Friday's Tech Winners & Losers

Shares of Cbeyond(CBEY Quote) were among technology's winners Friday, vaulting 23% after the telecom services company posted second-quarter results that beat expectations.

The company earned $1.4 million, or 5 cents a share, on revenue of $52.5 million. Analysts polled by Thomson First Call expected a loss of a penny a share on revenue of $50.4 million. A year earlier, Cbeyond reported a loss of $3.4 million, or $21.96 a share, on revenue of $38.2 million.

Looking ahead, Cbeyond now sees full-year adjusted earnings before interest, taxes, depreciation and amortization of at least $32 million on revenue of at least $212 million. Previously, the company projected adjusted EBITDA of at least $30 million and revenue of at least $206 million. Shares were trading up $4.11 to $22.01.

Leap Wireless(LEAP Quote) jumped 8% after the wireless communications company posted an unexpected second-quarter profit. The company earned $7.5 million, or 12 cents a share, besting analysts' forecast for a loss of 3 cents a share. Leap Wireless recorded revenue of $267.9 million, slightly shy of Wall Street's projection of $271.4 million. During the year-earlier period, the company earned $1.1 million, or 2 cents a share, on revenue of $226.8 million. Shares were trading up $3.42 to $42.29.

Shares of Anaren(ANEN Quote) soared 18% after the maker of microwave signal distribution networks and components reported big gains in fourth-quarter results. For the period ended June 30, the company earned $4.4 million, or 24 cents a share, on revenue of $29.1 million. Two analysts polled by Thomson First Call had an average estimate for earnings per share of 21 cents. A year earlier, Anaren earned $2.6 million, or 14 cents a share, on revenue of $24.1 million. "The growth in net sales for the quarter was driven by both the wireless and space and defense business groups," the company said.

Anaren projects fiscal first-quarter earnings of 20 cents to 24 cents a share, in line with the analyst estimate of 22 cents. The company targets revenue of $27.5 million to $29.5 million, above Wall Street's target of $27.2 million. Shares were adding $3.12 to $20.79.