Investors Recap: Ciena Corporation, DURECT Corporation, ValueVision Media, Mitek Systems

Lakeway, TX -- (SBWIRE) -- 03/08/2013 -- vbtrendreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Ciena Corporation (NASDAQ:CIEN) stock jumped 17.34% to $17.53 after the company yesterday said its first-quarter GAAP net loss was $47.32 million, from last year's $47.7 million loss, with three-month loss per share reducing to $0.47, from $0.49 a year back. On a non-GAAP basis, Ciena's adjusted net income totaled $12.3 million, or $0.12 per share in the recent quarter. Analysts expected loss per share of $0.14 for the quarter. Quarterly revenue stood at $453.1 million, compared with last year's $416.7 million. Analysts estimated revenues of $449.14 million for the quarter.

How Should Investors Trade CIEN After The Solid Jump? Let’s Find Out Here

DURECT Corporation (NASDAQ:DRRX) shares jumped 16.38% and closed at $1.35 in the last trading session. The company, on Feb. 28, announced financial results for the three months ended December 31, 2012. Total revenues were $3.3 million for the three months ended December 31, 2012 as compared to $8.9 million for the three months ended December 31, 2011. Net loss was $5.5 million for the three months ended December 31, 2012 as compared to a net loss of $2.1 million for the same period in 2011.

Is DRRX Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

ValueVision Media, Inc. (NASDAQ:VVTV) shares gained 15.75% to $3.16 after VVTV‘s stock had its “overweight” rating restated by equities researchers at Piper Jaffray in a report issued on Mar. 7. They currently have a $5.00 target price on the stock, up from their previous target price of $3.00.

Additionally, the company released its earnings data Mar. 6. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.15. The company had revenue of $177.50 million for the quarter, compared to the consensus estimate of $161.83 million.

Is VVTV Buy After The Recent Price Movement? Find Out Here

Mitek Systems, Inc. (NASDAQ:MITK) shares climbed 14.84% and closed at $4.72. The company, on Feb. 21, announced that it has been issued U.S. Patent No. 8,379,914, "Systems and Methods for Mobile Image Capture and Remittance Processing," by the U.S. Patent and Trademark Office. The "'914" patent is related to the use of Mitek's mobile imaging technology for the purpose of paying a bill. Mitek now has 14 patents issued and 14 patent applications pending.

Is MITK Buy After The Recent Price Movement? Find Out Here

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