Thursday’s top gaining and declining stocks

Tallahassee, FL 4/26/12 (StreetBeat) -- Shares of the following companies made notable moves on Thursday:

Gainers

Citrix Systems (Nasdaq: CTXS +9.28%) shares gained 8%. Analysts at FBR Capital Markets upped their rating on the shares to outperform, on the heels of first-quarter financial results issued late Wednesday.

Watson Pharmaceuticals (NYSE: WPI +6.66%) shares rose 6%. The maker of generic drugs said late Wednesday it agreed to acquire Actavis Group, a privately held company that had 2011 revenue of about $2.5 billion.

Xilinx Inc (Nasdaq: XLNX +6.22%) shares added 7.2%. The company said late Wednesday that profit slipped in the first quarter but revenue rose.

Decliners

Aetna Inc. (NYSE: AET -9.75%) shares fell 10%. Earlier Thursday, the company said first-quarter earnings fell 13% as the health insurer saw the portion of premiums paid out to cover medical costs increase.

Akamai Technologies Inc. (Nasdaq: AKAM -8.85%) fell 9%. Late Wednesday, the firm reported first-quarter results and said that its CEO succession plan is underway.

Furiex Pharmaceuticals (Nasdaq: FURX -25.87%) shares fell 26% on Thursday. Earlier Thursday, the company said the FDA has requested further data from partner Takeda Pharmaceutical, a development that Furiex called disappointing.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly

Akamai (Nasdaq: AKAM) to Buy Cotendo for $268 Million to Expand Cloud, Mobile Services

Tallahassee, FL 12/12/11 (StreetBeat) -- Akamai Technologies Inc. (Nasdaq: AKAM), whose server network lets businesses speed data delivery, agreed to buy Cotendo for about $268 million in cash to expand Internet- based and mobile services.

Cotendo, founded in 2008 and based in Sunnyvale, California, has about 100 employees, half of them in Israel, where the company has a technology center, according to a statement today.

The purchase is Akamai’s second largest after the $2.19 billion acquisition of InterVU Inc. in 2000, according to data compiled by Bloomberg. Cotendo will bring acceleration technologies based on the so-called cloud, a Web-based computing system, used by customers such as phone companies and social networks.

Cotendo’s investors include venture-capital firms Sequoia Capital and Benchmark Capital, as well as Juniper Networks Inc., according to its website.

Akamai, based in Cambridge, Massachusetts, rose 1.2 percent to $27 at 8:03 a.m. New York time before the opening of the markets. The company, with a market capitalization of $4.79 billion and about 2,300 employees, had slumped 43 percent this year before today.

StreetBeat Disclaimer

Distributed by Viestly