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ARRIS Group, Inc. (NASDAQ:ARRS) declared that its updated outlook for the Q2 of 2015. “The headwinds we faced in the second quarter were stronger than anticipated resulting in the update to our second quarter 2015 revenue and earnings guidance,” said Bob Stanzione, ARRIS Chairman and CEO. “Our business continues to be impacted by external factors, most notably the various pending industry consolidations and by the strengthening of the US dollar. Shares of ARRIS Group, Inc. (NASDAQ:ARRS) traded at $30.85 by moving up 1.82% with price volatility of 2.45% for a week and 2.08% for a month. Its beta stands at 1.08 times.
Veloxis Pharmaceuticals A S(OTCMKTS:VOXPY) declared that its U.S. FDA authorization of Envarsus XR for the prophylaxis of rejection in kidney transplant patients who need or desire conversion from other twice-daily tacrolimus products to once-daily Envarsus® XR. Veloxis expects Envarsus XR to be available to patients in the United States and their physicians in 4Q2015. “This is a proud moment for everyone at Veloxis and we appreciate the hard work by our study investigators and the participation of the patients in our studies,” Bill Polvino, chief executive officer of Veloxis said.
PowerSecure International, Inc. (NYSE:POWR) declared that it has been awarded $100M in new solar projects, comprising a ground-mount system for one of the leading investor owned utilities (IOUs) in the U.S. The firm currently anticipates to recognize approximately $15 million in revenue from these new projects in the fourth quarter of 2015 and $85 million throughout 2016. “The solar marketplace remains very active and we are excited to add these new large awards to our growing backlog of utility-scale solar projects and complex microgrid solutions which integrate solar energy,” said Sidney Hinton, chief executive officer of PowerSecure.PowerSecure International, Inc. (NYSE:POWR) stock hit highest price at $15.72, beginning with a price of $14.13 and reported a gain of 10.98% to close at $15.46 with a day range of $14.08-$15.72. The total market capitalization remained 347.03 Million, total volume of 729741 shares held in the session was surprisingly higher than its average volume of 205.59 shares.