Earnings Report Sends Infinera Soaring

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Earnings Report Sends Infinera Soaring

Infinera Corporation (NASDAQ:INFN), Eagle Pharmaceuticals Inc. (NASDAQ:EGRX) and E2open Inc. (NASDAQ:EOPN) reached market close well in the green this Friday. Alamos Gold Inc. (NYSE:AGI), Walter Energy Inc. (NYSE:WLT) and Altisource Portfolio Solutions (NASDAQ:ASPS), on the other hand, ended the day in the red.

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Infinera Corporation Soars

Infinera Corporation soared +17.99% today after delivering a strong fourth quarter earnings report. It reached market close priced at $16.00, just $0.50 from its 52-week high of $17.49. Billionaire investor George Soros picked up a stake in the firm in the second quarter of last year.

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Farallon Capital holding Eagle Pharmaceuticals gained +15.37% this Friday, bringing its one-month performance to +40.67%. Yesterday, analysts at Cantor Fitzgerald restated their buy rating on the stock.

E2open ended the day up +12.94% and has climbed +24.5% this week. Wilbur Ross picked up a stake in the enterprise software company in 2012 and is one of the shareholders benefiting from the firm’s recently announced shareholder rights plan.

Alamos Gold Tumbles

Alamos Gold tumbled -14.20% this Friday after reporting Q4 production and outlining its 2015 guidance. Alamos is one of billionaire Ray Dalio’s Bridgewater Associates’ gold investments.

Walter Energy dipped -13.27%, putting its five-day loss at -27.45%. According to his most recent regulatory filing, the coal company was one of Brazilian billionaire Jorge Lemann’s new third quarter buys.

Altisource Portfolio Solutions ended the day with a -10.77% loss and has fallen -70.32% in the past three months. Leon Cooperman has put the firm in the headlines lately after giving a tough talk to company management, asking higher-ups “whether your testicles are bigger than your brains or your brains are bigger than your testicles.”

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