Shares of BlackBerry Limited (BBRY) were down marginally in early market trading. BlackBerry and T-Mobile US (TMUS) today announced that the BlackBerry Classic smartphone will be made available in T-Mobile retail stores, and on its network beginning May 13, 2015.
“People who love BlackBerry smartphones and want to use one on America’s fastest nationwide 4G LTE network now have that choice,” said in a press release John Legere, president and CEO of T-Mobile. “Bringing BlackBerry into our device line-up now also stokes Un-carrier 9.0, which is all about bringing the Un-carrier revolution to business.”
BBRY shares recently lost $0.03 to $9.77. In the past 52 weeks, shares of Waterloo, Canada-based smartphone maker have traded between a low of $7.16 and a high of $12.63. Shares are up 27.77% year-over-year ; down 10.75% year-to-date.
Shares of Emcore Corporation (EMKR) were up 7.64% to $5.99 this morning, following company’s intention to commence a dutch auction tender offer for up to $45 million of common stock. The company said it intends to finance the share repurchase from proceeds from the sale of the Space Photovoltaics business and the Telecommunications Fiber Optics business.
“The tender offer reflects our continued commitment to enhancing shareholder value,” stated Jeffrey Rittichier, Chief Executive Officer of EMCORE.
Shares of Atmel Corporation (ATML) were up more than 8.50% to $8.20 this morning on news the company’s President and CEO, Steven Laub, has decided to retire as an officer and director as of August 31, 2015. Atmel said Mr. Laub will continue to serve in his current capacities while an orderly leadership transition is accomplished.
Atmel Corp. on Wednesday reported Q1/15 results that top Wall Street estimates.
Shares of SunEdison, Inc. (SUNE) surged over 9 percent Thursday following company’s announcement of acquisition of seven renewable energy portfolios and corporate platforms in Brazil, China, India, Peru, Chile, South Africa, and Uruguay. SunEdison also annnounced that its emerging markets YieldCo TerraForm Global has filed a registration statement for proposed initial public offering.
SunEdison this morning reported a first-quarter loss of $372 million.
Shares of Varonis Systems, Inc. (VRNS) tumbled nearly 20% to $21.46 in market trading Thursday morning, putting them on track to extend their 2015 slump of 35%. The plunge being attributed to a loss of $12.7 million in the company’s first quarter earning results. The data-management software firm also guided Q2/15 EPS of ($0.31) – ($0.28) versus consensus of ($0.16) per share. It issued revenue projection of $28.50 – $29.30 million, compared to the consensus revenue estimate of $31.82 million.
In other VRNS news this morning, the name was downgraded to ‘Hold’ from ‘Buy’ at Needham.
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