NASDAQ Bullish Stocks: Smith Micro Software (NASDAQ:SMSI), Skullcandy Inc. (NASDAQ:SKUL), FuelCell Energy (NASDAQ:FCEL), Hurco Companies Inc. (NASDAQ:HURC)

Technology Stocks News 3

Shares of headphone maker Skullcandy Inc. (NASDAQ:SKUL) extended pre-market gains and hit a 52-week high of $11.40 in recent early trade after the company reported Q4 earnings and Q1 guidance that beat street expectations. The shares were slightly off their earlier highs by mid-morning, but were nevertheless up 42.5% at $10.59. Also this morning, Northland Capital Markets upgraded the stock to Outperform from Market Perform. It didn’t provide a price target. Skullcandy Inc. (NASDAQ:SKUL) reported Q4 earnings per share of $0.13 on $72.2 million in revenue, exceeding analysts expectations of $0.09 EPS on $71.88 in revenue. Skullcandy Inc. (NASDAQ:SKUL) also forecast EPS for the current Q1 of a loss of $0.18 – 0.16, compared to the Thomson Reuters consensus estimate of $0.17, and EPS for full-year 2014 of $0.10-$0.14, compared to analyst estimate of $0.10.

Shares in Smith Micro Software (NASDAQ:SMSI) surged 26% in early trading Friday, hitting a two-year high, after reporting better-than-expected earnings late Thursday. The software services company reported a Q4 loss of $0.01 per share, ahead of expectations of a loss of $0.03 per share, according to Capital IQ. Smith Micro Software(NASDAQ:SMSI)’s revenue was $11.8 million, in line with the Street view. The shares recently traded at $2.20, off a session high of $2.45. Smith Micro Software (NASDAQ:SMSI)’s shares haven’t closed above that level since March 2012.

Shares of FuelCell Energy (NASDAQ:FCEL) are up more than 6% after the company announced further progress with developing the on-site distributed hydrogen generation market, with a $2.8 million continuation of an award from the U.S. Department of Energy’s Advanced Manufacturing Office to showcase the tri-generation capabilities of a Direct FuelCell power plant for industrial applications. FuelCell Energy (NASDAQ:FCEL) has been on a tear lately along with other alternative fuel developers as rising energy prices and interest in fuel-cell and battery technology increases. Over the past week, shares of FuelCell Energy (NASDAQ:FCEL) have nearly doubled to a record high of $3.40.

Shares of Hurco Companies Inc. (NASDAQ:HURC) rose Friday, after the maker of computerized-machine tools reported a 5.1% increase in fiscal Q1 earnings as sales and service fees climbed on increased orders in Germany and China. Hurco Cos. (NASDAQ:HURC) shares were up 1.3% at $26.13 in early trading after Friday’s open. They have a 52-week range of $23.52 to $31.61. For the quarter ended Jan. 31, the company reported net income of $2.4 million, or $0.36 per share, up from $2.3 million, or $0.34 per share, a year earlier. No analyst estimates were available via Capital IQ for comparison. Sales and service fees climbed 16% to $51 million, with the stronger euro providing a boost of $600,000. Hurco Cos. (NASDAQ:HURC) gross margin slipped to 27% from 29%.

 

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