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Stock Market & Financial Investment News

News Breaks
July 11, 2014
14:15 EDTARUN, RKUSRuckus, Aruba advance after FCC approves new school WiFi program
Shares of Ruckus Wireless (RKUS) and Aruba Networks (ARUN) are rising after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Ruckus and Aruba provide products used for WiFi networks. WHAT'S NEW: The FCC said it would allocate $2B over the next two years to subsidize the launch of WiFi connections at schools and libraries. For the following three years, the agency said it would look to spend $1B annually on the project. The FCC said the funds would be "distributed fairly to all schools and libraries while recognizing the needs of the nationís rural and poorest school districts." PRICE ACTION: In mid-afternoon trading, Ruckus surged 5.5% to $11.62 and Aruba advanced 4.6% to $17.04.
News For RKUS;ARUN From The Last 14 Days
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October 9, 2015
07:11 EDTRKUSRuckus Wireless should be bought ahead of results, says Oppenheimer
After conducting checks, Oppenheimer is upbeat on Ruckus' 2H15 outlook, predicting that the company's results will be at least in-line with expectations. The checks "showed strong demand across verticals," according to the firm, which recommends that investors buy the shares ahead of the company's Q3 results. Oppenheimer keeps an Outperform rating on the shares.
October 6, 2015
13:50 EDTRKUSRuckus Wireless to hold an investor webcast
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October 5, 2015
18:56 EDTRKUSOn The Fly: After Hours Movers
HIGHER: Regulus Therapeutics (RGLS), up 8.7% after the company announced that it will present new preclinical data on RG-012 for kidney disease... Palatin Technologies (PTN), up 9.6% after director Robert deVeer Jr. buys 10,000 shares of common stock... Arena Pharmaceuticals (ARNA), up 4.7% after CEO Jack Lief announced his retirement and Harry Hixson was named interim CEO... DuPont (DD), up 5.9% after CEO and chair Ellen Kullman retires... Ruckus Wireless (RKUS), up 4.9% after joining the S&P 600... Starz (STRZA), up 10.1% after the LA Times reports that Lionsgate (LGF) is in advanced talks to merge with Starz. DOWN AFTER EARNINGS: Container Store (TCS), down 10.4%. ALSO LOWER: Sarepta Therapeutics (SRPT), down 3.8% after filing to sell $125M of common stock... Haemonetics (HAE), down 12.2% after lowering its fiscal 2016 outlook... Energy XXI (EXXI), down 8.3% after filing a $500M mixed securities shelf... Mallinckrodt (MNK), down 1.6% after announcing that it will provide a business update and financial guidance for the fiscal year ending September 30, 2016, on an investor call on October 6.
18:16 EDTRKUSS&P announces changes to the S&P 400, 600 indices
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17:19 EDTRKUSRuckus Wireless to replace Cyberonics in S&P 600 as of 10/7 close

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