Shares of Synchronoss Technologies (SNCR - Get Report) were among technology's winners Wednesday, jumping 13% after the software provider said that Cingular selected its software platform for use in Apple's (AAPL - Get Report) new iPhone product.
"This is significant for Synchronoss because it not only represents an additional driver to our Cingular-related revenue, but also because it is a major step forward in our efforts to move our ActivationNow platform up the stack," Synchronoss said.
Synchronoss reiterated its 2007 adjusted earnings forecast of 44 cents to 48 cents a share. The company predicts revenue of $99 million to $100 million. Analysts polled by Thomson First Call project earnings of 44 cents a share and revenue of $99.9 million. Shares were trading up $1.98 to $16.75.
Perficient (PRFT - Get Report) rose 8% after the information technology consulting firm boosted its fourth-quarter revenue estimate. The company expects to report revenue of $48.4 million to $49.6 million, up from an earlier forecast of $42.4 million to $45.1 million. Analysts, on average, project revenue of $44.6 million. Shares of Perficient were trading at $18.72, up $1.37.Shares of Ramtron (RMTR) tumbled 15% after the chipmaker cut its fourth-quarter revenue projection. The company now estimates revenue of $9.1 million to $9.2 million, below its earlier forecast of $10.2 million to $11.2 million. Analysts anticipated revenue of $11.4 million. Ramtron attributed the shortfall to an earthquake in Taiwan and severe weather in Colorado, which resulted in product shipment delays. Shares were trading down 53 cents to $2.90.