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Wednesday, August 8, 2012

Big Movers On Wednesday (ENOC, PRMW, JIVE, AXU, RIMM)


EnerNOC, Inc. (NASDAQ:ENOC) stock soared 26.06% to $8.61 after the company posted second quarter revenues of $33.3 million, as compared to $58.9 million for the same period in 2011. GAAP net loss was $29.1 million, or $1.10 per basic and diluted share, compared to GAAP net loss of $13.0 million, or $0.51 per basic and diluted share in the year ago period. Non-GAAP net loss for the second quarter of 2012 was $24.0 million, or $0.91 per diluted share, as against non-GAAP net loss of $7.8 million, or $0.31 per diluted share. 

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Jive Software Inc (NASDAQ:JIVE) shares plummeted 18.33% to $15.86 after the company posted second-quarter loss of $11.6 million or $0.19 per share, versus $16 million or $0.68 per share in the same quarter last year. Adjusted loss for the quarter was $6.8 million or $0.11 per share, as against $8.6 million or $0.37 per share a year ago. The company’s revenues grew to $27 million from $18 million a year ago. Analysts expected a loss of $0.11 per share on revenues of $26.61 million for the quarter.

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Research In Motion Limited (USA) (NASDAQ:RIMM) shares climbed 5.61% to $7.72 in the early hour after Jefferies Group reconfirmed their underperform rating on shares of Research In Motion in a research note issued to investors yesterday and currently has a $5.00 target price on the stock. Separately, analysts at Barclays Capital downgraded shares of Research In Motion from an equal weight rating to an underweight rating in a research note to investors last month. They now have a $6.00 price target on the stock.

Alexco Resource Corp. (USA) (NYSEAMEX:AXU) shares declined 14.29% to $3.72 in the morning hour after the company reported second quarter Bellekeno mine revenue of $17.4 million and gross profit of $817,000, on sales of 4,983 tonnes of lead-silver and zinc concentrate. Net loss was $2.7 million ($0.03 basic and diluted loss per share) for the three months ended June 30, 2012 on combined mining and environmental services revenue of $19.6 million.

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Additionally, Global Hunter Securities cut shares of Alexco Resource from an accumulate rating to a neutral rating in a research note issued to investors today.

Primo Water Corporation (NASDAQ:PRMW) stock plunged 25.45% to $1.09 after the company reported second-quarter net loss of $26.3 million or $1.11 per share, as compared to $2.0 million or $0.10 per share in the same period last year. Adjusted net loss for the quarter was $0.7 million or $0.03 per share, versus $0.3 million or $0.01 per share in the same period last year. Total net sales grew 20.6% to $25.0 million from $20.7 million in the same period last year.

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