Tag - Hrly

Align Technology Inc. (Nasdaq:ALGN), Pinnacle Airlines Corp. (Nasdaq:PNCL) and CryoLife Inc. (Nasdaq:CRY) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Jacksonville Bancorp Inc. (Nasdaq:JXSB), China Biotics Inc. (Nasdaq:CHBT), Herley Industries Inc. (Nasdaq:HRLY), RG Barry Corp. (Nasdaq:DFZ), LSB Corp. (Nasdaq:LSBX) and Cedar Fair, L.P. (Nasdaq:FUN).

Foot Locker Inc. (Nasdaq:FL), SL Green Rlty REIT (Nasdaq:SLG) and Pharmaxis Depository Receipt (Nasdaq:PXSL) are among the biggest percentage losers in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Wilshire Bancorp Inc. (Nasdaq:WIBC), Red Robin Gourmet Burgers Inc. (Nasdaq:RRGB), Herley Industries Inc. (Nasdaq:HRLY), Quixote Corp. (Nasdaq:QUIX), Lacrosse Footwear Inc. (Nasdaq:BOOT) and Gladstone Commercial Corporation (Nasdaq:GOODO).

Univest Corp. of Pennsylvania (Nasdaq:UVSP), Griffin Land & Nurseries Inc. (Nasdaq:GRIF) and BancFirst Corp. (Nasdaq:BANF) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Chemical Financial Corp. (Nasdaq:CHFC), Iberia Bank Corp. (Nasdaq:IBKC), Landauer Inc. (Nasdaq:LDR), Herley Industries Inc. (Nasdaq:HRLY), Applied Signal Technology Inc. (Nasdaq:APSG) and 1st Source Corp. (Nasdaq:SRCE).

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

Calgon Carbon Corp. (Nasdaq:CCC), DXP Enterprises Inc. (Nasdaq:DXPE) and Herley Industries Inc. (Nasdaq:HRLY) are among the new 52-week highs in Friday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Chardan 2008 China Acquisition Units (Nasdaq:CACAU), BWAY Holding Co. (Nasdaq:BWY), First of Long Island Corp. (Nasdaq:FLIC), Navios Maritime Acquisition Corp. (Nasdaq:NNA), Global Brands Acquisition Corp. (Nasdaq:GQN) and New York & Company Inc. (Nasdaq:NWY).

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

Zale Corp. (Nasdaq:ZLC), SeaChange International Inc. (Nasdaq:SEAC) and Herley Industries Inc. (Nasdaq:HRLY) are among the new 52-week highs in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: FiberNet Telecom Group Inc. (Nasdaq:FTGX), DXP Enterprises Inc. (Nasdaq:DXPE), CryoLife Inc. (Nasdaq:CRY), Zep Inc. (Nasdaq:ZEP), Starrett LS Co. (Nasdaq:SCX) and Almost Family Inc. (Nasdaq:AFAM).

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

Almost Family Inc (Nasdaq:AFAM), Vivus Inc (Nasdaq:VVUS) and TeleCommunication Systems Inc (Nasdaq:TSYS) are among the new 52-week highs in Tuesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: National Presto Industries Inc (Nasdaq:NPK), LHC Group Inc (Nasdaq:LHCG), Interwoven Inc (Nasdaq:IWOV), National Research Corp (Nasdaq:NRCI), Safety Insurance Group Inc (Nasdaq:SAFT) and Herley Industries Inc (Nasdaq:HRLY).

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

Cougar Biotechnology Inc (Nasdaq:CGRB), LHC Group Inc (Nasdaq:LHCG) and National Research Corp (Nasdaq:NRCI) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: FPIC Insurance Group Inc (Nasdaq:FPIC), National Presto Industries Inc (Nasdaq:NPK), Peerless Manufacturing Co (Nasdaq:PMFG), Emergent BioSolutions Inc (Nasdaq:EBS), Republic Banc KY Ord Shs (Nasdaq:RBCAA) and Herley Industries Inc (Nasdaq:HRLY).

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

Lancaster, Pa.-based Herley Industries Inc. (Nasdaq:HRLY) said today it received a $7.1 million follow-on contract to produce integrated microwave assemblies to be used to upgrade an existing electronic attack aircraft program. Herley supplies microwave products and systems to defense and aerospace organizations. The contract is with a major U.S. defense contractor, the company said. In today’s trading, shares are mostly flat, up about $0.15, or 0.94%, at $16.17. Shares have ranged from $9.46 to $16.38 during the past year.

