Morning Market Gainers

PMFG Inc PMFG shares climbed 39.83 percent to $6.46 after the company agreed to be acquired by CECO Environmental Corp. CECE for $6.85 per share. Hill International Inc HIL shares rose 30.43 percent to $5.10. DC Capital Partners has proposed to purchase Hill International for at least $5.50 per share. Cyan Inc CYNI shares jumped 28.22 percent to $4.68 after the company agreed to be acquired by Ciena Corporation CIEN for around $4.75 per share. Furmanite Corporation FRM shares rose 24.76 percent to $9.02 as the company received a non-binding indication of interest to acquire all outstanding shares of Furmanite common stock. InterCloud Systems Inc ICLD shares gained 23.22 percent to $3.29. InterCloud Systems announced the launching of NFVGrid. BroadSoft Inc BSFT shares rose 14 percent to $36.73 after the company reported better-than-expected results for the first quarter and raised its FY15 earnings guidance. Array Biopharma Inc ARRY shares climbed 9.02 percent to $6.89 following strong earnings report. Array BioPharma reported Q3 earnings of $0.37 per share on revenue of $6.6 million. Cognizant Technology Solutions Corp CTSH shares rose 8.54 percent to $64.19 after the company reported better-than-expected results for its first quarter and raised its outlook for the year. ON Semiconductor Corp ON shares surged 7.71 percent to $12.72 after the company reported better-than-expected Q1 earnings.