News Buzz: NQ Mobile, Ciena, MER Telemanagement Solutions, Finisar Corporation

Lakeway, NY -- (SBWIRE) -- 03/07/2013 -- ThePennyStockProfiler.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:-

NQ Mobile Inc (ADR) (NYSE:NQ) shares gained 18.70% to $10.43 after the company yesterday announced that for the first quarter of 2013, it expects net revenues to be in the range of $32.8 million and $33.3 million and raises fiscal 2013 net revenue guidance from the previously issued range of $150 million to $155 million to a range of $178 million to 183 million. Analysts expect the Company to report revenues of $29.69 million for the first quarter of 2013 and revenues of $153.99 million for fiscal 2013.

Is NQ a Still a Buy after the Solid momentum? Let’s Find out Here

Ciena Corporation (NASDAQ:CIEN) stock jumped 13.79% to $17 after the company today 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.

Is CIEN a Strong Buying Opportunity After The Recent Slump? Find out Here

MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) shares gained 7.40% to $4.74 in the morning hour after the company today announced that it received a tax assessment from the Israeli tax authorities relating to the Tel-Aviv District Court’s decision with respect to the 1997 to 1999 tax years. As a result of the assessment, MTS increased the provision in its financial statements for this tax ruling by approximately $600,000.

Should MTSL Buy MTSL After The Recent Movement? Let’s Find out Here

Finisar Corporation (NASDAQ:FNSR) shares jumped 5% to $15.81. The company confirmed that it will announce its fiscal third quarter 2013 financial results for the period ending January 27, 2013, at the close of market on Thursday, March 7, 2013. The announcement will be followed by a conference call with analysts at 2:00 p.m. PST/ 5:00 p.m. EST.

Is FNSR a Strong Buying Opportunity After The Recent Slump? Find out Here

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