Here’s Why Mylan, Diamondback Energy, TESARO and Two Other Stocks Are Surging Today

Mobileiron Raises Third Quarter Guidance

Mobileiron Inc (NASDAQ:MOBL)’s stock has appreciated by over 18% after the company raised its third quarter guidance. The Mountain View, California-based company now expects gross billings to be in the range of $46.5 million to $47.5 million, above the prior guidance of $43-$45 million, while total revenue estimates are between $41 million and $42 million, compared to the previous forecast of $39-$41 million and a consensus analyst estimate of $40.41 million. Non-GAAP operating expenses are expected to be at the low end of $41-$43-million range. Mobileiron Inc (NASDAQ:MOBL) will announce third quarter results on October 27. Just eight funds from our database were bullish on Mobileiron Inc (NASDAQ:MOBL) at the end of June.

TESARO Shares Rising After Successful Cancer Study

Oncology-focused pharmaceutical company TESARO Inc (NASDAQ:TSRO)’s stock is going through the roof today, after the company’s ovarian cancer experimental drug Niraparib improved outcomes for all women with recurrent ovarian cancer in a clinical study. The drug stopped the disease progression, and prolonged the lives of the patients, according to a press release by the company. Niraparib basically inhibits enzymes involved in repairing damaged DNA, thus suppressing the cancer growth. Mansoor Raza Mirza, the leader of the clinical study said the drug is a breakthrough for patients with ovarian cancer, as such benefits in progression-free survival (PFS) in recurrent ovarian cancer pateitns have never been seen before. At the end of the second quarter, 28 funds in our database held shares of TESARO Inc (NASDAQ:TSRO), up from 19 funds a quarter earlier.

Diamondback Energy Raises 2016 Outlook

Diamondback Energy Inc (NASDAQ:FANG) shares have gained over 10% after the company announced preliminary third-quarter results, increased full fiscal 2016 guidance and also provided outlook for the next year. The Midland, Texas-based company’s average daily production during the quarter was 44,923 BOE/D (73% oil), a 22% rise on the quarter. For 2016, Diamondback Energy Inc (NASDAQ:FANG) expects to produce from 41,000 to 42.000 barrels of oil equivalent daily, which represents an increase of 6% from the midpoint of its July guidance. For 2017, the company sees a production growth of 30% at the midpoint of the updated 2016 range. Diamondback’s CEO Travis Stice said in a statement that the results show the company’s ability to turn its “growth engine” back on. The company also said it is no longer engaged in acquisition talks. Alec Litowitz and Ross Laser’s Magnetar Capital is one of 34 funds from our database that are bullish on Diamondback Energy Inc (NASDAQ:FANG) as of the end of the second quarter.

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