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In 2Q16, R&D expense grew by 7.6% or $7.2MM to $102.5MM from $95.3MM in 2Q15. The increase mainly resulted from the expansion of the engineering group due to direct hires and business combinations, as $RHT continues to invest in cloud management and its other emerging technologies. R&D expense was 20.3% of total revenue in 2Q16.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?