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: (McDermott International (NYSE:MDR), Infinera Corp.(NASDAQ:INFN), Cypress Semiconductor Corporation (NASDAQ:CY), MannKind Corporation(NASDAQ:MNKD)
McDermott International (NYSE:MDR) shares decreased 1.47% to $7.39. CECO Environmental Corp. (NasdaqGM: CECE), a global leader in air pollution control systems, product recovery and filtration technology, announced on August 27 that it has completed the previously announced acquisition of Met-Pro Corporation. With pro forma revenues of approximately $300 million, the transaction creates a clear global market leader in air pollution control, product recovery and fluid handling technology.
The announcement follows shareholder approval of the transaction at each of the Special Meetings of CECO and Met-Pro, respectively, on August 26, 2013. Following the close of the market on August 27, 2013, Met-Pro common shares ceased trading on the NYSE.
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Infinera Corp.(NASDAQ:INFN) shares increased 9.39% to $10.14. The company on August 19 announced that Dacom Crossing, a Korean provider of international IP communications, has deployed the Infinera DTN-Xpacket optical networking platform delivering a fully integrated network connecting Seoul, the terrestrial backhaul network and the EAC Korea landing station. The Infinera Intelligent Transport Network, featuring the DTN-X, enables Dacom Crossing to offer 10, 40 and 100 Gigabit Ethernet (GbE) services in addition to existing International Private Lease Circuit services up to 10 Gigabit per second (Gb/s).
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Cypress Semiconductor Corporation (NASDAQ:CY) stock decreased 2.12% to $11.08. The company on August 29 announced that Executive Vice President of Finance and Chief Financial Officer, Brad Buss, will discuss Cypress's business and strategic outlook at two investor events in September. First, Buss will present at the 2013 Citi Technology Conference on September 4 at the Hilton Hotel in New York. The presentation will begin at 11:15 a.m. Eastern Time. Second, Buss will address the Deutsche Bank 2013 dbAccess Technology Conference at The Cosmopolitan of Las Vegas on September 10 at 11:00 a.m. Pacific Time.
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MannKind Corporation(NASDAQ:MNKD) shares increased 1.90% to $5.90. 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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