Morning Movers 1/29: EDGR, OKSB, BNE, ISSI, ARBA Higher; YTEC, SHIP, GIGA, QTM, CPSI, OCCF Lower
YTEC Hot Sheet
EPS Growth %: -50.0%
Yucheng Technologies Ltd (NASDAQ: YTEC) 39.6% LOWER; reports Q4 loss of $0.26, which may not compre to the analyst estimate of $0.41. Revenue for the quarter was $11.2 million. Sees FY10 revs of $65 - $68 million, and non-GAAP EPS of $0.30 - $0.36. Consensus sees revs of $84.14 million and an EPS of $0.91. Q110 revs expected to be $11.6 - $12.2 million and non-GAAP EPS of $0.08 - $0.10. Consensus sees revs of $13.51 million and EPS of $0.08.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) 30.6% LOWER; today announced that it has priced its public offering of 20,833,333 shares of common stock. The Company has granted the representatives of the underwriters a 45-day option to purchase up to an additional 3,125,000 shares of common stock to cover over-allotments. The shares were offered to the public at $1.20 per share.
EDGAR Online, Inc. (Nasdaq: EDGR) 19.6% HIGHER; today announced that it has completed an agreement for Bain Capital Ventures to purchase $12 million worth of convertible Series B Preferred Stock of the Company.
Giga-tronics Inc. (NASDAQ: GIGA) 19.3% LOWER; reports Q4 adjusted EPS of $0.07, compared to $0.06 in the same quarter last year. Revenue for the quarter was $4.78 million, versus $5.1 million in Q408.
Southwest Bancorp, Inc. (Nasdaq: OKSB) 13.5% HIGHER; reports Q4 EPS of $0.17, compared to $0.20 in the same quarter last year.
Bowne & Co. Inc. (NYSE: BNE) 12.9% HIGHER; Goldman Sachs initiates coverage on with a Buy rating and $9 price target, which represents 47% upside.
TierOne Corporation (NASDAQ: TONE) 12.6% HIGHER; announced today it has named Michael Falbo as Chairman and CEO.
Quantum Corporation (NYSE: QTM) 12.6% LOWER; reports Q3 EPS of $0.07, versus the analyst estimate of $0.09. Revenue for the quarter was $182 million, which compares to the estimate of $180.16 million.
Computer Programs & Systems Inc. (Nasdaq: CPSI) 12.3% LOWER; reports Q4 EPS of $0.33, 7 cents lower than the analyst estimate of $0.40. Revenue for the quarter was $33.8 million, which compares to the estimate of $33.97 million. The stock was also downgraded to Market Perform at Raymond James.
Optical Cable Corp. (NASDAQ: OCCF) 12.3% LOWER; reports Q4 loss of $0.34, compared to $0.36 in the same quarter last year. Revenue for the quarter was $14.1 million, versus $18.4 million in Q408.
Integrated Silicon Solution, Inc. (NASDAQ: ISSI) 12.2% HIGHER; reports Q1 EPS of $0.28 vs. consensus of $0.03 - only 1 analyst covers stocks. Revenue for the quarter was $50.6 million, which compares to the estimate of $50.60 million. The Company currently expects its revenue for the March quarter to be between $48 million and $52 million and gross margin to be between 28-32%. (Consensus is $46.30M) The Company expects net income per share to be between $0.08 and $0.12 per diluted share. (Consensus is $0.00)
Avery Dennison Corporation (NYSE: AVY) 11.7% LOWER; reports Q4 non-GAAP EPS of $0.44, versus the analyst estimate of $0.68. Revenue for the quarter was $1.52 billion, which compares to the estimate of $1.51 billion. Sees FY10 EPS of $2.70 - $3.00, if sales grow 5% or sees FY10 Sales of $2.00 - $2.30, if flat growth in sales. Consensus FY10 EPS is $2.90.
Ariba (NASDAQ: ARBA) 10.7% HIGHER; reports Q1 EPS of $0.19, 1 cent better than the analyst estimate of $0.18. Revenue for the quarter was $85.7 million, which compares to the estimate of $85.06 million. The stock was also upgraded to Buy at Craig-Hallum.
MIPS Technologies (NASDAQ: MIPS) 9.8% LOWER; reports Q2 EPS of $0.09, 1 cents better than the analyst estimate of $0.08. Revenue for the quarter was $15.2 million, which compares to the estimate of $16.59 million.
T-3 Energy Services (Nasdaq: TTES) 9.5% HIGHER; Capital One Southcoast upgrades the stock from Neutral to Add. Price target $25. Click here for more color.
Cobalt International Energy, Inc. (NYSE: CIE) 9.2% LOWER; today announced well results on its Criollo prospect, the anticipated spud dates of its exploratory wells on its Firefox and North Platte prospects, its 2010 capital program and the election of Jack Golden to Cobalt's Board of Directors. View the release for more info.
ScanSource Inc. (NASDAQ: SCSC) 9% HIGHER; reports Q2 EPS of $0.44, inline with the analyst estimate of $0.44. Revenue for the quarter was $548 million, which compares to the estimate of $518.82 million. Sees Q3 sales of $535-$555 million, versus the consensus of $484.94 million.
