Tag -  RDWR 

What do you do when your company's earnings missed analyst expectations by 15 percent? You get your merger and acquisition team together and start shopping.

That's sure to be the case right now at Cisco Systems (Nasdaq: CSCO) after the company reported earnings of just $0.34 per share in the first quarter. Analysts had expected $0.40 per share, and while the company's 13 percent earnings growth (it earned $0.30 per share in the comparable quarter in 2009) is nothing to sneeze at, guidance of only 3 to 4 percent revenue growth fell well short of expectations of 13 percent.

Taken together, a weaker than expected quarter and slower than anticipated revenue growth moving forward has the stock down over 15 percent this morning.

SIFCO Industries Inc. (Nasdaq:SIF), Lithia Motors Inc. (Nasdaq:LAD) and LodgeNet Interactive Corp. (Nasdaq:LNET) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: IncrediMail Ltd. (Nasdaq:MAIL), Air Methods Corp. (Nasdaq:AIRM), Radware Ltd. (Nasdaq:RDWR), World Heart Corp. (Nasdaq:WHRT), MedQuist Inc. (Nasdaq:MEDQ) and B&G Foods Inc. (Nasdaq:BGS).

Territorial Bancorp Inc. (Nasdaq:TBNK), Air Methods Corp. (Nasdaq:AIRM) and Radian Group Inc. (Nasdaq:RDN) are among the new 52-week highs in Wednesday's trading among companies with market capitalizations under $1 billion.

Williams Controls Inc. (Nasdaq:WMCO), Monroe Bancorp (Nasdaq:MROE) and First California Financial Group Inc. (Nasdaq:FCAL) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Encore Wire Corp. (Nasdaq:WIRE), K12 Inc. (Nasdaq:LRN), Skilled Healthcare Group Inc. (Nasdaq:SKH), Firstbank Corp. (Nasdaq:FBMI), Radware Ltd. (Nasdaq:RDWR) and John Bean Technologies Corp. (Nasdaq:JBT).

American Greetings Corp (Nasdaq:AM), Savannah Bancorp Inc (Nasdaq:SAVB) and Berry Petroleum Co (Nasdaq:BRY) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Savannah Bancorp Inc. (Nasdaq:SAVB), Take Two Interactive Software Inc. (Nasdaq:TTWO) and MarkWest Energy Partners L P (Nasdaq:MWE) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Tennant Co. (Nasdaq:TNC), Radware Ltd. (Nasdaq:RDWR), Avid Technology Inc. (Nasdaq:AVID), Swift Energy Co. (Nasdaq:SFY), K-Fed Bancorp (Nasdaq:KFED) and Bancorp Rhode Island Inc. (Nasdaq:BARI).

AMAG Pharmaceuticals Inc. (Nasdaq:AMAG), Zhongpin Inc. (Nasdaq:HOGS) and DryShips Inc. (Nasdaq:DRYS) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Canadian Solar Inc. (Nasdaq:CSIQ), Solarfun Power Holdings Co Ltd (Nasdaq:SOLF), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Allscripts Misys Healthcare Solutions Inc. (Nasdaq:MDRX), Radware Ltd (Nasdaq:RDWR) and Harmonic Inc (Nasdaq:HLIT).

Here are the most actively traded companies among small caps:

Advisory Board Co (Nasdaq:ABCO), 21st Century Holding Co (Nasdaq:TCHC) and Sinclair Broadcast Group Inc (Nasdaq:SBGI) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Britannia Bulk Holdings Inc (Nasdaq:DWT), NetSuite Inc (Nasdaq:N), ACCO Brands Corp (Nasdaq:ABD), Radware Ltd (Nasdaq:RDWR), inVentiv Health Inc (Nasdaq:VTIV) and First Mercury Financial Corp (Nasdaq:FMR).

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

Radware (Nasdaq:RDWR), which develops application delivery and network security products, said this morning that Austria’s Skidata AG, will deploy Radware's DefensePro security platform in response to the growing threats of network security.

Skidata equips skiing areas all over the world, parking garages and leisure parks with systems that control access and billing.

Shares lost 4%, or $0.43, to $9.51 in pre-market trading. For detailed price information and recent news stories about Radware, click RDWR.     

