Archive for the ‘pre-market’ Category

Finisar Fallout Spreads Wide (FNSR, JDSU, OCLR, ALU, CIEN, HLIT, AFOP)

Finisar Corporation (NASDAQ: FNSR) turned in a lackluster earnings report and lowered guidance well under plan after a weak China climate and other factors.  You already know the news because this about looking for primary and secondary fallout. JDS Uniphase Corporation (NASDAQ: JDSU) is now trading down over 11% at $22.55 on over 500,000 shares [...]

Sonus Ready for Major Volume Spike (SONS)

Sonus Networks, Inc. (NASDAQ: SONS) rose handily last night and this morning we have shares higher with a pre-market volume spike.  The news was that the infrastructure equipment and software maker for wireline and wireless telephone service providers crushed earnings estimates.  Last night in teh after-hours session we saw shares up almost 30% at $3.92 [...]

Mother of all Volume Spikes for Molycorp (MCP)

Molycorp, Inc. (NYSE: MCP) is going to have the mother of all volume spikes this Friday.  The company has priced a $180 million offering of 5.50% mandatory convertible preferred stock being sold by the company AND it priced 13,500,000 shares of common stock at a price per share of $50.00 which are being sold by [...]

Major Price-Volume Alert in SIGA (SIGA)

SIGA Technologies, Inc. (NASDAQ: SIGA) is getting crushed this morning after the Small Business Administration ruled that SIGA was “other than small”  after the U.S. Department of Health and Human Services (HHS) had announced its intention to award SIGA a contract with HHS to deliver 1.7 million courses of its smallpox antiviral for the Strategic [...]

Less Disappointing Disappointment at MEMC (WFR)

MEMC Electronic Materials Inc. (NYSE: WFR) posted poor earnings last night and withdrew from offering up guidance.  The company reported earnings of $17.6 million, or $0.08 EPS.  Before items the figure was $0.10 EPS.  Revenues were up about 60% at $503.1  million. Thomson Reuters had consensus estimates of $0.13 EPS $531.3 million in revenues. Withdrawing [...]

Melco Profits Come Ahead of Plan (MPEL)

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is surging higher on strong pre-market volume after beating earnings estimates and posting a profit.  The Macau casino operator posted earnings of $0.03 EPS and a 45% gain in revenue of $727 million versus Thomson Reuters estimates of -$0.01 EPS and revenues of $672.9 million. What gets interesting is [...]

Zagg Adjusts Guidance for 2010

Zagg Incorporated (NASDAQ: ZAGG) is up 29.88% at 8:35 AM EST this morning, from $5.12 to $6.65, after announcing an expected full year 2010 revenue growth of 70%.  The company, which designs and creates mobile phone accessories, also expects third quarter 2010 revenues to surpass $22 million. Zagg has traded 32,640 shares in pre-market trading [...]

ActivIdentity Skyrockets On News Of Purchase

At 8:35 AM EST, ActivIdentity Corporation (NASDAQ: ACTI) is up 42.48% from $2.26 to $3.22.  The digital authentication and credential management company has also traded 786,400 shares alread, compared to their average of 145,205.  This increase in activity is the result with this morning’s announcement that the company will be bought out by the Swedish [...]

DryShips Wins Drilling Contract

DryShips Inc. (NASDAQ: DRYS) is up 7.61% in pre-market trading this morning to $4.81.  This move follows news that the company a Letter of Award for exploration drilling offshore West Africa.  The contract is estimated to be worth $135 million. DryShips has traded 786,439 shares so far this morning at 8:35 AM EST.  The gain [...]

Decline In Adobe Software Demand

Adobe Systems Incorporated (ADBE) is down 20.52% this morning to $26.18 in pre-market trading after the company announced that demand for its product from Japanese and U.S. education customers had been weaker than usual.  At 8:35 AM EST Adobe has traded 4,533,702 shares, compared with the company’s daily average of 9,209,300 shares.  This drop in [...]