Worth Watching Stocks in the News: Bed Bath & Beyond Inc. (NASDAQ:BBBY), Globus Medical Inc (NYSE:GMED), Verisign, Inc. (NASDAQ:VRSN)

On Tuesday, Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY), added 0.25% and closed at $39.71 in the last trading session. The last trading range of the stock ranges between $39.03 and $40.09. Bed Bath & Beyond Inc., together with its auxiliaries, operates a chain of retail stores. It sells a range of domestics merchandise, counting bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products. It also provides various textile products, amenities, and other goods to institutional customers in the hospitality, cruise line, healthcare, and other industries. The company operates stores under the Bed Bath & Beyond (BBB); Christmas Tree Shops; Christmas Tree Shops andThat! or andThat! (CTS); Harmon or Harmon Face Values (Harmon); buybuy BABY (Baby); and World Market, Cost Plus World Market, and Cost Plus (Cost Plus World Market) names. As of February 27, 2016, the company had a total of 1,530 stores, counting 1,020 BBB stores; 276 stores under the names of Cost Plus World Market; 105 Baby stores; 78 stores under the CTS names; and 51 stores under the Harmon names in 50 states, the District of Columbia, Puerto Rico, and Canada, in addition to through bedbathandbeyond.com, bedbathandbeyond.ca, christmastreeshops.com, andthat.com, harmondiscount.com, facevalues.com, buybuybaby.com, buybuybaby.ca, worldmarket.com, and ofakind.com Websites.

Globus Medical Inc (NYSE:GMED), dropped -1.02% and closed at $22.33 in the last trading session. The last trading range of the stock ranges between $22.31 and $22.80. The company’s Market capitalization is $2.20 Billion with the total Outstanding Shares of 71.77 million. Globus Medical, Inc. (GMED), a leading musculoskeletal implant manufacturer, recently declared its financial results for the third quarter ended September 30, 2016.

Worldwide sales reduced 1.0% as stated to $135.7 million, or a decrease of 0.7% on a constant currency basis

Third quarter net income was $26.2 million, or 19.3% of sales

Diluted earnings per share (EPS) were $0.27

Non-GAAP diluted EPS were $0.29

Non-GAAP adjusted EBITDA (AEBITDA) remained at 37.0% of sales

Company issues new 2016 guidance for sales of $560 million

David Paul, Chairman and CEO said, “Third quarter sales were $135.7 million, a year-over-year decrease of 1%.  Despite our raised spending in support of our pending robotics and trauma launches, our EBITDA margins remained stable with the prior year, at 37.0%. We also delivered non-GAAP EPS of $0.29, in line with the prior year.

On the otherhand Verisign, Inc. (NASDAQ:VRSN), lost -0.49% and closed at $81.48 in the last trading session. The last trading range of the stock ranges between $81.26 and $81.99. During the 52-week trading session the minimum price at which share price traded, registered at $70.26 and reached to max level of $93.94. VeriSign, Inc. provides domain name registry services and Internet security worldwide. The company offers registry services that operate the authoritative directory of .com, .net, .cc, .tv, and .name domain names, in addition to the back-end systems for .gov, .jobs, .edu, and other domain names. Its registry services allow individuals and organizations to establish their online identities. The company also provides infrastructure assurance services consisting of distributed denial of service protection services, Verisign iDefense security intelligence services, and managed domain name system services. It serves financial institutions, software-as-a-service providers, e-commerce providers, and media companies through direct sales and indirect channels.

Leave a Reply

Your email address will not be published. Required fields are marked *