Tag - Pktr

China Precision Steel Inc (Nasdaq:CPSL), Packeteer Inc (Nasdaq:PKTR) and China Sunergy Co Ltd (Nasdaq:CSUN) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $750 million.

NGAS Resources Inc (Nasdaq:NGAS), AmCOMP Inc (Nasdaq:AMCP) and Ascent Solar Technologies Inc (Nasdaq:ASTI) are also among the most actively traded companies.

Here are the most actively traded companies among small caps:

Akeena Solar Inc (Nasdaq:AKNS), China Precision Steel Inc (Nasdaq:CPSL) and Packeteer Inc (Nasdaq:PKTR) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $750 million.

Origin Agritech Ltd (Nasdaq:SEED), Progenics Pharmaceuticals Inc (Nasdaq:PGNX) and TASER International Inc (Nasdaq:TASR) are also among the most actively traded companies.

Here are the most actively traded companies among small caps:

Sirtris Pharmaceuticals Inc. (Nasdaq:SIRT), P.F. Chang's China Bistro (Nasdaq:PFCB) and Anadigics, Inc. (Nasdaq:ANAD) are among the most actively traded companies in Wednesday's pre-market trading among those with market capitalizations under $750 million.

YRC Worldwide Inc. (Nasdaq:YRCW), Packeteer, Inc. (Nasdaq:PKTR) and FuelCell Energy, Inc. (Nasdaq:FCEL) are also among the most actively traded small-cap companies in pre-market trading.

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

Here are the day’s biggest percentage gainers and losers, along with top volume leaders, among companies with a market cap between $100 million and $750 million:

Biggest percentage gainers:

• Chemgenex Pharm Ltd. (Nasdaq:CXSP), up 30% to $13.95.
• DDI Corp. (Nasdaq:DDIC), up 13% to $5.20
• VanceInfo Technologies Inc. (NYSE:VIT), up 14% to $8.11.

Biggest percentage losers:

• Cheniere Energy Inc. (AMEX:LNG), down 36% to $7.11 on news it reduced its earnings and sales outlook for the full year.
• Aladdin Knowledge Systems Ltd. (Nasdaq:ALDN) down 27% to $15.80 on news that it reported first-quarter earnings that missed analysts’ estimates by a penny and news that it lowered its fiscal 2008 earnings estimate.
• Silver State Bancorp (Nasdaq:SSBX), down 17% to $5.56.

Volume leaders:

• Packeteer Inc. (Nasdaq:PKTR), 14,591,639 million shares traded versus the average of 356,670 shares.
• Cheniere Energy Inc. (AMEX:LNG) 6,655,424 shares traded versus the average of 984,475 shares.
• SiRF Technology Holdings, Inc. (Nasdaq:SIRF) 3,004,253 shares traded versus the average of 4,810,510 shares.

The day saw 28 small-cap stocks set 52-week lows, while 16 small caps established a 52-week high.

The Russell 2000 (NYSE:IWM) edged lower Monday, slipping 3.06, or 0.42%, to 718.00. Despite the dip, the market was still sitting on the second highest daily close since mid-February, and the rather tame pullback was no surprise given overbought momentum readings on daily studies after last week’s big surge.

In addition to profit-taking from short-term traders who caught the rally last week, the psychology behind today’s decline was fueled by soft earnings from the nation’s second largest bank, Bank of America (NYSE:BAC), which fell about 2.5% and was one of the biggest losers in the major broad indices. In addition, National City Corp. (NYSE:NCC), was down 27% after poor quarterly results and the general malaise in the financial sector kept ongoing frets over the credit crunch in play.

“The Fed has eased monetary policy 300 bps in a short span of time and implemented three new programs to reduce stress in the financial markets. However, market stress remains persistent,” Asha Bangalore, an economist with Northern Trust, said in an email. Bangalore noted that, “At the long and risky end, the spread between junk bonds and the yield on the 10-year U.S. Treasury note has improved” but remains elevated and a far cry from the spread levels prior to August 2007. “These indicators of market stress would have to show a significant improvement before it can be declared that the coast is clear,” she said.

