Stocks in Focus: Polycom Inc, Hercules Offshore, Superior Energy Services, the Blackstone Group

Dallas, TX -- (SBWIRE) -- 03/19/2013 -- 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:-

Polycom Inc (NASDAQ:PLCM) shares fell 2.48% to $10.62. The company, on Mar. 5, announced the Polycom(R) SoundStation(R) Connect, an audio conference solution that lets users bring the gold standard in audio conferencing technology wherever they go.

Additionally, the company, on Feb. 27, unveiled the Polycom VVX 300 and Polycom VVX 400 Business Media Phones designed to improve productivity and facilitate collaboration for office and cubicle work environments such as call centers, front desks and administrative and corporate offices.

How Should Investors Trade PLCM After The Recent Price movement? Find out Here

Hercules Offshore, Inc.(NASDAQ:HERO ) shares decreased 2.47% and closed at $7.12. The company, on Mar. 15, said it won the dismissal of a lawsuit challenging its executive pay decisions that a judge said was based on “flawed premises.” A shareholder, Pinchus E. Raul, sued the Houston-based company in 2011 in federal court in Delaware saying the board wrongly ignored an investor vote for “say on pay” that rejected increases in executive compensation, including a raise to $2.5 million in 2010 from $1.3 million for Chief Executive Officer John T. Rynd.

Is HERO a Strong Buying Opportunity After The Recent Slump? Find out Here

Superior Energy Services, Inc. (NYSE:SPN) shares decreased 2.41% to $26.30. The company, on Feb. 26, announced fourth-quarter net income of $76.3 million, or $0.48 per share, up from $19.4 million, or $0.24 per share, for the same quarter of 2011. Non-GAAP adjusted earnings for the quarter were $77.6 million, or $0.49 per share. Meanwhile, revenue for the quarter surged to $1.178 billion from $562.40 million in the year ago quarter. Analysts expected the company to report earnings of $0.48 per share on revenues of $1.15 billion for the fourth-quarter.

Is SPN a Buy After The Latest Price Action? Find Out Here

The Blackstone Group L.P.(NYSE:BX) shares dropped 2.39% to $20.39. Blackstone Group LP and TPG Capital recently have placed separate final bids for Australia's largest poultry producer, Inghams Chicken, sources with direct knowledge of the matter told Reuters last week. The bids could value the privately owned company at around A$800 million dollars ($821 million), according to sources.
Additonally, private equity firm Blackstone Group LP last month said it is leading the charge for investments into India's commercial real estate market after the recent global recession has lowered interest in its once red hot residential market. As a result, the number of unsold units has risen, causing a glut in the market.

Get latest News, Updates on BX Here

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