MIVA had an extremely strong day on Monday, trading up over 20% to finish the session after reporting that they expect their Q1 results to show sequential revenue growth. The company said that it now expects Q1 revenues to come in at about $44.4 million dollars, better than analyst expectations of $43.9 million dollars. Analysts and investors alike had been concerned about the company after the resignations of the CEO and President on April 4th. This announcement calmed the nerves of analysts and investors, who were assuming a worst case scenario for the Q1 results and beyond. Volume was high on Monday, with over 1.6 million shares of the company changing hands, compared to a normal daily average of just over 296k shares traded. MIVA currently has a market cap of just under $130 million dollars.
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