This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Today's Small-Cap Winners and Losers

First Avenue Networks (FRNS) soared 30% Monday on news the McLean, Va.-based fixed-wireless-transport-services company had entered into an agreement with FiberTower, a provider of wireless backhaul, to combine the two companies in an all-stock transaction.

The agreement calls for First Avenue to issue about 73.7 million of its common shares, worth roughly $873 million, to FiberTower shareholders, who will own 51% of the combined entity. The combined company will be named FiberTower Corp. and will be listed on the Nasdaq under the FRNS ticker. Michael Gallagher, First Avenue's president and CEO, will serve as CEO of the new entity. The deal is expected to close by the end of the third quarter. Shares gained $2.90 to $12.56 in recent trading.

Central Vermont Public Service (CV) gained after Matrix Research upgraded the Rutland, Vt.-based utility to hold from sell. The analyst's report cited the company's work at improving its financial standing as a reason for the upgrade. "We believe the company is implementing a good strategy to improve performance," the report said. Central Vermont Public Service gained $1.03, or 6.1%, to $17.96 in recent trading.

Rio Narcea Gold Mines (RNO - Get Report) dropped after the Spanish precious-metals company missed Wall Street's first-quarter earnings expectations. The company posted income of $2.9 million, or 2 cents a share, on total revenue of $47.4 million. A year ago, the company reported a loss of $15.3 million and 10 cents a share on revenue of $9 million. The company said the most recent first quarter includes a derivative loss of $9.7 million. Analysts polled by Thomson First Call were looking for earnings of 9 cents a share. Rio Narcea Gold Mines fell 24 cents, or 11.1%, to $1.92 in recent trading.

FTI Consulting (FCN - Get Report) gained after the Baltimore-based consulting company was upgraded by SunTrust Robinson Humphrey to buy from neutral. Shares gained $2.02, or 7.9%, to $27.51 in recent trading.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs