During Wednesday’s Current trade, Shares of Sunedison Semiconductor Ltd (NASDAQ:SEMI), lost -3.69% to $13.16.
SunEdison Semiconductor Limited (SEMI) stated financial results for the second quarter ended June 30, 2015.
Highlights:
- Revenue grew sequentially on higher volume, flat pricing
- Gross profit dollars and margin were up sequentially
- SOI grew sequentially and demand remains strong
- Signed long-term polysilicon supply agreement with SunEdison
SunEdison Semiconductor Limited develops, manufactures, and sells silicon wafers for the semiconductor industry in the United States and internationally. The company provides polished wafers for various applications, counting memory, analog, radio frequency (RF) devices, digital signal processors, and power devices; EPI wafers that enhance the reliability and decrease the power consumption of semiconductor devices in mobile device and cloud infrastructure applications; and SOI wafers, which enhance switching speeds and the performance of RF devices, such as power amplifiers, switches, and sensors.
Shares of Spherix Inc (NASDAQ:SPEX), declined -4.03% to $0.278, during its current trading session.
Spherix Incorporated (SPEX) an intellectual property development company committed to the fostering and monetization of intellectual property, offered an update on the Company’s case involving the company’s wholly owned partner, NNPT, LLC (“NNPT”), against Huawei Device USA Inc., Huawei Technologies USA Inc., Huawei Technologies Cooperatif U.A. and Futurewei Technologies, Inc. (collectively “Huawei”). Following the Markman hearing held on August 5, 2015, the Court issued its Markman Order on August 17, 2015 stating how the key claim terms within the patents-in-suit should be construed.
On the day of the hearing, in accordance with the Court’s standard procedure, the Court offered the parties with its preliminary claim constructions of the 20 claim phrases in dispute. The Court then asked the parties whether they would like to offer argument to rebut the Court’s preliminary constructions. Spherix accepted all of the Court’s preliminary constructions and opted not to provide additional argument. Huawei offered argument attempting to rebut four of the Court’s preliminary constructions, which relate to only two of the five patents at issue in the case.
Spherix Incorporated operates as an intellectual property company that owns, develops, acquires, and monetizes patented and unpatented intellectual properties. The company owns about 330 patents and patent applications. Its patent portfolio comprises the U.S. and foreign patents and pending patent applications in the wireless communications and telecommunication sectors, counting data, optical and voice technology, antenna technology, Wi-Fi, base station functionality, and cellular, in addition to patents related to artificial sweetener and prescription refill technology.
Zoe’s Kitchen Inc (NYSE:ZOES), during its Wednesday’s current trading session decreased 1.93% to $39.05.
Zoe’s Kitchen Inc (ZOES) stated financial results for the sixteen weeks ended April 20, 2015.
Highlights for the sixteen weeks ended April 20, 2015, as contrast to the sixteen weeks ended April 21, 2014:
- Total revenue raised 36.2% to $63.0 million.
- Comparable restaurant sales raised 7.7%.
- Opened 12 Company-owned restaurants.
- Restaurant contribution raised 46.2% to $13.7 million.
- Adjusted EBITDA* raised 76.8% to $6.8 million.
- Net income was $0.7 million, or $0.04 per diluted share, contrast to net loss of $10.0 million, or $0.76 per diluted share.
- Adjusted net income* was $0.8 million, or $0.04 per diluted share, contrast to adjusted net loss of $0.4 million or $0.02 per diluted share.
First Quarter 2015 Financial Results
Total revenue, which comprises restaurant sales from Company-owned restaurants and royalty fees, raised 36.2% to $63.0 million in the sixteen weeks ended April 20, 2015, from $46.3 million in the sixteen weeks ended April 21, 2014. Restaurant sales for the sixteen weeks ended April 20, 2015 were $62.9 million, an enhance of 36.5% from $46.1 million in the sixteen weeks ended April 21, 2014.
Comparable restaurant sales raised 7.7% during the sixteen weeks ended April 20, 2015, comprising of a 3.7% enhance in transactions and a 2.8% enhance in product mix, combined with a 1.2% enhance in price. The comparable restaurant base comprises those restaurants open for 18 periods or longer and comprised of 94 restaurants as of April 20, 2015.
Zoe’s Kitchen, Inc., through its auxiliaries, develops and operates fast casual Mediterranean cuisine restaurants in the United States. The company operates a range of restaurant formats, counting in-line, end-cap, and free-standing restaurants.
Finally, Fortinet Inc (NASDAQ:FTNT), decreased -0.90%, to $47.32.
Fortinet (FTNT), the global leader in high-performance cyber security solutions, unveiled its new Cyber Threat Assessment program designed to provide organizations a detailed look into the type and number of cyber threats posing risks to their netoperates, yet are going undetected by their existing security solutions. This new offering is part of a broader effort by Fortinet and its FortiGuard Labs threat research team to integrate risk and advisory capabilities with its end-to-end security platform to provide customers greater insight into dynamically changing cyber risks that threaten their businesses.
Program Uncovers Unknown Risks, Provides Immediate Mitigation Strategies
Fortinet, in partnershipwith a number of key partners, is offering its threat assessment program to organizations free-of-charge. Through the assessment process, the FortiGate high-performance next generation firewall will be installed within the customer network, where it monitors the application traffic traversing the network for intrusions, malware and malicious applications that could collectively cause massive risk to the network, giving attackers access to a company’s most sensitive files and database information. At the end of the data collection period, a detailed ‘Risk Assessment Report’ will be generated, using FortiAnalyzer, that provides an analysis of the application traffic, user productivity, network utilization, the overall security risk, and the related business risk, in addition to detailed, actionable mitigation recommendations.
Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The company offers FortiGate physical and virtual appliances products that provide various integrated security and networking functions to protect data, applications, and users from network- and content-level security threats; FortiManager product family to manage the system configuration and security functions of multiple FortiGate devices from a centralized console; and the FortiAnalyzer product family, which enables the collection, analysis, and archiving of content and log data generated by its products. It also offers FortiAP secure wireless access points; FortiWeb that provides security for Web-based applications; FortiMail for multi-featured messaging security; FortiDB for centrally managed database-specific security; FortiClient, an endpoint security product for desktops, laptops, and mobile devices; FortiScan for endpoint vulnerability assessment and remediation; and FortiSwitch Ethernet switches.
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