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:-
Peregrine Pharmaceuticals (NASDAQ:PPHM) shares fell 2.90% to $1.34. The company, on Mar. 12, announced financial results for the third quarter ended January 31, 2013 of fiscal year (FY) 2013 and provided an update on its advancing clinical pipeline and other corporate developments.
Total revenues for the third quarter of FY 2013 were $7,039,000 compared to $3,281,000, for the same quarter of the prior fiscal year. The company’s consolidated net loss decreased 56% to $4,914,000, or $0.04 per basic and diluted share, for the third quarter of FY 2013, compared to a net loss of $11,090,000, or $0.13 per basic and diluted share, for the same quarter of the prior year.
How Should Investors Trade PPHM After The Recent Price movement? Find out Here
ADTRAN, Inc. (NASDAQ:ADTN) shares dropped 2.89% and closed at $19.83. The company, on Mar. 11, announced that Medicine Park Telephone is deploying ADTRAN's comprehensive broadband portfolio in its Broadband Stimulus funded, Fiber-to-the-Home (FTTH) high-speed broadband service. Currently served by a variety of Tier 1 and Tier 2 providers for telephony voice service, residents in these communities are vastly unserved - up to 100% of the households in some of the regions - by any type of high-speed broadband accessibility.
Additionally, the company, on Feb. 25, announced that its Ethernet over Fiber (EoF) solutions are providing the infrastructure foundation for Texhoma Fiber.
Is ADTN a Strong Buying Opportunity After The Recent Slump? Find out Here
Dreamworks Animation Skg Inc (NASDAQ:DWA) shares fell 2.83% to $18.52. DWA’s stock was upgraded by analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Mar. 13.
Additionally, the company, on Feb. 26, said it lost $82.7 million in the fourth quarter of fiscal year 2012, resulting in a net loss for the year thanks in large part to the costly box office miss "Rise of the Guardians." The company generated $264.7 million in revenue, but high costs led to a loss of $0.98 per share.
Is DWA a Buy After The Latest Price Action? Find Out Here
Credit Suisse Group AG (ADR)(NYSE:CS) shares fell 2.78% and closed at $27.61. Reuters on Feb. 23 reported that The U.S. Attorney's Office in New Jersey is investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank. The investigations show that authorities are still trying to build cases over the alleged misconduct by banks that led to the 2008 financial crisis. Adora Andy, a spokeswoman for the U.S. Department of Justice, did not immediately return a call for comment. Jack Grone, a spokesman for Zurich-based Credit Suisse also declined to comment.
Is CS a Buy After The Latest Price Action? Find Out Here
Marketbuzzreport.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. Marketbuzzreport.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed "informational edge" which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at http://www.marketbuzzreport.com
The assembled information disseminated by Marketbuzzreport.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Marketbuzzreport.com does expect that investors will buy and sell securities based on information assembled and presented in Marketbuzzreport.com. PLEASE always do your own due diligence, and consult your financial advisor.
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)