID), with shares dropped -11.03%, settled at $12.66, hitting new 52-week low of $12.02.
RadNet, Inc. (NASDAQ:RDNT), with shares dipped -10.23%, and closed at $7.90.
Himax Technologies, Inc. (NASDAQ:HIMX), plummeted -9.77%, and closed at $6.74.
Latest NEWS regarding these Stocks are depicted underneath:
Comstock Resources Inc. (NYSE:CRK)
In a research report released on Tuesday morning, Comstock Resources Inc. (CRK), is downgraded to a sell rating, while it was on a neutral rating before. TheFlyOnTheWall.com reports.
Research firm Zacks has rated Comstock Resources (NYSE:CRK) and has ranked it at 3, indicating that for the short term the shares are a hold. 13 Wall Street analysts have given the corporation an average rating of 2.54. The counter has received a hold rating based on the suggestion from 8 analysts in latest recommendations. Investors should stay cautioned as 1 brokerage houses have given a strong sell on the shares. Strong buy was given by 4 Wall Street Analysts.
Formerly on March 4, the company declared pricing of $700 Million of 10% secured notes due 2020.
Comstock Resources, Inc., an independent energy corporation, attains, develops, explores, and produces oil and natural gas properties in the United States. Its oil and gas operations are primarily located in East Texas/North Louisiana and South Texas. The corporation owns interests in 1,596 producing oil and natural gas wells.
Avid Technology, Inc. (NASDAQ:AVID)
On Monday, Avid Technology, Inc. (AVID), declared that it has released fourth quarter 2014 results and filed its Form 10-K for the fiscal year ended December 31, 2014.
Fourth Quarter 2014 Highlights:
- Bookings of $153 million, up 2% year-on-year, highest bookings from ongoing operations since 2011,
- Free cash flow generation of $16 million, almost double Q4 2013, highest since 2012,
- Adjusted EBITDA of $14 million,
- Added over 2,000 new Media Composer subscribers in Q4, representing a 65% raise in users from Q3 2014,
- Non-GAAP operating expense improved 8% over Q4 2013,
- Non-GAAP Net Revenue of $8.0 million or $0.20 per share.
Full Year 2014 Highlights:
- Adjusted EBITDA of $72.3 million, at high-end of guidance
- Free cash flow generation of $12.7 million, more than double 2013
- Bookings stabilized in 2014 after declines in 2013 and 2012
- Over 20,000 users on the Media Central platform as of the end of 2014
- Non-GAAP operating expense improved 3% as contrast to 2013
- Non-GAAP Net Revenue of $51.1 million or $1.30 per share.
The Corporation’s financial guidance for fiscal year 2015 reflects:
- Adjusted EBITDA of $72 million to $78 million
- Annual bookings growth of 1% to 5% on constant dollar basis and based on recent exchange rates, stated growth could be 2 percentage points lower
- Free cash flow growth of $18 to $30 million or 42% to 136% year-on-year improvement
Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, administration, and distribution in the United States, the other Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
RadNet, Inc. (NASDAQ:RDNT)
On Monday, RadNet, Inc. (RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services through a network of 259 owned and/or operated outpatient imaging centers, stated financial results for its fourth quarter and full year ended December 31, 2014.
Financial Results:
Fourth Quarter Report:
For the fourth quarter of 2014, RadNet stated Proceed of $185.6 million, Adjusted EBITDA of $32.0 million and Net Revenue of $4.2 million. Proceed raised $7.2 million (or 4.0%), Adjusted EBITDA raised $150,000 (or 0.5%) and Net Revenue raised $3.0 million (or 238.3%) over the fourth quarter of 2013.
Net Revenue for the fourth quarter was $0.10 per diluted share, contrast to a Net Revenue of $0.03 per diluted share in the fourth quarter of 2013. These per share values are based upon a weighted average number of diluted shares outstanding of 44.2 million in the fourth quarter of 2014 and 39.6 million of diluted shares outstanding in the fourth quarter of 2013.
Affecting Net Revenue in the fourth quarter of 2014 were certain non-cash expenses and non-recurring items counting: $431,000 of non-cash employee stock compensation expense resulting from the vesting of certain options and restricted stock; $265,000 of severance paid in connection with headcount reductions related to cost savings initiatives; $468,000 gain on the disposal of certain capital equipment; and $1.3 million of amortization of deferred financing fees and discount on issuance of debt related to our existing credit facilities.
For the fourth quarter of 2014, as contrast with the preceding year’s fourth quarter, MRI volume raised 9.4%, CT volume raised 16.3% and PET/CT volume raised 3.9%. Overall volume, taking into account routine imaging exams, inclusive of x-ray, ultrasound, mammography and other exams, raised 10.5% over the preceding year’s fourth quarter. On a same-center basis, counting only those centers which were part of RadNet for both the fourth quarters of 2014 and 2013, MRI volume raised 7.1%, CT volume raised 14.1% and PET/CT volume raised 3.8%. Overall same-center volume, taking into account routine imaging exams, inclusive of x-ray, ultrasound, mammography and other exams, raised 7.3% over the preceding year’s same quarter.
RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging proceed. RadNet has a network of 259 owned and/or operated outpatient imaging centers. RadNet’s core markets comprise California, Maryland, Delaware, New Jersey, New York and Rhode Island.
Himax Technologies, Inc. (NASDAQ:HIMX)
Bank of America Merrill Lynch, downgraded Himax Technologies, Inc. (HIMX) stock from Buy to Sell, lowering its price target to $7.
Formerly on 13-Feb-15, Chardan Capital Markets, upgraded the stock from “Sell” to “Neutral”.
Himax Technologies, Inc., a fabless semiconductor corporation, provides display imaging processing technologies to consumer electronics worldwide. The corporation operates through Driver IC and Non-Driver Products segments.
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