In addition to credit market jitters, the market will likely continue to focus on various key headline earnings results the next couple of days, as the economic calendar is tame this week. In fact, there are no economic reports on tap until Wednesday’s existing home sales release, and although the housing market is in . . .

Small caps are continuing to bleed red in Monday’s trading. At 1:46 p.m., the Russell 2000 (NYSE:IWM) is down 0.82%, or 5.9, at 715.17. After Friday’s big rally, the index slipped in early trading today, broached the 718 mark briefly, and then continued to slide.

The market is digesting results from drug makers Eli Lilly (NYSE:LLY) and Merck & Co. (NYSE:MRK), and from the second largest American bank, Bank of America (NYSE:BAC). Bank of America shares were lower after the regular opening, down about 2.5% as investors appear less willing to extend an olive branch to sluggish results, especially compared to the reaction last week that was seen on Citigroup’s (NYSE:C) earnings.

As for the drug makers, the news was mixed, with Eli Lilly tumbling about 4.5% on sloppy results, while Merck slipped about 0.1% despite beating the estimate.

Among small caps, Packeteer Inc. (Nasdaq:PKTR) is rising more than 12% on news that the company was set for acquisition, and North American Galvanizing & Co. (Nasdaq:NGA) was up about 7% into the opening as the company topped earnings forecasts.

On the downside, Aladdin Knowledge Systems Inc. (Nasdaq:ALDN) tumbled about 27% after missing the earnings forecast. MedCath Corp. (Nasdaq:MDTH) is down about 17% after the Charlotte, N.C.-based health-care provider estimated its second-quarter and fiscal 2008 earnings far below Wall Street expectations.

Small-cap stocks began Monday in the red: at 9:54 a.m. ET, the Russell 2000 (NYSE:IWM) was down 2.67, or 0.37% at 718.40. The index’s early low was at 716.72, slipping through the first line of defense from Friday’s big rally at 718, and now faces short-term chart support at 714, then down at 709.

The focal point early this week will likely be on earnings news and the credit crunch. Overseas, the Bank of England announced the opening of a credit window that would allow banks to swap out risky mortgage debt for U.K. government bonds, a similar function to what the Federal Reserve did several weeks ago to help bail out limping financial firms. The immediate response from European equities was lukewarm, however, so it may take more time to play out. The uncertain response to the Bank of England’s move means that the credit issue will likely remain on trader radar screens early this week.

The U.S. dollar was lower overnight, and crude oil shot to yet another record high price, which clearly puts a little bit of a damper on bullish psychology from last week’s big surge in small caps. The Lundberg survey of some 7,000 gas stations reported a new high pump price of $3.47 per gallon, up $0.04 from two weeks ago. Combine record oil prices with soaring food prices, sluggish home values and . . .

Packeteer, Inc. (Nasdaq:PKTR), Dendreon Corp. (Nasdaq:DNDN) and ShengdaTech, Inc. (Nasdaq:SDTH) are among the most actively traded companies in Monday's pre-market trading among those with market capitalizations under $750 million.

Zhongpin Inc. (Nasdaq:HOGS), Sigma Designs, Inc. (Nasdaq:SIGM)  and SiRF Technology Holdings Inc. (Nasdaq:SIRF) 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 $100 million and $750 million:

Biggest percentage gainers:

• Packeteer Inc. (Nasdaq:PKTR) up 13% on news that it will be acquired by Blue Coat Systems for $268 million.

• North American Galvanizing & Coatings Inc. (Nasdaq:NGA), up 10% on news that first-quarter earnings beat the consensus on Wall Street, while revenues met.

• Shengdatech, Inc. (Nasdaq:SDTH), up 4%.

