Tag - Ccur

MGP Ingredients Inc. (NYSE:MGPI), Patrick Industries Inc. (NYSE:PATK) and Monroe Bancorp (Nasdaq:MROE) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Concurrent Computer Corp. (AMEX:CCUR), FBR Capital Markets Corp. (Nasdaq:FBCM), Ohio Valley Banc Corp. (Nasdaq:OVBC), Northrim BanCorp Inc. (Nasdaq:NRIM), Red Robin Gourmet Burgers Inc (Nasdaq:RRGB) and Chase Corp. (Nasdaq:CCF).

Here are the biggest percentage losers among small caps:

Shares of Concurrent (Nasdaq:CCUR) are treading lower midday after the provider of Linux-based computing technologies this morning reported disappointing fourth-quarter and full year results that fell short of the consensus view on Wall Street.

The company saw business slow in the fourth quarter due to the timing of customer orders. Concurrent swung to a loss in the fourth quarter, while the Street was expecting a profit. Revenues also slipped in the fourth quarter from last year and missed the Street.

Shares slid 14%, or $1, to $6.35 midday. For detailed price information and news stories on Concurrent, click CCUR.

Innovative Solutions and Support Inc. (Nasdaq:ISSC), Russ Berrie & Co Inc. (Nasdaq:RUS) and Concurrent Computer Corp. (Nasdaq:CCUR) are among the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $1 billion.    

Also included among the results: South Finl Group (Nasdaq:TSFG), Berkshire Bancorp Inc. (Nasdaq:BERK), Beazer Homes USA Inc. (Nasdaq:BZH), LandAmerica Financial Group Inc. (Nasdaq:LFG), Clean Diesel Technologies (Nasdaq:CDTI) and Beazer Homes USA Inc. (Nasdaq:BZH).      

Here are the biggest percentage losers among small caps:   

Small-cap stocks were expected to open solidly higher Friday morning, in line with overnight gains on stock index futures. The Russell 2000 (NYSE:IWM) was up about 0.5% in after-hours trading, which would translate to a cash opening near 721.

The high for the recent move was at 723.86, just shy of key long-term chart resistance at 724. If that resistance area is tackled, then it would open the door for a run toward a double top from early February at 731. Looking at other major index products, the Dow already is at the highest price since January, and the S&P 500 is hovering about five handles below 1,400 in overnight trading, which could be an important figure test for the bulls.

Once again, overnight gains were fueled by solid earnings results, particularly in the financial sector, driven by American Express (NYSE:AXP), which was up about 3% following better-than-forecast results.

Overseas stock market trading also lent support to small caps, with European shares climbing to three-week highs, as the European DJ Stoxx 50 was up about 1.6% and Japan’s Nikkei up 2.3%. In addition, the dollar remained firm, and was . . .

During a morning conference call, executives of Concurrent Computer Corp. (Nasdaq: CCUR), a provider of computer and software systems for video-on-demand, said the company sees continued growth driven by the popularity of on-demand video.

“We see a strong market for video-on-demand for the next couple years in North America and Asia,” CEO Gary Trimm said. “This is driven to a great degree by the success of time-shifted TV.”

Trimm said other popularity drivers include high-definition content and the convenience of video-on-demand.

Trimm also said the company’s computer systems are ready to service the targeted marketing segment.

“We also see a built-in market for targeted advertising,” he said. “Concurrent is positioned very well for this new and exciting market.”

Before the opening bell, Concurrent announced fourth-quarter revenue of $21.1 million, up 33% from revenue of $15.9 million during the same three months of 2006 and above Wall Street estimates of $19 million. For the period ended June 30, Concurrent’s net loss was $0.7 million, or $0.01 a share, which beat analysts’ expectations of a $0.02 loss per share. During the fourth quarter of 2006, the company had a new loss of $4.5 million, or $0.06 a share.

Concurrent’s consolidated gross margins for the fourth quarter of fiscal 2007 were 48% compared to 49% in the third quarter of fiscal 2007. The gross margins decreased primarily due to additional severance charges recorded to service cost sales, the company said in a statement. During the fourth quarter of 2006, Concurrent’s gross margin was 45%.

“We continue to look at additional cost cutting measures going forward as deemed necessary to prove our results while balancing the need to meet our customer expectations,” CFO Emory Berry said.

Trimm said one of the company’s Linux products that was developed in 2006 through a non-exclusive partnership with Novell, Inc. (Nasdaq: NOVL) has undergone extensive revisions. He said the revisions were done to address open-source limitations and to target clients, such as financial institutions and large IT departments. A second version of this product, which Trimm called the “ready-for-primetime product that’s accepted by the open-source community,” will be released in the fall.

“We believe this [new version] will be the catalyst for sales,” he said.

Concurrent Computer Corp. (Nasdaq: CCUR), provider of computer and software systems for video-on-demand, reported fourth-quarter results above analyst estimates.

Sales were $21.1 million, which beat Wall Street estimates of $19 million. The Duluth, Ga.-based company recorded a net loss of $0.7 million, or $0.01 per share, which was better than analysts’ estimates of a loss of $0.02 per share. In the fourth quarter of 2006, the company had a net loss of $3.1 million, or $0.04 a share.

“I am very pleased with our fourth quarter results,” CEO Gary Trimm said. “We shored-up our balance sheet with total assets now over $74.1 million and we had very strong sales growth. Our real-time business improved significantly in the quarter, including over $1 million in sales of real-time operating system software.”

Concurrent’s consolidated gross margins for the fourth quarter of fiscal 2007 were 48% compared to 49% in the third quarter of fiscal 2007. The gross margins decreased primarily due to additional severance charges recorded to service cost sales.

In pre-market trading, shares are up 3.7%, or $0.05, at $1.40.