Vector Capital Shows Interest for Covisint (COVS); Dycom Industries (DY) Surpasses Wall Street Expectations
Covisint Corp. (Nasdaq:COVS) stock finished Tuesday’s trading session in negative territory by 4.57% at $1.88 per share.
Covisint said after the closing bell that it has received an unsolicited overture from San Francisco-based Vector Capital indicating its interest to acquire – not specifying any price – the information technology company, sending its shares up in late trading.
Covisint, which provides an open, developer-friendly, enterprise-class cloud platform, has 40.43M Shares Outstanding, Market Capitalization (intraday) of $76.01M and COVS stock one-year range is between $1.50 and $3.33 per share
Shares of Dycom Industries Inc. (NYSE:DY) soared over 10% in after-hours trading Tuesday as the company delivered in its financial results quarterly profit and revenue numbers well-above Wall Street analysts’ expectations
For its third quarter fiscal 2016, Dycom posted contract revenues of $664.6 million, a 34.9% increase year over year, and non-GAAP net income (excluding non-recurring items) of $35.7 million, or $1.08 per diluted share, compared to non-GAAP net income of $20.3 million, or $0.58 per diluted share in the same quarter the prior year, easily surpassing the Capital IQ Consensus Estimate of $0.74 earnings per share on revenues of $597.8 million for theperiod
DY stock closed at $72.52, up $0.93 (or +1.30%) with a total volume of 939,164 traded during the day
Dycom Industries, a leading provider of specialty contracting services throughout the United States and in Canada, has 31.34M Shares Outstanding, Market Capitalization (intraday) of $2.27B and DY stock 52-week range is from $47.10 to $90.82 per share
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