Small-cap stocks pushed higher Monday, climbing to the highest point since early February as news of a large-cap candy merger stoked investor hope that the worst of the credit crunch has been endured. Despite the optimism spurred by renewed merger and acquisition activity, the advance Monday was relatively tame, with the Russell 2000 (NYSE:IWM) gaining 3.49, or 0.48%, to 725.37. In addition, a late profit-taking spree Monday pressed the Russell off intraday highs and pulled the Dow and S&P 500 just slightly in the red.

A bullish tone for Monday’s action was set in motion overnight when Mars Inc. announced plans to acquire Wrigley (NYSE:WWY) for $23 billion, including a $6.5-billion stake financed by Warren Buffet. If the legendary “Oracle of Omaha” was ready to acquire companies in this sluggish economic environment, then it spurred investor hope that the overall stock market might be undervalued. However, in an interview with CNBC, Buffet cautioned that he thought the economic recovery in the United States could be more prolonged than many anticipate.

Perhaps some of the bullish gusto over the rise to three-month highs was tamed by surging commodity prices, which could not only raise input costs for many manufacturing companies, but also could crimp consumer spending habits and prolong the sluggish economy. On the commodities front, crude oil prices notched a fresh record high overnight just shy of $120 dollars a barrel, but the big . . .

Silicom Ltd. (Nasdaq:SILC), Radware Ltd. (Nasdaq:RDWR) and Monarch Financial Holdings, Inc. (Nasdaq:MNRK) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $750 million.

CapitalSouth Bancorp (Nasdaq:CAPB), Bank of McKenney (Nasdaq:BOMK) and Escalade, Inc. (Nasdaq:ESCA) are also among the top small-cap percentage losers.

Here are Monday's biggest percentage losers among small caps:

Here are Monday’s biggest percentage gainers and losers in midday trading, along with top volume leaders, among companies with a market cap between $50 million and $750 million:

Biggest percentage gainers:

• Mercury Computer Systems Inc. (Nasdaq:MRCY), up 22.8% to $8.89 after the Chelmsford, Mass.-based maker of high-performance computers and software reported third-quarter net income of $1 million, or $0.04 per share. Wall Street analysts expected a loss of $0.01 per share.
• Houston American Energy Corp. (Nasdaq:HUSA), up 15.9% to $5.64 after the oil and gas exploration and production company despite no significant news from the Houston-based firm.
• Origin Agritech Ltd. (Nasdaq:SEED), up 15.7% to $7.50 despite no significant news from the China-based supplier of crop seeds. Investors on Internet message boards speculate a world food shortage might be pushing the price up.

Biggest percentage losers:

• Radware Ltd. (Nasdaq:RDWR), down 14% to $9.15, after reporting a wider-than-expected first-quarter loss and lower revenues.
• Image Sensing Systems, Inc. (Nasdaq:ISNS), down 11% to $12.45 despite no significant news from the Saint Paul, Minn.-based maker of video processing products.
• Monarch Financial Holding, Inc. (Nasdaq:MNRK), down 10.6% to $10.05 despite no significant news from the Chesapeake, Va.-based bank holding company.

After opening lower, the Russell 2000 (NYSE:IWM) climbed into positive to flat territory midday, ahead of the Federal Reserve’s FOMC meeting Tuesday and Wednesday and the preliminary reading of first-quarter GDP.

At 11:52 a.m. ET, the Russell was up 1.76, or 0.24%, at 723.6, while the Dow gained 6.68, or 0.05%, to 12,898.54.

The Fed is expected to shave another 25 basis points off the federal-funds rate Wednesday, however Wall Street will watch to see if the central bank will pause its loosening monetary policy campaign after this week, as the economy confronts inflation.
 
Also this week, Wednesday serves up first quarter preliminary GDP, in which investors will be watching to see if the economy slipped into negative growth.

On the opening, the market found support on news that Mars Inc. and Warren Buffet’s Berkshire Hathaway (NYSE:BRK) were acquiring Wrigley (NYSE:WWY) for a reported $22 billion to $23 billion. Buffet said his stake was $6.5 billion and that he was acting as a financing agent for the deal. From a broad market standpoint, . . .

