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Novavax scaling production of NVX-CoV2373 vaccine candidate
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Novavax, Inc. (NASDAQ:NVAX) stock has gained 2188.84% over the last six months. The company is receiving help from FUJIFILM in the mass production of COVID-19 vaccines. Novavax announced in June that the Tokyo based biotech company will help in manufacturing clinical trial doses of their vaccine candidate. Stanley Erck the CEO and President of Novavax said they are delighted to collaborate with FUJIFILM in scaling production in the efforts to deliver a vaccine.
Early last month Novavax was picked to be part of Operation Warp Speed and it secured $1.6 billion to facilitate efforts of having a COVID-19 vaccine by next year. The company is expected to deliver around 100 million NVX-CoV2373 doses by late this year.
Dance2Fit comes to Overstock.com as sales surge over Pandemic
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Over the past six months, Overstock.com Inc. (NASDAQ:OSTK) stock has gained 950.13%. Fitness Company Dance2Fit is coming to Overstock.com as part of the expansion of its e-commerce offering in 2020. Dance2Fit partnered with Amazon.com Inc. (NASDAQ:AMZN) which was a smart move for the fitness company since the e-retailer boasts a large following. As more people stay at home and buy from home having a diverse e-commerce collection is a good move for the success of the brand and it will benefit significantly from Overstock.
The stay at home orders has benefitted Overstock.com which saw a surge in sales during the pandemic. The company's CEO Jonathan Johnson lauded the business model of the company for the success witnessed.
Fastly Inc. expects a loss of $0.02 per share in Q2 2020
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Fastly Inc. (NYSE:FSLY) has also gained around 397.82% in the last six months. The company will release its Q2 earnings results on August 5 and it expects to post a loss of $0.02 per share. Zacks Consensus estimates expect a loss of $0.01 that has widened by a penny over the past months. In Q2 2019 the company had a loss of $0.16 per share.
Revenue for the quarter is expected to be range between $70 million and $72 million. Consensus estimates peg the revenue at $71.7 million which will be a 52.2% growth from the figure reported last year. Growth in the second quarter is attributed to the solid internet traffic growth because of the COVID-19 led lockdowns and stay at home orders.
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