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Progress Software Corporation (NASDAQ:PRGS): The company is working to implement its strategic plan, which includes; Cost Reductions (a $55M cost reduction effort was initiated in Q2), Re-investment ($15M is being re-invested into sales, marketing, and product development for core business), Share Repurchase (Progress is committed to finishing $150M of all $350+M authorized repurchase program during this fiscal year), and Divest non-Core product lines (progress has been made toward the divestiture of ten non-Core product lines). Many third parties have shown interest in the product lines, and the company believes it will complete all divestitures by the end of FY13. Shares of Progress Software Corporation are trading 13.65% lower today.
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Centene Corp (NYSE:CNC): The Ohio Department of Job and Family Services have chosen the Buckeye Community Health Plan, Centene’s Ohio subsidiary, as one of five plans that will be given a state contract, beginning January 2013. Under this contract, Buckeye should operated statewide via the state’s newly aligned regions, including; West, Central/Southeast, and Northeast. Both CFC and ABD coverage has been combined into one contract for each region. Shares of Centene Corp are trading 8.98% higher today.
KMG Chemicals, Inc. (NASDAQ:KMGB): The company reports a FQ3 EPS of $0.34 which beats by $0.01, and a revenue totaling $66.6M, up 7.6% year over year, which beats by $5M. Shares of KMG Chemicals, Inc. are trading 1.62% lower today.
Comtech Telecomm. Corp. (NASDAQ:CMTL): Comtech sees FY12 EPS at $1.40-$1.48, consensus $1.37, and it sees an FY12 revenue of $420.0M-$425.0M with a consensus of $421.34M. Shares of Comtech Telecomm. Corp. are trading 4.84% higher today.
Rentrak Corporation (NASDAQ:RENT): the company reports a Q4 EPS (17c) and consensus (3c). Rentrack’s revenue for Q4 totaled $24.6M, consensus $23.96M. Shares of Rentrak Corporation are trading 10.19% lower today.
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