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

Thursday's Tech Winners & Losers

Shares of Eclipsys (ECLP) were among technology's losers Thursday, tumbling 23% after the software company posted weaker-than-expected second-quarter sales and gave a full-year guidance below Wall Street's expectations.

Eclipsys reported second-quarter earnings of $1.1 million, or 2 cents a share. Excluding certain items, the company earned $5.8 million, or 11 cents a share, matching the Thomson First Call mean analyst estimate. Sales, though, totaled $102.3 million and fell short of analysts' target of $107 million. During the year-earlier period, the company reported an adjusted loss of $1.8 million, or 4 cents a share, on revenue of $95.9 million.

Eclipsys forecast full-year adjusted earnings of 52 cents to 58 cents a share and revenue of $422 million to $432 million. Analysts project earnings of 59 cents a share, with revenue of $435.4 million. Shares were trading down $4.50 to $15.12.

Cogent (COGT) plunged 24% after the fingerprint-identification technology company posted second-quarter results that missed expectations by a wide margin. The company earned $3.6 million, or 4 cents a share, on revenue of $13.2 million. Excluding stock-based compensation costs, the company earned $4.4 million, or 5 cents a share. Analysts expected earnings of 10 cents a share and revenue of $28 million. A year earlier, the company earned $14.4 million, or 16 cents a share, on revenue of $39.4 million. "Our lower second-quarter revenues reflect lumpiness in our business, the timing of revenue recognition of contracts and the delay of projects from key existing customers," the company said. Shares were down $3.29 to $10.41.

Shares of LeapFrog Enterprises (LF) sank 20% after the maker of technology-based educational toys posted second-quarter results that were well-below forecasts. The company reported a loss of $25.7 million, or 41 cents a share, widened from $9.8 million, or 16 cents a share, a year earlier. Analysts projected a smaller loss of 25 cents a share. Revenue tumbled to $68.1 million from $87.1 million, missing Wall Street's target of $82.3 million. "The results speak for themselves -- LeapFrog is a company with fundamentals that need to be addressed," the company said. Shares were trading down $1.90 to $7.65.
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
CSCO $27.32 0.00%
IBM $138.46 0.00%
INTT $3.70 0.00%
LF $0.68 0.00%
AAPL $117.81 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs