Boston, MA -- (SBWIRE) -- 08/29/2013 -- 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: (PMC-Sierra Inc (NASDAQ:PMCS), Aruba Networks, Inc.(NASDAQ:ARUN), Boyd Gaming Corporation (NYSE:BYD), Barnes & Noble, Inc.(NYSE:BKS)
PMC-Sierra Inc (NASDAQ:PMCS) shares increased 1.14% to $6.23. The company on July 29 said that its second-quarter loss was $4.2 million, or 2 cents per share, as compared with a loss of $103,000, or breakeven per share, a year ago. Adjusted earnings for the most recent quarter came to $16.3 million, or 8 cents per share. Revenue fell 7 percent to $127.9 million. Analysts expected adjusted earnings of 8 cents per share on revenue of $130.7 million.
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Aruba Networks, Inc.(NASDAQ:ARUN) shares increased 0.06% to $16.76. The company on August 22 released financial results for its fourth quarter and fiscal year ended July 31, 2013. Revenue for the fourth quarter was $153.1 million, compared with $139.2 million reported in the year ago period. GAAP net loss in the quarter was $16.3 million, or $0.14 per share, compared with a GAAP net loss of $3.0 million, or $0.03 per share, in the same quarter last year. Non-GAAP net income stood at $15.1 million, or $0.12 per diluted share, compared to net income of $22.1 million, or $0.18 per diluted share.
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Boyd Gaming Corporation (NYSE:BYD) shares gained 0.08% to $11.95. The company on August 1 announced that it has priced a public offering of 16,500,000 shares of its common stock at $12.00 per share. Total gross proceeds from the offerings will be approximately $198,000,000.
Additionally, the company on July 30 reported a second quarter net income of $11.6 million or $0.13 per share compared with $0.97 million or $0.01 per share during the same quarter last year. The company reported adjusted breakeven per share for the quarter. The company posted net revenues of $738.7 million, from $614.1 million during the comparable quarter last year. Analysts expected the company to report breakeven per share on revenues of $740.33 million for the quarter.
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Barnes & Noble, Inc.(NYSE:BKS) shares increased 0.07% to $13.88. The company’s retail group head Mitchell Klipper sold about two-thirds of his shares in the beleaguered retailer in the past few days, according to a filing with the Securities and Exchange Commission on August 26.
Moreover, For the quarter ended July 27, Barnes & Noble reported a loss of $87 million, or $1.56 a share, compared with a year-earlier loss of $39.8 million, or 76 cents a share. Revenue slipped 8.5% to $1.33 billion. Analysts most recently projected a loss of 89 cents on revenue of $1.32 billion.
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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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