News

Advanced Search
 Quote

Symbol Lookup

Forgent Networks Brushes Off Delisting Fears

January 05, 2007 11:38 AM EST
Posted by Thomas J. Catino
Forgent Networks Inc. (NASDAQ: FORG) shares languished under the NASDAQ minimum bid requirement until December when it announced a first quarter profit and issued guidance for 2007, expecting increased intellectual property licensing revenue. Finally, shareholders can put the fears of delisting behind as the NASDAQ announced yesterday that the company had met the minimum bid requirement. Shares are active again today, up 9.15% to $1.67 on decent volume. Spurring the stock today is news that the company made the Investors Business Daily list of top stocks under $10. The intra-day high of $1.70 is not too far off, and the stock could easily see the next resistance point of $1.80. The company's low float and illiquid trading have been the ingredients that have made this stock a daytrader's favorite.


0 Comments:

Post a Comment

 
Word on the Street

Providing investors with timely news and analysis in order to gain greater insight on their trading and investment activities.

Subscribe

Daily updated content via RSS  
Weekly newsletter via e-mail  

Most Popular Stories


Weekend Blogger

Have an ability to write in a clear and concise manner? Passionate about the financial markets and willing to share your insight on the economy, discuss market trends and current events? Then take a risk and dip into uncharted waters by becoming a weekend blogger. Click here to learn more.

About Us

Ant & Sons is an independent provider of investment commentary, research, news and analysis that can regularly be seen on Google News and Finance, Yahoo Finance, Seeking Alpha, Businessweek.com, TheStreet.com and The Wall Street Journal Online.
 





 

Copyright 2007 Ant & Sons LLC
All Rights Reserved