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NASDAQ Stocks Hitting 52-Week Highs
Tuesday, July 12, 2011 - 9:13am | 124Radiant Systems Inc (NASDAQ: RADS) shares rose 31.19% to create a new 52-week high of $28.14. NCR Corp agreed to buy RADS for $1.2 billion in cash. Uroplasty Inc (NASDAQ: UPI) shares gained 1.68%to create a new 52-week high of $9.08. UPI shares have jumped 101.13% over the past 52 weeks, while the...
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Morning Market Movers
Tuesday, July 12, 2011 - 8:47am | 118Radiant Systems Inc (NASDAQ: RADS) climbed 30.35% to $27.96 at 9:45 am. NCR Corp agreed to buy RADS for $1.2 billion in cash. IsoRay Inc (AMEX: ISR) jumped 15.32% to $1.28. ISR shares have dropped 20.14% over the past 52 weeks, while the S&P 500 index has gained 22.32% in the same period....
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Major Pre-Market Losers
Tuesday, July 12, 2011 - 8:26am | 107Commerce Bancshares (NASDAQ: CBSH) is trading down nearly 59% after being cut to Underperform by Bank of America-Merrill Lynch. Sourcefire (NASDAQ: FIRE) is trading down over 58% after being cut to Neutral from Buy at UBS. Wolverine World (NYSE: WWW) is trading down over 7.50% despite beating...
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Wedbush Downgrades Radiant Systems To Neutral
Tuesday, July 12, 2011 - 8:03am | 85According to Wedbush, Radiant Systems (NASDAQ: RADS) is downgraded to Neutral. Wedbush said that it believes the bid to acquire Radiant Systems by NCR for $28/share provides a solid strategic exit and comes at a fair valuation. “We believe that the deal has a high probability of being completed,...
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Wedbush Downgrades Radiant Systems To Neutral, Raises PT To $28
Tuesday, July 12, 2011 - 7:27am | 28Wedbush Securities has downgraded Radiant Systems (NASDAQ: RADS) from Outperform to Neutral and has raised the price target from $266 to $28.
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Deutsche Bank Reiterates Buy Rating, $135 PT on VMware
Tuesday, July 12, 2011 - 6:32am | 117Deutsche Bank is reiterating its Buy rating and $135 PT on shares of VMware (NYSE: VMW). “VMware is hosting a webcast event titled ‘Cloud Infrastructure takes a major step forward; Raising the bar Part V' today at 9 AM Pacific Time,” Deutsche Bank writes. “Although there is no official word from...
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Oppenheimer Comments on NCR Acquisition of Radiant Systems
Tuesday, July 12, 2011 - 6:26am | 103After the close on Monday, NCR Corp. (NYSE: NCR) announced it had signed “a definitive agreement to acquire Radiant Systems (NASDAQ: RADS) for $28/share or ~$1.2B,” Oppenheimer reports. “Based on recent consensus forecasts, NCR is paying roughly 5-7x RADS' CY12E recurring revenue, 14-17x CY12E...
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Wunderlich Securities Provides Color on Application Networking
Tuesday, July 12, 2011 - 6:18am | 233Wunderlich Securities provided color on the application networking sector. In a research report published today, Wunderlich states, “Industry checks have been positive for application networking companies. We believe a rapid return on investment credentials makes demand for products from Allot...
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Goldman Sachs Provides Color on Software
Tuesday, July 12, 2011 - 6:00am | 177Goldman Sachs provided color on the software sector. In a research report, Goldman reiterated its Neutral rating on the industry, as well as highlighted its best picks. In the report, Goldman states, “We resume coverage of the software sector with a Neutral coverage view… We are most bullish on...
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Twelve ETFs Trading Near 52-Week Highs
Tuesday, July 12, 2011 - 5:56am | 874First Trust Consumer Staples AlphaDEX (NYSE: FXG) is up more than 20% year to date. The investment seeks results that correspond generally to the price and yield of an equity index called the StrataQuant Consumer Staples Index. Top holdings include Green Mountain Coffee Roasters (NASDAQ: GMCR),...
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Goldman Sachs Suspends Coverage on AKAM, BMC, CA, CVLT, LLNW, NUAN, QSFT, SWI, and TIBX
Tuesday, July 12, 2011 - 5:51am | 199Goldman Sachs suspends coverage on Akamai Technologies (NASDAQ: AKAM), BMC Software (NASDAQ: BMC), CA, Inc. (NASDAQ: CA), CommVault Systems (NASDAQ: CVLT), Limelight Networks (NASDAQ: LLNW), Nuance Communications (NASDAQ: NUAN), Quest Software (NASDAQ: QSFT), SolarWinds (NYSE: SWI), and TIBCO...
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Benzinga's After Hours Movers
Monday, July 11, 2011 - 5:20pm | 341Among the stock's that are moving on heavy volume in the after hours trading session are Radient Systems (NASDAQ: RADS), Clean Energy Fuels Corp. (NASDAQ: CLNE), Microchip Technology (NASDAQ: MCHP), Novellus Systems (NASDAQ: NLS), Intel (NASDAQ: INTC) and Annaly Capital Management (NYSE: NLY)....
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NCR to Acquire Radiant Systems for $28 per Share Totaling $1.2B
Monday, July 11, 2011 - 3:17pm | 101NCR Corporation (NYSE: NCR) and Radiant Systems, Inc. (NASDAQ: RADS) today announced a definitive agreement for NCR to acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed hosted service solutions to the hospitality and specialty retail markets, through a cash...
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Benzinga's Volume Movers
Monday, July 11, 2011 - 9:36am | 155GSV Capital Corp (NASDAQ: GSVC) shares surged 1.54% to $16.45 at 10:35 am. The volume of GSVC shares traded was 693% higher than normal. GSVC had $1.38 thousand in total cash for the recent quarter. Coffee Holding Co Inc (NASDAQ: JVA) shares moved up 9.83% to $29.38. The volume of JVA shares...
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Stocks to Watch for Monday 07/11/11: Fresh 52 Week Highs and Lows
Sunday, July 10, 2011 - 5:15pm | 2231Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to lowest): 1) Melco Crown Entertainment (NASDAQ:...