Terayon Tumbles 42% on Warning - TheStreet

Terayon Communications

(TERN)

, a maker of broadband access systems, was down 41.5% in preopen

Island

trading, after it warned that it would lose 46 to 49 cents per share in the fourth quarter.

The Street had been expecting a 6-cent profit. The company said revenue for the period would be $60-$63 million, below its previous forecast, due to a slowdown in demand and the cancellation of orders.