Here’s Why These Five Stocks Are Gaining Ground Today

Strong Results, Guidance Push Oclaro Up

Shares of Oclaro, Inc. (NASDAQ:OCLR) are trading up by 12%, driven by the announcement of the company’s fiscal fourth quarter financial results. The small-cap tech firm posted EPS of $0.11 on revenue of $125.18 million for the quarter, beating the Street’s consensus by $0.05 and $5.52 million, respectively. Moreover, the gross profit margin, on a non-GAAP basis, hit a new record of 32.4%. For the ongoing quarter, management said it expects revenue of $126 million to $134 million, above analysts’ estimate of $118.6 million, and a gross profit margin between 30% and 33%. Oclaro, Inc. (NASDAQ:OCLR) witnessed a marked increase in hedge fund support over the first quarter, with the number of investors in our database long its stock surging by 73.6% to 33. Among them was Alex Sacerdote’s Whale Rock Capital Management, with 7.83 million shares, valued at more than $42 million.

Sizmek Though Ceiling On Results, Buyout

Also on the rise on Wednesday is Sizmek Inc (NASDAQ:SZMK), which has gained more than 45% today, following posting the release of second-quarter results and the announcement that the company will be taken private. Before the opening bell, the company reported a net loss of $0.04, versus estimates of a loss of $0.14, while revenue of $48.9 million came in $4.1 million ahead of expectations. Moreover, the company announced it will be acquired by Vector Capital, a private equity firm with a focus on tech. Vector will purchase all of the Sizmek’s outstanding common stock for $3.90 per share in cash. Seven funds among those we track were long Sizmek Inc (NASDAQ:SZMK) at the end of the first quarter, including Jim Roumell’s Roumell Asset Management, which held 1.14 million shares.

Robust Results Help 3D Systems

Finally, there’s 3D Systems Corporation (NYSE:DDD), which is more than 20% in the green so far today on the back of the company reporting its second-quarter results. While revenue of $158.1 million missed the Street’s expectations by $2.91 million, EPS of $0.12 was significantly higher than the expected $0.06. The gross profit margin also rose by 3 percentage points year-over-year to 50.9%. CEO Vyomesh Joshi stated: “We were pleased with continued strong demand for our healthcare solutions and software as well as increased materials sales into advanced industrial and healthcare applications. We see clear opportunities for improvements in 3D printers and on demand manufacturing services as we drive operational excellence and focus on providing reliable end-to-end solutions.” Among the funds in our database, 12 held long positions in 3D Systems Corporation (NYSE:DDD) at the end of March. The largest stake was held by David E. Shaw’s D. E. Shaw, which owned more than 1.33 million shares valued at $20 million.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.