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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

2/26/15

Emulex Corporation (ELX)

Emulex Corporation is painting the tape green today, up 25.47% to $7.97. The network connectivity and cloud company saw its shares pop after announcing a deal with Avago Technologies. Avago Technologies agreed to buy Emulex for $606 million, or $609 million net of cash and debt acquired. The deal is expected to close during the second half of Avago's fiscal year. Shares of Emulex rallied over $1.60 per share today to a new 52-week high of $8.05.

Clayton Williams Energy Inc. (CWEI)

Clayton Williams is imploding today, down 16.42% to $53.67. The oil and gas company saw its shares plummet after reporting fourth quarter earnings. For the quarter, Clayton Williams' management announced a loss of $4.3 million or -$0.35 per share, and revenue of $94.7 million. Analysts were expecting an EPS of $0.77 and revenues of $108 million. Shares of Clayton Williams fell over $10.40 today but were able to hold up above their 52-week low of $49.71. 

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