This Day On The Street
Continue to site
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

Wednesday's Small-Cap Winners & Losers

Updated from 2:35 p.m. EST with new stock prices

Small-cap stocks saw some light Wednesday, rising along with the major indices to recapture some of Tuesday's losses.

Orckit Communications (ORCT), a maker of telecom equipment based in Tel Aviv, Israel, jumped 16.2% to $7.89 after announcing its Corrigent Systems unit had landed a contract with Media Broadcast to supply network infrastructure components for Deutsche Telekom. Terms of the deal were not disclosed.

Meanwhile, shares of Irvine, Calif.'s Quality Systems (QSII - Get Report), which creates health-care information systems, screamed ahead 12.7% to $33.92 on earnings for the third quarter of its fiscal 2008. After the close Tuesday, the company announced a 29% year-over-year increase in profit to $11.2 million, or 40 cents a share, beating the average analyst expectation of 36 cents a share.

Also gaining on last night's earnings, Penson Worldwide (PNSN) saw shares climb 16.9% to $11.67. The Dallas-based developer of securities and futures financial services products posted fourth-quarter income of $10.2 million, or 39 cents a share, vs. $7.7 million, or 30 cents a share, a year ago. The Street was looking for EPS of 35 cents.

Not every stock joined the rally. Among the day's losers was Southborough, Mass.-based Double-Take Software (DBTK). The data-protection software company reported fourth-quarter earnings, posting non-GAAP earnings of $6.8 million, or 29 cents a share, compared with $6 million, or 28 cents a share, a year ago. Analysts had forecast 17 cents a share. Double-Take shares shed 26.7% to $11.21.

CommVault Systems (CVLT - Get Report) also fell on earnings. For the third quarter of its fiscal 2008, the Oceanport, N.J, developer of data-management software reported pro forma earnings of $6.9 million, or 15 cents a share, up from $4.6 million, or 10 cents a share, in 2007. The quarter was in line with Wall Street's prediction, but Commvault lowered its EPS forecast for the year to between 56 cents and 58 cents a share. Analysts expect earnings on the high end of that forecast. The stock fell 24.8% to $14.55.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
SYM TRADE IT LAST %CHG
ORCT $0.01 -20.00%
CVLT $45.44 0.00%
QSII $16.64 0.00%
AAPL $132.54 0.00%
FB $80.54 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs