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Thursday 20 August 2015
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Latest Update

Current Trade News Alert on: Splunk (NASDAQ:SPLK), Silicon Motion Technology (NASDAQ:SIMO), Euronav NV Ordinary Shares(NYSE:EURN), Corporate Office Properties Trust(NYSE:OFC)

During Wednesday’s Current trade, Shares of Splunk Inc (NASDAQ:SPLK), lost -0.83% to $69.34.

Splunk Inc. (SPLK), provider of the leading software platform for real-time Operational Intelligence, will report results for its fiscal second quarter ended July 31, 2015 on Thursday, August 27, 2015. The results will be comprised of in a press release with accompanying financial information that will be released after market close and posted on the Splunk Investor Relations website.

Splunk, Inc. provides software products that enable organizations to gain real-time operational intelligence in the United States and internationally. The company’s products enable users to collect, index, search, explore, monitor, and analyze data regardless of format or source users. It offers Splunk Enterprise, a machine data engine with collection, indexing, search, reporting analysis, alerting, monitoring, and data administration capabilities; and Splunk Cloud service.

Shares of Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO), declined -1.18% to $22.87, during its current trading session.

Silicon Motion Technology Corporation (SIMO)(“Silicon Motion” or the “Company”), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, declares that based upon its preliminary second quarter financial results, revenue is predictable to enhance 7% to 9% sequentially, at the upper half of its original guidance range of a sequential enhance of 5% to 10% that the company issued on April 28, 2015. Gross margin (non-GAAP) is predictable to be near the mid-point of the company’s original guidance range of 50 to 52%.

Silicon Motion Technology Corporation, a fabless semiconductor company, designs, develops, and markets semiconductor solutions worldwide. It offers mobile storage products, such as microcontrollers used in solid state storage devices comprising solid state drives, eMMCs, and other embedded flash applications, in addition to removable storage products, counting flash memory card controllers and USB flash drive controllers; and mobile communications products, such as mobile TV SoCs and handset transceivers. The company’s products are used in smartphones, tablets, digital cameras, notebooks, desktop PCs, and industrial and commercial applications.

Euronav NV Ordinary Shares (NYSE:EURN), during its Wednesday’s current trading session decreased -2.15% to $13.64.

Euronav NV (EURN) (“Euronav” or the “Company”) recently stated its preliminary financial results for the three months ended 30 June 2015 and for the 6 months ended 30 June 2015.

For the second quarter 2015, the Company had a net result of USD 92.4 million or USD 0.58 per share (second quarter 2014: minus USD 22.6 million and minus USD 0.19 per share). EBITDA (a non-IFRS measure) for the same period was USD 142.3 million (second quarter 2014: USD 22.1 million).

Euronav has applied the accounting standards IFRS 10 and IFRS 11 as of 1 January 2014. If the Company would have continued to apply the proportionate consolidation method for its joint ventures for the first half of 2015, the adjusted EBITDA (a non-IFRS measure) would have been USD 316.1 million (first half 2014: USD 108.5 million) and the result after taxation would have remained the same.

Euronav NV, together with its auxiliaries, owns, operates, and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments: Tankers; and Floating Production, Storage, and Offloading/Floating, Storage, and Offloading (FPSO/FSO). As of April 27, 2015, it owned and operated a fleet of 53 double hulled vessels, counting 1 ultra large crude carrier; 2 floating, storage, and offloading (FSO) vessels; 27 very large crude carriers; and 23 suezmaxes.

Finally, Corporate Office Properties Trust (NYSE:OFC), decreased -1.31%, to $23.30.

Corporate Office Properties Trust (OFC) has agreed to acquire 100 Light Street and its 560-space structured parking garage, 30 Light Street (together, “100 Light” or the “Transamerica Building”) in downtown Baltimore for $121.0 million. The 37-story office building contains 549,300 rentable square feet and, at June 30, 2015, was 94% leased to credit-worthy tenants, the largest three of which are Transamerica Life Insurance Company (28% of the building), Miles & Stockbridge (21%) and Ober | Kaler (17%). Located at the corner of Light and Pratt Streets – “Main & Main” in the Pratt Street Corridor – 100 Light is the tallest building in the state of Maryland.

The Company is under contract to acquire 100 Light from Lexington Realty Trust (LXP) and anticipates to complete the transaction in August of this year. The $121.0 million purchase price comprises COPT assuming the property’s $55.0 million mortgage loan, which bears interest at a fixed rate of 4.32% and matures in June 2023.

Corporate Office Properties Trust, a real estate investment trust (REIT), engages in the acquisition, development, ownership, administration, and leasing of suburban office properties. As of December 31, 2005, the company’s portfolio comprised of 165 office properties; 14 wholly owned office properties under construction or development; and land parcels totaling 311 acres.

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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.

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