Dallas, TX -- (SBWIRE) -- 03/15/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
EXCO Resources Inc (NYSE:XCO) shares increased 9% to $7.75. The company, on Mar. 4, announced that Stephen F. Smith has decided to retire from EXCO on June 1, 2013 and has further decided not to stand for re-election to EXCO's Board of Directors at the 2013 annual meeting of shareholders. Mr. Smith will serve as a full-time EXCO employee until June 1, 2013 to assist with certain transition matters. Mr. Smith retired from his duties as EXCO's President effective February 28, 2013 and will retire from his duties as EXCO's Chief Financial Officer effective April 1, 2013.
Is XCO a Strong Buy After The Recent Gain? Let’s Find out Here
CommVault Systems, Inc.(NASDAQ:CVLT) shares increased 8.55% to $84.20 amid speculation that the company may be acquired. A takeover “makes sense” for any company that wants to gain CommVault’s software, according to Joel Fishbein, an analyst at Lazard Capital Markets in New York. He recommends buying shares with a target price of $95, 24 percent higher than the average of analysts’ estimates compiled by Bloomberg.
Additionally, the company, on Mar. 4, announced at HIMSS 13 the results of its 2013 Health IT Survey, which reveals the various measures organizations are taking to improve the management and protection of all forms of electronic medical records (EMRs) and address HITECH, Meaningful Use and HIPAA compliance requirements.
Is CVLT a Strong Buying Opportunity After The Recent Slump? Find out Here
Flotek Industries Inc(NYSE:FTK) shares increased 8.47% to $15.63. The company, on Mar. 13, reported that its fourth-quarter profit was $0.44 per share, up from $0.02 per share in the same quarter last year. Meanwhile, revenue for the quarter rose 2.4 percent to $76.7 million from $74.9 million in the comparable quarter last year, while analysts expected to see revenues of $77.90 million for the quarter. Analysts expected the company to earn $0.17 per share in the quarter.
Should Investors Consider FTK After The Recent price Action? Get Free Trend Analysis Here
Sonus Networks, Inc.(NASDAQ:SONS) shares gained 8.37% to $2.59 in the last trading session. The company, on Feb. 28, reported fourth-quarter net loss of $16.4 million or $0.06 per share, compared to profit of $3.7 million or $0.01 per share last year. Adjusted net income for the fourth quarter was $1.8 million or $0.01 per share, compared to $5.4 million or $0.02 per share last year. Analysts expected the company to post breakeven per share for the quarter. Total revenues for the quarter were $75.1 million compared to $74.3 million last year. Analysts estimated revenues of $78.36 million for the quarter.
Should Investors Consider SONS After The Recent price Action? Get Free Trend Analysis Here
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