Tag - NASDAQGS:DBTK

Core Modling Technologies Inc (Nasdaq:CMT), Double Take Software Inc (Nasdaq:DBTK), BNC Bancorp (Nasdaq:BNCN) and S L Industries Inc (Nasdaq:SLI) are among the biggest percentage Gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: China Electric Motor Inc (Nasdaq:CELM), Lakeland Industries Inc (Nasdaq:LAKE), Greenbriar Companies Inc (Nasdaq:GBX), NTS Realty Holdings (Nasdaq:NLP) and Internet Initiative Japan Inc (Nasdaq:IIJI).

Double Take Software Inc. (Nasdaq:DBTK), PDL BioPharma Inc. (Nasdaq:PDLI) and Carbo Ceramics Inc. (Nasdaq:CRR) are among the new 52-week lows in Friday's trading among companies with market capitalizations under $1 billion.

Shares of Double-Take Software Inc. (Nasdaq:DBTK) fell to a new 52-week low today after the company lowered its third-quarter revenue and earnings guidance.
 
The Southborough, Mass.-based data protection software firm said at 8:30 am ET that it now expects to earn $0.10 to $0.11 per share on revenue of $23.8 million to $24 million compared with a previous guidance of $0.14 to $0.15 per share on revenue of $25.7 million to $26.3 million.
 
Double-Take blamed the move on delayed closings in Europe and the Americas, including by companies in the Houston area affected in Hurricane Ike.

Analysts polled by Thomson First Call on average were expecting earnings of $0.15 per share on revenue of $25.8 million for the third quarter.
 
By midday the stock is at $7.02, down $1.73 from Friday’s close, after falling as low as $6.75 earlier in the day. Previously, the stock had ranged between $8.58 and $26.54 during the past 52 weeks.
 
For detailed price information and news stories on Double-Take Software, click DBTK.

Small-cap stocks remained unsettled this morning, unable to embrace Friday’s rescue plan package as equity markets around the world seized up and credit pipelines remained clogged despite massive additional liquidity injections this morning by the Federal Reserve. At 9:50 a.m. ET, the Russell 2000 (NYSE:IWM) was down 19.38, or 3.13%, at 600.02, slipping to the lowest point on intraday charts since May 2005.

In Europe, extraordinary measures were taken over the weekend on the banking front, with France’s BNP Paribas buying assets of beleaguered Fortis, while in Germany a rescue deal for Hypo Real Estate was sweetened by another 15 billion euros of liquidity, adding to an earlier pledge of 35 billion euros.

Everyone has been talking about the Federal Reserve slicing the Fed funds rate, but that rate has already been trading well below the current 2% rate in the market. This morning, the Fed increased the size of its cash auctions and also offered banks interest accrual on reserves. Stock index futures did pull off the overnight lows heading into the open on the Fed injection news, but the inability to stabilize financial markets in the direct aftermath of the $850 billion financial bailout bill Friday reflects just how deep the crisis is running.

Looking at market action around the world, European shares were off nearly 5% into the U.S. stock market opening. Elsewhere, Russian stocks tumbled some 15%, prompting various exchange trading halts. Japan was down 4.9%, Hong Kong off nearly 5%, China down 5.1%, Taiwan down 4.1%, Australia off 3.3%, Singapore down 5.6%, South Korea off 4.2% and India down 5.7%.

Market research experts at Goldman Sachs slashed their economic forecast for growth and interest rates “substantially” in a report issued Friday afternoon. Goldman said “The recession that we have been forecasting now looks likely to be deeper and longer, taking the unemployment rate to 8% by late 2009 and pushing the . . .

Biodel Inc. (Nasdaq:BIOD), Gateway Financial Holdings Inc. (Nasdaq:GBTS) and James River Coal Co. (Nasdaq:JRCC) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: A Power Energy Generation Systems Ltd. (Nasdaq:APWR), National Coal Corp. (Nasdaq:NCOC), Double Take Software Inc. (Nasdaq:DBTK), City Holding Corp. (Nasdaq:CHCO), Gushan Environmental Energy Ltd. (Nasdaq:GU) and Spectranetics Corp. (Nasdaq:SPNC).

