ZST Digital Networks (OTC:ZSTN) Stock, Quote.Headers.trade-ideas

ZST Digital Networks Inc is a China-based Company, mainly engaged in supplying digital and optical network equipment and providing installation services to cable system operators in China. The Company has developed a line of IPTV devices that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers. The Company has assisted in the installation and construction of over 400 local cable networks in more than 90 municipal districts, counties, townships, and enterprises.

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Rodman &amp; Renshaw Terminates Coverage (ABAT, AMCF, AUTC, CDII, CNIT, CREG, CXDC, HPJ, NEWN, NFEC, SIHI, SINA, SORL, ZSTN)

Reiteration

Rodman &amp; Renshaw Reiterates Market Outperform and PT of $14 on ZST Digital Networks


ZSTAR ENTERPRISES INC by ZST Digital Networks, Inc.

ZST Digital Networks Inc

At 10:20 am, the Dow dropped 0.08% to 15,263.25, the broader Standard &amp; Poor's 500 index moved down 0.20% to 1,655.48 and the NASDAQ composite index rose 0.14% to 3,476.46.

The industries that are still afloat in the market today are:

Network and Communications Devices: This industry jumped 10.34% by 10:21 am. The top stock within the industry was Cisco Systems, Inc. (NASDAQ: <a class="ticker" href="/stock/csco#NASDAQ">CSCO</a>), which rose 11.69%. Cisco Systems released its third quarter earnings results yesterday beating analyst expectations.

Medical Practitioners: This industry rose 6.11% by 10:21 am ET. The top performer in this industry was LCA-Vision Inc. (NASDAQ: <a class="ticker" href="/stock/lcav#NASDAQ">LCAV</a>), which gained 0.28%. LCA-Vision's trailing twelve-month revenue is 93.66 million. 

Communication Equipment: This industry moved up 4.15% by 10:21 am, with ZST Digital Networks, Inc. (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) moving up 17.65% to gain the top spot. ZST Digital's trailing twelve-month ROE is 36.12%.

Manufactured Housing: The industry gained 2.25% by 10:21 am. The top performer in this industry was Tile Shop Holdings, Inc. (NASDAQ: <a class="ticker" href="/stock/tts#NASDAQ">TTS</a>) which gained 2.29%. Tile Shop's trailing twelve-month revenue is $193.62 million.

Rodman &amp; Renshaw is out with its report terminating coverage of the following companies:

Advanced Battery Technologies (NASDAQ: <a class="ticker" href="/stock/abat#NASDAQ">ABAT</a>)

Andatee China Marine Fuel Services (NASDAQ: <a class="ticker" href="/stock/amcf#NASDAQ">AMCF</a>)

AutoChina International (NASDAQ: <a class="ticker" href="/stock/autc#NASDAQ">AUTC</a>)

China Direct Industries (NASDAQ: <a class="ticker" href="/stock/cdii#NASDAQ">CDII</a>)

China Information Technology (NASDAQ: <a class="ticker" href="/stock/cnit#NASDAQ">CNIT</a>)

China Recycling Energy (NASDAQ: <a class="ticker" href="/stock/creg#NASDAQ">CREG</a>)

China XD Plastics (NASDAQ: <a class="ticker" href="/stock/cxdc#NASDAQ">CXDC</a>)

Highpower International (NASDAQ: <a class="ticker" href="/stock/hpj#NASDAQ">HPJ</a>)

New Energy Systems Group (NYSE: <a class="ticker" href="/stock/newn#NYSE">NEWN</a>)

NF Energy Saving Group (NASDAQ: <a class="ticker" href="/stock/nfec#NASDAQ">NFEC</a>)

SinoHub (NYSE: <a class="ticker" href="/stock/sihi#NYSE">SIHI</a>)

SINA (NASDAQ: <a class="ticker" href="/stock/sina#NASDAQ">SINA</a>)

SORL Auto Parts (NASDAQ: <a class="ticker" href="/stock/sorl#NASDAQ">SORL</a>)

ZST Digital Networks (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>)

Rodman & Renshaw Terminates Coverage (ABAT, AMCF, AUTC, CDII, CNIT, CREG, CXDC, HPJ, NEWN, NFEC, SIHI, SINA, SORL, ZSTN)

Rodman &amp; Renshaw reiterated its Market Outperform rating on ZST Digital Networks (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>). At the same time, the rating agency left its price target on the company's stock unchanged at $14. On Wednesday, ZSTN lost 5.78% of its value to finish the day at $3.10.

Rodman & Renshaw Reiterates Market Outperform and PT of $14 on ZST Digital Networks

ZHENGZHOU, China - August 3, 2011 (Investorideas.com RFID stocks newswire) - ZST Digital Networks, Inc. (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) (the "Company" or "ZST"), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, today announced its financial results for the second quarter ended June 30, 2011.


