POINT ROBERTS - August 11, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 10, 2011. Biolase Technology was the top gainer in Wednesday's session as the stock witnessed a gain of 19.78%.
Biolase Technology, Inc. (NASDAQ:BLTI) soared 0.55 (19.78%) to $3.33 after the company said that its net loss during the second quarter trimmed to $753,000, or a loss of $0.03 a share versus $4.2 million, or a loss of $0.17 a share a year earlier. Revenue during the quarter came at $12.1 million, up 105% Year over Year.
Toreador Resources Corporation (NASDAQ:TRGL) jumped 0.48 (16.44%) to $3.40 after ZaZa Energy, LLC has signed a definitive agreement to combine the companies.
Cree, Inc. (NASDAQ:CREE) increased 4.59 (15.56%) to $34.08 after the company said that it earned $19.8 million or 18 cents a share on revenue of $243.0 million in its fourth quarter. In a year ago quarter, the company had a profit of $52.8 million or 48 cents on revenue of $264.6 million.
Pegasystems Inc. (NASDAQ:PEGA) rose 5.05 (14.17%) to $40.68 t it posted a second-quarter profit, reversing a year-ago loss, as revenue rose 26 percent.
The company said it added new industry-specific products and released a new version of its core business process management software. Net income rose to $2.3 million, or 6 cents per share, compared with a loss of $8.2 million, or 22 cents per share, a year earlier.
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