Here are the biggest percentage losers among small caps:

Small-cap stocks tumbled hard from intraday highs Wednesday as investors digested another rate cut by the Federal Reserve, and the statement accompanying the move. By the close, Russell 2000 (NYSE:IWM) shares were down 2.75, or 0.38%, at 716.17.

Although the overall decline for the day was tame, the slide off the FOMC peak was relatively dramatic. Small-cap stocks initially pushed higher on the rate cut news, but then descended into a freefall that saw the Russell shed 13 handles or nearly 1.8% from high to low.

The bullish capitulation seen in equities after the FOMC news could have simply been a classic case of a “buy the rumor, sell the fact” market response, especially considering that stocks pushed higher into the news. The S&P 500 Index cracked figure resistance at 1,400 shortly after the FOMC decision, but quickly joined small-cap shares on the retreat as investors shied away from the market. It’s worth noting that the Russell clearly led the overall stock market on the way down as selling enthusiasm kicked into gear about 30 minutes after the rate cut announcement.

“I think the markets were perfectly positioned for the Fed, and are now worried about the payroll report,” Nick Kalivas, vice president of financial research with MF Global, said in an email interview with SmallCapInvestor.com. “Financial and retail shares have not confirmed the rally and this is a technical negative that may have sparked profit taking. Small caps are down mostly on a beta trade, but property casualty and regional banks are the weakest names. This may be a negative reaction to the FOMC and Cash America is off on an Ohio bill that limits interest on payday loans,” Kalivas said. He also anticipated that small caps would tread water sideways to lower heading toward Friday’s employment report, as traders would likely be unwilling . . .

Shares of Double-Take Software, Inc. (Nasdaq:DBTK) are gaining mid-session after the provider of support of data protection software reported first-quarter earnings after Tuesday’s close that beat the street by 18%. The small cap also raised full year guidance on account of robust first quarter and issued second-quarter guidance inline to slightly above analysts’ estimates.

Shares jumped 20%, or $2.41, to $14.63 at 1:37 p.m. ET. For detailed price information and recent news stories about Double-Take Software, click DBTK.  

The Russell 2000 (IWM) fell as comments from Fed officials stating that inflation remains a concern erased early gains. The small-cap index fell 9.09 points, or 1.30%, to 692.49, its third consecutive decline. The Dow Jones Industrial Average (INDU) lost 65.03 points, or 0.53%, to 12,200.10.

On a year-to-date basis, the Russell 2000 has decreased 9.60%, while the Dow has let go 8.03% and the S&P 500 is missing 9.66%.

“It will be necessary to continue to monitor inflation developments carefully,” Philadelphia Federal Reserve Bank President Charles Plosser said in a speech to the Birmingham Rotary Club this afternoon. “With inflation creeping up, we have to be particularly alert for rising inflation expectations.”

Similarly, Richmond Federal Reserve Bank President Jeffrey Lacker told an audience at Marshall University’s Lewis College of Business that the risks of a recession have recently increased while inflation has not moderated as some expected, according to news reports.

Higher inflation makes it difficult for the U.S. Federal Reserve to boost the economy with cuts to the target federal funds rate for fear that lower interest rates could drive inflation even higher.

The Russell 2000 (NYSE: IWM) has jumped higher than the Dow following news of an unexpectedly robust increase in productivity.

At 12:49 p.m. ET, the small-cap index had added 5.01 points, or 0.71%, to 706.59. The Dow Jones Industrial Average (INDU) had climbed 54.30 points, or 0.44%, to 12,319.43.

Small caps are leading the rally that followed news that U.S. worker productivity grew more than expected during the fourth quarter as employers cut working hours.

The U.S. Labor Department reported before the start of trading that productivity increased at an annual rate of 1.8% during the final three months of 2007, higher than the 0.5% rate expected by economists.

The total number of hours worked decreased 1.5% during the fourth quarter after declining 0.3% during the third quarter.

Unit labor costs, which are a key measure of inflation, rose 1.6% after falling 1.9% in the third quarter. Economists had forecasted a rise of 3.8%. The lower-than-expected increase is good news for the U.S. Federal Reserve, which has recently shifted its focus from fighting inflation to stimulating economic growth.

