InfoSpace ( INSP - Get Report) rose 7.5% in late trading after announcing a deal to provide Internet hosting and commerce services for Toshiba's network of small and medium businesses.

On Wednesday, InfoSpace, a supplier of Web content and tools, rose almost 37% after announcing that it will outline "improved financial guidance" next week.

The stock hit a 52-week low of $3.50 after announcing layoffs at the beginning of this week.

It has tanked from a 52-week high of $138.50.