Posts Tagged ‘Technology Stocks’

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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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CONN conquers, F popular, GFC sags

Thursday, December 2nd, 2010

Conn’s Inc. (NasdaqGS: CONN) soared 18.89 percent to $3.84 in afternoon trading Thursday. Volume 503,156 shares nearly doubled its normal full-day average volume. Consumer electronics chain Conn’s Inc. said Thursday that its third-quarter loss narrowed to $5.1 million, or 23 cents per share, compared with a loss of $14.4 million, or 64 cents per share, during the same period a year prior

Ford Motor Company (NYSE: F) had great volume Thursday afternoon, dealing in 60,101,842 shares, rapidly catching up on its full-day average of 83,619,400. Ford shares advanced 2.34 percent to $16.84. The carmaker announced today that consumer demand for its new lineup of fuel-efficient vehicles triggered a 24-percent sales increase in November, compared with a year ago, according to a news release from the company. Ford sold 147,338 units last month.

Genova Financial Group Ltd. (NYSE: GFC) dropped 13.69 percent in price early afternoon Thursday to $22.00, on volume of 87,124 shares, or nearly eight times its full-day average. The Bermuda-based bank announced last month a share consolidation on the basis of one ordinary share for every five ordinary shares of the company

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ICRD sprints, CIST sizzles, DOLV dives

Thursday, December 2nd, 2010

International Card Establishment Inc. (OTCBB: ICRD) leaped in price 150 percent to 2.5 cents Thursday, on volume of 48,110, edging past its normal share volume of 42,535 shares. The Company is a provider of products and services to the electronic transaction processing industry,

Causeway Entertainment Co. (Pink Sheets: CIST) did a fair bit of business Thursday afternoon, trading in 1.39 million shares. The stock’s normal daily average is around 547,541. Shares advanced 2.78 percent to 1.85 cents. Boston-based Causeway Entertainment is focused on capitalizing on the constantly growing Mixed Martial Arts (MMA) sports industry.

Dolat Ventures Inc. (OTCBB: DOLV) plummeted 79.33 percent in price Thursday afternoon to 3.1 cents. Volume in this stock was about 5,000 shares, slightly more than its normal-share average of 4,659. New York-based DOLV intends to mine, sell, market, cut and distribute its diamonds and gems around the world.

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KUTV sings, LVS deals, CYDE goes south

Thursday, December 2nd, 2010

Ku6 Media Co., Ltd.(NasdaqGM: KUTV) gained in price 26.66 percent to $7.60 in afternoon trading Thursday. Volume was 503,156 shares, more than 11 times its normal full-day average volume. Ku6 Media Co., Ltd. operates as an online video company in the People’s Republic of China.

Las Vegas Sands Corp. (NYSE: LVS) had great volume Thursday afternoon, dealing in 68,612,504 shares, more than double its full-day average of 33,340,400. Shares dropped 4.32 percent, however, to $49.12. LVS’ Hong Kong- listed unit Sands China Ltd. said the Macau government rejected an application to develop the final two land parcels in its China expansion plan.

CyberDefender Corporation (NasdaqGM: CYDE) dropped 14.89 percent early afternoon Thursday to $2.80, on volume of 229,988 shares, more than six times its full-day average. The Los Angeles-based CYDE, a provider of Internet security software today announced the award of a patent on its Threat Protection Network.

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MOV moves, S does brisk trade, CN sheds in price

Thursday, December 2nd, 2010

Movado Group Inc. (NYSE: MOV) gained in price 21.99 percent to $15.20 in early afternoon trading Thursday. Volume was 176,688 shares, more than double its normal full-day average volume. The company based in Paramus, N.J., said Thursday that it earned $16.9 million, or 68 cents per share, for the three months ended Oct. 31. That compares with a loss of $20.9 million, or 85 cents per share, a year ago.

Sprint Nextel Corporation (NYSE: S) had great volume leaders Thursday afternoon, dealing in 87,500,069 shares, more-than double its full-day average of 44,845,900. Shares nudged up 4.38 percent to $3.93. Digi International today introduced the industry’s first commercial-grade integrated 4G routers – the Digi Connect WAN 4G and ConnectPort X4 4G. Certified by Sprint and Clearwire, the routers provide next generation, high-speed, low latency connectivity via 4G networks to remote sites, devices and device/sensor networks.

CNinsure Corp. (NasdaqGS: CISG) dropped 21.17 percent early afternoon Thursday to $17.46, on volume of 1,560,720 shares, nearly twice-and-a-half its average daily volume. The Chinese-based CISG is a leading independent insurance intermediary company.

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