Market Overview

Morning Market Gainers

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Exelis Inc.(NYSE: XLS) shares jumped 36.36% to $24.15 after Harris announced its plans to acquire Exelis for $23.75 per share in a cash and stock transaction.

Cambrex Corporation (NYSE: CBM) shares rose 23.16% to $28.98 after the company reported better-than-expected Q4 results.

LightPath Technologies, Inc. (NASDAQ: LPTH) shares climbed 22.50% to $1.47 after the company posted Q2 net income of $0.01 per share, versus a year-ago net loss of $0.01 per share.

GlobalSCAPE, Inc. (NYSE: GSB) shares surged 19.96% to $2.86 after the company reported Q4 results and announced the promotion of Matt Goulet to Senior Vice President of Sales and Marketing.

MFRI, Inc. (NASDAQ: MFRI) shares rose 15.85% to $6.65 after the company announced a $2 million share repurchase program.

Ubiquiti Networks, Inc. (NASDAQ: UBNT) jumped 13.42% to $29.75 on better-than-expected quarterly results.

Twitter, Inc.(NYSE: TWTR) shares gained 11.73% to $46.10 after the company reported stronger-than-expected fourth-quarter results.

LinkedIn Corporation (NYSE: LNKD) shares rose 11.02% to $264.20 after the company reported upbeat results for the fourth quarter and issued a strong 2015 earnings forecast.

Harris Corporation (NYSE: HRS) shares climbed 10.89% to $77.06 after the company reported better-than-expected earnings for the fiscal second quarter and lifted its earnings forecast for the year. Harris also announced its plans to acquire Exelis for $23.75 per share in a cash and stock transaction.

Frontier Communications Corporation (NASDAQ: FTR) shares surged 4.81% to $8.07 after the company agreed to acquire Verizon's (NYSE: VZ) wireline operations in California, Florida and Texas for $10.54 billion in cash.

 

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