On Tuesday, Shares of Pandora Media Inc (NYSE:P), subtract -2.63% and closed at $13.72 in the last trading session. The last trading range of the stock ranges between $13.49 and $14.09. The company’s Market capitalization is $3.09 Billion with the total Outstanding Shares of 224.97 million. During the 52-week trading session the minimum price at which share price traded, registered at $7.10 and reached to max level of $20.96. Pandora (NYSE:P), the go-to music source for fans and artists, recently declared that its third quarter 2016 financial results will be released on Tuesday, October 25, 2016, after the close of the market. The company will also host an “in-person” event and webcast at 1:30 PM (PT) / 4:30 PM (ET) designed to provide financial analysts an opportunity to hear from members of the Pandora leadership team and discuss Pandora’s planned vision in light of the recently declared product transformation and landmark label deals. Presentations will highlight new product features, operating model developments, and key operating and financial metrics in the context of existing 2020 targets for ad-supported, subscription, and live events businesses.
Hanesbrands Inc. (NYSE:HBI), jumped 1.09% and closed at $25.91 in the last trading session. The last trading range of the stock ranges between $25.62 and $25.93. During the 52-week trading session the minimum price at which share price traded, registered at $23.25 and reached to max level of $33.24. Micaela Erlanger, one of the fashion industry’s most influential celebrity stylists, will be an ambassador and spokesperson for the Maidenform brand this fall. Erlanger will act as a guide to the Maidenform customer, offering expert tips, product picks and styling insight via the leading intimate-apparel brand’s website and social media platforms.
“I am thrilled to declare my brand ambassadorship with Maidenform,” said Erlanger. “As a stylist, and as a woman, I know the importance of undergarments and shapewear. I am a firm believer in the quality and style of the Maidenform brand’s products and couldn’t think of a more perfect brand to align with and represent.”
Vicki Seawright, Maidenform vice president and general manager, said: “We are thrilled to have Micaela onboard as a Maidenform spokesperson for the forthcoming fall and holiday seasons. The Maidenform vision perfectly aligns with Micaela’s captivating spirit and commitment to fashion. We are constantly working to enrich the shopping experience, and look forward to leveraging Micaela’s expertise to inspire and educate our customer.”
On the otherhand Fortinet Inc (NASDAQ:FTNT), lost -2.57% and closed at $34.09 in the last trading session. The last trading range of the stock ranges between $33.92 and $35.03. The company’s Market capitalization is $5.89 billion with the total Outstanding Shares of 172.69 million. During the 52-week trading session the minimum price at which share price traded, registered at $23.16 and reached to max level of $44.63. Fortinet® (FTNT), a global leader in high performance cyber security solutions, recently declared preliminary financial results for the third quarter ended September 30, 2016.
Based on preliminary financial information, Fortinet anticipates total billings1 to be in the range of $343 million to $348 million contrast to our formerly declared guidance of $372 million to $376 million. Fortinet also anticipates to report total revenue for the third quarter of 2016 in the range of $311 million to $316 million contrast to our formerly declared guidance of $319 million to $324 million. Non-GAAP diluted net income1 per share is expected to be $0.15 to $0.16 contrast to our formerly declared guidance of $0.17 to $0.18. Third quarter 2016 preliminary results are subject to change based on the completion of the Company’s quarter-end review process.
Fortinet’s Board of Directors has also authorized a $100 million increase to its existing share repurchase program, bringing the amount authorized under the current program to $300 million. During the third quarter of 2016, the company repurchased $25 million of common stock under its share repurchase program. During 2016, $75 million of common stock has been repurchased under the program, leaving $225 million available for share repurchases as of September 30, 2016.
“Our third quarter results were mainly influenced by the lengthening of deal cycles as enterprises are becoming more planned with their purchasing decisions and buying with less urgency than last year. We also encountered sales execution challenges in the North America resulting from the newness of our sales organization, in addition to macro issues in Latin America and the U.K.,” said Ken Xie, founder, chairman and chief executive officer. “Though we are disdesignated with our third quarter performance, we continue to feel good about our competitive-differentiating and market-leading security fabric. We remain confident in the underlying strength of our business and long-term growth opportunity, and committed to delivering returns to our shareholders.”