MAKO PLUMMETS After Announcement to Sell Fewer Robots and 4 Hot Stocks Making the Rounds
Cummins Inc. (NYSE:CMI): William Blair reduced its estimates and price target for Cummins following the company’s slashed guidance, and maintains a Market Perform rating on shares. Among peers, William Blair thinks Caterpillar (NYSE:CAT) will still stick to guidance for the year and that WABCO (NYSE:WBC) will elevate the lower end of its outlook. Shares of Cummins are trading 2.47% lower today.
magicJack VocalTec Ltd (NASDAQ:CALL) was flooded by Option traders on Tuesday following the firm’s raise of second-quarter and full-year guidance. When it was over, the stock was up 9.3% and around 4,100 puts and 5,600 calls had been exchanged, notably passing its average single-session volume of about 1,000 contracts on each side of the tape. Shares of the company are trading 3.62% lower today.
MAKO Surgical Corp. (NASDAQ:MAKO) shares fell notably following the company’s report that it thinks it will sell fewer surgical robots than first planned this year. A number of company officials have sold off millions in company stock lately. Its RIO System robot was created to carry out minimally invasive knee procedures; MAKO now thinks it will sell 42-48 systems, as opposed to its earlier prediction of 52-58 sales this year. MAKO shares are trading 3.63% higher today.
Questcor Pharmaceuticals, Inc. (NASDAQ:QCOR): Jefferies thinks Citron Research’s pessimistic blog post Tuesday about Questcor included some misleading and outdated arguments, and reports it still thinks the technical and commercial difficulties facing generic competition for Questcor’s Acthar are notable. Jefferies maintains a Buy rating on the stock and a price target of $60.
ADTRAN, Inc. (NASDAQ:ADTN) announces a $0.09/share quarterly dividend, aligned with previous. Dividend yield 1.3%. For shareholders of record July 24, payable August 9, and ex-div date of july 20. ADRAN shares are trading 15.59% lower today.
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