Posts Tagged ‘Technology Stocks’

HTM shows its power, INS proves brainy, SPDR flies off shelves, DPW down

Monday, November 8th, 2010

U.S. Geothermal Inc. (AMEX: HTM) leaped 22.73 percent to $1.35, on volume of 1,986,007 shares, or nearly 10 times its daily average. The Boise, Idaho company has scheduled a conference call for Tuesday, to discuss second-quarter financials. U.S. Geothermal Inc., a renewable energy company focused on the production of electricity from geothermal energy, owns and operates geothermal power plants at Raft River, Idaho and San Emidio, Nevada, and is developing the Neal Hot Springs project in Oregon.

Intelligent Systems Corporation (AMEX: INS) went skyward 50.93 percent to $1.60 in early afternoon trading Monday.  INS share volume surpassed 13,650 shares, dwarfing its three-month daily average of 1,267. INS, based in Norcross, Georgia, for 30 years, has identified, created, operated and grown early stage technology companies.

SPDR S&P 500 (NYSEArca: SPY) led AMEX volume stocks early Monday afternoon by trading in 81,826,044 shares. Daily three-month average is 194,042,000 shares. The index-based issue lost some traction, though, faltering in price 0.18 percent to $122.50.

Digital Power Corporation (AMEX: DPW) gave back 11.28 percent in price in early afternoon trading Monday to $1.73. Volume quadrupled its three-month daily average at124,392 shares. The company, based in Fremont, Calif., last week reported third-quarter revenues increased by 87 percent to $3,186,000, compared to $1,708,000 for the quarter ended September 30, 2009. Net income was $303,000 for the quarter ended September 30, 2010, compared to a net loss of $205,000 for the same quarter last year.

WRLS, C climb, DXCM struggles

Friday, November 5th, 2010

Tellular Corpoartion (NasdaqGM: WRLS) roared out of the blocks Friday, gaining 47.41 percent in the first hour of trading to $5.97. Initial volume of 790,060 shares trampled its three-month daily average of 20,212 shares. Excitement followed in the wake of Thursday’s announcement of Q4 revenues and earnings. The Chicago-based wireless concern reported revenue of $12.0 million, up 17 percent year-over-year, and net income before non-cash items of $2 Million.

Citigroup Inc. (NYSE:C) led the volume parade in early trading Friday, trading in 274,020,554 shares in just the first hour. Normal volume for a day is around 448,837,000 shares. The banking conglomerate also gained 3.35 percent to $4.47. The news comes in spite of word this morning that several Citigroup, Inc. investors, including Charles Schwab Corp. and hedge fund Cambridge Place Investment Management have sued the bank over its mortgage underwriting processes.

DexCom Inc. (NasdaqGM: DXCM) took a thumping of 19.34 percent in early Friday trading to $11.22. Volume was 3,568,238 shares, dwarfing its three-month daily average of 337,547 shares. The company, which develops and markets continuous glucose monitoring systems for use by diabetics, reported total third-quarter revenue of $11.7 million, up 61 percent from the same quarter in 2009, but a net loss of $13.4 million, down from $13.5 million for the year-ago quarter.

UFI, C triumph in Thursday afternoon trading, LIOX loses much of its roar

Thursday, November 4th, 2010

Unifi, Inc. (NYSE: UFI) soared 215 percent Thursday afternoon to $15.13, on volume of 230,986, roughly comparable to its three-month daily average of 248,017 shares. The news comes only a week after the Greensboro-based yarn producer announced that its third quarter net income quadrupled to $10.2 million, from $2.5 million during the year-ago quarter. UFI reported net sales reached $174 million in Q3, up roughly 22-percent over $143 million in the third quarter of 2009.

Citigroup Inc. (NYSE: C) found itself atop the leader board among biggest volumes on Thursday with 408,716,516 shares, swiftly approaching its three-month daily average of 442,066,000. Shares in the banking group climbed 2.39 percent in afternoon trading to $4.29. The favorable activity closely follows word that Citigroup was ruled not liable Thursday in a legal dispute with Terra Firma Capital Partners LP over its 2007 acquisition of British recording company EMI Group PLC. The latter party, a private-equity firm, had alleged it was duped by Citigroup into making a rich bid for EMI and had sought billions of dollars in damages.

Lionbridge Technologies, Inc. (NasdaqGM: LIOX) missed out on the general gaiety of the market Thursday, its price taking a pasting of 23.4 percent in afternoon trading to $3.83, on dismal third-quarter earnings news. Share volume of 3,437,377 was about 10 times LIOX’s three-month daily average. Lionbridge lost $3.8 million, or seven cents per share, for the three months ended Sept. 30. That compares with a loss of $1 million, or two cents per share, a year earlier.

WFMI, UNTD, SMSI – Notable Nasdaq Gainers

Thursday, November 4th, 2010

Shares of natural goods grocer, Whole Foods Market, Inc. (Nasdaq: WFMI)were up as much as 13 percent from Wednesday closing price in morning trading on Thursday. Shares touched a new 52-week high of $46.80 on nearly triple the company’s three-month average trading volume in mid-day trading on Wednesday. Net income for the fourth quarter ended September 26 increased to to $57.5 million, or 33 cents a share, from $28.7 million, or 20 cents a share a year earlier. Analysts, on average were expecting EPS of 28 cents per share, according to data compiled by Bloomberg. The company boosted its fiscal 2011 profit estimates to as much as $1.71 a share, from a previous high of $1.64. Whole Foods’ fourth quarter sales rose 15 percent to $2.1 billion, from $1.8 billion. Analysts were expecting revenue of $2.07 billion, according to Bloomberg. “We believe the company has strong growth prospects as market share gains combine with favorable industry trends and a better higher-end consumer to drive sales,” he said, noting the company is also controlling its costs, which all helps the bottom line,” said Jefferies & Co. analyst Scott Mushkin in a note to clients on Thursday. Mushkin raised his price target to $47, from $45, and maintained his fiscal 2011 EPS estimate of $1.72. Shares of WFMI are up about 28 percent over the past three months.

