Boston, MA -- (SBWIRE) -- 09/03/2013 -- 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: (MannKind Corporation(NASDAQ:MNKD), Forest Oil Corporation (NYSE:FST), Tellabs, Inc. (NASDAQ:TLAB), TiVo Inc.(NASDAQ:TIVO)
MannKind Corporation(NASDAQ:MNKD) shares decreased 1.36% to $5.79. The company on August 14 reported positive preliminary results from Study 171, a Phase 3 clinical study of AFREZZA Inhalation Powder, an investigational, ultra rapid-acting mealtime insulin therapy, administered using MannKind's next-generation (Gen2) inhaler (also known as the Dreamboat™ inhaler), in patients with type 1 diabetes.
Additionally, the company on August 9 reported financial results for the second quarter ended June 30, 2013. The net loss for the second quarter of 2013 was $46.1 million, or $0.16 per share, as compared with a net loss of $36.6 million, or $0.23 per share based on 159.9 million.
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Forest Oil Corporation (NYSE:FST) shares increased 1.83% to $5.56. The company on August 6 said it swung to a second-quarter profit on fewer charges. The company reported a profit of $33.4 million, or 28 cents a share, compared with a year-ago loss of $511.2 million, or $4.44 a share. Adjusted per-share earnings were flat at six cents a share. Revenue declined 14% to $116.8 million. Analysts were expecting earnings of a penny a share on revenue of $120 million.
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Tellabs, Inc. (NASDAQ:TLAB) shares gained 0.45% and closed at $2.22. A new study sponsored by Tellabs on August 29 defines the value of Software Defined Networking (SDN) in mobile backhaul networks. New research by Strategy Analytics finds that SDN can save mobile operators more than $4 billion in capital expenses by 2017.
Additionally, the company on August 1 announced its second-quarter 2013 results. The company said second-quarter loss widened to $7.8 million or $0.02 per share from $4.7 million or $0.01 per share in the same period last year. Adjusted earnings per share were breakeven. Analysts expected the company to report a loss of $0.02 per share for the quarter. Revenues decreased to $212.1 million from $288.1 million last year. Analysts expected revenues of $210.34 million.
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TiVo Inc.(NASDAQ:TIVO) shares fell 1.77% to $11.67. The company on August 27 announced the highest net revenue and profit in the company's history and sharp subscriber growth, prompting the company to predict profits ahead for the foreseeable future.
The company reported a a net profit in the quarter ended July 31 of $268.9 million, or $1.96 a share, from a loss of $27.7 million, or 23 cents a share, a year prior. Adjusted loss were $13.1 million. In May, TiVo had predicted a net loss of $13 million to $16 million and service-and-technology revenue of $68 million to $70 million. Revenue for the fiscal second quarter ended July 31 jumped more than 53% to $100 million. Service-and-technology revenue in particular grew 42% to $77 million.
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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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