Dendreon (NASDAQ:DNDN) Soars On News of Revenue Growth
POINT ROBERTS, January 06, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Thursday January 05th. The Nasdaq ended higher by 21.50 (0.81%) closing at 2,669.86.
Dendreon Corporation (NASDAQ:DNDN) moved higher by 3.02 (39.74%) to close at $10.62 after the biotechnology company reported solid revenue growth in its fourth quarter. The company said that it revenue grew 230% year-over-year to about approximately $82 million.
Ancestry.com Inc (NASDAQ:ACOM) climbed 4.60 (20.11%) to end at $27.47 on very unusual volume of 3.37 million – over 4.50X its average volume. The company said that it total paying subscribers stood at 1,703,000 at the end of fourth quarter, beating its own target of 1,685,000 – 1,695,000 subscribers. The company also said that now it projects to see revenue growth in the mid-to-high teens for the FY2012.
Zumiez Inc.(NASDAQ:ZUMZ) was the biggest gainer in the retail sector and added 4.62 (17.55%) to end at $30.95 after the company said that it comparable sales grew 10%for the five-week period ending Dec. 31, ahead of analysts’ estimates of 5.1%. Moreover, the company lifted its earnings outlook to 57-58 cents on revenue of $180-$181 million for its fourth quarter, topping analysts’ estimates of 54 cents on revenue of $176.8 million.
Oclaro, Inc. (NASDAQ:OCLR) jumped 15.65% to close at $3.40 after the company reported better-than-estimated fiscal second quarter preliminary sales. The company generated sales of $86 million, beating analysts’ target of $80.8 million.
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POINT ROBERTS, January 06, 2012 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Thursday January 05th. The Nasdaq ended higher by 21.50 (0.81%) closing at 2,669.86.
Dendreon Corporation (NASDAQ:DNDN) moved higher by 3.02 (39.74%) to close at $10.62 after the biotechnology company reported solid revenue growth in its fourth quarter. The company said that it revenue grew 230% year-over-year to about approximately $82 million.
Ancestry.com Inc (NASDAQ:ACOM) climbed 4.60 (20.11%) to end at $27.47 on very unusual volume of 3.37 million – over 4.50X its average volume. The company said that it total paying subscribers stood at 1,703,000 at the end of fourth quarter, beating its own target of 1,685,000 – 1,695,000 subscribers. The company also said that now it projects to see revenue growth in the mid-to-high teens for the FY2012.
Zumiez Inc.(NASDAQ:ZUMZ) was the biggest gainer in the retail sector and added 4.62 (17.55%) to end at $30.95 after the company said that it comparable sales grew 10%for the five-week period ending Dec. 31, ahead of analysts’ estimates of 5.1%. Moreover, the company lifted its earnings outlook to 57-58 cents on revenue of $180-$181 million for its fourth quarter, topping analysts’ estimates of 54 cents on revenue of $176.8 million.
Oclaro, Inc. (NASDAQ:OCLR) jumped 15.65% to close at $3.40 after the company reported better-than-estimated fiscal second quarter preliminary sales. The company generated sales of $86 million, beating analysts’ target of $80.8 million.
About InvestorIdeas.com:
InvestorIdeas.com is a leader in investor stock research by sector. Sectors we cover include; cleantech and renewable energy stocks, biotech stocks, mining and gold stocks, energy stocks, water, tech, defense stocks, nanotech, agriculture and gaming.
Follow Investorideas.com on Twitter http://twitter.com/#!/
Follow Investorideas.com on Facebook http://www.facebook.
Get Free investor news and stock alerts
Sign Up: http://www.investorideas.
Join Investor Ideas Get 13 of the best stock directories online;
Research biotech, oil and gas stocks, gold stocks, water stocks, renewable energy stocks (over 1300 green stocks in directory) and more
Join: http://www.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/
800-665-0411 - Source – www.Investorideas.com
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