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Company News for October 13, 2016

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•    Shares of Telefonaktiebolaget LM Ericsson (ERIC - Free Report) tanked 20.8% after the company said that its third quarter earnings will take a beating due to a 19% sales decline in its core mobile-network equipment business

•    Shares of Fortinet Inc (FTNT - Free Report) plunged 10.1% after the company said it expects its third quarter earnings per share to be $0.15 to $0.16, less than an earlier forecast of $0.17 to $0.18

•    Shares of VOXX International Corp (VOXX - Free Report) soared 49% after the company reported net income of $3 million in the fiscal second quarter, in contrast to a loss in the same period a year earlier

•    Barracuda Networks Inc’s shares surged 9.2% after the company posted fiscal second quarter earnings per share of $0.21, which came in ahead of analysts’ expectations

 




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