Insights about U.S. Stocks that landed in the Red-Zone during Wednesday’s trade, are depicted underneath:
Palo Alto Networks Inc (NYSE:PANW)’s shares dwindled -3.62%, and closed at $143.51.
Palo Alto Networks, Inc. (PANW), declared financial results for its fiscal second quarter 2015 ended January 31, 2015.
Total proceed for the fiscal second quarter grew 54 percent year-over-year to a record $217.7 million, contrast with $141.1 million in the fiscal second quarter 2014. GAAP net loss for the fiscal second quarter was $43.0 million, or $0.53 per diluted share, contrast with a net loss of $39.9 million, or $0.55 per diluted share, in the fiscal second quarter 2014.
Palo Alto Networks recorded fiscal second quarter non-GAAP net revenue of $16.9 million, or $0.19 per diluted share, contrast with non-GAAP net revenue of $7.8 million, or $0.10 per diluted share, in the fiscal second quarter 2014.
Recent Highlights:
- Introduced new hardware - We introduced the PA-3060, a new addition to the PA-3000 series, designed for mid-range data center environments.
- Continued threat research efforts - On the heels of finding the IOS-targeted WireLurker threat, our Unit 42 threat intelligence team revealed a “backdoor” contained in millions of Android mobile devices.
- Launched global user group - We launched Fuel, a global community established to drive knowledge and sharing of best practices among security professionals across industries.
- Took part in White House Cybersecurity Summit discussions- We engaged in dialogue on public/private sector threat information sharing practices, such as those already in process by the Cyber Threat Alliance that we co-founded with several other security industry leaders, to improve protection for consumers and companies against cyber threats.
Palo Alto Networks, Inc. provides enterprise security platform to enterprises, service providers, and government entities worldwide. Its platform comprises Next-Generation Firewall that delivers application, user, and content visibility and control, in addition to protection against network-based cyber threats; and Threat Intelligence Cloud that offers central intelligence capabilities, in addition to automated delivery of preventative measures against cyber attacks.
LKQ Corporation (NASDAQ:LKQ), declined -3.59%, and closed at $24.03.
Formerly on February 26, LKQ Corp. (LKQ), declared that John S. Quinn, Executive Vice President and Chief Financial Officer of LKQ, is moving to the position of LKQ’s Chief Executive Officer and Managing Director of European Operations. Dominick “Nick” Zarcone has been designated as LKQ’s Executive Vice President and Chief Financial Officer to succeed Mr. Quinn, effective at the end of March 2015.
The Corporation’s European operations have grown steadily over the last several years. The Corporation asked Mr. Quinn to head those operations recognizing his deep knowledge of LKQ’s business, his financial acumen, and his past experience working in the European markets.
“I am very happy to declare these executive positions,” said Joseph M. Holsten, LKQ Chairman of the Board. “This is a win-win for the Corporation. John is an ideal candidate to manage our important European operations. Importantly, our Global Finance Department, which John so effectively developed during his tenure as our CFO, will not miss a beat with Nick taking over the CFO duties.”
LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, the United Kingdom, the Netherlands, Belgium, France, Scandinavia, Australia and Taiwan. LKQ offers its customers a broad range of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles.
MannKind Corporation (NASDAQ:MNKD), dipped -3.57%, and closed at $5.94.
Formerly on February 24, MannKind Corp. (MNKD), stated financial results for the fourth quarter and full year ended December 31, 2014.
For the fourth quarter, our operating expenses declined 35% contrast to the similar quarter in 2013. Research and development costs were significantly lower, mainly due to a reduction in non-cash compensation expenses and much lower clinical trial expenses following the completion of the Affinity studies in 2013. General and administrative costs declined 29%, mainly reflecting lower non-cash compensation expenses.
For the full year 2014, our total operating expenses raised modestly, with a decrease in research and development costs offset by a raise in general and administrative costs. Research and development costs reduced due to the completion of our Affinity trials, the pivotal clinical trials regarding the efficacy and safety of our novel inhaled insulin, Afrezza. Higher general and administrative costs resulted primarily from raised professional fees, principally related to the negotiation and completion of a partnership contract with Sanofi. In addition, professional fees reflected a noteworthy expansion in our program to identify, screen and fully evaluate new product opportunities that will best take advantage of the unique advantages of our Technosphere(R) drug delivery technology.
“After achieving a number of noteworthy milestones during 2014, we began the commercial production of Afrezza during the fourth quarter of the year,” said Hakan Edstrom, MannKind’s President and Chief Executive Officer. “With our flagship product, Afrezza(C), in the early stages of its commercial launch in the United States, we now enter a very exciting new phase for MannKind.”
MannKind Corporation (MNKD) focuses on the discovery and development of therapeutic products for patients with diseases such as diabetes.
Helix Energy Solutions Group Inc (NYSE:HLX), dropped -3.45%, and closed at $14.29, hitting new 52-week low of $14.27.
Helix Energy Solutions Group, Inc. (HLX), is witnessed as a noteworthy price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in HLX.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, it has observed 4 estimates moving down in the past 30 days, contrast with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $1.76 a share a month ago to its current level of 90 cents.
Also, for the current quarter, Helix Energy has seen 4 downward estimate revisions as compared to no revisions in the opposite direction, dragging the consensus estimate down to 3 cents a share from 31 cents over the past 30 days.
Helix Energy Solutions Group, Inc., together with its auxiliaries, provides specialty services to the offshore energy industry primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions.
