Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Sourcefire (NASDAQ: FIRE ) soared a whopping 28% today after tech gorilla Cisco Systems (NASDAQ: CSCO ) agreed to acquire the cybersecurity specialist for $2.7 billion.�
So what: The all-cash deal values Sourcefire at $76 per share and represents a premium of 29% to its closing price on Monday. Cisco is making the move to expand beyond its bread-and-butter networking gear business, naturally fueling speculation that other tech giants like IBM and EMC are looking to make a small cybersecurity purchase of their own.
Now what: The deal is expected to close in the second half of 2013 and will likely be slightly dilutive to Cisco's GAAP earnings in 2014. "Sourcefire aligns well with Cisco's future vision for security and supports the key pillars of our security strategy," said Cisco's vice president of corporate development Hilton Romanski. "Through our shared view of the critical role the network must play in cybersecurity and threat defense, we have a unique opportunity to deliver the most comprehensive approach to security in the market." So while Sourcefire's upside is likely limited at this point, another cybersecurity play like Fortinet�-- which is up 5% on today's news -- might be a possible buyout target worth considering. ��
Top 5 Tech Companies To Invest In Right Now: Park Electrochemical Corporation(PKE)
Park Electrochemical Corp., an advanced materials company, engages in the development, manufacture, marketing, and sale of high-technology digital and radio frequency/microwave printed circuit materials products principally for the telecommunications, Internet infrastructure, and high-end computing markets. It also provides advanced composite materials, parts, and assemblies for the aerospace markets; and involves in the design and manufacture of composite aircraft and space vehicle parts. The company?s printed circuit materials are used to fabricate complex multilayer printed circuit boards and other electronic interconnect systems, including back-planes, wireless packages, high speed/low-loss multilayers, and high density interconnects. It operates in North America, Europe, and Asia. The company was founded in 1954 and is headquartered in Melville, New York.
Advisors' Opinion:- [By Rich Duprey]
Printed-circuit materials maker�Park Electrochemical (NYSE: PKE ) announced yesterday its second-quarter dividend of $0.10 per share, the same rate it's paid since 2009.
Top 5 Tech Companies To Invest In Right Now: Osiris Therapeutics Inc.(OSIR)
Osiris Therapeutics, Inc., a stem cell company, focuses on the development and marketing of therapeutic products to treat various medical conditions in the inflammatory, autoimmune, orthopedic, and cardiovascular areas. It operates in two business segments, Therapeutics and Biosurgery. The Therapeutics segment focuses on developing biologic stem cell drug candidates from a readily available and non-controversial source, adult bone marrow. The Biosurgery segment works to harness the ability of cells and novel constructs to promote the body's natural healing. This segment focuses on developing biologic products for use in surgical procedures. The company?s lead biologic drug candidate is Prochymal, which is in phase 2 and 3 clinical trails for various indications, including acute graft versus host disease (GvHD), Crohn's disease, acute myocardial infarction, type 1 diabetes, pulmonary disease, and gastrointestinal injury resulting from radiation exposure. Its biologic drug candidates also include Chondrogen, a preparation of adult mesenchymal stem cells that is in phase 2 clinical trials for osteoarthritis and cartilage protection. The company has collaboration agreements with Genzyme Corporation for the development and commercialization of Prochymal and Chondrogen in various countries except in the United States and Canada. It also has a partnership with Juvenile Diabetes Research Foundation for the development of Prochymal as a treatment for the preservation of insulin production in patients with newly diagnosed type 1 diabetes mellitus. Osiris Therapeutics, Inc. was founded in 1992 and is headquartered in Columbia, Maryland.
Advisors' Opinion:- [By Alexander Maxwell]
One of the companies attempting to develop a better treatment for chronic diabetic foot ulcers is Osiris Therapeutics� (NASDAQ: OSIR ) . Earlier this month, Osiris shares more than doubled as the company announced positive data for its CDFU drug Grafix. The study results were very impressive to say the least; the study was stopped early due to the overwhelming efficacy exhibited by the treatment. A main highlight is the fact that 62% of Grafix patients had their wound closed at 12 weeks, compared to only 21% of patients using conventional methods. Clearly, the efficacy in this endpoint was overwhelming. Grafix also achieved all of the secondary endpoints for the trial, and more importantly demonstrated a relatively benign safety record.�
- [By Maxx Chatsko]
Additionally, stem cell therapies have remained elusive as the industry's ultimate Holy Grail. Osiris (NASDAQ: OSIR ) received Canadian approval for the world's first stem cell drug, Prochymal, for children battling acute graft-versus-host disease, or GvHD, last year. The approval meant more symbolically than to the bottom line, but it definitely put the potential of stem cells front and center for investors.