Second Quarter 2011 (unaudited) Financial Highlights

Total revenue was US$41.4 million, an increase of 25% compared to the second quarter of 2010.
Gross profit for the second quarter 2011 was US$10.2 million, an increase of 24% compared to the second quarter 2010.
Gross profit margin for the second quarter 2011 was 24.7%, compared to 25.0% for the second quarter of 2010.
Operating income for the second quarter 2011 was US$8.8 million, an increase of22% compared to the second quarter of 2010.
Net income for the second quarter 2011 was US$6.4 million, an increase of 22% compared to the second quarter of 2010.
Net income margin for the second quarter of 2011 was 15.4%, compared to 15.7% for the second quarter of 2010.
Recent Business Highlights

On June 8, 2011, the Company announced that it signed a Letter of Intent with EarthSearch Communications International, Inc. ("EarthSearch"), a subsidiary of East Coast Diversified Corporation (OTC.BB:ECDC) as the basis for further discussion regarding the terms and conditions that may apply in a formal agreement to be executed between both parties in the future. Under any such formal agreement, ZST Digital would be granted Chinese distribution and marketing rights to EarthSearch'sLogiboxx product, a proprietary technology for integrated wireless communication between GPS and RFID, and ZST would provide technical and administrative support for the product in China.
On June 20, 2011, the Company announced that it filed a patent application with the Chinese State Intellectual Property Office (SIPO) to ensure intellectual property protection for its Assisted GPS technology. Assisted GPS, or A-GPS, is a technology used to improve the performance of traditional standalone GPS tracking systems which rely solely on radio signals from satellites and can be impacted by poor signal conditions in certain environments, for example in dense urban areas. Without requiring any additional hardware, ZST Digital's A-GPS system can make use of the GSM modules and location based service (LBS) capabilities of customers' existing mobile phone equipment, in conjunction with additional software, to introduce LBS capabilities to the GPS system, forming a dual-positioning mode.
On July 12, 2011, the Company reported that Chairman and Chief Executive Officer Mr. Zhong Bo was named a "Zhengzhou City Outstanding Entrepreneur" in a ceremony held by the Zhengzhou Association of Enterprises and the Zhengzhou Entrepreneurs Association.
Mr. ZhongBo, Chairman and Chief Executive Officer of ZST, commented, "We delivered another quarter of healthy top- and bottom-line growth supported by strong sales of our commercial GPS fleet management products and services and continued expansion of our cable TV related businesses. Sales revenue from our IPTV, cable TV network equipment and commercial GPS fleet management tracking segments accounted for approximately 39%, 32% and 29% of total revenues, respectively. We continue to benefit from government regulations which are spurring demand within our end markets, especially for commercial GPS fleet management products and services. We expect these positive trends to continue to support the growth of our commercial GPS-related business segment in the second half of the year, and we remain confident in our ability to reach our full year guidance. As we enter the second half, we will continue to focus on delivering profitable growth, maintaining the highest standards of transparency and disclosure and increasing shareholder value."

Mr. Henry Ngan, Chief Financial Officer of ZST, commented, "We delivered a strong financial performance in the second quarter with year-over-year revenue increases across all three of our product segments. We believe that the underlying demand for our products and services remains healthy, and we are especially pleased with the rapid growth of our commercial GPS segment. While gross profit margin declined slightly in the quarter due to the change in sales mix of our IPTV products, we nevertheless maintained a healthy profit margin level thanks to the high-margin profile of our commercial GPS products and services. We further strengthened our balance sheet in the second quarter, and we believe that we are well-positioned to fund our continued growth. We enter the second half of the year on a strong footing and maintain our commitment to increasing long-term shareholder value."

Second Quarter 2011 (unaudited) Financial Highlights

Revenue

Revenue for the second quarter of 2011 was US$41.4 million, representing an increase of 25% from US$33.0 million in the second quarter of 2010. The primary reason for the increase in revenue during the quarter was strong growth in the commercial GPS-related business line. Revenue from sales of GPS devices and related service amounted to $12.1 million, representing an increase of 102% year-over-year, supported by the growing market demand for commercial GPS fleet management systems in response to government regulations requiring the registration of certain types of commercial vehicles on GPS platforms for government monitoring purposes. For the second quarter, the cable TV-related business and the commercial GPS-related business accounted for approximately 71% and 29% of total revenue, respectively, compared to 82% and 18% for the comparable period in 2010.

Gross Profit and Gross Profit Margin

Gross profit for the second quarter of 2011 was US$10.2 million, representing a 24% year-over-year increase. Gross profit margin for the second quarter of 2011 was 24.7%, essentially flat compared to25% in the second quarter of 2010.

Operating Expenses

Total operating expenses for the second quarter of 2011 were US$1.4 million, representing an increase of 39% from US$1.0 million in the second quarter of 2010.This increase in operating expenses was primarily a result of the higher volume of business activities generated.

Selling expenses for the second quarter 2011 were US$203,000, an increase of 86% from US$109,000 for the second quarter of 2010. Selling expenses comprise mainly salaries, shipping costs, and after-sale service expenses. Since our suppliers cover most of the shipping costs, we have not incurred high selling expense relative to our substantial increase in revenue. As a percentage of total revenue, selling expenses accounted for 0.5% and 0.3% for the second quarter of 2011 and 2010, respectively.

Research and development expenses (R&amp;D) for the second quarter 2011 were US$167,000, an increase of 76% compared to US$95,000 for the second quarter of 2010. The increase resulted from the continued focus on the commercial GPS tracking business as we continued to expand the overall scope of the segment. As a percentage to total revenue, R&amp;D expense accounted for 0.4% and 0.3% for the second quarter of 2011 and 2010, respectively.

General and administrative expenses (G&amp;A) for the second quarter 2011 were US$1.1 million, up 28% from US$0.8 million in the second quarter of 2010. The rise in G&amp;A expenses was mainly attributable to an increase in salary expenses and stock-based compensation. As a percentage to total revenue, G&amp;A expenses accounted for 2.6% and 2.5% for the second quarter of 2011 and 2010, respectively.

Income from Operations

Income from operations was US$8.8 million in the second quarter of 2011 representing an increase of 22% compared to operating income of US$7.2 million in the second quarter of 2010.

