Tag - NASDAQGS:RRST

Vanda Pharmaceuticals Inc (Nasdaq:VNDA), RRSat Global Communications Network Ltd (Nasdaq:RRST) and Libbey Inc (Nasdaq:LBY) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $750 million.

Amerigon Inc (Nasdaq:ARGN), Trailer Bridge Inc (AMEX:TRBR) and Old Second Bancorp Inc (Nasdaq:OSBC) are also among the new 52-week lows.

Here are the new 52-week lows among small caps:

HMS Holdings Corp (Nasdaq:HMSY), RRSat Global Communications Network Ltd (Nasdaq:RRST) and Cheniere Energy Inc (AMEX:LNG) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $750 million.

Citizens Republic Bancorp Inc (Nasdaq:CRBC), Lanoptics Ltd (Nasdaq:EZCH) and Amerigon Inc (Nasdaq:ARGN) are also among the biggest percentage losers.

Here are the biggest percentage losers among small caps:

Here are the biggest percentage gainers and losers in pre-market trading among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

• STEC, Inc. (Nasdaq:STEC), up 10% after the provider of flash memory products posted first-quarter results that trumped analysts’ estimates and issued rosy second-quarter guidance above the consensus on Wall Street.
• Eagle Test Systems Inc. (Nasdaq:EGLT), up 9%.
• Approach Resources, Inc. (Nasdaq:AREX), up 9%.

Biggest percentage losers:

• RRsat Global Communications Network Ltd. (Nasdaq: RRST), down 4.3%, despite reporting first-quarter results that met Wall Street’s expectations. The provider of content management and global distribution services also issued second-quarter revenue guidance that was inline with the Street.
• Immersion Corp. (Nasdaq:IMMR), down 3.3%.
• PeopleSupport Inc. (Nasdaq:PSPT), down 2.3%.

Bruce Springsteen sang “Fifty-seven channels and nothin’ on,” but that was when satellite technology was in its infancy. The World Teleport Association estimates that there were 13,000 satellite television channels in 2005; the number is projected to more than double to 29,000 by 2013.

That’s sweet music to the folks at RRSat Global Communications Network Ltd. (Nasdaq: RRST). The Omer, Israel-based company operates a “teleport” in southern Israel, with satellite dishes that bounce signals through any of several dozen satellites to reach over 300 television and 80 radio channels in more than 150 countries. 

RRSat managed to evolve with satellite technology. It was founded in 1981 by CEO David Rivel, who still runs the company, to import giant satellite dishes — up to 40 feet in diameter — and install them at Israeli TV broadcast stations.

In 1996, the Israeli government granted the company the first private license to transmit TV and radio signals by satellite, and the company’s life as a video distributor began. Today, RRSat accrues 75% of its revenues by sending TV and radio programs around the world through leased satellite transponders and fiber optic cables. It may beam programming from niche producers who cannot afford their own teleports, such as Fashion TV and the God Channel, to major networks like CBS and Fox. Or it may deliver programs on behalf of media giants such as Fox and CNN to distant stations like Russia Today, Thai Global Network and Al Jazeera.

It also offers content management services: RRSat digitally stores programming and advertising, customizes them (such as adding subtitles), organizes them into broadcast channels and beams the channels to specialized markets that include Russia, eastern Europe and the Middle East.

The total market for teleport services is about $13 billion, although the large broadcasters transmit most of their material themselves. RRSat and two privately owned pure play teleport competitors have a combined market share of just 5%, leaving much room to grow.

The other two competitors are larger than RRSat: Globecast, based in France, is a subsidiary of France Telecom, and has revenues about eight times that of RRSat. Arquiva, based in the United Kingdom, has revenues estimated at three times that of RRSat. But a November 2007 report by Susquehanna Financial Group asserts that “the location of RRSat’s teleport in Israel affords it an unmatched cost advantage” over those two, because its teleport can reach 95% of the world’s population in just one satellite hop.

Not long ago, when you wanted to make a call, you used a cell phone or even a run-of-the-mill telephone. When you wanted to watch TV, you used a television. These days, though, almost all our daily communication and media needs can be met through the Internet.

