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Tuesday's Tech Winners & Losers

Brocade climbs after posting stronger-than-expected earnings.

Shares of

Brocade Communications

(BRCD)

were among technology's winners Tuesday, rising 5.1% after the data-storage company posted better-than-expected fiscal first-quarter results and gave a solid guidance for the second quarter.

For the quarter ended Jan. 27, the company earned $33.3 million, or 12 cents a share, on revenue of $224.2 million. Excluding items, the company earned $49.4 million, or 17 cents a share. Analysts polled by Thomson First Call expected earnings of 13 cents a share, before items, on revenue of $214.8 million. During the year-earlier period, Brocade recorded an adjusted profit of $25.9 million, or 10 cents a share, on revenue of $170.1 million.

Looking ahead, Brocade forecasts second-quarter adjusted earnings of 8 cents to 10 cents a share, with revenue of $335 million to $350 million. Analysts project earnings of 8 cents a share and a top line of $336.5 million. Shares were trading up 44 cents to $9.13.

Applied Signal Technology

(APSG)

rose 1.5% after the maker of digital-signal processing equipment reported fiscal first-quarter earnings that beat expectations. For the quarter ended Feb. 2, the company earned $1.9 million, or 15 cents a share, on revenue of $43.5 million. Analysts projected earnings of 10 cents a share and revenue of $34.4 million. During the year-earlier quarter, the company earned $1.3 million, or 11 cents a share, on revenue of $33.6 million. Shares were trading up 24 cents to $15.84.

Shares of

TNS

(TNS)

slipped 2.3% after the data-communications-services company posted better-than-expected earnings but gave a weak guidance for the current quarter. For the fourth quarter, the company reported adjusted earnings of $5.5 million, or 23 cents a share, on revenue of $74.4 million. Analysts expected earnings of 22 cents a share and revenue of $71.6 million. During the year-earlier period, the company earned $1.4 million, or 6 cents a share, on revenue of $65.6 million.

TNS forecasts first-quarter adjusted earnings of 14 cents to 18 cents a share, with revenue of $70 million to $73 million. Analysts project earnings of 22 cents a share on revenue of $72.8 million. Shares were trading at $16.80, down 39 cents.

WebSideStory

(WSSI)

fell 9.4% after the digital-marketing company posted mixed fourth-quarter results and issued in-line first-quarter guidance. The company posted adjusted earnings of $3.5 million, or 17 cents a share, up from $3.1 million, or 16 cents a share, a year earlier. The earnings beat Wall Street's estimate by a penny. Revenue rose to $19.2 million from $11.7 million, but fell short of analysts' target of $19.4 million.

Looking ahead, the company sees adjusted earnings of 13 cents to 14 cents a share, compared with analysts' forecast of 14 cents. WebSideStory projects revenue of $19.5 million to $20 million, bracketing analysts' average estimate of $19.8 million. Shares were trading down 1.34 cents to $12.86.

Other technology movers included

Intel

(INTC) - Get Intel Corporation (INTC) Report

, down 82 cents to $20.03;

Sirius Satellite Radio

(SIRI) - Get Sirius XM Holdings, Inc. Report

, down 9 cents to $3.65;

Microsoft

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(MSFT) - Get Microsoft Corporation (MSFT) Report

, down 1.20 cents to $27.87;

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

, down 1.53 cents to $25.71;

Marvell Technology

(MRVL) - Get Marvell Technology Group Ltd. Report

, up 60 cents to $20.46;

Level 3 Communications

(LVLT)

, down 43 cents to $6.33;

Qualcomm

(QCOM) - Get QUALCOMM Incorporated Report

, down $2.40 to $40.25;

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

, down 29 cents to $5.98;

Skyworks Solutions

(SWKS) - Get Skyworks Solutions, Inc. Report

, down 38 cents to $6.68;

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

, down $4.72 to $83.93; and

Applied Materials

(AMAT) - Get Applied Materials, Inc. Report

, down 63 cents to $18.46.