Pre-market Movers For July 23 (FIRE, NFLX, RSH, DD, ARRY, CSE, FTNT, PENN, CYTK)

(RTTNews) - Gainers:

Sourcefire, Inc. (FIRE) is surging 29 percent to $76.31. Cisco (CSCO) has agreed to acquire the company for $76 per share in cash and assume outstanding equity awards for an aggregate purchase price of approximately $2.7 billion, including retention-based incentives. Cisco expects the acquisition to be slightly dilutive to non-GAAP earnings in fiscal year 2014 due to normal purchase accounting adjustments and integration costs.

RadioShack Corp. (RSH) is up 2 percent to $3.00. The company's second quarter net loss widened from the previous year period. Total net sales and operating revenues for the quarter declined from the year-ago quarter. The company said its gross profit performance was negatively impacted by soft demand for postpaid units and consumer response to specific promotions during the quarter. The company also announced that its finance chief Dorvin Lively, has resigned from the company and that Holly Etlin, a managing director at AlixPartners, has been named for the interim role.

DuPont (DD) is rising 4 percent to $59.40. The company's second quarter profit and net sales were lower than in the prior year period. The company expects to deliver full-year earnings modestly above 2012 results, overcoming steep declines in the titanium dioxide market and economic headwinds in Europe and parts of Asia. The company also said it is exploring strategic alternatives for its Performance Chemicals segment.

Array BioPharma, Inc. (ARRY) is up 13 percent to $6.28 following the announcement of positive results from a placebo-controlled, randomized, double-blind Phase 2 trial in mild to moderate persistent allergic asthma for ARRY-502, an oral CRTh2 antagonist.

CapitalSource Inc. (CSE) is up 19 percent to $11.75 based on the news that PacWest Bancorp (PACW) has agreed to buy the company in a deal valued at about $2.3 billion.

Fortinet Inc. (FTNT) is up 10 percent to $22.50.

Decliners:

Netflix, Inc. (NFLX) is down 4 percent to $250.38 following the release of its quarterly results.

Penn National Gaming Inc. (PENN) is down 7 percent to $50.05. The company slipped to a loss in its second quarter. Net revenues improved from the prior year period, but missed the consensus estimate. The company said it is guarded in its outlook for the remainder of the year, given the trends from the first two quarters, the results thus far in July, and a lack of visibility on factors that would improve national regional gaming revenue trends.

Trading halt:

Trading in shares of Cytokinetics, Inc. (CYTK) was halted. The company announced an amendment to the protocol for BENEFIT-ALS to enable increased enrollment to approximately 680 patients and to update the statistical methods section, in both cases with the objective to maintain the originally intended statistical power of the trial. The company noted that the Data Safety Monitoring Board reported no concerns regarding patient safety, after review of the relevant safety data from BENEFIT-ALS. The company now expects to complete patient enrollment in BENEFIT-ALS during the second half of 2013, with results to be available in early 2014.