Notable 52-Week Highs and Lows of the Day 07/28: (CROX) (GMCR) (EQIX) High; (AKAM) (FBC) (CLWR) Low
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This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.
52-Week High:
52-Week High:
- Crocs Inc. (Nasdaq: CROX) high of $31.00. Crocs is higher today after a solid earnings report and increased outlook yesterday. Earnings were 61 cents per share on revs of $295.6 million, toppling views calling for earnings of 43 cents and revs of $284.64 million. Looking ahead, the company sees third quarter revenue of approximately $280 million, a 30% increase over the third quarter of 2010, and earnings approximately 40 cents per share. This is above the consensus of 32 cents and $264.15 million.
- Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) high of $107.27. Green Mountain ripping after strong second-quarter earnings. EPS was 49 cents on revs of $717.2 million, decimating views calling for EPS of 37 cents and revs of $606.8 million. Shares moved over 21 percent to the new high today.
- Equinix, Inc. (Nasdaq: EQIX) high of $107.00. Another earnings mover today. Equinix reported second-quarter EPS of $0.64, 16 cents better than the analyst estimate of $0.48. Revenue for the quarter came in at $394.9 million versus the consensus estimate of $379.73 million. Guidance was solid as well.
- Akamai Technologies Inc. (Nasdaq: AKAM) low of $23.64. Getting slammed after missing expectations for its quarterly report. Akamai reported revs of $276.99 million and EPS of 35 cents per share, compared with consensus views calling for revs of $277.98 million and earnings of 36 cents per share. Shares moved nearly 20 percent lower on the session.
- Flagstar Bancorp Inc. (NYSE: FBC) low of $0.71. Moving more today, following a 17.6 percent close yesterday. FBR Capital cut Flagstar from Outperform to Market Perform, its price target cut in half to $1.00.
- Clearwire Corporation (Nasdaq: CLWR) low of $2.13. A trifecta of bad news today: weak earnings at Sprint (NYSE: S), news Philip Falcone's LightSquared and Sprint have officially entered a 15-year deal and comments from Time Warner Cable (NYSE: TWC) CEO which said the company is not "obligated to make more investments" in the company.
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