Shares of Radware Ltd. (Nasdaq:RDWR) are treading lower ahead of the opening bell after the Israeli developer of application delivery and network security solutions this morning reported a wider-than-expected first-quarter loss and lower revenues. The small cap attributed its shortfall to poorly made revenue recognition decisions, the devaluation of the U.S. dollar and certain one time expenses.

Shares topped 12%, or $1.30, to $9.34 ahead of the opening bell. For detailed price information and recent news stories about Radware, click RDWR.

TASER International, Inc. (Nasdaq:TASR), China Finance Online Co. (Nasdaq:JRJC) and Origin Agritech Ltd. (Nasdaq:SEED) are among the most actively traded companies in Monday's pre-market trading among those with market capitalizations under $750 million.

Sutor Technology Group Ltd. (Nasdaq:SUTR), E-Com Ventures, Inc. (Nasdaq:ECMV) and Radware Ltd. (Nasdaq:RDWR) are also among the most actively traded small-cap companies in pre-market trading.

Here are the most actively traded small-cap companies in Monday's pre-market trading:

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:

• Hansen Medical, Inc. (Nasdaq:HNSN), up 63%.
• Immersion Corp. (Nasdaq:IMMR), up 10%.
• Momenta Pharmaceuticals Inc. (Nasdaq:MNTA), up 8%.

Biggest percentage losers:

• Radware Ltd. (Nasdaq:RDWR), down 11%, after reporting a wider-than-expected first-quarter loss and lower revenues.
• BioMimetic Therapeutics Inc. (Nasdaq:BMTI), down 9%.
• Novogen Ltd. (Nasdaq:NVGN), down 8%.

Accredited Home Lenders Holding Co. (Nasdaq: LEND), Ascent Solar Technologies, Inc. (Nasdaq: ASTI) and Ceragon Networks Ltd. (Nasdaq: CRNT) are among the most actively traded companies in Wednesday pre-market trading among those with market capitalizations under $500 million:

Radware Ltd. (Nasdaq: RDWR), which is a provider of integrated application delivery solutions for business-smart networking, this morning reported second quarter revenues just above analyst estimates, but missed loss per share estimates by a penny.

For the three months ended June 30, the Tel Aviv, Israel-based company booked record revenues of $21.5 million, compared with revenues of $20.1 million for the second quarter of 2006. Seven analysts polled by Thomson Financial expected revenues of $20.51 million for the second quarter.

Radware recorded a net loss for the second quarter of 2007of $2.4 million or $0.12 per diluted share, compared with net income of $0.5 million or $0.03 per diluted share in the second quarter of 2006. Seven analysts polled by Thomson Financial expected a loss of $0.11 per share for the second quarter.

Shares of Radware edged up 0.28%, or $0.04, to $14.45 in pre-market trading.

The Russell 2000 is moving up this afternoon, while the Dow is flat. At 2:13 p.m. ET the Russell 2000 was up 7.71 points, or 0.93%, to 833.84. The Dow Jones Industrial Average was up 18.78 points, or 0.14%, to 13,356.44.

Shares of ISTA Pharmaceuticals Inc. (Nasdaq: ISTA) are appreciating following news it’s raising approximately $36.75 million through a private placement. Institutional investors will be offered 5.25 million shares at a purchase price of $7.00, the Irvine, Calif.-based company said before the start of trading. Closing is expected to occur on or about June 29. The stock is up $0.15, or 2%, to $7.47.

Neurochem Inc. (Nasdaq: NRMX) says a “landmark” New England Journal of Medicine study shows the benefits of the Canadian company’s eprodisate treatment for secondary amyloidosis.

PNC Financial Services Group Inc. (NYSE: PNC) said it agreed to acquire Yardville National Bancorp (Nasdaq: YANB) for $403 million. For each of their shares, Yardville shareholders will receive about $0.29 of a PNC share and $14 in cash.

Acton, Mass.-based SeaChange International (Nasdaq: SEAC) reported a first quarter loss of $0.12 per share, which was $0.02 worse than Wall Street estimates.

Books-A-Million, Inc. (Nasdaq: BAMM) announced that the Board of Director’s has declared a special one-time dividend of $3 per share. The dividend will be paid on July 5. About $50.4 million will be paid on the Birmingham, Ala.-based company’s 16.8 million outstanding shares.

The following are the most actively traded companies in Thursday pre-market trading among those with market capitalizations under $500 million: