Health care software maker (MDAS) beat what an analyst called low expectations; its outlook also exceeded Wall Street views, sending the stock gapping up to a 12-month high. MedAssets stock was up 8.5% in midday trading in the stock market today, above 23. Earlier, shares rose as high as 23.85. Late Wednesday, MedAssets posted earnings per share minus items of 31 cents, a penny above Q2 2014 and 4 cents better than the consensus estimate of
Ruckus Wireless (RKUS) stock roared back Thursday on better-than-expected Q2 revenue, as analysts said a rebound might be underway at the maker of Wi-Fi networking gear. Sunnyvale, Calif.-based Ruckus late Wednesday reported in-line EPS. Ruckus stock soared 16% in morning trading in the stock market today, at a three-month high above 12. A slowdown in education spending has been an overhang on Wi-Fi gear makers stocks, including Aruba Networks, acquired earlier
(TMUS) outpaced bigger rivals (T)and (VZ) by posting Q2 revenue growth of 14% early Thursday, topping Wall Street views amid signs that T-Mobile’s falling revenue per subscriber might have bottomed despite an industry price war. Analysts had forecast revenue growth of 10%. T-Mobile’s average monthly revenue per user (ARPU) for postpaid phone customers fell only 2.3% from the year-earlier period to $48.19 compared with a 5.5% drop in Q1. T-Mobile