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OXiGENE Complies With NASDAQ Listing Requirements
Monday, June 6, 2011 - 7:04am | 152OXiGENE (Nasdaq: OXGN) today announced the Company has regained compliance with the minimum Market Value of Listed Securities requirement for continued listing on The NASDAQ Capital Market, as set forth in NASDAQ Listing Rule 5450(b)(2)(A). Consequently, the Company's securities will continue to be...
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Merger Arbitrage Mondays – June 6, 2011
Monday, June 6, 2011 - 5:43am | 4795Merger activity increased last week with four new deals announced and eight closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 87 Total Number of Deals...
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Benzinga's Top Pre-Market NASDAQ Gainers
Friday, June 3, 2011 - 7:08am | 137DryShips Inc (NASDAQ: DRYS) shares advanced 9.40% to $4.19 in the pre-market session. DRYS' PEG ratio is 0.47. GT Solar International Inc (NASDAQ: SOLR) shares advanced 6.53% to $12.81 in the pre-market session. SOLR received an order for its advanced sapphire crystallization furnaces totaling $...
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Goldman Initiates Universal Display At Buy, $55 PT
Friday, June 3, 2011 - 5:00am | 26Goldman Sachs has initiated coverage on Universal Display Corporation (NASDAQ: PANL) with a Buy rating and $55 price target.
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Is QE3 The Next Stop For The US Fed? (Guest Post)
Thursday, June 2, 2011 - 10:43pm | 3212By Andrew Butter For more than two years students of Econ-101 have been chattering about how the irrefutable logic of the “insanity-of-America's-money-printing and fiscal mismanagement” would cause yields on long-term US debt to skyrocket. One of the more flamboyant proponents of that theory...
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Daktronics Raises Annual Dividend To $0.11 Vs $0.10
Thursday, June 2, 2011 - 3:46pm | 117Daktronics, Inc. (Nasdaq: DAKT) today announced that its Board of Directors approved an annual cash dividend of $0.11 per share. In a separate release issued on Wednesday, the Company announced that for the fiscal year ended April 30, 2011, it produced approximately $41.3 million in cash flow from...
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DRI Corporation Announces Mobitec Order in Western Europe
Thursday, June 2, 2011 - 8:07am | 137DRI Corporation (NASDAQ: TBUS), a digital communications technology leader in the global surface transportation and transit security markets, announced today that the Company's Mobitec AB (the “Mobitec Group”) subsidiary in Herrljunga, Sweden, has received an order for Mobitec® electronic...
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Gabelli Maintains Buy on Universal Display
Thursday, June 2, 2011 - 7:59am | 95Gabelli is out with its report today on Universal Display (NASDAQ: PANL), maintaining Buy. In a note to clients, Gabelli writes, "Universal Display, headquartered in Ewing, New Jersey, owns several patents for organic LEDs and produces the phosphorescent materials used in production of advanced...
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OSI Systems Receives Multimillion Dollar Cargo and Vehicle Inspection Contract Award
Thursday, June 2, 2011 - 7:01am | 100OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronics and services, today announced that its Security division, Rapiscan Systems, was awarded a multimillion dollar contract from an Eastern European customer in its Eagle® cargo and vehicle inspection product...
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Magal Receives a US$ 4.6 Million Order to Secure Power Facilities in Eastern Europe
Thursday, June 2, 2011 - 6:00am | 177Magal Security Systems, Ltd. (NASDAQ: MAGS) today announced that it has signed a US$ 4.6 million contract to supply and install intrusion detection systems at 20 power facilities in an Eastern European country. Execution is planned over the next 18 months, the first 10 sites will be implemented...
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CalAmp Increases Financial Guidance for the Fiscal 2012 First Quarter
Wednesday, June 1, 2011 - 3:07pm | 167CalAmp Corp. (NASDAQ: CAMP) today announced increased financial guidance for the fiscal 2012 first quarter ended May 31, 2011. The Company expects to report fiscal 2012 first quarter consolidated revenues in the range of $34.0 to $34.5 million and GAAP basis earnings per diluted share of $0.01 to...
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CalAmp Appoints Michael Burdiek Chief Executive Officer
Wednesday, June 1, 2011 - 3:07pm | 143CalAmp Corp. (NASDAQ: CAMP) announced that its Board of Directors has appointed Michael Burdiek to serve as President, Chief Executive Officer and Director of CalAmp, effective today. Most recently, Mr. Burdiek held the position of President and Chief Operating Officer, and he succeeds Rick Gold as...
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Options Brief: Daktronics, Inc.
Wednesday, June 1, 2011 - 11:51am | 78Shares of Daktronics, Inc. (NASDAQ: DAKT) are higher on the session by 10.70%, trading at $11.90. Overall call volume is now running at 18.16x the daily average, with 47% of all calls traded being purchases on the offer. 1,162 contracts have traded on the session so far. Daktronics, Inc. is a...
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Benzinga's Volume Movers
Wednesday, June 1, 2011 - 9:26am | 145Telvent GIT SA (NASDAQ: TLVT) shares surged 15.27% to $39.71 at 10:25 am. The volume of TLVT shares traded was 8458% higher than normal. TLVT agreed to be bought for $2 billion by Schneider Electric SA (OTC: SBGSY). Daktronics Inc (NASDAQ: DAKT) shares moved up 5.95% to $11.39. The volume of DAKT...
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NASDAQ Stocks Hitting 52-Week Highs
Wednesday, June 1, 2011 - 9:20am | 127Telvent GIT SA (NASDAQ: TLVT) shares gained 15.36% to create a new 52-week high of $39.74. TLVT agreed to be bought for $2 billion by Schneider Electric SA (OTC: SBGSY). Golar LNG Limited (NASDAQ: GLNG) shares jumped 7.78% to create a new 52-week high of $34.34. GLNG's PEG ratio is 0.50. FARO...