Archive for the ‘Penny Stocks’ Category

« Older Entries
Newer Entries »

Akeena Solar, Inc. (WEST) – Buzz Stock of the Day

Wednesday, December 15th, 2010

The sun was shining on solar companies today, as upbeat outlooks sent shares of several solar companies soaring.

The biggest gainer of the day was Akeena Solar, Inc. (Nasdaq: WEST), which surged as much as 53 percent today after the solar products maker raised its fourth-quarter revenue growth forecast to more than 50 percent sequentially.

“We are encouraged by the pace of sales in the fourth quarter and we are confident that we will see sequential revenue growth in excess of 50 percent,” said Westinghouse Solar’s CEO, Barry Cinnamon in a statement.

Akeena, which operates under the trade name Westinghouse Solar, said the key driver behind its revised revenue growth guidance is its ability to add new dealers in California, and elsewhere in the U.S.

On September 10, 2010 Westinghouse Solar announced it would be expanding its distribution business to include sales of its Westinghouse Solar Power Systems directly to dealers in California, and exiting its solar panel installation business. The company provided guidance on October 28 that it anticipated sequential revenue growth for its distribution business of approximately 40-50 percent in the fourth quarter of 2010 as compared to the third quarter.

“We continue to add new dealers both within California and in the rest of the country, and our network of installers is now over 130 independent solar dealers extending into 34 states plus Canada,” Cinnamon said.

“So far, we are seeing positive signs that the distribution business should prove to be as scalable as we anticipated when we made the decision to exit the installation business. We are also continuing discussions with new strategic distribution partners to increase our top line sales, and supplier partners to reduce our costs. We continue to anticipate that our cash operating expenses for continuing operations will be approximately $1.5 — 1.6 million in the fourth quarter.”

Other notable solar stock gainers included First Solar, Inc. (Nasdaq: FSLR), and Trina Solar Ltd. (NYSE: TSL)

Shares of Akeena Solar, Inc. are down about 4 percent over the past three months.

Tags: , ,
Posted in Penny Stocks, Technology Stocks | No Comments »

Zix Corp. (ZIXI) – Buzz Stock of the Day

Tuesday, December 7th, 2010

Shares of e-mail security solutions provider, Zix Corp. (Nasdaq: ZIXI) surged more than 10 percent from Monday’s closing price in morning trading on Tuesday.

For the third quarter ended September 30, 2010, Zix Corp. reported net income of 4 cents per share, up 196 percent from earnings of a penny per share in the third quarter of 2009. Sales increased 15 percent to $9 million, compared to the same quarter a year ago.

Among the highlights from the quarter were a deal to provide secure email to the The Alcohol and Tobacco Tax and Trade Bureau (TTB), a new, three-year contract with a Blue Cross Blue Shield (BCBS) organization that replaced a competitor’s solution, and continued growth in the financial services industry, where Zix has more than 1,400 customers.

“With the increase in demand for secure email for customer privacy and to meet regulatory compliance standards, ZixCorp finds itself in a good position,” said Rick Spurr, Chairman and CEO of Zix Corp. in a statement.

A recent article by the Motley Fool stated “Zix’s losses have been steadily narrowing for years, and now it’s both earnings- and cash flow-positive. That’s a good sign if the company’s business model attracts you at all.”

Zix reported 2.2 million in new first year orders for Q3,”which represents the strongest third quarter in the company’s history, and among the best sales performance we have seen in any quarter in our history,” Spurr said in a conference call with analysts. “That success is driven by strong performance across our three core verticals, health care, finance and government. This broad-based demand results from general heightened awareness of the need for Email Encryption as part of an overall IT security strategy, plus the customers’ recognition of our differentiated, world-class service offering.”

For the full-year 2010, the Company is reaffirming its previously issued revenue guidance and increasing its adjusted non-GAAP earnings to be between $0.11 and $0.12, per fully diluted share.

Shares of Zix Corp. are up about 55 percent over the past three months.

Tags: ,
Posted in Penny Stocks, Technology Stocks | No Comments »

Columbia Laboratories, Inc. (CBRX) – Buzz Stock of the Day

Monday, December 6th, 2010

Shares of specialty drug developer, Columbia Laboratories, Inc. (Nasdaq: CBRX) were up as much as 32 percent from Friday’s closing price in morning trading on Monday after the company announced positive results from a Phase 3 clinical trial of PROCHIEVE 8%, a  gel developed by Columbia Laboratories and Watson Pharmaceuticals, Inc. (NYSE: WPI) to reduce the risk of preterm birth in women.

The administration of PROCHIEVE 8% vaginal progesterone gel was associated with a statistically significant reduction in the rate of preterm birth at less than or equal to 32 6/7 weeks gestation, the primary endpoint of the study, compared to placebo gel.  There was also evidence of improvement in infant outcome. This study was conducted in collaboration with the Perinatology Research Branch (PRB) of the Division of Intramural Research of the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) of the National Institutes of Health (NIH).

“The primary result of this trial shows that vaginal progesterone reduces the rate of spontaneous preterm birth,” said Dr. Roberto Romero, Chief of the Perinatology Research Branch of the NICHD/NIH.

