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Wednesday's Tech Winners & Losers

Monster shares sank on news the online job-search site warned of poor earnings.

Updated from 12:13 p.m. EDT

Shares of

Monster Worldwide

(MNST) - Get Monster Beverage Corporation Report

were among technology's losers Wednesday, slumping 13.2% after the online job-search company warned that first-quarter revenue would be lower than its previous guidance.

The company now sees revenue of $328 million to $329 million. Previously, the company said that it would post revenue of $330 million to $338 million. Analysts polled by Thomson First Call project revenue of $333.1 million.

Looking ahead, the company continues to see full-year revenue of $1.36 billion to $1.41 billion. Analysts project revenue of $1.4 billion. Shares closed down $6.41 to $42.10.



plunged 29.8% after the network-technology company warned that first-quarter revenue would be well below Wall Street's forecast. The company sees revenue of $31 million to $33 million. Analysts project revenue of $43.1 million. "These preliminary revenue results are very disappointing," the company said. "While they will also have a significant impact on our bottom line results for the first quarter, we remain optimistic about our long-term business opportunities." Shares closed down $3.74 to $8.83.

Shares of

Covad Communications


traded actively after the company announced the resignation of its chief financial officer. Chris Dunn's resignation is effective May 31. The company said that Dunn is leaving to pursue other career interests. Dunn will be replaced by Justin Spencer, who will serve as acting CFO. Shares closed down 1 cent to $1.23.


(CIEN) - Get Ciena Corporation Report

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traded actively after the software company said that CFO Joseph Chinnici would resign by the end of the year. "With Ciena's return to profitability and steady progress toward a normalized operating model, it is time for me to make the change I've contemplated for some time," Chinnici said. "I decided to announce my intentions in order to allow sufficient time to facilitate the transition to my successor and to address effectively Ciena's outstanding corporate objectives for this fiscal year." Ciena has already begun a search for Chinnici's replacement. Shares were trading down 25 cents to $28.36 earlier in the day but closed up 6 cents at $28.67.

Shares of



rose 6.9% after brokerage firm Stifel Nicolaus upgraded the company to buy from hold. The firm slapped a $54 price tag on the semiconductor equipment company. Shares closed up $2.88 to $44.46.

Other technology movers included

Sun Microsystems

(SUNW) - Get Sunworks, Inc. Report

, up 7 cent to $5.86;


(MSFT) - Get Microsoft Corporation Report

, up 63 cents to $28.50;


(INTC) - Get Intel Corporation Report

, up 7 cents to $19.38;

Cisco Systems

(CSCO) - Get Cisco Systems, Inc. Report

, up 25 cents to $26.10;

Sirius Satellite Radio

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

, which was up 1 cent to $3.10 earlier in the day but closed flat at $3.09;


(ORCL) - Get Oracle Corporation Report

, up 20 cents to $18.56; and


(AAPL) - Get Apple Inc. Report

, which was up 39 cents earlier in the day but closed down 23 cents to $94.27.