Boston, MA -- (SBWIRE) -- 09/06/2013 -- 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: (Ambarella Inc (NASDAQ:AMBA), Walter Energy, Inc. (NYSE:WLT), Mattress Firm Holding Corp (NASDAQ:MFRM), RF Micro Devices, Inc. (NASDAQ:RFMD)
Ambarella Inc (NASDAQ:AMBA) shares increased 13% to $17.33. The company on Sept. 5 announced financial results for its fiscal second quarter ended July 31, 2013.
GAAP net income for the second quarter of fiscal 2014 was $6.3 million, or $0.21 per diluted ordinary share, compared with GAAP net income of $5.2 million, or $0.19 per diluted ordinary share, for the same period in fiscal 2013. Revenue for the second quarter of fiscal 2014 was $37.7 million, up 35% from $28.0 million in the same period in fiscal 2013.
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Walter Energy, Inc. (NYSE:WLT) shares increased 0.63% to $14.41. Standard & Poor's Ratings Services said on Sept. 5 that it lowered its corporate credit rating on Walter Energy Inc. to 'B-' from 'B'. We also lowered the ratings on the existing senior secured debt to 'B' from 'B+' and the senior unsecured debt to 'CCC+' from 'B-'.
Additionally, WLT’s Director David Beatty acquired 10,000 shares of Walter Energy stock on the open market in a transaction dated August 9. The shares were purchased at an average price of $12.49 per share, for a total transaction of $124,900.00.
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Mattress Firm Holding Corp (NASDAQ:MFRM) shares declined 13.65% to $35.98. The company on Sept. 6 announced its financial results for the second fiscal quarter (13 weeks) ended July 30, 2013. Net sales for the second fiscal quarter increased 15.5% to $302.5 million. The Company reported second fiscal quarter earnings per diluted share ("EPS") on a generally accepted accounting principles ("GAAP") basis of $0.41, and EPS on a non-GAAP adjusted basis, excluding acquisition-related and ERP system implementation costs ("Adjusted"), of $0.43.
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RF Micro Devices, Inc. (NASDAQ:RFMD) stock declined 0.57% to $5.24. The company on August 26 said that it has shipped more than one million RF7196D high-power, high-efficiency CMOS power amplifiers (PAs). The ultra-low cost RF7196D is RFMD's newest and most innovative CMOS PA, delivering a revolutionary combination of cost, size and performance. It is in mass production in support of multiple high-volume 2G and 3G handset platforms, and shipments are expected to increase rapidly, reaching approximately 10 million units by the end of the September quarter.
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