Tech Stocks in Motion

Shares of C-Cor(CCBL Quote) were among technology's losers Thursday, falling 15% after the Internet services and products company posted a wider-than-expected fourth-quarter loss and forecast first-quarter results that are below expectations.

The company reported a loss of $5.7 million, or 12 cents a share, on sales of $68.5 million. Results included a restructuring charge and other items totaling 4 cents a share. Excluding items, the company would have reported a loss of 8 cents a share. Analysts polled by Thomson First Call were expecting a loss of 7 cents a share on sales of $68.4 million.

Looking ahead, C-Cor forecast a first-quarter loss of 15 cents to 20 cents a share, which includes 6 cents a share in items. Without the items, the company expects to report a loss of 9 cents to 14 cents a share. C-Cor expects sales of $65 million to $70 million. Analysts are expecting a profit of 5 cents a share on sales of $75.5 million. Shares were trading down $1.18 to $6.81.

Synopsys(SNPS Quote) rose 11% after the semiconductor design software company posted third-quarter results that topped forecasts. The company earned $17.3 million, or 12 cents a share, on sales of $251.5 million. Excluding one-time gains and charges, the company would have earned $15.2 million, or 10 cents a share. Analysts were expecting earnings of 8 cents a share on sales of $247.6 million. A year ago the company reported pro forma earnings of $53.2 million, or 33 cents a share, on sales of $281.7 million. Looking ahead, Synopsys forecast fourth-quarter pro forma earnings of 7 cents to 11 cents a share, in line with expectations, on sales of $248 million to $258 million, which is in line with the $251.3 million that analysts are expecting. Shares were recently trading up $1.92 to $18.90.

Shares of Dycom Industries(DY Quote) fell 10% after the provider of specialty contracting services to telecommunication companies said that fourth-quarter earnings and sales would be at the low end of their previous ranges. The company now expects earnings to be at the low end or slightly below its previous earnings range of 33 cents to 38 cents a share. Sales, meanwhile, are now expected to be at the low end of $250 million to $270 million. What's more, the company will record an after-tax impairment charge of about $29 million, which is related to goodwill at its White Mountain Cable Construction subsidiary. Analysts had been expecting earnings of 35 cents a share on sales of $258.3 million. Shares were trading down $2.45 to $21.61.