Posts Tagged ‘CLWR’

VG clicks, S sprints, FDO bogs down

Wednesday, January 5th, 2011

Vonage Holdings Corp. (NYSE: VG) soared 17 percent in price Wednesday to $2.69. Volume for VG was 11,214,128 shares, more than its all-day average, as the company said that it added 6,000 lines in the most recent quarter — the first quarterly gain in subscribers in more than two years.

Sprint Nextel Corporation (NYSE: S) was a volume leader Wednesday, trading in 61,162,329 shares, or about 10 percent more than its daily average. Prices for the stock gained 4.5 percent to $4.65. The third-largest U.S. wireless carrier refused to purchase debt form Clearwire Corp. (Nasdaq: CLWR), which is running a risk of defaulting its loan agreements. Sprint shares rose on this news.

Family Dollar Stores Inc. (NYSE: FDO) dropped 8.4 percent Wednesday to $45.17, on volume of 8,908,228 shares, nearly five times its full-day average. FDO said that its fiscal first-quarter profit climbed 10 percent as more shoppers came to its stores to purchase items like candy and food.

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Posted in Consumer Discretionary Stocks, Technology Stocks | No Comments »

FNSR sings in Q2, CSCO trades widely, CLWR murky

Thursday, December 2nd, 2010

Finisar Corporation (NasdaqGS: FNSR) spiked 16.24 percent in price to $22.98 in afternoon trading Thursday. Volume of 6,927,403 shares easily doubled its normal full-day average volume and then some. The Sunnyvale, Calif.-based maker of optical networking equipment posted stronger-than-expected Q2 results for its fiscal second quarter thanks to growing demand. Its adjusted earnings of 44 cents per share sailed past Wall Street’s expectations of 38 cents, and its revenue of $240.9 million — a 65 percent increase from last year — also handily beat forecasts.

Cisco Systems Inc. (NasdaqGS: CSCO) did a fine business Thursday afternoon, dealing in 74,497,156 shares, surpassing its full-day average of 69,038,800. CSCO shares slid, however, 0.67 percent to $19.19.

Clearwire Corporation (NasdaqGS: CLWR) jettisoned 11.14 percent in price Thursday to $6.06, on volume of 5,948,322 shares, or more than twice its full-day average. The Kirkland, WA-based CLWR announced plans Thursday to sell more than $1.1 billion in debt after months of negotiations to stave off a looming funding gap as it spends billions on building a new wireless network.

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Posted in Technology Stocks | No Comments »