IRIDEX Corporation(NASDAQ: IRIX) gains after saying late yesterday that the FDA has granted clearance of its TxCell Scanning Laser Delivery System. The system is designed to enhance laser photocoagulation procedures and allow physicians to operate the laser in a multi-spot scanning mode, which is a more efficient method for these procedures than the traditional single spot mode.
SandRidge Energy Inc.(NYSE: SD) CEO Tom Ward is not the first energy boss to live large at shareholders’ expense (see Aubrey McClendon), but his extravagance would make J.R. Ewing blush and angry owners are right to want him out, Chris Swann writes. Ward has drawn $150M in payments since SD’s 2007 IPO; annual G&A expenses approach 8% of SD's market cap, and only Chesapeake comes close at 5%.
Casella Waste Systems Inc.(NASDAQ: CWST) slips after missing on its FQ2 results yesterday, and saying that it's reshuffling its management ranks. Net losses widened on debt-related losses, as earnings were negatively impacted by difficult economic conditions. Recycling commodity prices, landfill volumes at its Western New York landfills and its roll-off collection line-of-business all contributed to underperformance. The company lowers its FY13 sales outlook from $475M - 485M to $468M - 478M. Street estimates were at $475M.
Partner Communications Company Ltd (ADR)(NASDAQ: PTNR) has rallied after receiving a two-notch upgrade to Buy from BofA/Merrill. The upgrade comes just after media tycoon Haim Saban reached a deal to buy a 30.7% stake in the Israeli mobile carrier from holding firm Scailex.
Pandora Media Inc(NYSE: P) is ticking higher ahead of this afternoon's FQ3 report. This morning, SunTrust raised its FQ3 revenue forecast to $117.3M from $115.8M (consensus stands at $117M), citing improving PC and mobile ad rates. Shares have rallied strongly since last Monday on positive comScore data and hopes the Internet Radio Fairness Act will be passed.
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