Income Tax

Income tax expense for the second quarter of 2011 was US$2.5 million, compared to approximately US$2.0 million in the second quarter of 2010. This increase was mainly due to an increase in taxable income.

Net Income and EPS

Net income for the second quarter of 2011 was US$6.4 million, a year-over-year increase of 22% from US$5.2 million in the second quarter of 2010. Net margin was 15.4% for the second quarter of 2011 compared to15.7% in the second quarter of 2010.

Diluted net income per share was US$0.55 in the second quarter 2011, compared to US$0.45 for the second quarter of 2010, based on weighted-average common shares outstanding of 11,613,730 and 11,650,442, respectively.

Balance Sheet

Cash and cash equivalents totaled to US$50.2 million as of June 30, 2011, compared to US$40.2 million as of March 31, 2011, primarily attributable to cash generated from operations.

As of June 30, 2011, total accounts receivables were US$27.8 million, an increase of 31% from US$21.3million as of March 31, 2011, primarily due to a higher volume of business generated.

Full Year 2011 Outlook - For the full year 2011, the Company reiterates its estimates that revenues will range between US$160 million and US$175 million, and net income will range between US$28 million and US$30 million. This represents the Company's current and preliminary view, which is subject to change.

Conference Call

ZST senior management will host a conference call on August 3, 2011 at 7:00 am (U.S. Pacific Time) / 10:00 am (U.S. Eastern Time) / 10:00pm (HK / Beijing Time) to discuss its 2011 second quarter financial results and recent business activities.

The conference call may be accessed by calling +1-866-519-4004 or +1-718-354-1231 (for callers in the U.S.), 800-819-0121 (for callers in China), 800-930-346 (for callers in Hong Kong), +0808-234-6646 (for callers in United Kingdom) or +65-6723-9381 (for other international callers) and entering passcode 86908938. Please dial in approximately 10 minutes before the scheduled time of the call.

A recording of the conference call will be available through August 16, 2011, by calling +1-866-214-5335 (for callers in the U.S.) or +61-2-8235-5000 (for callers outside the U.S.) and entering pass code 86908938.

About ZST Digital Network, Inc.

ZST Digital Networks, Inc. (Nasdaq: <a class="ticker" href="/stock/zstn#Nasdaq">ZSTN</a>) is a China-based company, principally engaged in (1) supplying digital and optical network equipment and providing installation services to cable system operators in China and (2) providing GPS location and tracking services to local logistics and transportation companies in China. The Company has developed a line of IPTV devices that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers. The Company has assisted in the installation and construction of over 400 local cable networks in more than 90 municipal districts, counties, townships, and enterprises. The Company has also launched a commercial line of vehicle tracking devices utilizing our GPS tracking technologies and support services for transport-related enterprises to track, monitor and optimize their businesses. For more information about ZST Digital Networks, Inc., please visit <a href="http://www.zstdigital.com/english.">http://www.zstdigital.com/english.</a>

"Safe Harbor" Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including, but not limited to, the non-binding nature of the letter of intent entered into with EarthSearch; risks related to techniques employed by manipulative short sellers in Chinese small cap stocks that may drive down the market price of our common stock.; our ability to maintain and increase revenues and sales of our products; our ability to develop and market new products; our strategic investments and acquisitions; compliance and changes in the laws of the People's Republic of China (the "PRC") that affect our operations; our ability to obtain all necessary government certifications and/or licenses to conduct our business; vulnerability of our business to general economic downturn, especially in the PRC; adverse capital and credit market conditions; our ability to meet liquidity needs; and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the factors discussed above and in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (<a href="http://www.sec.gov">http://www.sec.gov</a>). All forward-looking statements attributable the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

Contacts:

Company Contact:
ZST Digital Networks Inc.
Henry H. Ngan, Chief Financial Officer
Email: ir@zstdigital.com

Investor Relations (<a class="ticker" href="/stock/us#">US</a>):
Bryan Degnan
Taylor Rafferty
Tel: +1 (212) 889-4350 
Email: zstdigital@taylor-rafferty.com

Investor Relations (<a class="ticker" href="/stock/hk#">HK</a>):
Mahmoud Siddig
Taylor Rafferty
Tel: +852-3196-3712 
Email: zstdigital@taylor-rafferty.com

About EarthSearch Communications

EarthSearch Communications, an ECDC Company (OTC.BB:ECDC), is a US-based business whose flagship product, LogiBoxx, integrates GPS and RFID at the hardware level. When combined with its proprietary Global Asset Tracking and Identification System (GATIS) middleware, LogiBoxx and GATIS become the centerpieces of a LogiBoxx Certified Solution. An unprecedented business decision-making tool, a LogiBoxx Certified Solution offers continuous visibility within the Supply Chain, Logistics, and Asset Management and Control industries. Along with its integrated, patent-pending GPS and RFID technologies, EarthSearch also offers a complete line of innovative RFID solutions. Its expertise with GPS and RFID technologies, combined with exceptional support and service facilities, distinguishes EarthSearch as a leading manufacturer and supplier of real-time location solutions in the marketplace. For more information on EarthSearch, visit www.earthsearch.us.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.

