On Tuesday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: Sonus Networks, Inc. (NASDAQ:SONS), China Finance Online Co., Ltd. (NASDAQ:JRJC), Hercules Offshore, Inc. (NASDAQ:HERO), CyberArk Software, Ltd. (NASDAQ:CYBR)
Sonus Networks, Inc. (NASDAQ:SONS), with shares declined -33.89%, closed at $8.70
China Finance Online Co., Ltd. (NASDAQ:JRJC), with shares dropped -26.01%, settled at $4.58.
Hercules Offshore, Inc. (NASDAQ:HERO), with shares dipped -3.44%, and closed at $0.435.
CyberArk Software, Ltd. (NASDAQ:CYBR), plummeted -3.35%, and closed at $53.05.
Latest NEWS regarding these Stocks are depicted underneath:
Sonus Networks, Inc. (NASDAQ:SONS)
Sonus Networks, Inc. (SONS), declared that it is updating its previous guidance. The Corporation has also initiated a corporation-wide review of its cost structure to assist ensure that it is well-positioned to continue investing in its technology development and growth initiatives, while also driving positive financial returns. The Corporation no longer anticipates to receive certain orders this quarter that had been predictable to be received at the back end of the first quarter, and believes its planned cost reduction initiatives will assist better align the Corporation’s cost structure in light of these longer decision cycles. The Corporation anticipates to declare the results of this cost reduction review when it reports its financial results for the first quarter on April 22, 2015.
For the first quarter ending March 27, 2015, proceed is now predictable to be in the range of $47 million to $50 million contrast to previous guidance of $74 million. First quarter non-GAAP loss per share is predictable to be in the range of $0.29 to $0.34 contrast to previous guidance of non-GAAP diluted earnings per share of $0.03. The Corporation presently anticipates that proceed for the full year will be up to 25% below the midpoint of its previous annual guidance of $326 million to $330 million. The Corporation anticipates to continue to benefit from a strong balance sheet with at least $100 million in cash and marketable securities and no debt at the end of the first quarter. The Corporation will provide further details on its recent performance and will update its outlook for the remainder of the year when it declares its first quarter results.
First Quarter 2015 Results Conference Call Details:
Date: April 22, 2015, Time: 8:30 a.m. (ET), Dial-in number: 800 736 4594, International Callers: +1 212 231 2918.
The company has market capitalization of 430.05M, and it is expected that the company will release its next earnings between Apr 22 - Apr 27. This week, analyst mean recommendation for this stock is 2.0. (where 1=Buy & 5=Sell).
Sonus Networks, Inc. provides networked solutions for communications service providers and enterprises. Its products comprise session border controllers (SBC) that address the network requirements for small, medium, and large businesses, in addition to for communications service providers; and open services switches for converting various types of voice signals into Internet protocol (IP) packets and transmitting those IP packets over a data network.
China Finance Online Co., Ltd. (NASDAQ:JRJC)
China Finance Online Co., Ltd. (JRJC), a leading web-based financial services corporation that provides Chinese retail investors with online access to securities and commodities trading, wealth administration products, investment advisory services, in addition to financial database and analytics services to institutional customers, declared its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014.
Fourth Quarter 2014 Financial Results:
- Net proceeds for the fourth quarter of 2014 were $18.8 million, a decrease of 29% from $26.5 million for the corresponding period in 2013. The Corporation’s net proceeds are categorized under: (a) proceeds from financial services, which comprise brokerage-related and precious metals trading services; (b) proceeds from financial information and advisory business, which comprise subscription services from individual and institutional customers; and (c) proceeds from advertising services. During the fourth quarter of 2014, proceeds from financial services, financial information and advisory business and advertising services contributed 71%, 13% and 15% of our net proceeds, respectively, contrast with 77%, 11%, and 9%, respectively, for the corresponding period in 2013.
- Proceeds from financial services were $13.3 million, a decrease of 35% from $20.4 million in the fourth quarter of 2013 and a decrease of 22% from $17.1 million in the third quarter of 2014. Proceeds from financial information and advisory business were $2.5 million, a decrease of 16% from $2.9 million in the fourth quarter of 2013 and an raise of 8% from $2.3 million in the third quarter of 2014. Proceeds from advertising were $2.9 million, an raise of 17% from $2.5 million in the fourth quarter of 2013 and an raise of 63% from $1.8 million in the third quarter of 2014.
