Morning Movers 9/11: CMRO, DSCO, SPDE, AXL, CPE Higher; CMZ, RNWK, CPN, BRC Lower

September 11, 2009 9:35 AM EDT

COMARCO (Nasdaq: CMRO) 52.9% HIGHER; reports Q2 loss of $0.09, versus the analyst estimate of ($0.27). Revenue for the quarter was $7.6 million, versus the consensus of $2.68 million.

Discovery Laboratories, Inc. (Nasdaq: DSCO) 52.1% HIGHER; the company received written notification from the FDA that a meeting has been scheduled for September 29, 2009. Click here for the full report.

Speedus Corp. (Nasdaq: SPDE) 50% HIGHER; Density Dynamics, a majority owned subsidiary of Speedus, announced today it has signed an International Representation agreement covering India with Graphay, Inc.

American Axle (NYSE: AXL) 17.3% HIGHER; Barclays is out with a major call on upgrading the shares to Overweight from Equal-Weight while raising their price target to $13 (prev. $8). Click here for the full report.

Compton Petroleum Corporation (NYSE: CMZ) 15.7% LOWER; announced last night that it has filed a preliminary short form prospectus in each of the provinces of Canada, except Quebec, in connection with a potential public offering of units of Compton. Each Unit will consist of one common share in the capital of Compton and one full common share purchase warrant of Compton, as determined in the context of the market.

Callon Petroleum Company (NYSE: CPE) 12.1% HIGHER; announced it has signed a purchase and sale agreement with Ambrose Energy I, Ltd., a subsidiary of ExL Petroleum, LP, to acquire their interests in 22 producing wells located in Crockett, Ector, Midland and Upton Counties, Texas, for $16.25 million. Click here to see the full report.

Quidel Corporation (NASDAQ: QDEL) 11.8% HIGHER; announced after the close that it currently anticipates its highest quarterly revenue and operating income in its history, driven by global shipments of its QuickVue(R) Influenza A+B tests in the third quarter of 2009. Click here to see the full report.

RealNetworks (Nasdaq: RNWK) 5.5% LOWER; J.P. Morgan downgrades from Neutral to Underweight.

Calpine (NYSE: CPN) 5.4% LOWER; Barclays downgrades the stock from Equalweight to Underweight. Price target $9.

Brady Corp. (NYSE: BRC) 5% LOWER; reports Q4 EPS of $0.43, ex-items, 1 cent better than the analyst estimate of $0.42. Revenue for the quarter was $287.2 million, versus the consensus of $291.33 million. Sees FY10 EPS of $1.60-$1.80, versus the consensus of $1.78. Sees FY sales at or near current level through 1H.

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