Microwave technology manufacturer Herley Industries, Inc. (Nasdaq:HRLY) said after Thursday’s close that it recorded a net loss including charges of a litigation settlement agreement with the United States Department of Justice.  Excluding charges on a non-gaap basis was net profit of $0.15 per share, above the $0.11 the Street was forecasting.

Sales declined 13% in the period as well.

Shares edged down 1.8%, or $0.28, to $15.40 ahead of the opening bell. For detailed price information and recent news stories about Herley Industries, click HRLY.   

Small-cap stocks had a relatively sleepy pullback Monday, as climbing crude oil prices and a soft dollar offset an upside surprise in economic data from the ISM Non-Manufacturing Survey. The Russell 2000 (NYSE:IWM) dipped 1.39, or 0.19%, to 724.35.

The ISM Non-Manufacturing Survey came in at 52%, which was well above the median forecast for 49.5%, but neither investors nor analysts seemed ready to say that an economic growth trend for the services sector was at hand. The report sparked a brief bid in equities when it was released, but it had very little staying power throughout the day and lost the spotlight as crude oil prices began climbing.

Crude oil prices soared to a fresh record high, zooming past $120 dollars a barrel for the first time. Crude prices have jumped about 9% from last week’s low, and remain a concern for the U.S. economy, consumer spending habits and sentiment heading toward the summer driving season.

Even before the crude oil surge, equities were on the defensive this morning following weekend news that Microsoft (Nasdaq:MSFT) had retracted a bid for Yahoo! Inc. (Nasdaq:YHOO), dulling some of the merger and acquisition hype built up by the recent Mars/Wrigley (NYSE:WWY) deal. Investors pounded Yahoo! shares, which tumbled 15% on the news.

In addition to rising energy prices, other commodity markets were on a roll Monday, with the Commodity Research Bureau Index of a broad swath of physical goods climbing 1.4%, with copper prices soaring 3% to a record peak amid supply disruptions out of Chile and a lift from the ISM data. With crude oil prices and other . . .

Herley Industries, Inc. (Nasdaq: HRLY) shares are up after the defense and aerospace products supplier announced before the opening that its board of directors approved a share buyback of one million shares.

“The board of directors believes that the common stock of the company is undervalued, and has authorized the repurchase plan for up to one million shares of the company's stock,” CEO Myron Levy said in a statement.

After Thursday’s close, the Lancaster, Penn.-based company reported that its fourth-quarter profit rose to $3.8 million, or $0.28 per share, above analyst estimates of $0.27 per share and from $0.71 million, or $0.05 per share, a year earlier. Herley announced that sales during the fourth quarter fell to $40.6 million, below Wall Street views of $44 million and down from $42.8 million during the comparable period of 2006.

The company’s higher profit was fueled by lower selling costs of $29.3 million, compared with $33 million a year earlier.

“While we are not satisfied with the results for the fourth quarter and fiscal year, it is important to note that despite the effects of the suspensions and the costs associated with implementation of the Administrative Agreement, the company was able to report a profit for its fourth quarter and its fiscal year,” Myron Levy said in a statement.

In morning trading, HRLY shares are up1.93%, or $0.30, at $15.27. Over the last 52 weeks, shares have ranged from $12.28 to $18.38.

Herley Industries, Inc. (Nasdaq: HRLY) reported two of its manufacturing facilities have been suspended from winning federal contracts, pending the outcome of a federal investigation of some deliveries by the company.

Reports that a buyout of Trump Entertainment Resorts, Inc. (Nasdaq: TRMP) hit a snag has sent Trump shares to a 52-week low.

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

The Russell 2000 is up but the overall picture on Wall Street is mixed following news of a larger-than-expected drop in May orders of durable goods. At 11:42 a.m. ET the Russell 2000 was up 0.91 points, or 0.11%, to 827.04. The Dow Jones Industrial Average was down 25.20 points, or 0.19%, to 13,312.46.

Shares of Herley Industries, Inc. (Nasdaq: HRLY) are sagging following news that two of its manufacturing facilities have been shut down by the U.S. government. The facilities are suspended from receiving new government contracts until the completion of a full investigation of equipment deliveries under a program with a U. S. defense contractor, the Lancaster, Pa.-based maker of microware products said before the start of trading. The stock is down $2.81, or 16%, to $15.02.

The Russell 2000 and other U.S. indices bounced back to snap a three-day losing streak on news of an unexpected narrowing of the U.S. trade deficit. The Russell 2000 gained 9.99 points, or 1.21%, to finish at 835.31. The Dow Jones Industrial Average added 157.66 points, or 1.19%, to 13,424.39.

