RPX Corp(NASDAQ:RPXC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $81.802M. Analysts estimated a revenue of $83.580M. The revenues were -2.13% below the estimates. Earnings per share were $0.12. The reported EPS was below estimates by -29.41%. Analysts had estimated an EPS of $0.17.
RPX Corp (RPXC) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.87% at a volume of 2,85,336. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.43. The peak price level was also seen at $11.43 while the days lowest was $11.22. Finally the shares closed at $11.33. The 52-week high of the shares is $11.94 while the 52-week low is $8.6. According to the latest information available, the market cap of the company is $557 M.
Several Insider Transactions has been reported to the SEC. On Feb 8, 2017, Mallun Yen (Executive Vice President) sold 5,000 shares at $10.55 per share price.Also, On Nov 22, 2016, Steven S Swank (Senior Vice President) sold 4,095 shares at $10.61 per share price.On Nov 22, 2016, Robert H Heath (Chief Financial Officer, SVP) sold 4,000 shares at $10.60 per share price, according to the Form-4 filing with the securities and exchange commission.
RPX Corporation (RPX) helps companies reduce patent-related risk and expense by providing a subscription-based patent risk management solution. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. The core of its solution is defensive patent aggregation in which it acquires patents and licenses to patents that are being or may be asserted against its and prospective clients. It then licenses these patent assets to its clients to protect them from potential patent infringement assertions. It also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from multiple parties including operating companies individual inventors non-practicing entities (NPEs) universities and bankruptcy trustees.