Wednesday's Tech Winners & Losers

Shares of CommScope(CTV Quote) were among technology's winners Wednesday, climbing 10% after the maker of fiber-optic cable products boosted its first-quarter revenue and margin projections.

The company now sees revenue of $415 million to $425 million, up from an earlier forecast of $390 million to $410 million. Analysts polled by Thomson First Call project revenue of $404.2 million. CommScope expects operating margins of 12.5% to 13.5%, up from a previous view of 10.5% to 11.5%.

The company left its 2007 revenue guidance unchanged. In February, CommScope predicted full-year revenue of $1.72 billion to $1.76 billion. Analysts, on average, expect full-year revenue of $1.76 billion. Shares of CommScope were trading up $3.63 to $41.47.

Diamond Management & Technology Consultants(DTPI Quote) plunged 25% after the consulting firm cut its fiscal fourth-quarter guidance. The company now sees earnings of 6 cents to 7 cents a share for the quarter ending this month. Previously, Diamond predicted a profit of 8 cents to 10 cents a share. The company lowered its revenue projection to a range of $41.5 million to $42.5 million from a prior view of $44 million to $47 million.

"Our shortfall in the fourth quarter is due to several small and moderate-sized projects we expected to win during the months of February and March, but did not," the company said. Wall Street expected fourth-quarter earnings of 9 cents a share and revenue of $46.3 million. Shares were trading at $11.16, down $3.69.