Friday, January 16, 2009

Inside Fast Growth Technology Companies

Fast-growth firms see stock plummet by end of 2008

Video Gallery

MHT managing editor Rodney Brown on NECN: 22 tech companies give back to community

MHT reporter Efrain Viscarolasaga on NECN: Green tech brings jobs back to Mass.

How is the economic crisis affecting tech companies?

Related News

Bankruptcy court approves $5M sale of Oscient drug [September 3, 2009]

Altus receives Nasdaq delisting warning [August 11, 2009]

Alnylam’s net loss widens in Q2 [August 7, 2009]

Altus Pharma: Cash is running out [August 5, 2009]

GTC receives second delisting notice [June 22, 2009]

The scarlet number
Growth companies took a Wall Street beating

To get a sense of the impact that the economic crisis may be having on companies, Mass High Tech looked at the changes in stock prices for some of the tech companies drawn from the Boston Business Journal’s 2008 Fastest-Growing Public Companies list, published in September (based on three-year revenue growth). A comparison of their early January stock prices with their 52-week highs brought out red numbers showing declines ranging from 12.1 percent to a staggering 92.7 percent.

Rank: 1
NxStage Medical Inc.
Lawrence
www.nxstage.com
Technology: Dialysis products
Nasdaq: NXTM
52-week high: $14.96
Open on Jan. 6, 2009: $3.07
Percentage change: -79.5

Rank: 2
Alnylam Pharmaceuticals Inc.
Cambridge
www.alnylam.com
Technology: RNAi therapeutics
Nasdaq: ALNY
52-week high: $36.37
Open on Jan. 6, 2009: $25.51
Percentage change: -29.9

Rank: 3
Thermo Fisher Scientific Inc.
Waltham
www.thermofisher.com
Technology: Analytical instruments, lab equipment, consumables
NYSE: TMO
52-week high: $62.77
Open on Jan. 6, 2009: $35.65
Percentage change: -43.2

Rank: 4
SoapStone Networks Inc.
(previously Avici Systems Inc.)
Billerica
www.soapstonenetworks.com
Technology: Telecommunications network control software
Nasdaq: SOAP (formerly AVCI)
52-week high: $9.20
Open on Jan. 6, 2009: $2.81
Percentage change: -69.4

Rank: 5
Altus Pharmaceuticals Inc.
Cambridge
www.altus.com
Technology: Protein therapeutics for patients with chronic gastrointestinal and metabolic diseases
Nasdaq: ALTU
52-week high: $7
Open on Jan. 6, 2009: $0.51
Percentage change: -92.7

Rank: 6
Oscient Pharmaceuticals Corp.
Waltham
www.oscient.com
Technology: Commercial-stage cardiovascular product and a fluoroquinolone antibiotic
Nasdaq: OSCI
52-week high: $2.84
Open on Jan. 6, 2009: $0.29
Percentage change: -90

Rank: 7
GTC Biotherapeutics Inc.
Framingham
www.gtc-bio.com
Technology: Therapeutic proteins through transgenic animals
Nasdaq: GTCB
52-week high: $1.19
Open on Jan. 6, 2009: $0.44
Percentage change: -63

Rank: 8
Curis Inc.
Cambridge
www.curis.com
Technology: Signaling pathway drug technologies that create new targeted small molecule drug candidates for cancer
Nasdaq: CRIS
52-week high: $1.94
Open on Jan. 6, 2009: $0.80
Percentage change: -58.8

Rank: 12
Hologic Inc.
Bedford
www.hologic.com
Technology: Diagnostics, medical imaging systems and surgical products dedicated to serving the health care needs of women
Nasdaq: HOLX
52-week high: $35.79
Open on Jan. 6: $12.48
Percentage change: -65.1

Rank: 13
Cubist Pharmaceuticals Inc.
Lexington
www.cubist.com
Technology: IV antibiotic from a class of anti-infectives called lipopeptides
Nasdaq: CBST
52-week high: $28.74
Open on Jan. 6, 2009: $25.25
Percentage change: -12.1

Rank: 14
Dusa Pharmaceuticals Inc.
Wilmington
www.dusapharma.com
Technology: Several pharmaceuticals directed at dermitological conditions
Nasdaq: DUSA
52-week high: $2.58
Open on Jan. 6: $1.10
Percentage change: -57.4

Rank: 15
iBasis Inc.
Burlington
www.ibasis.com
Technology: International voice carrier and wholesale provider of voice, mobile data, and prepaid calling products and services
Nasdaq: IBAS
52-week high: $5.71
Open on Jan. 6, 2009: $1.50
Percentage change: -73.7

Rank: 17
Sycamore Networks Inc.
Chelmsford
www.sycamorenet.com
Technology: Networking infrastructure equipment for communications carriers
Nasdaq: SCMR
52-week high: $3.79
Open on Jan. 6, 2009: $2.65
Percentage change: -30

Rank: 18
Akamai Technologies Inc.
Cambridge
www.akamai.com
Technology: Internet performance optimization platform and services
Nasdaq: AKAM
52-week high: $40.90
Open on Jan. 6, 2009: $16.30
Percentage change: -60.1

Rank: 19
Cynosure Inc.
Westford
www.cynosure.com
Technology: Light-based aesthetic and medical treatments
Nasdaq: CYNO
52-week high: $28.24
Jan. 6, 2009 open: $9.55
Percentage change: -66.2

(Stock prices are drawn from financial news services and do not account for splits or other unusual events. List does not include companies that have been acquired since the start of 2008. The BBJ’s Fastest-Growing Public Companies list is based on three-year revenue growth.)