Gapping up In reaction to strong earnings/guidance: ARRY +13.9%, SCOK +6.9%, BSFT +4.9%, ON +4.8%, CTSH +4.4%, PETS +3.3%, DO +2.5%, RLGY +2.5%, CMCSA +1.7%, BRK.B +1.1%, EXAS +1%, CVC +0.5%
M&A news: CYNI +24.9% (entered into a definitive agreement to be acquired by Ciena (CIEN) for approximately $4.75 per share of Cyan common stock), FRM +19.1% (has received a written non-binding indication of interest from a strategic acquiror for a transaction in which all Furmanite stockholders would receive cash for their shares, at a substantial premium to current market prices), NYT +4.4% (Michael Bloomberg may bid $5 bln for NYT, according to Fox Business)
Other news: IMNP +4.9% (Immune Pharma and STC Biologics announce strategic partnership to accelerate development of NanomAbs), BLRX +4.7% (successful completion dose escalation stage in its ongoing Phase 2 study of BL-8040), NETE +3.4% (entered into a Securities Purchase Agreement to offer and sell 5,500 shares of newly-issued Series A Convertible Preferred Stock having an aggregate offering price of $5.5 mln; also announced 2 other financings), ARRS +2.8% (Arris and Tivo announce partnership on an integration of TiVo software and cloud-based services with ARRIS set-top boxes), ALU +2.6% (in symp with NOK, which was upgraded today), TIVO +2.1% (Arris and Tivo announce partnership on an integration of TiVo software and cloud-based services with ARRIS set-top boxes), CTIC +1.7% ( Baxalta Incorporated discloses 8.7% passive stake in 13G filing), MDR +1.1% (received a large contract amendment from Al-Khafji Joint Operations for a platform in the Hout field), TSLA +0.9% (Edison International (EIX) teams up with Tesla for battery storage projects), WYNN +0.7% (Macau Gaming Inspection and Coordination Bureau reports April gross gaming rev -39% YoY)
Analyst comments: CBYL +9% (initiated with a Outperform at Wedbush; tgt $21), QTM +3.4% (upgraded to Outperform from Market Perform at Northland Capital), WLL +3% (upgraded to Overweight from Equal-Weight at Morgan Stanley), NOK +2.5% (upgraded to Buy at Kepler), JD +2% (target raised to $44 at Oppenheimer), WETF +1.5% (upgraded to Outperform from Mkt Perform at Keefe Bruyette), TWTR +1.4% (upgraded to Hold from Sell at Stifel), LNKD +1.4% (upgraded to Buy from Hold at Argus), WFM +1.1% (target raised to $65 at Oppenheimer), AMZN +0.8% (target raised to $525 at Oppenheimer)