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Guidance Software: Volume Movers

BOSTON ( TheStreet) -- Guidance Software (GUID - Get Report) was one of several stocks trading below $5 poised to move on above-average volume Tuesday after the company released second-quarter earnings that topped analyst estimates.

Guidance Software posted second-quarter adjusted earnings of 3 cents a share on revenue of $22.7 million, surprising analysts who had expected a second-quarter loss of 3 cents a share on sales of $19.6 million.

Looking ahead, Guidance Software said it expects full-year adjusted earnings of 3 cents to 4 cents a share and revenue of $84 million to $88 million, compared with the consensus target for a full-year loss of a penny a share on revenue of $82.3 million.

Shares of Guidance Software rallied by $1.30, or 28.1%, to $5.93 in Monday's after-market session. The average daily share volume for Guidance Software is 120,000.

Elsewhere, Valence Technology (VLNC) rose by 6 cents, or 7.9%, to 82 cents in Monday's late trading session after the lithium-ion technology company announced a $13 million purchase order from Smith Electric Vehicles for Valence's energy storage modules. The average daily share volume for is 845,000.

Orthovita (VITA) dropped by 24 cents, or 12.4%, to $1.70 in Monday's after-market session after the orthobiologic company reported a second-quarter loss of a penny a share, compared to the consensus estimate for a break-even quarter. Revenue of $23.9 million was below the Thomson Reuters average estimate of $26.1 million.

Looking ahead, Orthovita lowered its full-year revenue guidance to a range of $96 million to $100 million, below the previous range of $106 million to $112 million and the consensus target of $104.3 million. Orthovita said the lowered guidance is due to potentially higher charges for unused manufacturing capacity. The average daily share volume for Orthovita is 674,000.

Powerwave Technologies (PWAV) fell by 15 cents, or 8.1%, to $1.70 in the premarket session after the wireless solutions company said it had second-quarter revenue of $144.6 million, below the Thomson Reuters average estimate of $146.9 million. Powerwave posted a second-quarter adjusted profit of 2 cents a share, a penny above the consensus estimate. The average daily share volume for Powerwave is 2.25 million.

Evergreen Solar (ESLR) jumped by 5 cents, or 7.5%, to 72 cents in Monday's after-hours session after the company reported a second-quarter loss of 11 cents a share on revenue of $84.5 million, compared to the Thomson Reuters consensus estimate for a loss of 11 cents a share on revenue of $79.5 million. The average daily share volume for Evergreen Solar is 1.63 million.

-- Written by Robert Holmes in Boston.

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

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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