Spectrum Pharmaceuticals Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Biotechnology | Small Cap Value
Company profile

Spectrum Pharmaceuticals, Inc. is a biopharmaceutical company. The Company is focused on acquiring, developing, and commercializing targeted oncology therapies. The Company's product portfolio consists of in-development drug products for the treatment of cancer patients. The Company's pipeline products include Eflapegrastim and Poziotinib. The Eflapegrastim is a long-acting granulocyte colony-stimulating factor (G-CSF) for chemotherapy-induced neutropenia. Poziotinib is a, pan-HER inhibitor that irreversibly blocks signaling through the Epidermal Growth Factor Receptor (EGFR) family of tyrosine-kinase receptors, including HER1 (erbB1; EGFR), HER2 (erbB2), HER4 (erbB4), and HER receptor mutations. The Eflapegrastim employs a LAPSCOVERY technology to enhance the duration of therapeutic effects and reduce the frequency of administration.

Closing Price
$0.8198
Day's Change
0.0098 (1.21%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.83
Day's Low
0.7988
Volume
(Light)
Volume:
1,129,883

10-day average volume:
2,318,281
1,129,883

Fortinet stock sinks after earnings as billings forecast underwhelms

5:16 pm ET November 2, 2022 (MarketWatch)
Print

Shares of Fortinet Inc. were off more than 13% in after-hours trading Wednesday after the cybersecurity company topped expectations with its latest earnings and revenue numbers but delivered a billings forecast for the current period that came up light. The company logged third-quarter net income of $231.6 million, or 29 cents a share, up from $163.1 million, or 19 cents a share, in the year-earlier period. After adjusting for stock-based compensation and certain other items, Fortinet earned 33 cents a share, up from 20 cents a share a year before, while analysts tracked by FactSet had been anticipating 27 cents a share. Revenue rose to $1.15 billion from $867 million, whereas the FactSet consensus was for $1.12 billion. For the fourth quarter, Fortinet executives anticipate $1.275 billion to $1.315 billion in revenue, along with 38 cents to 40 cents in adjusted earnings per share. The FactSet consensus was for $1.274 billion and 35 cents, respectively. Executives also gave a forecast for $1.665 billion to $1.720 billion in billings, while the FactSet consensus was for $1.740 billion. Fortinet's billings metric reflects other business signed during the quarter that was not recognized as revenue.

-Emily Bary

	

(END) Dow Jones Newswires

November 02, 2022 17:16 ET (21:16 GMT)

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