Tag - SVR

First M&F Corp. (Nasdaq:FMFC), Savient Pharmaceuticals Inc. (Nasdaq:SVNT) and Hanger Orthopedic Group Inc. (NYSE:HGR) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $2 billion.

Small-cap stocks remained higher into midday as investors looked beyond an awful reading on employment to snatch up bargains into the weekend. Gains for commodity stocks and drugs shares helped offset weakness in financials. Today’s small-cap gainers are Luminex Corporation (Nasdaq:LMNX), Emergent BioSolutions (NYSE:EBS) and World Fuel Services (NYSE:INT).

Other Market Watch highlights today included:

• The Energy Select Sector SPDR Fund was up 2.9% at midday, outperforming the broad market indices.  
• Today holds an afternoon press conference by President-elect Obama, who is huddled with economic leaders in Chicago.  
• Financial shares were limping along today and automakers were in full retreat mode.  
• Small-cap stocks remained higher into midday as investors looked beyond an awful reading on employment to snatch up bargains into the weekend.  

Small Cap Gainers:

• Luminex Corporation rallied 24% as the genetic analysis firm also received a lift from earnings news. See (Nasdaq:LMNX).  
• Emergent BioSolutions Q3 profit rises; revises FY08 earnings. Shares climb 18%. See (NYSE:EBS).
• World Fuel Services up 18% as Q3 profit soars on higher revenues. See (NYSE:INT). 
• AmeriCredit announces extension of offer to repurchase 1.75% convertible senior notes due 2023. Shares up 15%. See (NYSE:ACF).  
• Mirant 3Q earnings double on hedging gains, shares up 5%. See (NYSE:MIR).  


Small Cap Losers:

• RHI Entertainment Inc. slumped 27% as the made-for-television entertainment company released earnings results. See (RHIE).
• Talbots to sell J. Jill, pulls outlook; stock down over 20%. See (TLB).  
• Syniverse Holdings down 13% today following a downgrade by Robert W. Baird earlier this week. See (SVR).  
• Bio-Rad's Q3 revenues climb 30%, charges related to DiaMed acquisition cut into the firm’s profit for the quarter. Shares slump 11%. See (BIO).  

Insight Enterprises Inc. (Nasdaq:NSIT), Gaiam Inc. (Nasdaq:GAIA) and Talbots Inc. (Nasdaq:TLB) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Dialysis Corporation of America (Nasdaq:DCAI), Accuray Inc. (Nasdaq:ARAY), Griffin Land & Nurseries Inc. (Nasdaq:GRIF), Ames National Corp. (Nasdaq:ATLO), Syniverse Hldg Inc. (Nasdaq:SVR) and Live Nation Inc. (Nasdaq:LYV).

Here are the biggest percentage losers among small caps:

Stocks tumbled yet again today, with the Russell 2000 (NYSE:IWM) closing down 3.65%, losing nearly 10% in the first two days after the U.S. presidential election. Today’s small-cap gainers are inVentive Health (Nasdaq:VTIV), Global Crossing (Nasdaq:GLBC) and Lumber Liquidators (NYSE:LL).

Other Market Watch highlights today included:

• For the year, the Russell is now off 35%, while the Dow is down 34% and the S&P 500 is down 38%.
• Goldman Sachs is predicting that a jolting 300,000 people lost their jobs last month (the consensus forecast is minus 180,000). Goldman also is looking for the unemployment rate to jump to 6.4%, up 0.3% from last month.
• Monthly confidence survey today among corporate CEOs read that 66% of CEOs expect employment to fall in coming months.
• Among S&P sector groups, only homebuilders managed a 1% rise, but there were 10 sectors generating declines greater than 10%.
• Commodities got hammered today, with copper slumping 5%.
• Crude oil fell to 19-month lows yet airline stocks stayed negative; when those two trade in tandem, recession is dominating psychology.
• Energy stocks were a major drag on the market, with the Energy Select Sector SPDR Fund sinking nearly 7%.

Small Cap Gainers:

• inVentive Health Inc. jumped 38% as the provider of commercialization services to pharmaceutical and health care firms reported a jump in third-quarter revenues. See (Nasdaq:VTIV).
• Global Crossing Ltd. rallied 19% as the IP solutions provider also got an earnings-related lift. See (Nasdaq:GLBC).
• Lumber Liquidators' income rose 48% in Q3; shares closed up 18.8%. See (NYSE:LL). 
• Simcere Pharmaceutical Group reports rise in Q3 profit, reaffirms FY08 . . .

