New York, NY -- (SBWIRE) -- 01/30/2013 -- Growing Stock Report initiates a NASDAQ Break Out Stock Watch List for the following Stock: Multimedia Games Inc. (NASDAQ:MGAM) and Meru Networks, Inc. (NASDAQ:MERU).
Multimedia Games Inc. (NASDAQ:MGAM) a company that together with its subsidiaries, engages in the design, manufacture, distribution, and maintenance of gaming machines, video lottery terminals, and associated systems and equipment is currently up (+15.82%) on earnings news that it beats by $0.11, beats on revenuess, raises FY13 EPS and revenue guidance above consensus Multimedia Games Inc. (NASDAQ:MGAM) 14.29, Reports Q1 (Dec) EPS of $0.24 vs 0.13 CIQ estimate, revenues increased 27.3% YoY to $44.3 mln vs $39.8 mln CIQ est.
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Meru Networks, Inc. (NASDAQ:MERU) a company that together with its subsidiaries, provides wireless local area network (LAN) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific is currently up (+39.96%) after announcing yesterday that total revenues for the fourth quarter of 2012 were $28.2 million, up 21% from $23.3 million in the fourth quarter of 2011. Products revenues for the fourth quarter of 2012 were $23.8 million, up 20% from the $19.7 million reported in the fourth quarter of 2011. This move in the stock price has prompted Growing Stock Report to add Meru Networks, Inc. (NASDAQ:MERU) to their Nasdaq Break Out Stock Watch List
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