MARKET PULSE-Imperva, Bed Bath, Rite Aid, Box Ships, Cash America

Thu Apr 10, 2014 9:17am EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, U.S. stock index futures trimmed their losses on Thursday after weekly jobless claims fell more than expected in the latest week, a positive sign for the labor market. Dow Jones industrial average futures were down 0.05 percent at 16,352, S&P 500 futures were down 0.07 percent at 1,863.5 and Nasdaq 100 futures were down 0.06 percent at 3,589.

** IMPERVA INC, Wednesday close $49.73, -35.45 pct premarket

Brokerage Oppenheimer & Co cut its rating on the data security company's stock to "perform" from "outperform" after the firm cut its first-quarter revenue forecast. The company cut its revenue guidance to $31-$31.5 million from $36-$37 million.

Two other brokerages cut their price target on the stock of the company, which also forecast a bigger adjusted per-share loss of 40-44 cents, compared with 33-37 cents it had forecast earlier.

** BOX SHIPS INC, Wednesday close $2.38, -18.07 pct premarket

The shipping company said on Wednesday it had commenced an underwritten offering of its units, comprising common shares and warrants. It will use proceeds from the offering for general corporate purposes such as repayment of debt and acquisition of vessels.