This Day On The Street
Continue to site
ADVERTISEMENT
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

Shares of S1 (SONE) were among technology's losers Monday, falling 10% after the software company announced a restructuring plan and warned that third-quarter results would fall below expectations.

S1 expects to report a loss of 9 cents to 10 cents a share on sales of $57 million to $58 million. The loss forecast includes an estimated $3.5 million in charges related to the reorganization plan, which includes cutting 8% of the company's workforce and consolidating some facilities. The company said the plan is expected to reduce annual operating expenses by $20 million to $22 million. S1 plans to record charges totaling $14 million to $15 million over the third and fourth quarters related to the moves.

The company now expects its financial institutions segment to report total third-quarter sales of $47 million to $48 million. Previously, S1 had predicted it would post total sales of $61 million to $64 million and financial institutions sales of $53 million to $55 million. Excluding charges, the company expects its financial institutions segment to post a loss of 4 cents to 5 cents a share, worse than its prior projection for break-even results to a loss of 3 cents a share. Analysts polled by Thomson First Call projected loss of 1 cent a share on sales of $63.3 million.

RSA Security (RSAS) fell 6% after the company narrowed its third-quarter forecast. The company, which makes digital security products, expects to report third-quarter earnings of 20 cents to 22 cents a share, including a benefit of 8 cents to 9 cents a share related to tax refunds. Previously, the company projected it would earn 11 cents to 14 cents a share, before any tax gains. RSA also narrowed its sales estimate to $76 million from a range of $74 million to $78 million. Analysts project earnings of 12 cents a share on sales of $75.8 million. RSA will post full third-quarter results on Oct. 27. Shares were trading down 69 cents to $11.51.
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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMAT $19.17 -0.52%
OVRL $3.48 -7.93%
AAPL $125.69 -0.25%
FB $87.22 -0.38%
GOOG $525.02 0.41%

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs