Small Cap Network's  Instablog

With a lackluster market today, SmallCap Sigma Designs (SIGM) increased share value this morning on what will happen in the near-future and on what already happened in the first part of this week.

Gaining 6.56% ($1.00) today, Sigma Designs (SIGM) http://www.sigmadesigns.com/ is currently trading on the Nasdaq in the $16.25 range. SIGM has a new market cap of $432 million. SIGM has a 3-Month average daily trading volume of 466,186 shares and it had easily topped that by mid-session.

The jump in price this morning came from the SIGM announcement today that it will report its Q2 results next week, August 26 at 2 p.m. PST.

The jump in price for SIGM today was also fueled by news this week that Fortune Magazine had ranked SIGM second on the magazines annual ranking of the 100 fastest growing publicly traded companies.

Fortune's fastest-growing list includes only profitable, publicly traded companies with at least $50 million in annual revenue and a market capitalization of at least $250 million. Companies on the list must also have posted yearly revenue and earnings-per-share growth of at least 20 percent. SIGM ranked second.

SIGM provides integrated system-on-chip solutions (SoC) for the IPTV, connected media player, industrial audio/video, HDTV, and wireless markets (primarily in Asia, Europe, and North America). SIGM sells semiconductors with a suite of real-time software that enables synchronous processing of video, audio, and graphics streams for various applications.

At $16.25, SIGM is below its 52-week high of $20 set on 08-20-08 and far above its 52-week low of $6.93 set on 11-21-08. At $16.25, SIGM is above both its 50-day and 200-day moving averages. SIGM has trailing twelve month revenues of $203 million a trailing twelve month diluted EPS of $0.83. SIGM is widely held by institutions. Its shares out versus float ratio is near-parity.

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