Courtesy of Benzinga.
Below are highlights from Benzinga’s daily coverage of microcap securities making big moves:
Himax Technologies
Shares of Himax Technologies (NASDAQ: HIMX), the Taiwan-based designer, developer, and marketer of semiconductors for flat panel displays, rose 20% Thursday on 3 times the average daily volume.
Himax announced Thursday that it expects its first quarter revenues, gross margin and EPS to exceed the Company’s previously announced guidance on February 13, 2012.
Himax is revising its first quarter revenue guidance to $166.7 million, exceeding its initial guidance which projected revenues to decline by mid-single-digit percentage versus $169.2 million in the fourth quarter of 2011. Gross margin is now expected to be around 22.9%, as compared to previous guidance of flat or down slightly from the 22.1% in the fourth quarter 2011. GAAP EPS is now expected to be around $0.066, as compared to initial guidance of $0.03 to $0.04.
Himax Technologies closed at $2.31 on Thursday.
Ossen Innovation
Shares of Ossen Innovation (NASDAQ: OSN), the designer and manufacturer of plain surface pre-stressed, rare earth coated, and zinc coated prestressed steel materials, rose another 22% Thursday on 7 times the average daily volume.
Ossen announced Wednesday that it will hold its fourth quarter and full year 2011 financial results conference call at 9:00 am ET on Tuesday, April 17, 2012. The Company anticipates releasing its financial results after the market close on April 16, 2012.
Ossen Innovation closed at $1.35 on Thursday.
Alvarion
Shares of Alvarion (NASDAQ: ALVR), the Tel Aviv wireless broadband technology firm, fell 30% Thursday on 10 times the average daily volume. Alvarion reported it will post quarterly revenue of $33 to $33.5 million, less than the earlier expectation of $38 to $43 million. Its net loss excluding one-time items is projected at $0.09 to $0.10 a share, versus a previous forecast of a $0.01 to $0.06 loss.
According to Alvarion, the lowered guidance is due to a $3 million order that was pushed back from Q1 to Q2.
Alvarion closed at $0.64 on Thursday.
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