Biggest percentage losers:

• Aladdin Knowledge Systems Ltd. (Nasdaq:ALDN) down 11% on news that it reported first-quarter earnings that missed analysts’ estimates by a penny and news that it lowered its fiscal 2008 earnings estimate.

• TierOne Corp. (Nasdaq:TONE), down 2%.

• Hoku Scientific, Inc. (Nasdaq:HOKU), down 1.5%.

Shares of Packeteer, Inc. (Nasdaq:PKTR) are on the uptick in pre-market trading after the provider of WAN optimization and WAN traffic prioritization technologies reported this morning that it will be acquired by WAN application delivery and secure web gateway provider Blue Coat Systems, Inc. (Nasdaq:BCSI) for $7.10 per share in cash, or approximately $268 million.

Shares gained 13%, or $0.81, to $6.99 in pre-market trading. For detailed price information and recent news stories about Horizon Lines, click PKTR.

Provider of wide area network application delivery systems Packeteer, Inc. (Nasdaq: PKTR) said after Tuesday’s close that it rejected the $5.50 per share conditional cash tender offer from Elliott Associates because the company felt it could create greater value with its own operations alone. The company said it is continuing to evaluate strategic alternatives.

Shares gained 5.2%, or $0.27, to $5.50 just before the opening bell. . For detailed price information and recent news stories about Packeteer, click PKTR. 

The Russell 2000 (NYSE: IWM) and the Dow are higher following news of generally bullish economic reports.

At 11:56 a.m. ET, the small-cap index had added 4.07 points, or 0.60%, to 685.05. The Dow Jones Industrial Average (INDU) was up 82.96 points, or 0.68%, to 12,296.76.

Small-cap stocks are in the green following news that fourth-quarter productivity was revised up while the U.S. services sector contracted less than expected in February.

The U.S. Commerce Department reported before the start of trading that business productivity grew at an annualized rate of 1.9% in the fourth-quarter of 2007, above the initial estimate of 1.8%. Economists were not expecting an upward revision.

Futures were pointing higher and stocks opened in the green. At 10 a.m. ET, the Institute of Supply Management gave stocks a boost when it reported that its index of non-manufacturing activity increased to a reading of 49.3% in February from 44.6% in January.

That’s the second consecutive monthly decline but a better reading than the one projected by economists. The services sector comprises about 80% of U.S. gross domestic product.

CyberSource Corp. (Nasdaq: CYBS), Authorize.Net Holdings, Inc. (Nasdaq: ANET) and LaserCard Corp. (Nasdaq: LCRD) are among the biggest percentage gainers in Friday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers:

Targa Resources Partners LP (Nasdaq: NGLS), Origin Agritech Ltd. (Nasdaq: SEED) and Packeteer, Inc. (Nasdaq: PKTR) are among the most actively traded companies in Friday pre-market trading among those with market capitalizations under $750 million:

Ampex Corp. (Nasdaq: AMPX), Actions Semiconductor Co., Ltd. (Nasdaq: ACTS) and CyberSource Corp. (Nasdaq: CYBS) are the biggest percentage losers in Friday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage losers:

The Russell 2000 (NYSE: IWM) and the Dow Jones Industrial Average (INDU) are dropping on news of weak earnings reports.

At 10:03 a.m. ET the Russell 2000 was down 11.09 points, or 1.30%, to 840.76. The Dow Jones Industrial Average was down 113.40 points, or 0.81%, to 13,887.01.

Peoria, Ill.-based maker of earthmoving machines Caterpillar Inc. (NYSE: CAT) became the latest casualty of the sagging U.S. housing sector, reporting before the opening bell that its second-quarter income declined 21%.

Google Inc. (Nasdaq: GOOG) also fell short of analysts’ expectations, announcing that its quarterly profit fell due to research spending costs that shot up 88% and costs associated with the Mountain View, Calif.-based company’ aggressive hiring policy.

