Pre-Open Movers 5/9: Circuit City (CC) Up on Strategic Options News; Cogent Comm (CCOI) Sinks on Results/Guidance

May 9, 2008 9:23 AM EDT

StreetInsider.com Pre-Open Movers:

Cogent Communications Group (Nasdaq: CCOI) 15% LOWER; reports a Q1 loss of $0.21, 3 cents lower than the analyst estimate of ($0.18). Revenues for the quarter were $52.1 million, versus the consensus of $52.53 million. Sees net service revenues for FY08 of $225-$235 million, versus the consensus of $228.91 million. Raised its FY08 net loss estimate from ($0.10)-($0.20) to ($0.20)-($0.30), compared to the Street estimate of ($0.23).

Priceline.com (Nasdaq: PCLN) 13% HIGHER; reports Q1 EPS of $0.76, 16 cents better than the analyst estimate of $0.60. Revenues for the quarter were $403.2 million, versus the consensus of $377.17 million. Priceline.com (Nasdaq: PCLN) sees FY 08 EPS $5.25 to $5.65 versus $5.12. Q2 EPS $1.25 to $1.40 versus $1.30.

Limelight Networks (Nasdaq: LLNW) 13% LOWER; reports a Q1 loss of $0.02, 4c worse than the analyst estimate of $0.02. Revenues for the quarter were $30.2 million, versus the consensus of $31.31 million.

Systemax (NYSE: SYX) 12% HIGHER; reports record Q1 results. The company EPS of $0.48, versus $0.37 last year. Revenues for the quarter rose 7.2% to $725 million.

Circuit City Stores, Inc. (NYSE: CC) 10% HIGHER; retained Goldman Sachs & Co. to assist the company in exploring strategic alternatives to enhance shareholder value. Circuit City also said it will allow Blockbuster to conduct additional due diligence, subject to customary confidentiality arrangement, related to Blockbuster's proposal to acquire the company.

Harris Corp. (NYSE: HRS) 10% HIGHER; Reports from the Wall Street Journal, Harris is exploring strategic options, including a possible sale.

NGAS Resources (Nasdaq: NGAS) 9.8% LOWER; reports Q1 EPS of $0.01, 2 cents lower than the analyst estimate of $0.03. Revenues for the quarter were $17.65 million, versus the consensus of $18.61 million.

RealNetworks (Nasdaq: RNWK) 9.6% HIGHER; reports Q1 EPS of $0.02, 5 cents better than the analyst estimate of ($0.03). Revenues for the quarter were $147.6 million, versus the consensus of $141.57 million. Sees Q2 breakeven to a loss of 4c, versus consensus of loss of 2 cents. FY breakeven to a loss of 5 cents versus consensus of loss of 6 cents. Okays an additional 50 million buyback. Plans to spinoff its casual games unit to an IPO.

Assured Guaranty (NYSE: AGO) 9% LOWER; reports a Q1 loss of $2.11, which may not compare to the analyst estimate of $0.65.

Sotheby's (NYSE: BID) 9% LOWER; reports Q1 loss of $0.19 per share, may not be comparable to the consensus of a $0.10 profit. Revenues came in at $129.3 million, versus the consensus of $141.4 million. Because of the seasonal nature of the art auction market and Sotheby's sales calendar, first and third quarters are expected to be loss quarters.

Quest Software Inc. (Nasdaq: QSFT) 8.6% HIGHER; reports Q1 EPS of $0.21, 2 cents better than the analyst estimate of $0.19. Revenues for the quarter were $172.8 million, versus the consensus of $165.62 million. Sees FY08 revs of $705-$720 million, versus the consensus of $711.6 million.

First Marblehead (NYSE: FMD) 8.6% LOWER; reports a Q1 loss of $2.36, which may not compare to the analyst estimate of ($0.36).

American International Group (NYSE: AIG) 8% LOWER; reports Q1 loss of $1.41, versus the analyst estimate of $0.76 loss. Announces that it will raise $12.5 billion in capital.

First Marblehead (NYSE: FMD) 7.5% LOWER; reports a Q1 loss of $2.36, which may not compare to the analyst estimate of ($0.36).

Spartan Motors Inc. (Nasdaq: SPAR) 6.7% HIGHER; Receives $56.4 Million Order for Production of MRAPs.

Activision (Nasdaq: ATVI) 6% HIGHER; reports Q4 EPS of $0.17, 12 cents better than the analyst estimate of $0.05. Revenues for the quarter were $602.5 million, versus the consensus of $369.12 million. Activision sees Q1 eps 13 cents ex-Vivendi, rev's $500 million versus $484.3 million. FY 09 sees eps $1.30 ex-Vivendi, $1.18 consensus. FY 09 revs $3.1 billion versus $2.82 billion.

Genoptix (Nasdaq: GXDX) 6% HIGHER; reports Q1 EPS of $0.29, 11 cents better than the analyst estimate of $0.18. Revenues for the quarter were $22.3 million, versus the consensus of $19.41 million. Genoptix is adjusting its performance outlook for the full-year 2008, and now expects revenues of between $90 and $95 million with net income near the high end of the previously provided range of between $15 and $17 million. (FY revenue consensus is $90.34 million) GAAP earnings per diluted share are now expected to be at the high end of the previously provided range of $0.85 to $0.95 for the full year 2008. (Consensus is $0.95).

Evergreen Solar Inc. (Nasdaq: ESLR) 4% LOWER; Citi starts at Sell


Energy Conversion Devices, Inc. (Nasdaq: ENER) 3% LOWER; Profit-taking after yesterday's 43.4% run-up

First Solar, Inc. (Nasdaq: FSLR) 2.4% HIGHER; Citi starts at Buy

Heely's (Nasdaq: HLYS) 1.3% LOWER; reports a Q1 loss of $0.02, ex-items, 7 cents lower than the analyst estimate of $0.05. Revenues for the quarter were $13.1 million, versus the consensus of $14.78 million.

NVIDIA Corporation (Nasdaq: NVDA) EVEN: reports Q1 EPS of $0.36, 2 cents better than the analyst estimate of $0.38. Revenues for the quarter were $1.15 billion, versus the consensus of $1.15 billion. NVIDIA Corporation (Nasdaq: NVDA) said it sees Q2 revenues down 5% from Q1, which was $1.15B. This would put Q2 at about $1.09 billion (cons is $1.12 billion).

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