Boston, MA -- (SBWIRE) -- 08/23/2013 -- 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: (Entravision Communication (NYSE:EVC), Ion Geophysical Corp (NYSE:IO), Quiksilver, Inc. (NYSE:ZQK), Extreme Networks, Inc (NASDAQ:EXTR)
Entravision Communication (NYSE:EVC) shares decreased 4.09% to $5.40. The company on August 1 reported financial results for the three- and six-month periods ended June 30, 2013. Net revenue increased to $57.0 million for the three-month period ended June 30, 2013 from $54.5 million for the three-month period ended June 30, 2012, an increase of $2.5 million. Operating expenses increased to $33.4 million for the three-month period ended June 30, 2013 from $32.5 million for the three-month period ended June 30, 2012, an increase of $0.9 million.
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Ion Geophysical Corp (NYSE:IO) shares dropped 0.22% and closed at $4.63 in the last trading session. The company on August 7 reported second quarter 2013 revenues of $120.9 million, a 15% increase from revenues of $105.2 million in second quarter 2012. Including the legal accrual, ION reported a net loss of $(71.1) million, or $(0.45) per diluted share, in the second quarter. Excluding the legal accrual, net income was $0.4 million, or $0.00 per diluted share, compared to net income of $12.0 million, or $0.08 per diluted share, in second quarter 2012.
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Quiksilver, Inc. (NYSE:ZQK) shares increased 0.58% to $5.16. Zacks upgraded shares of Quiksilver from an underperform rating to a neutral rating in a research note released on August 19. They currently have $5.50 target price on the stock. Separately, analysts at B. Riley downgraded shares of Quiksilver from a buy rating to a neutral rating in a research note to investors on August 12. They now have a $6.50 price target on the stock, down previously from $9.25.
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Extreme Networks, Inc (NASDAQ:EXTR) shares declined 0.26% to $3.88. The company on August 21 announced that its high performance cloud and data center solution was selected as the networking infrastructure by Falcon Broadband to deliver Internet and Wide Area Network (WAN) services to all of Falcon School District 49, just in time for the start of the 2013-2014 school year.
Falcon Broadband was selected by Falcon School District 49 to expand and deploy a new Internet and WAN infrastructure based on a custom solution designed for the Colorado based school district. The business was awarded to Falcon Broadband in February 2013 after they considered four other bidders and construction began in March.
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