Preterm birth affects 10 percent to 12 percent of all pregnancies in the United States, costing approximately $26 billion per year.

“If ultimately approved, the availability of PROCHIEVE 8% would represent a previously unavailable option in the physician’s arsenal of responses, which currently focuses on extending pregnancy where possible and addressing infant care following premature birth,” said Fred Wilkinson, Watson’s Executive Vice President, Global Brands in a statement.

Shares of Columbia Laboratories, Inc. have been up as much as 86 percent in the past three months.

Tags: , , , ,
Posted in Health Care Stocks, Penny Stocks | No Comments »

Rediff.com India Ltd. (REDF) – Buzz Stock of the Day

Thursday, December 2nd, 2010

Shares of Internet service provider Rediff.com India Ltd. (Nasdaq: REDF) were up as much as 18 percent from Wednesday’s closing price in morning trading on Thursday. Shares of Rediff were up more than 3 percent in pre-market trading today, as well.

For the second quarter ended September 30, Rediff.com reported a net loss of $1.59 million, or 6 cents per ADS, down from $2.61 million, or 9 cents per ADS. Total revenue in the quarter climbed 21 percent to $5.07 million over the same quarter last year. Gross margin in the quarter increased to $2.48 million, or 49 percent of sales, up from $1.57 million, or 37 percent of sales.  The company’s core online advertising revenues in its India business grew 46 percent compared to the same quarter of the previous year; total India revenues, which includes fee-based and online advertising revenues, grew 35 percent for the quarter, while Rediff’s global revenues grew 21 percent  for the quarter, in each case over the same quarter last year.

As of September 30, 2010, Rediff.com’s total registered users grew to 95 million, an increase of 15 percent compared to the comparable period in 2009.

“New products and services introduced over the past year have been focused on improving our users experience, as well as expanding our footprint in new growth segments, such as social networking, gaming and now, mobile services,” said Rediff.com’s Chairman and CEO, Ajit Balakrishnan in a statement. “Our balance sheet remains strong and we believe Rediff has improved its competitive position and is poised for growth in the years ahead.”

One of Rediff.com’s most recent initiatives is a subscription-based e-mail service called Rediffmail NG. Rediffmail NG allows Indian Internet users to sync, send and receive e-mails on their mobile phones for about $1 per-month. The service works across almost all mobile phone platforms including Symbian, Java, Andriod, as well on almost all low cost phones starting at prices as low as US $30. This is a first for the Indian market as the estimated 670 million mobile phone user in India will now have affordable email service at their fingertips.

“Our Rediffmail NG mobile platform is a first step towards increasing our share of subscription-based revenue and we believe, will yield an additional revenue stream for our Company while enabling us to take part in the exciting growth of mobile services,” Balakrishnan said.

Tags: , , , ,
Posted in Penny Stocks, Technology Stocks | No Comments »

Linktone Ltd. (LTON) – Buzz Stock of the Day

Wednesday, December 1st, 2010

Shares of Chinese telecom services provider, Linktone Ltd. (Nasdaq: LTON) were up as much as 43 percent from Tuesday’s closing price in morning trading on Wednesday after the company announced a 43 percent increase in third quarter revenue, compared to the same period last year.

For the quarter ended September 30, 2010, Linktone reported gross revenues of $19.8 million, a 17 percent sequential increase compared with$16.9 million in the second quarter of 2010, and 43 percent year-over-year growth compared with $13.8 million in the third quarter of 2009. Gross profit for the quarter was $6.9 million, up 33 percent from $5.2 million in gross profit in the same quarter a year ago. Operating income in the quarter increased to $1.0 million, compared with a  loss of $0.1 million for the third quarter of 2009. Non-GAAP net income was $0.7 million or $0.02 per ADS, compared to $0.4 million or $0.01 per ADS in the third quarter of 2009.

“As a result of effective marketing initiatives and our efforts to differentiate our services during the highly competitive season of summer school vacation, we achieved another strong quarter, with revenue from all segments of VAS data-related services, audio-related services and sales of licensed edutainment andNon-GAAP net income was $0.7 million or $0.02 per ADS, compared to $0.4 million or $0.01 per ADS in the third quarter of 2009. entertainment products achieved sequential growth,” said Linktone’s Chief Executive Officer Hary Tanoesoedibjo in a statement. “Our healthy cash balance remains a valuable asset as we continue to assess opportunities for growth, expansion and diversification.”

For the fourth quarter ending December 31, 2010, Linktone expects gross revenues to be in the range of $20.0 million to $21.0 million including revenue from its value-added services, distribution of licensed products and other services.

Linktone is one of the leading providers of wireless interactive entertainment services to consumers in China and Southeast Asia.  Linktone provides a diverse portfolio of services to wireless consumers and corporate customers, with a particular focus on media, entertainment, communications and edutainment.

Shares of Linktone Ltd. are up about 36 percent over the past three months.

Tags: , ,
Posted in Penny Stocks, Technology Stocks | No Comments »

« Older Entries
Newer Entries »