Tuesday, September 4, 2012

Stocks in News - NTWK, BP, SWI, DNDN, ASTI, DMD

NetSol Technologies Inc. (NASDAQ:NTWK) shares gained 6.06% to $4.90 after the company posted reported a profit for the fourth quarter as compared to a loss in the same quarter last year, due mainly to higher revenues. The company posted fourth-quarter net profit of $1.9 million or $0.25 per share, as compared to a net loss of $1.1 million or $0.19 per share in the same period last year. Total revenues grew to $14.3 million from $6.9 million in the prior-year quarter.

Can NTWK Continue To Move Up? Find Out Here

BP plc (ADR) (NYSE:BP) stock fell 1.12% to $41.59. The company announced that it has awarded a 10-year global frame agreement with Nexans, a worldwide leading expert in the cable industry to supply umbilicals, DEH (direct electrical heating) systems, accessories and services for various oil and gas projects worldwide. The agreement, which runs until 2022, includes design, manufacture, and supply of bespoke umbilicals carrying fluid, power, control, and telecommunication services for new subsea oil and gas projects.

SolarWinds Inc (NYSE:SWI) stock increased 5.89% to $58.11. The company last week announced that it is launching a new product, SolarWinds Firewall Security Manager (FSM), which adds easy to use, multi-vendor firewall management to its growing portfolio of IT Management products. The new SolarWinds Firewall Security Manager has all of the power and features that IT pros need, and will be priced starting at $1,295, making it one of the most affordable firewall analytics and management solutions available.

How Should Investors Trade SWI Now? Find Out Here

Dendreon Corporation (NASDAQ:DNDN) stock jumped 5.77% to $4.75. An analysts at Baird said that Dendreon's prostate cancer drug Provenge continues to underwhelm, but the game is still far from over. Additionally, the firm maintained their Neutral rating and price target of $7.00. The company is a biotechnology company focused on the discovery, development and commercialization of therapeutics that may improve cancer treatment options for patients.

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) stock increased 7.19% to $1.79 after the company announced that it is collaborating with Silent Falcon UAS Technologies and Bye Aerospace to provide its lightweight, flexible copper-indium-gallium-diselenide (CIGS) photovoltaics to power the Silent Falcon unmanned aerial system (UAS).

Demand Media Inc (NYSE:DMD) shares climbed 5.32% to $10.69 in the early hour. Branham Law, LLP last week announced that it is investigating Demand Media to determine whether it has violated securities laws by issuing false and misleading statements to its shareholders. This investigation is a result of disclosures made about changes to Google’s search engine methodologies that have significantly reduced the references to the Company's websites.

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