Shares of Cogent ( COGT) were among technology's losers Wednesday, slumping 19% after the company posted solid fourth-quarter earnings but spooked the market with a cautious outlook. The company, which makes automated fingerprint identification systems, earned $20.7 million, or 22 cents a share, for the fourth quarter. Results included stock-based compensation costs of a penny a share. Analysts polled by Thomson First Call expected earnings of 20 cents a share. During the year-earlier period, the company earned $9.9 million, or 11 cents a share. Cogent's revenue rose to $46.2 million from $31.8 million. Looking ahead, Cogent said "we are seeing major RFPs for large border control programs in Europe and multiple opportunities from the civil and commercial sectors." However, the company cautioned that its "visibility has decreased on the timing and potential revenue recognition of some large follow-on orders to existing customers and possible new orders." Shares recently were trading down $4.49 to $18.77. Fargo Electronics ( FRGO) tumbled 12% after the secure-card technology company posted weaker-than-expected fourth-quarter results and issued first-quarter earnings guidance below Wall Street's forecast. The company earned $2.5 million, or 19 cents a share, on sales of $21 million. Analysts expected earnings of 21 cents a share and sales of $22 million. A year earlier, the company earned $2.2 million, or 17 cents a share, on sales of $19.7 million. For the first quarter, Fargo Electronics projects earnings of 13 cents to 15 cents a share, including a penny a share in stock-based compensation costs. Analysts had forecast earnings of 17 cents a share. Shares were down $2.31 to $16.62. Shares of Autodesk ( ADSK) climbed 10% after the software company posted better-than-expected fourth-quarter results. The company earned $83 million, or 33 cents a share, on revenue of $416.8 million. Excluding items, the company earned $91.2 million, or 37 cents a share for the quarter ended Jan. 31. Analysts expected earnings of 35 cents a share and revenue of $414.4 million. During the year-earlier period, the company earned $65.8 million, or 26 cents a share, on revenue of $356.2 million. Excluding items, the company's year-earlier earnings were $75.2 million, or 30 cents a share.