Daily FNArena News - Small Caps

Brokers welcome the news NextDC has purchased the land need to expand its Brisbane and Melbourne data capacity and a reduced estimate for capital expenditure.

At its FY16 result Ozforex has reiterated its ambitious targets, expecting to double FY15 revenue by FY19.

Brokers laud the acquisition strategy of Integral Diagnostics, as it expands its regional footprint in Victoria.

SMS Management & Technology has downgraded earnings guidance, citing fewer contract wins for its consulting division.

Catapult Group has signed its first overseas league-wide contract, as awareness of its product grows substantially.

Dairy co-operative MG Unit Trust has downgraded its FY16 guidance after being overly ambitious in its previous forecasts for milk powder sales to China.

Lawyer group Shine Corporate has sustained a sharp surge in share price over the past month and Moelis calls time out for a breather ahead of the August results.

Property developer Peet Ltd is feeling the impact of a more subdued housing market in its home state of Western Australia but brokers note its east coast star is rising.

Pro Medicus has won a seven-year contract with the Mercy Health System and Moelis takes a look at what this means for the earnings outlook.

Moelis initiates coverage of Alexium International, a company developing non toxic chemical flame retardant treatments.