Double Digit Winners: Radian Group Inc.(NYSE:RDN), Jda Software Group Inc (NASDAQ:JDAS)

Shares of Jda Software Group Inc(NASDAQ:JDAS) rose by $6.61 or 17.33% to $44.76 in Thursday’s session with the news of acquisition by its rival RedPrairie for about $1.9 billion in cash.

The $45 per-share offer represents an 18 percent premium over JDA's Wednesday close.

The third quarter results for JDA was lower than expected as software and subscription revenue slipped 18 percent on weak license sales in Europe and to manufacturers in North America.

The consulting services revenue fell 4% to $64.3 million mainly due to reduced work from a customer in the Asia-Pacific region.

The deal is expected to get over by end of 2012 creating a company with revenue of over $1 billion which is to be led by JDA's Brewer, the companies said.

Credit Suisse and New Mountain Capital will fund the deal by giving loan to the company.

Shares of the company were up 12.505 in Wednesday’s session.

Stocks of Radian Group Inc.(NYSE:RDN)  rose $5.37, up 68 cents or 14.50% in the previous trading session as the company posted its first quarterly profit this year.

The company wrote $10.6 billion of new mortgage insurance in the third quarter, a rise by 159% in comparison to last year.

However the third quarter net income fell by almost 92% to $14.3 million, or 11 cents per share in comparison to last year.

The third quarter profit included net gains on investment of $84.7 million, a rise by 4% in comparison to last year.

Radian Guaranty's risk-to-capital ratio improved to 20.1:1 as of the end of the September quarter from 21:1 as of the end of June. Most U.S. states allow a maximum risk-to-capital ratio of 25 to 1.

The bankruptcy of PMI Group Inc and the forced stop writing of new insurance of Old Republic Inc led to the gain in market share of Radian Inc.

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Early Movers: Jda Software Group Inc (NASDAQ:JDAS), JDS Uniphase Corp (NASDAQ:JDSU)

JDS Uniphase Corp (NASDAQ:JDSU), the communications equipment maker, posted its results for the  fiscal first quarter and the losses are much higher than last year.  However, profits after adjustments beat analysts’ estimates, although adjusted revenue fell short of expectations.  The revenue forecast for the second quarter was also lower than Street estimates.

The net loss of $11.6 million or $0.05 a share, was much deeper than the net loss of $5.8 million or $0.03 a share in the prior year period.

The adjusted income of the California-based Company was $35 million or $0.15 a share. Analysts had expected only $0.12 a share this quarter.  However, the adjusted net income in the same period last year was higher, $41.2 million or $0.18 a share. 

Adjusted revenues rose 1.2 percent to $420.9 million from $416.1 million. The Street had expected $426.85 million.

The company sees net revenue in the range of $410 million and $430 million in the second quarter.  But analysts expect much higher revenues of $464.40 million.

Shares of JDSU slid 2.23% to $10.10 in the opening session.

Jda Software Group Inc(NASDAQ:JDAS) which is mainly into enterprise technology is on the block, according to sources.  It has reportedly appointed JP Morgan Chase and Co as adviser.  Several parties have expressed their interest in purchasing the company, private equity firms and strategic buyers included.

The $1.5 billion company provides customized software to a wide range of customers.  In March, the New York-based Praesidium Investment Management Company LLC, had disclosed that it had taken a stake in JDA Software and that it would discuss business, management and operations with the company's board, shareholders and other stakeholders.

Praesidium, the largest shareholder of JDA software, has over the last several months increased its equity stake to 8.9 percent.

Shares of the company soared over 12% in the opening session.

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