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

Friday's Tech Winners & Losers

Shares of Blackboard (BBBB) were among technology's winners Friday, surging 15% after the software company bolstered its second-quarter and full-year outlook.

The company now sees a loss of 23 cents to 24 cents a share, with revenue of $41.8 million to $42.8 million. Analysts polled by Thomson First Call project a wider loss of 29 cents a share and revenue of $41.4 million. Previously, the company forecast a loss of 28 cents to 30 cents a share on revenue of $40.5 million to $41.5 million. On a so-called cash basis, which excludes items, the company now sees a loss of 4 cents to 5 a share, narrowed from an earlier view of 9 cents to 10 cents.

For the full year, Blackboard now anticipates a loss of 43 cents to 47 cents a share. The company's prior forecast called for a loss of 50 cents to 54 cents a share. Blackboard raised its revenue forecast to $173.1 million to $176.1 million from a previous estimate of $169.7 million to $172.7 million. Analysts project a loss of 52 cents a share and revenue of $171.6 million. On a cash basis, the company now sees a profit of 15 cents to 19 cents a share, up from an earlier view of 8 cents to 13 cents a share. Shares were up $3.63 to $27.95.

Tektronix (TEK) slid 9% after the company posted solid fiscal fourth-quarter results but gave a lower-than-expected guidance for the first quarter. The company, which makes testing and measurement equipment for computer and chip companies, posted earnings of $31.9 million, or 37 cents a share, for the period ended May 27. Excluding items, the company earned $36.4 million, or 43 cents a share, a penny better than analysts' average forecast. Revenue totaled $289.3 million, compared with Wall Street's projection of $282.3 million. A year earlier, the company earned $27.4 million, or 31 cents a share, on revenue of $261 million.

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
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!
SYM TRADE IT LAST %CHG
SPEC $0.12 0.00%
QCOM $67.12 0.00%
XLNX $43.58 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs