SAIC, Inc. Turned Negative in Late Session
Shares of SAIC, Inc. (NYSE:SAI) closed 0.23% lower to $17.58. The company posted a higher quarterly profit as it won contracts in cyber security and logistics. For the fiscal first quarter ending April 30, net income of the company was $125 million, or 32 cents a diluted share, up 8 percent from $116 million, or 29 cents a share, a year earlier.
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So far the stock fell more than 8% in the last three months of trading sessions. In the last 52-weeks of trading sessions, the stock has traded in the range of $16.65-$19.76.
Cisco Systems Down Over 3%
Cisco Systems, Inc. (NASDAQ:CSCO) lost 3.23% to $22.95 on high volumes. The stock currently has a market capitalization of $131.10 billion. Over the past 52-weeks, the stock traded in the range of $17.82-$27.74. So far this year the stock fell more than 5%.
Cisco Systems, Inc. designs, manufactures and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use.
Quiksilver Soared on Solid Earnings
Quiksilver, Inc. (NYSE:ZQK) increased 2.16% to $4.73. Quiksilver Inc's second-quarter results beat market expectations, helped by robust margins and a strong Asia Pacific business. The retailer posted net income attributable to Quiksilver of $9.4 million, or 7 cents a share for the quarter ended April 30, up from $2.8 million, or 2 cents a share, a year earlier.
Also the company expects third-quarter earnings to be down in the low-single digit range. So far the stock prices have shoot up more than 92% in the last three months of trading sessions.
Apple Inc. Fell with Broader Market
Apple Inc. (Public, NASDAQ:AAPL) lost 2.72% to $255.96. The stock has jumped more than 92% from its 52-week low of $132.88. Today, the stock is trading in the range of $254.63-$261.90. So far the stock fell more than 32% in the last six months of trading sessions.
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Apple Inc. designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, and sells a variety of related software, services, peripherals, and networking solutions.
Bottomline Technologies Plunged on Equity Offering
Bottomline Technologies (NASDAQ:EPAY) was one of the biggest loser and plunged 11.41% to $14.52. The company announced the pricing of an underwritten public offering of 4,200,000 shares of its common stock at a price of $14.50 per share.
Over the past 52 weeks the stock has traded in the range of $7.82-$19.85. The company has a market capitalization of $376.40 million.
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