The market has been focusing intently on San Diego-based energy firm Cymer Inc. (NASDAQ:CYMI) who has seen a surge in its stock today. The company's stock is up 49.02% at $71.28. The firm is coming off of a second quarter that saw a net profit margin of 6.43% and a net operating margin of 7.51%. The sharp uptick in the firm's stock comes after Cymer (CYMI) announced that the firm would be acquired by ASML Holding NV.
Network Security firm Fortinet (NASDAQ:FTNT) has had a rough day of at the trading floor. After posting a decent showing last quarter with a net profit margin of 12.61%, and an operating margin of 18.63%, the California-based firm's stock plummeted 18.91% today to $19.78. The sharp downturn in the stock is due to the firm's weakened estimates for the third quarter. The diminished expectations are as a result of underperformance in China.
Apollo Group (NASDAQ:APOL) is a major education provider based out of Phoenix, Arizona. The firm educates students at various levels through its subsidiaries which include the University of Phoenix (widely seen as a pioneer in distance learning). The company is coming off of a second quarter that saw a net profit margin of 4.77% and a net operating margin of 8.99%. The firm's stock has tumbled 20.15% to $21.95 after it was announced that the firm would be closing 115 locations and laying off 800 of its workers. The firm also received an "F" rating on its revenue projections for the end of the year.
Cathay Bancorp is a banking institution based out of Los Angeles, California that provides checking accounts, savings accounts as well as timed deposits. The company posted a robust net profit margin of 33.73% and an operating margin of 52.41%. The banking institution's stock is up 11.05% after posting impressive quarterly improvements of $.33 per share which met analysts' expectations.Growth Equities (http://s.tt/1qlbB)
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.