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New York, NY -- (SBWIRE) -- 02/27/2013 -- Meru Networks Inc. (NASDAQ: MERU : 3.89, -0.32), which provides wireless local area network (LAN) services, said it has priced an underwritten public offering of 3 million common shares at $4.00 per share, a 2.4% discount to previous close.
Gross proceeds, before deducting the underwriting discounts and commissions and offering expenses payable by Meru, are expected to be about $12 million. The offering is expected to close on or about March 4.
As of February 14, 2013, 15.78 million shares of outstanding common stock were held by non-affiliates, the aggregate market value of which was $70.39 million calculated based on the closing price per common share of $4.46 on February 22.
MERU is trading up 9.76% at $4.50 on Wednesday. The stock has been trading between $1.42 and $5.43 for the past 52 weeks.
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Guidewire Software Inc. (NYSE:GWRE) revealed second one fourth modified EPS of $0.21 after the near Wednesday, up from $0.16 in the season before. The agreement calculate was for EPS of $0.02. Guidewire Application gapped start considerably greater Wed and is now up 4.46 at $35.99 an above regular amount. The inventory is now complicated the peaks of the season, dealing at an 11-month high.
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VirnetX Holding Corporation (NYSEAMEX:VHC) is engaged in the business of commercializing a portfolio of patents. The Company develops software and technology solutions for securing real-time communications over the Internet. Shares of VirnetX Holding C (AMEX: VHC) are trading at $35.95 and is +4.40% of its 50-day Moving Average price of $34.4338 and +17.55% from its 200-day Moving Average price of $30.5837. The average trading volume is 762310 shares and its market capitalization is $1.837B.
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Nokia Corporation (NYSE:NOK) is very active today and traded between $3.62 - 3.78 with total traded volume of 36113980 shares. At a current price of 3.769, NOK is +0.199 - +5.57% from the previous close of $3.57. Moreover, At Current Market Price, NOK is in distance of -8.88% from its 50-day Moving Average price of $4.1362 and +12.88% from its 200-day Moving Average price of $3.339.
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