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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs