Friday's NASDAQ Winners: GLUU, ARNA, CPWM, SVVC

New York, NY - March 26, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Friday March 23rd. The Nasdaq Composite ended higher by 4.60 (0.15%) to end at 3,067.92.

Glu Mobile Inc. (NASDAQ: GLUU) closed at $4.85 after gaining 21.25% in Friday's trading session. On March 20, 2012, the company announced the launch of its new freemium, tower defense game, Samurai vs. Zombies Defense. In the game, players are challenged to assume the role of the Samurai Hero, protecting his village's sacred gate against a horde of zombies and ancient Japanese demons thirsting for its sacred powers.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) closed at $2.41, moving 18.14% after the company reported a fourth-quarter net loss of $23.7 million, or $0.16 per share, as compared to $28.2 million or $0.23 per share in the year-ago quarter. Total revenue for the fourth quarter declined to $2.08 million, as against $4.01 million in the same quarter last year. Analysts expected the company report a loss of $0.15 per share on revenue of $3.49 million.

The stock is on the move again in Monday morning trading up at $2.83, up 0.42(17.43%) 10:43AM EDT,

Cost Plus, Inc. (NASDAQ: CPWM), on March 22, 2012, reported fourth-quarter net income of $36.5 million or $1.55 per share, as against $28.5 million or $1.23 per share in the year ago period. Net sales increased 6.7% to $364.3 million during the quarter. Analysts had called for a $1.50-per-share profit and revenue of $362 million.

Looking forward, the company expects full year 2012 earnings from continuing operations in the range of $26 million to $28 million, or $1.07 to $1.12 per share. Revenue is expected in the range of $1.0 billion to $1.1 billion. Analysts expect earnings of $1.05 per share on revenues of $1.01 billion for the year.

Firsthand Technology Value Fund (NASDAQ: SVVC) announced that it has completed the purchase of an additional 70,000 shares of Facebook, Inc. The transaction, which was initiated in January 2012, brings the company's total Facebook holdings to 600,000 shares of Class B common stock. As a result, the stock closed at $35.54 in Friday's trading session after gaining 11.80%.

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