Telecom networking company Juniper Networks(JNPR Quote) continued to gain as shares jumped saw shares jump $1.78, or 6.5%, to $29.29. The stock had been upgraded to outperform from sector perform by an analyst at RBC Capital on Monday.
Shares of engineering software company Autodesk(ADSK Quote) plunged $6.11, or 15.6%, to $32.99 after its first-quarter and current fiscal year outlook fell short of Street expectations. The stock was also downgraded to a hold from buy by an analyst at Needham & Co.
For the first quarter, Autodesk lowered its estimate for adjusted EPS to a range of 46 cents to 48 cents, from its previous guidance of 50 cents to 52 cents. The company reaffirmed revenue guidance of $575 million to $585 million. Analysts were expecting EPS of 52 cents on revenue of $582.7 million. ...
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