With Apple Inc. (NASDAQ:AAPL) annual Worldwide Developer’s Conference (WWDC) approaching, the iPhone and iPad maker might shift attention on “smart homes” for the “smart” devices. Apple Inc. (NASDAQ:AAPL) stock opened today at $626.02 and is currently trading at $626.45. The stock showed a positive weekly performance of 3.48%.
FormFactor, Inc. (NASDAQ:FORM) expects revenue for its fiscal second quarter of 2014 to be between $65 and $69 million, higher than the company’s previous revenue guidance of $62 to $66 million. The consensus is $63.54 million. Non-GAAP gross margin is expected to be between 34% to 37%, higher than the company’s previous gross margin guidance of 31% to 34%. Customer demand across the SOC and the DRAM segments are the main drivers for the increase to the company’s expected revenue results. FormFactor, Inc. (NASDAQ:FORM) stock opened at $6.80, in current trading session and currently is at $7.29, by gaining 19.12%. The 52 week range of $4.99 – $7.75. Company’s market capitalization is 404.95 million.
Coming up on June 10th, 2014, Orexigen Therapeutics Inc. (NASDAQ:OREX) expects a Food and Drug Administration (FDA) for it’s weight loss drug NB32 (Contrave). Orexigen Therapeutics, Inc. (NASDAQ:OREX) stock is currently trading at $6.25. The EPS of the stock is -0.82. Company’s market capitalization is 727.05 million.
Qihoo 360 Technology Co (NASDAQ:QIHU) released its earnings data on 27 may. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.20, Stock Ratings News reports. The company had revenue of $265.10 million for the quarter, compared to the consensus estimate of $228.20 million. During the same quarter last year, the company posted $0.14 earnings per share. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock opened the session at $94.31, and now is at $94.84. The 52 week range of the Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock remained $40.05 – $124.42 and the day range was $92.83 – $95.96.
Magnum Hunter Resources (NYSE:MHR) stock is spiking Wednesday after Credit Suisse initiated coverage with an “outperform” rating. A $9 price target was set. Magnum Hunter Resources Corp (NYSE:MHR) stock opened today at $7.95 and is currently trading at $7.73. The stock showed a positive weekly performance of 1.81%.
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