Tuesday's Tech Winners & Losers
Shares of Intevac (IVAC) were among technology's winners Tuesday, jumping 11% after the company said it received orders for 11 of its disk-sputtering systems.
As a result of the orders, Intevac expects 2006 revenue to top expectations. "These tools are scheduled for delivery in the fourth quarter this year and first quarter next year," the company said. "With these orders, we have now booked enough systems to not only exceed the high end of our May 1 revenue guidance for 2006 but also provide an excellent start for 2007," the company said. Analysts polled by Thomson First Call project 2006 revenue of $197.3 million. Intevac shares were trading up $2.28 to $23.90.
Flir Systems (FLIR) soared 22% after Textron's (TXT) Bell Helicopter unit selected the thermal imaging company's airborne multi-sensor system for its armed reconnaissance helicopter program. The system, which will be used by the Army, incorporates an advanced thermal imager, a CCD-TV camera, a laser designator and a laser rangefinder. Financial terms of the deal were not disclosed. Flir shares were higher by $4.73 to $26.37.
Shares of Perficient (PRFT) rose 7% after the information technology consulting firm lifted its second-quarter revenue projection. The company expects to post revenue of $36.6 million to $37.7 million, up from an earlier view of $31 million to $32.8 million. Analysts project revenue of $32.8 million. "Organic growth continued to accelerate in Q2," the company said. "Utilization rates are high and we're adding billable resources to address our existing project backlog and pipeline." Shares were up 85 cents to $12.98.Lucent (LU) fell 4% after the telecom-equipment company warned that third-quarter results would be below Wall Street's forecast. For the period ended June 30, the company sees earnings of 2 cents a share on revenue of $2.04 billion. Analysts, meanwhile, project earnings of 4 cents a share and revenue of $2.34 billion. A year earlier, Lucent reported earnings of 7 cents a share on revenue of $2.34 billion. "During the third quarter, our North American mobility business was adversely impacted by a slowdown in spending on some of our current-generation wireless solutions," the company said. Lucent plans to report its third-quarter results on July 26. Shares were trading down 10 cents to $2.24.
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