Editorial Contacts

Glenn Davis - EarthSearch Communications, an ECDC Company, - 1 770-953-4184 - +866-503-9316 - investorrelations@earthsearch.us

Visit the ECDC company profile on Investorideas.com
Request news and info on ECDC

East Coast Diversified Corporation (OTCBB: <a class="ticker" href="/stock/ecdc#OTCBB">ECDC</a>) is a Showcase RFID and Security Stock on Investorideas.com

Disclosure: Investorideas.com is compensated four thousand per month effective July 10 2011

Trading Ideas

ECDC

RFID Stock News; ZST Digital Networks, Inc. Announces Second Quarter 2011 Results

Chinese stocks have been ripping higher over the last week as investors clamor for oversold mega bounces. Stocks like E Commerce China Dangdang Inc (NYSE: <a class="ticker" href="/stock/dang#NYSE">DANG</a>) are surging again today, trading at $13.28, +1.05 (+8.59%). Just one week ago, this stock was trading under $10.00 per share. The same thing has happened to mid cap China New Borun Corp (NYSE: <a class="ticker" href="/stock/born#NYSE">BORN</a>). The stock hit a low of $3.50 in mid June and is now trading at $7.20, +1.31 (+22.24%). This is a classic 100% move higher in just weeks.

Two weeks ago the large caps China stocks started to bounce. Stocks like SINA Corporation (NASDAQ: <a class="ticker" href="/stock/sina#NASDAQ">SINA</a>) had fallen from $147.00 to a low of $77.00. The bounce was gigantic, taking the stock from $77.00 all the way back to $114.00 today. Baidu.com, Inc. (NASDAQ: <a class="ticker" href="/stock/bidu#NASDAQ">BIDU</a>) had the same thing occur. Many of these Chinese stocks are back within reach of its 52 week highs.

The bounces in the large caps have now stalled. The money rotation has now gone to the mid caps, lead by DANG, BORN and even RENN and YOKU. The common sense money rotation states that after the mid caps, the small cap China plays will be the next mega movers. Some of these China stocks may see upwards of 100% moves. Small cap Chinese stocks trading at their lows are Biostar Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="/stock/bspm#NASDAQ">BSPM</a>) and ZST Digital Networks, Inc. (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>). There are many others out there. The key is watching them closely. When they start to go, jump on board.

Gareth Soloway
InTheMoneyStocks.com

Technicals

BIDU

BORN

BSPM

DANG

What To Buy: China Stocks Rip

ZST Digital Networks, Inc. (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) today announced that it has recently filed a patent application with the Chinese State Intellectual Property Office to ensure intellectual property protection for its Assisted GPS technology.

ZST Digital Networks Files Patent Application for Its Assisted GPS Technology

With uncertainty clouding almost all China stocks, there has been a fall of epic proportions. Many Chinese stocks have fallen over 75% in the last few months, dumping to levels never imagined. Growth rates in these stocks are unparallelled in the United States, or so they would have you think. These falls have been due to accounting issues, mostly in RTO's. RTO stands for reverse takeover and describes a company getting listed in the United States by buying a shell company that is already listed. In this case, this allows the Chinese companies to avoid much of the due diligence done prior to allowing a listing on the U.S. exchanges. Just yesterday, China-Biotics Inc. (NASDAQ: <a class="ticker" href="/stock/chbt#NASDAQ">CHBT</a>) was halted as they said they would delay the filing of their annual report. These accounting issues seem to be stemming from the companies reporting on contracts that actually do not exist. In other words, inflating their stock prices with phony revenue and earnings streams.

Countless stocks have been halted and delisted because of these issues and more are sure to come. However, there are many valid companies with solid accounting that have been punished in sympathy. The question..which ones? While the current arena still leaves more of these problem stocks to be discovered, within months whichever stocks are left standing, will allow for one of the best buying opportunities in history.

Find the stock that is trading at a 2 P/E because of fear and should it be legit, it may have hundreds of percentage points to gain in the next year or two. Some possible plays to watch are Biostar Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="/stock/bspm#NASDAQ">BSPM</a>) which is trading at $1.10, Zoom Technologies, Inc. (NASDAQ: <a class="ticker" href="/stock/zoom#NASDAQ">ZOOM</a>) trading at $2.20 and ZST Digital Networks, Inc. (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) which is trading at $2.71. These are just examples of Chinese plays to watch. There are many others as well. The key will be, once the due diligence has been completed and most of the fraud has been rooted out, which are left standing.

Gareth Soloway
InTheMoneyStocks.com

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ZOOM

China Stocks: Beaten, Bloody Dying..Or Good Buys 

Kendle International Inc (NASDAQ: <a class="ticker" href="/stock/kndl#NASDAQ">KNDL</a>) jumped 57.79% to $14.99 at 9:45 am. INC Research LLC announced its plans to acquire Kendle for around $232 million in cash.

eOn Communications Corporation (NASDAQ: <a class="ticker" href="/stock/eonc#NASDAQ">EONC</a>) shares advanced 25.17% to $1.79. EONC shares have dropped 40.17% over the past 52 weeks, while the S&amp;P 500 index has gained 15.56% in the same period.

ZST Digital Networks Inc (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) climbed 22.48% to $4.25. ZSTN reported a 166% year-over-year jump in its Q1 net income.

Crude Carriers Corp (NYSE: <a class="ticker" href="/stock/cru#NYSE">CRU</a>) shares surged 15.86% to $15.05. Capital Product Partners LP announced its plans to acquire Crude Carriers.

Read more <a href="http://www.benzinga.com/markets">from Benzinga's Markets.</a>

EONC

KNDL

Morning Market Movers (KNDL, EONC, ZSTN, CRU)

Best

1) Varian Semiconductor Equipment Associates (NASDAQ: <a class="ticker" href="/stock/vsea#NASDAQ">VSEA</a>): Trading up 51.3% from yesterday's close to $61.37. Varian is being acquired by Applied Materials (NASDAQ: <a class="ticker" href="/stock/amat#NASDAQ">AMAT</a>) for $63 per share in cash. The deal is valued at $4.9 billion.

