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Los Angelas, CA -- (SBWIRE) -- 11/02/2012 -- Advance Auto Part (NYSE:AAP) is +10.06 - +14.18% from the previous close of $70.94. It traded between $70.08 - 84.00 with total traded volume of 4395103 shares. At Current Market Price, AAP is in distance of +17.73% from its 50-day Moving Average price of $68.799 and +9.19% from its 200-day Moving Average price of $74.1821. Advance Auto Parts (NYSE:AAP) closes up 14.18 percent on news that the company hired Blackstone to investigate a possible sell. Consumer confidence is on the rise again. The Conference Board Consumer Confidence Index rose from 68.4 in September to 72.2 in October, its highest level this year. Chasing the good news, retailers across the board announced fairly strong October sales numbers. TheStreet Ratings rates Advance Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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Shares of cyber security software specialist Sourcefire (Nasdaq:FIRE) popped 12% today, after its quarterly results and guidance topped Wall Street expectations. Sourcefire shares have slumped in recent months on weak forecasts from rivals, but a strong third quarter -- adjusted EPS of $0.25 on revenue of $58.8 million versus the consensus of $0.21 and $55.8 million -- coupled with upbeat guidance for the full year, rekindles optimism over the trends working in its favor. Internet data leaks continue to drive strong demand from both its government and enterprise clients, giving investors plenty of good vibes over growth going forward. Analysts, on average, expected adjusted earnings of 21 cents per share on revenue of $55.6 million, according to FactSet. For the current quarter, Sourcefire expects adjusted earnings of 27 to 29 cents per share on revenue of $62 million to $64 million. Analysts forecast earnings of 27 cents per share on revenue of $61.7 million. Sourcefire shares rose $5.59, or 13.1 percent, to $48.38 in afternoon trading. retaking its 200-day moving average line, after the developer of network security software reported better-than-expected Q3 earnings and raised its full-year forecast.
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Quantum Corporati (NYSE:QTM) is +0.13 - +12.38% from the previous close of $1.05. It traded between $1.03 - 1.20 with total traded volume of 4632051 shares. At Current Market Price, QTM is in distance of -24.80% from its 50-day Moving Average price of $1.5691 and -33.22% from its 200-day Moving Average price of $1.767. Quantum Corp. (QTM) reported second quarter fiscal 2013 adjusted loss per share of 3 cents, which is slightly better than the Zacks Consensus Estimate of loss of 4 cents a share. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, but include stock-based compensation expense. Total revenue for the second quarter was $147.0 million, down 10.7% on a year-over-year basis. The year-on-year decline in revenue was attributable to weaker-than-expected OEM sales and also lowers sales of branded tapes and automation revenue. Year over year, Product revenue decreased 13.1% to $100.1 million, Service revenue slipped 0.5% to $35.7 million, and Royalty revenue decreased 17.5% to $11.6 million.
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Wipro Limited Com (NYSE:WIT) are trading at $8.61 and is -0.75% from its 50-day Moving Average price of $8.6753 and -0.49% from its 200-day Moving Average price of $8.6525. The average trading volume is 321575 shares and its market capitalization is $21.054B. India's Wipro will separate its core information technology business from its consumer care and lighting, infrastructure engineering and medical diagnostics businesses, the company said Thursday. The announcement sent the stock as much as 4 percent higher in an otherwise flat market. Chairman Azim Premji said the demerger will enhance shareholder value and "provide momentum for growth."The non-IT businesses will be folded into a privately held company, called Wipro Enterprises Ltd., while the IT business, which accounts for 86 percent of revenue and 94 percent of operating profit will remain within publicly traded Wipro Ltd.
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