Skip to main content

Stocks in Motion: Taser Zapped

The company must again defend its stock valuation.

Updated from 12:02 p.m. EDT

Taser International


, the stun-gun maker, got zapped Monday after again being forced to defend its stock price from an increasingly skeptical media.

The stock was off more than $4 early on, but rallied into positive territory by midafternoon. The rally didn't last, however, and the stock ended the day down $1.07, or 3.3%, to $31.28, on volume of 21.5 million shares despite Taser's insistence that a price-to-earnings ratio north of 60 is justified by the company's recent growth.

Taser was responding to a story in


, which noted that the company added new police customers at a diminished rate in the first quarter. The story called Taser's P/E ratio "absurd."

Tech stocks dominated Monday's volume-leader lists.


(CSCO) - Get Cisco Systems, Inc. Report

led the way with volume of more than 62.9 million shares;


(INTC) - Get Intel Corporation Report

traded some 57.5 million shares; and


Scroll to Continue

TheStreet Recommends

(MSFT) - Get Microsoft Corporation Report

traded nearly 56 million shares.


stumbling last week,

JDS Uniphase


rebounded 2% on volume of nearly 49 million shares.


high-volume leaders included













Texas Instruments

(TXN) - Get Texas Instruments Incorporated Report


Several small companies made moves on the



Worldgate Communications


soared after the company announced a deal under which Motorola will market its Ojo personal video phone as part of a portfolio of consumer broadband solutions. Worldgate also said that it will market more broadband video telephony products with Motorola in the future. Shares of Worldgate traded up 81 cents, or 49.4%, to $2.45.

Shares of Menlo Park, Calif.-based



rose after the company announced that a former

Siebel Systems


vice president joined the company. Tim Angst, Kana said, will serve as executive vice president of worldwide operations. His duties will include sales, partner alliances and customer service. Shares of Kana traded up 76 cents, or 30.4%, to $3.26.

Aladdin Knowledge Systems


rose after it announced a deal to provide its antivirus and antispam technology to Miami Children's Hospital. "Since installing the gateway-based eSafe," the press release said, "MCH blocks between 3000 to 4000 spam messages every day, nearly double the amount of spam caught prior to implementation." Financial terms were not disclosed. Shares of Aladdin traded up $1.33, or 6.5%, to $21.77.

After meeting first-quarter earnings and revenue estimates, shares of


(RDWR) - Get Radware Ltd. Report

got slammed after the company offered up weak guidance for its upcoming second quarter. On its earnings conference call Monday, the company said it expects to earn 15 cents per share on revenue of $16 million during the second quarter. Analysts polled by Thomson First Call were looking for 16 cents per share on revenue of $16.54 million. Shares of Radware were off $6.19, or 29.2%, to $15.

Over on the Big Board, shares of



rose after the company named a replacement for its outgoing CFO. Karen Osar will replace Peter Barna who is retiring after 30 years with the company. Osar most recently worked for Meadwestvaco, where she served as the company's CFO. Shares of Crompton traded up 17 cents, or 2.7%, to $6.39.

Shares of Oshkosh, Wis.-based

Oshkosh Truck

(OSK) - Get Oshkosh Corp Report

rose after a London newspaper said that the company is about to receive a $5.3 billion British Ministry of Defense contract. Shares of the specialty truck maker traded up $2.33, or 4.6%, to $53.53.

Magnum Hunter


rose after the Irving, Texas-based company announced amendments to its senior bank credit facility. The oil and gas exploration company said that in addition to getting an extension on the maturity of its outstanding debt, creditors also increased the company's borrowing limits. Shares of Magnum traded up 73 cents, or 7.1%, to $11.

Shares of



fell Monday after it was spun off from

Abbott Labs

(ABT) - Get Abbott Laboratories Report


According to a press release, Hospira is one of the largest hospital products manufacturers in the U.S. The company has 14,000 employees and expects $2.5 billion in annual revenue.

Hospira opened at $28.50, and ended the day down $1.42, or 5%, to $27.04. Shares of Abbott, meanwhile, traded up $1.15, or 2.8%, to $42.32.