Because of this trend, the high demand for bandwidth is upon us and continues to expand in response to the rapid deployment of bandwidth-intensive services such as Internet phone, Internet television, online gaming and streaming video.

International Data Corp. forecasts the U.S. subscriber base for Internet phone and Internet television will grow at annual rates of 64% and 131%, respectively, between 2005 and 2009. Online digital game downloads are forecast to increase to 3.3 billion by 2009 from 1.2 billion while overall broadband penetration is projected to grow from 34% to 53% of U.S. households.

Poised to prosper are Switch & Data Facilities Company, Inc. (Nasdaq: SDXC) and RRSAT Global Communications Network Ltd. (Nasdaq: RRST), two companies that provide services that address rising bandwidth demand.
 
Switch & Data Facilities provides network neutral connection and collocation services for telecoms, Internet service providers and online content providers. Initially, the various networks that made up the Internet connected at public network access points. Eventually these became owned and managed by telecoms. As traffic grew, however, these network access points became overloaded and some network service providers began connecting directly by establishing fiber optic links between facilities. These links, expensive to build and maintain, led to the formation of commercial businesses such as Switch & Data, which operates network neutral Internet exchanges and collocation facilities.

During a morning conference call, satellite content distributor RRSat Global Communications Network Ltd. (Nasdaq: RRST) executives said new contracts will continue to propel revenue growth. A recently announced expanded contract with the Soundtrack Channel – a video channel devoted to movie music and entertainment – and a $7 million contract renewal with satellite broadcaster Direct to Home will increase revenue, CEO David Rivel said during the call.

Rivel would not say if the contract growth will continue throughout the year, but reaffirmed the company’s outlook of a year-over-year revenue increase.

This morning, RRSat increased its fiscal year revenue guidance to between $57 million and $57.5 million, compared with its previous outlook of between $55.5 million and $56 million. The company said it expects revenue for the third quarter ended Sept. 30 to be in the range of $14.7 million to $14.9 million, compared with $11.54 million a year earlier.

The weakened U.S. dollar has not impacted the company’s bottom line dramatically, Rivel said.

“Looking ahead, we believe 2007 offers many opportunities for the company,” Rivel said. “We are generating substantial organic growth.”

Rivel said the company has also identified several acquisition targets that will help RRSat expand its North American presence. The company currently provides services in Europe, Russia and Asia.

Local.com Corp. (Nasdaq: LOCM) reported that it was granted a patent for cell phone-enabled local search. The patent also covers several advertising models associated with the search format.

The founder of Israel-based intimate apparel and socks maker Delta Galil Industries (Nasdaq: DELT) announced he is selling his shares and transferring control of the company to the vice chairman of the board. CEO and Founder Dov Lautman is selling 2.5 million shares to GMM Capital LLC, which is controlled by Delta Galil’s vice chairman Isaac Dabah.

Telecommunications company North Pittsburgh Systems (Nasdaq: NPSI) is being acquired by Consolidated Communications Holdings Inc. (Nasdaq: CNSL) for $375 million in a cash and stock deal.

These are the biggest percentage gainers in Monday's trading among companies with market capitalizations under $500 million:

Find out what companies are on the "short lists" of the research staff of Growth Report and Rising Star Stocks.  New profiles are posted on Thursdays.

RRSat Global Communications Network Ltd. (Nasdaq: RRST)
Omer, Israel 84965
http://www.rrsat.com

RRSat Global Communications Network Ltd. is a Middle East-based TV and radio broadcast distributor and value-added production house. Since 2003, the company has more than doubled its revenues to $43.28 million.

Find out what companies are on the "short lists" of the research staff of Growth Report and Rising Star Stocks.  New profiles are posted on Thursdays.

RRSat Global Communications Network Ltd. (Nasdaq: RRST)
Omer, Israel 84965
http://www.rrsat.com 

RRSat Global Communications Network Ltd. is a Middle East-based TV and radio broadcast distributor and value-added production house. Since 2003, the company has more than doubled its revenues to $43.28 million.