Dallas, TX -- (SBWIRE) -- 03/08/2013 -- 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:-
Meritor Inc (NYSE:MTOR) shares gained 4.68% to $4.70. Zacks reissued their neutral rating on shares of Meritor in a report released on Feb. 21. Zacks currently has a $5.00 target price on the stock.
Additionally, the company, last month, announced that for fiscal 2013, it has provided guidance back in November, with expected revenue of about $4 billion for fiscal 2013. Analysts are expecting the Company to report revenue of $4 billion for fiscal 2013.
How Should Investors Trade MTOR After The Recent Price movement? Find out Here
Dynavax Technologies Corporation (NASDAQ:DVAX) shares gained 4.37% to $1.91. The company last month announced that it received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA or Agency) regarding its Biologic License Application (BLA) for HEPLISAV, an investigational adult hepatitis B vaccine. In the CRL, the FDA specified that the indication in adults 18-70 years of age cannot be approved without further evaluation of safety in this broad age group.
Additionally, the company announced that it will present at the Cowen and Company 33rd Annual Healthcare Conference in Boston on Tuesday, March 5, 2013 at 8:40 a.m. Eastern Time (5:40 a.m. Pacific Time).
Is DVAX a Strong Buying Opportunity After The Recent Slump? Find out Here
BroadSoft Inc (NASDAQ:BSFT) shares climbed 4.20% to $24.55. The company, last week, announced financial results for the fourth quarter and twelve-month period ended December 31, 2012. Total revenue rose to $45.8 million in the fourth quarter of 2012, an increase of 13% compared to $40.6 million in the fourth quarter of 2011. Net income for the fourth quarter of 2012 was $4.9 million, or $0.17 per diluted common share, compared to net income of $5.5 million, or $0.19 per diluted common share in the fourth quarter of 2011.
Additionally, the company, on Mar. 5, announced that its annual Xtended Incubator Program -- a global initiative that accelerates the development of mobile and Unified Communications (UC) applications by providing seed funding to third-party app developers -- has been expanded into an on-going program thanks to its success and growth over the past few years.
Is BSFT a Buy After The Latest Price Action? Find Out Here
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