The Top Small Cap Performers for May 7, 2019

May 7, 2019, By smallcapfirm,

Some of the best performing small cap stocks of the day included:

 Cohu Inc. (COHU)

At the moment, shares of COHU are up 24%, or $3.74 on three times average volume after an upgrade from a hold to buy rating at Stifel Nicolaus. The firm has a price target of $22. Following the company’s latest earnings results, analysts are confident that fundamentals have finally bottomed out, with a recovery forming.

Akorn Inc. (AKRX)

Shares of AKRX are up 17%, or 52 cents a share on volume of 10.25 million shares, as compared to its daily average of 2.5 million shares. All after reporting a loss of $82.2 million for the most recent quarter, or 65 cents a share.  Adjusted EPS came to 10 cents, which beat expectations for an adjusted EPS loss of 14 cents.  Revenue was $165.9 million, which was better than expectations for $153 million.

Cray Inc. (CRAY)

Shares of CRAY were up 14%, or $3.74 on the day on volume of 994,489, as compared to daily average volume of 340,275.  All after it and AMD signed a deal with it to develop the fastest supercomputer in the world.

According to MarketWatch:

“Su and Peter Ungaro, the chief executive of Cray, said the system — planned to be the size of about two basketball courts — will reach a processing speed of 1 exaflop per second, which translates to an unimaginable 1 quintillion floating-point calculations per second. It will be about 50 times faster than today’s fastest supercomputers. AMD will provide both the main processors, or CPUs, and the graphics processors, or GPUs.”


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