Boston, MA -- (SBWIRE) -- 09/13/2013 -- 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: (EZchip Semiconductor Ltd. (NASDAQ:EZCH), Protalix BioTherapeutics Inc. (NYSEMKT:PLX), The Men's Wearhouse, Inc. (NYSE:MW), ExOne Co (NASDAQ:XONE)
EZchip Semiconductor Ltd. (NASDAQ:EZCH) shares decreased 20.75% and closed at $24.52 in yesterday’s session. Benchmark Company analyst Gary Mobley on Sept. 12 reiterated a Buy rating and $40.00 price target on EZchip Semiconductor Ltd.
Additionally, EZCH tumbled to a four-month low in New York on Sept. 12 on concern Cisco Systems Inc. (CSCO) will develop the Israeli chipmaker’s technology in-house, reducing revenue growth. Cisco, the biggest maker of networking equipment, said today that it will develop its own nPower integrated network processor. EZchip received about 40% of its revenue from Cisco, according to data compiled by Bloomberg. The product will compete with EZchip’s product, said Jay Srivatsa, an analyst Chardan Capital Markets LLC.
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Protalix BioTherapeutics Inc. (NYSEMKT:PLX) shares declined 15.11% to $4.72. The company on Sept. 12 announced the pricing of $60 million principal amount of its 4.50% Convertible Notes due 2018 (the "Notes") through a private offering. The Company has granted the initial purchaser an option to purchase up to an additional $9 million principal amount of the Notes on the same terms and conditions, to cover over-allotments, if any, exercisable for 30 days after the pricing date of the Notes. The offering is expected to close on September 18, 2013, subject to satisfaction of customary closing conditions.
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The Men's Wearhouse, Inc. (NYSE:MW) shares decreased 12.10% to $34.08. The company on Sept. 11 said its fiscal second-quarter earnings fell 28% as the company's results were hurt by several one-time charges and a shift in quarterly tuxedo rental revenues. For the quarter ended Aug. 3, the company reported a profit of $42.9 million, or 85 a share, down from $59.4 million, or $1.15 a share, a year earlier. Adjusted earnings were $1.01 a share. Revenue slid 2.3% to $647.3 million. Analysts expected a profit of $1.14 on revenue of $670 million.
Looking forward, the company the company lowered its adjusted earnings guidance for the full year by 30 cents to a range of $2.40 to $2.50 a share.
Is MW A Good Buy After The Recent Price Movement? Find Out Here
ExOne Co (NASDAQ:XONE) shares declined 11.33% to $55.54. The company on Sept. 10 announced that it has priced its previously announced underwritten public offering of 2,656,000 shares of its common stock at a price of $62.00 per share. Of the 2,656,000 shares sold, 1,106,000 shares were sold by ExOne and 1,550,000 were sold by certain selling stockholders. The proceeds to ExOne from the sale of shares are expected to be approximately $64.8 million after deducting the underwriting discounts and commissions and estimated offering expenses. The closing of the offering is expected to take place on September 13, 2013. The underwriters have an option to purchase up to an additional 398,400 shares of common stock from certain selling stockholders.
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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 sure you won’t be disappointed.
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