- Gross profit was $14.4 million, a decrease of 35% from $22.0 million in the fourth quarter of 2013 and a decrease of 10% from $16.0 million in the third quarter of 2014. Gross margin in the fourth quarter for 2014 was 77% contrast with 83% in the fourth quarter for 2013 and 76% in the third quarter for 2014.
- General and administrative (“G&A”) expenses were $3.3 million, a decrease of 36% from $5.3 million in the fourth quarter of 2013, primarily due to a reduced share-based compensation expenses, and a decrease of 48% from $6.4 million in the third quarter for 2014.
- Sales and marketing (“S&M”) expenses were $9.7 million, a decrease of 38% from $15.5 million in the fourth quarter of 2013, primarily due to lower marketing expenses and sales commissions, and an raise of 6% from $9.1 million in the third quarter for 2014.
- Research and development (“R&D”) expenses were $3.4 million, an raise of 52% from $2.2 million in the fourth quarter of 2013 and an raise of 29% from $2.6 million in the third quarter for 2014. The Corporation anticipates to continue to invest in its data, product and technical capabilities to achieve the Corporation’s long term planned plan.
- Loss from operations was $1.8 million, contrast with $1.0 million in the fourth quarter of 2013 and $1.9 million in the third quarter of 2014.
- Net revenue attributable to China Finance Online was $3.6 million, an raise of 95% from $1.9 million in the fourth quarter of 2013, contrast to a net loss of $2.4 million in the third quarter of 2014.
- Fully diluted earnings per ADS was $0.14 for the fourth quarter of 2014, contrast with $0.08 for the fourth quarter of 2013. Basic and diluted weighted average number of ADS for the fourth quarter of 2014 were 21.9 million and 25.0 million, respectively. Each ADS represents five ordinary shares of the Corporation.
Fiscal Year 2014 Financial Results:
- Net proceeds for the fiscal year of 2014 were $83.7 million, an raise of 59% from $52.7 million for 2013.
- Gross profit was $63.3 million, an raise of 50% from $42.2 million for 2013. Gross margin in 2014 was 76% contrast with 80% for 2013.
- Net loss attributable to China Finance Online was $7.2 million, contrast with $8.6 million for 2013.
- As of December 31, 2014, total cash and cash equivalents were $32.5 million, contrast with $25.3 million as of September 30, 2014, and $36.4 million as of December 31, 2013.
- Total shareholders’ equity of China Finance Online was $64.6 million as of December 31, 2014.
China Finance Online Co., Limited provides integrated financial information and services in the People’s Republic of China and Hong Kong. The corporation operates through three segments: Precious Metals Trading Services; Online Financial Information and Advisory Service, and Other Related Services; and Hong Kong Brokerage Services.
Hercules Offshore, Inc. (NASDAQ:HERO)
Hercules Offshore, Inc. (HERO), has market capitalization of 69.99M, and it is expected that the company will release its next earnings between Apr 21 - Apr 27. This week, analyst mean recommendation for this stock is 3.1. (where 1=Buy & 5=Sell).
On Monday, the company declared that it has published the March Fleet Status Report. The Report comprises the Hercules Offshore Rig Fleet Status (as of March 23, 2015), which contains detailed contract information for each of the Corporation’s drilling rigs. The Report also comprises the Hercules Offshore Liftboat Fleet Status Report, which contains information by liftboat class for February 2015, counting proceed per day and operating days.
Hercules Offshore, Inc., together with its auxiliaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.
CyberArk Software, Ltd. (NASDAQ:CYBR)
Formerly on March 11, CyberArk Software, Ltd. (CYBR), the corporation that protects organizations from cyber attacks that have made their way inside the network perimeter, declared the pricing of a registered secondary public offering of 4,000,000 ordinary shares at a price of $51.00 per share. The underwriters have a 30-day option to purchase up to an additional 600,000 ordinary shares at the public offering price. All of the shares are being sold by CyberArk’s shareholders. The Corporation will not receive any proceeds from the sale of these shares. The offering is closed on March 17, 2015, subject to customary closing conditions.
Goldman, Sachs & Co. and Deutsche Bank Securities Inc. were acting as joint book-running managers and as representatives of the underwriters in the offering. Barclays Capital Inc. and BofA Merrill Lynch were acting as book-running managers in the offering. William Blair & Corporation, L.L.C., Nomura Securities International, Inc. and Oppenheimer & Co. Inc. were acting as co-managers in the offering.
CyberArk Software Ltd. develops, markets, and sells software-based IT security solutions that protect organizations from cyber attacks in the United States and internationally. The corporation offers privileged account security solution to secure, manage, and monitor privileged account access and activities.
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