Stocks Recap: STEC, Joe's Jeans Inc, Swift Transportation Co, PhotoMedex Inc

Dallas, TX -- (SBWIRE) -- 03/14/2013 -- Marketbuzzreport.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:-

STEC, Inc.(NASDAQ:STEC) shares jumped 7.89% and closed at $5.47. The company, on Mar. 6, announced that the STEC™ s1120 PCIe Accelerator has been qualified on the OS Nexus storage platform. The qualification provides IT professionals with the assurance they can boost data center and cloud applications efficiently through the combination of the high-performance PCI Express (PCIe)-based s1120 SSD and the cost-effective, easily deployed OS Nexus QuantaStor™ storage system.

Is STEC a Strong Buy After The Recent Gain? Let’s Find out Here

Joe's Jeans Inc. (NASDAQ:JOEZ) shares gained 7.33% to $1.61. The company, on Feb. 21, announced financial results for the fourth quarter ended November 30, 2012. For the fourth quarter ended November 30, 2012, overall net sales were $33.7 million compared to $25.4 million in the prior year comparative period, or a 33% increase. The company generated operating income of $3.2 million compared a loss of $131,000 in the prior year comparative period. Fully diluted earnings per share were $0.03 for the fourth quarter of fiscal 2012 compared to earnings per share of $0.00 in same period a year ago.

Is JOEZ a Strong Buying Opportunity After The Recent Slump? Find out Here

Swift Transportation Co (NYSE:SWFT) shares jumped 7.20% to $15.03. Bank of America reiterated its Buy rating on Swift Transportation on Mar. 4, and raised its price target from $15.00 to $17.00. Bank of America increased their 2013 and 2014 EPS estimates 3% each, to $1.19 and $1.35, from $1.15 and $1.30, respectively. Additionally, they are increasing their price objective 13%, to $17 from $15, as they increase target multiple to 14x from 13x.

Should Investors Consider SWFT After The Recent price Action? Get Free Trend Analysis Here

PhotoMedex Inc(NASDAQ:PHMD) shares climbed 6.38% to $16 after the company yesterday reported that fourth quarter net income was $5.9 million or $0.27 per share, as compared to a net loss of $3.0 million or $0.22 per share for the fourth quarter of 2011. Non-GAAP adjusted income per share was $0.45 up from $0.22 last year. Revenues for the fourth quarter of 2012 were $54.8 million, compared to revenues for the fourth quarter of 2011 of $28.8 million. Analysts expected the company to report earnings of $0.21 per share on revenues of $52.78 million for the quarter.

Should Investors Consider PHMD After The Recent price Action? Get Free Trend Analysis Here

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