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

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%.


Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone