Wednesday's Winners & Losers: Yahoo!

IT security company Websense(WBSN Quote) gained $1.99, or 11.6%, to $19.09, a day after the company beat expectations for the fourth quarter and guided higher for fiscal 2008.

Revenue for the quarter rose to $86.2 million from $47.33 million a year ago. Analysts were expecting sales of $78.14 million. Excluding charges, net income was $12.8 million, or 28 cents a share, higher than analysts' expectations of 23 cents a share, and 3 cents better than its EPS from the year before.

For fiscal 2008, Websense expects revenue to range between $325 million and $335 million and earnings, excluding charges, of $1.15 to $1.25 a share. Analysts are expecting revenue of $309.50 and earnings of $1.15 a share.

Shares of Minnesota-based Hutchinson Technology (HTCH Quote) dropped 33.2% to $16.18. After posting weak first-quarter earnings last night, the designer of suspension assemblies for disk drives suffered a double downgrade, to hold from sell by Brean Murray and to average from above average by Caris & Co.

Among the small-caps to weather the storm was CyberSource (CYBS Quote), which gained 22.5% to $16.01. Yesterday after the close, the Mountain View, Calif.-based provider of electronic payment and risk management solutions for Internet orders announced non-GAAP fourth-quarter earnings of $9.2 million, or 15 cents a share, vs. $3.3 million, or 9 cents a share, in the year-ago quarter. The results beat the average analyst expectation by a penny, according to Thomson Financial. Wedbush Morgan launched the company further with an upgrade to strong buy from buy.