Dallas, TX -- (SBWIRE) -- 03/22/2013 -- 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:-
Aeropostale, Inc.(NYSE:ARO) shares declined 2.36% to $13.63. The company, on Mar. 14, reported results for the fourth quarter of 2012 and fiscal 2012. The Company also provided guidance for the first quarter of fiscal 2013. For the fourth quarter of fiscal 2012, net sales decreased 1% to $797.7 million, from $808.4 million in the year ago period. The Company reported a net loss for the fourth quarter of fiscal 2012 of $0.7 million, or $0.01 per diluted share.
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Aruba Networks, Inc.(NASDAQ:ARUN) shares decreased 2.36% to $25.20 in the last trading session after Wedbush reaffirmed their outperform rating on shares of Aruba Networks (NASDAQ: ARUN) in a report issued on Mar. 19. They currently have a $28.00 target price on the stock, up from their previous target price of $26.00.
Additionally, the company, on Mar. 11, announced that Coppin State University has upgraded and expanded its wireless network with solutions based on Aruba Networks' Mobile Virtual Enterprise (MOVE) architecture. The University, located in West Baltimore, Maryland, needed to replace its aging wireless network with one that could enable faster speeds and greater bandwidth to accommodate the growing number of mobile devices.
Is ARUN a Strong Buying Opportunity After The Recent Slump? Find out Here
Michael Kors Holdings Ltd(NYSE:KORS) shares dropped 2.36% to $55.05. TheStreet reissued their hold rating on shares of KORS in a report released on Mar. 19.
Additionally, the company, on Mar. 18, announced that Ann McLaughlin Korologos and Jean Tomlin have been appointed to the Company's Board of Directors effective March 18, 2013. The appointment of Ms. Korologos and Ms. Tomlin brings the Company's Board membership to nine.
Is KORS Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
Redwood Trust, Inc. (NYSE:RWT) shares fell 2.35% and closed at $21.99. RWT’s stock had its price target raised by Jefferies & Co. from $20.00 to $23.00 in a research report released on Mar. 11. Jefferies & Co. currently has a buy rating on the stock.
Additionally, the company will begin trading ex-dividend on March 13, 2013. A cash dividend payment of $0.28 per share is scheduled to be paid on March 29, 2013. Shareholders who purchased RWT stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 12% increase over the prior quarter.
Is RWT Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
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