Market Overview

Gentiva Health Soars On Kindred Healthcare Intentions, Vipshop And Cisco Surge On Financial Results

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Shares of Gentiva Health Services Inc. (GTIV) soared on Thursday's trading session, after Kindred Healthcare (KND) reported a proposal to acquire all of the outstanding shares of common stock of GTIV in a cash and stock combination, for a total equity value of approximately $533 million. With the assumption of GTIV’s debt, the transaction would be valued at approximately $1.6 billion.

The unsolicited proposal was rejected by GTIV as it expects to generate more value as a stand-alone company.

Gentiva Health Services Inc. (GTIV) is one of the nation's largest providers of home health, hospice and community care services, delivering innovative, high quality care to patients across the United States.

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The price of Vipshop Holdings Limited (VIPS) stock surged on Thursday, after the company reported robust first quarter 2014 unaudited financial results, which reflect its continued strong growth momentum and increasing operational efficiencies.

For the first quarter 2014, VIPS posted total net revenues of $701.9 million, a 125.9% increase year over year, non-GAAP income from operations of $42.8 million, a 394.3% increase compared to the same period the prior year, and net income attributable to VIPS' shareholders increased by 355.3% to $26.6 million from $5.8 million in the first quarter 2013.

For the second quarter of 2014, VIPS expects its total net revenues to be between $780 million and $790 million, representing a year-over-year growth rate of approximately 122.0% to 124.9%.

Vipshop Holdings Limited (VIPS) is China's leading online discount retailer for brands.

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Shares of Cisco Systems, Inc. (CSCO) climbed on Thursday's market activity reported a solid execution on its financial results.

On its third quarter fiscal 2014, CSCO posted revenue of $11.5 billion, GAAP net income of $2.2 billion or $0.42 per share, and non-GAAP net income of $2.6 billion or $0.51 per share.

Cisco Systems, Inc. (CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected.

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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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