Posts Tagged ‘ONSM’

ENSG enviable, ALU alluring, ONSM off

Thursday, February 17th, 2011

Ensign Group Inc. (Nasdaq: ENSG) shares advanced 14% to $30.35, on volume of 209,000 shares, more than double its daily average, after the operator of rehabilitative centers reported a rise in fourth-quarter earnings.

Alcatel-Lucent (NYSE: ALU) was busy Thursday, trading in 51 million shares, doubling and then some its daily average. ALU prices improved 1.9% to $5.00.

Onstream Media Corporation (Nasdaq: ONSM) lost 9.6% in price Thursday to $1.23. Volume was 282,878 shares, more than double its daily average, a day after announcing an agreement with Franchise Professionals to create MarketPlace365 for the franchise industry.

ONSM rises, AAPL busy, SBAY sub-par

Wednesday, January 19th, 2011

Onstream Media Corporation (Nasdaq: ONSM) climbed 16.7 percent to $1.26 Wednesday afternoon. Volume of 311,943 shares nearly quadrupled its full-day average. Based out of Pompano Beach, Fla., ONSM is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology.

Apple Inc. (Nasdaq: AAPL) dealt in 35,634,665 shares, more than doubling its full-day average of 15,576,600. Prices for AAPL tailed off, however, by 0.6 percent to $338.38, after initially rebounding after the iPhone maker blew through earnings estimates on strong iPad sales.

Subaye Inc, (Nasdaq: SBAY) capsized 10.9 percent Wednesday to $10.89. Volume was 227,096 shares doubled its average daily volume of 114, 961. Tuesday, SBAY, a leading online business services provider in China engaged in enterprise cloud computing, launched Groupbuy as a standalone product and will not be offered as a component of Subaye’s Bundled Cloud Product.

DTLK has rosy outlook, VZ turns up volume, ONSM slips

Tuesday, January 18th, 2011

Datalink (Nasdaq: DTLK) sprinted ahead 29.1 percent to $5.86, a three-year high. Volume of 1,649,908 shares trampled its full-day volume average of 35,395, on word DTLK raised its fourth-quarter outlook on increased demand for its storage products.

Verizon Communications Inc. (NYSE: VZ) was a volume leader Tuesday, trading in 41,815,258 shares, 2 Ā½ times its full-day average. Prices for the stock were down 3.1 percent to $34.36. VZ announced last week that it will begin selling Apple’s iPhone early next month.

Onstream Media Corporation (Nasdaq: ONSM) fell 14.3 percent to $1.08. Volume for the stock was 451,217 shares, towering over its all-day average of 78,272. ONSM is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology.

Onstream Media Corp. (ONSM) – Buzz Stock of the Day

Thursday, January 13th, 2011

Shares of online service provider, Onstream Media Corp. (Nasdaq: ONSM) soared as much as 63 percent from Wednesday’s closing price in morning trading on Thursday. Shares traded as high as $1.36, up from Wednesday’s closing price of $0.83 per share.

For the 12 months ended September 30, 2010, Onstream reported a net loss of $9.3 million, or $1.20 per share, down 21 percent from a net loss of $11.8 million, or $1.63 a share in fiscal 2009. Revenue for the year fell 1.4 percent to $16.7 million compared to last year. Revenue from Onstream Media’s Digital Media Services Group, which includes Webcasting and hosting services increased 1.6 percent to $7.9 million, compared to FY 2009.

“Despite historically lower fourth quarter revenues due to seasonality and overall challenging economic conditions, Onstream posted revenue increases in its fourth quarter, as compared to the comparable prior year period,” said Onstream Media’s President and CEO, Randy Selman in a statement. “We also achieved a new milestone — for the first time in our history, we posted two consecutive quarters of positive cash flow from operating activities, before working capital changes.”

Onstream’s fourth quarter revenue increased 8.9 percent to $4.1 million, from $3.7 million in FY 2009. Cash flow from operating activities (before changes in current assets and liabilities) was approximately $44,000 in Q4, and $188,000 in Q3.

Onstream Media Corp. providesĀ live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology to customers including Dell, Disney, Georgetown University, National Press Club, PR Newswire, (NASDAQ), Sony Pictures and the U.S. Government.

Shares of ONSM are up about 14 percent over the past three months.

Onstream Media Corporation (Nasdaq: ONSM) Buzz Stock of the Day

Monday, November 9th, 2009

Shares of video services provider, Onstream Media Corp. (Nasdaq: ONSM) were up almost 28 percent today after the company announced several new contracts with federal government agencies including the Internal Revenue Service and the Housing Department.


“Our business relationships with various federal and state governments have never been stronger,” said Randy Selman, President and Chief Executive Officer of Onstream Media in a statement. “As demand for our multi-media web communication products and services continues to increase on the commercial side of our business, we’re also pleased to report continued growth in the government sector, which we expect to continue to rise in the years to come.”

Onstream Media announced that it will provide its comprehensive Digital Media Services Platform (DMSP) and live and on-demand webcasting services for ongoing education and targeted outreach delivery services for the Internal Revenue Service. The IRS will use Onstream Media’s technology to communicate important tax information to tax professionals, small businesses, and self-employed taxpayers in more dynamic, web-friendly and innovative formats such as podcasts, webinars, live broadcasts or other forms of web-based media.

Additionally, the company announced an agreement with strategic partner REJ & Associates, Inc. to provide Webinar services to the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA) Philadelphia Homeownership Center (HOC).

Onstream Media is also subcontracted to provide audio-based web conferencing services that enable FHA to bring employees and other participants from around the country together for online workshops, seminars and trainings. REJ & Associates, Inc. is a leading provider of integrated marketing and communications services based in Baltimore, MD.

Lastly, the NRC has exercised its first one year option to renew and extend its multi-year agreement with Onstream Media to provide ongoing webcasting, streaming media and multi-media services. The company began providing the NRC with its webcasting services in March, 2008.