Stamford, CT -- (SBWIRE) -- 04/23/2013 -- Jet Life Penny Stocks provides investors with the Best penny stock alerts on a regular basis. We will send you alerts through our Penny Stock Newsletters and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Our today’s focus is on: Harmonic Inc (NASDAQ:HLIT), Vonage Holdings Corp. (NYSE:VG), Quantum Corp (NYSE:QTM)
Harmonic Inc (NASDAQ:HLIT) jumped to new high after disclosing that its Board of Directors provided approval for a modified "Dutch Auction" tender offer to acquire as much as $100 million of Harmonic common stock at $5.75 to $6.25 per share, beginning on April 26, 2013.
Details of the tender offer were provided in a separate press release issued by the company on Monday. Moreover, on April 18, 2013, the company appointed Patrick Gallagher as new Chairman of the Board of Directors, replacing Lewis Solomon, who will retire from the Board prior to the Company`s 2013 Annual Meeting of Stockholders.
For How Long HLIT will Fight for Profitability? Read This Trend Analysis report
Harmonic Inc (NASDAQ:HLIT) climbed +6.90% and closed at $5.89 in the last trading session with the total traded volume of 1.47 million shares. That’s more than the average volume of 510,266. HLIT is now trading above its 50 day moving average of +3.81% and 200 day moving average of +21.03%.
It has outstanding shares of 115.20 million with the total market cap of $678.53 million and its beta value stands at 1.40 times which shows that stock is more volatile.
Vonage Holdings Corp. (NYSE:VG) was also new high price achiever after issuing a statement in response to the FCC's decision to adopt a Notice of Proposed Rulemaking (NPRM) on direct access to telephone numbers for VoIP providers, and provide the company a limited trial of direct access to telephone numbers.
Vonage Holdings Corp. (NYSE:VG) gained +4.76% to close at $3.08 and its overall volume in the last trading session was 2.35 million shares, beating the average volume of 1.39 million. VG hit the day high price of $3.09 and day low of $2.86.
Will VG Continue To Move Higher? Find Out Here
The stock is trading with positive year-to-date performance of +29.96%. It has current ratio of 0.81 and its debt-to-equity ratio is 0.18. The company has total market cap of $659.43 million.
Quantum Corp (NYSE:QTM) surged in final trading hours Monday amid news that it has chosen the greater Austin area in Texas to relocate headquarters and to set up the company's R&D labs. The company took decision after considering attractive proposals from Texas, North Carolina and Florida, that Austin's "Silicon Hills" provides superior business advantages to emerging companies in both the nanotech and biotech fields.
Why Should Investors Buy QTM After The Recent Gain? Just Go Here and Find Out
Quantum Corp (NYSE:QTM) increased +4.10% to close at $1.27 in the last trading session and its total traded volume was 1.55 million shares, beating the average volume of 2.07 million. The company has market cap of $306.02 million.
It has earnings per share of -$0.21, net profit margin of -8.06% and operating margin of -6.53%. The stock has positive year-to-date performance of +2.42% and is trading below its 50 day moving average of -1.58% and 200 day moving average of -9.65%.
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