This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Wednesday's Tech Winners & Losers

Shares of Secure Computing (SCUR) were among technology's losers Wednesday, plunging 34% after the maker of network-security products slashed its second-quarter earnings and sales guidance.

The company now sees adjusted earnings, which excludes items, of 5 cents to 6 cents a share, down from an earlier view of 10 cents to 12 cents a share. The company now predicts sales of $38.5 million to $39 million, down from an earlier forecast of $43 million to $45 million. Analysts polled by Thomson First Call project earnings of 11 cents a share on sales of $44.2 million.

Separately, Secure Computing said that it agreed to buy privately-held messaging-security company CipherTrust for $273.6 million in cash and stock. The purchase price consists of $185 million in cash, 10 million shares of Secure Computing stock,and a $10 million seller note that is tied to performance obligations. CipherTrust is expected to contribute sales of about $15 million to $20 million to Secure Computing's top line during 2006 and $80 million in sales during 2007. The deal is expected to be accretive to adjusted earnings during the second half of 2007. Shares of Secure Computing recently were trading down $2.78 to $5.29.

Intergraph (INGR - Get Report) shares jumped 13% after the software company boosted its second-quarter projections. The company now sees operating income of $11.3 million to $12.3 million, up from an earlier forecast of $5 million to $7 million. Excluding a restructuring charge, the company expects operating income of $17 million to $18 million, up from an earlier view of $10.5 million to $11.5 million. Intergraph also raised its revenue estimate to $151 million to $153 million from an earlier forecast of $145 million to $147 million. Analysts project revenue of $145.9 million. Intergraph shares were up $4 to $34.62.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

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