- [By Lauren Pollock]
Osiris Therapeutics Inc.(OSIR) said Friday a proposed ruling from the Centers for Medicare and Medicaid Services won’t immediately affect reimbursements for its Grafix stem-cell product. The regenerative medicine company said Grafix will maintain its current reimbursement status — also called transitional pass-through status — potentially through late 2015.
Top 10 Oil Stocks To Buy For 2014: Electrovaya Inc Com Npv (EFL.TO)
Electrovaya Inc., together with its subsidiaries, engages in the design, development, manufacture, and marketing of batteries, battery systems, and battery-related products for the electric transportation, utility scale energy storage and smart grid power, consumer, and healthcare markets in Canada. It develops portable power technology products using its Lithium Ion SuperPolymer technology. The company offers battery systems for plug in hybrid electric vehicles, electric vehicles, and two-wheel vehicles, as well as for commercial truck and offroad applications; and PowerPad series of batteries for notebook computers and other mobile applications, as well as Scribble Tablet PC products for the health care industry. It also provides cells and battery modules; and intelligent battery management systems for automotive, utility-scale, and other integrated systems. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electro vaya Inc. was founded in 1996 and is headquartered in Mississauga, Canada.
Top 5 Tech Companies To Invest In Right Now: Innovative Solutions and Support Inc.(ISSC)
Innovative Solutions and Support, Inc. engages in the design, manufacture, and sale of flat panel display systems, flight information computers, and advanced monitoring systems in the United States and internationally. The company offers flat panel display systems, which can replace conventional analog and digital displays used in a cockpit to display information; and engine and fuel displays to convey information with respect to fuel and oil levels and engine activity, such as oil and hydraulic pressure and temperature. It also provides air data systems and components, including digital air data computers, integrated air data computers and display units, altitude displays, airspeed displays, and altitude alerters used to calculate and display various measures, such as aircraft speed, altitude, and rate of ascent and descent. The company offers its products to the Department of Defense, Department of the Interior, government agencies, defense contractors, airlines, commerc ial air transport carriers, aircraft modification centers, various original equipment manufacturers, as well as to corporate/general aviation markets. Innovative Solutions and Support, Inc. was founded in 1988 and is based in Exton, Pennsylvania.
Top 5 Tech Companies To Invest In Right Now: Silicon Image Inc.(SIMG)
Silicon Image, Inc. provides wireless and wired high-definition (HD) connectivity solutions that enable the distribution and presentation of HD content for consumer electronics, mobile, and personal computer (PC) markets. It delivers its technology via semiconductor and intellectual property products. The company?s consumer electronics products include high-definition multimedia interface (HDMI) port processors, HDMI and mobile high-definition link (MHL) transmitters, MHL-to-HDMI bridges, and HDMI receiver products; PC products comprise MHL/HDMI-to-HDMI bridges and digital visual interface receivers; and storage products consist of a line of serial advanced technology attachment controllers used in PC, DVR, and network attached storage applications. Its products are deployed by the electronics manufacturers in various devices, such as desktop and notebook PCs, DTVs, Blu-ray disc players, and audio-video receivers, as well as mobile phones, tablets, and digital cameras. The company, through its subsidiaries, provides manufacturers comprehensive standards interoperability and compliance testing services; and acts as an agent for promoting and administering HDMI and MHL specifications, and for licensing the serial port memory technology memory interface specification. It sells its products to original product manufacturers worldwide through direct sales force, as well as through a network of distributors and manufacturer?s representatives. The company has operations in the United States, Taiwan, Japan, China, and Korea, as well as Europe and internationally. Silicon Image, Inc. was founded in 1995 and is headquartered in Sunnyvale, California.
Advisors' Opinion:- [By John Udovich]
We have recently added small cap video chip stock Pixelworks, Inc (NASDAQ: PXLW) to our SmallCap Network Elite Opportunity (SCN EO)�as it stands to benefit from the growth in connecting HD quality video across all mobile device platforms, as well as Smart TVs; but Silicon Image, Inc (NASDAQ: SIMG) and Sigma Designs, Inc (NASDAQ: SIGM) are also providing chips for the video or entertainment markets. Moreover, all three of these small cap stocks have recently reported earnings that might leave you feeling even more bullish.
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