Netegrity (NETE - Get Report) was down 4.6% in late trading after falling as much as 16.3% earlier. The maker of computer-security software said second-quarter earnings are expected to be 7 to 11 cents per share, below the Street's consensus of 11 cents.

Netegrity late Monday posted first-quarter earnings of 10 cents per share, up from a year-ago loss of 3 cents.