magicJack VocalTec (CALL) hit a one-year high of $23.15 as of 2 p.m. on Friday as the company, famous for its Voice over IP technology, continued to benefit from its fourth-quarter earnings report earlier in the week that smashed analysts' expectations. For the fourth quarter, magicJack reported earnings of 69 cents a share, which beat the consensus estimate of 41 cents a share by 28 cents. Revenue declined 7.8% year over year to $38.2 million, though this still easily beat the expectation of $35.9 million, according to analysts surveyed by Thomson Reuters. For the full fiscal year 2014, the company expects revenue in the range of $158 million and $163 million, which surpassed analysts' estimates of $147.2 million revenue.
Companhia Siderurgica Nacional (SID) is surging on Friday after its board of directors authorized a new share buyback program.
Parkervision (PRKR) rose on Friday after the company, which develops and markets semiconductor technology solutions for wireless applications, closed the sale of some of its common stock. The company sold 2,666,666 shares at $4.50 a share for net proceeds of approximately $11.9 million. More than 1.1 million shares had changed hands just after 1:30 p.m., more than the average volume of 704,553.
Keurig Green Mountain (GMCR) is surging on Friday after announcing a multi-year partnership with Peet's Coffee & Tea and reworking its deal terms with Starbucks (SBUX).
SeaWorld Entertainment (SEAS) is climbing higher on Friday after posting an uptick in sales while net losses were in line with estimates.
Sony's (SNE) PlayStation 4 beat the Microsoft (MSFT) Xbox One in sales in February as video game sales dropped 11% in the month.
TheStreet's Jim Cramer says the crisis in Ukraine and the specter of China are the two biggest issues confounding investors at the moment. These two negative stories likely will not reach a conclusion this weekend, so many investors are pulling back. Cramer, though, likes that the market has become oversold and that domestic stocks unaffected by these two stories are trying to stabilize. He points out that this market does not have a lot of news, much less good news, to increase stock prices. At this point, the goal is to limit the decrease in stock prices. Cramer wants catalysts, but none are coming in the next few weeks. He suggests taking advantage of a dip in the biotech company Celgene CELG on the news that one of its drugs was just rejected. Cramer notes large dislocations and accidentally higher dividends should promote buying. Otherwise, it is too late to sell many stocks.
Shares of McEwen Mining (MUX) are gaining after the company updated its reserve and resource estimates for its San Jose mine in Argentina.
JA Solar Holdings (JASO) rose on Friday after Axiom Capital upgraded the stock to "buy" from "sell" and increased its target price to $16 from $1.70.
Ocean Power Technologies (OPTT) is tumbling on Friday after reporting third-quarter revenue below analysts' estimates.
Shares of Cooper Tire & Rubber (CTB) are gaining Friday after the company reported fourth quarter results that beat analysts' earnings and revenue estimates.
Coffee Holding Company (JVA) popped to a one-year high of $8.20 on Friday after the company reported its fourth-quarter results. For the quarter ended Jan. 31, Coffee Holding Company reported net income of $1.37 million, or 22 cents per basic share and 21 cents per diluted share, up from $0.94 million, or 15 cents per basic share and 14 cents per diluted share, in the same period one year earlier. Net sales declined year over year to $27.35 million from $31.32 million. The company noted in its statement that the decline stemmed from "lower coffee prices as coffee prices continued to decrease on an unabated slide to a seven year low during the same period, partially offset by a 13.7% increase in pounds of green coffee sold as our business continued to shift to sales of green coffee from private label sales." Gross profit increased year over year to $4.12 million from $3.68 million. Total operating expenses decreased 1.3% year over year to $1.87 million from $1.9 million.
Shares of Gastar Exploration (GST) are falling Friday after posting fourth quarter results that missed analysts' earnings estimates.
Sirius XM Holdings (SIRI) popped in early morning trading on Friday after Liberty Media (LMCA) pulled its bid to buy the satellite radio company. The stock had amassed a volume of more than 180 million prior to 11 a.m., nearly triple its average of 67,205,300.
Independent Bank of Hanover, Mass., can continue its strong EPS growth 'in nearly any environment,' according to KBW analyst Collyn Gilbert.
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