24/7 Wall St. » CNXT

Top Active Trader Alert Stocks (BBEP, CNXT, PNNT)

247wallst — Tue, 08 Feb 2011 13:55:50 +0000

Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Breitburn Energy Partners, LLC. (NASDAQ: BBEP), Conexant Systems, Inc. (NASDAQ: CNXT), and Pennant Park, Inc. (NASDAQ: PNNT).

Breitburn Energy Partners, LLC. (NASDAQ: BBEP) is down 5% premarket to $21.16, relative to a 52-week range of $13.12-$23.14. The company issued a public offering of 4 million shares.

Conexant Systems, Inc. (NASDAQ: CNXT) is up 18% on heavy volume to $2.47, relative to a 52-week range of $1.32-$5.27. The company stated it was considering a bid from another company that could top the $200 million deal offered by Standard Microsystems.

Pennant Park, Inc. (NASDAQ: PNNT) is down 5% premarket on heavy trading to $12.41, relative to a 52-week range of $8.09-$13.19. The company announced it will be releasing a sizeable public stock option.

Filed under: Pre-Market Activity, Trading Alert Tagged: BBEP, CNXT, PNNT

Top Active Trader Alert Stocks (CNXT, HILL, STRA)

247wallst — Mon, 10 Jan 2011 13:53:35 +0000

Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Conexant (NASDAQ: CNXT), Dot Hill Systems (NASDAQ: HILL), and Strayer Education, Inc. (NASDAQ: STRA).

Conexant (NASDAQ: CNXT) is up nearly 15% premarket to $2.18, relative to a 52-week range of $1.32-$5.17. The move comes after the announcement that Standard Microsystems would be purchasing the company.

Dot Hill Systems (NASDAQ: HILL) is up 13% to $2.14, relative to a 52-week range of $1.01-$2.15. The company recently raised its 4Q adjusted earnings guidance.

Strayer Education, Inc. (NASDAQ: STRA) is down nearly 25% to $114, relative to a 52-week range of $124.01-$262.44. Piper Jaffray recently lowered its price target from $136 to $119.

Filed under: Pre-Market Activity, Trading Alert Tagged: CNXT, HILL, STRA

Top Analyst Upgrades (COF, CMCSA, CMA, CNXT, CVG, DEPO, DTSI, QSFT, SY, WFC, WEN)

247wallst — Mon, 05 Oct 2009 11:23:59 +0000

There were many more upgrades than downgrades seen early this Monday morning. These are top upgrades and positive research calls from Wall Street analysts we have seen so far:

Capital One Financial (NYSE: COF) Raised to Conviction Buy List at Goldman Sachs.
Comcast (NASDAQ: CMCSA) Raised to Outperform at Wells Fargo.
Comerica (NYSE: CMA) Raised to Neutral from Sell at Goldman Sachs.
Conexant Systems (NASDAQ: CNXT) Started as Outperform at Oppenheimer.
Convergsys (NYSE: CVG) Raised to Buy at Citigroup.
Depomed (NASDAQ: DEPO) Started as Buy at Merriman Curhan Ford.
Digital Theater Systems (NASDAQ: DTSI) Raised to Buy at Deutsche Bank.
Quest Software (NASDAQ: QSFT) Raised to Buy at Auriga.
Sybase (NYSE: SY) Started as Buy at BofA/Merrill Lynch.
Wells Fargo & Co. (NYSE: WFC) Raised to Buy at Goldman Sachs.
Wendy’s/Arby’s (NYSE: WEN) Started as Buy at SunTrust Robinson Humphrey.

You can join our open email distribution list which goes out several times per week for reminders of the analyst upgrades and downgrades, top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted in Analyst Calls, Banking, Technology Companies Tagged: CMA, CMCSA, CNXT, COF, CVG, DEPO, DTSI, QSFT, SY, WEN, WFC

Big Price Movers For The Day (CNXT)(HERO)(HLCS)(VICL)(AAPL)

247wallst — Thu, 24 Sep 2009 12:54:54 +0000

For news and details on stocks that will be trading significantly up or down on volume, visit Volume Spike Investor.

Today’s coverage includes Hercules OffShore (HERO), Conexant (CNXT), Vical (VICL), and Helicos BioSciences (HLCS).

Apple (AAPL) is also moving on an accounting change that could help its earnings.

Douglas A. McIntyre

Posted in Pre-Market Activity Tagged: AAPL, CNXT, HERO, HLCS, VICL

Conexant One To Watch on Guidance (CNXT)

247wallst — Tue, 30 Sep 2008 07:20:22 +0000

Conexant Systems Inc. (NASDAQ: CNXT) did something unusual even for a small cap stock. The communications chip company raised its guidance. It now sees EPS of $0.24 to $0.26 vs. $0.15 estimates. It also reiterated Q4 revenues at $120 to $125 million vs. estimates of $122.27 million. It now expects core gross margins of 54% to 55% rather than 51% to 52% because of a richer than anticipated product mix. A semiconductor company for communications chips raising guidance in this environment is rather rare, even for a $150 million market cap stock. The company also attributed better than expected cost management. Shares are indicated up around $3.00 after a $2.88 close, although so far no volume has been seen. Its 52-week trading range is $2.68 to $14.80.

