POINT ROBERTS - November 7, 2011 - www.InvestorIdeas.com, a global
DragonWave, Inc.(USA) (NASDAQ:DRWI) was the top percentage gainer for the session closing higher 1.48 (41.00%) to $5.09 after the company reported it agreed to buy Nokia Siemens Networks' (NOK) microwave data transmission business for EUR10 million cash and EUR5 million in shares. DragonWave will also become a preferred supplier and will jointly develop future technology with NSN.
SemiLEDs Corporation (NASDAQ:LEDS) climbed 0.93 (31.42%) to $3.89, rebounding from its 52-week low of $2.60 made earlier during the session. The company is scheduled to report its fourth quarter results on Nov 8, 2011 and analysts are estimating the company will report a loss of 21 cents a share on revenue of $5.72 million.
PowerSecure International, Inc. (NASDAQ:POWR) closed with an impressive gain 1.30 (28.14%) to end the day at $5.92 after the company reported that it earned 5 cents a share on revenue of $38.2 million, ahead of analysts' estimates of a loss 6 cents a share and revenue of $30.51 million. PowerSecure also authorized a new $5 million common stock repurchase program.
Rubicon Technology, Inc. (NASDAQ:RBCN) surged 1.81 (18.12%) to close at $11.80, rebounding from its recent lows. The stock has a 52-week range of $9.25-$29.79. Rubicon Technology, Inc. (Rubicon) is an electronic materials provider, which develops, manufactures and sells monocrystalline sapphire and other crystalline products for light-emitting diodes (LEDs), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics and other optical applications.
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