Syniverse Hldg Inc. (Nasdaq:SVR), AnnTaylor Stores Corp. (Nasdaq:ANN) and Warnaco Group Inc. (Nasdaq:WRC) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: SRA International Inc. (Nasdaq:SRX), Merrill Lynch Canada Canadian Pacific  (Nasdaq:HCH), Crosstex Energy Inc. (Nasdaq:XTXI), i2 Technologies Inc. (Nasdaq:ITWO), Obagi Medical Products Inc. (Nasdaq:OMPI) and NACCO Industries Inc. (Nasdaq:NC).

Small-cap stocks fell hard today as recession fears and sloppy retail sales kept the market on the defensive ahead of Friday’s big employment report. The Russell 2000 (NYSE:IWM) shed 18.79, or 3.65% to 495.84, losing nearly 10% in the first two days after the U.S. presidential election. For the year, the Russell is now off 35%, while the Dow is down 34% and the S&P 500 is down 38%.

The market was already reeling overnight when tech bellwether Cisco Systems Inc. (Nasdaq:CSCO) beat the earnings forecast but warned that revenues could fall hard quickly. As the day progressed, Cisco remained under pressure, but tended to outperform the indices. The bulls got a brief reprieve this morning when European bankers slashed interest rates, but the lift from that news didn’t have much shelf-life for U.S. equities.

Of course, it didn’t help matters that yet another economic report reflected a gloomy situation on the employment front — especially a day ahead of the Labor Department monthly reading on payrolls. After awful data earlier this week on manufacturing and service sector activity, this week’s unemployment claims came in above expectations, but the most sobering statistic was that continuing claims rose 122,000 to 3.84 million, the highest level in more than 25 years. A rush of dreadful economic data in recent days sets the stage for the “Grandaddy of Data” (yeah, Friday’s jobs report) to extend the glum reading of the nation’s economic picture. Esteemed researchers at Goldman Sachs already lowered their previous forecast for Friday’s non-farm payrolls — they are now predicting that a jolting 300,000 people lost their jobs last month (the consensus forecast is minus 180,000). Goldman also is looking for the unemployment rate to jump to 6.4%, up 0.3% from last month.

And just to reinforce the recession worries, same-store retail sales numbers came flooding in today; although there were some companies that did well, the cumulative total slumped to the worst monthly reading in about a decade as we head toward the crucial holiday spending period. A monthly confidence survey among corporate CEOs slumped to a record low when it was published this afternoon. The . . .

Small-cap stocks extended the morning slide into midday trading, as pressure from a weak economy continues to take a toll on commodity, retail and financial stocks, overshadowing even aggressive rate cuts out of Europe overnight. At 12:04 p.m. ET, the Russell 2000 (NYSE:IWM) was down 10.28, or 2%, at 504.36.

There really was no safe place to park money today, with equities taking a big hit, Treasury products lower and even commodities in negative territory. The Brazilian president said that the worst of the global financial crisis has now passed, but the market didn’t seem to heed his remarks, with the Brazilian stock market sinking some 3.5% into their afternoon trading time frame. Brazil is a major commodities exporter, and has taken an extra hit as commodity prices collapsed along with stocks in recent weeks.

The economic malaise continued to bruise commodity markets, with crude oil prices tumbling toward $60 a barrel, or the lowest prices since March. The IMF said that developed economies were on track for a full-year contraction for the first time since World War II, and energy exporters that depend on demand from big consumers were taking a beating, with the Energy Select Sector SPDR Fund down 5.5%.

Here in the United States a weak tone for the day was forged overnight when tech bellwether Cisco Systems Inc. (Nasdaq:CSCO) beat the earnings forecast for the third quarter but warned that fourth quarter revenue could decline for the first time in years. CSCO was down about 2.2%, but now actually lagging overall declines in the Nasdaq 100 and in the Dow and S&P 500, so clearly there were other problems bigger than just CSCO.

Retailer shares were a mixed bag today as monthly same-store sales results were pouring in. However, the overall read was gloomy, with the S&P Retail Index down about 1.7%. While there were individual bright spots like small-cap firm Hot Topic Inc. (Nasdaq:HOTT), which was up 12% as sales climbed 8.3%, there were also plenty of disappointments such as Ann Taylor Stores Corp. (NYSE:ANN), which tumbled 25% as the women’s apparel specialist said it would slash jobs and cut costs . . .

Syniverse Hldg Inc. (Nasdaq:SVR), Warnaco Group Inc. (Nasdaq:WRC) and Brookdale Senior Living Inc. (Nasdaq:BKD) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: SRA International Inc. (Nasdaq:SRX), Willbros Group Inc. (Nasdaq:WG), AnnTaylor Stores Corp. (Nasdaq:ANN), Tecumseh Products Co. (Nasdaq:TECUA), TBS International Ltd. (Nasdaq:TBSI) and Delta Petroleum Corp. (Nasdaq:DPTR).

