Stocks Alert: Depomed Inc, Palo Alto Networks Inc, Continental Resources, Fusion-IO

Lakeway, TX -- (SBWIRE) -- 03/01/2013 -- Bestdamnpennystocks, 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:-

Depomed Inc (NASDAQ:DEPO) shares jumped 5.55% and closed at $6.47 in the last trading session. The company announced that for fiscal 2013, it expects total revenues of approximately $125 to $135 million. Analysts are expecting the Company to report revenue of $137 million for fiscal 2013.

Additionally, the company announced that it will be presenting at the Cowen and Company 33rd Annual Health Care Conference at the Boston Marriott Copley Place Hotel in Boston. The presentation at the Cowen conference is scheduled for 10:00 am EST (7:00 am PST) on Tuesday, March 5, 2013.

How Should Investors Trade DEPO After The Recent Movement? Find Out Here

Palo Alto Networks Inc (NYSE:PANW) shares gained 5.54% and closed at $61.13. The company, on Feb. 28, reported a second-quarter loss of $2.5 million or $0.04 per share, which compared to a net income of $0.4 million, or break-even per share in the year-ago period, echoing a spike in marketing and sales expenses to $45.7 million from $25.6 million in the prior year. Non-GAAP net income for the latest first quarter was $3.9 million, or $0.05 per share, compared to $2.5 million, or $0.04 per share in the comparable quarter last year. Analysts expected the company to report earnings of $0.04 per share. Meanwhile, total revenue surged to $96.5 million from $56.7 million in the year-ago period, while analysts had a consensus revenue estimate of $93.29 million for the quarter.

Is PANW Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Continental Resources, Inc. (NYSE:CLR) shares jumped 4.80% and closed at $88. The company, on Feb. 27, reported fourth quarter net income of $220.51 million or $1.19 per share, as compared to a net loss of $112.06 million or $0.62 per share in the prior-year quarter. Adjusted net income for the quarter was $191.80 million or $1.04 per share. Total operating revenues for the quarter soared to $688.73 million from $114.11 million in the same quarter last year. Analysts expected the company to report earnings of $0.87 per share on revenue of $655.12 million.

Is CLR a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Fusion-IO, Inc.(NYSE:FIO) shares increased 4.71% and closed at $16.88. The company, on Jan. 30, announced that for the third quarter of 2013, it expects revenue to be approximately $80 million. For fiscal 2013, it expects revenue to be approximately $420 to $440 million. Analysts are expecting the Company to report revenues of $137 million for the third quarter of 2013 and revenues of $530 for fiscal 2013.

How Should Investors Trade FIO After The Latest Earnings Report? Find Out Here

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