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Home » Business & Finance » Downtrend Stocks to Watch - Midstates Petroleum Company, Inc. (NYSE:MPO), Sonus Networks, Inc. (NASDAQ:SONS), Regado Biosciences, Inc. (NASDAQ:RGDO), Castlight Health, Inc. (NYSE:CSLT)
Downtrend Stocks to Watch – Midstates Petroleum Company, Inc. (NYSE:MPO), Sonus Networks, Inc. (NASDAQ:SONS), Regado Biosciences, Inc. (NASDAQ:RGDO), Castlight Health, Inc. (NYSE:CSLT)

Downtrend Stocks to Watch - Midstates Petroleum Company, Inc. (NYSE:MPO), Sonus Networks, Inc. (NASDAQ:SONS), Regado Biosciences, Inc. (NASDAQ:RGDO), Castlight Health, Inc. (NYSE:CSLT)

March 23, 2015 12:13 pm by: Category: Business & Finance Leave a comment A+ / A-

On Friday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: Midstates Petroleum Company, Inc. (NYSE:MPO), Sonus Networks, Inc. (NASDAQ:SONS), Regado Biosciences, Inc. (NASDAQ:RGDO), Castlight Health, Inc. (NYSE:CSLT)

Midstates Petroleum Company, Inc. (NYSE:MPO), with shares declined -6.04%, closed at $0.85.

Networks, Inc. (NASDAQ:SONS), with shares dropped -6.02%, settled at $14.44.

Regado Biosciences, Inc. (NASDAQ:RGDO), with shares dipped -6%, and closed at $1.41.

Castlight Health, Inc. (NYSE:CSLT), plummeted -5.97%, and closed at $8.82.

Latest NEWS regarding these Stocks are depicted underneath:

Midstates Petroleum Company, Inc. (NYSE:MPO)

Last Monday, Midstates Petroleum Corporation, Inc. (MPO), declared its financial and operating results for the three months and full year ended December 31, 2014 in addition to year-end 2014 proved reserves and related costs, and revealed its 2015 guidance for capital expenditures, production and Adjusted EBITDA.

Fourth Quarter and Other Highlights:

  • Achieved Adjusted EBITDA before attainment and transaction costs of $112.1 million and $478.2 million for the fourth quarter of 2014 and full year, respectively.
  • Generated Adjusted Net Revenue of $12.7 million, or $0.19 per ordinary share, contrast with Adjusted Net Revenue of $5.0 million, or $0.08 per ordinary share in the fourth quarter of 2013 and Adjusted Net Revenue of $19.3 million, or $0.29 per ordinary share in the third quarter of 2014. Full year Adjusted Net Revenue was $53.5 million.
  • Raised average production in the Mississippian Lime to a record high of 25,039 barrels of oil equivalent (Boe) per day in the fourth quarter, up 5% from 23,834 Boe per day in the third quarter of 2014. Full year production from the area grew 66% to 21,518 Boe per day from 12,985 Boe per day in 2013.
  • Stated total Corporation production of 33,764 Boe per day in the fourth quarter, essentially flat with 33,799 Boe per day in the third quarter of 2014, despite a decrease in active rig count. Full year 2014 production rose 34% to 32,137 Boe per day from 23,926 Boe per day in 2013. Not including Pine Prairie production in both 2014 and 2013, full year 2014 production rose 54% to 31,511 Boe per day from 20,473 Boe per day in 2013.
  • Grew year-end 2014 proved reserves in the Mississippian Lime to 139 million Boe (MMBoe), up 105% from 68 MMBoe at year-end 2013 due to a successful drilling program that replaced 1,003% of 2014 production in the area.
  • Revised 2014 Mississippian Lime proved undeveloped (PUD) type curve upward by about 25% to 512 thousand Boe (MBoe) of estimated ultimate recovery (EUR).
  • Executed a purchase and sale contract (PSA) in March 2015 for its remaining Louisiana producing properties in the Dequincy area for $44 million, which is predictable to close in April 2015.
  • Implemented a 2015 capital budget of $250 to $275 million with a four rig drilling program focused solely in the Mississippian Lime.
  • Offered 2015 annual production guidance of 30,000 to 33,000 Boe per day and 2015 Adjusted EBITDA guidance of $350 to $380 million.
  • Stated liquidity on December 31, 2014 of $101 million comprised of $11 million in cash and $90 million of availability on its $525 million revolving credit facility.

Midstates Petroleum Corporation, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focuses on oilfields in the Mississippian Lime trend in northwestern Oklahoma; the Anadarko Basin in Texas and Oklahoma; and the Upper Gulf Coast Tertiary trend in central Louisiana. The corporation was founded in 1993 and is headquartered in Tulsa, Oklahoma.

