Tag - Cbey

Cbeyond Inc (Nasdaq:), Superior Well Services Inc (Nasdaq:SWSI), Deer Consumer Products Inc (Nasdaq:DEER) and Cumberland Phanmaceuticals Inc (Nasdaq:CPIX) are among the biggest percentage losers in Wednesday's trading among companies with market capitalizations under $1 billion.

 

Also included among the results: Hawk Corp (Nasdaq:HWK), Speedway Motorsports Inc (Nasdaq:TRK), Bridgford Foods Corp (Nasdaq:BRID), Digimarc Corp New (Nasdaq:DMRC) and AFC Enterprises Inc (Nasdaq:AFCE).

SM&A (Nasdaq:WINS), First Regional Bancorp (Nasdaq:FRGB) and Ardea Biosciences Inc. (Nasdaq:RDEA) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Idenix Pharmaceuticals Inc. (Nasdaq:IDIX), Bankrate Inc. (Nasdaq:RATE), Cbeyond Inc. (Nasdaq:CBEY), Loral Space & Communications Inc. (Nasdaq:LORL), DivX Inc. (Nasdaq:DIVX) and Great Atlantic & Pacific Tea Co Inc. (Nasdaq:GAP).

Here are the biggest percentage gainers among small caps:

Atlanta-based Cbeyond Inc. (Nasdaq:CBEY) has shed 11% today after Citigroup downgraded the company to “sell” from “hold.” The research firm said it was concerned about bleak news from rival companies being an indicator of softness in the sector. Cbeyond is a telecommunications provider. In today’s trading, shares are at $14.80 at 12:48 p.m. ET, down about $1.83 from Friday’s close. Trading volume is nearly double the average amount of shares. During the past year, the stock has ranged from $13.94 to $46.51.

Stanley Furniture Co Inc (Nasdaq:STLY), A Power Energy Generation Systems Ltd (Nasdaq:APWR) and Lakeland Bancorp Inc (Nasdaq:LBAI) 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), SemGroup Energy Partners LP (Nasdaq:SGLP), ViroPharma Inc (Nasdaq:VPHM), Cbeyond Inc (Nasdaq:CBEY), Center Financial Corp (Nasdaq:CLFC) and Hoku Scientific Inc (Nasdaq:HOKU).

Here are the most actively traded companies among small caps:

The Russell 2000 (NYSE: IWM) closed in the red while the other major U.S. indices rose on news of a plan to help bond insurers. The small-cap index fell 0.85 points, or 0.12%, to 695.43. The Dow Jones Industrial Average (INDU) gained 96.72 points, or 0.79%, to 12,381.02.

On a year-to-date basis, the Russell 2000 has declined 9.22%, while the Dow is down 6.66% and the S&P 500 has retreated 7.85%.

Bond insurers were the story today, first causing steep declines and then becoming the catalyst of a breathtaking rebound that lifted all but the small-cap index.

Stocks small and large spent the majority of the session deep in negative territory on speculation that rating agencies Moody’s, Standard & Poor’s and Fitch will move to downgrade major bond insurers MBIA Inc. (NYSE: MBI) and Ambac Financial Group, Inc. (NYSE: ABK).

Cbeyond, Inc. (Nasdaq: CBEY) shares are plunging after the Internet-based phone and data services company projected 2008 revenue below expectations and a Citigroup analyst downgraded the stock.

After Thursday’s close, Cbeyond posted fourth-quarter earnings of $12.5 million, or $0.44 per share, up from $4.4 million, or $0.16 per share, a year earlier. Analysts had expected earnings of $0.10 per share.

Quarterly revenue rose 31% to $76.9 million, from $58.9 million a year earlier. Wall Street analysts projected revenue of $76.7 million.

Cbeyond expects 2008 revenue in the range of $355 million to $360 million. Wall Street analysts project revenue of $360.2 million.

Citigroup analyst Erin E. Schmitz downgraded the stock to "hold" from "buy." In a note to investors, Schmitz said it expects the weakening U.S. economy to increase the loss of customers and weigh down the stock in 2008.

In afternoon trading, CBEY shares are down 21.74%, or $5.11, at $18.39. Over the last 52 weeks, shares have ranged from $15.58 to $46.51.

The Russell 2000 (NYSE: IWM) is in negative territory, down more than any of the other major U.S. indices.

At 10:06 a.m. ET, the small-cap index was off 7.24 points, or 1.04%, to 689.04. The Dow Jones Industrial Average (INDU) had let go 29.06 points, or 0.24%, to 12,255.24.

With no major economic news scheduled for today, investors are focusing on company news. The Russell 2000 opened in the green but quickly turned south.

Leading the downward movement is Cbeyond, Inc. (Nasdaq: CBEY), a provider of Internet protocol-based (IP) communications services. The Atlanta, Ga.-based company reported that its fourth-quarter profit nearly tripled, but released 2008 revenue guidance below expectations.

Also falling is McGrath RentCorp (Nasdaq: MGRC). The seller of portable classrooms and office space posted fourth-quarter net income of $12.1 million, or $0.48 per share, beating projections. However, revenue was $70.7 million, below the expected $78.9 million.

On the flip side, armored vehicles maker Force Protection, Inc. (Nasdaq: FRPT) is seeing its shares rise on news that it has received a $115 million order from the U.K. Ministry of Defense.

Financial technology services provider Online Resources Corp. (Nasdaq: ORCC) is also enjoying a bump in its stock price following news that fourth-quarter revenues rose 29.6% to $38.1 million, above Wall Street’s forecast of $37.9 million.

Shares of Red Robin Gourmet Burgers, Inc. (Nasdaq: RRGB) are in the green on news that the Greenwood Village, Colo.-based casual dining chain increased its fourth-quarter profit 14%.

The Russell 2000 (NYSE: IWM) futures are a little higher and the small-cap index will likely open with a small rise.

There is no major economic news scheduled for today, but the Dallas Federal Reserve President’s speech at 1:30 p.m. ET is likely to make headlines.

Among small-cap companies, Ballard Power Systems Inc. (Nasdaq: BLDP), which makes fuel cells, said that it expects to ship twice as many units in 2008, bringing in total revenues of between $65 million and $75 million.

Small-cap stocks staged a dramatic bearish reversal Thursday, as the Russell 2000 rejected a promising morning rise to shed 13.74, or 1.94% to 696.28 by the close. The market continues to reflect indecision within the recent range – unwilling to sustain a dynamic move in either direction.

The market will be able to navigate through today's session unencumbered by outside economic news. It will be interesting to see if the Russell starts to falter below the 700 swing line after four sessions of see-saw action along that point so far this week. Look for support Friday at 694, 688 and 680; resistance comes in at 703.50, 712 and 717.