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

Wednesday's Tech Winners and Losers

Shares of Catapult Communications (CATT) were among technology's losers Wednesday, sliding 9% after the maker of digital telecom test systems cut its third-quarter revenue outlook.

The company now sees revenue of $10.7 million to $11.7 million for the quarter ending June 30, down from an earlier view of $12.8 million. Analysts polled by Thomson First Call project revenue of $12.8 million. "Order input for the quarter is falling short of our expectations, which indicates that revenues will not recover from second quarter levels to the extent we originally anticipated," Catapult said in a press release. Shares recently were trading down $1.15 to $12.

Andrew (ANDW) rose 5% after the telecom supplier agreed to be acquired by ADC Telecommunications (ADCT) for about $2 billion in stock. Andrew shareholders will receive 0.57 ADC shares for each Andrew share they hold, which would value Andrew at $12.76 a share based on Tuesday's closing prices. That price represents 30% premium over Andrew's closing price Tuesday of $9.78. The deal is expected to close within four to six months. Shares of Andrew were trading up 52 cents to $10.30, while shares of ADC tumbled $4.22, or 19%, to $18.16.

Shares of Versant (VSNT) rose 5% after the data management company said it swung to a second-quarter profit and raised its fiscal 2006 guidance. For the quarter ended April 30, the company earned $1.2 million, or 32 cents a share, on revenue of $3.8 million. A year earlier, the company posted a loss of $1.1 million, or 30 cents a share, on revenue of $3.2 million.

Looking ahead, Versant now sees fiscal 2006 earnings of $2.6 million to $2.9 million, up from an earlier view of $1.6 million to $2 million. Shares were trading up 36 cents to $7.36.

McData (MCDTA) fell 3% after the storage networking company posted weaker-than-expected first-quarter revenue. The company recorded a loss of $9.5 million, or 6 cents a share, on revenue of $168.3 million. Excluding items, McData reported a profit of $6.1 million, or 4 cents a share. Analysts expected earnings of 4 cents a share on revenue of $170.4 million. During the year-earlier quarter, the company earned $3 million, or 3 cents a share, on revenue of $98.9 million. Shares were down 10 cents to $3.69.
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
MCHP $49.35 1.56%
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs