Wave Systems Corp. Gets Validated for Use with SanDisk X300s SSD; Aeropostale Sinks to New Low on Weak Guidance


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NASDAQ:WAVX / NYSE:ARO
05/27/2014 [ACCESSWIRE]

Wave Systems Corp. (NASDAQ: WAVX) shares moved higher after the company reported that its management software was validated for use with the SanDisk X300s SSD."The SanDisk X300s SSD offers strong protection for companies' most sensitive data, and when combined with Wave's superior management capabilities, will deliver customers with a cost-effective, comprehensive solution right out of the box," said Wave Systems CEO Bill Solms. The stock has rose over 100% since validation last week.

Wave Systems Corp. develops, produces, and markets products for hardware-based digital security in the United States and internationally. The company’s products are based on the Trusted Platform Module (TPM), a hardware chip that enables secure protection of files and other digital secrets, and performs critical security functions. It offers EMBASSY Remote Administration Server (ERAS) for Device ID that provides device and user identification management, which allows IT administrators to provide TPMs, manage TPMs, and create cryptographic keys with the TPMs; ERAS for self-encrypting drives (SEDs) that allows for management of SEDs across an enterprise; and Wave for BitLocker Management, which allows an organization to set policies and monitor security from a single console.

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Aeropostale Inc. (NYSE: ARO) shares sank to a new yearly low this past Friday after disappointing quarterly results and outlook. The company’s Q4 results revealed a loss of $76.8 million on a revenue decline of 12%. Same-store sales during the quarter fell 13%, versus Wall Street's expectation of just a 9% drop. Management now sees a Q1 loss of $0.55 to $0.61 per share, worse than the consensus per-share loss of $0.50.

Aéropostale, Inc., together with its subsidiaries, operates as a mall-based specialty retailer of casual apparel and accessories. It provides a collection of apparel, including graphic t-shirts, tops, bottoms, sweaters, jeans, outerwear, and accessories for 14 to 17 year-old young women and men. The company also offers casual clothing and accessories focusing on kids between the ages of 4 and 12. As of March 13, 2014, it operated 864 Aeropostale stores in 50 states and Puerto Rico, 78 Aeropostale stores in Canada, and 151 P.S.

Get more information on Aeropostale and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/ARO

 

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