Boston, MA -- (SBWIRE) -- 09/09/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Sonus Networks, Inc.(NASDAQ:SONS), CYS Investments Inc(NYSE:CYS), Key Energy Services, Inc. (NYSE:KEG), JetBlue Airways Corporation(NASDAQ:JBLU)
Sonus Networks, Inc.(NASDAQ:SONS) shares gained 3.93% and closed at $3.70. The company on Sept. 4 announced the appointment of Pamela Reeve to its board of directors, expanding its base of directors to nine. Reeve's extensive executive, board and community leadership experience is expected to help accelerate the company's ambition to lead the global session border controller (SBC) growth category.
Additionally, the company on August 26 announced that as part of the Company's previously announced stock buyback program, it has agreed to repurchase approximately 3.1 million shares of the Company's common stock in a privately negotiated transaction with Empire Capital Management L.L.C. at $3.50 per share, the market closing price on August 23, 2013, for a total purchase price of approx. $11 million. The Company will pay for the share repurchase using cash on hand.
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CYS Investments Inc(NYSE:CYS) shares climbed 2.27% to $7.65. The company announced that Kevin E. Grant, CFA, the Company's CEO and President, will deliver a presentation at the Barclays Global Financial Services Conference at The New York Hilton Midtown on Tuesday, September 10, 2013 at approximately 8:15 a.m. (ET).
Additionally, CYS’s stock was downgraded by equities researchers at Maxim Group from a “buy” rating to a “hold” rating in a research report issued on August 13. They currently have a $10.00 target price on the stock.
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Key Energy Services, Inc. (NYSE:KEG) shares increased 3.83% to $7.87. The company will present at the Barclays CEO Energy-Power Conference, Thursday, September 12, 2013 in New York, NY. Dick Alario, Key's Chairman, President and Chief Executive Officer, is scheduled to present at 3:45 p.m. EDT (2:45 p.m. CDT).
Additionally, Barclays analyst James C. West upgraded the shares to "Overweight," from "Equal Weight." He raised his price target to $10 from $7. Separately, Equities researchers at Howard Weil dropped their price target on shares of KEG from $11.00 to $10.00 in a research report issued on August 29. The firm currently has a “sector perform” rating on the stock.
Is KEG A Good Buy After The Recent Price Movement? Find Out Here
JetBlue Airways Corporation(NASDAQ:JBLU) shares decreased 1.05% to $6.12. LiveTV, a wholly owned subsidiary of JetBlue Airways (Nasdaq: JBLU), on Sept. 3 has received a Supplemental Type Certificate (STC) for Airbus 320 aircraft from the Federal Aviation Administration (FAA) for the first-of-its-kind Ka-band system, a satellite-based inflight connectivity and streaming entertainment solution, paving the road for next generation commercial inflight broadband.
Additionally, the company on August 29 announces the appointment of Marisa Von Wieding to the position of Vice President, System Operations Control. In this role, Ms. Von Wieding is responsible for the airline's operations of 850 daily flights in 79 locations throughout the Americas, including Dispatch, Air Traffic Management, Crew Services and Emergency Response and Care.
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