Market Movers: Sandy Spring Bancorp (NASDAQ:SASR), Level 3 Communications (NYSE:LVLT), Cypress Semiconductor Corporation (NASDAQ:CY), Accelrys, Inc. (NASDAQ:ACCL)

Sandy Spring Bancorp, Inc., (NASDAQ:SASR) the parent company of Sandy Spring Bank, on 17 April reported net income for the first quarter of 2014 of $10.9 million ($0.43 per diluted share). Sandy Spring Bancorp Inc. (NASDAQ:SASR) shares after opening at $24.33 moved to $24.71 on last trade day and at the end of the day closed at $24.44. Company price to sales ratio in past twelve months was calculated as 4.13 and price to cash ratio as 8.28. Sandy Spring Bancorp Inc. (NASDAQ:SASR) showed a positive weekly performance of 4.44%.

Level 3 Communications, Inc. (NYSE:LVLT), which delivers some of the most-watched sporting events in the world, on 17 April announced the University of Notre Dame can now support the delivery of professional quality, high-definition broadcasts using Level 3’s Vyvx VenueNet Lite technology. Level 3 Communications, Inc. (NYSE:LVLT) shares fell -0.57% in last trading session and ended the day on $38.49. LVLT return on equity ratio is recorded as -9.10% and its return on assets is -0.80%. Level 3 Communications, Inc. (NYSE:LVLT) yearly performance is 91.02%.

Cypress Semiconductor Corp. (NYSE:CY) released its earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07, American Banking and Market News reports. The company had revenue of $170.28 million for the quarter, compared to the consensus estimate of $169.00 million. Cypress Semiconductor Corporation (NASDAQ:CY) shares moved up 1.75% in last trading session and was closed at $9.91, while trading in range of $9.45 – $10.33. Cypress Semiconductor Corporation (NASDAQ:CY) year to date (YTD) performance is -4.62%.

Dassault Systèmes is extending its tender offer to purchase all outstanding shares of Accelrys Inc. (NASDAQ:ACCL) until midnight of April 22, 2014, Accelrys, Inc. (NASDAQ:ACCL) weekly performance is 0.16%. On last trading day company shares ended up $12.50. Accelrys, Inc. (NASDAQ:ACCL) distance from 50-day simple moving average (SMA50) is 0.10%. Analysts mean target price for the company is $12.50.