Stock Movers of Note: April 22nd, 2005

Strategic Insights -

On April 22nd, 2005, Streetinsider.com reported on notable stock movers in the market. Smith Micro Software Inc. led the pack with a 29.43% increase, thanks to its agreement with Nokia to provide QuickLink Mobile data connectivity software for several CDMA handsets. Meanwhile, Catapult Communications Corp experienced a 27.20% decline after guiding Q3 below consensus, while J.P. Morgan downgraded the stock. Other notable movers included Harmonic Inc, MFRI, Inc., and Maytag.

Key Takeaways:

  • Smith Micro Software Inc. (Nasdaq: SMSI) saw its stock price increase by 29.43% after signing an agreement with Nokia to provide QuickLink Mobile data connectivity software.
  • Catapult Communications Corp (Nasdaq: CATT) experienced a 27.20% decline after guiding Q3 below consensus and receiving a downgrade from J.P. Morgan.
  • Harmonic Inc (Nasdaq: HLIT) reported a 27.14% decline after its Q1 earnings missed estimates by 4 cents per share.
  • MFRI, Inc. (NASDAQ: MFRI) saw its stock price jump by 26.60% after reporting a 30% increase in Q4 revenues and a net income of $0.03 per share.
  • Maytag (NYSE: MYG) experienced a 25.43% decline after reporting disappointing Q1 earnings.

Statistics:

  • Smith Micro Software Inc.'s stock price increase: 29.43%
  • Catapult Communications Corp's stock price decline: 27.20%
  • Harmonic Inc's stock price decline: 27.14%
  • MFRI, Inc.'s revenue increase: 30%
  • Maytag's stock price decline: 25.43%

Sources:

  • Streetinsider.com: Stock Movers of Note 04/22
  • Smith Micro Software Inc. (Nasdaq: SMSI)
  • Nokia (NYSE: NOK)
  • Catapult Communications Corp (Nasdaq: CATT)
  • J.P. Morgan
  • Harmonic Inc (Nasdaq: HLIT)
  • MFRI, Inc. (NASDAQ: MFRI)
  • Maytag (NYSE: MYG)