Shares of Internet consumer products and services provider, United Online, Inc. (Nasdaq: UNTD) soared more than 18 percent from Wednesday’s closing price in morning trading on Thursday, reaching an intraday high of $7.28 per share, at mid-day. United Online announced consolidated third quarter revenues were $193.5 million, down 10 percent form a year earlier. GAAP diluted net income per common share was 13 cents, down from 18 cents a year earlier. Adjusted diluted net income per common share was $0.25, versus $0.33 in the year-ago quarter. During the quarter, United Online repurchased 2.2 million common shares in open market transactions during the quarter for $11.0 million, resulting in an average cost of $5.07 per share. The company also paid $9.3 million in cash dividends during the quarter. The company expects fourth quarter revenue to range between $223 million and $229 million. The Woodland Hills-based company operates in three segments: FTD, Classmates Media, and Communications. The FTD segment markets flowers and specialty gift items. Classmates Media offers online social networking services under the Classmates brand name; and online loyalty marketing services under the MyPoints name. It also provides international social networking services under the StayFriends and Trombi names. The Communications segment offers dial-up Internet access under the NetZero and Juno brand names, and provides services including broadband, email, Internet security, and Web hosting. Shares of United Online, Inc. are up about 33 percent over the past three months.

Shares of software maker Smith Micro, Inc. (Nasdaq: SMSI) were up almost 14 percent in mid-day trading on Thursday, and touched a new 52-week high of $14.17 per share, after the company reported record third quarter revenue of $34.0 million, up 22 percent increase over $27.8 million reported in the third quarter of last year. GAAP net income for the third quarter of 2010 increased to $3.1 million or 9 cents per diluted share, up from $2.0 million, or 6 cents per diluted share a year ago. Non-GAAP net income for the third quarter of 2010 increased to $7.9 million, or 23 cents per diluted share, compared to $6.6 million, or 20 cents per diluted share, reported in the same quarter a year ago. “We’ve executed on three solid quarters in 2010 with record revenue and strong profitability and we remain comfortable with our guidance with annual revenue’s landing within the original range of $125 million to $135 million,” said Smith Micro’s CEO, Bill Smith in an earnings call. Shares of Smith Micro are up 58 percent over the past three months.

UPI, SNCR, LINC Among Top Gainers at the Closing Bell

Wednesday, November 3rd, 2010

Shares of Uroplasty, Inc. (Nasdaq: UPI) closed 19 percent higher on Wednesday after the company announced on Tuesday that the Centers for Medicare and Medicaid Services (CMS) has published, in the November, 2010 Federal Register, the anticipated Category I CPT code for Posterior Tibial Nerve Stimulation (PTNS). The publication was noted by the company as an “important milestone” that will allow for a broader base of coverage for the procedure. “As we have previously announced and discussed, we are working diligently with medical directors of insurance companies to educate them on our strong clinical data, and we will now be able to present to them the specifics of the new CPT code and the associated [relative value units],” said Uroplasty’s president and CEO David Kaysen in a statement. Shares of Uroplasty are up more than 25 percent in the past three months.

Shares of Synchronoss Technologies, Inc. (Nasdaq: SNCR) closed 16 percent higher on Wednesday after the company announced third quarter profit of $2.1 million, or 5 cents per share, down 32 percent from $3.1 million, or 10 cents per share a year earlier. Excluding certain items, the wireless services provider said it earned 20 cents per share. Analysts surveyed by Thomson Reuters forecast net income of 17 cents per share. The company’s third quarter revenue was up 34 percent to $44.5 million, from $33.1 million a year earlier. Adjusted revenue of $46.8 million topped analysts’ average estimate of $44.6 million. “With the influx of connected devices, we view Synchronoss’ online activation, provision, backup and transfer technologies as core to simplifying the process and lowering costs,” Wedbush analyst Scott Sutherland wrote. “Given the most material competition remains more costly in-store and call center alternatives, we believe Synchronoss will remain on a healthy growth curve.” Shares of Synchronoss Technologies are up about 35 percent over the past three months.

Shares of Lincoln Educational Services Corp. (Nasdaq: LINC) closed 17 percent higher on Wednesday after the for-profit education company reported third quarter profit of 76 cents a share was ahead of analysts’ estimates for 62 cents a share. Lincoln reported third quarter revenue of $167.2 million, slightly under analysts’ estimates of $167.5 million. The company also raised its full-year EPS guidance to a range between $2.65 and $2.70, up from a range of $2.40 to $2.50. The company posted a big fall in third-quarter student starts and cut its 2010 revenue forecast to $635-$640 million from a prior view of $645-$650 million. For-profit education colleges like Lincoln are overhauling their enrollment practices to comply with new rules, after facing criticism for saddling students with big debts and not fully preparing them for jobs. The new enrollment rules are set to take effect in mid-2011. Shares of Lincoln Educational Services Corp. are down approximately 29 percent over the past three months.