Hortonworks (HDP) stock surged Thursday after the Hadoop developer’s earnings from the day before easily topped Wall Street forecasts. Shares of the open-source Hadoop database pioneer gapped up as much as 19% Thursday, touching a seven-month high of 28.71. Hortonworks stock was up 18% in midday trading in the stock market today, near 28. Hortonworks made its IPO in December, at 16. Late Wednesday, the company also raised its sales projections for
IBD’s Medical-Biomed/Biotech group holds the No. 1 spot on the list of 197 industry groups tracked, as several of its members topped Street forecasts over the past week. Today’s Screen of the Day focuses on Top Fundamentals, stocks with three-year earnings and revenue growth rates of 25% or more. Gilead Sciences (GILD), which has a three-year EPS growth rate of 91%, develops medicine for life-threatening conditions, including cancer, HIV/AIDS and
Mobileye (MBLY), a leading provider of driver-assistance technology that at some point could help lead to self-driving cars, topped expectations with its Q2 earnings Thursday morning. Mobileye reported revenue of $52.8 million, beating the consensus estimate of $47.9 million and up 57% from the year-earlier quarter. The Israel-based company reported earnings per share minus items of 10 cents, doubling its Q2 2014 figure and beating the consensus