This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tech Stocks in Motion

Updated from 1:02 p.m. EDT

Shares of Cogent (COGT) were among technology's losers Tuesday, falling 8.9% after the company filed to sell 11 million shares of stock.

The company, a provider of automated fingerprint identification systems, said that of the 11 million shares, it would offer 4 million. Executive officers and stockholders of the company will sell the remaining 7 million shares. Morgan Stanley and J.P. Morgan Securities are leading the underwriting syndicate. Shares traded down $2.02 to $20.75.

WPCS International (WPCS - Get Report) rose 2% after the wireless engineering services company received a $7 million contract. The contract, which was awarded by an unnamed major wireless carrier, will be completed over the next 18 months. The project is related to a multiphase FCC mandated rebanding initiative to include mitigation of public safety radio interference at 800MHz by realigning operators. Shares traded up 11 cents to $5.51.

Shares of Corning (GLW - Get Report) fell 1.9% after the company backed its second-quarter guidance but tweaked its telecommunications segment outlook. The company expects earnings of 17 cents to 19 cents a share on sales of $1.08 billion to $1.13 billion. Analysts polled by Thomson First Call are expecting earnings of 18 cents a share on sales of $1.1 billion. Corning now expects sales in its telecom segment to be sequentially flat to up 5%. Previously, the company said it would post sequential sales growth of 5%. The revised outlook is due to potential lower demand, it said. Shares traded down 29 cents to $14.74.

Shanda Interactive Entertainment (SNDA) fell 1.3% after the company posted first-quarter results that were better than expected. The online games operator earned $26.6 million, or 36 cents a share, on sales of $60 million. Analysts were expecting earnings of 33 cents a share on sales of $53.6 million. A year ago the company earned $8.7 million. Shares traded down 43 cents to $33.46.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GLW $18.37 -1.34%
JBL $17.20 -0.81%
WPCS $1.31 1.55%
AAPL $94.19 -1.04%
FB $118.06 0.54%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs