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Month: June 2019

Rating downgrade of Lam Research dampens recovery hopes; stock dips 4%

The recovery of Lam Research (LRCX) from last year’s lows had received a boost after the latest earnings report but…

IPO: Things to know as Crowdstrike makes a scintillating market debut

You have probably heard about Crowdstrike already. It has previously unraveled a few high-profile hack incidents, including tracing the 2016…

Summit Therapeutics reports loss of $0.04 per share for Q1

Summit Therapeutics (NASDAQ: SMMT) reported a narrower-than-expected loss for the first quarter of 2019 while revenues missed estimates. The stock…

Globus Maritime reports a decline in Q1 revenue

Shipping company Globus Maritime (Nasdaq: GLBS) reported its Q1 2019 results after the market close. Globus Maritime’s comprehensive loss for…

Capstone Turbine stock rises modestly on Q4 revenue beat

Capstone Turbine (NASDAQ: CPST) reported annual losses that widened to 25 cents per share from 20 cents per share last…

Dave & Buster’s Entertainment stock dips on weak Q1 revenue, FY19 forecast

Dave & Buster’s Entertainment (PLAY) reported a 0.5% rise in earnings for the first quarter of 2019 due to lower…

Top 5 tech M&A announcements so far in 2019

The technology sector is fast evolving with new start-ups offering innovative services popping up on a regular basis. While acquisitions…

CymaBay Therapeutics stock drops to 2-year low after bitter NASH study data

CymaBay Therapeutics (NASDAQ: CBAY) stock fell to a two-year low of $4.82 on Tuesday after disappointing nonalcoholic steatohepatitis (NASH) trial…

Grubhub stock rallies after Amazon exits food delivery business

Whenever Amazon (Nasdaq: AMZN) forays into a new business, the traditional players turn cautious and look for ways to protect…

Slack reports Q1 FY20 results ahead of next week’s direct listing; loss widens despite customer growth

Slack Technologies Inc., which is going to list its Class A common stock directly on June 20 with a ticker…