THQ, Neflix: Tech Winners & Losers
Tech Winners & Losers updated with closing prices.
NEW YORK (TheStreet) -- As the Nasdaq closed down more than 8 points Friday at 2,534, a few tech stocks saw upside on the biggest shopping day of the year.
Video game company THQ (THQI) rose 3.49%, or 17 cents, to close Friday at $5.18 on excitement over its uDraw tablet for the Wii console. The device is the No. 7 best-selling game for the Wii on Amazon (AMZN).
>>THQ CEO: Great Games Transcend Platforms
On its most recent earnings call, THQ increased guidance for the uDraw tablet from 1 million devices to 1.25 to 1.3 million for the fiscal year. Shares of THQ have jumped almost 20% in the last five days.
Netflix (NFLX) rose $2.42 and closed at $191.19 after as Piper Jaffray boosted its price target on the company from $180 to $202. On Monday, Netflix announced that it would be promoting a new streaming-only subscription plan for $7.99, which would allow members to watch unlimited TV episodes and movies. Netflix hit a new 52-week high earlier this week. F5 Networks (FFIV) also hit a 52-week high Friday of $135.15. Shares of F5 have risen over 154% in the last year. F5 closed up $2.49 to $135.04 Friday. Meanwhile, shares of Alcatel Lucent (ALU) fell more than 3% Friday and closed at $2.84. The company was downgraded last week to under perform from neutral by Credit Suisse. Brocade (BRCD) declined about 1% to close at $5.05, as the company's outlook for next quarter did not meet analysts' projections. The company said on Monday it expects revenue between $535 million and $550 million, below the $557 million expected by analysts. Brocade also said it expects adjusted earnings of 9 cents to 10 cents a share, while analysts were projecting 14 cents. --Written by Olivia Oran in New York.>To follow the writer on Twitter, go to http://twitter.com/Ozoran. >To submit a news tip, send an email to: tips@thestreet.com.
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