Weekly CFO Sells Article: MERU, GPS, ALSK, VPHM, COF, TLAB

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Mar 20, 2011
According to GuruFocus Insider Data,the largest CFO sells during the past week are: Meru Networks Inc., GAP Inc., Alaska Communications Systems Group Inc., ViroPharma Inc., CAPITAL ONE FINANCIAL, and, Tellabs Inc.



Meru Networks Inc. (MERU, Financial): CFO Brett T White Sold 61,305 Shares



CFO of Meru Networks Inc. (MERU) Brett T White sold 61,305 shares on 03/18/2011 at an average price of $20.7. Meru Networks, Inc., headquartered in Sunnyvale, California, engages in the development and marketing of a virtualized wireless LAN solution. Meru Networks Inc. has a market cap of $327.5 million; its shares were traded at around $20.4 with and P/S ratio of 3.9.



Meru Networks Inc. has released its fourth quarter 2010 results. During this quarter the company reported total revenue of $22.5 million compared to $19.3 million prior year quarter. GAAP net loss of Meru during this quarter was $0.9 million compared to a net loss of $8.0 million prior year quarter.



Sell: CEO Hakima Ihab Abu sold a total of 10,000 shares of MERU stock on 03/18/2011 at the average price of 20.99. CFO Brett T White sold 61,305 shares of MERU stock on 03/18/2011 at the average price of 20.7. The price of the stock has decreased by 1.45% since. Chief Technical Officer Vaduvur Bharghavan sold 24,107 also sold shares of MERU stock.



GAP INC. (GPS, Financial): EVP, CFO Sabrina Simmons Sold 48,189 Shares



EVP, CFO of GAP INC. (GPS) Sabrina Simmons sold 48,189 shares on 03/17/2011 at an average price of $21.68. The Gap, Inc. is a global specialty retailer which operates stores selling casual apparel, personal care and other accessories for men, women and children under the Gap, Banana Republic and Old Navy brands. Gap Inc. has a market cap of $13.44 billion; its shares were traded at around $21.87 with a P/E ratio of 11.6 and P/S ratio of 0.9. The dividend yield of Gap Inc. stocks is 1.8%. Gap Inc. had an annual average earnings growth of 15.4% over the past 10 years. GuruFocus rated Gap Inc. the business predictability rank of 3.5-star.



GAP INC. recently released its fourth quarter 2010 results. The company reported net earnings of $365 million, an increase of 4% from the $352 million prior year quarter. Net sales this quarter were $4.36 billion compared to $4.24 billion prior year quarter.



Sell: EVP, CFO Sabrina Simmons sold 48,189 shares of GPS stock on 03/17/2011 at the average price of 21.68. Sabrina Simmons owns at least 16,024 shares after this. The price of the stock has increased by 0.88% since.



Alaska Communications Systems Group Inc. (ALSK, Financial): Exec. VP and CFO David Wilson Sold 57,500 Shares



Exec. VP and CFO of Alaska Communications Systems Group Inc. (ALSK) David Wilson sold 57,500 shares during the past week at an average price of $9.86. ALASKA COMM SYS is engaged principally in providing local telephone, wireless, and inter-exchange network and data services to its customers in the State of Alaska through its telecommunications subsidiaries. Alaska Communications Systems Group Inc. has a market cap of $462.1 million; its shares were traded at around $10.33 with a P/E ratio of 57.4 and P/S ratio of 1.4. The dividend yield of Alaska Communications Systems Group Inc. stocks is 8.3%.



Alaska Communications Systems Group Inc. has released its fourth quarter 2010 results. The company reported revenues of $84.8 million compared to $83 million prior year quarter.



Sell: CEO and President Liane J Pelletier sold 231,944 shares of ALSK stock on 03/08/2011 at the average price of 10.16. Liane J Pelletier owns at least 380,509 shares after this. Exec. VP and CFO David Wilson sold a total of 63,500 shares of ALSK stock in March. David Wilson owns at least 151,761 shares after this. The price of the stock has increased by 5.62% since.



ViroPharma Inc. (VPHM, Financial): VP, CFO Charles A Rowland Jr Sold 35,000 Shares



VP, CFO of ViroPharma Inc. (VPHM) Charles A Rowland Jr sold 35,000 shares on 03/14/2011 at an average price of $18.57. ViroPharma Incorporated is an international biopharmaceutical company focused on developing and commercializing products for physician specialists or in hospital settings. Viropharma Inc. has a market cap of $1.49 billion; its shares were traded at around $19.08 with a P/E ratio of 11.8 and P/S ratio of 3.4. Viropharma Inc. had an annual average earnings growth of 11.4% over the past 5 years.



ViroPharma Inc. recently released its fourth quarter 2010 results. During this quarter the company reported net sales of $121.6 million compared to $87.8 million prior year quarter. Total net sales for the year was a record of $439 million, and non-GAAP net income of $157 million, a growth of 88% year over year.



Sell: VP, CFO Charles A Rowland Jr sold 35,000 shares of VPHM stock on 03/14/2011 at the average price of 18.57. Charles A Rowland Jr owns at least 28,496 shares after this. The price of the stock has increased by 2.75% since. Director William D Md Claypool sold 38,641 shares of VPHM stock on 03/03/2011 at the average price of 18.27.



CAPITAL ONE FINANCIAL (COF, Financial): CFO Gary L Perlin Sold 32,003 Shares



CFO of CAPITAL ONE FINANCIAL (COF) Gary L Perlin sold 32,003 shares on 03/15/2011 at an average price of $50.5. Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. Capital One Financial has a market cap of $23.35 billion; its shares were traded at around $51.05 with a P/E ratio of 7.6 and P/S ratio of 1.2. The dividend yield of Capital One Financial stocks is 0.4%.



During its fourth quarter 2010, CAPITAL ONE FINANCIAL reported net income of $697 million compared to $376 million prior year quarter. Charge-offs improved by $0.8 billion from the same period last year.



Sell: CFO Gary L Perlin sold a total of 204,057 shares of COF stock on in late February and March Gary L Perlin owns at least 208,232 shares after this. The price of the stock has increased by 1.09% since. Chief Information Officer Robert M. Alexander and Chief Human Resources Officer Jory A Berson also sold shares of COF stock late February.



Tellabs Inc. (TLAB, Financial): EVP & CFO Timothy J Wiggins Sold 31,333 Shares



EVP & CFO of Tellabs Inc. (TLAB) Timothy J Wiggins sold 31,333 shares on 03/10/2011 at an average price of $5.21. Tellabs helps the world's communications service providers build tomorrow's converged networks of voice, data and video. Tellabs Inc. has a market cap of $1.81 billion; its shares were traded at around $4.99 with a P/E ratio of 10.8 and P/S ratio of 1.1. The dividend yield of Tellabs Inc. stocks is 1.6%.



Tellabs Inc. has released its fourth quarter 2010 results. During this quarter the company reported revenue of $410 million, up 5% from the $389 million prior year quarter. The company also reported a GAAP net loss of $11 million compared to net earnings of $62 million prior year quarter.



Sell: EVP & CFO Timothy J Wiggins sold 31,333 shares of TLAB stock on 03/10/2011 at the average price of 5.21. Timothy J Wiggins owns at least 321,694 shares after this. The price of the stock has decreased by 4.22% since.



For the complete list of stocks that Sold by their CFOs, go to: Insider Buys.