2) ZST Digital Networks (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>): Trading up 22.9% from yesterday's close to $3.54.

3) Green Mountain Coffee Roasters (NASDAQ: <a class="ticker" href="/stock/gmcr#NASDAQ">GMCR</a>): Trading up 20.5% from yesterday's close to $77.28. Green Mountain reported EPS of $0.48 versus $0.38 estimates. Revenue came in at $647.66 million versus $629.35 million estimates. Shares set a new 52-week high of $78.45 earlier in the session.

4) Silicon Graphics International (NASDAQ: <a class="ticker" href="/stock/sgi#NASDAQ">SGI</a>): Trading up 19.5% from yesterday's close to $19.69. Silicon Graphics reported EPS of $0.07 per share versus -$0.12 estimates. 

5) Great Wolf Resorts (NASDAQ: <a class="ticker" href="/stock/wolf#NASDAQ">WOLF</a>): Trading up 17.8% from yesterday's close to $2.71. Great Wolf reported earnings of -$0.19 per share versus -$0.26 per share for the same period last year. The company lost $6 million in the first quarter versus a loss of $8.1 million for the first quarter of last year.

Other Notable Gainers

MGM Resorts (NYSE: MGM): Trading up 12.4% from yesterday's close to $14.21. MGM reported EPS of -$0.18 versus estimates of -$0.19.

ValueClick (NASDAQ: <a class="ticker" href="/stock/vclk#NASDAQ">VCLK</a>): Trading up 12.2% from yesterday's close to $18.48. ValueClick reported earnings of $0.26 per share versus $0.18 estimates. Revenue came in at $116.5 million versus $113.66 million estimates. The company was upgraded from Hold to Buy at Needham.

Axcelis Technologies (NASDAQ: <a class="ticker" href="/stock/acls#NASDAQ">ACLS</a>): Trading up 13.7% from yesterday's close to $2.00. 

Worst


1) Kandi Technologies (NASDAQ: <a class="ticker" href="/stock/kndi#NASDAQ">KNDI</a>): Trading down 22.7% from yesterday's close to $2.11. Shares put in a new 52-week low of $2.00 earlier in the session.

2) Sonus Networks (NASDAQ: <a class="ticker" href="/stock/sons#NASDAQ">SONS</a>): Trading down 18.3% from yesterday's close to $2.99. Sonus reported EPS of -$0.04 versus breakeven estimates. Revenue dropped 20 percent versus a year ago to $67.3 million. Sonus was cut from Buy to Hold by S&amp;P Equity Research.

3) ACADIA Pharmaceuticals (NASDAQ: <a class="ticker" href="/stock/acad#NASDAQ">ACAD</a>): Trading down 15.9% from yesterday's close to $2.28. Shares have fallen 31% since posting a 52-week high of $3.30 on April 26th.

4) Swisher Hygiene (NASDAQ: <a class="ticker" href="/stock/swsh#NASDAQ">SWSH</a>): Trading down 15.5% from yesterday's close to $6.75. A negative article from Seeking Alpha was published today.

5) Century Aluminum Company (NASDAQ: <a class="ticker" href="/stock/cenx#NASDAQ">CENX</a>): Trading down 15.6% from yesterday's close to $16.66. Century Aluminum reported earnings of $0.25 per share versus estimates of $0.28 per share.

Other Notable Losers

Quest Software (NASDAQ: <a class="ticker" href="/stock/qsft#NASDAQ">QSFT</a>): Trading down 11.2% from yesterday's close to $22.41. Quest reported earnings of $0.20 per share versus estimates of $0.28 per share. Revenue came in at $188.2 million versus $197.9 million estimates.

Cal Dive International (NYSE: <a class="ticker" href="/stock/dvr#NYSE">DVR</a>): Trading down 11.5% from yesterday's close to $6.60. Cal Dive reported a loss of $0.20 per share versus estimates of a $0.09 per share loss.

OpenTable (NASDAQ: <a class="ticker" href="/stock/open#NASDAQ">OPEN</a>): Trading down 13.5% from yesterday's close to $90.88. OpenTable is replacing its current CEO, Jeffrey Jordan, with its current CFO, Matthew Roberts. The company was upgraded from Perform to Outperform by Oppenheimer.

Long Ideas

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Small Cap Analysis

ACAD

ACLS

AMAT

CENX

GMCR

KNDI

OPEN

QSFT

SONS

SWSH

VCLK

VSEA

WOLF

Top Percentage Gainers and Losers as of 2pm 5/04/11 (VSEA, ZSTN, GMCR, SGI, AMAT, WOLF, ACLS, MGM, VCLK, KNDI, SONS, ACAD, SWSH, CENX, QSFT, DVR, OPEN)

Orexigen Therapeutics Inc (NASDAQ: <a class="ticker" href="/stock/orex#NASDAQ">OREX</a>) dipped 2.84% to $3.08 in the pre-market session. OREX's trailing-twelve-month operating margin is -4,175.06%. 

ZST Digital Networks Inc (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) fell 1.87% to $2.63 in the pre-market session. ZSTN shares have dropped 62.20% over the past 52 weeks, while the S&amp;P 500 index has gained 10.65% in the same period. 

