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Company News For Mar 7, 2018

Zacks Equity Research
Updated
Cisco's (CSCO) Order strength and improving traction of the subscription-based model were tailwinds.

  • Shares of Target Corporation TGT slumped 4.5% after reporting fourth quarter 2017 earnings per share of $1.37, missing the Zacks Consensus Estimate of $1.39

  • CommerceHub, Inc.’s CHUBA shares rallied 23.2% after the company entered into an agreement with GTCR and Sycamore Partners to be acquired for $22.75 a share in cash

  • Shares of Ciena Corporation CIEN rallied 10.1% after posting fiscal first quarter 2018 earnings per share of $0.15, surpassing the Zacks Consensus Estimate of $0.12

  • Analogic Corporation’s ALOG shares surged 10.5% after reporting fiscal second quarter 2018 earnings per share of $1.15, surpassing the Zacks Consensus Estimate of $0.56


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