Unusual 11 Mid-Day Movers 09/01: (LQDT) (CIEN) (GLUU) Higher; (CWTR) (FTWR) (SAI) Lower
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Liquidity Services, Inc. (Nasdaq: LQDT) 24.1% HIGHER; has agreed to acquire the consumer goods remarketing business of Jacobs Trading Company (Jacobs Trading) for $140 million plus potential performance-based consideration.
Ciena Corporation (Nasdaq: CIEN) 19.4% HIGHER; reported Q3 EPS of $0.08, 16 cents better than the analyst estimate of ($0.08). Revenue for the quarter came in at $435.3 million versus the consensus estimate of $443.25 million. Sees Q4 sales of $440 to $460 million, which compares to the Street estimate of $474.5 million.
Glu Mobile, Inc. (Nasdaq: GLUU) 20.7% HIGHER; moving higher following an article today highlighting Glu Mobile as a possible acquisition target for Zynga.
Geron Corporation (Nasdaq: GERN) 14.2% HIGHER; could be moving higher following news from peer StemCells (Nasdaq: STEM) that it was awarded a CIRM grant.
Coldwater Creek, Inc. (Nasdaq: CWTR) 14.2% LOWER; reported Q2 loss of $0.27, versus ($0.16) reported last year. Revenue for the quarter came in at $181.4 million versus the consensus estimate of $206.46 million.
UTI Worldwide, Inc. (Nasdaq: UTIW) 14.1% HIGHER; reported Q2 EPS of $0.24, 3 cents better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.25 billion.
Crimson Exploration (Nasdaq: CXPO) 13.2% HIGHER; continuing higher this week after successfully bouncing off the 200-day moving average early Tuesday. Shares are up more than 25 percent over the last five trading sessions. The stock had trouble breaching resistance at $3.
FiberTower (Nasdaq: FTWR) 12.7% LOWER; correcting today following a 47 percent run-up yesterday as tower-related stocks had a very strong day amid news of the DoJ's complaint about the AT&T/T-Mobile deal.
SAIC, Inc. (NYSE: SAI) 12.2% LOWER; reported Q2 EPS of $0.32, 3 cents worse than the analyst estimate of $0.35. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.77 billion. Sees FY12 EPS from continuing operations of $1.30 to $1.40, which compares to the Street estimate of $1.43. Sees sales of $10.6 to $11.0 billion, versus consensus of $11.2 billion.
Methode Electronics (NYSE: MEI) 10.4% LOWER; reported Q1 GAAP EPS of $0.04, which may not compare with the analyst estimate of $0.10. Revenue for the quarter came in at $110.8 million versus the consensus estimate of $110.3 million.
Greif Inc. (NYSE: GEF) 10.4% LOWER; reported Q3 adjusted EPS of $1.18, 15 cents worse than the analyst estimate of $1.33. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.11 billion. Greif sees FY11 EPS of $4.15 to $4.30, versus the consensus of $4.73.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Ciena Corporation (Nasdaq: CIEN) 19.4% HIGHER; reported Q3 EPS of $0.08, 16 cents better than the analyst estimate of ($0.08). Revenue for the quarter came in at $435.3 million versus the consensus estimate of $443.25 million. Sees Q4 sales of $440 to $460 million, which compares to the Street estimate of $474.5 million.
Glu Mobile, Inc. (Nasdaq: GLUU) 20.7% HIGHER; moving higher following an article today highlighting Glu Mobile as a possible acquisition target for Zynga.
Geron Corporation (Nasdaq: GERN) 14.2% HIGHER; could be moving higher following news from peer StemCells (Nasdaq: STEM) that it was awarded a CIRM grant.
Coldwater Creek, Inc. (Nasdaq: CWTR) 14.2% LOWER; reported Q2 loss of $0.27, versus ($0.16) reported last year. Revenue for the quarter came in at $181.4 million versus the consensus estimate of $206.46 million.
UTI Worldwide, Inc. (Nasdaq: UTIW) 14.1% HIGHER; reported Q2 EPS of $0.24, 3 cents better than the analyst estimate of $0.21. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.25 billion.
Crimson Exploration (Nasdaq: CXPO) 13.2% HIGHER; continuing higher this week after successfully bouncing off the 200-day moving average early Tuesday. Shares are up more than 25 percent over the last five trading sessions. The stock had trouble breaching resistance at $3.
FiberTower (Nasdaq: FTWR) 12.7% LOWER; correcting today following a 47 percent run-up yesterday as tower-related stocks had a very strong day amid news of the DoJ's complaint about the AT&T/T-Mobile deal.
SAIC, Inc. (NYSE: SAI) 12.2% LOWER; reported Q2 EPS of $0.32, 3 cents worse than the analyst estimate of $0.35. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.77 billion. Sees FY12 EPS from continuing operations of $1.30 to $1.40, which compares to the Street estimate of $1.43. Sees sales of $10.6 to $11.0 billion, versus consensus of $11.2 billion.
Methode Electronics (NYSE: MEI) 10.4% LOWER; reported Q1 GAAP EPS of $0.04, which may not compare with the analyst estimate of $0.10. Revenue for the quarter came in at $110.8 million versus the consensus estimate of $110.3 million.
Greif Inc. (NYSE: GEF) 10.4% LOWER; reported Q3 adjusted EPS of $1.18, 15 cents worse than the analyst estimate of $1.33. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.11 billion. Greif sees FY11 EPS of $4.15 to $4.30, versus the consensus of $4.73.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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