On Tuesday, KB Home (NYSE:KBH)’s shares inclined 1.92% to $14.84.
KB Home (KBH), declared that Jay Lewis has been named president of its Orlando division. In this role, Lewis is responsible for the Company’s homebuilding operations across the region, from land acquisition and construction to sales and customer service.
Lewis arrives at KB Home with more than 30 years of experience in homebuilding with both national and local builders, counting the last eight years in the Central Florida area serving in various capacities. He holds a Bachelor of Science degree in business administration from Villanova University and a Master of Business Administration from Drexel University.
KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.
Cyberark Software Ltd (NASDAQ:CYBR)’s shares dropped -0.99% to $45.98.
CyberArk, (CYBR), declared financial results for the second quarter ended June 30, 2015.
Financial Highlights for the Second Quarter Ended June 30, 2015
Revenue:
- Total revenue was $36.4 million, up 70% year-over-year contrast with the second quarter of 2014.
- License revenue was $22.3 million, up 100% contrast with the second quarter of 2014.
- Maintenance and Professional Services revenue was $14.1 million, up 38% from the second quarter of 2014.
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 company offers privileged account security solution to secure, manage, and monitor privileged account access and activities.
At the end of Tuesday’s trade, Qihoo 360 Technology Co Ltd (NYSE:QIHU)‘s shares dipped -0.21% to $42.26.
Qihoo 360 Technology Co. Ltd., declared that it has issued a notice to Coolpad Group Limited (2369.HK) to exercise its put option to require Coolpad to purchase the Company’s entire 49.5% stake in Coolpad E-Commerce Inc., a joint venture between the Company and Coolpad set up in December 2014 to focus on mobile terminal products that are distributed through Internet as the primary channel, in accordance with the shareholders agreement regarding the joint venture.
Under the shareholders agreement, the Company has a put option to sell its entire stake in the joint venture to Coolpad at a total price equal to twice its fair market value, exercisable if Coolpad breaches its non-compete obligations under the shareholders agreement. The Company issued the notice to Coolpad to exercise this put option based on a series of breaches by Coolpad of its relevant non-compete obligations.
Qihoo 360 Technology Co. Ltd., through its auxiliaries, provides Internet services in the People’s Republic of China. The company operates through Internet Services and Others segments. It offers various Internet security products, counting 360 Safe Guard, a one-stop solution for PC Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users computers against various kinds of malware; and 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Windows Phone smartphone operating systems.
Alamos Gold Inc. Class A (NYSE:AG), ended its Tuesday’s trading session with -0.70% loss, and closed at $4.24.
Alamos Gold Inc. (AGI) declared the purchase of 8,000,000 common shares of AuRico Metals Inc., representing about 6.34% of the outstanding common shares of AuRico. The Shares are being attained by Alamos by way of private placement at a price of C$0.70 per Share.
Proceeding to the Transaction, Alamos owned directly 5,767,855 common shares of AuRico, which represented about 4.8% of the issued and outstanding common shares of AuRico. Upon completion of the Transaction, Alamos will hold 13,767,855 common shares of AuRico, representing about 10.92% of the issued and outstanding common shares of AuRico.
Alamos carried out the Transaction for investment purposes and may enhance or decrease its investment based on market conditions. AuRico has granted Alamos a right to take part in future financings for a period of two years, subject to certain terms, to maintain its pro-rata interest.
Alamos Gold, Inc. operates as an intermediate gold producer primarily in North America. The company primarily holds a 100% interest in the Young-Davidson gold mine, which comprises mineral leases and claims totaling 11,000 acres in Northern Ontario, Canada. It also owns a 100% interest in the El Chanate mine that comprises 22 mineral concessions covering 4,618 hectares; and the Mulatos Mine in Sonora State, Mexico.
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