3-25-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Stocks are rallying following jobs data and positive earnings reports
Stocks rose on Thursday as technology shares were lifted after wireless chipmaker Qualcomm raised its forecast and electronics retailer Best Buy reported quarterly profit and sales that beat estimates.
Qualcomm Inc led the Nasdaq, jumping 7.7 percent to $43.28 after it raised its second-quarter earnings outlook.
Best Buy Co reported improved demand in its key holiday quarter and forecast a strong year ahead. Best Buy climbed 7.3 percent to $44.17.
The market was further boosted after the government said the number of U.S. workers filing new applications for unemployment insurance fell sharply last week.
Sovereign debt issues remained in focus ahead of a European Union summit later Thursday, as EU leaders appeared to be nearing a consensus on a way to help Greece.
The Dow Jones industrial average gained 65.15 points, or 0.60 percent, to 10,901.30. The Standard & Poor’s 500 Index rose 6.85 points, or 0.59 percent, to 1,174.57. The Nasdaq Composite Index added 18.59 points, or 0.77 percent, to 2,417.35.
Yesterday’s Top Performing Small Cap Stock:
Freshwater Technologies, Inc. (OTCBB: FWTC)
Freshwater Technologies Inc. was a SmallCapVoice.com top performer yesterday closing up over 11% on trading volume of 3,167,247shares.
FreshWater Technologies is an international marketer and distributor of chemical free drinking water purification systems, water softeners & commercial water activation systems.
Today’s SmallCapVoice.com Hot Stock to Watch:
CitySide Tickets, Inc. (Pink Sheets: CIST)
CitySide Tickets, Inc., based in Boston, Mass., provides the public with tickets to concerts, theatrical performances and sporting events through its website www.CitySidetickets.com. The Company also permits visitors to sell tickets through the website. Offering admission to thousands of events across the country, a great time is just a click away.
Other Small Cap News
Netlist, Inc. (Nasdaq: NLST)
Netlist, Inc. Announces Closing of Common Stock Offering and Over-Allotment Option
Netlist, Inc. (Nasdaq:NLST) today announced the completion of its previously announced public offering of 3,995,000 shares of its common stock. Netlist also completed the sale of 599,250 additional shares of its common stock pursuant to the full exercise of the over-allotment option granted to the underwriters of the public offering. The shares were sold at a price to the public of $3.85 per share. As a result of the sale of the shares of common stock in the public offering and pursuant to the over-allotment option, Netlist received net proceeds of approximately $16.3 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by Netlist.
ZAGG Inc. (Nasdaq: ZAGG)
Two New Device Protection Films Introduced by ZAGG
ZAGG Inc. (NASDAQ: ZAGG) (www.ZAGG.com), a leading producer of electronics accessories for protecting and enhancing the mobile experience, including the popular invisibleSHIELD(TM) and ZAGGaudio(TM) brands, has introduced at the International CTIA WIRELESS show in Las Vegas, Nevada, two new forms of personal electronics protection, ZAGG LEATHERSKINS(TM) and invisibleSHIELD Dry(TM).
Document Security Systems, Inc. (NYSE Amex: DMC)
Document Security Systems, Inc. Reports 4th Quarter and 2009 Year End Financial Results
4th Quarter Sales Revenue increased 78%
Document Security Systems, Inc. (NYSE AMEX: DMC; “DSS”), a leader in patented protection against counterfeiting and unauthorized copying, scanning and photo imaging, reported results for the fourth quarter and year ended December 31, 2009.
Qwest Communications (NYSE: Q)
Qwest Seeks Federal Grant to Deploy Broadband to Rural Communities at Connection Speeds of 12 to 40 Mbps
Would Extend Broadband to More Than Half a Million Homes, Schools, Businesses and Hospitals
Qwest Communications (NYSE: Q) has filed an application for a federal stimulus grant to extend broadband at speeds of 12 to 40 Mbps to rural communities throughout its local service region.
“Much like the water and electric programs the government established to encourage rural development, federal grants are needed to enable the deployment of broadband to high-cost, unserved areas,” said Steve Davis, senior vice president of Qwest Public Policy and Government Relations.
Fronteer (NYSE Amex: FRG)
Fronteer: Near-Surface Oxide Gold Intercepts Highlight Open-Pit Potential at Sandman, Nevada
Fronteer (TSX:FRG)(NYSE Amex: FRG) announces today that drilling by Newmont USA Limited (“Newmont”), a wholly owned subsidiary of Newmont Mining Corporation, has intersected additional near-surface oxide gold at Sandman, reinforcing the project’s open-pit mining potential.
Ness Technologies, Inc. (Nasdaq: NSTC)
Ness Technologies Acquires Gilon Business Insight
Ness Strengthens Position as Leading Provider of Enterprise Solutions
Ness Technologies, Inc. (NASDAQ:NSTC), a global provider of IT services and solutions, today announced that it has signed a definitive agreement to acquire Gilon Business Insight Ltd., a leading provider of business intelligence (BI) consulting and implementation solutions and services. The acquisition further positions Ness Technologies as a leading provider of enterprise solutions, with a proven blend of ERP, BI and CRM capabilities. Ness will utilize Gilon’s capabilities to help fulfill the growing demand for business intelligence applications, solutions and services around the world.
Star Bulk Carriers Corp. (Nasdaq: SBLK)
Star Bulk Signs Capesize Newbuilding Contract, Agrees to Ten Year Time Charter
Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (NASDAQ:SBLK) today announced that it has signed a contract with ship builder Hanjin to build a Capesize vessel of 180,000 deadweight tons, at a price of $53.5 million with expected delivery in September 2011.
The Company has also entered into a ten year time charter agreement for the vessel with STX Panocean at a gross daily hire of $24,750.
ADA-ES, Inc. (Nasdaq: ADES)
ADA-ES Reports Fourth Quarter and Year End 2009 Results
Initial Sales from Refined Coal Business Contribute to 99% Increase in Fourth Quarter Revenues
ADA-ES, Inc. (NASDAQ:ADES) today announced financial results for the fourth quarter and year ended December 31, 2009, and provided an update on various corporate developments.
Oculus Innovative Sciences, Inc. (Nasdaq: OCLS)
Oculus Innovative Sciences Launches Microcyn(R) Dermatology HydroGel for Relief of Pain and Itch into U.S. Dermatology Healthcare Market
56-Person Commission-Based Sales Team Call Points to Include U.S. Dermatologists, Pediatricians, Aesthetics Clinics and Cosmetic/Plastic Surgeons
Oculus Innovative Sciences, Inc. (Nasdaq: OCLS), a commercial medical technology company that designs, produces and markets safe and effective tissue care products based upon the Microcyn(R) Technology platform, today commercially introduced the Microcyn Dermatology HydroGel for the U.S. professional healthcare market. Oculus announced two weeks ago that it had received FDA 510(k) clearance for the Microcyn Dermatology HydroGel, which under the supervision of a healthcare professional, is intended for management of wounds including itch and pain relief associated with dermal irritation, sores, injuries and ulcers of dermal tissue.
Clearfield, Inc. (Nasdaq: CLFD)
Westell to Become First Member of Clearfield’s “Clearview Multiplied” Initiative
Westell Technologies, Inc. (NASDAQ: WSTL), a leading provider of broadband products, outside plant telecommunications equipment and conferencing services, and Clearfield, Inc. (NASDAQ: CLFD), a specialist in fiber management solutions for fiber to the premises (FTTp) deployments, today announced that the two companies have established a Joint Development Agreement as part of Clearfield’s “Clearview Multiplied” program.
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