Boston, MA -- (SBWIRE) -- 08/26/2013 -- 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: (Boyd Gaming Corporation (NYSE:BYD), Crocs, Inc. (NASDAQ:CROX), Ambarella Inc (NASDAQ:AMBA), Ion Geophysical Corp (NYSE:IO)
Boyd Gaming Corporation (NYSE:BYD) shares jumped 2.23% to $11.94. The company on August 1 announced that it has priced a public offering of 16,500,000 shares of its common stock at $12.00 per share. Total gross proceeds from the offerings will be approximately $198,000,000.
Additionally, the company on July 30 reported a second quarter net income of $11.6 million or $0.13 per share compared with $0.97 million or $0.01 per share during the same quarter last year. The company reported adjusted breakeven per share for the quarter. The company posted net revenues of $738.7 million, from $614.1 million during the comparable quarter last year. Analysts expected the company to report breakeven per share on revenues of $740.33 million for the quarter.
How Should Investors Trade BYD After The Recent Volatility? Get Free Report Here
Crocs, Inc. (NASDAQ:CROX) shares declined 1.07% to $13.86. The company, on July 24, reported financial results for the second quarter of 2013. Revenue for the second quarter of 2013 increased 9.9% to $363.8 million compared with revenue of $330.9 million reported in the second quarter of 2012. For second quarter of 2013, the company had net income of $35.4 million or $0.40 per diluted share, compared with net income of $61.5 million or $0.68 per diluted share in the prior year period.
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Ambarella Inc (NASDAQ:AMBA) shares increased 1.14% to $15.05. The company announced that it will hold its Q2 FY 2014 conference call on Thursday, Sept. 5, 2013, at 2pm Pacific Time. The company will issue its earnings release after the market closes the same day. The company is a developer of semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display.
Is AMBA A Good Buy After The Recent Price Movement? Find Out Here
Ion Geophysical Corp (NYSE:IO) shares jumped 4.10% and closed at $4.82. The company on August 7 reported second quarter 2013 revenues of $120.9 million, a 15% increase from revenues of $105.2 million in second quarter 2012. Including the legal accrual, ION reported a net loss of $(71.1) million, or $(0.45) per diluted share, in the second quarter. Excluding the legal accrual, net income was $0.4 million, or $0.00 per diluted share, compared to net income of $12.0 million, or $0.08 per diluted share, in second quarter 2012.
Is IO A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
Here at Winston 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. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t be disappointed.
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