This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Small-Cap Winners & Losers: Cobra Electronics

Small-cap stocks as well as the broader market experienced a short rise before falling back toward opening levels on Wednesday. The Russell 2000 Index was down less than 1% to 716.75 while the S&P 500 was up less than 1% to 1,280.85.

Starting off among the winners was Cobra Electronics (COBR), the Chicago-based mobile communications manufacturer. Its stock rose 36% to $2.87 on second-quarter earnings of $1.7 million, or 26 cents per share, vs. a loss of $0.4 million, or 7 cents a share, a year ago. Analysts polled by Thomson Financial were looking for EPS of 1 cent.

Chuck E. Cheese restaurant franchise operator CEC Entertainment (CEC), out of Irving, Texas, soared 19% to $35.27 on second-quarter earnings of $11.3 million, or 48 cents a share, vs. $8.5 million, or 26 cents a share one year ago. The reported earnings beat Thomson Financial EPS estimates of 31 cents.

Rounding out the winners was Bala Cynwyd, Pa.-based Philadelphia Consolidated Holding (PHLY), which deals with personal and commercial property and insurance. Its shares were up 63% to $58.05. The company announced early Wednesday that it would be acquired by Japanese insurer Tokio Marine Holdings for $4.7 billion, or $61.50 per share.

Among the losers was Anadigics (ANAD), a semiconductor provider out of Warren, N.J. Shares fell 30% to $6.21 on third quarter EPS forecasts of 1 to 5 cents versus analyst estimates of 13 cents. The company was also given a downgrade by Jefferies & Co. to hold from buy.

Eden Prairie, Minn.-based communications provider ADC Telecommunications (ADCT) was down 23% to $10.25 after cutting it's full-year outlook. The company announced it was now expecting fiscal year EPS of 18 to 26 cents vs. previous estimates of 31 to 39 cents. It also received a downgrade from Friedman Billings to market perform from outperform.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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