Early Day Notes: Orbital ATK, Inc., Finjan Holdings (NASDAQ:FNJN), Community Health Systems (NYSE:CYH), VirnetX Holding Corp (NYSEMKT:VHC), Qunar Cayman Islands Limited (NASDAQ:QUNR)

Posted by on Jan 15, 2016

Orbital ATK, Inc. (NYSE:OA) shares fell -0.80% in last trading session and ended the day at $87.49. OA Gross Margin is 20.70% and its has a return on assets of 8.40%. Orbital ATK, Inc. (NYSE:OA) quarterly performance is 11.61%.

Orbital ATK, Inc. (NYSE: OA), announced it has been selected by NASA for a second contract to provide commercial cargo delivery and disposal services to and from the International Space Station (ISS). Under the Commercial Resupply Services-2 (CRS-2) contract, the company was awarded six initial cargo missions, valued at about $1.2-$1.5 billion, to be carried out beginning in 2019. Depending on the spacecraft/launch vehicle configurations used, these initial missions will deliver approximately 22,500-26,500 kilograms (or 49,000-58,000 pounds) of supplies and equipment to the orbiting laboratory. Later in the contract, NASA may award additional missions for the 2021-2024 period based on operational requirements of the ISS.

Finjan Holdings, Inc. (NASDAQ:FNJN) ended the last trading day at $1.04. Company weekly volatility is calculated as 14.39% and price to cash ratio as 3.27. Finjan Holdings, Inc. (NASDAQ:FNJN) showed a weekly performance of -7.96%.

Finjan Holdings, Inc. (NASDAQ: FNJN), announced that the Patent Trial and Appeal Board (PTAB) for the United States Patent & Trademark Office (USPTO) denied six of Symantec Corporations petitions for Inter Partes Review (IPR) of Finjan patents with two serial petitions denied on 7,756,996 (‘996 Patent), and further denials on Finjan’s patents 8,141,154 (‘154 Patent), 8,015,182 (‘182 Patent), 7,930,299 (‘299 Patent) and 7,757,289 (‘289 Patent). The patent lawsuit filed in July of 2014 (CAND-3-14-cv-02998) against Symantec will continue with these and three other Finjan patents, as originally filed. The other Finjan patents in the litigation include, US Patent Nos. 6,154,844, 7,613,926, and 8,677,494.

On 14 January, Community Health Systems, Inc. (NYSE:CYH) shares advanced 3.36% and was closed at $20.61. CYH EPS growth in last 5 year was -13.00%. Community Health Systems, Inc. (NYSE:CYH) year to date (YTD) performance is -22.31%.

On 7 January, Community Health Systems, Inc. (NYSE:CYH) announced that it is revising the projected timeline to complete its previously announced spin-off of Quorum Health Corporation due to various reasons, including market conditions, and now expects the transaction to be completed during the first half of 2016. On August 3, 2015, Community Health Systems announced its plans to form Quorum Health Corporation by spinning off to its stockholders a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management advisory and consulting business.

VirnetX Holding Corp (NYSEMKT:VHC) shares advanced 48.79% in last trading session and ended the day at $3.69. VHC has a return on assets of -40.50%. VirnetX Holding Corp (NYSEMKT:VHC) quarterly performance is -7.98%.

At a meeting of the Compensation Committee of the Board of Directors (the “Compensation Committee”) of VirnetX Holding Corporation (NYSEMKT:VHC) held on January 4, 2016, the Compensation Committee reviewed the Company’s performance in 2015 and the contributions that Kendall Larsen, the Company’s Chief Executive Officer, President and Chairman, and Richard Nance, the Company’s Chief Financial Officer, made to such performance. Following this review, the Compensation Committee exercised its discretion in determining to pay Mr. Larsen 75% of his 2015 target bonus and to pay Mr. Nance 75% of his 2015 target bonus, in light of the Company’s overall performance for the year and their respective contributions in achieving this performance.

Qunar Cayman Islands Limited (NASDAQ:QUNR) caters to the Services space. It has a net profit margin of -87.80% and weekly performance is 20.35%. On the last day of trading company shares ended up at $44.89. Qunar Cayman Islands Limited (NASDAQ:QUNR) distance from 50-day simple moving average (SMA50) is -6.39%.

Qunar Cayman Islands Limited (NASDAQ:QUNR) announced changes to its management and board of directors (the “Board”), which are effective as of January 4, 2016. Mr. Zhenyu Chen, Qunar’s Executive Vice President and Head of Mobile Business Group, has been appointed as Qunar’s chief executive officer. Mr. Qiang Zhang, Qunar’s Executive Vice President and Head of Destination Services Business Group, will assume the role of its chief operating officer. Mr. Xiaolu Zhu, Qunar’s Senior Director of Strategy and Investor Relations, has been appointed as Qunar’s chief financial officer.

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