Morning Market Movers

Halozyme Therapeutics HALO climbed 17.57% to $9.50 after the company reported that it will resume PEGPH20 clinical program in pancreatic cancer. Ciena CIEN shares gained 16.90% to $22.20 after the company reported upbeat fiscal second-quarter earnings. Ciena now projected Q3 revenue of $585 million to $615 million. Microvision MVIS gained 15.34% to $2.03 after the company reported that it is collaborating with a major global electronics brand to develop a display engine for smartphone. Verint Systems VRNT rose 11.83% to $52.10 after the company reported upbeat first-quarter results and lifted its full-year forecast. Bio-Reference Laboratories BRLI climbed 8.66% to $29.10 after the company reported stronger-than-expected quarterly results. Superior Drilling Products SDPI jumped 8.26% to $6.55 after the company reported that it has been awarded patent for Drill-N-Ream tool. Bankrate RATE shares jumped 7.83% to $16.11. RBC Capital upgraded Bankrate from Sector Perform to Outperform. Abraxas Petroleum AXAS shares surged 6.45% to $4.95 after the company lifted its FY14 production forecast to 5,500-5,700 Boepd.