Market Movers: Goodrich Petroleum Corp. (NYSE:GDP), Ciena Corporation (NYSE:CIEN), the Rubicon Project (NYSE:RUBI), Owens-Illinois (NYSE:OI), ZaZa Energy Corporation (NASDAQ:ZAZA)

On 10 December Goodrich Petroleum Corp. (NYSE:GDP) announced its preliminary capital expenditure budget for 2015 of $150 million-$200 million, with flexibility to accelerate with improvement in oil prices and the monetization of certain assets. The company expects oil-directed capital to be in excess of 95% of the total. Goodrich Petroleum Corp. (NYSE:GDP) in last trading activity advanced 14.21% to close at $4.26. Company weekly performance is 8.95% while its quarterly performance stands at -76.99%. Goodrich Petroleum Corp. (NYSE:GDP) is -86.04% away from its 52 week high.

On 4 December Ciena Corporation (NYSE:CIEN) said that it has come up with a new software solution — Agility Matrix — to create a new business model for Managed Services Providers (MSPs). Agility Matrix focuses on delivering a more profitable strategy for designing new network services and expanding the existing ones using a web interface and consumption-based billing model. On last trading day Ciena Corporation (NYSE:CIEN) advanced 6.96% to close at $18.14. Its volatility for the week is 5.02% while volatility for the month is 3.44%. CIEN’s sales growth for past 5 years was 18.20% and its EPS growth for past 5 years was -31.80%. Ciena Corporation (NYSE:CIEN) monthly performance is 18.41%.

On 17 November Rubicon Project, Inc. (NYSE:RUBI) said it has strengthened its direct order automation technology with the acquisition of iSocket and Shiny Ads. On last trading day the Rubicon Project, Inc. (NYSE:RUBI) advanced 4.92% to close at $14.93. Its volatility for the week is 4.40% while volatility for the month is 4.57%. Rubicon Project, Inc. (NYSE:RUBI) monthly performance is 18.49%.

Owens-Illinois, Inc. (NYSE:OI) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Thursday. Owens-Illinois, Inc. (NYSE:OI) has 0.10% insider ownership while its institutional ownership stands at 96.90%. In last trading activity company’s stock closed at $24.86.

On 12 November ZaZa Energy Corporation (NASDAQ:ZAZA) announced results for its third quarter and for the nine months ended September 30, 2014. For the quarter ended September 30, 2014, the Company reported total revenues of $2.7 million, as compared to $1.1 million for the comparable 2013 period, an increase of approximately 144%. Operating costs and expenses for the third quarter ended September 30, 2014 were $6.3 million as compared to $15.2 million in the same 2013 period. On Thursday shares of ZaZa Energy Corporation (NASDAQ:ZAZA) closed at $1.59. Company’s sales growth for last 5 years was -23.60%

Leave a Reply

Your email address will not be published. Required fields are marked *