On Tuesday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: Cheetah Mobile Inc. (NYSE:CMCM), Gogo Inc. (NASDAQ:GOGO), InspireMD, Inc. (NYSEMKT:NSPR), Hertz Global Holdings, Inc. (NYSE:HTZ)
Cheetah Mobile Inc. (NYSE:CMCM), with shares declined -5.86%, closed at $17.50.
Gogo Inc. (NASDAQ:GOGO), with shares dropped -5.79%, settled at $19.51.
InspireMD, Inc. (NYSEMKT:NSPR), with shares dipped -5.65%, and closed at $0.349.
Hertz Global Holdings, Inc. (NYSE:HTZ), plummeted -2.09%, and closed at $21.08.
Latest NEWS regarding these Stocks are depicted underneath:
Cheetah Mobile Inc. (NYSE:CMCM)
Last Friday, Cheetah Mobile Inc. (CMCM), declared its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014.
Mr. Sheng Fu, Cheetah Mobile’s Chief Executive Officer, stated, “2014 was a break-through year for our mobile and global businesses and we finished on a high note with our mobile monthly active users quickly approaching the impressive 400 million users mark. Led by the success of Clean Master, we have built a strong product matrix of mobile apps in 2014 with four of our apps each accumulating more than 100 million downloads on Google Play. According to App Annie, Cheetah Mobile was the No. 2 publisher for non-game apps globally on Google Play, and the No. 1 publisher in the tools category for December 2014. This success assisted drive mobile proceeds to raise more than six times year over year and nearly double quarter over quarter in the fourth quarter, demonstrating our noteworthy progress in mobile monetization. In addition, since we began our overseas monetization efforts in the second quarter of 2014, our overseas proceeds have raised significantly and now account for 24% of our total proceeds and 63% of mobile proceeds in the fourth quarter. Given these strong secular trends, mobile will remain the key growth driver for our corporation and will account for more than 50% of total proceeds by the end of the first half 2015. Additionally, our attainment of MobPartner, when accomplished, will further enhance our global mobile monetization capabilities and expand our advertising footprint globally. Going forward, we remain focused on building one of the world’s leading mobile advertising platforms.”
Mr. Andy Yeung, Cheetah Mobile’s Chief Financial Officer, commented, “Robust mobile performance again drove our strong topline growth this quarter. Total proceeds grew 119% year-over-year and 23% quarter-over-quarter to RMB588.9 million, surpassing the high end of our previous guidance. The strong ramp-up in our mobile proceeds, particularly in overseas markets, clearly validates our investments in the mobile and global arenas. In 2015, we will continue to invest aggressively in our mobile business and strengthen our foundation for continued success in this rapidly developing market.
Cheetah Mobile Inc. operates a platform that offer mission critical applications for its users and global content distribution channels for its business partners in the Peoples Republic of China.
Gogo Inc. (NASDAQ:GOGO)
Gogo Inc. (GOGO), declared the sale of $5.94 million in aggregate principal amount of its 3.75% convertible senior notes due 2020 in respect of Gogo’s formerly declared private offering of the notes to qualified institutional buyers following Rule 144A under the Securities Act of 1933, as amended, following a partial exercise of the initial purchasers’ option to purchase additional notes to cover over-allotments. The notes sold on March 24, 2015 have the same terms in all respects as the notes formerly sold in such offering. Gogo has issued a total of $361.94 million aggregate principal amount of the notes following such offering.
The net proceeds from the March 24, 2015 sale of notes were about $5.79 million, after deducting the initial purchasers’ discounts and estimated fees and expenses. Gogo anticipates to use the net proceeds from the sale of the notes for working capital and other general corporate purposes, counting costs associated with developing and launching its next-generation technology solutions and the attainment of additional spectrum should it become accessible.
Gogo Inc., through its auxiliaries, provides aero communications services to the commercial and business aviation markets in the United States and internationally. The corporation operates three segments: Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation.
InspireMD, Inc. (NYSEMKT:NSPR)
Last week, on Monday, InspireMD, Inc. (NSPR), declared that the New York Stock Exchange has accepted InspireMD’s plan to regain compliance with the NYSE MKT’s market capitalization continued listing standards. As formerly revealed, the NYSE notified the Corporation on January 20, 2015 that it had fallen below the NYSE’s continued listing standards.
Based upon a review of the compliance plan and information presented by the Corporation, the Exchange determined that the Corporation made a reasonable demonstration of its ability to make substantial progress toward regaining compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the Corporation Guide by July 20, 2016. The Exchange also determined that the Corporation has resolved the continued listing deficiency with respect to Section 1003(a)(iv) of the Corporation Guide.
The Corporation will be subject to periodic review by the exchange staff during the period covered by the plan. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the plan period could result in the Corporation’s shares being delisted from the Exchange.
Alan Milinazzo, CEO of InspireMD stated, “The administration team and the Board of Directors are happy our compliance plan has been accepted by the Exchange. We will planned ally move forward with the business initiatives discussedon our earnings call.”
InspireMD, Inc., a medical device corporation, focuses on the development and commercialization of proprietary MGuard stent platform technology. Its MGuard stent is an embolic protection device based on a protective sleeve, which is constructed out of an ultra-thin polymer mesh and wrapped around the stent.
Hertz Global Holdings, Inc. (NYSE:HTZ)
Hertz Global Holdings, Inc. (HTZ), declared that on March 18, 2015 it received a notice from the New York Stock Exchange notifying the Corporation of its failure to meet a NYSE listing standard resulting from the Corporation’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as offered by Rule 802.01E of the NYSE Listed Corporation Manual.
As formerly revealed, the Corporation was unable to timely file its 2014 Form 10-K with the Securities and Exchange Commission (the “SEC”) because of the ongoing nature of the Corporation’s formerly declared thorough review and investigation of its internal financial records for fiscal years 2011, 2012 and 2013. As a result of the ongoing nature of this review and its potential influence on the Corporation’s 2014 financial results, the Corporation was unable to file the 2014 Form 10-K by the extended due date of March 17, 2015. The financial review and investigation by the Corporation is ongoing. Hertz continues to expect that it will not be able to file updated financial statements, counting the 2014 Form 10-K, before mid-2015, and there can be no assurance that the process will be accomplished by that time.
The Corporation has until September 17, 2015 to cure the filing delinquency associated with its failure to file the 2014 Form 10-K. The NYSE may, in its discretion, extend the initial cure period for up to six months after September 17, 2015. Subject to the NYSE’s ongoing oversight and review, the Corporation can regain compliance during the cure period by filing its 2014 Form 10-K and subsequent Form 10-Qs with the SEC. If the Corporation fails to file its SEC Filings by the expiration of any applicable cure period, the NYSE may commence proceedings to delist the Corporation’s ordinary stock. The Corporation believes that it will continue to be listed on the NYSE, but there can be no assurance that the Corporation will be able to file the SEC Filings within the initial cure period or any extended cure period. In addition, the NYSE maintains the ability to commence delisting procedures at any time during the cure period, but as of recently we do not believe the NYSE will do so.
Hertz Global Holdings, Inc., through its auxiliaries, is engaged in the car and equipment rental businesses worldwide. It operates through four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental, and All Other Operations. The corporation rents and leases various car models on an hourly, daily, weekend, weekly, monthly, or multi-month basis; crossovers; and light trucks under the Hertz, Dollar, Thrifty, and Firefly brands.
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