Jon C. Ogg
September 30, 2008

Posted in Earnings, Semiconductor Tagged: CNXT

Nasdaq Delisting Candidates, To The Pink Sheets

247wallst — Thu, 17 Apr 2008 12:30:33 +0000

The list of possible delisting candidates is too long to publish here. These companies are called "non-compliant" usually for late SEC filings or stock prices which trade below the exchange minimum share price. Most of these companies can appeal and go through a process to remain listed.

The entire list is published.here. Among some of the notables:

Applied Digital Solutions (DIGA)

Atari (ATAR)

Children’s Place (PLCE)

Conexant (CNXT)

EntreMed (ENMD)

Force Protection (FRPT)

infoUSA (IUSA)

Mindspeed (MSPD)

PixelWorks (PXLW)

QMed (QMED)

Sonic Foundry (SOFO)

Sonic Solutions (SNIC)

TranSwitch (TXCC)

Zila (ZILA)

Douglas A. McIntyre

Conexant Will Try The Reverse Stock Split Game (CNXT)

247wallst — Fri, 22 Feb 2008 09:06:51 +0000

Conexant Systems Inc. (NASDAQ: CNXT) is going to try a reverse stock split to juice its shares. As the stock trades 6 million shares per day and is at the very lowest-end of its $0.55 to $2.09 trading range over the last year, it is of little surprise that the company will try this. Conexant was literally a $100+ stock at one time back in the tech bubble days.

In a filing, the company said that shareholders at the annual shareholders meeting approved a proposal that would allow for a reverse stock split for a period of up to one year. The company has also noted that John Marren, who came over from the old GlobespanVirata days, has resigned from the board in conjunction with its annual shareholders meeting.

This is one we have covered with caution in our weekly "10 Stocks Under $10" letter for quite some time. The company is outside of listing requirements over its minimum price, making this even less of a surprise. Other companies that have pursued reverse stock splits in recent times have been tech companies such as Sun Microsystems, JDS Uniphase, Nortel, and others. You can ask around about the opinions of a reverse stock split, but you’ll find more indifference than anything.

Jon C. Ogg
February 22, 2008

The 52-Week Low Club (FNSR)(CNXT)

247wallst — Fri, 14 Dec 2007 16:54:02 +0000

CDC Corp (CHINA) Ugly earnings. Falls to $4.15 from 52-week high of $11.45.

Finisar ((FNSR) No recent news. Fiber optic equipment maker falls to $1.38 from 52-week high of $4.21.

Conexant (CNXT) Second day of sell-off. Down to $.92 from 52-week high of $2.20

Retail Ventures (RVI) Bad quarter. Sells off to $4.15 from 52-week high of $23.30.

Quiksilver (ZQK) Apparel company drops outlook. Drops to $8.87 from 52-week high of $16.08.

Black & Decker (BDK) Housing hurts financial results. Down to $71.95 from 52-week high of $97.01.

Marriott (MAR) Travel stocks continue to sell off. Down to $31.34 from 52-week high of $52.

Starwood Hotels (HOT) Ditto. Weekly hotel room revenue numbers weak. Drops to $46.22 from 52-week high of $75.45.

Douglas A. McIntyre

The 52-Week Low Club (SCA)(CNXT)(ODP)(AMD)

247wallst — Thu, 13 Dec 2007 16:01:09 +0000

Security Capital Assurance (SCA) Bond insurance company does not have enough capital to keep strong bond rating. Drops to $3.56 from 52-week high of $34.52.

CSK Auto (CAO) Company gets brokerage downgrade. Falls to $4.30 from 52-week high of $19.14.

Office Depot (ODP) Still falling after warning on sales. Drops to $14.11 from 52-week high of $41.06.

Neurocrine Biosciences (NBIX) FDA rejects company’s sleep drug. Shares off to $5.01 from 52-week high of $14.88.

NII Hldgs (NIHD) Company is participating in a December 18 third-generation license auction in Brazil. No other news. Falls to $43.37 from 52-week high of $90.43.

Conexant (CNXT) No news, but down to $.95 from 52-week high of $2.21.

AMD (AMD) Bad reaction to analyst day presentations. Falls to $8.42 from 52-week high of $23.

Douglas A. McIntyre

Conexant (CNXT) Takes Big Slide

247wallst — Thu, 13 Dec 2007 15:20:37 +0000

One of Wall St.’s most widely traded stocks, Conexant (CNXT) is off almost 7% to $.98, breaking below $1 for the first time this year.

Volume is an unusually heavy 17.5 million shares.

Douglas A. McIntyre