Pre-Open Movers: NetManage (NETM) Up on Buyout, PharmaNet Development (PDGI) Sinks On Results/Guidance

May 1, 2008 9:27 AM EDT

StreetInsider.com Pre-Open Movers:

NetManage, Inc. (Nasdaq: NETM) 67% HIGHER; agreed to be acquired by Micro Focus International for $7.20 per share. This represents a premium of approximately 73% over the closing share price of NetManage's common stock on April 30, 2008 of $4.15.

PharmaNet Development Group, Inc. (Nasdaq: PDGI) 30% LOWER; reports Q1 loss of $0.53 per share, well below the consensus of a $0.30 profit. Revenues came in at $86.8 million, versus the consensus of $94.6 million. Sees FY08 EPS of $0.53-$0.63 versus the consensus of $1.52.

IndyMac Bancorp Inc. (NYSE: IMB) 22% HIGHER; Announces CFO change. Provides an update, saying, "Our loss for Q108 will decline by roughly 50% to 65% from Q407, and roughly 25% of this loss is coming from one-time severance and office closing costs."

Network Equipment Technologies (NYSE: NWK) 19% LOWER; reports Q1 EPS of $0.09, 2 cents better than the analyst estimate of $0.07. Revenues for the quarter were $33.4 million, versus the consensus of $33.92 million.

Shutterfly (Nasdaq: SFLY) 18% LOWER; reports a Q1 loss of $0.15, in-line with the analyst estimate of ($0.15). Revenues for the quarter were $34.3 million, versus the consensus of $35.61 million. Sees Q2 non-GAAP loss of $0.19-$0.24, versus the consensus of ($0.15) and FY08 EPS of $0.30-$0.50, versus $0.44.

Volcom (Nasdaq: VLCM) 18% HIGHER; reports Q1 EPS of $0.38, 17 cents better than the analyst estimate of $0.21. Revenues for the quarter were $80.6 million, versus the consensus of $69.54 million. Sees Q2 EPS of $0.16-$0.17, versus the consensus of $0.25. Sees Q2 revs of $69-$70M, versus the consensus of $71.5 million. Sees FY EPS of $1.56-$1.59, versus the consensus of $1.51.

MICROS System (Nasdaq: MCRS) 16% LOWER; reports Q1 EPS of $0.34, 1 cent better than the analyst estimate of $0.33. Revenues for the quarter were $237.2 million, versus the consensus of $231.33 million. Sees FY08 EPS of atleast $1.32, versus the consensus of $1.37.

ICT Group Inc. (Nasdaq: ICTG) 13% LOWER; reports a Q1 loss of $0.06, 1 cent lower than the analyst estimate of ($0.05). Revenues for the quarter were $108.7 million, versus the consensus of $109.71 million. Sees Q2 EPS in the range of $0.02-$0.05, versus the consensus of $0.08 and revs of $110-$113 million, versus $115.59 million. For FY08, ICT expects to report EPS of $0.35-$0.45, versus $0.84 and revs in the range of $455-$465 million, versus $494.10 million.

Amkor Technology, Inc. (Nasdaq: AMKR) 12% HIGHER; reports Q1 EPS of $0.36, 10 cents better than the analyst estimate of $0.26. Revenues for the quarter were $699 million, versus the consensus of $684.25 million. Sees Q2 EPS of $0.32-$0.36, versus the consensus of $0.28.

iRobot Corp. (Nasdaq: IRBT) 11% LOWER; reports a Q1 loss of $0.16, in-line with the analyst estimate of ($0.16). Revenues for the quarter were $57.3 million, versus the consensus of $55.01 million. Sees FY08 EPS of $0.12-$0.17, versus the consensus of $0.23. Sees FY08 revs of $295-$30.5 million, versus $298 million.

Psychiatric Solutions, Inc. (Nasdaq: PSYS) 10% HIGHER; reports Q1 EPS of $0.46, 3 cents better than the analyst estimate of $0.43. Revenues for the quarter were $429.7 million, versus the consensus of $423.08 million. Sees FY08 EPS of $2.00-$2.03, versus the consensus of $1.98.

Sepracor (Nasdaq: SEPR) 10% HIGHER; reports Q1 earnings of $0.53 per share, ex-items, above the consensus of $0.47. Revenues came in at $320.8 million, versus the consensus of $335.3 million. Sees FY08 GAAP EPS of $1.05-$1.45.

Las Vegas Sands Corp. (NYSE: LVS) 10% LOWER; reports Q1 EPS of $0.07, 29 cents better than the analyst estimate of $0.36. Revenues for the quarter were $1.08 billion, versus the consensus of $1.24 billion.

