Stock Alert: Bed Bath & Beyond Gains 13%

Shares of Bed Bath & Beyond Inc. (BBBY) are climbing more than 13% Monday morning at $5.93, continuing its upward momentum from Friday.

Friday, Bed Bath & Beyond said it has been able to bring several hundred associates back from furlough and hundreds of new positions have been created as the company’s online sales increased more than 85% for the month of April to-date.

However, the company has extended the temporary closure of its retail banner stores across the US and Canada, other than buybuy BABY and Harmon Face Values until at least May 16, 2020.

BBBY has traded in the range of $3.43- $17.79 in the last 52 weeks.

Coronavirus: Montreal health-care workers feel targeted after allegedly being barred from stores

In Quebec, some health-care workers are alleging that COVID-19 practices at some stores unfairly target them to the point of being discriminatory.

Kimberly Hurley, who works as an emergency room nurse, alleges she was denied entry when she stopped by a Walmart store in Laval — one of the only places she shops — on April 22.

From Ibiza to Isolation – with DJ Fatboy Slim

Sarah-Jane Mee and guests discuss the uplifting, positive news stories from the last seven days. She’s joined by international DJ Fatboy Slim as they discuss the future of party culture after lock down, and the free gig he’s hosting for NHS frontline workers.

GP and TV Presenter Dr Zoe Williams and Sarah-Jane chat about the achievements of ordinary people doing extraordinary things – including the ‘You Clap For Me Now’ video, and the Mariah Carey song that’s inspired an NHS choir. Got some positive, optimistic news to share? #InThisTogether @SkySarahJane or email [email protected].

Stock Alert: Check Point Spikes On Upbeat Results

Shares of Check Point Software Technologies Ltd. (CHKP), a leading provider of cyber security solutions are climbing more than 4% on the back of upbeat first-quarter results.

Net income for the first quarter was $179 million or $1.23 per share compared with $180 million or $1.15 per share in the same quarter a year ago. Excluding items, EPS of $1.42 beat the average estimate of 30 analysts polled by Thomson Reuters at$1.38.

Revenue increased 3% year-over-year to $486 million. The consensus estimates was at $480.35 million.

“Despite the COVID-19 pandemic, we sustained elevated business activity levels and delivered results in the upper half of our guidance with strength coming from the Americas. We saw an increased demand for network security gateways in order to support higher capacities and expand the use of our remote access VPN solutions. We continued to provide the highest level of security to our customers to allow them to run their business,” said Gil Shwed, Founder and CEO of Check Point Software Technologies.

CHKP is currently trading at $109.33. It has traded in the range of $80.06- $121.25 in the last one year.

SAP Co-CEO Jennifer Morgan To Step Down, Christian Klein Becomes Sole CEO

SAP’s (SAP) Jennifer Morgan will step down as co-chief executive officer just six month after sharing the post with Christian Klein.

Morgan will depart the company, effective 30th April. Klein,39, will continue as sole Chief Executive Officer of the company.

SAP said the current environment requires the company to take swift, determined action which is best supported by a very clear leadership structure. So it has decided to transfer from Co-CEO to sole CEO model earlier than planned to ensure strong, unambiguous steering in times of the coronavirus crisis.

Morgan and Klein took over the Co-CEO role in October 2019 after the departure of long time chief executive officer Bill McDermott.

Stock Alert: Check Point Spikes On Upbeat Results

Shares of Check Point Software Technologies Ltd. (CHKP), a leading provider of cyber security solutions are climbing more than 4% on the back of upbeat first-quarter results.

Net income for the first quarter was $179 million or $1.23 per share compared with $180 million or $1.15 per share in the same quarter a year ago. Excluding items, EPS of $1.42 beat the average estimate of 30 analysts polled by Thomson Reuters at$1.38.

Revenue increased 3% year-over-year to $486 million. The consensus estimates was at $480.35 million.

“Despite the COVID-19 pandemic, we sustained elevated business activity levels and delivered results in the upper half of our guidance with strength coming from the Americas. We saw an increased demand for network security gateways in order to support higher capacities and expand the use of our remote access VPN solutions. We continued to provide the highest level of security to our customers to allow them to run their business,” said Gil Shwed, Founder and CEO of Check Point Software Technologies.

CHKP is currently trading at $109.33. It has traded in the range of $80.06- $121.25 in the last one year.

Boris Johnson Back To Office

British Prime Minister Boris Johnson has returned to work after recovering from coronavirus infection.

Johnson was tested positive for coronavirus with mild symptoms on March 27.

He was admitted to St Thomas’ Hospital in London after 10 days with persistent symptoms. He was moved to intensive care unit later as his symptoms worsened.

He was discharged from the hospital on April 12 after spending three nights in intensive care.

Foreign Secretary Dominic Raab was in charge of running the government in the absence of the Prime Minister.

Speaking in Downing Street Monday, in his first public remarks since he was incapacitated by the disease from official duty, Johnson warned that Britain is at the point of “maximum risk.”

Johnson made the statement as pressure mounts to increase testing in the country and ease the lockdown.

The total number of coronavirus deaths in the United Kingdom crossed 20,000 Monday. The number of infections rose to 152,840.