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
companys voice performance and facilitate a virtual training platform utilizing
Level 3s 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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