Bankrate Inc. Blows Past Expectations


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Companies Mentioned

NASDAQ:GOGO / NASDAQ:QBAK / OTC:BB:SFMI / NYSE:RATE
02/18/2014 [ACCESSWIRE]

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Gogo Inc. (NASDAQ: GOGO) – For an in-depth report on Gogo Inc. follow: www.BullTrends.com/stockquote/GOGO

Shares of Gogo Inc. closed down 9.31% last Friday with about 5.4 million shares traded. The stock was one of the biggest decliners on the NASDAQ despite any negative new released. On February 13th the company announced that its business aviation group, Aircell, has now surpassed 2,000 Gogo Biz system installations in the business aviation market. This milestone was reached only four and one half years after the service's introduction in June 2009, making it the most rapidly-adopted broadband service in business aviation history.

Qualstar Corp. (NASDAQ: QBAK) – For an in-depth report on Qualstar Corp. follow: www.BullTrends.com/stockquote/QBAK

Shares of QBAK closed up 35.65% last Friday with nearly 1.2 million shares traded. The stock was one of the biggest gainers in the NASDAQ and hit a new high of $2.05 during intra-day trading. The manufacturer of data storage solutions and high-efficiency power supplies; recently reported financial results for its second fiscal quarter ended December 31, 2013.Revenue increased 57% to $3.4 million from $2.2 million in the first quarter 2014. Storage revenues increased 29% to $1.6 million from $1.2 million and Power Supply revenues increased 93% to $1.8 million from $953,000

Silver Falcon Mining, Inc. (OTCBB: SFMI) – For an in-depth report on Silver Falcon Mining, Inc. follow: www.BullTrends.com/stockquote/SFMI

Silver Falcon Mining, Inc. closed up 21.05% on about 16.2 million shares traded. The stock was one of the biggest gainers in the OTCBB marketplace this past Friday. The company had no significant news in months to explain the bump in price. Silver Falcon Mining, Inc. engages in the exploration and development of gold and silver properties in the United States. It has mineral rights to approximately 1,200 acres on War Eagle Mountain in southern Idaho.

Bankrate, Inc. (NYSE: RATE) – For an in-depth report on Bankrate, Inc. follow: www.BullTrends.com/stockquote/RATE

Shares of Bankrate Inc. closed up 19.54% on about 3.8 million shares traded. The stock was one of the leading gainers on the NYSE this past Friday. The big move came after the company announced better-than-expected fourth-quarter results and solid forward-revenue guidance. Quarterly revenue rose 31% year over year, to $122.3 million, which translated to adjusted net income of $16.9 million, or $0.17 per diluted share. Analysts, on average, were looking for earnings of just $0.17 per share on sales of $120.16 million.

 

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