Increases in labor costs must be matched by productivity increases in order to keep inflation in check.

Separately, the Mortgage Bankers Association announced before the opening that its measure of mortgage loan application volume rose 3% for the week ended Feb. 1, while the our week moving average is up 10.4%.

Accredited Home Lenders Holding Co. (Nasdaq: LEND), Cumulus Media Inc. (Nasdaq: CMLS) and Hoku Scientific, Inc. (Nasdaq: HOKU) are among the most actively traded companies in Friday pre-market trading among those with market capitalizations under $500 million:

Wireless communications coverage solutions provider Telestone Technologies Corp. (Nasdaq: TSTC) announced Thursday it won the bids for the TD-SCDMA trunk amplifiers and combiners from China Mobile LTD TD-SCDMA trial networks.

Ethonal producer Pacific Ethanol Inc. (Nasdaq: PEIX) hired Douglas Jeffries as its new CFO. Jeffries previously served as has more vice president of finance and chief accounting officer at eBay Inc as well as worked in finance and technology at GenCorp, Red Herring Communications, Cardinal Health and Price Waterhouse Coopers.

Neurochem Inc. (Nasdaq: NRMX) announced it received a third recommendation from the European Data Safety Monitoring Board to continue its ongoing European Phase III clinical trial for tramiprosate, Neurochem's investigational product candidate for the treatment of Alzheimer's disease.

Two leading advisors have recently issued buy recommendations on small-cap, high-growth tech firms - one in the communications sector and one in data protection.

Leo Fasciocco is a technical analyst who focuses exclusively on isolating stocks that are breakout candidates. For long positions, he seeks stocks that are breaking above long-term resistance. Likewise, for short candidates, Fasciocco looks for stocks that are breaking below support levels.

In his Ticker Tape Digest newsletter, Fasciocco’s latest upside buy is Ceragon Networks (Nasdaq: CRNT). The company, based in Tel Aviv, provides wireless solutions for cellular and fixed wireless operators. The company has annual revenues of $74 million and a market capitalization of $190 million.

These are the biggest percentage gainers at 10:07 ET among companies with market capitalizations under $500 million:

Shares of Double-Take Software Inc. (Nasdaq: DBTK) rose late today after the data protection software firm said it will likely beat analysts’ estimates for the second quarter ended June 30.

The Southborough, Mass., firm expects to report non-GAAP income per share of $0.15 to $0.16 on revenue in the range of $19 million to $19.5 million for the three-month period. Four analysts polled by Thomson First Call were expecting earnings per share of $0.11 on revenue of $18.6 million.

For the first quarter ended March 31, analysts had estimated earnings per share of $0.09 on revenue of $17.2 million. The firm actually reported adjusted, non-GAAP net income per diluted share of  $0.14 on revenue of $17.9 million.

Shares of Nautilus Inc. (NYSE: NLS) dropped $0.28, or 2%, to $13.50 in after-hours trading after the Vancouver, Wash.-based fitness company posted decreased net income for the first quarter ended March 31. Nautilus said it earned $2.5 million, or $0.08 per share, on revenue of $158.8 million, compared with $5.2 million, or $0.16 per share, on revenue of $185 million in the 2006 first quarter. The results weren’t far off from estimates by analysts polled by Thomson First Call, who were expecting earnings of $0.08 per share on revenue of $160.3 million. Nautilus cited sluggish trends in the North American market for home fitness equipment. Those trends led to cancellation of expected retail replenishment orders, the company said.

Shares of Double-Take Software Inc. (Nasdaq: DBTK) rose $0.95, or 6.4%, to $15.75 late today after the data protection software firm said it will likely beat analysts’ estimates for the second quarter ended June 30. The Southborough, Mass., firm expects to report non-GAAP income per share of $0.15 to $0.16 on revenue in the range of $19 million to $19.5 million. Four analysts polled by Thomson First Call were expecting earnings per share of $0.11 on revenue of $18.6 million. For the first quarter ended March 31, analysts had estimated earnings per share of $0.09 on revenue of $17.2 million. The firm actually reported adjusted, non-GAAP net income per diluted share of $0.14 on revenue of $17.9 million.