Orlando, FL -- (SBWIRE) -- 10/28/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Zogenix, Inc.(NASDAQ:ZGNX), Qlik Technologies Inc(NASDAQ:QLIK).
Zogenix, Inc.(NASDAQ:ZGNX) shares increased 35.71% to $3.04 in the last trading session. The company on Oct. 25 announced that the U.S. Food and Drug Administration (FDA) has approved ZohydroTM ER (hydrocodone bitartrate) extended-release capsules, an opioid agonist, extended-release oral formulation of hydrocodone without acetaminophen, for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. Zogenix expects to launch Zohydro ER in approximately four months.
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Qlik Technologies Inc(NASDAQ:QLIK) shares decreased 19.03% to $27.11. The company on Oct. 24 reported revenue for the third quarter below analysts' expectations, provided fourth-quarter financial guidance below estimates, and also lowered its financial outlook for fiscal 2013.
The company’s third-quarter net income was $3.00 million or $0.03 per share, up from $0.15 million or $0.00 per share in the comparable quarter last year. Adjusted earnings for the quarter were $4.80 million or $0.05 per share, compared to $1.81 million or $0.02 per share in the year-ago period. Analysts expected the company to earn $0.04 per share for the quarter. Total revenue for the quarter grew 21 percent to $104.10 million from $86.10 million in the same period last year. Analysts had a consensus revenue estimate of $107.71 million.
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