Posts Tagged ‘communications’

BIDZ amazing, JDSU trades, AXTI takes beating

Monday, February 14th, 2011 (Nasdaq: BIDZ) shares ballooned 15.8% to $1.56, on volumes of 860, 625 shares, trouncing a daily average of 34,422 shares.

JDS Uniphase Corp. (Nasdaq: JDSU) traded in 28.5 million shares Monday, better than quadrupling a daily average of 6.8 million. Share prices swooned 1% to $27.88. JDS recently reported a 142% jump in fourth-quarter earnings per share as sales rose 38% to $473.5 million.

AXT Inc. (Nasdaq: AXTI) shares slipped 12.6% to $9.81, on volume of 1.7 million shares, more than tripling its daily average. AXT will release its financials Feb. 23.

INPH incredible, F on move, MMI sags

Monday, February 14th, 2011

Interphase Corporation (Nasdaq: INPH) shares launched 14.6% higher Monday to $4.70. Volume topped two million shares, towering over an average around 59,000. The company last week reported quarterly revenues were up 24% to $5.8 million when compared to $4.7 million for the fourth quarter of 2009.

Ford Motor Company (NYSE: F) traded in 48.8 million shares Monday, compared to a daily average of 89.8 million. Share prices fell flat 1.9% to $16.07, after announcing the sale of $586 million worth of securities.

Motorola Mobility Holdings Inc. (NYSE: MMI) shares shed 5% to $29.59, on volume of 3.4 million shares, just shy of its four-million-share daily average, after the cell-phone maker said it bought software developer Three Laws Mobility Inc. for an undisclosed sum late last year.

RLOG proves bargains, CSCO creeps ahead, MOBI moves south

Monday, February 14th, 2011

Rand Logistics Inc. (Nasdaq: RLOG) added 19% to $6.30, on volumes of 103,328 shares, or more than three times its daily average, after reporting quarterly income decreased by $470,000 to $7.9 million from $8.4 million.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 60 million shares early Monday, compared to a daily average of 84.5 million. Share prices increased 1.2% to $18.92.

Sky-Mobi Limited (Nasdaq: MOBI) dove 13.9% to $7.90 Monday, on volume of 1.2 million shares, doubling its all-day volume, after announcing quarterly revenues increased 2.5%. Net profit was RMB184.7 million ($27.7 million U.S.) in third quarter 2011, compared to net loss of RMB27.9 million in third quarter 2010.

ETM leaps, NOK teeters, AMKR underwhelms

Thursday, February 10th, 2011

Entercom Communications Corporation (NYSE: ETM) accelerated 17.5% to $12.50 Thursday, on volumes of 533,744, towering over a daily average of 138,309. Tuesday, ETM announced quarterly revenues for the quarter increased 6% to $102.1 million, while net income per share hiked 28%.

Nokia Corporation (NYSE: NOK) was a volume champion Thursday, trading in 47.9 million shares, better than double its usual volume. Prices for NOK faded 7.2% to $10.89, after the company chose to make smartphones powered by Microsoft’s Windows Phone 7 software, rather than Google’s operating system.

Amkor Technology Inc. (Nasdaq: AMKR) shares were off 10% to $7.37, on 6.2 million shares, nearly four times its usual volume, after the manufacturer of semiconducting tests projected earnings under expectations.

SCSS spikes, JDSU solid, TQNT springs leak

Thursday, February 10th, 2011

Select Comfort Corp.(Nasdaq: SCSS) shares rose 10.6% to $11.60, on volume of 2.6 million shares, or five times its daily average, a day after the mattress maker projected 2011 earnings ahead of market estimates.

JDS Uniphase (Nasdaq: JDSU) traded in 34.5 million shares, or more than six times its daily average. Share prices hurtled 3.8% to $25.35, after last week’s reports of stronger-than-expected earnings and raising its guidance.

TriQuint Semiconductor Inc. (Nasdaq: TQNT) shares fell 6.1% to $12.83, on volume of 18.3 million shares, or nearly six times its daily average, after the provider of chips used in wireless devices on Wednesday projected 2011 earnings below expectations.