were among technology's losers Friday, plunging 21% after the provider of IP network-testing systems previewed fourth-quarter results that fell below its earlier guidance.
The company expects to post earnings, excluding items, of about 8 cents a share, down from its October forecast of 11 cents to 14 cents a share. Ixia estimates that sales were $37 million to $38 million, worse than its guidance of $40 million to $44 million. Analysts surveyed by Thomson First Call had been expecting earnings of 13 cents a share and sales of $42.2 million.
Ixia said sales were hurt by a $4 million drop from the third quarter in sales to its largest customer. "While fourth-quarter revenues were impacted by this decrease in sales to our largest customer, we believe we continue to maintain market share and will continue to work closely with this customer on the testing and development of next generation networking equipment," Ixia said. The company will post full fourth-quarter results on Feb. 6. Shares recently were trading down $3.20 to $11.73.
jumped 12% after the data-storage company posted fourth-quarter results and a first-quarter forecast that exceeded Wall Street expectations. The company earned $13.8 million, or 48 cents a share, on sales of $203.6 million. Excluding items, the company earned $15.5 million, or 54 cents a share. Analysts expected earnings of 49 cents a share, before items, and sales of $196.5 million. In the year-earlier fourth quarter, the company earned $5.4 million, or 19 cents a share, on sales of $116.7 million.
For the first quarter, Xyratex sees earnings, excluding items, of 18 cents to 25 cents a share. Analysts expect earnings of 15 cents a share. The company targets sales of $167 million to $177 million, above Wall Street's projection of $163 million. Shares were trading up $2.10 to $19.70.
traded actively after the wireless-technology company previewed fourth-quarter sales. The company expects sales of about $13 million, down from the $14.3 million in sales that it posted during the third quarter but up from the $11.4 million that it posted a year ago. "During the fourth quarter, we incurred delays in some telecom orders until early 2006 which led to a quarter-over-quarter decrease in our telecom revenues," the company said. For all of 2005, the company expects sales of about $49 million, up from $33.2 million in 2004. Endwave plans to release full fourth-quarter results on Feb. 2. Shares traded up 9 cents to $13.12.
rose 6% after the maker of bar-code scanners estimated fourth-quarter sales to be above forecasts. The company expects to report sales of $404 million to $411 million, which would be well ahead of the $397.8 million in sales that analysts expect. In the year-earlier quarter, the company posted sales of $370.1 million. Shares were trading up $3.43 to $58.39.
slid 14% after optic-communications gearmaker slashed its second-quarter sales forecast. The company now sees sales of $35 million to $37 million, down from an earlier view of $41 million to $45 million. Analysts expected sales of $43.2 million for the quarter ended Dec. 31. "While we are pleased with our cash control and overall customer demand, we are obviously disappointed that transitional operational issues prevented us from meeting the delivery needs of our customers and our revenue objectives for the quarter," the company said. Avanex said that it still expects positive gross margins, but they'll be below previous guidance of greater than 10%. Shares were trading down 17 cents to $1.02.
Other technology movers included
, up 38 cents to $18.73;
, up 5 cents to $4.74;
, down 37 cents to $26.62;
, down 30 cents to $13.68;
, up 4 cents to $12.83;
, down 1 cent to $2.76;
, up 15 cents to $26.42;
Sirius Satellite Radio
, up 8 cents to $6.47;
, up 6 cents to $2.64;
, up 49 cents to $4.88; and
, up $1.79 to $76.17.