Morning Movers 12/03: MVIS, ELTK, SHZ, REVU, MTSL, CASC, CIE Higher; MITL, BTH, OREX Lower
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Microvision Inc. (Nasdaq: MVIS) 28.5% HIGHER; are jumping higher today after analysts at Ticonderoga said potential new features for Apple (Nasdaq: AAPL) iPhone 5 could be including mobile digital TV and miniature embedded pico projectors.
Eltek (Nasdaq: ELTK) 22.3% HIGHER; appears to be moving on technicals today. Resistance seemed to be around the $1.35 area. Shares are up 30% this week including today's move higher.
China Shen Zhou Mining & Resources, Inc. (Amex: SHZ) 21.2% HIGHER; has set revenue guidance for the 2010 year, and both operational and financial guidance for the next year to end December 31, 2011. For the 2010 year, net revenues are expected to grow organically to approximately $14.5 million compared with $4.2 million in 2009. For 2011, China Shen Zhou expects production to reach approximately 60,000 metric tons of fluorite powder and approximately 40,000 metric tons of fluorite lumps. Click here to see the full report.
Princeton Review (Nasdaq: REVU) 16.8% HIGHER; continuing to push over the $1 level today. Shares rose nearly 10% yesterday on heavy volume.
MER Telemanagement Solutions (Nasdaq: MTSL) 16.7% HIGHER; this momentum stock has pushed over the $3 level this week, and nearly over the $4 level today. The stock surged about 50% yesterday on no news.
Cascade Corp. (Nasdaq: CASC) 15.6% HIGHER; reports Q3 EPS of $0.79, 16 cents better than the analyst estimate of $0.63. Revenue for the quarter came in at $107.4 million, versus the consensus estimate of $99.80 million.
Mitel Networks (Nasdaq: MITL) 13.1% LOWER; reports Q2 EPS of $0.16, ex-items, 1 cent lower than the analyst estimate of $0.17. Revenue for the quarter was $161.1 million, which compares to the estimate of $161.58 million. Sees Q3 sales of $157-$162 million, which compares to the Street estimate of $163.05 million.
Cobalt International Energy (NYSE: CIE) 10.6% HIGHER; Morgan Stanley initiates coverage on the stock with a Overweight. The firm set a price target of $17.
DryShips Inc. (Nasdaq: DRYS) 10.5% HIGHER; announced that their subsidiary, Ocean Rig UDW, Inc., is intending a private placement of $500 million worth of shares of Ocean Rig's common stock. The net proceeds of the offering are expected to be used to finance the construction costs of the ultra deepwater newbuilding drillships under construction at Samsung, exercise options to build further ultra deepwater drillships and general corporate purposes.
Blyth Industries (NYSE: BTH) 10% LOWER; reports Q3 EPS of $0.31, versus the analyst estimate of $0.18. Revenue for the quarter came in at $215.5 million, versus the consensus estimate of $195.70 million. For FY11, EPS lowered from $3.05 - $3.35 to $2.80 - $3.00 and cash flow lowered from $55 million to $50 million. Consensus is looking for an EPS of $2.95.
Gentex (Nasdaq: GNTX) 9.9% HIGHER; surging amid reports that the DoT is considering requiring rear-mounted cameras on all new cars, trucks, minivans.
Orexigen Therapeutics, Inc. (Nasdaq: OREX) 9.4% LOWER; sees downside pressure after FDA briefing documents posted. Link
Savvis (NASDAQ: SVVS) 8.7% HIGHER; BofA/Merrill Lynch upgraded the stock to Buy.
Get This Report Daily Here: http://www.streetinsider.com/entities/StreetInsider.com+Morning+Movers.
Eltek (Nasdaq: ELTK) 22.3% HIGHER; appears to be moving on technicals today. Resistance seemed to be around the $1.35 area. Shares are up 30% this week including today's move higher.
China Shen Zhou Mining & Resources, Inc. (Amex: SHZ) 21.2% HIGHER; has set revenue guidance for the 2010 year, and both operational and financial guidance for the next year to end December 31, 2011. For the 2010 year, net revenues are expected to grow organically to approximately $14.5 million compared with $4.2 million in 2009. For 2011, China Shen Zhou expects production to reach approximately 60,000 metric tons of fluorite powder and approximately 40,000 metric tons of fluorite lumps. Click here to see the full report.
Princeton Review (Nasdaq: REVU) 16.8% HIGHER; continuing to push over the $1 level today. Shares rose nearly 10% yesterday on heavy volume.
MER Telemanagement Solutions (Nasdaq: MTSL) 16.7% HIGHER; this momentum stock has pushed over the $3 level this week, and nearly over the $4 level today. The stock surged about 50% yesterday on no news.
Cascade Corp. (Nasdaq: CASC) 15.6% HIGHER; reports Q3 EPS of $0.79, 16 cents better than the analyst estimate of $0.63. Revenue for the quarter came in at $107.4 million, versus the consensus estimate of $99.80 million.
Mitel Networks (Nasdaq: MITL) 13.1% LOWER; reports Q2 EPS of $0.16, ex-items, 1 cent lower than the analyst estimate of $0.17. Revenue for the quarter was $161.1 million, which compares to the estimate of $161.58 million. Sees Q3 sales of $157-$162 million, which compares to the Street estimate of $163.05 million.
Cobalt International Energy (NYSE: CIE) 10.6% HIGHER; Morgan Stanley initiates coverage on the stock with a Overweight. The firm set a price target of $17.
DryShips Inc. (Nasdaq: DRYS) 10.5% HIGHER; announced that their subsidiary, Ocean Rig UDW, Inc., is intending a private placement of $500 million worth of shares of Ocean Rig's common stock. The net proceeds of the offering are expected to be used to finance the construction costs of the ultra deepwater newbuilding drillships under construction at Samsung, exercise options to build further ultra deepwater drillships and general corporate purposes.
Blyth Industries (NYSE: BTH) 10% LOWER; reports Q3 EPS of $0.31, versus the analyst estimate of $0.18. Revenue for the quarter came in at $215.5 million, versus the consensus estimate of $195.70 million. For FY11, EPS lowered from $3.05 - $3.35 to $2.80 - $3.00 and cash flow lowered from $55 million to $50 million. Consensus is looking for an EPS of $2.95.
Gentex (Nasdaq: GNTX) 9.9% HIGHER; surging amid reports that the DoT is considering requiring rear-mounted cameras on all new cars, trucks, minivans.
Orexigen Therapeutics, Inc. (Nasdaq: OREX) 9.4% LOWER; sees downside pressure after FDA briefing documents posted. Link
Savvis (NASDAQ: SVVS) 8.7% HIGHER; BofA/Merrill Lynch upgraded the stock to Buy.
Get This Report Daily Here: http://www.streetinsider.com/entities/StreetInsider.com+Morning+Movers.
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