Cannell Capital’s Top Picks and Recent Move at Procera Networks Inc

Cannell’s second most valuable position was in Intralinks Holdings Inc (NYSE:IL) with 1.85 million shares valued at $22.01 million. Cannell has held a position in the software-as-a-service provider since the first quarter of 2012. That followed a disastrous 2011 for the stock, which shed over 60% from the beginning of that year, and over 80% from its all-time high of $31.76 near the end of April of that year.

While shares are up over 50% since then, Intralinks Holdings Inc (NYSE:IL) is coming off a down year, dipping 10%, and is suffering even worse in 2015, down over 15%. All of that dip and more occurred today, when the company released its fourth quarter earnings results. While revenue came in slightly above expectations, earnings did not. More importantly, guidance for 2015 was underwhelming, with revenue growth projected between 4% and 6%, and earnings projected to be flat year-over-year, which led to the huge selloff of shares.

Lastly is EVINE Live Inc (NASDAQ:EVLV), formerly known as ValueVision Media, and later ShopNBC. Cannell has been a long-time shareholder of EVINE as well, dating back to the second quarter of 2011. Cannell is one of the largest shareholders of EVINE, with ownership of 3.09 million shares at the end of 2014. After dipping below $2 in 2012, EVINE rebounded with a strong 2013, gaining over 250%, but is down slightly since.

The cable and broadcasting company, which owns the home shopping network ShopHQ, is attempting to transition into a digital commerce company after a proxy battle last summer ended with the ouster of much of the company’s top management and board of directors.

Disclosure: None