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Los Angelas, CA -- (SBWIRE) -- 11/01/2012 -- Shares of environmental cleanup company Clean Harbors (NYSE:CLH) jumped 17% today, in a delayed reaction to a big acquisition. The market was closed for the last two days, so there was a delayed reaction to the company's $1.25-billion cash acquisition of Safety-Kleen that was announced Monday. The company said the acquisition will add more to Clean Harbors' growth, than save costs with synergies. The acquisition looks to be very fairly priced, after Safety-Kleen generated $1.3 billion in revenue, and $161 billion in EBITDA last year. The complimentary companies will now be able to dominate the hazardous cleanup industry that should continue to grow as the energy space grows. I think Clean Harbors can move higher long-term, but I would be leery of buying on today's jump. A pullback in shares would be a much more attractive entry point following this
Can CLH Continue To Rise? Find Out Here
Sanmina-SCI Corpo (Nasdaq:SANM) is +1.28 - +16.84% from the previous close of $7.60. It traded between $7.87 - 9.24 with total traded volume of 1309586 shares. At Current Market Price, SANM is in distance of +4.25% from its 50-day Moving Average price of $8.5178 and +6.55% from its 200-day Moving Average price of $8.3344.Shares of electronics contract manufacturer Sanmina-SCI (Nasdaq:SANM) soared 19% today, after its quarterly results topped Wall Street expectations. Sanmina shares have slumped in 2012 on weaker-than-expected growth, but today's wide fourth-quarter earnings beat -- adjusted EPS of $0.46 versus the consensus of just $0.34 -- suggests that things are starting to turn. Management also announced a restructuring plan for two of its manufacturing facilities, which should improve operational costs and capacity utilization, giving investors plenty of optimism over its profitability going forward.
Should Investors Buy SANM Now? Get Our Free Trend Analysis Here
CommVault Systems (Nasdaq:CVLT) have popped today by as much as 23%, after the company reported better-than-expected earnings.Revenue in the fiscal second quarter added up to $118.2 million, topping the consensus estimate of $115.7 million. Non-GAAP earnings per share of $0.38 also pleasantly surprised investors, who would have been happy with just $0.28 per share in profits.If that wasn't enough, the board also decided to authorize a $50-million increase in the company's existing stock repurchase program, and extended its expiration to March 2014. This brings the current remaining allowance at $102.8 million. CEO N. Robert Hammer said that the company's momentum should carry into the second half of its fiscal year. CommVault Systems (Nasdaq:CVLT) is +8.90 - +16.64% from the previous close of $53.47. It traded between $57.19 - 66.00 with total traded volume of 2867631 shares. At Current Market Price, CVLT is in distance of +10.74% from its 50-day Moving Average price of $56.3214 and +22.42% from its 200-day Moving Average price of $50.9486.
How Should Investors Trade CLVT Now ? Find Out Here
Netflix (NASDAQ:NFLX) rocketed 17.13 percent before being halted at about 3:12 pm on Wednesday afternoon. The surge comes after Carl Icahn files a 13D with the Securities and Exchange Commission revealing that he purchased a 9.98 percent stake in the company. The report reads that “The Reporting Persons acquired the Shares with the belief that the Shares were undervalued due to the Issuer’s dominant market position and international growth prospects.” Netflix, Inc. (Nasdaq:NFLX) is +9.6594 - +13.88% from the previous close of $69.58. It traded between $65.55 - 84.95 with total traded volume of 15329772 shares. At Current Market Price, NFLX is in distance of +29.86% from its 50-day Moving Average price of $61.0183 and +13.53% from its 200-day Moving Average price of $69.797.
Can NFLX Start Rally or Uptrend From Here: CHECK NOW
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