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Infinera, Compuware: Volume Movers

BOSTON ( TheStreet) -- Infinera (INFN - Get Report) was one of several stocks trading near $5 poised to move on above-average volume Friday after the optical networking systems company surprised analysts with a second-quarter.

Infinera said late Thursday it had a second-quarter adjusted profit of 3 cents a share on revenue of $111.4 million, compared to the Thomson Reuters average estimate for a loss of 5 cents a share on revenue of $99.5 million

Shares of Infinera jumped by 49 cents, or 7%, to $7.48 in Thursday's late trading session. The average daily share volume for Infinera is 856,000.

Elsewhere, Alliance Fiber Optic Products (AFOP - Get Report) climbed by 7 cents, or 4.5%, to $1.62 in Thursday's after-market session after the company said it had second-quarter earnings of 4 cents a share on $12.1 million, compared to a single analyst's estimate for earnings of 2 cents a share on revenue of $10 million. The average daily share volume for Alliance Fiber Optic is 69,000.

On the downside, Compuware (CPWR) shares dropped by $1.04, or 12.2%, to $7.51 late Thursday after the software company said it had first-quarter revenue of $206.5 million, below the consensus target of $219.2 million. Compuware said it had a second-quarter profit of 6 cents a share, matching Wall Street's forecast. The average daily share volume for Compuware is 2.5 million.

Synovus Financial (SNV - Get Report) fell by 13 cents, or 5.4%, to $2.29 in the premarket session after the company reported a second-quarter loss of 36 cents a share, compared to the Thomson Reuters estimate for a loss of only 6 cents a share.

FBR Capital Markets analyst Paul Miller reiterated his "market perform" rating on Synovus shares but lowered his price target to $2.50 from $3, noting that "credit trends were mixed and Synovus delayed expectations of profitability due to macroeconomic factors." The average daily share volume for Synovus is 17.1 million.

Lattice Semiconductor (LSCC - Get Report) shares gave back 9 cents, or 1.6%, to $5.49 late Thursday even after the chipmaker said it had a profit of 14 cents a share on revenue of $77.1 million, which exceeded the Street's consensus target for a profit of 12 cents a share on revenue of $76.1 million.

In addition, Lattice said it expects third-quarter revenue growth of up to 5%, which would top the Thomson Reuters average estimate for third-quarter revenue of $75.2 million. The average daily share volume for Lattice is 2.21 million.

-- Written by Robert Holmes in Boston.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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CPWR $10.35 0.10%
AFOP $14.54 0.00%
INFN $14.40 0.00%
LSCC $4.59 0.00%
SNV $28.53 0.00%


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