Market Overview

Morning Market Losers

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Ceragon Networks Ltd (NASDAQ: CRNT) shares fell 14.87 percent to $1.49 after the company reported weaker-than-expected Q3 results.

Endurance International Group Hldgs Inc (NASDAQ: EIGI) shares tumbled 13.69 percent to $11.51. Endurance International reported a Q3 loss of $0.12 per share on sales of $188.5 million and announced plans to buy Constant Contact Inc (NASDAQ: CTCT) in a $1.1 billion deal.

Accuride Corporation (NYSE: ACW) shares declined 8.13 percent to $2.60. Accuride reported Q2 earnings of $0.04 per share on revenue of $163.4 million.

Revance Therapeutics Inc (NASDAQ: RVNC) shares dropped 5.57 percent to $36.99 after the company reported a proposed public offering of common stock.

Lendingtree Inc (NASDAQ: TREE) slipped 5.24 percent to $115.00 after the company reported the commencement of a common stock offering.

Chipotle Mexican Grill, Inc. (NYSE: CMG) shares dropped 4.34 percent to $612.46 following a report that Seattle and Portland locations were shut due to E. coli outbreak.

Visa Inc (NYSE: V) shares slipped 3.62 percent to $74.77. Visa reported downbeat quarterly earnings. The company reported a new $5 billion stock buyback program and also agreed to acquire Visa Europe Ltd. in a deal worth up to 21.2 billion euros.

Prima BioMed Ltd (ADR) (NASDAQ: PBMD) dropped 3.28 percent to $1.18 after the company reported that it has raised AUD $2 million via an equity placement to a leading Australian institutional investor.

PMC-Sierra Inc (NASDAQ: PMCS) shares declined 1.01 percent to $11.80. PMC-Sierra's board said Microsemi Corporation's (NASDAQ: MSCC) latest proposal is not superior to Skyworks Solutions Inc's (NASDAQ: SWKS) transaction.

 

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