Sonus Networks, Inc. (NASDAQ:SONS)

Sonus Networks, Inc. (SONS), a global leader in enabling and securing real-time communications, declared the launch of Sonus IQ for Skype for Business. Sonus IQ is an intelligent, scalable, vendor agnostic solution architected to enable and secure Microsoft Skype for Business Enterprise Voice deployments—whether Office 365, hybrid or on-premise.

With the evolution of Microsoft Lync to Skype for Business, current Lync customers will be able to migrate from Lync Server 2013 to Skype for Business Server 2015. Sonus—a Microsoft Gold Communications Partner with the industry’s broadest portfolio of Lync-qualified Session Border Controllers (SBCs)—is collaborating with Microsoft on continued interoperability testing to enable and secure real-time communications in Skype for Business deployments.

Sonus IQ minimizes costs and raises productivity during migration of third-party PBXs to Skype for Business Enterprise Voice. In addition, Sonus IQ provides full network investment protection to give customers the versatility to deploy Skype for Business Enterprise Voice using existing SIP contracts with best-of-breed platforms and server suppliers, on current infrastructure or in a virtualized setting. Sonus IQ delivers secure SIP connectivity for voice and video, giving small and medium businesses the option to adjust session capacity as they transition to Skype for Business Enterprise Voice (through a hosted Cloud provider or Office 365). Integrated dial plan and enterprise-wide administration features of Sonus IQ also give large enterprises the opportunity to decrease costs and raise reliability of on-premise voice solutions.

Sonus will continue to deliver with Sonus IQ for Skype for Business the same trusted, no-compromise performance and reliability in Skype for Business deployments that it has delivered for Microsoft Lync Enterprise Voice. Sonus was the first vendor to:

  • Wirelessly enable Microsoft Lync presence survivability in the event of WAN loss.
  • Allow customers to dynamically monitor accessible bandwidth over the back-up link and direct calls over either the PSTN or, depending on bandwidth availability, a 3G/4G, DSL or other alternate connection.
  • Natively enable SBCs to conduct quality monitoring for an entire Microsoft Lync call, allowing network engineers to proactively monitor and troubleshoot quality of experience issues for the whole call flow.

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.

Regado Biosciences, Inc. (NASDAQ:RGDO)

On January 14, 2015, Tobira and Regado Biosciences, Inc. (RGDO), reached a merger contract that is predictable to close in the second quarter of 2015. Tobira Therapeutics, Inc., a clinical-stage biopharmaceutical corporation focused on the development and commercialization of novel treatments for liver and inflammatory diseases, declared that it presented at the “Industry Colloquium: Novel Targets and Therapies in Liver Disease” a conference organized by the American Association for the Study of Liver Disease (AASLD).

Tobira is a clinical-stage biopharmaceutical corporation focused on the development and commercialization of therapies to treat liver disease, inflammation, fibrosis and HIV-1.

Regado Biosciences, Inc., a biopharmaceutical corporation, focuses on the discovery and development of antithrombotic drug systems for acute and sub-acute cardiovascular and other indications.

Castlight Health, Inc. (NYSE:CSLT)

Formerly on March 12, Castlight Health, Inc. (CSLT), declared that the Association of California Water Agencies Joint Powers Insurance Authority (ACWA/JPIA) has selected Castlight’s Enterprise Healthcare Cloud software platform to assist the organization plannedally manage its healthcare investment on behalf of almost 300 member agencies. Individuals who receive healthcare benefits from ACWA/JPIA will now be able to make more informed medical choices using Castlight.

Castlight’s contract with ACWA/JPIA expands Castlight’s already impressive roster of public sector customers counting CalPERS and the State of Indiana.

Castlight Health, Inc. provides cloud-based software in the United States. Its software enables enterprises to understand and manage health care spending. It offers Enterprise Healthcare Cloud that transforms external and internal complex data into transparent and useful information. The corporation also provides communication and engagement, implementation, customer support, and training services.

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This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.

All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.

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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Downtrend Stocks to Watch - Midstates Petroleum Company, Inc. (NYSE:MPO), Sonus Networks, Inc. (NASDAQ:SONS), Regado Biosciences, Inc. (NASDAQ:RGDO), Castlight Health, Inc. (NYSE:CSLT) Reviewed by on . On Friday, Following Stocks were among the "Top 100 Losers" of U.S. Stock Market: Midstates Petroleum Company, Inc. (NYSE:MPO), Sonus Networks, Inc. (NASDAQ:SON On Friday, Following Stocks were among the "Top 100 Losers" of U.S. Stock Market: Midstates Petroleum Company, Inc. (NYSE:MPO), Sonus Networks, Inc. (NASDAQ:SON Rating: 0

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