Sonus Networks, Inc. (NASDAQ:SONS) Up 13.10%, Cardium Therapeutics Inc. (NYSEMKT:CXM) Up 7.42%, Majesco Entertainment Co. (NASDAQ:COOL) Up 12.68%

Posted by Michael Korte May 1, 2013 0 Comment 738 views


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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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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