Cardica (NASDAQ: CRDC) 8.7% LOWER; reports a Q2 loss of $0.09, 2 cents better than the analyst estimate of ($0.11). Revenue for the quarter was $1.1 million, which compares to the estimate of $1.20 million.
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Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) 30.6% LOWER; today announced that it has priced its public offering of 20,833,333 shares of common stock. The Company has granted the representatives of the underwriters a 45-day option to purchase up to an additional 3,125,000 shares of common stock to cover over-allotments. The shares were offered to the public at $1.20 per share.
EDGAR Online, Inc. (Nasdaq: EDGR) 19.6% HIGHER; today announced that it has completed an agreement for Bain Capital Ventures to purchase $12 million worth of convertible Series B Preferred Stock of the Company.
Giga-tronics Inc. (NASDAQ: GIGA) 19.3% LOWER; reports Q4 adjusted EPS of $0.07, compared to $0.06 in the same quarter last year. Revenue for the quarter was $4.78 million, versus $5.1 million in Q408.
Southwest Bancorp, Inc. (Nasdaq: OKSB) 13.5% HIGHER; reports Q4 EPS of $0.17, compared to $0.20 in the same quarter last year.
Bowne & Co. Inc. (NYSE: BNE) 12.9% HIGHER; Goldman Sachs initiates coverage on with a Buy rating and $9 price target, which represents 47% upside.
TierOne Corporation (NASDAQ: TONE) 12.6% HIGHER; announced today it has named Michael Falbo as Chairman and CEO.
Quantum Corporation (NYSE: QTM) 12.6% LOWER; reports Q3 EPS of $0.07, versus the analyst estimate of $0.09. Revenue for the quarter was $182 million, which compares to the estimate of $180.16 million.
Computer Programs & Systems Inc. (Nasdaq: CPSI) 12.3% LOWER; reports Q4 EPS of $0.33, 7 cents lower than the analyst estimate of $0.40. Revenue for the quarter was $33.8 million, which compares to the estimate of $33.97 million. The stock was also downgraded to Market Perform at Raymond James.
Optical Cable Corp. (NASDAQ: OCCF) 12.3% LOWER; reports Q4 loss of $0.34, compared to $0.36 in the same quarter last year. Revenue for the quarter was $14.1 million, versus $18.4 million in Q408.
Integrated Silicon Solution, Inc. (NASDAQ: ISSI) 12.2% HIGHER; reports Q1 EPS of $0.28 vs. consensus of $0.03 - only 1 analyst covers stocks. Revenue for the quarter was $50.6 million, which compares to the estimate of $50.60 million. The Company currently expects its revenue for the March quarter to be between $48 million and $52 million and gross margin to be between 28-32%. (Consensus is $46.30M) The Company expects net income per share to be between $0.08 and $0.12 per diluted share. (Consensus is $0.00)
Avery Dennison Corporation (NYSE: AVY) 11.7% LOWER; reports Q4 non-GAAP EPS of $0.44, versus the analyst estimate of $0.68. Revenue for the quarter was $1.52 billion, which compares to the estimate of $1.51 billion. Sees FY10 EPS of $2.70 - $3.00, if sales grow 5% or sees FY10 Sales of $2.00 - $2.30, if flat growth in sales. Consensus FY10 EPS is $2.90.
Ariba (NASDAQ: ARBA) 10.7% HIGHER; reports Q1 EPS of $0.19, 1 cent better than the analyst estimate of $0.18. Revenue for the quarter was $85.7 million, which compares to the estimate of $85.06 million. The stock was also upgraded to Buy at Craig-Hallum.
MIPS Technologies (NASDAQ: MIPS) 9.8% LOWER; reports Q2 EPS of $0.09, 1 cents better than the analyst estimate of $0.08. Revenue for the quarter was $15.2 million, which compares to the estimate of $16.59 million.
T-3 Energy Services (Nasdaq: TTES) 9.5% HIGHER; Capital One Southcoast upgrades the stock from Neutral to Add. Price target $25. Click here for more color.
Cobalt International Energy, Inc. (NYSE: CIE) 9.2% LOWER; today announced well results on its Criollo prospect, the anticipated spud dates of its exploratory wells on its Firefox and North Platte prospects, its 2010 capital program and the election of Jack Golden to Cobalt's Board of Directors. View the release for more info.
ScanSource Inc. (NASDAQ: SCSC) 9% HIGHER; reports Q2 EPS of $0.44, inline with the analyst estimate of $0.44. Revenue for the quarter was $548 million, which compares to the estimate of $518.82 million. Sees Q3 sales of $535-$555 million, versus the consensus of $484.94 million.
Cardica (NASDAQ: CRDC) 8.7% LOWER; reports a Q2 loss of $0.09, 2 cents better than the analyst estimate of ($0.11). Revenue for the quarter was $1.1 million, which compares to the estimate of $1.20 million.
To get this report daily, visit http://www.streetinsider.com/entities/Morning+Movers.
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