Smith & Wesson Shares SOAR and 4 Hot Stocks to Watch
ValueClick (NASDAQ:VCLK) says it predicts its Q2 revenue to be at the high end or above former estimates, due to strong growth in its media segment, and it added $100M for its share buyback program. The Internet advertising company’s May view predicted revenue between $155M and $160M, lower than analyst estimates, and anticipated media revenue growth greater than 85%.
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Smith & Wesson (NASDAQ:SWHC) shares were boosted during after-hours trading on Thursday following the gun maker’s announcement that its Q4 net income soared due to strong sales, mainly of polymer pistols and modern sporting rifles. The company’s forecasts now beat expectations. The shares rose over 15% after hours.
Cisco Systems (NASDAQ:CSCO) reported earlier this week that Chief Strategy Officer Ned Hooper will resign for his own investment firm and will be replaced by Chief Technology Officer Padmasree Warrior. Also, Cisco Systems has begun a partnership with Evergreen to develop urban sustainability innovations. By market close, shares of Cisco ended up 1.49% lower to U.S. $16.48 on more than 56.59M shares, which is well above its 40.60M share 30-day average volume.
Oracle Corporation (NASDAQ:ORCL) has released the Oracle FLEXCUBE 12.0, the newest Oracle FLEXCUBE banking platform. This launch includes features enabling banks to deliver more personalized and convenient service to customers on all channels. It also provides a harmonized infrastructure as well as an open environment for development allowing more flexibility in deployment options an path upgrading.
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