Pre-Open Stock Movers 7/11 (JOEZ) (ICLD) (LO) Higher; (KFX) (RCII) (MTG) Lower (more...)

July 11, 2014 9:28 AM EDT Send to a Friend
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Kofax Limited (NASDAQ: KFX) 17.7% LOWER; lowers FY 2014 revenue outlook

Joe's Jeans, Inc. (Nasdaq: JOEZ) 15.5% HIGHER; reported Q2 EPS of $0.01, $0.04 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $48.2 million versus the consensus estimate of $48.96 million.

MGIC Investment (NYSE: MTG) 13% LOWER; FHFA proposes tighter capital rules for mortgage insurers. MTG reports monthly operating stats.

Rent-A-Center. (Nasdaq: RCII) 11.7% LOWER; guides Q2 results lower

InterCloud Systems, Inc. (Nasdaq: ICLD) 8.9% HIGHER; has seen an influx of new purchase orders for WiFi, DAS, small cell and other next generation network wireless solutions. Including the previously announced $4.9 Million Chicago commercial project, in the last 90 days InterCloud has seen more than $3.1 Million in additional purchase orders from existing clients for new wireless network expansion.

Arotech Corporation (NASDAQ: ARTX) 6.9% LOWER; announced the pricing of an underwritten public offering of 2,860,000 shares of its common stock at a purchase price of $3.50 per share.

Radian Group Inc. (NYSE: RDN) 6.4% LOWER; FHFA proposes tighter capital rules for mortgage insurers. MTG reports monthly operating stats.

Lorillard (NYSE: LO) 4.6% HIGHER; Reynolds American (NYSE: RAI) and Lorillard (NYSE: LO) confirmed the two sides are in talks regarding a potential RAI acquisition of Lorillard. In connection with that transaction, RAI and Lorillard are in discussions with Imperial Tobacco Group PLC (LON: IMT) regarding the potential sale of certain assets and brands owned by RAI and Lorillard to Imperial.

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) 4.6% HIGHER; announced that it has been awarded a twelve month contract valued at up to $8 million to perform environmental remediation at a former industrial site located in Teterboro, New Jersey.

PriceSmart (NASDAQ: PSMT) 4.4% LOWER; reported Q3 EPS of $0.70, $0.01 better than the analyst estimate of $0.69. Revenue for the quarter came in at $615 million versus the consensus estimate of $624.46 million.

Fastenal Co (NASDAQ: FAST) 3.8% LOWER; reported Q2 EPS of $0.44, in-line with the analyst estimate of $0.44. Revenue for the quarter came in at $949.94 million versus the consensus estimate of $952.95 million.

ChannelAdvisor (NYSE: ECOM) 3.5% HIGHER; Deutsche Bank upgraded from Hold to Buy with a price target of $32.00 (unchanged).

Fifth Street Finance Corp. (NASDAQ: FSC) 2.5% LOWER; today announced that it has commenced a public offering of 13,250,000 shares of its common stock. FSC plans to grant the underwriters for the offering an option to purchase up to an additional 1,987,500 shares of common stock. All shares will be offered by FSC. Morgan Stanley, UBS Investment Bank, Deutsche Bank Securities and RBC Capital Markets will act as lead book-running managers, and SMBC Nikko will act as joint book-running manager for the offering.

Barracuda Networks, Inc. (NYSE: CUDA) 2.5% HIGHER; reported Q1 EPS of $0.07, $0.04 better than the analyst estimate of $0.03. Revenue for the quarter came in at $66.2 million versus the consensus estimate of $64.38 million. Sees Q2 EPS of $0.03-$0.04 vs consensus of $0.03. It sees Q2 revenue of $66-$67 million vs consensus of $64.38 million. It sees FY15 EPS of $0.14-$0.18 vs consensus of $0.14 and revenue of $270-$274 million vs $270.27 million.

QLogic (NASDAQ: QLGC) 2.1% HIGHER; Morgan Stanley upgraded from Underweight to Equalweight.

Finish Line (NASDAQ: FINL) 2% LOWER; Sterne Agee downgraded from Buy to Neutral with a price target of $33.00 (unchanged). Analyst Sam Poser expressed concerns about running.

Gap (NYSE: GPS) 1.5% LOWER; comparable sales for June 2014 were down 2 percent versus a 7 percent increase last year.

Wells Fargo & Co. (NYSE: WFC) 1.2% LOWER; reported Q2 EPS of $1.01, in-line with the analyst estimate of $1.01. Revenue for the quarter was $21.1 billion, versus the consensus of $20.8 billion.

Twitter, Inc. (NYSE: TWTR) 1.2% HIGHER; Goldman Sachs reiterated a Buy rating with a price target of $52. Analyst Heath P. Terry sees continued accelerated pace of innovation for users and advertisers.

Brinker Int'l (NYSE: EAT) 1% LOWER; Wunderlich Securities downgraded from Buy to Hold with a price target of $52 (from $56).

Qualcomm (NASDAQ: QCOM) 1% LOWER; Goldman Sachs downgraded from Conviction Buy to Buy with a price target of $95.00 (unchanged).Analyst Simona Jankowski thinks catalyst have played out. June and Sept. quarter estimates were trimmed.



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