Jefferies said Adobe Systems Inc. (NASDAQ: ADBE) used its Analyst Day to outline major changes to its business model, product portfolio and technology focus.
The top after-market NASDAQ Stock Market gainers are: ChinaCast Education, PriceSmart, Sanderson Farms, Alaska Communications Systems Group, Crimson Exploration, and Cisco Systems. The top after-market NASDAQ Stock Market losers are: Neurocrine Biosciences, Green Mountain Coffee Roasters, Pegasystems, Rovi, OPNET Technologies, and Oclaro.
The top pre-market NASDAQ Stock Market gainers are: SodaStream International, Yongye International, KIT digital, Universal Display, and City Telecom HK. The top pre-market NASDAQ Stock Market losers are: Rovi, Blue Nile, STEC, Alaska Communications Systems Group, and China GrenTech.
Jefferies said PMC-Sierra Inc.'s (NASDAQ: PMCS) cloud/storage and mobile backhaul overcome wireline weakness.
The top after-market NASDAQ Stock Market gainers are: Universal Display, EZCORP, HMS Holdings, Smart Balance, and Silicon Graphics International. The top after-market NASDAQ Stock Market losers are: Rovi, Powell Industries, STEC, Blue Nile, and Rubicon Technology.
Wedbush Securities downgraded its rating on shares of OmniVision Technologies Inc. (NASDAQ: OVTI) to neutral from outperform and lowered its price target to $14 from $25.
The top pre-market NASDAQ Stock Market gainers are: McCormick & Schmick's Seafood Restaurants, BioCryst Pharmaceuticals, Central European Distribution, DryShips, and Polycom. The top pre-market NASDAQ Stock Market losers are: Targacept, Amylin Pharmaceuticals, SemiLEDs, Allot Communications, and Legacy Reserves.
Altera Corp.'s (NASDAQ: ALTR) management upped its long-term business model at its Nov. 7 analyst day to operating margins of 38 percent from 32 percent set previously in 2007.
Adobe Systems Inc. (NASDAQ: ADBE) will host its annual financial analyst meeting in New York at 10:00 AM Eastern time on Nov. 9.
The top after-market NASDAQ stock market gainers are: Solazyme, DealerTrack Holdings, Amedisys, Central European Distribution, and Kopin. The top after-market NASDAQ stock market losers are: Legacy Reserves, Urban Outfitters, Limelight Networks, Array BioPharma, and Savient Pharmaceuticals.
The top pre-market NASDAQ Stock Market gainers are: American Dental Partners, NPS Pharmaceuticals, Tekelec, Pharmasset, and DragonWave. The top pre-market NASDAQ Stock Market losers are: OmniVision Technologies, Vertex Pharmaceuticals, ARM Holdings, Logitech International, and Siliconware Precision Industries.
DragonWave Inc. (NASDAQ: DRWI) announced its plans in acquiring the microwave transport business from Nokia Siemens Networks (NSN) in a cash and stock transaction valued at about $154 million.
Wedbush Securities downgraded its rating on shares of Echelon Corp. (NASDAQ: ELON) to neutral from outperform and lowered its price target to $7 from $16, as Duke contract loss lowering visibility.
The top pre-market NASDAQ Stock Market gainers are: Openwave Systems, EV Energy Partners, AMAG Pharmaceuticals, ARM Holdings, and VIVUS. The top pre-market NASDAQ Stock Market losers are: Central European Distribution, Seattle Genetics, A123 Systems, Skyworks Solutions, and Fushi Copperweld.
The top after-market NASDAQ Stock Market gainers are: Openwave Systems, GTX, Skullcandy, EV Energy Partners, and Arris Group. The top after-market NASDAQ Stock Market losers are: Optimer Pharmaceuticals, Keynote Systems, Entropic Communications, Glu Mobile, and Skyworks Solutions.
The top pre-market NASDAQ Stock Market gainers are: Medivation, Qualcomm, THQ, Qiagen, and Tesla Motors. The top pre-market NASDAQ Stock Market losers are: Dendreon, WebMD Health, Gentiva Health Services, Encore Capital Group, Fushi Copperweld, and Savient Pharmaceuticals.
Barclays Capital said Apple Inc.'s capital expenditure (capex) projection is really the only major figure it forecasts for investors on an annual basis in every 10Q and 10K filings. The brokerage said capex guidance of $8 billion could mean something for iCloud and revenue.
The top after-market NASDAQ Stock Market gainers are: Novatel Wireless, Wright Medical Group, Anika Therapeutics, Mercadolibre, THQ, Huron Consulting Group, and Qualcomm. The top after-market NASDAQ Stock Market losers are: Dendreon, ValueVision Media, WebMD Health, Nutrisystem, and Big 5 Sporting Goods.
Procter & Gamble Co. (NYSE: PG) said the sale of Pringles to Diamond Foods Inc. (NASDAQ: DMND) has moved from the front half to the back half of its fiscal year. The deal, which was earlier said to be closed by December 2011, is now expected to close before the end of June 2012.
The top pre-market NASDAQ Stock Market gainers are: Garmin, Silicon Motion Technology, Magic Software Enterprises, Exelixis, and JDS Uniphase. The top pre-market NASDAQ Stock Market losers are: Syms, Diamond Foods, OpenTable, EZchip Semiconductor, and Cognizant Technology Solutions.
The top after-market NASDAQ Stock Market gainers are: Key Tronic, Maxim Integrated Products, Rofin-Sinar Technologies, Silicon Motion Technology, and Ebix. The top after-market NASDAQ Stock Market losers are: QuickLogic, OpenTable, Thoratec, Wright Medical Group, and Diamond Foods.
Pacira Pharmaceuticals Inc. (NASDAQ: PCRX) said its drug Exparel, which is intended to treat pain following surgery, has been approved by the U.S. Food and Drug Administration. The company expects to launch Exparel in January 2012.
