The Night Watch: Traders Key on Cisco, but Stock Barely Budges

Network Appliance is higher after topping quarterly earnings estimates.
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Cisco

(CSCO) - Get Report

was the volume leader in extended-session trading on the Instinet platform Tuesday, hours after the company's chief executive, John Chambers, said the networker picked up market share from its rivals in the fiscal first quarter.

Shares of Cisco, which is regularly among the volume leaders in after-hours trading, slipped 0.4% to $19.50. Overall, volume was fairly robust, with almost 2.5 million shares changing hands in the first half-hour of trading.

Intel

(INTC) - Get Report

was also among the most active issues, inching up 0.2% to $30.11.

Network Appliance

(NTAP) - Get Report

rose 0.3% to $18.25 on Instinet. After the close, the company posted quarterly earnings of 2 cents a share, topping Wall Street's estimates, but the results dropped from the same period a year ago. On the Island ECN, Network Appliance gained 0.5% and was the volume leader.

Microsoft

(MSFT) - Get Report

was up 0.1% to $68, and

JDS Uniphase

(JDSU)

was unchanged at $10.57.

Sun Micro

(SUNW) - Get Report

was off 0.1% to $13.14, and

Dell

(DELL) - Get Report

was lower by 0.1% at $26.80.

The

Nasdaq 100 Tracking Stock

(QQQ) - Get Report

was active on Island, where the issue climbed 0.1% to $39.37.

BEA Systems

(BEAS)

was losing 0.8% to $16.85 in after-hours Island action. After the close, the company reported quarterly earnings of 6 cents a share, beating estimates by a penny.

Cholestech

(CTEC)

, a maker of diagnostic screening tools, was among the volume leaders even though no news evident. The stock was flat with the 4 p.m. EST close at $24.01.

Most of the top percentage movers on Instinet after the bell were small stocks trading for a couple of dollars. One notable loser was

NextCard

(NXCD)

, which was down 9% to 61 cents. Shares of NextCard collapsed Oct. 31 after the

company said regulators demanded that the consumer lender clean up its financials, increase protection against bad loans and exit certain business lines.