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Biolase Technology, Inc. (NASDAQ:BLTI) – Expansion Plans Spur Breakout
Friday, June 10, 2011 - 6:47am | 608Biolase Technology, Inc. (NASDAQ:BLTI) is a medical technology company that designs, manufactures and markets dental, cosmetic and surgical lasers and related products. The company is a leader in the dental laser technology industry. At the beginning of this week, the company issued the following...
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JP Morgan Upgrades NxStage Medical To Overweight, $26 PT
Friday, June 10, 2011 - 6:23am | 25JP Morgan has upgraded NxStage Medical (NASDAQ: NXTM) from Neutral to Overweight and maintains its $26 price target.
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Top 4 Stocks In The Drug Delivery Industry With The Highest Operating Margin
Friday, June 10, 2011 - 12:53am | 131Below are the top drug delivery stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at Valeant Pharmaceuticals International Inc (NYSE: VRX) is 27.84%. VRX's revenue for the same period is $1.53 billion. The trailing-twelve-month operating...
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Mad Money Lightning Round OT: Cramer Likes UVV (VVTV, KCI, UVV)
Thursday, June 9, 2011 - 7:51pm | 165On CNBC's Mad Money Lightning Round OT, Jim Cramer said that ValueVision Media, Inc. (NASDAQ: VVTV) has the revenue, but it doesn't have the profits. In this kind of market, Cramer doesn't want to buy stock like this one. ValueVision Media, Inc. (VVTV) gained 1.33% today, and it closed at $6.84....
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UPDATE: TomoTherapy Shareholders Approve Accuray Acquisition of TomoTherapy
Thursday, June 9, 2011 - 12:27pm | 116Accuray Incorporated (Nasdaq: ARAY) announced today that TomoTherapy shareholders have approved the proposed acquisition of TomoTherapy Incorporated (Nasdaq: TOMO) by Accuray. More than 98 percent of votes cast and 79 percent of shares outstanding were voted in favor of the transaction. The...
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TomoTherapy Shareholders Approve Merger
Thursday, June 9, 2011 - 12:02pm | 55TomoTherapy Incorporated (NASDAQ: TOMO) today announced that TomoTherapy shareholders have approved the Agreement and Plan of Merger, dated as of March 6, 2011, which provides for the acquisition by Accuray Incorporated (NASDAQ: ARAY) of all of the outstanding shares of TomoTherapy.
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China North East Petroleum Trading over 19% Higher After Buyback
Thursday, June 9, 2011 - 10:04am | 54China North East Petroleum Holdings Limited (NYSE: NEP) today announced that its Board of Directors has approved a share repurchase program for up to $5 million of its common stock. Read more here.
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CASMED Raises $15 Million in Private Placement
Thursday, June 9, 2011 - 9:45am | 166CAS Medical Systems (Nasdaq: CASM) today announced that it has closed a private placement with Thomas, McNerney & Partners for the issuance of a combination of a Convertible Preferred Stock and non-voting Exchangeable Preferred Stock for gross proceeds of $15,000,000. The Company intends to use...
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China North East Petroleum Announces Stock Buyback Program of Up to $5M
Thursday, June 9, 2011 - 8:31am | 255China North East Petroleum Holdings Limited (NYSE: NEP) today announced that its Board of Directors has approved a share repurchase program for up to $5 million of its common stock. Mr. Jingfu Li, CEO of China North East Petroleum commented, "Based on current market conditions, our strong balance...
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Jefferies Maintains Buy on Insulet
Thursday, June 9, 2011 - 8:19am | 71Jefferies is out with its report today on Insulet (NASDAQ: PODD), maintaining Buy. In a note to clients, Jefferies writes, "As profitability is emerging, EV/Sales is the best valuation method. We use the 5.0x current multiple rolled forward to 2012 EV/Sales to arrive at a $24/share target and we...
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Piper Jaffray Reiterates Overweight on Edwards Lifesciences
Thursday, June 9, 2011 - 7:22am | 124Piper Jaffray reiterated its Overweight rating on Edwards Lifesciences (NYSE: EW) after attending the Transcatheter Valve Therapies meeting. In a research report published today, Piper Jaffray states, "We expect FDA approval of EW's transcatheter valve system yet this year (mid-October is our...
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Integra Announces Private Placement of Convertible Senior Notes
Thursday, June 9, 2011 - 7:11am | 249Integra LifeSciences Holdings Corporation (Nasdaq: IART) today announced that it has commenced a private offering, subject to market conditions, of $200,000,000 aggregate principal amount of convertible senior notes due 2016. Integra expects to grant the initial purchasers of the notes a 30-day...
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Stocks to Watch: Fresh 52-Week Highs and Lows
Thursday, June 9, 2011 - 4:33am | 823The following stocks hit new 52-week highs in Wednesday's trading session: 1) 8x8 (NASDAQ: EGHT): Shares of 8x8 hit a 52-week high of $3.97 in Wednesday's session. The stock was heavily sold into, however, finishing 7.7% lower on the day at $3.48. The year-to-date performance of 8x8 is a gain of...
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Bard Increases Quarterly Dividend by 6% to $0.19
Wednesday, June 8, 2011 - 4:05pm | 51The Board of Directors of C. R. Bard, Inc. (NYSE: BCR) today increased the quarterly dividend on Bard's common stock by 6 percent, to 19 cents per share. The dividend is payable on August 5, 2011 to shareholders of record at the close of business on July 25, 2011.
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Deutsche Bank Provides Color on Covidien, Buy
Wednesday, June 8, 2011 - 9:20am | 111Deutsche Bank provided color on Covidien (NYSE: COV) after Bloomberg published an article about the company's plans for its pharmaceuticals business. In a research report published today, Deutsche Bank states, "Last evening a Bloomberg article stated that Covidien had been working with an...