Friday's Tech Winners & Losers - TheStreet

Friday's Tech Winners & Losers

Secure Computing and Aviza Technology soar.
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Shares of

Secure Computing

(SCUR)

were among technology's winners Friday, surging 25% after the network-security outfit posted better-than-anticipated fourth-quarter results and gave an earnings forecast above Wall Street's expectation.

The company reported a fourth-quarter loss of $28.3 million, or 44 cents a share, on revenue of $51.6 million. Excluding items, the company earned $5.3 million, or 7 cents a share. Analysts polled by Thomson First Call expected break-even results, before items, on revenue of $55.8 million. During the year-earlier period, the company earned $6.6 million, or 17 cents a share, on revenue of $30.2 million.

For the first quarter, Secure Computing projects an adjusted first-quarter profit of 3 cents to 4 cents a share, with revenue of $49 million to $51 million. Analysts had forecast earnings of 2 cents a share and revenue of $56.2 million. Shares were trading up $1.70 to $8.45.

Shares of

Aviza Technology

(AVZA)

soared 39% after the chip equipment maker said it swung to a first-quarter profit. For the period ended Dec. 29, the company earned $1.1 million, or 7 cents a share, compared with a year-earlier loss of $4.6 million, or $1.25 a share. Revenue rose to $62.2 million from $28.9 million.

For the fiscal second quarter, Aviza forecast operating income of $2.5 million to $3 million and revenue of $60 million to $64 million. Shares were up $1.71 to $6.15.

Nextest Systems

(NEXT) - Get Report

jumped 16% after the semiconductor equipment maker posted better-than-expected second-quarter earnings. For the period ended Dec. 23, the company earned $2.2 million, or 12 cents a share, on revenue of $17.9 million. Analysts projected earnings of 8 cents a share, with revenue of $19.3 million. During the year-earlier quarter, the company reported a loss of $95,000, or a penny a share, on revenue of $19.4 million.

Looking ahead, Nextest Systems sees third-quarter earnings of 3 cents to 10 cents a share, in line with analysts' forecast of 7 cents. The company predicts revenue of $18 million to $22 million, compared with Wall Street's projection of $19.4 million. Shares of Nextest were adding $1.73 to $12.49.

Rackable Systems

(RACK)

plunged 18% after the maker of servers issued a 2007 forecast that disappointed investors. For the fourth quarter, the company earned $563,000, or 2 cents a share, on revenue of $106.9 million. Excluding items, earnings were $5.6 million, or 19 cents a share. Analysts expected earnings of 18 cents a share and revenue of $106.2 million. A year earlier, the company posted adjusted earnings of $7.6 million, or 33 cents a share, on revenue of $83.1 million.

For 2007, Rackable forecast adjusted earnings of 75 cents to $1.05 a share, with revenue of $450 million to $525 million. Analysts project earnings of $1.02 a share and revenue of $490.9 million. Shares were trading down $3.69 to $16.65.

Shares of

Bookham

(BKHM)

tumbled 16% after the telecom-equipment company reported disappointing second-quarter results and warned that third-quarter revenue will be below Wall Street forecasts. For the period ended Dec. 30, the company posted an adjusted loss of $18 million, or 26 cents a share, on revenue of $56.3 million. Analysts expected a smaller loss of 16 cents a share, with revenue of $57.8 million. A year earlier, the company posted a loss of $11.9 million, or 28 cents a share, on revenue of $60.7 million.

Bookham predicted third-quarter revenue of $44 million to $48 million, well below the $56.5 million that analysts project. Shares were falling 46 cents to $2.45.

Other technology movers included

Cisco Systems

(CSCO) - Get Report

, up 44 cents to $27.03;

Intel

(INTC) - Get Report

, up 4 cents to $21.15;

Microsoft

(MSFT) - Get Report

, down 3 cents to $30.53;

Sun Microsystems

(SUNW) - Get Report

, up 12 cents to $6.67;

Dell

(DELL) - Get Report

, down 18 cents to $23.62;

Oracle

(ORCL) - Get Report

, up 20 cents to $17.25;

Apple

(AAPL) - Get Report

, up 6 cents to $84.80; and

Applied Materials

(AMAT) - Get Report

, up 32 cents to $18.26.