Fourth quarter revenue and earnings climbed for New Oriental Education & Technology Group Inc. (NYSE: EDU) to 27 cents per American Depositary Share compared with 18 cents per ADS a year earlier but the company forecast current quarter revenue below expectations. 

Crocs tops estimates


Second quarter earnings dropped for Crocs Inc. (Nasdaq: CROX) to 19 cents per shares from 40 cents per share a year earlier but the results were better than expected and the company announced strategic plans to improve and grow its business. Shares of the footwear maker climbed $1.84 to close at $16.68.

CIT Group to buy OneWest Bank


CIT Group Inc. (NYSE: CIT) will acquire OneWest Bank in a cash and stock deal valued at approximately $3.4 billion sending the stock price soaring $4.76 to close at $48.71.

Coverage initiated on Net Element


SeeThruElement initiated coverage of Net Element Inc. (Nasdaq: NETE) with a price target of $3.27. The stock price surged 83 cents to $2.28.

FuelCell receives grant


The German Federal Ministry of Economic Affairs and Energy granted FuelCell Energy Inc. (Nasdaq: FCEL) 4.9 million euros for a three year research and development project lifting the stock price 24 cents to $2.45.

Investors ignored the latest attack on Herbalife Ltd. (NYSE: HLF) that was launched by Pershing Square's Bill Ackman. Shares of the nutritional supplement and weight management firm leaped $9.88 to $63.90.

Activist investor Bill Ackman said that Herbalife Ltd. (NYSE: HLF) would collapse. Shares of the weight management and nutritional supplement company plummeted $6.82 to close at $54.02.

Glu Mobile price target lifted


Cowen & Co. analyst Doug Creutz lifted his price target on Glu Mobile Inc. (Nasdaq: GLUU) from $6 to $10 sending the stock price up 68 cents to close at $7.47.

Plug Power extends gains


Shares of Plug Power Inc. (Nasdaq: PLUG) continued climbing by rising 66 cents to close at $5.69.

CounterPath receives patent


CounterPath Corp. (Nasdaq: CPAH) received a patent for its mobile network based authentication methods. The stock price leaped 35 cents to $1.44.


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