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Morning Buzz : Facebook Inc (NASDAQ:FB), Alliance Fiber Optic Products Inc. (NASDAQ:AFOP), Safe Bulkers, Inc. (NYSE:SB), Renewable Energy (NASDAQ:REGI), Lazard Ltd. (NYSE:LAZ)

Morning Buzz : Facebook Inc (NASDAQ:FB), Alliance Fiber Optic Products Inc. (NASDAQ:AFOP), Safe Bulkers, Inc. (NYSE:SB), Renewable Energy (NASDAQ:REGI), Lazard Ltd. (NYSE:LAZ)
Written by
Charles Donlon
Published on
October 22, 2014
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Facebook Inc (NASDAQ:FB) is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and CEO Mark Zuckerberg. Facebook Inc (NASDAQ:FB) in last trading activity advanced 2.26% to close at $78.69. Company weekly performance is 6.93% while its quarterly performance stands at 10.38%. Facebook Inc (NASDAQ:FB) is -1.28% away from its 52 week high. Alliance Fiber Optic Products (NASDAQ:AFOP) last released its earnings data on Monday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $24.20 million for the quarter, compared to the consensus estimate of $25.21 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. On average, analysts predict that Alliance Fiber Optic Products will post $1.29 earnings per share for the current fiscal year. On last trading day Alliance Fiber Optic Products Inc. (NASDAQ:AFOP) advanced 1.07% to close at $12.31. Its volatility for the week is 6.33% while volatility for the month is 4.80%. AFOP's sales growth for past 5 years was 14.40% and its EPS growth for past 5 years was 33.60%. Alliance Fiber Optic Products Inc. (NASDAQ:AFOP) monthly performance is -5.89%. On 10/22/14, Safe Bulkers Inc (NYSE:SB)’s 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (NYSE: SB.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 10/30/14. As a percentage of SB.PRC’s recent share price of $23.81, this dividend works out to approximately 2.10%, so look for shares of SB.PRC to trade 2.10% lower — all else being equal — when SB.PRC shares open for trading on 10/22/14. On last trading day Safe Bulkers, Inc. (NYSE:SB) advanced 9.24% to close at $6.15. Its volatility for the week is 6.70% while volatility for the month is 6.18%. SB's sales growth for past 5 years was -1.40% and its EPS growth for past 5 years was -13.70%. Safe Bulkers, Inc. (NYSE:SB) monthly performance is -12.27%. Keyport-based renewable energy company Energiz Renewable Inc. said Tuesday it has signed a letter of intent to purchase six Bulgarian power projects for $61.4 million. Helios Power and its half-dozen turnkey projects are being sold, with Archfeld LLP acting as the seller’s agent. The projects produce a total of 17.842 MWp, Energiz said in a news release. Renewable Energy Group, Inc. (NASDAQ:REGI) has 0.80% insider ownership while its institutional ownership stands at 73.30%. In last trading activity company's stock closed at $10.60. Reynolds American spent $267 million to purchase 4.8 million shares during the quarter. The company also completed its $2.5 billion share repurchase program started in Nov 2011. Reynolds announced that it has entered into an agreement to take over rival Lorillard Inc. (LO) for $68.88 per share or $27.4 billion, including assumption of net debt. Investors are, however, of the opinion that Reynolds is paying far too much for the company. Investment bank Lazard Ltd. (NYSE:LAZ) will act as a financial advisor in the takeover process. On Tuesday shares of Lazard Ltd. (NYSE:LAZ) closed at $49.19. Company's sales growth for last 5 years was 4.00% and EPS growth for next 5 years is recorded as 21.20%.

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