Boston, MA -- (SBWIRE) -- 09/11/2013 -- 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: (NII Holdings, Inc.(NASDAQ:NIHD), Dendreon Corporation(NASDAQ:DNDN), Cirrus Logic, Inc.(NASDAQ:CRUS), InvenSense Inc (NYSE:INVN)
NII Holdings, Inc.(NASDAQ:NIHD) shares increased 3.85% to $7.02. The company on Aug. 19 announced it has completed the previously announced sale of its Peruvian operations to Empresa Nacional de Telecomunicaciones S.A. (Bolsa de Comercio de Santiago: ENTEL) for an aggregate value of $410.6 million, which reflects estimated adjustments for cash, debt and working capital balances as of the closing date. The transaction, which was structured as a purchase of the shares of NII's indirect subsidiary, Nextel del Peru S.A. ("Nextel Peru"), was completed as part of NII's previously announced strategy to focus its capital and other resources primarily in Mexico and Brazil, its two largest markets.
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Dendreon Corporation(NASDAQ:DNDN) shares declined 2.61% to $2.99. On Sept. 9 DNDN’s stock was rated new Buy by R.F. Lafferty with a price target of $8. Lafferty noted low expectations for Provenge, a drug analysts have strong conviction will have a place in treatment of prostate cancer. Lafferty thinks the company is positioned to turn profitable. Against this backdrop, analysts view risk/reward as positive.
Additionally, the company on August 8 reported results for the second quarter ended June 30, 2013. Net loss in the second quarter of 2013 was $68.8 million, or $0.45 per share, compared to a net loss of $96.1 million, or $0.65 per share for the same period in 2012.
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Cirrus Logic, Inc.(NASDAQ:CRUS) shares declined 1.41% to $23.09. The company on July 25 reported first-quarter profit of $20.64 million or $0.31 per share, up from $6.93 million or $0.10 per share in the same period last year. Revenues totaled $155.13 million, up from $99.01 million last year. Analysts expected revenues of $160.12 million.
Looking forward, the company has forecast second quarter revenues in the range of $170 million to $190 million. Analysts currently expect second-quarter revenues of $189.99 million.
Is CRUS A Good Buy After The Recent Price Movement? Find Out Here
InvenSense Inc (NYSE:INVN) shares increased 1.06% to $18.19. The company on Sept. 4 announced the appointment of Mr. Eric Stang to its Board of Directors. The election of Mr. Stang increases the size of InvenSense's board to seven members. Mr. Stang currently serves as a Director and President and Chief Executive Officer of Ooma, Inc., a provider of broadband telephony products, a position he has held since January 2009.
Is INVN A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
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