Corporate News for May 15, 2020

Zacks Equity Research

Fri, May 15, 2020, 10:03 AM1 min read

In this article:

Shares of Applied DNA Sciences, Inc. APDN surged 71.1% after the DNA technology solutions developer announced that it has received FDA emergency use authorization for its coronavirus diagnostic assay kit.
Shares of Immunic, Inc. IMUX soared 5.9% after the clinical-stage biopharmaceutical company reported it received the first regulatory approval from German Health Authority BfArM to initiated a Phase 2 clinical trial of its selective oral DHODH inhibitor, IMU-838, in coronavirus patients.
Shares of Cisco Systems, Inc. CSCO rose 4.5% after the company’s third-quarter fiscal 2020 earnings of 79 cents per share beat the Zacks Consensus Estimate by 9.7%.
Shares of Virtusa Corporation VRTU lost 20.7% after the company reported fiscal Q4 2020 earnings of $0.41 per share, which missed the Zacks Consensus Estimate of $0.59.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report

Applied DNA Sciences Inc (APDN) : Free Stock Analysis Report

Virtusa Corporation (VRTU) : Free Stock Analysis Report

Immunic, Inc. (IMUX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’
"We are not very ambitious. I should be careful about talking about work-life balance, but the Americans just work harder.”
Fortune•1d ago
Warren Buffett Says 'When It Rains Gold, Put Out The Bucket' And This High Yield Investment Is Making It Rain
In his 2016 letter to Berkshire Hathaway shareholders, legendary investor Warren Buffett wrote, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we ...
Benzinga•18h ago
The US economy may be barrelling towards stagflation, an outcome worse than recession
As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely.
Business Insider•9h ago
1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club
The combination of artificial intelligence (AI) and cybersecurity is a match made in heaven.
Motley Fool•3h ago
Rooting for Trump to fail has made his stock shorters millions
Rooting for Donald Trump to fail has rarely been this profitable. Just ask a hardy band of mostly amateur Wall Street investors who have collectively made tens of millions of dollars over the past month by betting that the stock price of his social media business — Truth Social — will keep dropping despite massive buying by Trump loyalists and wild swings that often mirror the candidate’s latest polls, court trials and outbursts on Trump Social itself.
Associated Press Finance•7h ago
Microsoft beats Q3 top and bottom lines on cloud strength
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
Yahoo Finance•2h ago
Investors brace for 5% Treasury yields as US inflation worries mount
As U.S. inflation worries grow, some investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October. Bond yields, which move inversely to prices, have climbed in recent weeks as signs of persistent inflation erode expectations for how deeply the Federal Reserve will be able to cut interest rates without further fueling consumer prices. Many investors are betting further weakness lies ahead for bonds.
Reuters•6h ago
1 Stock I Wouldn't Touch With a 10-Foot Pole
This company told investors it might go out of business.
Motley Fool•3h ago
Why Are Shares of Intel Stock Crashing After Earnings?
Intel stock dropped 9% after the company reported Q1 earnings. Is it a buy right now?
Motley Fool•4h ago
Exxon misses on Q1 profit despite big gains in Guyana
HOUSTON (Reuters) -Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted first-quarter earnings of $8.22 billion, or $2.06 per share, compared to an $11.43 billion net profit a year ago. Earnings from oil and gas production fell 14% on lower natural gas prices and refining tumbled 67% on weaker margins and investment and tax costs.
Reuters•47m ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Corporate News for May 15, 2020

Recommended Stories

‘Americans just work harder’ than Europeans, says CEO of Norway’s $1.6 trillion oil fund, because they have a higher ‘general level of ambition’

Warren Buffett Says 'When It Rains Gold, Put Out The Bucket' And This High Yield Investment Is Making It Rain

The US economy may be barrelling towards stagflation, an outcome worse than recession

1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club

Rooting for Trump to fail has made his stock shorters millions

Microsoft beats Q3 top and bottom lines on cloud strength

Investors brace for 5% Treasury yields as US inflation worries mount

1 Stock I Wouldn't Touch With a 10-Foot Pole

Why Are Shares of Intel Stock Crashing After Earnings?

Exxon misses on Q1 profit despite big gains in Guyana