EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Reprint Email

Openwave Systems Stock Gaps Down On Today's Open (OPWV)

By TheStreet Wire 05/11/12 - 08:55 AM EDT

Find out if (OPWV) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Openwave Systems (Nasdaq:OPWV) were gapping down Friday morning with an open price 12.3% lower than Thursday's closing price. The stock closed at $2.84 Thursday and opened today's trading at $2.49.

The average volume for Openwave Systems has been 971,000 shares per day over the past 30 days. Openwave Systems has a market cap of $252.2 million and is part of the technology sector and computer software & services industry. Shares are up 89.9% year to date as of the close of trading on Thursday.

Openwave Systems Inc. provides software solutions for the communications and media industries in North America, Latin America, Europe, Africa, the Middle East, and the Asia-Pacific.

TheStreet Ratings rates Openwave Systems as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. You can view the full Openwave Systems Ratings Report.

Get more investment ideas from our investment research center.

For more information on Openwave Systems Inc. click any of the following:

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 FREE

New! $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 FREE

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 FREE

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 FREE

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 + 15 more Wall Street Pros
Intraday commentary & news
Ultra-actionable trading ideas

Options Profits

TRY IT FREE

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.