RiT Technologies Pops Up 20% On News (RITT, DGIT, EDU, MFRM, MAT)

RiT Technologies Pops Up 20% On News (RITT, DGIT, EDU, MFRM, MAT)

RiT Technologies Ltd (NASDAQ:RITT) among the gainers and the stock increased 20.21% to $3.51 on a traded volume of 369k shares. The Company announced that its SMART Xlight  end-to-end fiber optic cabling solution has been certified by an independent laboratory to exceed 10 Gb/s and 100Gb/s performance requirements as specified in the ANSI/TIA-568-C standard.

Digital Generation Inc (NASDAQ:DGIT) is one of the top percentage gainers in NASDAQ. The stock surged up 26.64% to $12.17 on a traded volume of 2.08 million shares. The Board of Directors is undergoing a strategic review of the feasibility and relative merits of various financial strategies for the Company. The strategies may include partnerships, strategic business model alternatives, a sale or other transaction.

New Oriental Education & Tech Grp (ADR) (NYSE:EDU) slipped 28.93%to $15.82 on a traded volume of 17.51 million shares. The stock is down after Securities and Exchange Commission was probing its business. The Company believes the probe relates to Beijing New Oriental Education & Technology Co in which it has a stake, was properly included in its financial statements.

Mattress Firm Holding Corp (NASDAQ:MFRM) decreased 14.58% to $25.43 after the Company lowered its second quarter sales estimate. The company expects second-quarter sales outlook to be in the range $260-$265 million. It also lowered its sales forecast for the full year to $1.01-$1.03 billion, from $1.03-$1.06 billion. The Company expects earnings of 38-40 cents per share for the second quarter.

Mattel Inc (NASDAQ:MAT) increased 8.96% to $33.82. The Company reported second quarter EPS of $0.28, beating the analyst estimate of $0.21. Revenue for the quarter was $1.16 billion versus the consensus estimate of $1.13 billion. The Board of Directors declared a third quarter cash dividend of $0.31 per share. The dividend will be payable on September 21, 2012 to stockholders of record on August 29, 2012. UBS maintained a buy rating on the stock with a price target of $36.00.