Top Nasdaq Stocks is issuing a report on four stocks to watch. Pacific Sunwear of California, Inc. (NASDAQ:PSUN), Majesco Entertainment Co. (NASDAQ:COOL), Sky Solar Holdings Ltd (ADR) (NASDAQ:SKYS), and Aeropostale Inc (NYSE:ARO) have been added to our watch list today. Continue reading to find out why. – To get daily alerts on top stocks on the Nasdaq/NYSE subscribe to our newsletter at TopNasdaqStocks.com.
Pacific Sunwear of California, Inc. (NASDAQ:PSUN) is a company that strives to provide its customers a retail option to purchase clothing and accessories in line with the lifestyle associated with California. Having over 600 stores spanning across all 50 U.S. states and Puerto Rico, the company, commonly known as “PacSun”, has a nationwide network of retail location for their customers to utilize. The company’s stock price saw lows of $0.125 on March 31st, but increased 239.73% by April 4th, when the price reached a peak level of $0.425.
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Majesco Entertainment Co. (NASDAQ:COOL) is a stock that has climbed 36.11% since mid-March. On March 18th, the price fell to a daily low of $0.72, however, on April 4th, the stock ascended to a high point of $0.98. Majesco Entertainment is in the business of meeting its client’s video game needs through the development and publishing of products that are family friendly, available on various platforms, and are appealing to the expanding market of digital entertainment enthusiasts. In addition, over the past 25 years Majesco Entertainment has established working relationships with distributors and retailers, ensuring that all of its products are readily available nationwide.
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Sky Solar Holdings Ltd (ADR) (NASDAQ:SKYS) has seen its stock price increase 333.08% since the end of March, as of April 4th. Following the stock falling to a low of $1.30 on March 31st, the security has risen to highs of $5.63 on April 4th. Sky Solar Holdings is a global independent power producer that constructs, owns, and runs solar energy parks across the globe. Utilizing land with preferable conditions, Sky Solar Holdings has founded solar parks in every continent in the world excluding Antarctica.
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Aeropostale Inc (NYSE:ARO) is a specialty retail company that offers a wide selection of clothing and accessories through both their website and storefronts. Its target market segment is 14-17 year old men and women, yet through the use of their sub-brand P.S. from Aeropostale, the company is expanding their reach to include children aged 4-12. Aeropostale’s stock price has increased 92.78% since the end of March, with the price seeing lows of $0.18 on March 31st, and highs of $0.347 on April 4th.
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Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor’s or other person’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. Pursuant to an agreement between us and a non affiliate 3rd party we were hired for a period beginning on 3/20/16 and ending on 6/19/16 to publicly disseminate information about (cool) including on the website and other media including facebook and twitter. We are being paid $100,000 (cash) for or were paid “zero” shares of unrestricted or restricted common shares. We own zero shares of (cool), which we purchased in the open market. We plan to sell the “zero” shares of (cool) that we hold during the time the website and/or facebook and twitter information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (cool) in the open market at any time, including before, during or after the website and information, provide public dissemination of favorable information. Top Nasdaq Stocks has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding SKYS, ARO, or PSUN in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plans,” “should,” “potential,” “forecast,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company’s actual results could differ materially from those described in any forward-looking statements contained herein. Top Nasdaq Stocks is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visithttp://topnasdaqstocks.com/index.php/disclaimer/ website for a more detailed discussion of risks and disclosures.
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Eanings Review: Rambus Inc. (NASDAQ:RMBS), Revlon Inc (NYSE:REV)
Revlon Inc(NYSE:REV) +2.5% after-hours after announcing that President and CEO Fabian Garcia is stepping down “to pursue other opportunities,” and Executive Vice Chair Paul Meister will oversee operations on an interim basis.
REV also says it expects Q4 revenues of $785M, below $801M from the year-earlier quarter but ahead of analyst consensus estimate of $743M, and a $60M-$80M net loss for the quarter due to a charge related to the recent tax law changes.
REV expects Q4 adjusted EBITDA of $110M-$115M vs. $115M analyst consensus.
CFO Chris Peterson also denies rumors that the company is considering a material asset transfer that would shield assets from lenders.
Rambus Inc.(NASDAQ:RMBS) shares are down 5.5% aftermarket following Q4 results that beat revenue estimates and met on EPS. In-line Q1 guidance (under ASC 605 accounting change) has revenue from $94M to $100M (consensus: $100.38M) and EPS from $0.17 to $0.23 (consensus: $0.18).
Revenue breakdown: Royalties, $77.9M (+10% Y/Y); Product, $8.5M (-27%); Contract and other revenue, $15.5M (+2%); Licensing billings, $76.6M (+18%).Key metrics: Non-GAAP operating margin, 31%; total operating expenses, $67.5M; cash and equivalents, $172.2M; cash flow from operations, $33.3M.
ADTRAN, Inc. (NASDAQ:ADTN) Hits New Lows After Issuing disappointing Earnings Forecast
ADTRAN, Inc.(NASDAQ:ADTN) slumped to a 52-week low after forecasting below consensus guidance for Q4, revising its revenue estimate downward to $125M from $155M-$165M earlier and seeing EPS of ~$0.01; analysts had expected EPS of ~$0.14 and revenue of $161.2M.
ADTN also projects Q1 to come in at roughly the same as Q4, misses analyst consensus of $167.5M.
CEO Tom Stanton says Q4 results have been hurt by a merger-related review, which ADTN expects to be completed in 60-90 days, and slowdown in the spending at a domestic Tier 1 customer.
MKM Partners analyst Michael Genovese believes the customer is CenturyLink (CTL -2%), which accounted for 24% of ADTN’s total sales in 2016.
The analyst thinks the weakness should prove temporary, adding that ADTN’s performance likely will accelerate into 2019 as the company stands to benefit from 5G spending; MKM trims its ADTN target price to $25 from $27 but keeps its Buy rating.
Big IPO Coming: Celator Pharmaceuticals Inc(NASDAQ:CPXX), Moleculin Biotech’s (MBRX)
Today at 10am Eastern, Moleculin Biotech ticker symbol MBRX will debut on the Nasdaq stock exchange and is being considered as one of the most highly anticipated IPO’s of 2016 by the street. The excitement and anticipation is arising from many experts saying that Moleculin Biotech’s (MBRX) drug annamycin is far superior to Celator Pharmaceuticals Inc(NASDAQ:CPXX) drug daunorubicin.
CPXX which has been bought out by Jazz Pharmaceuticals plc – Ordinary Shares(NASDAQ:JAZZ) for $1.5 Billion Dollars last week, share price ran from $1.6 to $31 in 2 months. Moleculin Biotech’s share structure is a 1.5m public float Priced at $6.