Unusual 11 Mid-Day Movers 09/07: (JVA) (ZQK) (SYSW) Higher; (ADNC) (ENVI) (P) Lower
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Audience, Inc. (Nasdaq: ADNC) 68.2% LOWER; provided an update on the prospects for use of its processor intellectual property (processor IP) in the next generation mobile phone release of a large OEM customer. Additionally, Audience provided an update to its business outlook for the third quarter of 2012. Audience sells processors and licenses its processor IP to Apple Inc. (Nasdaq: AAPL) and certain of its subsidiaries (collectively, OEM) for inclusion in the OEM's mobile phones pursuant to a Master Development and Supply Agreement (MDSA). Pursuant to a statement of work under the MDSA, amended in March 2012, Audience developed and licensed a new generation of processor IP for use in the OEM's devices. However, the OEM is not obligated to use Audience's processor IP.
Coffee Holding Co.Inc. (Nasdaq: JVA) 21.5% HIGHER; could be moving on Lazard Capitals new Buy rating on Green Mountain (Nasdaq: GMCR) earlier.
Quiksilver, Inc. (NYSE: ZQK) 20.6% HIGHER; reported Q2 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $512.44 million versus the consensus estimate of $527.18 million.
Envivio (Nasdaq: ENVI) 20.5% LOWER; reported Q2 EPS of ($0.13), $0.02 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $10.8 million versus the consensus estimate of $10.66 million. Sees Q3 2013 loss of ($0.16) - ($0.12) per share, versus the consensus of ($0.09). Also sees Q3 2013 revenue of $10.0 - $11.0 million, versus the consensus of $11.88 million.
Pandora (NYSE: P) 18.4% LOWER; lower as Apple might launch competing music service.
SYSWIN Inc. (NYSE: SYSW) 18.1% HIGHER; announced that its Board of Directors has received a preliminary non-binding proposal letter dated September 7, 2012 from Mr. Liangsheng Chen ("Mr. Chen"), Chief Executive Officer, President and a director of the Company, to acquire all of the outstanding shares of the Company not currently owned by him and his affiliates in a going private transaction for US$0.50 per ordinary share and US$2.00 per American Depositary Share ("ADS", each ADS representing 4 ordinary shares) in cash.
Cell Therapeutics, Inc. (Nasdaq: CTIC) 17.3% HIGHER; continuing higher above the $2 level on sentiment today. The pharma will be presenting data from Pixuvri launch and pacritinib pivotal trial status at the Annual Rodman & Renshaw Global Investment Conference on Sept. 11th. The company reported results from its annual meeting late last Friday.
Mechel OAO (NYSE: MTL) 15.7% HIGHER; ripping on new China spending plans.
Infoblox (NYSE: BLOX) 14.0% LOWER; reported Q4 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $45.1 million versus the consensus estimate of $43.54 million. Sees Q1 2013 EPS of $0.00, versus the consensus of $0.00 and revenue of $45-$46.5 million, versus the consensus of $44.68 million. Also sees FY2013 EPS of $0.04-$0.07, versus the consensus of $0.11 and revenue of $195-$202 million, versus the consensus of $194.8 million.
Smith & Wesson Holding Corp. (Nasdaq: SWHC) 13.9% HIGHER; reported Q1 EPS of $0.28, $0.10 better than the analyst estimate of $0.18. Revenue for the quarter came in at $136 million versus the consensus estimate of $128.74 million. Sees Q2 2013 EPS of $0.19-$0.21, versus the consensus of $0.13 and revenue of $130-$135 million, versus the consensus of $119 million. Also sees FY2013 EPS of $0.85-$0.90, versus the consensus of $0.63 and revenue of $530-$540 million, versus the consensus of $498.2 million.
Tangoe, Inc. (Nasdaq: TNGO) 12.4% LOWER; continuing lower on a negative report Thursday.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
Coffee Holding Co.Inc. (Nasdaq: JVA) 21.5% HIGHER; could be moving on Lazard Capitals new Buy rating on Green Mountain (Nasdaq: GMCR) earlier.
Quiksilver, Inc. (NYSE: ZQK) 20.6% HIGHER; reported Q2 EPS of $0.08, $0.03 better than the analyst estimate of $0.05. Revenue for the quarter came in at $512.44 million versus the consensus estimate of $527.18 million.
Envivio (Nasdaq: ENVI) 20.5% LOWER; reported Q2 EPS of ($0.13), $0.02 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $10.8 million versus the consensus estimate of $10.66 million. Sees Q3 2013 loss of ($0.16) - ($0.12) per share, versus the consensus of ($0.09). Also sees Q3 2013 revenue of $10.0 - $11.0 million, versus the consensus of $11.88 million.
Pandora (NYSE: P) 18.4% LOWER; lower as Apple might launch competing music service.
SYSWIN Inc. (NYSE: SYSW) 18.1% HIGHER; announced that its Board of Directors has received a preliminary non-binding proposal letter dated September 7, 2012 from Mr. Liangsheng Chen ("Mr. Chen"), Chief Executive Officer, President and a director of the Company, to acquire all of the outstanding shares of the Company not currently owned by him and his affiliates in a going private transaction for US$0.50 per ordinary share and US$2.00 per American Depositary Share ("ADS", each ADS representing 4 ordinary shares) in cash.
Cell Therapeutics, Inc. (Nasdaq: CTIC) 17.3% HIGHER; continuing higher above the $2 level on sentiment today. The pharma will be presenting data from Pixuvri launch and pacritinib pivotal trial status at the Annual Rodman & Renshaw Global Investment Conference on Sept. 11th. The company reported results from its annual meeting late last Friday.
Mechel OAO (NYSE: MTL) 15.7% HIGHER; ripping on new China spending plans.
Infoblox (NYSE: BLOX) 14.0% LOWER; reported Q4 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $45.1 million versus the consensus estimate of $43.54 million. Sees Q1 2013 EPS of $0.00, versus the consensus of $0.00 and revenue of $45-$46.5 million, versus the consensus of $44.68 million. Also sees FY2013 EPS of $0.04-$0.07, versus the consensus of $0.11 and revenue of $195-$202 million, versus the consensus of $194.8 million.
Smith & Wesson Holding Corp. (Nasdaq: SWHC) 13.9% HIGHER; reported Q1 EPS of $0.28, $0.10 better than the analyst estimate of $0.18. Revenue for the quarter came in at $136 million versus the consensus estimate of $128.74 million. Sees Q2 2013 EPS of $0.19-$0.21, versus the consensus of $0.13 and revenue of $130-$135 million, versus the consensus of $119 million. Also sees FY2013 EPS of $0.85-$0.90, versus the consensus of $0.63 and revenue of $530-$540 million, versus the consensus of $498.2 million.
Tangoe, Inc. (Nasdaq: TNGO) 12.4% LOWER; continuing lower on a negative report Thursday.
To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.
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