Westell Tech, 8x8: Early Volume Plays

Several stocks trading near $5 were poised to move on above-average volume during Thursday's session.
Author:
Publish date:

NEW YORK (

TheStreet

) -- Several stocks trading near $5 were poised to move on above-average volume during Thursday's session.

Westell Technologies

(WSTL) - Get Report

shares were set to open higher after the networking company late Wednesday posted fiscal third-quarter net income of $2.7 million, or 4 cents a share, better than the single analyst estimate for a profit of 2 cents a share, according to Thomson Reuters. The 50-day average daily volume for Westell is 89,000, according to the

Nasdaq

. The stock closed Wednesday at $1.33.

8x8

(EGHT) - Get Report

, on the other hand, should open lower after the telecom services company posted fiscal third-quarter results. While a profit of 2 cents a share in the quarter was a penny better than the lone analyst estimate, revenue of $15.94 million was below the $16.64 million single target. The 50-day average daily volume for 8x8 is 89,000. Shares finished trading Wednesday at $1.30.

American Reprographics

(ARP)

was poised to trade higher after the document management services company raised its 2009 earnings guidance range of 35 cents to 38 cents. That's up from the prior range of 27 cents to 33 cents a share and better than the Thomson Reuters average estimate of 30 cents a share. American Reprographics cited a less-than-anticipated decline in fourth-quarter revenue. The three-month average daily volume for American Reprographics is 89,000, according to Yahoo! Finance. The stock closed Wednesday at $6.72.

LSI Corp.

(LSI) - Get Report

should lose ground Thursday after the semiconductor company posted a fourth-quarter adjusted profit of 18 cents a share, ahead of the Thomson Reuters average estimate of 11 cents a share. Revenue climbed 4.6% to $637.8 million, also better than consensus. Looking ahead to the first quarter, LSI offered earnings guidance that was in line with estimates and revenue that was better than analysts are target. The three-month average daily volume for LSI is 89,000. Shares finished trading Wednesday at $6.

-- Written by Robert Holmes in Boston

.

Check out all of Thursday's high-volume, under-$5 stocks at the Dollar Store

Follow Robert Holmes on

Twitter

and become a fan of TheStreet.com on

Facebook.