Morning Movers 6/16: VOXW, EMKR, LZB, HOV, ALVR, MRNA Higher; SURG, AHT, FCEL Lower
Voxware, Inc. (NASDAQ: VOXW) 42.9% HIGHER; announced that Somerfield Stores, the UK high street supermarket company, has deployed a major expansion of voice picking technology based upon the company's Voxware 3 software product. Click here for the full report.
EMCORE Corporation (Nasdaq: EMKR) 29.3% HIGHER; is seeing interst this morning announced that it has been awarded a contract to manufacture, test, and deliver solar panels for NASA's Global Precipitation Measurement spacecraft. The contract, valued at approximately $5 million, will be managed by MEI Technologies, Inc. for the NASA Goddard Space Flight Center.
La-Z-Boy Inc. (NYSE: LZB) 28.6% HIGHER; reports Q4 EPS of $0.07, ex-items, versus the analyst estimate of ($0.11) and compared to a loss of $0.05 in the same quarter last year. Revenue for the quarter was $284.5 million, versus the consensus of $297.38 million.
Synergetics USA, Inc. (NASDAQ: SURG) 18.2% LOWER; reports Q3 EPS of $0.02, compared to $0.05 in the same quarter last year. Revenue for the quarter was $13.2 million, versus $13.5 million in Q308.
Ashford Hospitality Trust (NYSE: AHT) 16.4% LOWER; Baird downgrades the stock from Neutral to Underperform. Price target $2.
FuelCell Energy, Inc. (Nasdaq: FCEL) 15% LOWER; announced today that it entered into definitive agreements to sell 6.7 million shares of its common stock at $3.59 per share in a registered direct offering. The transaction is expected to close on June 19, 2009, subject to customary closing conditions.
Hovnanian Enterprises (NYSE: HOV) 12.5% HIGHER; the homebuilding sector is performing well this morning following better than expected May Housing Starts data: 532,000, which compares to the Street consensus of 485,000. Also building permits came in at 518,000, which compares to the consensus of 508,000.
Alvarion Ltd. (Nasdaq: ALVR) 12.4% HIGHER; jumping on overseas trading on reports the company won a contract worth up to $100 million. The reports came from the Calcalilst newspaper.
MDRNA, Inc. (NASDAQ: MRNA) 11.7% HIGHER; announced that it has repaid all of its remaining debt to General Electric (NYSE: GE) Capital Corporation under the January 2009 Loan and Security Agreement. Click here for the full report.
Hanmi Financial (Nasdaq: HAFC) 11.5% HIGHER; continuing higher today following a 35% surge yesterday on news that it has raised up to $11 million from a Korean investor.
SMART Modular Technologies (Nasdaq: SMOD) 11.1% HIGHER; Needham & Co upgrades the stock from Hold to Buy with a $4.50 price target.
ARYx Therapeutics Inc. (NASDAQ: ARYX) 11% HIGHER; announced that the database for the EmbraceAC study has been locked and the study remains on schedule, with the efficacy and safety results to be available during the week of July 6, 2009. Click here for the full report.
Standard Pacific (NYSE: SPF) 10.7% HIGHER; see Hovnanian.
Alexza Pharmaceuticals, Inc. (Nasdaq: ALXA) 10.5% HIGHER; announced today that it has exercised its option to purchase all of the equity of Symphony Allegro. The purchase of Symphony Allegro, which is subject to Alexza stockholder approval, is projected to close in Q3 2009. Click here for the full report.
Tyco Electronics Ltd. (NYSE: TEL) 10.2% HIGHER; raises its Q3 sales guidance from $2.35-$2.45 billion to $2.45-$2.55 billion, versus the consensus of $2.40 billion. Non-GAAP EPS for the quarter move from $0.01-$0.06 to $0.10-$0.17, which compares to the Street estimate of $0.03.
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