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

Updated from 11:40 a.m. EDT

Tech stocks moved lower Thursday, weighed by several companies that reported poor earnings.

Network Appliance (NTAP - Get Report) tumbled 16.6% after the maker of networking gear posted in-line fourth-quarter earnings but warned that first-quarter earnings would be below Wall Street's forecast. The company reported adjusted fourth-quarter earnings of $114.2 million, or 30 cents a share, on revenue of $801.2 million. Analysts polled by Thomson Financial expected earnings of 30 cents a share on revenue of $798.5 million.

Looking ahead, Network Appliance sees first-quarter adjusted earnings of 24 cents to 25 cents a share on a sequential revenue decline of 6% to 7%, or revenue of $745 million to $753 million. Analysts project earnings of 31 cents a share on revenue of $814.4 million. Shares closed down $6.30 to $31.76.

Elsewhere, CTS (CTS - Get Report) slumped 9.2% after the maker of electronic components posted disappointing first-quarter results. The company earned $4 million, or 11 cents a share, on revenue of $163.3 million. Excluding items, the company earned 13 cents a share. Analysts expected earnings of 15 cents a share on revenue of $163.9 million.

Looking ahead, CTS now sees full-year earnings of 71 cents to 75 cents a share, down from an earlier forecast of 76 cents to 80 cents a share. CTS now predicts revenue growth of 5% to 8%, down from earlier guidance of 7% to 10%. Shares were down $1.24 to $12.26.
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
CTS $16.71 -0.89%
NTAP $23.82 -2.00%
SNPS $47.72 -1.10%
PACT $7.24 0.42%
YHOO $36.51 -0.22%


Chart of I:DJI
DOW 17,750.91 -79.85 -0.45%
S&P 500 2,066.13 -9.68 -0.47%
NASDAQ 4,777.1220 -28.1690 -0.59%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs