Stocks to watch for on February 27th 2013. Companies whose shares are expected to trade actively in today’s session are Meru Networks, Inc. (NASDAQ:MERU), First Solar, Inc. (NASDAQ:FSLR), Guidewire Software Inc (NYSE:GWRE), Papa John’s Int’l, Inc. (NASDAQ:PZZA), Edison International (NYSE:EIX) and Priceline.com Inc (NASDAQ:PCLN).
Meru Networks, Inc. (NASDAQ:MERU): The maker of wireless local area network products has announced to offer common shares. But the company didn’t disclose how many shares it will sell. As of Dec. 31, Meru had 18.3 million shares outstanding. Shares slipped 4.88 percent to $3.90 in early session.
First Solar, Inc. (NASDAQ:FSLR): The solar panel maker posted a fourth quarter profit amid stronger revenues. The company had incurred heavy goodwill impairment charges in the same period last year. But the company issued weaker guidance for current quarter. Shares sank 14.22 percent to $26.90.
Guidewire Software Inc (NYSE:GWRE): The company develops software for casualty/property insurers. Guidewire’s second quarter profits soared 49 percent and revenues grew to double digits, beating Wall Street’s estimates. Shares soared 14 percent to $36.03 in early market trading.
Papa John’s Int’l, Inc. (NASDAQ:PZZA): The pizza delivery company has restated the earnings reports for the fiscal years 2009, 2010, 2011 and the first three quarters of 2012 because of accounting errors that took place for a joint-venture agreement. The company also announced a 9.2 percent increase in its fourth quarter profits. However, earnings fell short of Wall Street estimates. Shares tanked 8.2 percent to $52.
Edison International (NYSE:EIX): The utility company’s fourth quarter losses narrowed as its Southern California Edison utility reported stronger earnings. The company also issued core earnings forecast for the new year well above analysts’ expectations. Shares rose 3.79 percent to $47.87 in early session.
Priceline.com Inc (NASDAQ:PCLN): The company’s fourth quarter earnings rose 28 percent, which demonstrates that its momentum is improving. Priceline.com’s adjusted earnings were ahead of the guidance. Shares soared 4.64 percent to $710 in early market trading.
Another company to watch out for is Accretive Health, Inc. (NYSE:AH). The company has withdrawn the financial guidance provided in November, and has postponed the release of fourth quarter and full year results.
