Small
cap stocks making big moves on Tuesday, April 8, 2014 (as of 4 pm EST)
Gigamon Inc. (NYSE: GIMO)
shares slid 34% to $17.31 on volume of more than 8.5 million shares Tuesday after
the provider of solutions to control and manage network traffic cut its first-quarter
revenue outlook to $31 million to $31.5 million from its previous forecast of
$34 million to $35 million, citing one expected large transaction from an
existing customer in EMEA that did not transpire.
As well,
shares of Barracuda Networks, Inc. (NASDAQ: CUDA)
jumped 11% to $32.37 as the provider of cloud-connected security and storage
solutions said it has been ranked number one in integrated purpose built backup
appliance (PBBA) units shipped worldwide with 53.5% market share for 2013,
as reported by the IDC Worldwide Quarterly Purpose Built Backup Appliance
(PBBA) Tracker, March 2014.
F.N.B. Corporation (NYSE: FNB),
meanwhile, announced that it would acquire OBA
Financial Services, Inc. (NASDAQ: OBAF)
in an all-stock transaction valued at approximately $23.56 per share, or a
total consideration of about $94 million. OBA Financial stock popped 22% to
$22.49.
Finally,
InterCloud Systems, Inc. (NASDAQ: ICLD)
shares fell 21% to $6.09 on more than 1.6 million shares traded after the
single source provider of end-to-end IT technology and telecom solutions to the
service provider and corporate enterprise markets reported an adjusted
fourth-quarter net loss of $3.24 a share, compared with a net loss of
91 cents a share during the same period last year.
