Orlando, FL 5/25/12 (StreetBeat) – Here are some of the biggest gaining and declining stocks this Friday:
Shares of Frontline Ltd. (NYSE: FRO +10.64%) rose 8.3%. The firm posted better than expected results early Friday and gave an optimistic outlook for the future.
Infoblox Inc. (NYSE: BLOX +2.26%) shares rose 7.8% on Friday.The firm recently reported fiscal third-quarter results and said it expects a gross margin of 76% in its fourth quarter.
Rosetta Genomics Ltd. (Nasdaq: ROSG -6.16%) fell 12%. The company said early Friday that it is selling 570,755 shares of stock to investors at a 29% discount. The firm said it’s raising the cash to help fund operations.
Verifone Systems Inc. (NYSE: PAY -11.53%) shares shed 8.3% on Friday. Late Thursday the company said that its fiscal second-quarter profit fell 43% and said that it expected earnings in the future a bit below Wall Street analyst expectations.
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