Polycom, Jarden, Semtech and Waters Among Top Percentage Gainers Jan 24th
On Tuesday, the U.S. financial markets traded moderately flat ahead of the monster Apple earnings report after hours. Here are the companies seeing big spikes in their share price in trading today:
Polycom Inc (NASDAQ:PLCM): Stifel Nicolaus increased its target on Polycom after the company reported better than expected Q4 results. The firm believes that the company is moving in the right direction in many areas and maintains a Buy rating. The shares closed at $20.85, up $2.43, or 13.19%. They have traded in a 52-week range of $14.45 to $34.30.
Jarden Corporation (NYSE:JAH): Sees 2011 revenue $6.68B vs. consensus $6.67B. Sees 2011 segment earnings $785M-$790M. Sees cash on hand over $800M at year-end. The shares closed at $33.79, up $3.08, or 10.03%. They have traded in a 52-week range of $25.60 to $37.50.
Semtech Corporation (NASDAQ:SMTC): After Semtech agreed to acquire Gennum Corp. for about $494M, Oppenheimer says that “at first glance,” the deal appears to be synergistic, strategic, and significantly accretive. The firm maintains an Outperform rating on Semtech. The shares closed at $29.14, up $2.25, or 8.37%. They have traded in a 52-week range of $19.16 to $29.47.
Waters Corporation (NYSE:WAT): Reports Q4 revenue $521M vs. consensus $516.88M. The shares closed at $85.04, up $6.28, or 7.97%. They have traded in a 52-week range of $70.88 to $100.00.
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