SanDisk Corporation (NASDAQ: <a class="ticker" href="/stock/sndk#NASDAQ">SNDK</a>) moved down 0.47% to $48.76 in the pre-market session. SNDK's research and development expenses increased to about $120 million, from $99 million, in the year-earlier period.

Huntington Bancshares Incorporated (NASDAQ: <a class="ticker" href="/stock/hban#NASDAQ">HBAN</a>) dropped 0.15% to $6.67 in the pre-market trading. HBAN's trailing-twelve-month ROA is 0.59%.

Read more <a href="http://www.benzinga.com/markets">from Benzinga's Markets.</a>

Pre-Market Outlook

HBAN

OREX

SNDK

Benzinga's Top Pre-Market NASDAQ Losers (OREX, ZSTN, SNDK, HBAN)

ZST Digital Networks, Inc. (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) announces that its Chairman and Chief Executive Officer, Mr. Zhong Bo, has issued a letter to shareholders in response to short-seller allegations regarding the Company's operations, financial disclosure and transparency. 

The Company has received numerous inquiries from investors seeking further insight into the recent market speculation and share price volatility, which it believes are a result of targeted efforts on behalf of short-sellers to reduce ZST's share price and thereby profit financially. The Company believes that the allegations made against it by certain market participants are baseless and without merit. 

The Company's financial position and operations are fundamentally sound, and it continues to be well positioned to benefit from the growth opportunities in the IPTV and commercial GPS markets in Henan Province. The Company is in the midst of evaluating various legal options with respect to such baseless statements.

ZST Digital Networks CEO Says The Company Believes That the Allegations Made Against It Are Baseless And Without Merit. 

Best
	


1) TradeStation (NASDAQ: <a class="ticker" href="/stock/trad#NASDAQ">TRAD</a>): Trading up 30.5% from yesterday's close to $9.67. The company is being acquired by Tokyo-based brokerage Monex Group Inc. for $9.75 per share.

2) Travelzoo (NASDAQ: <a class="ticker" href="/stock/tzoo#NASDAQ">TZOO</a>): Trading up 21.8% from yesterday's close to $89.24. The company reported better than expected earnings this morning. Q1 revenue increased 30% year-over-year to $37 million.

3) Select Comfort (NASDAQ: <a class="ticker" href="/stock/scss#NASDAQ">SCSS</a>): Trading up 21.55% from yesterday's close to $16.20. The company has received numerous upgrades on the heels of an extremely strong Q1 earnings report. Wedbush raised its target price from $11 to $16 per share. Stifel Nicholas raised the target price from $14 to $19 per share. 

4) Biogen Idec (NASDAQ: <a class="ticker" href="/stock/biib#NASDAQ">BIIB</a>): Trading up 20.34% from yesterday's close to $104.05. The company reported strong earnings, posting Q1 EPS of $1.43 versus $1.41 estimates.

5) Datalink (NASDAQ: <a class="ticker" href="/stock/dtlk#NASDAQ">DTLK</a>): Trading up 18.94% from yesterday's close to $7.41.

Worst

1) ZST Digital Networks (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>): Trading down 30.95% from yesterday's close to $3.00. A negative report from Seeking Alpha is crushing the stock this morning.

2) HNI (NYSE: <a class="ticker" href="/stock/hni#NYSE">HNI</a>): Trading down 9.8% from yesterday's close to $27.65. The company missed earnings estimates after the bell yesterday.

3) Teva Pharmaceutical Industries (NASDAQ: <a class="ticker" href="/stock/teva#NASDAQ">TEVA</a>): Trading down 6.6% from yesterday's close to $45.92. Teva's direct competitor, Biogen Idec, reported positive results for its multiple sclerosis drug. The results were far superior to Teva's MS treatment.

4) OCZ Technology (NASDAQ: <a class="ticker" href="/stock/ocz#NASDAQ">OCZ</a>): Trading down 7% from yesterday's close to $7.65. A bearish report from Seeking Alpha, which basically alleges fraud, is taking its toll.

5) Sina (NASDAQ: <a class="ticker" href="/stock/sina#NASDAQ">SINA</a>): Trading down 5.6% from yesterday's close to $134.85.

BIIB

DTLK

SCSS

TEVA

TRAD

TZOO

Top Percentage Gainers and Losers as of 10am 4/21/11 (TRAD, TZOO, SCSS, BIIB, DTLK, ZSTN, HNI, TEVA, OCZ, SINA)

ZST Digital Networks Inc (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) shares dropped 30.73% to $3.02 at 9:55 am. ZSTN shares have dipped 38.07% over the past 52 weeks, while the S&amp;P 500 index has gained 10.32% in the same period.

Exceed Company Ltd (NASDAQ: EDSWW) shares moved down 16.84% to $1.58. EDSWW had $116.81 million in total cash for the recent quarter.

HNI Corp (NYSE: <a class="ticker" href="/stock/hni#NYSE">HNI</a>) fell 11.06% to $27.34. HNI posted a net loss of $1.8 million for the first quarter.

Image Sensing Systems Inc (NASDAQ: <a class="ticker" href="/stock/isns#NASDAQ">ISNS</a>) dipped 10.81% to $12.05. Based on preliminary financial information, ISNS projects to report Q1 net loss in the range of $0.10 to $0.19 per share, versus a net income of $0.10 per share, in the year-ago quarter. 

