Las Vegas, NV -- (SBWIRE) -- 10/01/2012 -- Beststocksdaily is one of leading U.S. stock update providers to valued investors. Following are the notable stock losers as reported by http://beststocksdaily.com/
ADTRAN, Inc. (NASDAQ:ADTN) is currently trading at $17.44, 8.93% lower on a traded volume of 4.69 million shares. The company announced revised revenue and earnings estimates for the third quarter of 2012. Based upon information currently available, revenue for the quarter is expected to be approximately $162 million. GAAP earnings per share for the quarter, assuming dilution, are expected to range from $0.14 to $0.15. Non-GAAP earnings per share for the quarter are expected to range from $0.18 to $0.19.
Over the past one month of trading sessions, the stock fell more than 16%.
To Get complete technical analysis on ADTN go to http://beststocksdaily.com/p2/index.php?company=ADTN
Iridium Communications Inc. (NASDAQ:IRDM) plunged 7.19% to $7.30 on a traded volume of 733K shares. The company announced that it has priced a private offering of 1,000,000 shares of 7% Series A Cumulative Perpetual Convertible Preferred Stock, with a liquidation preference of $100 per share (the Preferred Stock).
The Preferred Stock will be sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to other qualified investors in reliance on.
Can IRDM Continue to Fall? Find Out Here http://beststocksdaily.com/p2/index.php?company=IRDM
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) lost 7.02% to $1.06 on a traded volume of 691K shares. Recently, the company announced that it has closed its previously announced underwritten public offering of 9,166,700 shares of its common stock at a price of $1.20 per share. Ascent received net proceeds, after deducting the underwriting discount and estimated offering expenses, of approximately $10.1 million.
To Get complete technical analysis on ASTI go to http://beststocksdaily.com/p2/index.php?company=ASTI
Box Ships Inc (NYSE:TEU) among the losers and the stock declined 7.88% to $5.96 on a traded volume of 407K shares after the stock was downgraded by analysts at Morgan Stanley from an overweight rating to an equal weight rating. They currently have $7.50 target price on the stock, down from their previous target price of $9.00.
Get Free Trend Analysis on TEU Here http://beststocksdaily.com/p2/index.php?company=TEU
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