Boston, MA -- (SBWIRE) -- 09/10/2013 -- 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: (Ambarella Inc (NASDAQ:AMBA), Ferro Corporation (NYSE:FOE), SUPERVALU INC.(NYSE:SVU), Ruckus Wireless Inc (NYSE:RKUS)
Ambarella Inc (NASDAQ:AMBA) shares increased 6.03% to $17.67. The company on Sept. 5 announced financial results for its fiscal second quarter ended July 31, 2013. GAAP net income for the second quarter of fiscal 2014 was $6.3 million, or $0.21 per diluted ordinary share, compared with GAAP net income of $5.2 million, or $0.19 per diluted ordinary share, for the same period in fiscal 2013. Revenue for the second quarter of fiscal 2014 was $37.7 million, up 35% from $28.0 million in the same period in fiscal 2013.
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Ferro Corporation (NYSE:FOE) shares gained 7.13% to $8.11. The company on Sept. 9 announced that it has entered into a five-year agreement with Procurian Inc., a leading specialist in procurement solutions, and expanded its relationship with Capgemini, a leading provider of technology and outsourcing services, to maximize the value derived from the Company's indirect spend procurement process. As part of Ferro's value creation strategy, the Company is initiating a comprehensive program to transform the way indirect spend is managed, improving procurement effectiveness and reducing costs.
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SUPERVALU INC.(NYSE:SVU) shares climbed 2.32% to $7.50. The company on July 24 announced that as soon as practicable on or following August 7, 2013 the Company will grant Mr. Bruce Besanko stock options to acquire 225,000 shares of Company common stock with an exercise price equal to the closing price of a share of Company common stock on the New York Stock Exchange on the grant date and 225,000 restricted stock shares of Company common stock.
Additionally, the company on July 18 posted first-quarter net earnings of $85 million, or $0.34 a share. Adjusted first-quarter fiscal 2014 net earnings from continuing operations totaled $34 million, or $0.14 a share. Quarterly net sales were $5.16 billion, compared with $5.24 billion last year. Analysts expected earnings per share of $0.06 on revenues of $5.17 billion for the quarter.
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Ruckus Wireless Inc (NYSE:RKUS) shares jumped 4.31% to $15.96. The company announced that Selina Lo, president and CEO, and Seamus Hennessy, chief financial officer, will be presenting at the Deutsche Bank's dbAccess Technology Conference in Las Vegas on Wednesday, September 11, 2013.
Additionally, the company on July 31 announced second quarter revenue of $63.9 million, an increase of 30.6% from the second quarter of 2012. Second quarter GAAP net income was $0.7 million, compared with GAAP net income of $20.6 million in the year ago period.
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