Thursday's Small-Cap Winners & Losers
The small-cap sector largely managed to stay afloat Thursday amid surging names like Acme Packet (APKT).
The Burlington, Mass., company racked up 22.6% gains on second-quarter non-GAAP income of $5.7 million, or 9 cents a share. That tops the average analysts' estimate by a penny, according to Thomson Financial. Shares were up $2.35 to $12.77.
San Diego's Cubic (CUB), which makes defense electronics and transportation-fare-collection systems, bounced 19.4% to $32.70 on a decisive earnings beat. Fiscal third-quarter earnings rose sharply to $11.2 million, or 42 cents a share, from 22 cents a share a year ago. Analysts were looking for 33 cents a share.
Both Acme and Cubic helped to prop up the Russell 2000, which was lately climbing 1.7 points, or 0.2%, to 779.62. The S&P SmallCap 600 added 0.4% to 412.53.Elsewhere, BluePhoenix Solutions (BPHX) rode high after the Israel-based business-software company inked a letter of intent to buy Texas-based Amalgamated Software North America. The deal is worth $9.5 million in cash, in addition to an earn-out for ASNA shareholders contingent on achievement of certain profit targets. BluePhoenix shares jumped $1.76, or 15.6%, to $13.06. Pozen (POZN) shares took a 43% free fall, however, after the Food and Drug Administration said it and partner GlaxoSmithKline (GSK) need to
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV