Sonus Networks, Inc. (NASDAQ:SONS) Up 13.10%, Cardium Therapeutics Inc. (NYSEMKT:CXM) Up 7.42%, Majesco Entertainment Co. (NASDAQ:COOL) Up 12.68%
Northern, WI 05/01/2013 (GDPInsider) – Sonus Networks, Inc. (NASDAQ:SONS) is up 13.10% having opened at 2.30. The stock had a close of 2.10 and the day’s range is 2.18 and 2.41. Based on this range the stock is up 74.26% on its 52-week low of 1.36 but down 17.71% on its 52-week high of 2.88. The markets responded favorably to the company’s Q1 2013 earnings results and although SONS suffered a loss, the company did beat revenue expectations. SONS beat the average estimated revenue of $61.12 million and the company recorded adjusted EPS of $-0.02 – no change from the corresponding quarter in 2012. Analysts have set a target price of 3.45 for SONS and the stock has a RSI of 55.52.
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Cardium Therapeutics Inc. (NYSEMKT:CXM) has made a rally and is up 7.42% on its 0.09 open for the day’s trading. The stock has a range of 0.09 and 0.11 with volume of 699.17K. The technical chart for CXM shows a slight uptick from the drop suffered at the start of April 2013. The stock is still down 24.34% on its 50-day moving average but up 13.48% on its 20-day moving average. The stock has target price of 0.50 and a RSI of 49.80. 129.56 million shares are outstanding in CXM and insiders own 5.89% of the stock. Institutions own 8.25% of the stock and their share of transactions has fallen 4.81%. EPS next year is expected to rise by 66.70% and the company has a market cap of $12.05 million.
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Majesco Entertainment Co. (NASDAQ:COOL) is experiencing a rally and is up 12.68% on its open of 0.60. The stock closed previously at 0.59 and has a range of 0.59 and 0.64. Volume is 492.47K and the stock has a P/E of 5.36. The company has $27 million in cash reserves and the release of “Phineas and Ferb: Quest For Cool Stuff,” a new game based on Disney’s Emmy Award-winning series is expected to add a boost in revenues. The stock is trading 23.08% above its 52-week low of 0.52 and analysts have set a target price of 1.00. COOL is trading 12.52% above its 50-day moving average and 15.21% above its 20-day moving average.
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