Unusual 11 Mid-Day Movers 06/25: (CBMX) (MEET) (OXF) Higher; (DMD) (BKS) (MITK) Lower
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CombiMatrix Corporation (Nasdaq: CBMX) 60.0% HIGHER; announced that its chromosomal microarray analysis (CMA) test for miscarriage analysis has received conditional approval from the New York State's Department of Health for testing on patient samples from the state. With nearly 20 million people, New York is the third most populated state in the nation, behind only California and Texas.
MeetMe, Inc. (AMEX: MEET) 41.4% HIGHER; announced that it is now expecting second quarter revenue of approximately $9.0 million, up approximately 15 percent on a sequential basis. The company previously indicated that it expected revenues to be flat on a sequential basis. Street consensus called for revs of $7.9 million.
Oxford Resource Partners, LP (NYSE: OXF) 25.2% HIGHER; has closed on $175 million of new credit facilities that replace its previous term loan and revolving credit facility, thereby extending the maturity profile of the Partnership's debt and increasing availability under its revolver. The new facilities, which are secured by substantially all of the assets of the Partnership and its wholly owned subsidiaries, consist of a first lien $75 million term loan and $25 million revolving credit facility arranged by Cerberus Capital Management, L.P., and a second lien $75 million term loan arranged by Tennenbaum Capital Partners, LLC.
Demand Media (NYSE: DMD) 20.8% LOWER; is updating its previous outlook for the second quarter of 2013, issued May 7, 2013 as follows: Demand Media expects revenue to be in the range of $100.0 million to $101.0 million, and revenue ex-TAC to be in the range of $95.5 million to $96.5 million, due to a reduction in search engine referral traffic to its Owned & Operated sites in May and June 2013. The Company expects Adjusted EBITDA to be in the range of $26.0 million to $27.0 million. The Company is reaffirming its expectation for Adjusted Earnings Per Share in the range of $0.08 to $0.09. The Company expects the weighted average diluted share count to be 88.0 million to 89.0 million. The Street sees revs of $101.7 million and EPS of $0.10.
Barnes & Noble, Inc. (NYSE: BKS) 18.0% LOWER; reported Q4 EPS of ($2.11), versus the analyst estimate of ($0.96). Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.33 billion. For more color, click here. For more on NOOK expectations, click here.
Crown Media Holdings Inc. (Nasdaq: CRWN) 17.3% HIGHER; Hallmark said it is evaluating its investment in Crown, which may include a "go private" transaction.
Mitek Systems, Inc. (Nasdaq: MITK) 16.9% LOWER; announced the pricing of an underwritten public offering of 2,857,142 shares of its common stock at a purchase price of $5.25 per share. The gross proceeds to Mitek from this offering are expected to be approximately $15,000,000, before deducting underwriting discounts and other estimated offering expenses. Mitek has granted the underwriters a 30-day option to purchase up to an aggregate of 428,571 additional shares of common stock to cover overallotments, if any. All of the shares in the offering are to be sold by Mitek.
American Vanguard (NYSE: AVD) 15.7% LOWER; expects the recent wet weather in the Midwest and Southeast United States to affect its second quarter financial performance. Accordingly, the Company anticipates that results for the second quarter of 2013 will not meet the consensus revenue or earnings expectations published by research analysts covering the Company.
YRC Worldwide (Nasdaq: YRCW) 15.4% HIGHER; Standpoint Research started coverage on the stock with a Buy rating and $50 price target.
Allot Communications Ltd. (Nasdaq: ALLT) 15.0% HIGHER; announced securing orders from three of the world's top ten telecommunication operators to assist in their LTE network rollouts. The three orders underscore Allot's position as one of the world's leading providers of service optimization solutions for 4G/LTE.
Genomic Health Inc. (Nasdaq: GHDX) 8.4% LOWER; Goldman Sachs downgraded the stock from Neutral to Sell today.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
MeetMe, Inc. (AMEX: MEET) 41.4% HIGHER; announced that it is now expecting second quarter revenue of approximately $9.0 million, up approximately 15 percent on a sequential basis. The company previously indicated that it expected revenues to be flat on a sequential basis. Street consensus called for revs of $7.9 million.
Oxford Resource Partners, LP (NYSE: OXF) 25.2% HIGHER; has closed on $175 million of new credit facilities that replace its previous term loan and revolving credit facility, thereby extending the maturity profile of the Partnership's debt and increasing availability under its revolver. The new facilities, which are secured by substantially all of the assets of the Partnership and its wholly owned subsidiaries, consist of a first lien $75 million term loan and $25 million revolving credit facility arranged by Cerberus Capital Management, L.P., and a second lien $75 million term loan arranged by Tennenbaum Capital Partners, LLC.
Demand Media (NYSE: DMD) 20.8% LOWER; is updating its previous outlook for the second quarter of 2013, issued May 7, 2013 as follows: Demand Media expects revenue to be in the range of $100.0 million to $101.0 million, and revenue ex-TAC to be in the range of $95.5 million to $96.5 million, due to a reduction in search engine referral traffic to its Owned & Operated sites in May and June 2013. The Company expects Adjusted EBITDA to be in the range of $26.0 million to $27.0 million. The Company is reaffirming its expectation for Adjusted Earnings Per Share in the range of $0.08 to $0.09. The Company expects the weighted average diluted share count to be 88.0 million to 89.0 million. The Street sees revs of $101.7 million and EPS of $0.10.
Barnes & Noble, Inc. (NYSE: BKS) 18.0% LOWER; reported Q4 EPS of ($2.11), versus the analyst estimate of ($0.96). Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.33 billion. For more color, click here. For more on NOOK expectations, click here.
Crown Media Holdings Inc. (Nasdaq: CRWN) 17.3% HIGHER; Hallmark said it is evaluating its investment in Crown, which may include a "go private" transaction.
Mitek Systems, Inc. (Nasdaq: MITK) 16.9% LOWER; announced the pricing of an underwritten public offering of 2,857,142 shares of its common stock at a purchase price of $5.25 per share. The gross proceeds to Mitek from this offering are expected to be approximately $15,000,000, before deducting underwriting discounts and other estimated offering expenses. Mitek has granted the underwriters a 30-day option to purchase up to an aggregate of 428,571 additional shares of common stock to cover overallotments, if any. All of the shares in the offering are to be sold by Mitek.
American Vanguard (NYSE: AVD) 15.7% LOWER; expects the recent wet weather in the Midwest and Southeast United States to affect its second quarter financial performance. Accordingly, the Company anticipates that results for the second quarter of 2013 will not meet the consensus revenue or earnings expectations published by research analysts covering the Company.
YRC Worldwide (Nasdaq: YRCW) 15.4% HIGHER; Standpoint Research started coverage on the stock with a Buy rating and $50 price target.
Allot Communications Ltd. (Nasdaq: ALLT) 15.0% HIGHER; announced securing orders from three of the world's top ten telecommunication operators to assist in their LTE network rollouts. The three orders underscore Allot's position as one of the world's leading providers of service optimization solutions for 4G/LTE.
Genomic Health Inc. (Nasdaq: GHDX) 8.4% LOWER; Goldman Sachs downgraded the stock from Neutral to Sell today.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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