StreetInsider.com Pre-Open Movers 5/17: (HALO) (ORMP) (CLSN) Higher; (ARUN) (ADSK) (BRCD) Lower (more...)

May 17, 2013 9:31 AM EDT
Aruba Networks, Inc. (NASDAQ: ARUN) 27% LOWER; reported Q3 EPS of $0.11, $0.04 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $147.1 million versus the consensus estimate of $154.59 million. Sees Q4 revenue of $148 to $150 million vs estimate of $152.8 million. Sees Q4 EPS of $0.10 to $0.12 vs estimate of $0.16. 10 downgrades

Halozyme Therapeutics, Inc. (Nasdaq: HALO) 14% HIGHER; continued upside ahead of ASCO

Oramed Pharmaceuticals Inc. (Nasdaq: ORMP) 14% HIGHER; announced that the United States Food and Drug Administration (FDA) has cleared the Company's Investigational New Drug application(IND) for ORMD-0801, its oral insulin capsule.

Celsion Corporation (NASDAQ: CLSN) 13% HIGHER; announced today that Professor Riccardo Lencioni, MD, FSIR, EBIR, 2013 WCIO Program Chairman and the Director of the Division of Diagnostic Imaging and Intervention at Pisa University School of Medicine in Italy and Lead European Principal Investigator for the HEAT Study and Professor Ronnie T.P. Poon, MD, MS, PhD, FRCS(Edin), FACS, Professor of Surgery at the University of Hong Kong and Lead Asia Pacific Principal Investigator for the HEAT Study conducted separate scientific discussions reviewing the clinical trial results from the Company's Phase III HEAT Study including new emerging findings from the HEAT Study post-hoc analysis at the 9th Annual Meeting of the World Conference on Interventional Oncology, which is being held on May 16 to 20, 2013 in New York City.

Autodesk, Inc. (NASDAQ: ADSK) 8% LOWER; reported Q1 EPS of $0.42, $0.03 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $570 million versus the consensus estimate of $583.4 million. Autodesk, Inc. sees Q2 2013 EPS of $0.39-0.44, versus the consensus of $0.45. Autodesk, Inc. sees Q2 2013 revenue of $550-570 million, versus the consensus of $596.8 million.

Brocade Communications (NASDAQ: BRCD) 5% LOWER; reported Q2 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $538.8 million versus the consensus estimate of $544.24 million.

Ruckus Wireless, Inc. (NASDAQ: RKUS) 2% HIGHER; upgraded to Buy at Goldman

Nordstrom, Inc. (NYSE: JWN) 3% LOWER; reported Q1 EPS of $0.73, $0.03 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $2.66 billion versus the consensus estimate of $2.8 billion. Total Company same-store sales increased 2.7 percent compared with the same period in fiscal 2012.

Kansas City Southern (NYSE: KSU) 2% HIGHER; to Replace Dean Foods (DF) in S&P 500

Advanced Micro Devices, Inc. (NYSE: AMD) 2% HIGHER; rebounds from yesterday's Goldman downgrade

J.C. Penney Co., Inc. (NYSE: JCP) 2% LOWER; reported Q1 EPS of ($1.31), $0.45 worse than the analyst estimate of ($0.86). Revenue for the quarter came in at $2.64 billion versus the consensus estimate of $2.72 billion. Comparable store sales decreased 16.6 percent for the quarter and were negatively impacted by the ongoing transformation of the home department.

Viasat, Inc. (NASDAQ: VSAT) 2% HIGHER; reported Q4 EPS of $0.19, $0.17 better than the analyst estimate of $0.02. Revenue for the quarter came in at $308.7 million versus the consensus estimate of $285.17 million.

Tesla Motors, Inc. (NASDAQ: TSLA) 2% HIGHER; prices 3.39M share offering at $92.94

Northrop Grumman (NYSE: NOC) 2% HIGHER; announced today that its board of directors has authorized an additional $4 billion for the repurchase of the company's common stock. With today's authorization, the company's outstanding share repurchase authorizations total approximately $5 billion. Northrop Grumman currently plans to repurchase shares with the goal of retiring approximately 25 percent of its shares outstanding by the end of 2015, market conditions permitting. Share purchases will take place from time to time, subject to market conditions and management's discretion, in the open market or in privately negotiated transactions. As of March 31, 2013, Northrop Grumman had approximately 235 million shares outstanding.

Ambac Financial Group, Inc. (NASDAQ: AMBC) 2% HIGHER; new Buy at BTIG


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