Here are the biggest percentage losers among small caps:

Feeling a little overwhelmed with your communications options? Syniverse Holdings Inc. (NYSE:SVR) wants its customers — and its customers’ customers — to become masters of their mobile communications universe.

Based in Tampa, Fla., the company has grown over the past 21 years — the past three as a public company — to enable communications companies to provide interoperability among their voice and data networks. Syniverse sells the goods that let you “roam” on cell phones in the United States and in many other countries. Its back-office telecommunications technology also delivers number portability when customers switch carriers.

Syniverse hasn’t given investors many reasons to roam despite the difficult stock market. The stock is down 5.7% year to date, and down about 6% in the past three months. Syniverse has struggled to regain the 52-week high of $22.93 seen on May 19, while its recent low was recorded on Jan. 9, when shares sank to $13.50.

Analysts who cover Syniverse remain positive about its prospects. Of the 11 surveyed by Thomson Reuters, two have the stock as a “strong buy,” five rate it a “buy,” and four call it a “hold.” On Monday, Syniverse closed at $14.69.

Syniverse’s roots go back to 1987, when it was created as GTE Telecommunication Services, a unit of GTE to work on the need for wireless telephone roaming. Two years after Verizon (NYSE:VZ) was formed from the merger of GTE and Bell Atlantic, the unit’s managers and an investor group acquired the business, which had its initial stock offering in 2005. Since early 2006, Terry Holcombe has served as president . . .

Diamond Management & Technology Consultants Inc (Nasdaq:DTPI), Sucampo Pharmaceuticals Inc (Nasdaq:SCMP) and Momenta Pharmaceuticals Inc (Nasdaq:MNTA) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Pacific Booker Minerals Inc (Nasdaq:PBM), DrdGold ADR (Nasdaq:DROOY), TiVo Inc (Nasdaq:TIVO), Park View Federal Savings Bank (Nasdaq:PVFC), Colony Bankcorp Inc (Nasdaq:CBAN) and Syniverse Hldg Inc (Nasdaq:SVR).

Here are the biggest percentage gainers among small caps:

Shares of Syniverse Holdings Inc. (NYSE: SVR) got a boost late today after the Tampa, Fla.-based technology services provider beat analysts’ first-quarter estimates.

For the quarter ended March 31, Syniverse reported net income of $7.6 million, or $0.21 per share, on revenue of $82.7 million, compared with net income of $3.6 million, or $0.05 per share on revenue of $73.4 million in the prior year period.

Nine analysts polled by Thomson First Call estimated earnings per share of $0.18 on revenue of $79 million.

By 7:15 ET, the company’s shares were trading up $0.96, or 9.3%, to $11.27. The stock has traded between $9.93 (March 6) and $18.15 (and May 5, 2006) in the past year.

Syniverse Holdings Inc. (NYSE: SVR) got a boost of $0.96, or 9.3%, late today after the Tampa, Fla.-based technology services provider announced first-quarter net income of $7.6 million, or $0.21, on revenue of $82.7 million. Nine analysts polled by Thomson First Call estimated earnings per share of $0.18 on revenue of $79 million.

Rochester Medical Corp. (Nasdaq: ROCM) plunged $2.80, or nearly 12%, to $20.65 on heavy volume in after-hours trading today after the Stewartville, Minn.-based company announced second-quarter results. For the three months ended March 31, Rochester Medical reported net income of $1.04 million, or $0.08 per share, on revenue of $8.4 million, compared with a net loss of $244,000, or $0.02 per share, on revenue of $4.9  million for the second quarter of last year. Rochester Medical makes urinary continence and urine drainage care products for the extended care and acute care markets.

Shares of Intevac Inc. (Nasdaq: IVAC) were down $2.21, or 9%,to $22.10 in after-hours trading today when the company announced second-quarter earnings guidance below analysts’ estimates. For the first quarter ended March 31, the Santa Clara, Calif.-based disk sputtering equipment supplier reported net income of $9.8 million, or $0.44 per diluted share, on revenue of $76.4 million. Six analysts polled by Thomson First Call had estimated earnings per share of $0.38 on revenue of $73.5 million. In a conference call today, according to Reuters, the company forecast second-quarter earnings per share of $0.33 cents to $0.40 cents, including $0.04 cents per share of stock-based compensation expense, on revenue of $69 million to $75 million. Analysts were expecting earnings per share of $0.43 on revenue of $72.9 million.