Vital Images Inc. (NASDAQ:VTAL)- Toshiba Corporation (TYO:6502) announced that its sub-subsidiary will fully acquire Vital Images, Inc. through takeover bid, no later than May 11, 2011. The price of share purchase is USD 18.75 per share. Under the terms of the agreement, which has been unanimously approved by each of Vital Images’ and TMSC’s boards of directors, Vital Images’ shareholders will receive $18.75 in cash for each outstanding share of Vital Images common stock they own. This represents a 39 percent premium over the volume-weighted average Vital Images share price for the past 30 calendar days.
LoopNet Inc. (NASDAQ:LOOP)- CoStar Group Inc (NASDAQ:CSGP), an information service provider to REITs, agreed to buy LoopNet Inc for about $860 million in cash and stock, to double its paid subscriber base. LoopNet is a commercial real estate information services provider and operates LoopNet.com, which is a commercial real estate listing service with over 4 million members.
InfoSpace Inc. (NASDAQ:INSP)- InfoSpace, Inc. reported a higher profit for the first quarter, despite revenues edging down, reflecting lower costs. Both earnings per share and quarterly revenues topped analysts’ expectations. The company’s stock surged nearly 20 percent after it provided earnings and revenue guidance for the second quarter, above Street view.
NutriSystem Inc. (NASDAQ:NTRI)- Nutrisystem, Inc., a leading provider of weight management products and services, today reported financial results for the first quarter 2011. The company also announced that the Board of Directors has declared a quarterly dividend of $0.175 per share, payable May 19, 2011, to shareholders of record as of May 9, 2011. Joe Redling, Chairman and Chief Executive Officer, said, “First quarter results improved dramatically after our slow start to the year as consumers responded to our ‘Rollback’ price promotion, which featured Nutrisystem’s best food selections at our lowest prices since 2003. Customer starts improved as the quarter progressed, and we experienced significant gains in response and conversion.”
Newport Corporation (NASDAQ:NEWP)- Newport’s CEO Mr. Robert Phillippy Discusses Q1 2011 Results and reported that the Newport team continued our track record of solid execution in the first quarter of 2011 and delivered another strong financial performance. Its orders of $129.7 million and sales of $128.4 million were both records for the first quarter of the year. Company net income and earnings per share were also exceptionally strong, led by our gross margin of 45.1%, which achieved one of its long-standing targets.
Sino Clean Energy Inc. (NASDAQ:SCEI)- stock rose 3.91 percent to $2.92 in the after-market trading. The company said its board of directors has appointed Joseph Levinson as an independent director and a member and Chairman of the Board’s Audit committee, effective April 27.
Cubist Pharmaceuticals Inc. (NASDAQ:CBST)- In the past 52 weeks, shares of Cubist Pharmaceuticals have traded between a low of $19.65 and a high of $34.48 and are now at $34.56, which is 76% above that low price. In the last five trading sessions, the 50-day MA has climbed 1.81% while the 200-day MA has risen 0.53%.
Fortinet Inc. (NASDAQ:FTNT)- The hardware maker reported revenue of $93.3 million, an increase of 34% compared to the same period last year, and a post comfortably above analysts’ estimate of $86.9 million. “The first quarter marked a strong start to the year for Fortinet with solid execution and a healthy pipeline of business,” said Fortinet CEO Ken Xie, in a statement. “Our recent investments in our global sales organization and sharpened focus on penetrating the large enterprise have resulted in significant momentum in our business across geographic regions.”
Encore Wire Corporation (NASDAQ:WIRE)- Encore Wire Corp. reported a swing to profit for the first quarter, aided by strong increase in volume sales. Following the news, the company’s shares are gaining over 7.3 percent in after hours. For the quarter, net income was $10.7 million or $0.46 per share, compared with a net loss of $2.5 million or $.11 per share last year.
Citrix Systems Inc. (NASDAQ:CTXS)- Infrastructure software maker Citrix Systems Inc raised its full-year forecast as demand for its virtualization software that allows remote access to data and computing power strengthened, especially in the Americas and Asia Pacific. Citrix and its larger rival VMware Inc (NYSE:VMW) are expected to benefit as their products allow a single computer to perform the work of multiple machines, helping customers better allocate resources to manage the explosion of data.