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Morning Market Movers

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The9 Limited (NASDAQ: NCTY) shares jumped 50.97% to $3.88 after the company announced the sale of Shanghai Huopu Cloud Computing Terminal Technology for RMB200M in cash. The company also announced the joint venture with Qihoo 360 (NYSE: QIHU) to receive $160 million in license and royalty fees for Firefall in China.

Criteo SA (NASDAQ: CRTO) shares surged 15.46% to $35.39 following Les Echos report that Publicis has restarted talks to buy the company, according to Bloomberg.

RadioShack (NYSE: RSH) jumped 14.69% to $1.64.

Net 1 Ueps Technologies (NASDAQ: UEPS) climbed 13.25% to $13.25 after the company reported adjusted earnings of $0.91 per share on revenue of $182.8 million for the fiscal fourth quarter. Analysts were expecting earnings of $0.33 per share on revenue of $142.3 million.

Veeva Systems (NYSE: VEEV) rose 10.62% to $27.61 after the company reported better-than-expected second-quarter results and issued a strong third-quarter outlook.

Splunk (NASDAQ: SPLK) shares surged 10.53% to $50.06 after the company reported upbeat results for the fiscal second quarter and lifted its forecast for the year.

Rally Software Development (NYSE: RALY) shares gained 9.60% to $10.96 after the company reported upbeat Q2 results and issued a strong FY15 earnings forecast.

Avago Technologies (NASDAQ: AVGO) climbed 9.13% to $83.33 after the company reported stronger-than-expected third-quarter earnings. Credit Suisse analyst John W. Pitzer reiterated an Outperform rating on Avago and raised the price target from $75.00 to $105.00.

On Track Innovations (NASDAQ: OTIV) shares jumped 4.21% to $2.97 after surging 23.38% on Thursday.

NXP Semiconductors NV (NASDAQ: NXPI) shares rose 3.34% to $69.20 on Financial Times report that it is working with Apple (NASDAQ: AAPL) on pay-by-touch technology for iPhone 6.

Amicus Therapeutics (NASDAQ: FOLD) gained 2.75% to $7.47 after rising 6.29% on Thursday.

Posted-In: market moversNews Intraday Update Markets Movers

 

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