This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tuesday's Tech Winners & Losers

Shares of Alcatel-Lucent (ALU) were among technology's losers Tuesday, sliding 8% after the telecom-equipment maker warned that fourth-quarter revenue would be short of Wall Street's expectation.

The Paris-based company estimates revenue of 3.87 billion euros, or roughly $5.02 billion. Analysts polled by Thomson Financial project revenue of $5.33 billion. On a pro forma basis, adjusting for the Alcatel and Lucent merger, the company projects revenue of 4.42 billion euros. That's down from 5.25 billion euros a year earlier. Meanwhile, the company projects break-even operating results, down from a profit of 570 million euros a year ago. Shares were trading down $1.13 to $13.06.

StarTek (SRT) plunged 24% after the technology outsourcing company put fourth-quarter results well below Wall Street's forecast. The company expects to report earnings of 7 cents to 9 cents a share, with revenue of about $59 million. Analysts project a profit of 16 cents a share on revenue of $64.8 million. Shares were trading down $3.19 to $9.55.

Tellabs (TLAB) traded actively after the telecom-equipment maker posted mixed fourth-quarter results. Tellabs reported posted fourth-quarter earnings of $29 million, or 7 cents a share. Excluding items, the company earned $47 million, or 10 cents a share, a penny above analysts' mean estimate. Revenue totaled $455 million, shy of Wall Street's projection of $463.4 million. In the year-earlier period, Tellabs recorded adjusted earnings of $100 million, or 22 cents a share, on revenue of $521 million.

For the first quarter, Tellabs anticipates revenue of $445 million to $455 million, below analysts' projection of $495.2 million. Shares were trading up 7 cents to $10.09.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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