The U.S. trade deficit surprisingly fell 6.2% to $58.50 billion in May, the Commerce Department reported. Economists were expecting a deficit of $63 billion.

Technology company Infinera Corp. (Nasdaq: INFN) went public Thursday. The Sunnyvale, Calif.-based Infinera manufactures photonic chips that use light rather than silicon to transmit data for optical networking gear.

Herley Industries, Inc. (Nasdaq: HRLY) third-quarter net income more than doubled to $3.9 million, or $0.27 a share, up from $1.7 million, or $0.11 per share, a year earlier. The military communications equipment maker beat Wall Street predictions of a $0.22 profit per share.

The Spectranetics Corp. (Nasdaq: SPNC) appointed Donald Fletcher as vice president of quality assurance and regulatory compliance. Fletcher replaces Adrian Elfe, who is retiring.

According to New Jersey’s The Star-Ledger, Dune Capital Management LP is considering making an offer for Trump Entertainment Resorts, Inc.’s (Nasdaq: TRMP) casinos.

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

Herley Industries, Inc. (Nasdaq: HRLY), a maker of military communications equipment, is well-positioned to deal with anticipated U.S. defense budget cuts in a “post-Iraq” environment,  executives said on a Friday morning earnings conference call.

“On an overall basis, we believe that Herley is very well situated for the future. Our reasoning is based on our broad diversification of products and programs,” CEO Myron Levy said on the call. “The major programs currently in production at our facilities are the backbone of our defense posture in a post-Iraq world.”

No single program represents more than 10% of Herley’s future business, Levy said. Almost one-third of Herley’s revenue comes internationally from programs in South Korea, Japan, India, Egypt, Germany, Turkey, Taiwan and Israel, he said.

“This puts Herley in a very strong position in the future, protected against shockwaves in the U.S. defense business,” Levy said. “The one-third of our international business in our backlog probably represents one-third of our future profitability because we typically derive higher margins on our international business.”

In the next two to three months, the Trident missile program could start to generate $15 million in yearly revenue and the program could be around for 20 years, Levy said.

An ongoing class action lawsuit by shareholders against Herley over fraud will go to trial in January. The lawsuit alleges that Hurley defrauded investors. During the summer of 2006, Lee Blatt, Herley’s former chairman, was indicted on charges related to excessive profits improperly made through Department of Defense contracts. If in a worst case scenario the company is found guily, Levy said Herley would have to maintain its current administrative agreement with the government. If the company is acquitted, Levy said the administrative agreement will be eliminated.

The following small-cap companies were making news in after-hours trading Thursday:

Lakeland Industries, Inc. (Nasdaq: LAKE) said net sales decreased 6% to $25.6 million for the first quarter of fiscal 2008 ended April 30, 2007, from the same quarter the previous year. Earnings per share were $0.10 for the quarter, compared with the year-ago's $0.26, and well below the sole analyst's estimate for $0.24. The Ronkonkoma, N.Y. company designs and manufactures protective apparel for industry, municipalities, and the field of homeland security. In after-hours trading Lakeland was $0.07 lower at $13.76. CEO Christopher Ryan said the restructuring of the company’s Mexican operations was the largest component of the weak first quarter. He added that "this quarter represents a nadir in our earnings and each quarter should improve sequentially as we reap the benefit of our Mexican restructuring, and fire gear, glove and international sales improve, over the coming three quarters."

Synergetics USA, Inc. (Nasdaq: SURG) said it had record sales for the third quarter of fiscal 2007 ended April 30, rising 9.9% to $11.5 million from a year earlier. O'Fallon, Mo.-based Synergetics reported a net loss for the three-month period of about $92,000, or $0.00 per basic and diluted share, compared with net income of approximately $1.2 million, or $0.05 per basic and diluted share, for the third quarter of fiscal 2006. There were no analyst forecasts for comparison. Synergetics makes surgical instruments and devices. Synergetics closed 3% lower at $3.61 in the regular trading session. Shares had yet to trade in after-hours.

Lancaster, Pa.-based Herley Industries, Inc. (Nasdaq: HRLY) said its earnings for the third quarter ended April 29 more than doubled to $3.9 million, or $0.27 a share on a diluted basis, from $1.7 million, or $0.11 per share, for the same quarter of 2006. Earnings outdid analysts' expectations for $0.22. Net sales for the quarter were $44.4 million, down slightly from $45.7 million a year earlier but in line with forecasts of $44.06 million. Herley designs and manufactures microwave technology systems for the defense, aerospace and medical industries. Shares were higher in after trading, up 3.4% at $16.55.