Sunday, November 7, 2010

Notable Mid Cap Stocks (ATML, SIRI, KEY)

Atmel Corporation (NASDAQ:ATML) soared 13.66% to $10.15 after it made its new 52-week high of $10.20. The company forecast sequential revenue growth in the fourth quarter on strong demand for microcontrollers, while analysts expect touchscreens to further ramp up sales and margins for the company going forward. For the third quarter, the company clocked sales of $255.5 million, up 29 percent sequentially. Needham’s Gill expects microcontroller sales to go up 66 percent of total sales in the fourth quarter 2011 from the present 57 percent. Sirius XM Radio Inc. (NASDAQ:SIRI) surged 3.40% to $1.52. The company said Thursday its third-quarter earnings were $67.6 million, or a penny a share, compared with a loss of $151.5 million, or 4 cents a share, in the year-ago period. Revenue rose to $717.5 million from $618.7 million. Analysts polled by FactSet Research were looking for break-even earnings, on average, with revenue of $719.1 million. The company said it boosted its subscriber numbers by 1.3 million over the past year, ending the recent quarter with 19.9 million subscribers. KeyCorp (NYSE:KEY) went up 0.46% to $8.65. The stock opened at $8.54 and is trading within the range of $8.47-$8.76. The stock went up more than 53% year-to-date. At current market price, the market capitalization of the company stands at $7.67 billion. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
tdp2664
Epic Stock Picks



No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...