Unusual 11 Mid-Day Movers 02/09: XETA, SWS, PRCP, DSW, WWWW Higher; SMSI, SWIR, MDMD, MOTR, CSC Lower
XETA Technologies, Inc. (Nasdaq: XETA) 41.2% HIGHER; PAETEC Holding Corp. (Nasdaq: PAET) today announced that it has signed a definitive agreement to acquire XETA for $5.50 per share in cash, or total consideration of about $61 million.
Smith Micro Software, Inc. (Nasdaq: SMSI) 36.9% LOWER; sees Q1 revenues of $15 - $20 million, well below the consensus of $35.22 million. The company also suspended its full-year 2011 revenue guidance. The Company has become aware that orders in the first quarter for our core connection manager product, primarily from a key customer, will fall below expected levels.
SWS Group, Inc. (NYSE: SWS) 32.9% HIGHER; reported Q2 loss of $0.01, $0.08 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $90.3 million versus the consensus estimate of $95.17 million.
Sierra Wireless Inc. (Nasdaq: SWIR) 25.8% LOWER; reported Q4 EPS of $0.16, 7 cents worse than the analyst estimate of $0.23. Revenue for the quarter came in at $167.2 million versus the consensus estimate of $174.12 million. SWIR sees Q111 loss of ($0.06) - ($0.00), versus the consensus of $0.15. Sees sales of $140 - $145 million, versus the consensus of $167.92 million.
Motricity, Inc. (Nasdaq: MOTR) 23.0% LOWER; reported Q4 EPS of $0.14, 1 cent better than the analyst estimate of $0.13. Revenue for the quarter came in at $36 million versus the consensus estimate of $35.65 million. Motricity sees Q111 revenue of $32 - $33 million, versus the consensus of $42.23 million. Motricity sees FY11 revenue of $170 - $180 million, versus the consensus of
$173.59 million.
Leading Brands (Nasdaq: LBIX) 19.5% HIGHER; not hearing any company-specific news that would justify today's sharp move higher. Notably, Coca-Cola (NYSE: KO) reported quarterly earnings this morning and the stock is up about 0.5% today. The stock pushed over the $3.50 level today and volume is extremely heavy.
Perceptron, Inc. (NASDAQ: PRCP) 19.4% HIGHER; reported Q2 EPS of $0.11, $0.13 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $16.3 million versus the consensus estimate of $13.51 million.
DSW Inc. (NYSE: DSW) 17.0% HIGHER; and Retail Ventures, Inc. announced that they have signed a definitive merger agreement whereby Retail Ventures will become a wholly-owned subsidiary of DSW in a tax-free exchange of shares at an exchange ratio of 0.435 DSW shares per each RVI share. DSW will effectively retire the 27.4 million class B shares currently owned by RVI (approximately 62% of DSW's fully diluted shares outstanding). As a result of the merger, the separate corporate existence of RVI will cease and the surviving entity will continue as a wholly owned subsidiary of DSW. Reports Q4 comps rose 14.9%. Raises its FY11 EPS guidance from $2.30-$2.40 to $2.38-$2.42.
Web.com Group, Inc. (Nasdaq: WWWW) 15.4% HIGHER; reported Q4 EPS of $0.24, 7 cents better than the analyst estimate of $0.17. Revenue for the quarter came in at $37.6 million versus the consensus estimate of $41.6 million.
MediaMind Technologies Inc. (NASDAQ: MDMD) 15.3% LOWER; reported Q4 EPS of $0.30, $0.02 better than the analyst estimate of $0.28. Revenue for the quarter came in at $25.9 million versus the consensus estimate of $25.7 million. Sees Q1 2011 EPS of $0.07, versus the consensus of $0.07. MediaMind Technologies Inc. sees Q1 2011 revenue of $18.1-$19.1 million, versus the consensus of $19.03 million.
Computer Sciences Corporation (NYSE: CSC) 14.3 LOWER; reported Q3 EPS of $1.54, $0.06 better than the analyst estimate of $1.48. Revenue for the quarter came in at $4.01 billion versus the consensus estimate of $4.16 billion. CSC lowers FY11 EPS from $5.35 - $5.45 to $5.20, versus the consensus of $5.39. CSC lowers FY11 revenue from $16.5 - $17 billion to $16.2 billion, versus the consensus of $16.56 billion.