JDS Uniphase (Nasdaq: JDSU) 9% LOWER; reports Q3 adj-EPS of $0.14, in-line with the analyst estimate of $0.14. Revenues for the quarter were $383.9 million, versus the consensus of $393.64 million. Sees Q4 revs of $381-$403 million, versus the consensus of $405.8 million.

Concur Technologies (Nasdaq: CNQR) 9% HIGHER; reports Q1 EPS of $0.21, versus the analyst estimate of $0.11. Revenues for the quarter were $53.7 million, versus the consensus of $50.17 million. Sees Q3 EPS of $0.20, versus the consensus of $0.12 and FY08 EPS of $0.79, versus $0.47.

Orthofix International NV (Nasdaq: OFIX) 8% HIGHER; reports Q1 EPS of $0.66, which may not compare to the analyst estimate of $0.09. Revenues for the quarter were $128 million, versus the consensus of $122.74 million. Raises its FY08 EPS outlook from $1.45-$1.60 to $1.65-$1.80, versus the consensus of $1.46.

Infospace (Nasdaq: INSP) 8% LOWER; reports a Q1 loss of $0.08, which may not compare to the analyst estimate of $0.02. Revenues for the quarter were $42.4 million, versus the consensus of $35.95 million. Sees Q2 loss of $0.01-$0.06, versus the consensus of $0.01 gain. Sees Q2 revs of $34-$36 million, versus $35.4 million.

AXT Inc (Nasdaq: AXTI) 6.5% HIGHER; reports Q1 EPS of $0.06, 2 cents better than the analyst estimate of $0.04. Revenues for the quarter were $19.6 million, versus the consensus of $17.66 million. Sees Q2 EPS of $0.04-$0.06, versus the consensus of $0.04. Sees Q2 revs of $19.7-$20 million, versus $18.4 million.

Symantec (Nasdaq: SYMC) 6.5% HIGHER; reports Q4 EPS of $0.36, 2 cents better than the analyst estimate of $0.34. Revenues for the quarter were $1.55 billion, versus the consensus of $1.53 billion. Sees Q1 EPS of $0.34-$0.36, versus the consensus of $0.31.

The Timberland Company (NYSE: TBL) 5.5% HIGHER; reports Q1 adjusted EPS of $0.31 vs. consensus of $0.17. Revenue grew 1.2% to $340.4 million vs. consensus of $316.26 million.

Union Drilling, Inc. (Nasdaq: UDRL) 5% LOWER; reports Q1 EPS of $0.10, 11 cents below the analyst estimate of $0.21. Revenues for the quarter were $64.1 million, versus the consensus of $66.83 million.

Itron, Inc (Nasdaq: ITRI) 5% HIGHER; reports Q1 EPS of $0.82, 12 cents better than the analyst estimate of $0.70. Revenues for the quarter were $478 million, versus the consensus of $453.84 million.

Herbalife (NYSE: HLF) 4.4% HIGHER; reports Q1 earnings of $0.93 per share, ex-items, above the consensus of $0.80. Revenues came in at $604.4 million, versus the consensus of $581.1 million. Sees Q2 EPS of $0.89-$0.92 versus the consensus of $0.83. Sees FY08 EPS of $3.52-$3.57 versus the consensus of $3.32.

CIGNA Corp. (NYSE: CI) 4% LOWER; reports Q1 EPS of $0.94, below the consensus of $0.96. CIGNA sees FY EPS of $4.05-$4.25, versus the consensus of $4.25.

ANSYS (Nasdaq: ANSS) 4% HIGHER; reports Q1 earnings of $0.40 per share, above the consensus of $0.33. Revenues came in at $109.5 million, versus the consensus of $105.2 million. Sees FY08 EPS of $1.54-$1.57 versus the consensus of $1.42.

Cal Dive International (NYSE: DVR) 2.6% LOWER; reports Q1 EPS of $0.01, below the analyst estimate of $0.16. Revenues for the quarter were $144.6 million, versus the consensus of $208.34 million.

Clorox Co. (NYSE: CLX) 2.5% HIGHER; reports Q3 EPS of $0.84, ex-items, 9 cents better than the analyst estimate of $0.75. Revenues for the quarter were $1.35 billion, versus the consensus of $1.32 billion. Sees FY08 adj-EPS in the range of $3.57-$3.62, versus the consensus of $3.26. Also gave initial guidance for FY09 EPS of $3.75-$3.90, versus $3.88.

First Solar, Inc. (Nasdaq: FSLR) 2.3% LOWER; downgraded at ThinkPanmure and Oppenheimer

Burger King Corporation (NYSE: BKC) 1.2% HIGHER; reports Q3 EPS of $0.30, above the consensus of $0.27. Revenues rose 10% to $594 million, versus the consensus of $580 million. Sees FY EPS of $1.33-$1.35, versus the consensus of $1.32.

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