Tibco Software, Finish Line, Global Payments, InvenSense Top Percentage Losers Mar 30th

Tibco Software Inc. (NASDAQ:TIBX): Sees Q2 revenue $240M-$244M, consensus $242.21M. Sees Q2 adjusted operating margin 23%-24%. Sees Q2 license revenue $91M-$95M. The shares closed at $30.50, down $1.95, or 6.01%. They have traded in a 52-week range of $18.43 to $32.86.

Finish Line Inc (NASDAQ:FINL): The Finish Line announced that Gart Capital Partners is making a $10M strategic investment in Finish Line’s Running Specialty Group with the goal of creating the nation’s single largest operator within the growing specialty running business, a market that has been estimated at up to $1B. Finish Line remains majority owner of the Running Specialty Group. The shares closed at $21.22, down $4.12, or 16.26%. They have traded in a 52-week range of $16.42 to $26.16.

Global Payments Inc. (NYSE:GPN): Global Payments announced it identified and self-reported unauthorized access into a portion of its processing system. In early March, the company determined card data may have been accessed. It says it immediately engaged external experts in information technology forensics and contacted federal law enforcement. The company promptly notified appropriate industry parties to allow them to minimize potential cardholder impact. The company is continuing its investigation into this matter. “It is crucial to understand that this incident does not involve our merchants or their relationships with their customers,” said the company’s CEO. The shares closed at $47.50, down $4.73, or 9.06%. They have traded in a 52-week range of $38.26 to $53.93.

InvenSense Inc (NYSE:INVN): Oppenheimer downgraded InvenSense ahead of the May 15 lock-up expiration citing valuation and competition. Price target remains $15. The shares closed at $18.10, down $1.5, or 7.65%. They have traded in a 52-week range of $8.25 to $22.35.

InterOil Corporation (NYSE:IOC): InterOil announced that the Triceratops-2 well in Papua New Guinea was drilled from the 9 5/8 casing shoe at 4,111 feet to current total depth of 5,971 feet. The top marl transition zone was encountered at 3,976 feet and the top of the carbonate reservoir at 4,482 feet. Since penetrating the carbonate reservoir to the current TD, background gas and persistent mud losses of between 5 to 40 barrels per hour have been encountered. Delivery of drill stem testing equipment has been delayed and InterOil has elected to continue drilling towards an expected total targeted depth of 7,546 feet to expedite logging the well. The company plans to conduct a DST once the wireline logging program has been completed. The shares closed at $51.41, down $2.97, or 5.46%. They have traded in a 52-week range of $31.18 to $76.00.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com