Archive for October, 2009

RADVISION: Stock & Options Alert (RVSN, CSCO)

RADVISION Ltd. (NASDAQ: RVSN) is already trading higher this morning.  The company’s earnings yesterday morning were $0.13 non-GAAP EPS and $20.4 million in revenues versus Thomson Reuters figures.  And the guidance for Q4 was listed as $0.17 non-GAAP EPS and $21.5 million in revenues.  That guidance may be mixed, but it does not signal an [...]

CIT Challenging Key Levels (CIT)

CIT Group Inc. (NYSE: CIT) Is getting “pantsed” this morning on the NYSE.  Goldman Sachs Group (NYSE: GS) has trimmed the size of its loan.  Rather than $3 billion, Goldman is loaning some $2.13 billion.  This is two days after CIT raised $4.5 billion and as it continues on its restructuring efforts.  CIT also put [...]

Genworth Surges on Huge Book Value Discount (GNW)

Genworth Financial Inc. (NYSE: GNW) already rose some 17% yesterday and closed at $10.18, but shares rose by at least another 14.7% on very active trading. The troubled financial company posted $0.24 EPS vs a -$0.02 estimate. Revenues rose 10% to $2.39 billion, but under the $2.52B estimate.  Book value per share grew 10% sequentially [...]

Novatel Differs Greatly from Sierra (NVTL, SWIR)

Novatel Wireless, Inc. (NASDAQ: NVTL) failed to follow the gains of Sierra Wireless (NASDAQ: SWIR).  The wireless access card maker closed at $12.19 and shares are getting whcked.  The company did beat earnings, but issues are there on guidance.  Earnings were $0.20 EPS vs $0.10 EPS estimates; Revenues were up 12.1% to $94.3 million vs. [...]

VIVUS Up Again on Data (VVUS)

VIVUS Inc. (NASDAQ: VVUS) is trading up this morning on additional data on its Qnexa, the obesity investigational drug candidate with data being presented at the annual scientific meeting of The Obesity Society.  While the company’s top-line data from the phase III studies was out in September, the presentation included data from the EQUIP and [...]

Top Winners & Losers After-Hours (CNXT, GNW, LVS, NVTL, TSRA)

Included is the after-hours moves and pertinent data with a snapshot as of 5:14 PM EST.  Estimates are Thomson Reuters data where noted: Conexant Systems, Inc. (NASDAQ: CNXT) closed at $2.44 and shares are trading at $2.88 up 18.03% on 67,400 shares since the closing bell. This one posted 0.11 EPS vs. $0.09 estimates; imaging [...]

HGSI Stock & Options Alert (HGSI)

Human Genome Sciences, Inc.  (NASDAQ: HGSI) has been soaring today.  At 2:45 PM EST we saw this one already cross a full day’s trading volume at 120% normal stock trading volume and that options were picking up throughout the day.  This follows the JPMorgan upgrade to Overweight from Neutral ahead of new additional clinical data.  [...]

FedEx Options Alert (FDX)

FedEx Corporation (NASDAQ: FDX) has seen a very bullish options bet for December in a risk reversal as the trader sells 6,500 $65 puts at $0.975 and buys the same number of $85 calls at $0.95 for a small credit trade.  Shares are looking fairly good on the chart with a $72.50 support level from [...]

Transcept Biggest Loser, Near Cash Value (TSPT)

Transcept Pharmaceuticals, Inc. (NASDAQ: TSPT) is getting destroyed and is today’s largest percentage loser by far.  The FDA did not approve the comjpany’s experimental sleep disorder drug called Intermezzo.  The reason was over safety issues, but the FDA has requested additional data that might require more studies. At 9:00 AM EST we have shares trading [...]

American Superconductor Superhero (AMSC)

American Superconductor Corporation (NASDAQ: AMSC) is not that active yet in the early hours.  Yet.  The company posted increased revenues of 85% to $74.7 million and non-GAAP EPS to $0.19; it generated $35.8 million in cash from operations and it increased its order backlog to $587 million.  The company also raised guidance.  Shares closed at [...]