Boston, MA -- (SBWIRE) -- 09/04/2013 -- 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: (Cumulus Media Inc (NASDAQ:CMLS), Exelixis, Inc. (NASDAQ:EXEL), InvenSense Inc (NYSE:INVN), GT Advanced Technologies Inc(NASDAQ:GTAT)
Cumulus Media Inc (NASDAQ:CMLS) shares gained 8.12% to $5.19. Dial Global, Inc. (OTC Pink: DIAL) (the "Company") on August 30 announced that Dial Global and Cardinals Merger Corporation, a wholly-owned subsidiary of Cumulus Media Inc. ("Cumulus"), have entered into an agreement and plan of merger ("Merger Agreement"). As described in more detail in a Form 8-K filed earlier today by Cumulus (NASDAQ: CMLS), Cardinals Merger Corporation will merge with and into Dial Global and Dial Global will become a wholly owned subsidiary of Cumulus. The merger is subject to customary closing conditions and other conditions set forth in the aforementioned Form 8-K.
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Exelixis, Inc. (NASDAQ:EXEL) shares increased 4.59% to $5.24. EXEL Director Lance Willsey purchased 10,000 shares of the stock on the open market in a transaction dated August 29. The shares were purchased at an average price of $5.15 per share, for a total transaction of $51,500.00. Following the completion of the transaction, the director now directly owns 333,700 shares of the company’s stock.
Additionally, the company on August 6 reported financial results for the quarter ended June 30, 2013. Net revenues for the quarter ended June 30, 2013 were $11.9 million, compared to $7.8 million for the comparable period in 2012. Net loss for the quarter ended June 30, 2013 was ($62.2) million, or ($0.34) per share, basic, compared to ($36.5) million, or ($0.25) per share, basic, for the comparable period in 2012.
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InvenSense Inc (NYSE:INVN) shares decreased 0.67% to $17.75. Investment analysts at Needham & Company began coverage on shares of INVN in a note issued to investors on August 22. The firm set a “buy” rating and a $20.00 price target on the stock.
Additionally, the company on July 30 announced its first quarter fiscal year 2014 results. Net revenue for the first fiscal quarter of 2014 was $55.9 million, up from $39.2 million for the first fiscal quarter of 2013. Net income for the first fiscal quarter of 2014 was $10.3 million, up from $7.7 million for the first fiscal quarter of 2013. Diluted earnings per share for the first fiscal quarter of 2014 was $0.12, up from $0.09 for the first fiscal quarter of 2013.
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GT Advanced Technologies Inc(NASDAQ:GTAT) shares increased 3.87% to $6.71. Research analysts at Gilford Securities boosted their target price on shares of GTAT from $6.40 to $10.00 in a report released on August 22. The firm currently has a “buy” rating on the stock.
Additionally, the company on August 5 reported results for the second quarter of fiscal year 2013, which ended June 29, 2013. Revenue for the second quarter came in at $168.3 million. Non-GAAP net income was $18.1 million in the second quarter, compared to a non-GAAP net loss of $8.9 million in the first quarter and non-GAAP net income of $19.3 million for the second quarter of calendar 2012.
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