Why Need to Watch: Array BioPharma, Inc. (NASDAQ:ARRY), Hewlett-Packard Company (NYSE:HPQ), Polycom, Inc. (NASDAQ:PLCM), Endurance International Group (NASDAQ:EIGI), Diamond Offshore Drilling (NYSE:DO)

Technology Stocks News 17

Array BioPharma, Inc. (NASDAQ:ARRY) announced that it has reached a definitive agreement with Novartis International Pharmaceutical Ltd. to regain full worldwide rights to binimetinib, a MEK inhibitor in three Phase 3 trials. This agreement is conditional on the closing of transactions announced by Novartis and GlaxoSmithKline PLC on April 22, 2014, which are expected in the first half of 2015, and remain subject to regulatory approval. Array BioPharma, Inc. (NASDAQ:ARRY) belongs to Healthcare sector. Its weekly performance is -0.26%. On last trading day company shares ended up $3.91. Array BioPharma, Inc. (NASDAQ:ARRY) distance from 50-day simple moving average (SMA50) is 7.84%.

Hewlett-Packard Company (NYSE:HPQ) and Alcatel-Lucent announced an expansion of their global alliance to help the world’s largest organizations and service providers build network-enabled, distributed cloud solutions to create new business opportunities and greater efficiencies, while improving customer service. Hewlett-Packard Company (NYSE:HPQ) shares moved up 0.26% in last trading session and ended the day at $39.05. HPQ Gross Margin is 23.90% and its return on assets is 4.90%. Hewlett-Packard Company (NYSE:HPQ) quarterly performance is 4.13%.

Zacks restated their neutral rating on shares of Polycom (NASDAQ:PLCM) in a research note issued to investors on Friday. The firm currently has a $14.00 price target on the stock. On 03 December, Polycom, Inc. (NASDAQ:PLCM) shares moved up 2.06% and was closed at $13.40. PLCM EPS growth in last 5 year was -17.70%. Polycom, Inc. (NASDAQ:PLCM) year to date (YTD) performance is 19.32%.

On Nov. 26, Endurance International Group Holdings, Inc. (NASDAQ:EIGI), a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online, today announced the completion of its previously announced underwritten public offering of 13,000,000 shares of its common stock at a public offering price of $14.50 per share. In addition, the underwriters have exercised in full their option to purchase an additional 1,950,000 shares of common stock from certain existing stockholders. Endurance International Group Holdings, Inc. (NASDAQ:EIGI) ended the last trading day at $16.49. Company weekly volatility is calculated as 2.81% and price to cash ratio as 98.89. Endurance International Group Holdings, Inc. (NASDAQ:EIGI) showed a weekly performance of -1.55%.

Diamond Offshore Drilling (NYSE:DO) major shareholder Corp Loews acquired 410,395 shares of Diamond Offshore Drilling stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average price of $29.43 per share, for a total transaction of $12,077,924.85. Diamond Offshore Drilling, Inc. (NYSE:DO) shares moved up 3.59% in last trading session and ended the day at $31.44. DO Gross Margin is 41.40% and its return on assets is 4.60%. Diamond Offshore Drilling, Inc. (NYSE:DO) quarterly performance is -22.83%.

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