Needham & Company Remains Sidelined on Splunk (SPLK) Following 1Q Revenue Beat and Raise

After-Hours Stock Movers 05/26: (VNDA) (VVEV) (RLYP) Higher; (PANW) (GME) (SPLK) Lower (more...)

May 26, 2016 5:12 PM EDT

Vanda Pharmaceuticals Inc. (Vanda) (Nasdaq: VNDA) 9.9% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has approved Vanda's supplemental New Drug Application (sNDA) for Fanapt®, modifying and expanding the prescribing information (PI) to describe the effectiveness of Fanapt® as a maintenance treatment for schizophrenia in adults. FDA approval was based on the results of the REPRIEVE (Relapse prevention study in patients with schizophrenia) placebo-controlled clinical study which evaluated the long-term maintenance of efficacy and safety of Fanapt®. The study data submitted in the sNDA came from the... More

Splunk (SPLK) Reports In-Line Q1 EPS, Raises FY Rev. Guidance

May 26, 2016 4:04 PM EDT

Splunk (NASDAQ: SPLK) reported Q1 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $186 million versus the consensus estimate of $174.12 million.

GUIDANCE:

Splunk sees Q2 2017 revenue of $198-200 million, versus the consensus of $199.44... More

Options straddle prices into quarterly results and outlook

May 26, 2016 3:42 PM EDT

GameStop (NYSE: GME) May weekly 30 straddle priced for 8% movement.
Palo Alto Networks (NASDAQ: PANW) May weekly 147 straddle priced for 7.9% movement.
Splunk (NASDAQ: SPLK) May weekly 55 straddle priced for 8.5% movement.
Big Lots (NYSE: BIG) June 45 straddle priced for 8.7% movement.

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Splunk (SPLK) May weekly volatility increases into Q1 and outlook

May 26, 2016 10:06 AM EDT

Splunk (NASDAQ: SPLK) May weekly call option implied volatility is at 188, June is at 57, July is at 47; compared to its 52-week range of 35 to 104 into the expected release of Q1 results today.

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Trading Radar for 5/26: Sears (SHLD), Signet (SIG), Deckers (DECK), GameStop (GME), Abercrombie & Fitch (ANF) Report

May 25, 2016 2:41 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 275kContinuing Claims - no Street consensusDurable Orders - Street sees 0.6%Durable Orders: ex-trans - Street sees 0.5%

Earnings:

Abercrombie & Fitch (NYSE: ANF) - consensus loss $0.51
Actions Semiconductor (Nasdaq: ACTS) - no Street... More