Read more <a href="http://www.benzinga.com/markets">from Benzinga's Markets.</a>

ISNS

Morning Market Losers (ZSTN, EDSWW, HNI, ISNS)

ZST Digital Networks (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) Trades Over 17% Lower After Negative SeekingAlpha Article:

<a href="http://seekingalpha.com/article/264631-zst-digital-networks-unfolded-a-mutual-fund-manager-seeks-the-truth-part-1">http://seekingalpha.com/article/264631-zst-digital-networks-unfolded-a-mutual-fund-manager-seeks-the-truth-part-1</a>

After mentioning several negative aspects of the company, the author mentions that there will be a follow-up reports in which the author will "present my own research that shows ZSTN lied on their revenues and a recent real estate purchase."

Legal

ZST Digital Networks Trades Over 17% Lower After Negative SeekingAlpha Article (ZSTN)

The top-5 and bottom-5 percentage gainers in trading action thus far are: 
Best

1) National Semiconductor (NYSE: <a class="ticker" href="/stock/nsm#NYSE">NSM</a>): A bid from Texas Instruments to buy the company for $25 a share has the stock up a monstrous 71.57% to $24.14.

2) Inspire Pharmaceuticals (NASDAQ: <a class="ticker" href="/stock/isph#NASDAQ">ISPH</a>): After a trading halt, equity in the company has popped 24.5% to $4.95 on news that Merck (NYSE: <a class="ticker" href="/stock/mrk#NYSE">MRK</a>) will purchase the entity for $5 per share in cash.

3) Questcor Pharmaceuticals (NASDAQ: <a class="ticker" href="/stock/qcor#NASDAQ">QCOR</a>): The company's release of preliminary operating metrics for its March quarter after the bell yesterday is stoking a 22.45% jump to $18.27 in today's action.

4) Procera Networks (AMEX: <a class="ticker" href="/stock/pkt#AMEX">PKT</a>): Shares of this broadband service consulting company have surged almost 16% to $10.80 in the early afternoon hours. Investors are reacting to reports that the company was awarded two initial orders from European service providers with a total value of over $2.75 million. 

5) Almaden Minerals (AMEX: <a class="ticker" href="/stock/aau#AMEX">AAU</a>): After starting the day in neutral territory, equity of the company is building on an early morning run, currently up 15% to $4.64; already trading more than three times daily volume.

Worst

1) Duoyuan Global Water (NYSE: <a class="ticker" href="/stock/dgw#NYSE">DGW</a>): Continuing yesterday's freefall, shares of this company are down just over 21% to $3.14 this afternoon. Allegations of fraud on financial reports surfaced yesterday, which initially prompted the plunge. The scandal led the CFO to resign earlier today.

2) SemiLEDS (NASDAQ: <a class="ticker" href="/stock/leds#NASDAQ">LEDS</a>): A second-quarter loss along with an expected loss in the current quarter have knocked the stock down 18% to $11.84.

3) Meru Networks (NASDAQ: <a class="ticker" href="/stock/meru#NASDAQ">MERU</a>): A downgrade to neutral from outperform by Cowen is taking its toll. Shares are down over just under 16% to $15.90 in afternoon trading; they had been down as much as 20.5% earlier in the morning.

4) Wright Medical Group (NASDAQ: <a class="ticker" href="/stock/wmgi#NASDAQ">WMGI</a>): This medical device company is extending its morning slide. Shares are currently taking a11.7% hit to $15.13. Earlier today the company announced the appointment of Chairman David Stevens as interim President and CEO. 

5) ZST Digital Networks (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>): The equity began the day slightly in the red, but selling volume picked up at 10 a.m. EST and has pushed the stock down 11.2% to $4.94.

ISPH

LEDS

MERU

QCOR

WMGI

Mid Afternoon Top-5 and Bottom-5 Percentage Gainers (NSM, ISPH, MRK, QCOR, PK, AAU, DGW, LEDS, MERU, WMGI, ZSTN)

ZST Digital Networks, Inc. (Nasdaq: <a class="ticker" href="/stock/zstn#Nasdaq">ZSTN</a>) today announced the appointment of Mr. Henry Ngan to the position of Chief Financial Officer. 

Mr. Ngan replaces Dr. John Chen, who resigned on the date of Mr. Ngan's appointment. Dr. Chen will continue to work with the ZST Digital Board of Directors and its senior management team to ensure a smooth transition.

Management

ZST Digital Networks, Inc. Appoints New CFO 

Pre-open movers US stock futures are higher this morning, as investors are awaiting nonfarm payrolls for February. Futures on the Dow Jones Industrial Average surged 24 points to 12,263.00 and futures on the S&amp;P 500 stock index gained 1.50 points to 1,331.20. Nasdaq 100 futures rose 1.25 points to 2,373.00. 
A Peek Into Global Markets
Positive sentiment ruled the European markets today. While STOXX Europe 600 Index has advanced 0.34%, London's FTSE 100 Index moved up 0.41%. 
Asian markets ended in the positive territory, with Japan's Nikkei Stock Average gaining 1.02%, Australia's S&amp;P/ASX 200 moving up 1.14% and China's Shanghai Composite rising 1.36%.
Broker Recommendation Analysts at BofA/Merrill downgraded Goldman Sachs Group Inc (NYSE: <a class="ticker" href="/stock/gs#NYSE">GS</a>) from "buy" to "neutral." The target price for GS has been lowered from $182 to $174.
Goldman Sachs' shares gained 0.10% to $164.65 in after-hours trading. 

