Bank of America shares lost 1.8 percent to $15.76 after the company said two members of its board of directors and its chief accounting officer will be leaving the company in coming weeks. UBS also cut its rating on the stock to “neutral” from a “buy” rating.
J.C. Penney fell down 7.8 percent to $8.41 after the retailer posted a revelation quarterly loss and forecast small margin advancements this year.
Details about some major losers from mix sectors, during Friday’s trade are described underneath:
Resonant Inc. (NASDAQ:RESN), traded in a 52-week range of $4.93 to $19.86, with shares dropped -33.10% at $10.35, soon after a development stage company, declared financial results and offered a business update for the fourth quarter and year ended December 31, 2014.
2014 Highlights:
- Raised net proceeds of $16.2 million in an initial public offering.
- Made noteworthy progress on the Company’s first product design for a major customer.
- Commenced development of a prototype tunable RF filter design.
- Expanded the patent portfolio to more than 50 issued and pending patents.
- Built out the senior administration team and added technical staff to the R&D team.
- Developed new software tools that have improved Resonant’s filter design development capabilities.
- Moved into new offices and built an electronics laboratory.
Bob Hammond, Ph.D., Resonant Co-founder and Chief Technology Officer, stated: “The explosion in the number of filters needed to address the communication bands in smartphones has created a major growth opportunity for our customers and an increasing cost burden for their customers. What we find most exciting is the growing capabilities of our ISN technology platform and the opportunity to transform RF front-ends.”
Resonant Inc. (NASDAQ:RESN), is creating innovative filter designs for radio frequency, or RF, front-ends for the mobile device industry using a fundamentally new technology called Infinite Synthesized Networks®, or ISN®. The RF front-end is the circuitry in a mobile device responsible for analog signal processing and is located between the device’s antenna and its digital baseband.
EnerNOC, Inc. (NASDAQ:ENOC), declined -23.72% and is now trading at $14.01, soon after the news release that a leading provider of energy intelligence software (EIS), recently declared results for the fourth quarter and year ended December 31, 2014, and issued administration’s outlook for 2015.
Recent Highlights:
- The Company declared the completion of its attainment of World Energy Solutions, Inc., an energy administration software and services firm that assists enterprises simplify the energy procurement process through a suite of Software-as-a-Service (SaaS) tools. World Energy, which has offered procurement solutions for 20 of the Fortune 100, has an extensive customer base in key planned markets like Texas, Massachusetts, Pennsylvania, Ohio, New Jersey, and New York.
- The Company declared its attainment of Pulse Energy, a leader in customer engagement software for the utility industry, to assist utilities better engage all of their commercial and industrial customers, from small businesses to the largest enterprises. Pulse Energy’s software is presently used by utilities in North America, Europe, and Australia, counting BC Hydro, British Gas, Ergon Energy, FortisBC, and Pacific Gas & Electric.
- The Company continued to expand its growing base of enterprise EIS customers, signing new deals with Dow Corning, Performance Food Group, and Universal Fibers and achieved 117% year-over-year growth in subscription customers.
- The Company launched new product capabilities counting improved visibility into real-time energy costs and tools to build more accurate budgets and track accruals.
- The Company surpassed $1 billion in customer savings delivered since it was founded in 2001. EnerNOC celebrated the milestone at its headquarters at an event that comprised of remarks from former Massachusetts Governor Deval L. Patrick and live and recorded testimonials from long-standing EnerNOC software customers.
- The Company added software and services executive Kirk Arnold to its Board of Directors. Ms. Arnold is CEO of Data Intensity, the industry leader in managed and cloud services for Oracle technologies and applications.
- In addition, the Company declared that it has hired Eric Erston, Vice President of Global Enterprise Sales, and Holly Lynch, Senior Vice President of Human Resources. Preceding to joining EnerNOC, Mr. Erston served in a variety of sales leadership roles at RSA, the Security Division of EMC. Ms. Lynch was formerly Senior Vice President of Human Resources at Hologic, a leading global healthcare technology and diagnostics company.
EnerNOC, Inc. (NASDAQ:ENOC), is a leading provider of cloud-based energy intelligence software (EIS) and services to thousands of enterprise customers and utilities globally. EnerNOC’s EIS solutions for enterprise customers improve energy productivity by optimizing how they buy, how much they use, and when they use energy.
Pegasystems Inc. (NASDAQ:PEGA), dipped nearly -14.73% to $19.74, following the news release that the software company empowering the world’s leading enterprises with planned business applications, declared results for its fourth quarter and full year ended December 31, 2014.
“This was a solid quarter for Pegasystems, capping off what was a strong year overall for the company,” said Alan Trefler, Founder and CEO of Pegasystems. “Our 2014 GAAP license proceed of $232 million represents a 21% raise contrast to last year. We exceeded our original, full year GAAP proceed guidance of $576 million, ending the year with $590 million in total GAAP proceed, a 16% raise over 2013. Our strength in marketing, sales and onboarding, and customer service is driving business growth across the globe. We’re happy our clients recognize the value we bring in transforming their customer relationship administration initiatives and proud of the results our clients are achieving with our software.”
Cash : Total cash, cash equivalents, and marketable securities at December 31, 2014 was $211.2 million, up 35% from December 31, 2013.
Cash generated from operations for the full year 2014 was $99.9 million, an raise of 24% on a year-over-year basis. Free Cash Flow, which we define as operating cash flow less Cap Ex, was $88.4 million for 2014, an raise of 18% on a year-over-year basis.
Pegasystems Inc. (NASDAQ:PEGA), develops planned applications for sales, marketing, service and operations. Pega’s applications streamline critical business operations, connect enterprises to their customers seamlessly in real-time across channels, and adapt to meet rapidly changing requirements.
KBR, Inc. (NYSE:KBR), showed a negative movement of -12.02% and is now trading at $15.74, following the news release that an engineering, construction, and services company worldwide, declared its fourth quarter and annual 2014 financial results. The results reflect charges associated with the Company`s restructuring formerly declared in December 2014.
Fourth Quarter Results:
Net loss attributable to KBR was $1.24 billion, or $8.57 per diluted share, in the fourth quarter of 2014 contrast to a net loss of $56 million, or $0.38 per diluted share, in the fourth quarter of 2013. Merged proceed in the fourth quarter of 2014 was $1.4 billion contrast to $1.7 billion in the fourth quarter of 2013.
“Our fourth quarter merged results reflect the noteworthy charges associated with the company`s restructuring formerly declared in December 2014. The transformation of KBR has begun and is proceeding according to plan. While oil prices remain depressed, KBR`s technology and project delivery capability for natural gas derivative products and associated downstream facilities positions us well for project awards during 2015. In recent months we have won a number of key contracts that reflect our strategy, counting a large scale ammonia EPC project for Yara and BASF, BG Group`s Global Upstream Alliance Partnership, a long-term contract for Offshore Oil & Gas Projects for Saudi Aramco, and a reimbursable construction project in North America,” said Stuart Bradie, President and Chief Executive Officer of KBR, Inc.
KBR, Inc. (NYSE:KBR), is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing around 25,000 people worldwide with customers in more than 70 countries and operations in 40 countries across three distinct global businesses.
