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!

Newcastle Investment, CalAmp: Midday Volume Plays

NEW YORK (TheStreet) -- Newcastle Investment (NCT) was among several stocks trading near $5 were moving on above-average volume Friday after announcing quarterly results.

Newcastle Investment said it had first-quarter net income of $180.2 million, or $3.36 a share, swinging from a year-ago loss of $242.2 million, or $4.59 a share. One analyst surveyed by Thomson Reuters expected a profit of 22 cents a share.

Newcastle Investment shares were jumping 11% to $3.32. Volume topped 1.28 million shares, compared to the three-month average daily volume of 802,000, according to Yahoo! Finance.

CalAmp (CAMP) shares, on the other hand, slumped by 49 cents, or 18.9%, to $2.11 after the wireless communications company said it had a fourth-quarter adjusted net loss of 2 cents a share on revenue of $34.5 million. A single analyst forecasted a loss of 6 cents a share on revenue of $33 million.

Despite the earnings beat, CalAmp shares were still lower on increased volume. More than 656,000 shares, compared to the 50-day average daily volume of 104,000, according to the Nasdaq.

BigBand Networks (BBND) dropped by 42 cents, or 13%, to $2.80 after the video services company reported a first-quarter adjusted net loss of 7 cents share, swinging from profit of 9 cents a share in the year-ago quarter. Analysts were looking for an average loss of 3 cents a share in the quarter. Volume topped 950,000 shares, compared to the 50-day average daily volume of 322,000.

DragonWave (DRWI) lost $1.36, or 17.1%, to $6.61 after the broadband wireless equipment maker posted first-quarter net income of $13.4 million, or 35 cents a share, on revenue of $63.8 million. The Thomson Reuters average estimate was for a profit of 36 cents a share on $62.46 million in sales. Volume topped 2.44 million shares, compared to the 50-day average daily volume of 1.08 million.

-- Written by Robert Holmes in Boston.

Check out all of Friday's high-volume, under-$5 stocks at the Dollar Store. View the Dollar Store portfolio on StockPickr.

Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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