BUZZ-U.S. STOCKS ON THE MOVE-Hercules Offshore, SeaChange, Conatus

Thu Apr 2, 2015 11:40am EDT
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock indexes were little changed at the open on Thursday, as a report on the labor market came in better than expected, a positive sign for upcoming payrolls data. U.S. stock indexes xxx on Thursday. The Dow Jones industrial average was up 0.34 percent at 17,759.17, the S&P 500 was up 0.40 percent at 2,067.87 and the Nasdaq Composite was up 0.21 percent at 4,890.26.

** HERCULES OFFSHORE INC, $0.5162, +14.00 pct

The rig contractor signed a five-year contract with a unit of Eni S.p.A for use of the Hercules 260 jackup rig in West Africa with a dayrate of $75,000-$125,000 per day. Global Hunter Securities analysts said the contract has positive implications given the difficulties of securing term on any rig in the currently depressed offshore market.


The video streaming products supplier forecast a surprise decrease in full-year revenue as its customers shift to cloud-based services. The company's transition to a subscription-based software licensing model is also expected to dent product revenue. SeaChange expects 2016 revenue to fall to about $105-$115 million from $115.4 million in the year ended January 2015.

** CONATUS PHARMACEUTICALS INC, $6.1635, -9.49 pct   Continued...