Cisco Beats on Profits and Forecast Tops Estimates; Spirit Reality Capital Prices Secondary Public Offering


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Companies Mentioned

NYSE:SRC / NASDAQ:CSCO / NASDAQ:WIN / PK:VPOR
05/16/2014 [ACCESSWIRE]

Spirit Realty Capital, Inc. (NYSE: SRC) - For an in-depth report on Spirit Realty Capital, Inc. follow: www.BullTrends.com/stockquote/SRC

Shares of Spirit Realty Capital closed up 5.24% on about 47.8 million shares traded. The company priced its secondary public offering of 23 million shares at $10.69 a share. Spirit Realty also also priced $650 million in convertible senior notes, with $350 million of its 2.875% convertible senior notes due in 2019 and $300 million of its 3.75% convertible senior notes due in 2021.

Cisco Systems, Inc. (NASDAQ: CSCO) - For an in-depth report on Cisco Systems, Inc. follow: www.BullTrends.com/stockquote/CSCO

Shares of CSCO closed up 6.01% on nearly 121 million shares traded on Thursday. The stock was one of the biggest gainers on the NASDAQ. The company issued a forecast for fourth-quarter profit and sales that topped analysts’ estimates. The company’s revenue in the current period through July will be $12 billion to $12.3 billion, based on the company’s forecast for a drop of 1 percent to 3 percent. Analysts had estimated on average, sales of $11.8 billion.

Windstream Holdings, Inc. (NASDAQ: WIN) - For an in-depth report on Windstream Holdings, Inc. follow: www.BullTrends.com/stockquote/WIN

Windstream Holdings closed up 2.25% on about 13.3 million shares traded. The stock was one of the most active stocks on the NASDAQ and hit a new yearly high of $9.57 during intra-day trading. The company recently reported first-quarter earnings that came up short of analysts' expectations. Windstream Holdings reported earnings of 4 cents a share, which missed the Capital IQ Consensus Estimate of 8 cents a share. Revenues declined 2.1% year over year to $1.47 billion, which aligned with the consensus estimate.

Vapor Group, Inc. (OTC: VPOR) - For an in-depth report on Vapor Group, Inc. follow:  www.BullTrends.com/stockquote/VPOR

Shares of Vapor Group Inc. closed down 17.58% on about 11 million shares traded. The stock was one of the biggest decliners in the OTC market. The company released a preliminary statement about its first quarter 2014 operating results. For January to March 2014, Vapor Group had gross revenues of approximately $1 million (over $950,000) and a gross profit of over $1/2 million, (over $600,000). Consolidated, PCAOB auditor-reviewed financial statements for the calendar quarter will be released next week following completion of internal reviews.

 

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