Rackspace Hosting Hires Morgan Stanley for Strategic Options; Canadian Solar Inc. Releases Weak Guidance


Follow this company

Companies Mentioned

NYSE:RAX / NASDAQ:GILD / NASDAQ:CSIQ / OTC:BB:WORX
05/19/2014 [ACCESSWIRE]

Rackspace Hosting, Inc. (NYSE: RAX) - For an in-depth report on Rackspace Hosting, Inc. follow: www.BullTrends.com/stockquote/RAX

Shares of Rackspace Hosting closed up 17.73% on about 28.2 million shares traded. The stock was one of the biggest gainers on the NYSE on Friday. The company announced that it has hired Morgan Stanley to explore strategic options for the cloud-service company. The company said that in recent months it has received interest from multiple parties about "exploring a strategic relationship with Rackspace, ranging from partnership to acquisition."

Gilead Sciences Inc. (NASDAQ: GILD) - For an in-depth report on Gilead Sciences Inc. follow: www.BullTrends.com/stockquote/GILD 

Shares of GILD closed up modestly in the green up 0.87% on about 10.5 million shares traded on Friday. It was revealed that Stifel believes that a study of Gilead's GS-9973+idelalisib is "alarming." It keeps a BUY rating however on the company. Gilead terminated GS-9973+idelalisib early due to the development of severe pneumonitis in nine patients.

Canadian Solar Inc. (NASDAQ: CSIQ) - For an in-depth report on Canadian Solar Inc. follow: www.BullTrends.com/stockquote/CSIQ 

Canadian Solar Inc. closed down 12.84% on about 10 million shares traded on Friday. The stock was one of the biggest decliners on the NASDAQ. The company reported mixed first quarter results and weak revenue guidance. The company’s quarterly revenue came in at $466.3 million compared to $519.5 million last quarter, well above Canadian Solar's guidance for a range of $415 million to $430 million. Analysts, on average, were only expecting revenue of roughly $432 million. This translated to earnings of $0.07 per diluted share and came in lower than analysts’ estimates for earnings of $0.12 per share.

Worlds Online Inc. (OTCBB: WORX) - For an in-depth report on Worlds Online Inc. follow:  www.BullTrends.com/stockquote/WORX

Shares of Worlds Online Inc. closed up 13.11% on about 618,000 shares traded on Friday. The stock was one of the biggest gainers in the OTCBB market. The company had no significant news. The company designs and develops software, content, and related technologies for the creation of interactive three-dimensional (3D) Internet sites on the World Wide Web.

 

Disclosure: BullTrends.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures. 

COMMENTS

Leave a comment...
 * 

Your Name
 *