Radian Group Inc (NYSE:RDN) up by 4.32%, Dell Inc (NASDAQ:DELL)

Posted by George Brook May 8, 2013 0 Comment 1217 views


Radian Group Inc (NYSE:RDN): In Tuesday’s trading session, shares of Radian Group Inc (NYSE:RDN) rose by 4.32%. The opening price of the shares was $12.87 which reached an intraday high of $13.17 before dropping to $12.65 per share. Over 15.61M shares were traded in Tuesday’s trading session which was higher than the average volume of 8.74M which was measured over a period of 30 days.

Radian Group Inc (NYSE:RDN) posted its quarterly earnings results last on 1 May. The company has reported a quarterly Earnings Per Share of $1.30 which missed the average analyst estimates by $1.27 per share. The quarterly revenue was $207.19 million in comparison to the projected revenue of $200.72 million. In the last year, during the same quarter, Radian had posted EPS of $1.28 and analysts have estimated that in the current financial year the company will post an EPS of $0.22.

Radian Group Inc is essentially a credit enhancement company that focuses on first-lien residential mortgage insurance in the domestic market. The company operates in the financial guaranty and mortgage insurance segments.

Dell Inc (NASDAQ:DELL): In Tuesday’s trading session, shares of Dell Inc (NASDAQ:DELL) dropped by 0.23%. The opening price of the shares was $13.30 which reached an intraday high of $13.33 before dropping to $13.23 per share. Over 16.47M shares were traded in Tuesday’s trading session which was lower than the average volume of 22.61M that was measured over a period of 30 days.

Dell Inc will have to alter its strategy to ensure that it doesn’t get consumed by any major players in the market. Blackstone backed out of their bid after citing that the company has a very shaky financial profile and that the PC market as a whole is on the downtrend. Dell has been losing market share is an alarmingly shrinking PC market and currently holds only 11% of the market share in comparison to the 16% that Lenovo holds. Almost all its segments have been on the downslide- storage has dipped 13%, there has been a drop of 25% in mobility and a 14% slide in the PC segment in the 2013 fourth quarter, year-over-year. These figures are a definite stop-sign for any prospective investor for Dell.


About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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