Cisco Systems, Inc. (CSCO: Quote) gained nearly 7 percent to $17.98. The company's first quarter earnings and net sales improved from the previous year period and were above Wall Street view.
Greenbrier Companies (GBX: Quote) gained 0.48 percent to $16.81 after rising nearly 20 percent intra-day based on the news that Carl Icahn has acquired 9.99 percent of its outstanding common stock. The company noted that Icahn has suggested to have further discussions possibly relating to strategic opportunities.
Zynga, Inc. (ZNGA: Quote) improved 0.47 percent to $2.12. The company has appointed Mark Vranesh as its finance chief, succeeding David Wehner, who is leaving to pursue a senior finance position at Facebook, Inc. (FB). The company also announced the appointments of David Ko as chief operations officer, Barry Cottle as chief revenue officer and Steven Chiang as president of games.
Advanced Micro Devices, Inc. (AMD: Quote) fell over 2 percent to $2.04, after closing the day's regular session up 5 percent. Responding to reports that it is exploring options, the company has reportedly stated that it is not actively pursuing a sale of the company or significant assets at this time.
Mosaic Co. (MOS: Quote) fell more than 4 percent to $48.50. The company has lowered its volume guidance for both the Phosphates and Potash segments in the second fiscal quarter of 2013. The company noted that the international crop nutrient market demand has weakened since it announced second quarter guidance in October, primarily as a result of distributors delaying purchases to avoid price risk.
Envivio Inc. (ENVI: Quote) declined nearly 10 percent to $1.70. The company slashed its third quarter revenue guidance. The company noted that global slowdown in spending by its service provider customers has persisted, with sales cycles continuing to lengthen.
Trading in shares of Summer Infant, Inc. (SUMR: Quote) was halted. The company slipped to a loss in its third quarter. The company said it continued to experience a decline in its market capitalization and results against forecast, triggering an interim impairment analysis of goodwill, intangible and long-lived assets.
Trading in shares of Naugatuck Valley Financial Corp. (NVSL: Quote) was halted.
by RTT Staff Writer
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