Looking for some long Nasdaq listed penny stocks to trade? Have a look at what Wall Street analysts think about Vimicro International Co. (VIMC), Clearwire Corporation (CLWR) and, Power-One Inc. (PWER). These three under $5 Nasdaq stocks were each upgraded by some of Wall Street’s top firms at the end of last week and may fit your investment strategy and risk appetite.
After an improved Q3 earnings report, Wall Street analysts at Needham & Company decided to voice their opinion on Vimicro International Co. (VIMC). The Nasdaq listed penny stock, a leading imaging processor and IP-based surveillance solution provider, reported revenue growth of 14.9% year over year coupled with operating profit turned positive. The analysts upgraded VIMC stock from a “hold” rating to a “buy” rating making it a worth a long look for investors.
Another Nasdaq listed penny stock, Clearwire Corporation (CLWR), also received positive opinions from Wall Street’s RBC Capital on Thursday. Expectations are rising that that Sprint Nextel Corp. (S) will make a move to acquire the 4G wireless broadband service provider after Japan’s Softbank took a 70% stake in Sprint last month. CLWR stock was upgraded from an “underperform” rating to a “sector perform” rating.
Finally, one Nasdaq listed penny stock which may have the best short-term upside, Power-One Inc. (PWER), was praised Friday by analysts at Dougherty & Co. The beaten up solar and wind energy markets due to the Euro crisis have offered some bargain values in the companies producing products for the renewable energy sector. The Wall Street analysts raised their outlook on PWER stock from a “neutral” rating to a “buy” rating.
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About VIMC Stock
Vimicro International Corporation is a leading multimedia semiconductor and solution provider that designs, develops and markets mixed-signal semiconductor products and system-level solutions that enable multimedia capabilities in a variety of products for PC/notebook, consumer electronics and surveillance markets. VIMC stock is trading at 24.21% above the 50 Day Moving Average (1.14), 33.82% above the 200 Day Moving Average (1.06), -27.18% below the 52 Week High (1.95) and 105.80% above the 52 Week Low (0.69). Click here to view the Year To Date Stock Chart for VIMC.
· Revenues increased 14.9% year over year to $21.7 million
· Surveillance revenues increased 45.4% year over year
· Gross margins increased more than six percentage points year over year to 38.0%
· Operating profit turned positive, at $1.5 million
· GAAP net income attributable to Vimicro turned positive, at $2.9 million, or $0.10 per diluted ADS
For the Q4, Vimicro expects revenues of $20 to $23 million.
Click here to view the SEC filings for VIMC.
About CLWR Stock
Clearwire Corp. is a leading provider of fourth generation, or 4G, wireless broadband services whereby the Company builds and operates next generation mobile broadband networks that provide high-speed mobile Internet and residential Internet access services in communities throughout the United States. CLWR stock is currently trading at 26.16% above the 50 Day Moving Average (1.75), 53.79% above the 200 Day Moving Average (1.44), -25.34% below the 52 Week High (2.96) and 166.27% above the 52 Week Low (0.83). Click here to view the Year To Date Stock Chart for CLWR.
During the nine months ended September 30, 2012, the Company incurred $1.31 billion of net losses from continuing operations whereby they utilized $181.7 million of cash from operating activities of continuing operations and spent $73.2 million of cash on capital expenditures in the improvement and maintenance of their existing networks and for the deployment of their LTE network.
As of September 30, 2012, Clearwire Corp. had available cash and short-term investments of approximately $1.18 billion.
Click here to view the SEC filings for CLWR.
About PWER Stock
Power-One Inc. is a leading provider of renewable energy and energy-efficient power conversion and power management solutions and is the world’s second largest designer and manufacturer of photovoltaic inverters. The Company’s renewable energy products enable the industry’s highest yielding conversion of power from solar arrays for use by utilities, commercial enterprises and homes. PWER stock is currently trading at -19.36% below the 50 Day Moving Average (5.10), -14.93% below the 200 Day Moving Average (4.83), -42.60% below the 52 Week High (7.16) and 17.09% above the 52 Week Low (3.51). Click here to view the Year To Date Stock Chart for PWER.
· Quarterly revenue grows 16% year-over-year to $284 million
· 1,007 megawatts of inverters shipped in the quarter
· Reported Q3 EPS of $0.13, includes a $0.03 net loss on FX remeasurement
· Board approves new 15 million share repurchase program
On October 23, 2012, Power-One’s Board of Directors authorized the repurchase of up to 15 million shares of PWER stock over a three year period in the open-market or in privately negotiated transactions.
Click here to view the SEC filings for PWER.
Bottom Line: Nasdaq penny stocks undoubtedly move much slower than those on the OTC in terms of percentage gains. Although PWER is the most undervalued of the three due its being dependent on the solar industry for growth, CLWR could see an immediate pop should a deal with Softbank come to the table in the coming weeks.
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