The following were the most actively traded companies in Friday's trading among those with market capitalizations under $500 million:

Packeteer, Inc. (NASDAQ: PKTR), Local.com Corp. (Nasdaq: LOCM) and Avici Systems Inc. (Nasdaq: AVCI) were among the most actively traded companies in Friday pre-market trading among those with market capitalizations under $500 million:

The Russell 2000 index and the Dow have opened in the green following news of the latest in corporate deal-making.

At 10:00 a.m. ET the Russell 2000 had added 6.35 points, or 0.76 percent, to 840.05. Dow Jones Industrial Average was up 79.99 points, or 0.60 percent, to 13,488.61.

Oklahoma City-based wireless communications company Dobson Communications Corp. (Nasdaq: DCEL) will be purchased by giant AT&T. Inc. for $2.8 billion, or $13 a share, according to an announcement after Friday’s close.

Elsewhere, the Carlyle Group announced this morning that it’s paying $6.3 billion for Toledo, Ohio-based nursing home operator Manor Care Inc. (NYSE: HCR).

The following were the most actively traded companies in Monday's trading among those with market capitalizations under $500 million:

The Russell 2000 and the other major U.S. indices fell, wiping out early gains following a shakeup in the financial sector. The Russell 2000 lost 5.33 points, or 0.64%, to finish at 833.70. The Dow Jones Industrial Average fell 13.66 points, or 0.10%, to 13,408.62.

The positive momentum that dominated on Wall Street for much of the day quickly lost speed and went into reverse following news that the mess in the subprime mortgage sector took its first high-profile casualty.

The head of Bear Stearns Co.’s (NYSE: BSC) asset management unit was replaced today, no doubt as a consequence of the recent meltdown of two prominent hedge funds that had made their investments in debt backed by subprime mortgages.

Packeteer, Inc. (Nasdaq: PKTR) said the IRS claims the computer network company owes additional taxes and penalties of approximately $171 million.

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

The Russell 2000 index and the Dow are in positive territory following news that U.S. personal incomes and consumer spending both grew in May, albeit less than expected.

At 10:08 a.m. ET the Russell 2000 had added 5.84 points, or 0.70 percent, to 844.87. Dow Jones Industrial Average was up 90.96 points, or 0.68 percent, to 13,513.24.

Personal income rose at a rate of 0.5% in May, the U.S. Commerce Department said before the opening. Economists were looking for a rise of 0.6%. Personal income fell 0.2% in April.

Consumer spending added 0.5% in May, below the forecast rise of 0.7%.

Investors’ upbeat attitude is probably mostly due to news that the price index for personal consumption expenditures, a key inflation indicator, rose just 0.5% in May. The so-called “core” index, which excludes food and energy, added a miniscule 0.1% in May, and only 1.9% from a year earlier.

The major U.S. indices are on pace to recover some of their losses from three consecutive days of sell-offs. At 2:45 ET the Russell 2000 had added 7.08 points, or 0.86%, to 832.40. The Dow Jones Industrial Average had lost 83.22 points, or 0.63%, to 13,349.95.

Shares of China GrenTech Corp. (Nasdaq: GRRF) are trading higher following news the maker of wireless coverage products has won two bids to supply equipment.

U.S. stocks are rising after a three-day break following news of the latest corporate deal-making.

At 9:59 a.m. ET the Russell 2000 had gained 6.69 points, or 0.81 percent, to 836.62.  Dow Jones Industrial Average was up 47.30 points, or 0.35 percent, to 13,554.58.

The Royal Bank of Scotland has launched a $95.5 billion for Amsterdam-based bank ABN Amro.  That beats a previous rival offer from England’s Barclays.

Elsewhere, German automaker BMW is interested in buying Ford Motor Co.’s Swedish unit Volvo, according to news reports this morning.

