Stocks to Watch: Clearwire, Verisign

NEW YORK (TheStreet) -- Intel (INTC) disclosed plans to sell 10 million Class A common shares of wireless broadband provider Clearwire (CLWR) in the open market. Shares of Clearwire were falling 9.1% to $4.30 in premarket trading Thursday.

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Internet infrastructure services provider Verisign ( VRSN) was popping 5.5% to $37.50 after resolving a more than five-year old legal dispute with the Coalition for Icann Transparency Inc., where a payment will not be required.

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Cisco (CSCO) shares were tumbling 4.7% to $16.96 after executives of the networking giant offered up an underwhelming outlook.

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Solar company Canadian Solar (CSIQ) was falling 3.1% to $9.50 after reporting a much wider-than-expected quarterly loss on Wednesday after the market close, with earnings of 13 cents a share, well below the average analyst estimate of earnings of 41 cents a share in the first quarter.

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Department store operator Kohl's (KSS) was falling 1.9% to $52.60 after reporting first-quarter profit of 73 cents a share -- in line with Wall Street estimates.

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Toyota (TM) was up 1.6% to $82.78 after the Wall Street Journal reported that the automaker will roll out a new set of sales incentives on many of its models Thursday.

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Security systems company Symantec (SYMC) was rising 1.5% to $19.70 after reporting fourth-quarter adjusted profit of 38 cents a share, beating estimates of 36 cents a share.

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Shares of Internet firm Yahoo! (YHOO) were falling 0.8% to $17.07 after it was revealed the Chinese e-commerce firm Alibaba Group has shifted control of its Alipay online payment business to Alibaba's CEO Jack Ma. Yahoo! has a 40% stake in Alibaba Group.

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Department store operator Nordstrom (JWN) is expected to post first-quarter profit of 67 cents a share after the markets close Thursday. Shares of Nordstrom were falling 0.4% to $48.50.

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Nissan (NSANY), the No. 2 Japanese carmaker, swung to a profit in its fiscal fourth quarter as global vehicle sales reached record highs. The company's CEO also said production would be back to normal by October.

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-- Written by Andrea Tse in New York.



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