On Wednesday, our Elite Opportunity Pronewsletter suggested a speculative entry intosmall cap Actionable Intelligence solutions stock Verint Systems (NASDAQ: VRNT):
Today’s new idea is one of those potential takeout candidates considering the need for large and mega-caps to continue growing their top and bottom lines via acquisition, and there’s clearly been plenty of that going on these days. Not only does Verint Systems Inc. (VRNT) offer potential value around current levels, just yesterday the stock moved sharply higher on abnormally high volume. And, the technical event came on no news or looming rumors
.Technically, I’ve included tow charts of the stock below, a weekly and a daily. As you can see on the weekly chart here, although VRNT has definitely seen better days, you can also see the stock has continued to build a base for several months now. Additionally, when you drill down into the daily chart, you can see the stock just recently retraced 5/8th’s of a pretty nice move, and then just yesterday moved sharply higher on what appears to be some pretty large fund buying.
Hot Small Cap Stocks To Buy For 2018: Finisar Corporation(FNSR)
- [By Ethan Ryder]
Finisar (NASDAQ:FNSR) Director Jerry S. Rawls sold 30,208 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $15.59, for a total transaction of $470,942.72. Following the transaction, the director now directly owns 593,466 shares of the company’s stock, valued at $9,252,134.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
- [By Evan Niu, CFA]
Shares of optical component companies have dropped today, includingOclaro (NASDAQ:OCLR), Acacia (NASDAQ:ACIA), Lumentum (NASDAQ:LITE), and Finisar (NASDAQ:FNSR), whose shares were down 11%, 11%, 6%, and 3%, respectively, as of 3:30 p.m. EDT, after the U.S. broadened its investigation regarding compliance with sanctions programs.
- [By Lisa Levin]
Some of the stocks that may grab investor focus today are:
Finisar Corporation (NASDAQ: FNSR) reported in-line earnings for its fourth quarter, but issued a weak forecast for the current quarter. Finisar shares jumped 7.76 percent to $27.63 in the after-hours trading session.
Shares of Booz Allen Hamilton Holding Corporation (NYSE: BAH) dropped over 13 percent in after-hours trading as the company reported a DoJ civil and criminal investigation regarding cost accounting and cost charging practices. Booz Allen shares dipped 13.30 percent to $34.10 in the after-hours trading session.
Bob Evans Farms Inc (NASDAQ: BOBE) shares declined over 4 percent Thursday after the company reported results for its fourth quarter. The company posted better-than-expected Q4 earnings, while sales missed estimates. Bob Evans shares dropped 4.26 percent to close at $68.99 on Thursday.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Lisa Levin]
Finisar Corporation (NASDAQ: FNSR) shares were also up, gaining 18 percent to $16.70 after the company reported upbeat Q3 earnings.
Equities Trading DOWN
Hot Small Cap Stocks To Buy For 2018: LinkedIn Corporation(LNKD)
- [By Alex McGuire]
For example, LinkedIn Corp. (NYSE: LNKD) fell 16.1% to $79.03 from its IPO date on May 19, 2011, to Aug. 19, 2011. But LNKD stock has since recovered 148% to today’s share price of $195.96.
- [By Benzinga News Desk]
Microsoft has offered concessions to EU antitrust regulators over its $26.2 billion, $196 per share offer for LinkedIn (NYSE: LNKD), according to the European Commission. The EU regulator had expressed concerns to Microsoft executives about the deal, which was announced in June.
- [By Andres Cardenal]
The most powerful investment ideas are the ones that can be easily explained and understood. LinkedIn(LNKD) is an undisputed market leader in remarkably promising areas such as professional networking and online employment opportunities, and this makes the company a top name to buy in 2016 and hold for years to come.As of the third quarter of 2015, LinkedIn(LNKD) had 396 million registered members around the world, a big increase of 20% versus the same quarter the previous year, and 39,726 corporate solutions customers on the platform, a year-over-year increase of 31%. Individuals and corporations attract each other to LinkedIn in search of opportunities, and this creates a virtuous cycle driving sustainable growth over the long term.
Management is also translating the company’s massive opportunities into rapid revenue growth. Total sales grew 37% to $780 million last quarter, with the acquisition of online learning platform lynda.com representing $41 million of that. LinkedIn’s three growth engines are firing on all cylinders: Talent solutions for corporations grew 46%, while premium subscription sales increased 21%, and online advertising revenue jumped 28%.
LinkedIn(LNKD) is actively investing for growth, so profit margins are hard to predict in the short term. However, the company should be able to combine solid revenue growth and expanding profit margins in the years ahead.
Hot Small Cap Stocks To Buy For 2018: Avnet, Inc.(AVT)
- [By Lisa Levin]
Tech Data Corporation (NASDAQ: TECD) reached a deal with Avnet, Inc. (NYSE: AVT) enabling it to buy the latter's Technology Solutions business. The transaction comprises cash component of $2.4 billion and 2.785 million shares of Tech Data resulting in a total value of about $2.6 billion.
- [By Lisa Levin]