Tech Stocks in Motion
Shares of Intervoice (INTV) were among technology's losers Thursday, falling 10% after the company posted mixed second-quarter results and forecast third-quarter sales below Wall Street expectations.
The provider of data and voice solutions earned $4.6 million, or 12 cents a share, on sales of $43.3 million. Results were helped by a $1 million tax-expense adjustment. Analysts polled by Thomson First Call were expecting earnings of 9 cents a share on sales of $44 million. A year ago the company earned $5.1 million, or 13 cents a share, on sales of $44.3 million.
Looking ahead, Intervoice forecast third-quarter sales of $40 million to $45 million. Analysts had been expecting sales of $46.7 million. Shares were trading down 90 cents to $8.57.
Cognos (COGN) fell 3% after the company reported second-quarter earnings that beat expectations but forecast third-quarter earnings that would be below expectations. The software company reported second-quarter earnings of $28.7 million, or 31 cents a share, on sales of $212 million. Analysts were expecting earnings of 30 cents a share on sales of $212.7 million. A year ago the company earned $27.6 million, or 30 cents a share, on sales of $18.5.2 million.Looking ahead, Cognos forecast third-quarter earnings of 36 cents to 39 cents a share on sales of $230 million to $237 million. Analysts had been expecting earnings of 40 cents a share on sales of $235.4 million. Shares were trading down $1.27 to $37.75. Shares of Comtech Telecommunications (CMTL) rose 4% after the company posted fourth-quarter results that easily outpaced expectations. The telecom-equipment maker earned $11 million, or 42 cents a share, on sales of $98.3 million. Analysts were expecting earnings of 34 cents a share on sales of $83 million. A year ago the company earned $6.1 million, or 25 cents a share, on sales of $59.1 million. Shares were trading up $1.62 to $38.90.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV