HP’s third CEO Meg Whitman and her turnaround plan, gave the stock a boost on Friday after the Company announced that quarterly revenue and forecasts beat Wall Street expectations. HP estimated fiscal second quarter earnings per share of 80 to 82 cents, which is way above the average that Wall Street had projected at 77 cents. The Company’s fiscal first-quarter revenue shrank 6 percent to $28.4 billion and earned $0.82 a share. This beat the $27.8 billion and $0.71 a share that Wall Street analysts had anticipated on average.
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Aruba Networks, Inc. (Nasdaq: ARUN) – One of the biggest gainers on the Nasdaq on Friday was ARUN, who closed at $25.40 up 22.13%. The stock also hit a new 52-week high of $26.78 during Friday’s trading. This was the biggest gain the stock has seen in more than three years. The move up came after Aruba Networks reported earnings that beat estimates for both profits and sales. Analysts estimated a 19-cent average but the company’s fiscal second quarter earnings were 22 cents a share. The Company also forecasted third-quarter sales of at least $159 mil while analysts estimated $158.2 mil. The Company makes wireless-network equipment for the U.S. military, schools and retailers. On February 15th, Aruba Networks CEO and President bought 40,000 shares. Volume soared on Friday to close at 20,461,312 shares traded, roughly eight times higher than its average of 2,447,370 shares.
Infoblox Inc. (NYSE: BLOX) – Shares of BLOX surged on Friday after the Company reported better than expected fiscal second quarter results on Thursday afternoon. The stock gained 10% in after-hours trading on Thursday. The Company reported fiscal year Q2 revenues of $54.4 million, which is up 32% from a year ago. Revenues were also ahead of the Street consensus forecasted at $51.3 million. Non-GAAP profits were 6 cents a share, also ahead of the Street estimate at 4 cents. For FY Q3, Infoblox Inc. sees revenue of $55 million to $56.5 million, and non-GAAP profits of 6-7 cents a share. The Street consensus had been at $52.7 million and 4 cents. Trading volume on Friday was roughly four times higher than average with the stock closing up 18.07% at $22.61. On February 19th, Exec VP, Engineering for the Company bought 4,600 shares. The stock has a 52-week range of 13.73 - 24.15.
WebMD Health Corp. (Nasdaq: WBMD) – WBMD posted one of the largest percentage increases on the Nasdaq on Friday after posting strong earnings on February 21st. For the fourth quarter ended Dec. 31, WebMD Health beat expectations on revenues and also beat expectations on earnings per share. The Company had revenue of $132.7 million in comparison to the $124.5 million that five analysts polled by S&P Capital IQ anticipated on the same basis. Research firm Stifel Nicolaus upgraded the Company from “hold” to “buy”. WebMD has forecasted that Q1 revenues will be above $105 million, with a net loss from continuing operations of about 6% of revenue. This is also well above the Street consensus for revenue of $93.6 million. The stock closed at $20.44 on Friday, up 25.40%.
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