Canadian aluminum manufacturer Alcan Inc. (NYSE: AL), which rejected a bid from Pittsburgh, Pa.-based Alcoa Inc. (NYSE: AA), may receive offers from Norway’s Norsk Hydro ASA (NYSE: NHY) and England mining company Rio Tinto plc (NYSE: RTP), according to news reports over the weekend.

The following were the most actively traded companies in Tuesday's trading among those with market capitalizations under $500 million:

Shares of Packateer Inc. (Nasdaq: PKTR) climbed this morning despite posting a net loss for the first quarter, when 11 analysts polled by Thomson First Call had expected earnings of $0.01 per share.

The Cupertino, Calif.-based information technology provider did top revenue expectations – reporting sales of $34.7 million for the quarter ended March 31, versus estimates of $32 million in revenue.

The news prompted JMP Securities to upgrade its rating on the stock to “Market Perform” from “Market Underperform.”

Despite the fact that revenues topped analysts’ estimates, the company pointed out that they had decreased sequentially from the $42.7 million reported in the fourth quarter 2006.

Packateer CEO Dave Cote said the revenue shortfall was mainly due to “longer product evaluations and proof of concept trials performed by various customers” that was a result of “an increasingly competitive marketplace,” and the firm’s inability to deliver several product enhancements by the end of the quarter.

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

Shares of Nabi Biopharmaceuticals (Nasdaq: NABI) climbed $0.35, or 6.3%, to $5.88 in after-hours trading today on news of the firm’s plans to sell its Aloprim for Injection product to Ireland’s Bioniche Teoranta for $3.7 million. Boca Raton, Fla.-based Nabi will receive $1.3 million when the deal closes sometime in the second quarter, and another $1 million at the end of 2008.

RightNow Technologies’ (Nasdaq: RNOW) stock dipped $1.26, or nearly 7%, late today despite reporting first quarter income and revenue that topped analysts’ estimates. Looking ahead, the Bozeman, Mt.,-based software company estimate that its second quarter results would fall below analysts’ expectations.
 
Shares of Stamps.com (Nasdaq: STMP) fell $1.05, or nearly 7%, on heavy volume in after-hours trading today after the Los Angeles, Calif.,-based provider of Internet-based postage services reported decreased first quarter revenue. Earnings per share of $0.14, however, were in line with the expectations of four analysts polled by Thomson First Call.

Zhone Technologies Inc.’s (Nasdaq: ZHNE) stock dropped $0.17, or 11.5%, to $1.31 in after-hours trading today despite the news that the Oakland, Calif.-based advanced communications equipment provider had met analysts’ earnings estimates while exceeding revenue expectations. Zhone earned $4.8 million, or $0.03 per share, on revenue of $43.1 million for the quarter ended March 31. Four analysts polled by Thomson First Call had estimated a net loss of 3 cents per share on revenue of $41.8 million.

Shares of Packateer Inc. (Nasdaq: PKTR) rose by $0.22, or 2.5%, to $9 in after-hours trading today despite the Cupertino, Calif.-based WAN application delivery company posting a net loss for the first quarter when 11 analysts polled by Thomson First Call had expected earnings of $0.01 per share. The firm topped revenue expectations – reporting sales of $34.7 million for the quarter ended March 31 versus estimates of $32 million in revenue.

April 4 (SmallCapInvestor.com) – Small cap stocks closed marginally lower today, following news of a worse-than-expected rise in factories orders and a slowdown in the U.S. services sector. Shares of Packeteer, Inc. (Nasdaq: PKTR) lost big on news of a lower first-quarter forecast, while BioVeris Corporation (Nasdaq: BIOV) soared on news it’s being bought by Roche Holding.

April 4 (SmallCapInvestor.com) – Small cap stocks are lower this morning following news of weaker-than-expected factory orders. Shares of the Greenbrier Companies (NYSE: GBX) fell after the company reported a loss in the second quarter, while Packeteer, Inc. (Nasdaq: PKTR) lowered its first quarter revenue projection.