Posts Tagged ‘communications’

JDSU joyful, SIRI does serious volume, USNA sells off

Wednesday, February 9th, 2011

JDS Uniphase Corp. (Nasdaq: JDSU) shares climbed 7.1% to $24.47, on volume of 24.5 million shares, compared to a daily average of 5.4 million. The maker of optical networking equipment reported great earnings last week, and shares are up an astonishing 36% since then.

Sirius XM Radio Inc. (Nasdaq: SIRI) traded in 30 million shares Wednesday, still trailing its daily average of 49.1 million. Prices dipped 0.8% to $1.77, after the company hinted revenues will beat expectations on next week’s release of “Valentine’s Radio,” a four-day, limited-run channel.

USANA Health Sciences Inc. (NYSE: USNA) shares faded 12.5% to $35.20 Wednesday. Volume of 273,149 shares towered over a full-day average of 41,636, after announcing its fourth-quarter profit improved 21% over the year before.

SWS goes into stratosphere, MSFT manages, NVTL goes lower

Wednesday, February 9th, 2011

SWS Group Inc. (NYSE: SWS) improved 36.8% to $5.87 Wednesday, on volumes of 2.2 million or about six times its normal volume, after the brokerage house struck a regulatory pact to fix its bank woes.

Microsoft Inc. (Nasdaq: MSFT) traded in 32.2 million shares Wednesday, closing in on its daily average of 56.8 million. Prices dipped 0.8% to $28.07, on announcing it’s promoting Senior Vice President Satya Nadella, who was instrumental in the launch of Bing search engine, to lead one of its fastest growing and most profitable divisions — the server and tools business.

Novatel Wireless Inc. (Nasdaq: NVTL) shares tumbled 14.9% to $6.29 Wednesday. Volume was 2.3 million shares, more than triple its full-day average, after an analyst lowered his investment rating on the broadband services provider, citing increasing competition.

XETA skyward, BAC busy, MOTR motors in reverse

Wednesday, February 9th, 2011

Xeta Technologies Inc. (Nasdaq: XETA) shares galloped 40.9% to $5.41. Volume for the stock was 484,833 shares, compared to an all-day average of 14,000, after the announcement that Paetec Corporation was to purchase XETA for $61 million.

Bank of America Corp. (NYSE: BAC) traded in 33.8 million shares Wednesday, pursuing its average of 192.4 million. Prices faded 0.3% to $14.56

Motricity Inc. (Nasdaq: MOTR) shares were off 23.3% to $16.90 Wednesday. Volume was 7.8 million shares, waltzing over a full-day average of 1.3 million, after the provider of wireless-data services projected first-quarter sales beneath analysts’ estimates late Tuesday.

BASI boosts, S steady, DBLE loses fuel

Monday, February 7th, 2011

Bioanalystical Systems Inc. (Nasdaq: BASI) grew in price 25 per cent Monday to $2.60, on volume of 111,964 shares, twice and a half its daily average, after reporting quarterly profit of $310,000, compared to a loss of $1.5 million in the prior-year quarter.

Sprint Nextel Corporation (Nasdaq: S) traded in 41.6 million shares, catching up on a daily average of 49.8 million. Share prices edged up 0.3 percent to $4.42, on word S was getting set to offer a dual-screen Android smartphone.

Double Eagle Petroleum Company (Nasdaq: DBLE) went south 13.7 percent Monday to $9.10. Volume was 1.2 million shares, towering over a daily average of 81,466. DBLE explores for, develops, and sells natural gas and crude oil, with natural gas constituting more than 95% of its production and reserves.

FRG shines, CSCO busy, CCME staggers

Thursday, February 3rd, 2011

Fronteer Gold Inc. (AMEX: FRG) shares traveled 38.6 percent to $14.46 Thursday, on volumes of 14.9 million, dwarfing its full-day average of 1.4 million, after announcing that Newmont Mining would acquire FRG.

Cisco Systems Inc, (Nasdaq: CSCO) traded in 35.7 million Thursday, catching an all-day average of 73.3 million. Share prices gained one percent to $21.83, after Oppenheimer pegged CSCO as a potential $25 stock.

China MediaExpress Inc. (Nasdaq: CCME) took a price header Thursday, sliding 22.6 percent to $12.86. Volume was 10.5 million or six times its daily average.