iBankCoin
Joined Nov 11, 2007
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U.S. Equity Preview: SONC, SCVL, MLHR, FCEL, CMRE, & CIEN,

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Ciena Corp. (CIEN) : The maker of fiber-optic networking equipment was rated buy in new coverage at Nomura International Plc.

Costamare Inc. (CMRE) fell 9.9 percent to $13.96. The Athens, Greece-based owner of container ships said it will sell 7.5 million shares in a secondary public offering, and may use the proceeds to acquire vessels and repay debt.

FuelCell Energy Inc. (FCEL) : The manufacturer of fuel- cell power plants said it will sell shares in a public offering without specifying the amount, and that it will use the proceeds for growth capital and general corporate purposes.

Herman Miller Inc. (MLHR) : The maker of ergonomically designed furniture reported third-quarter sales of $399.8 million, falling short of the average analysts’ estimate of $409.7 million.

Shoe Carnival Inc. (SCVL) : The footwear retailer forecast first-quarter sales of at least $219 million, exceeding the average analyst estimate of $207.3 million.

Sonic Corp. (SONC) dropped 3.7 percent to $7.75. The operator of drive-in restaurants reported second-quarter revenue of $115.1 million, missing the average analyst estimate of $116.8 million.

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