Breaking news 
<ul>
<li> Bronco Drilling Company, Inc., (Nasdaq: <a class="ticker" href="/stock/brnc#Nasdaq">BRNC</a>), announced today financial and operational results for the three months and twelve months ended December 31, 2010. To read the full news, <a href="http://www.benzinga.com/news/earnings/11/03/903542/bronco-drilling-company-inc-announces-fourth-quarter-and-fiscal-year-2010">click here. </a></li>
<li> ZST Digital Networks, Inc. (Nasdaq: <a class="ticker" href="/stock/zstn#Nasdaq">ZSTN</a>), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2010. To read the full news, <a href="http://www.benzinga.com/news/earnings/11/03/903446/zst-digital-networks-inc-announces-fourth-quarter-and-fiscal-year-2010-re">click here.</a></li>
<li> Genesco Inc. (NYSE: <a class="ticker" href="/stock/gco#NYSE">GCO</a>) today reported earnings from continuing operations of $31.4 million, or $1.34 per diluted share for the fourth quarter ended January 29, 2011, compared to earnings from continuing operations of $25.8 million, or $1.08 per diluted share, for the fourth quarter ended January 30, 2010. To read the full news, <a href="http://www.benzinga.com/news/earnings/11/03/903537/genesco-reports-fourth-quarter-fiscal-2011-results">click here.</a></li>
<li> Camelot Information Systems Inc (NYSE: <a class="ticker" href="/stock/cis#NYSE">CIS</a>) reported its Q4 adjusted EPS at $0.24, beating the consensus of $0.22. To read the full news, <a href="http://www.benzinga.com/news/11/03/903070/cis-reports-upbeat-q4-earnings">click here.</a></li>
</ul>

Read more <a href="http://www.benzinga.com/markets">from Benzinga's Markets.</a>

Futures

Global

BRNC

A Peek Into The Market Before The Trading Starts

ZST Digital Networks, Inc. (Nasdaq: <a class="ticker" href="/stock/zstn#Nasdaq">ZSTN</a>), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2010.
Total revenue was US$46.0 million, an increase of 51% compared to the fourth quarter of 2009.
Net income for the fourth quarter 2010 was US$8.5 million, an increase of 176% compared to the fourth quarter of 2009.
Basic and diluted earnings per share were both $1.90 for the fiscal year 2010, an increase of $0.74 compared to $1.16 for basic and diluted earnings per share for the fiscal year 2009.

Earnings

ZST Digital Networks, Inc. Announces Fourth Quarter and Fiscal Year 2010 Results 

Assisted Living Concepts Inc (NYSE: <a class="ticker" href="/stock/alc#NYSE">ALC</a>) is expected to post its Q4 earnings at $0.42 per share on revenue of $57.86 million. 
Madison Square Garden Inc (NASDAQ: MSG) is expected to report its Q4 EPS at $0.43 on revenue of $435.06 million. 
Bronco Drilling Company Inc (NASDAQ: <a class="ticker" href="/stock/brnc#NASDAQ">BRNC</a>) is expected to post a Q4 loss at $0.01 per share on revenue of $36.73 million.
Camelot Information Systems (NYSE: CIS) is projected to report its Q4 EPS at $0.22 on revenue of $53.91 million. 
Arbor Realty Trust (NYSE: <a class="ticker" href="/stock/abr#NYSE">ABR</a>) is expected to post a Q4 loss of $1.35 per share on revenue of $15.20 million. 
Cowen Group Inc (NASDAQ: <a class="ticker" href="/stock/cown#NASDAQ">COWN</a>) is projected to post its Q4 earnings at $0.03 per share on revenue of $73.88 million.
ZST Digital Networks Inc (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>) is expected to post its Q4 earnings at $0.57 per share on revenue of $40.97 million.
FreeSeas Inc (NASDAQ: <a class="ticker" href="/stock/free#NASDAQ">FREE</a>) is estimated to post a Q4 loss at $0.05 per share on revenue of $11.65 million.
MCG Capital Corporation (NASDAQ: <a class="ticker" href="/stock/mcgc#NASDAQ">MCGC</a>) is projected to report its Q4 EPS at $0.16 on revenue of $22.29 million.
Read more <a href="http://www.benzinga.com/markets">from Benzinga's Markets.</a>

COWN

FREE

MCGC

Earnings Scheduled For March 4 (ALC, MSG, BRNC, CIS, ABR, COWN, ZSTN, FREE, MCGC)

Congress and the SEC aren't happy with Chinese reverse listings on American exchanges. Many companies, like RINO International (NASDAQ: <a class="ticker" href="/stock/rino#NASDAQ">RINO</a>), have tiny revenue numbers, creative accounting practices, and poor management practices. Other stocks in the Chinese reverse takeover market that will be affected by this government crackdown will include China Valves Technology (NASDAQ: <a class="ticker" href="/stock/cvvt#NASDAQ">CVVT</a>), Origin Agritech (NASDAQ: SEEED), ZST Digital Networks (NASDAQ: <a class="ticker" href="/stock/zstn#NASDAQ">ZSTN</a>), and Lihua International (NASDAQ: <a class="ticker" href="/stock/liwa#NASDAQ">LIWA</a>).
The <a href="http://online.wsj.com/article/SB10001424052748704610904576032091919244966.html">Wall Street Journal reported earlier</a> that Congress and the SEC will be launching a large investigation into Chinese listings on American exchanges. Most of these companies have market capitalizations under $500 million.
Moreover, these investigations could cause serious disruptions to stock prices of these companies. RINO and China Education Alliance (NYSE: <a class="ticker" href="/stock/ceu#NYSE">CEU</a>), for example, have recently dropped over 50% in the past few weeks after government investigations into their reporting practices. RINO was also downgraded from the NASDAQ exchange to the pinksheets exchange.

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