Financial News

Advanced Micro Devices Extends Partnership With Mentor Graphics

Advanced Micro Devices said Monday it signed a new three-year agreement to expand its partnership with Mentor Graphics Corporation (MENT), a provider of electronic hardware and software design products. Shares of AMD rose 1.5% intraday. “We are giving our customers access to a set of Linux tools and expertise toRead More

Workday Retains Buy Rating at Canaccord After Results

Workday shares were lower nearly 14% on Friday as Canaccord Genuity said it is retaining its buy rating on the stock. “Stepping back, it fails the test of logic to assert that a month of spotty execution invalidates the long-term probability that Workday is at the forefront of a majorRead More

Exa Posts Q3 Beat

Exa reported financial results for fiscal Q3, with better-than-expected earnings and revenue; it also provided revenue guidance for Q4 and fiscal 2017 in line with estimates. For the quarter ended Oct. 31, the provider of simulation software for product engineering posted non-GAAP earnings of $0.04 per share, compared with theRead More

Cardiome Pharma Shares Edge Up

Cardiome Pharma shares were higher 2% on Tuesday after the company said it is closer to launching its Xydalba treatment for acute bacterial skin and skin structure infections in the U.K. after receiving an established price from the Secretary of State for Health. “The creation of an established price doesRead More

NetScout Systems Beats EPS, Sales Estimates But Lowers FY17 Revenue Guidance Below Street Views; Shares Fall 7%

Shares of NetScout Systems (NTCT) fell to their lowest level in 3-months as a result of lowered FY17 guidance. For the second quarter ended Sept 30, the IT services and consulting company reported non-GAAP earnings of $0.39 per share, down from $0.47 for the same quarter last year, but beatingRead More

Late Bounce Lifting Energy Stocks to Mixed Close

Energy stocks turned mixed in late trade this afternoon, with the NYSE Energy Sector Index slipping 0.2% while shares of energy companies in the S&P 500 were up 0.2% as a group. Crude oil for December delivery settled 78 cents lower at $49.18 per barrel while December natural gas futuresRead More