Boston, MA -- (SBWIRE) -- 08/28/2013 -- 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: (InvenSense Inc (NYSE:INVN), Aruba Networks, Inc.(NASDAQ:ARUN), Dendreon Corporation(NASDAQ:DNDN), Quiksilver, Inc. (NYSE:ZQK)
InvenSense Inc (NYSE:INVN) shares increased 0.63% to $17.45. Investment analysts at Needham & Company began coverage on shares of INVN in a note issued to investors on August 22. The firm set a “buy” rating and a $20.00 price target on the stock.
Additionally, the company on July 30 announced its first quarter fiscal year 2014 results. Net revenue for the first fiscal quarter of 2014 was $55.9 million, up from $39.2 million for the first fiscal quarter of 2013. Net income for the first fiscal quarter of 2014 was $10.3 million, up from $7.7 million for the first fiscal quarter of 2013. Diluted earnings per share for the first fiscal quarter of 2014 was $0.12, up from $0.09 for the first fiscal quarter of 2013.
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Aruba Networks, Inc.(NASDAQ:ARUN) shares decreased 3.96% to $16.75. The company on August 22 released financial results for its fourth quarter and fiscal year ended July 31, 2013. Revenue for the fourth quarter was $153.1 million, compared with $139.2 million reported in the year ago period. GAAP net loss in the quarter was $16.3 million, or $0.14 per share, compared with a GAAP net loss of $3.0 million, or $0.03 per share, in the same quarter last year. Non-GAAP net income stood at $15.1 million, or $0.12 per diluted share, compared to net income of $22.1 million, or $0.18 per diluted share.
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Dendreon Corporation(NASDAQ:DNDN) shares decreased 3.48% to $2.77. The company on August 8 reported results for the second quarter ended June 30, 2013. Net product revenue for the quarter was $73.3 million compared to $80.0 million for the quarter ended June 30, 2012, down 8.4% year over year and up 8.4% on a sequential basis. Net loss in the second quarter of 2013 was $68.8 million, or $0.45 per share, compared to a net loss of $96.1 million, or $0.65 per share for the same period in 2012.
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Quiksilver, Inc. (NYSE:ZQK) shares decreased 3.32% to $4.95. Zacks upgraded shares of Quiksilver from an underperform rating to a neutral rating in a research note released on August 19. They currently have $5.50 target price on the stock. Separately, analysts at B. Riley downgraded shares of Quiksilver from a buy rating to a neutral rating in a research note to investors on August 12. They now have a $6.50 price target on the stock, down previously from $9.25.
Additionally, the company announced that it plans to issue a press release reporting its fiscal 2013 third quarter financial results after the close of the market on Thursday, September 5, 2013, and will conduct a conference call that same day at 4:30 p.m. Eastern time to review its results.
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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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