Stocks in News: 3D Systems Corporation, VeriFone Systems Inc, Owens Corning, Fortinet, Inc

Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- vb-news.net, 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:-

3D Systems Corporation (NYSE:DDD) shares jumped 3.75% to $56.95. The company, on Feb. 22, announced that the conversion rate of the company's 5.50% senior convertible notes due 2016 has been adjusted to reflect the previously announced three-for-two split of the company's common stock in the nature of a 50% stock dividend. The stock split was declared by the Board of Directors of the company on February 5, 2013.

Additionally, the company announced that it plans to hold a conference call and simultaneous webcast to discuss its financial results for the fourth quarter and full year of 2012 on Monday, February 25, 2013, at 9:00 a.m. Eastern Time.

How Should Investors Trade DDD After The Solid Jump? Let’s Find Out Here

VeriFone Systems Inc (NYSE:PAY) stock gained 3.73% to $18.92. The company, on Feb. 20, announced preliminary financial results for its first quarter ended January 31, 2013. The company now expects to report first-quarter non-GAAP net revenues in the range of $425 million to $430 million and GAAP net revenues in the range of $424 million to $428 million. The company expects to report non-GAAP net income per share between $0.47 and $0.50 and GAAP net income per share between $0.07 and $0.10 for the first-quarter. Analysts expect the company to report earnings of $0.73 per share on revenues of $492.46 million for the first-quarter.

Is PAY Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

Owens Corning (NYSE:OC) shares climbed 3.69% and closed at $40.15 in the last trading session. The company, on Feb. 20, reported fourth-quarter net loss of $56 million or $0.47 per share, compared with net earnings of $50 million or $0.41 per share in the prior year. Adjusted earnings for the quarter were $13 million or $0.11 per share, compared with $48 million or $0.40 per share a year. Analysts expected earnings of $0.16 per share for the quarter. Net sales for the quarter fell to $1.16 billion from $1.20 billion in the prior year. Analysts on consensus estimated revenues of $1.16 billion.

Is OC Buy After The Recent Price Movement? Find Out Here

Fortinet, Inc. (NASDAQ:FTNT) shares climbed 3.67% and closed at $24.01. The company, on Feb. 20, announced the company's FortiGuard Labs has identified critical zero-day vulnerabilities in Adobe Shockwave Player. Fortinet's FortiGuard Labs consist of over 175 researchers and analysts world-wide, working to discover, monitor and help protect against breaking threats.

Is FTNT a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here

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