Friday, January 14, 2011

Nasdaq Cheap Stocks: HBAN, LVLT, BRCD

Good Morning! Let's take a look at some cheap stocks. Huntington Bancshares Incorporated ( NASDAQ: HBAN ) is a bank holding company based in Columbus, Ohio. It offers full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, insurance service programs, and other financial service. Last week, Huntington announced that it has been selected by Alta Trust Company to provide transfer agency services for its family of collective investment funds. Last month, Huntington announced that it priced an offering of 146,031,747 shares of its common stock at a price to the public of $6.30 per share, or $920.0 million in aggregate gross proceeds. During the last trading session, the stock opened at $7.21 and closed at $7.12, 1.39% lower than the previous day. The 52 week range has been $ 4.21 – $7.40 Level 3 Communications, Inc. ( NASDAQ: LVLT ) is a Broomfield, Colorado-based company, engaged in the communications business. The Company is a facilities based provider of a range of integrated communications services. Last week, Level 3 announced that it signed an agreement with eSchool Solutions to improve that company’s voice performance and facilitate a virtual training platform utilizing Level 3′s content delivery network (CDN). During the last trading session, the stock opened at $1.28 and closed at $1.28, 0.79% higher than the previous day. The 52 week range has been $0.83 – $1.77. Brocade Communications Systems, Inc. ( NASDAQ: BRCD ) is a San Jose, California-based supplier of networking equipment, including end-to-end Internet Protocol (IP)-based Ethernet networking solutions and storage area networking solutions for businesses. Brocade provides a variety of networking hardware and software products and services. Last week, Brocade , Google Inc., JDS Uniphase Corporation and Santur Corporation announced the formation of a Multi-Source Agreement (the 10X10 MSA) to establish compatible sources of low-cost, low-power, pluggable 100G optical transceivers based on 10 optical lanes at 10G. Brocade Communications Systems also announced that the Saudi Arabia based Al-Nahdi Medical Company (NMC) selected the company as its solution provider of a high-performance IP network to connect all of the company's 487 pharmacies to a centralized data center running tier-one applications. During the last trading session, the stock opened at $5.85 and closed at $5.91, 1.2% higher than the previous day. The 52 week range has been $4.64 – $8.04 This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell any stock mentioned in this report at any time after this post. 
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