Lakeway, TX -- (SBWIRE) -- 03/11/2013 -- vbtrendreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Immersion Corporation (NASDAQ:IMMR) shares jumped 15.66% and closed at $9.53. The company on Mar. 8 said it entered into a multi-year license agreement with Samsung Electronics. Immersion will license its TouchSense and Integrator solutions as well as cover Samsung's prior and future use of simple forms of haptic effects termed Basic Haptic, in smartphones and other mobile devices. Following the deal, Immersion revised up its 2013 revenue guidance.
Looking forward, the company now expects full-year revenue in the range of $44 million to $48 million, up from its earlier guidance of $28 million-$32 million. The company also said it expects adjusted EBITDA for 2013 to be in the range of $12 million to $15 million.
How Should Investors Trade IMMR After The Solid Jump? Let’s Find Out Here
Quicksilver Resources Inc (NYSE:KWK) stock gained 14.59% to $2.12. KWK’s stock was downgraded by equities researchers at McNicoll Lewis & Vlak from a “buy” rating to a “hold” rating in a report issued last week.
Additionally, the company, on Feb. 25, reported a fourth quarter loss of $1.10 billion or $6.47 per share, versus net income of $23.53 million or $0.14 per share in the same period last year. Adjusted net loss for the quarter was $2.39 million or $0.01 per share. Meanwhile, revenues for the three-month period dipped to $179.07 million from $223.09 million in the same quarter a year earlier. Analysts expected the company to report earnings of $0.01 per share on revenues of $168.69 million for the quarter.
Is KWK Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Gasco Energy Inc (NYSE:GSX) shares climbed 14.22% to $0.0490. The company, on Mar. 6, announced financial and operating results for the fourth quarter and full-year. The Company reported fourth quarter net loss of $8.9 million, or $0.05 per basic and diluted share, as compared to a net loss of $4.5 million, or $0.03 per basic and diluted share in the same quarter last year. As of December 31, 2012, Gasco's total assets were $53.9 million, its stockholders' equity was $17.7 million, and cash and cash equivalents were $2.9 million.
Is GSX Buy After The Recent Price Movement? Find Out Here
Ambarella Inc (NASDAQ:AMBA) shares climbed 13.45% to $13.58 after investment analysts at Stifel Nicolaus lifted their target price on shares of AMBA from $10.00 to $17.00 in a note issued to investors on Mar. 8. The firm currently has a “buy” rating on the stock.
Additionally, the company announced its earnings results on Mar. 7. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The company had revenue of $31.50 million for the quarter, compared to the consensus estimate of $29.20 million.
Is AMBA Buy After The Recent Price Movement? Find Out Here
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