Search
Tuesday 23 June 2015
  • :
  • :

Friday’s Trade News Alert on: Fortinet (NASDAQ:FTNT), Kellogg Company (NYSE:K), Macquarie Infrastructure (NYSE:MIC), Northrop Grumman (NYSE:NOC)

On Friday, Fortinet Inc (NASDAQ:FTNT)’s shares inclined 0.54% to $41.22.

Fortinet (FTNT), the global leader in high-performance cyber security solutions, declared that three of its channel marketing leaders: Krissy Kelley, senior director of Partner Programs, Jennifer McDonald, director of Partner Marketing, and Michelle Patterson, director of Field and Channel Marketing, have been named to The Channel Company’s prestigious 2015 CRN® Women of the Channel. The annual list honors outstanding female executives across vendor channel organizations, distributors, solution providers and other women prominently involved in the IT channel ecosystem for their successes and the far-reaching impact they are having on the technology industry going forward.

This year’s Women of the Channel were carefully reviewed and selected by the editors of CRN based on their accomplishments and the influence they wield over the technology channel.

Krissy Kelley was also honored as one of the Power 100, a distinguished subset of the CRN Women of the Channel that recognizes female leaders with an exemplary record of success and high-level in the channel. Krissy is dedicated to increasing partner engagement and to each partner’s experience in the various Fortinet partner programs. She is focused on providing partners with the tools and resources they need to effectively sell the Fortinet’s story to customers and prospects.

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.

Kellogg Company (NYSE:K)’s shares dropped -0.14% to $62.13.

Kellogg Company (K) has improved its Family Rewards Program as part of its sales boosting initiative. Members will no longer have to enter the product codes while buying, thus making the shopping experience easier.

Moreover, other U.S. Kellogg brands are now participating in Kellogg’s Family Rewards. These brands comprise Pringles, Murray and Murray Sugar Free cookies, Kellogg’s Origins cereal, Keebler Ready Crusts pie crusts, and Cheez-It Crunch’D.

Kellogg’s Family Rewards Program is an important part of the company’s sales boosting strategy. It drives customer engagement with and loyalty toward the brands they buy. Per market research firm Nielsen, more than 60% of U.S. households base their purchase decisions on the loyalty programs offered by the company.

The research also reveals that customers find it difficult to redeem the points on their loyalty cards. This has been duly addressed by Kellogg’s loyalty program. The upgraded technology will link Kellogg’s Family Rewards with U.S. retailer frequent shopper cards and add the points to the respective cards, thereby eliminating the need for codes.

Kellogg has been struggling to grow sales over the past two years, mainly due to weak performance by cereals in its developed markets and U.S. snacks businesses as a result of lower demand.

Kellogg Company, together with its auxiliaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products comprise ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, frozen foods, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods, in addition to health and wellness business bars, and beverages.

At the end of Friday’s trade, Macquarie Infrastructure Corp (NYSE:MIC)‘s shares dipped -0.18% to $86.86.

Macquarie Infrastructure Corp (MIC) entered into an underwriting agreement (the “Underwriting Agreement”) with Macquarie Infrastructure Administration (USA) Inc., as selling shareholder (the “Selling Shareholder”), and J.P. Morgan Securities LLC, as underwriter (the “Underwriter”), following which the Selling Shareholder agreed to sell to the Underwriter, and the Underwriter agreed to purchase from the Selling Shareholder, subject to and upon the terms and conditions set forth therein, an aggregate of up to 2,185,000 shares of the common stock, par value $0.001 per share, of the Company (which comprises an option to purchase 285,000 additional shares of common stock) (the “Shares”) at a price of $84.41 per Share. The Company will not receive any proceeds from the sale of the Shares by the Selling Shareholder. The sale of the Shares following the Underwriting Agreement is predictable to close on or about June 2, 2015, subject to the satisfaction of customary closing conditions.

The Shares were registered under the Company’s registration statement (No. 333-187794) on Form S-3, filed with the U.S. Securities and Exchange Commission (the “Commission”) on April 8, 2013, as amended by Post-Effective Amendment No. 1 to Form S-3, filed with the Commission on July 7, 2014 and Post-Effective Amendment No. 2 to Form S-3, filed with the Commission on May 21, 2015.

Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses and individuals primarily in the United States. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power and Energy (CP&E), and Hawaii Gas.

Northrop Grumman Corporation (NYSE:NOC), ended its Friday’s trading session with 0.18% gain, and closed at $161.06.

Expanding NATO’s joint intelligence, surveillance and reconnaissance (ISR) capability, Northrop Grumman Corporation (NOC) and its industry partners together with NATO leaders unveiled the first NATO Alliance Ground Surveillance (AGS) aircraft to an audience of customers, distinguished guests, employees and community leaders.

The unmanned aircraft, a wide area surveillance Global Hawk, is part of a broader system of systems solution that will advance the Alliance’s evolving ISR needs during a full range of NATO’s missions such as protection of ground troops and civilian populations, border control and maritime safety, the fight against terrorism, crisis administration and humanitarian assistance in natural disasters.

The NATO-owned and operated program comprises five air vehicles and fixed, mobile and transportable ground stations. Northrop Grumman’s primary industrial team comprises Airbus Defence and Space (Germany), Selex ES (Italy) and Kongsberg (Norway), in addition to leading defense companies from all participating countries.

Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company’s Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems.

DISCLAIMER:

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.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.

 




Leave a Reply

Your email address will not be published. Required fields are marked *