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Smith Micro Software, Inc. (Nasdaq: SMSI) 36.9% LOWER; sees Q1 revenues of $15 - $20 million, well below the consensus of $35.22 million. The company also suspended its full-year 2011 revenue guidance. The Company has become aware that orders in the first quarter for our core connection manager product, primarily from a key customer, will fall below expected levels.
SWS Group, Inc. (NYSE: SWS) 32.9% HIGHER; reported Q2 loss of $0.01, $0.08 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $90.3 million versus the consensus estimate of $95.17 million.
Sierra Wireless Inc. (Nasdaq: SWIR) 25.8% LOWER; reported Q4 EPS of $0.16, 7 cents worse than the analyst estimate of $0.23. Revenue for the quarter came in at $167.2 million versus the consensus estimate of $174.12 million. SWIR sees Q111 loss of ($0.06) - ($0.00), versus the consensus of $0.15. Sees sales of $140 - $145 million, versus the consensus of $167.92 million.
Motricity, Inc. (Nasdaq: MOTR) 23.0% LOWER; reported Q4 EPS of $0.14, 1 cent better than the analyst estimate of $0.13. Revenue for the quarter came in at $36 million versus the consensus estimate of $35.65 million. Motricity sees Q111 revenue of $32 - $33 million, versus the consensus of $42.23 million. Motricity sees FY11 revenue of $170 - $180 million, versus the consensus of
$173.59 million.
Leading Brands (Nasdaq: LBIX) 19.5% HIGHER; not hearing any company-specific news that would justify today's sharp move higher. Notably, Coca-Cola (NYSE: KO) reported quarterly earnings this morning and the stock is up about 0.5% today. The stock pushed over the $3.50 level today and volume is extremely heavy.
Perceptron, Inc. (NASDAQ: PRCP) 19.4% HIGHER; reported Q2 EPS of $0.11, $0.13 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $16.3 million versus the consensus estimate of $13.51 million.
DSW Inc. (NYSE: DSW) 17.0% HIGHER; and Retail Ventures, Inc. announced that they have signed a definitive merger agreement whereby Retail Ventures will become a wholly-owned subsidiary of DSW in a tax-free exchange of shares at an exchange ratio of 0.435 DSW shares per each RVI share. DSW will effectively retire the 27.4 million class B shares currently owned by RVI (approximately 62% of DSW's fully diluted shares outstanding). As a result of the merger, the separate corporate existence of RVI will cease and the surviving entity will continue as a wholly owned subsidiary of DSW. Reports Q4 comps rose 14.9%. Raises its FY11 EPS guidance from $2.30-$2.40 to $2.38-$2.42.
Web.com Group, Inc. (Nasdaq: WWWW) 15.4% HIGHER; reported Q4 EPS of $0.24, 7 cents better than the analyst estimate of $0.17. Revenue for the quarter came in at $37.6 million versus the consensus estimate of $41.6 million.
MediaMind Technologies Inc. (NASDAQ: MDMD) 15.3% LOWER; reported Q4 EPS of $0.30, $0.02 better than the analyst estimate of $0.28. Revenue for the quarter came in at $25.9 million versus the consensus estimate of $25.7 million. Sees Q1 2011 EPS of $0.07, versus the consensus of $0.07. MediaMind Technologies Inc. sees Q1 2011 revenue of $18.1-$19.1 million, versus the consensus of $19.03 million.
Computer Sciences Corporation (NYSE: CSC) 14.3 LOWER; reported Q3 EPS of $1.54, $0.06 better than the analyst estimate of $1.48. Revenue for the quarter came in at $4.01 billion versus the consensus estimate of $4.16 billion. CSC lowers FY11 EPS from $5.35 - $5.45 to $5.20, versus the consensus of $5.39. CSC lowers FY11 revenue from $16.5 - $17 billion to $16.2 billion, versus the consensus of $16.56 billion.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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