NEW YORK (TheStreet) -- BlackBerry (BBRY) jumped Wednesday after announcing it struck a deal with Google (GOOGL) - Get Report to provide its Android users access to its mobile security platform BES12. Aruba Networks (ARUN) soared on reports that Hewlett-Packard(HPQ) - Get Report was interested in buying the wireless network company. WebMD Health (WBMD) also surged based on its fourth-quarter performance.
BlackBerry rose 2.3% to close at $10.51.
The smartphone maker, which has a reputation for delivering highly secure mobile devices used by likes of Pres. Obama and other government officials, got a lift after announcing it struck a deal with Google. Under the arrangement, BlackBerry's BES12 enterprise mobility management platform will manage devices equipped with Android for Work.
The Android for Work, using BES12, allows companies to separate employees' business data and applications on their Android phones from their personal data and apps. For BlackBerry, it's the second big win for its BES12 platform, according to a Reuters report. Last November, Samsung Electronics (SSNLF) entered into a similar arrangement.
Aruba surged 21% to close at $22.24. Hewlett-Packard was less fortunate, falling 9.9% to $34.67.
Wireless network infrastructure company Aruba received a tremendous boost, after a report in Bloomberg stated a merger deal with H-P could happen as early "as next week." Given Aruba's market cap is nearly $2.5 billion, an acquisition of the company will likely be far north of that.
H-P's stock took a hit, but it may be more related to its less-than-stellar first-quarter performance it reported after the markets closed Tuesday and its lower-than-expected second-quarter forecast. In after-hours trading yesterday, the stock slid as much as 6% in after-hours trading, according to a CNBC report.
WebMD soared 8.2% to finish the day at $44.70.
The online health information, news and advice site gained after posting stronger-than-expected fourth-quarter results after the markets closed Tuesday.
WebMD posted adjusted earnings of 36 cents a share on revenue of $162.7 million. Wall Street was anticipating earnings of 31 cents a share on revenue of $160.2 million. While its forecast for the current quarter came in roughly 1.5 million lighter than analysts expected, apparently it was not enough to scare investors away.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.