Boston, MA -- (SBWIRE) -- 08/23/2013 -- 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: (Take-Two Interactive Software, Inc. (NASDAQ:TTWO), Infinera Corp.(NASDAQ:INFN), Stage Stores Inc (NYSE:SSI), OfficeMax Inc (NYSE:OMX)
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares gained 4.12% to $18.94. The company, on July 30, reported better-than-expected financial results for fiscal first quarter 2014, ended June 30, 2013. In addition, the Company increased its financial outlook for fiscal year 2014, ending March 31, 2014, and provided its initial financial outlook for fiscal second quarter 2014, ending September 30, 2013.
For fiscal first quarter 2014, GAAP net revenue was $142.7 million, as compared to $226.1 million for fiscal first quarter 2013. GAAP net loss from continuing operations narrowed to $61.9 million, or $0.71 per diluted share, as compared to $110.8 million, or $1.30 per diluted share, for the year-ago period. Non-GAAP net loss narrowed to $47.1 million, or $0.54 per diluted share, as compared to $98.8 million, or $1.16 per diluted share, for the year-ago period.
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Infinera Corp.(NASDAQ:INFN) shares decreased 2.55% to $9.95. The company on August 19 announced that Dacom Crossing, a Korean provider of international IP communications, has deployed the Infinera DTN-Xpacket optical networking platform delivering a fully integrated network connecting Seoul, the terrestrial backhaul network and the EAC Korea landing station. The Infinera Intelligent Transport Network, featuring the DTN-X, enables Dacom Crossing to offer 10, 40 and 100 Gigabit Ethernet (GbE) services in addition to existing International Private Lease Circuit services up to 10 Gigabit per second (Gb/s).
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Stage Stores Inc (NYSE:SSI) shares declined 6.48% to $19.91. The company on August 22 reported that its second-quarter earnings decreased to $9.6 million, or $0.29 per share, from $11.7 million or $0.37 per share, last year. The company reported adjusted earnings of $0.41 per share for the quarter. Analysts expected the company to report profit per share of $0.46 for the quarter. Total sales increased 3.6% to $395 million from $382 million prior year. Comparable store sales increased 1.7%. Analysts expected revenue of $403.55 million for the quarter.
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OfficeMax Inc (NYSE:OMX) shares gained 0.84% and closed at $10.81. Office Depot Inc. (ODP) and OfficeMax Inc., which agreed to merge in February, narrowed the field of candidates to be the combined company’s chief executive officer down to five and plan to pick one by September.
More than 100 candidates have been reviewed and eight have been interviewed, the companies said today in a statement, without naming the remaining five. The search is being conducted by Korn/Ferry International (KFY) and a committee co-chaired by OfficeMax director Jim Marino and Office Depot director Nigel Travis.
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Here at Winston 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. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t be disappointed.
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