Unusual 11 Mid-Day Movers 2/8: TSTR, VNUS, IONA, CTSH Higher; ARUN, PDFS, IAR, RHD Lower

February 8, 2008 12:57 PM EST

Aruba Networks, Inc. (Nasdaq: ARUN) 34.8% LOWER; said second quarter revenues are currently expected to be in the range of approximately $40.0 to $41.0 million and non-GAAP net income is expected to be approximately break-even. The Wall Street consensus is $51.5 million and EPS of $0.05.

PDF Solutions (Nasdaq: PDFS) 29.8% LOWER; reports Q4 EPS of $0.21, 1 cent better than the analyst estimate of $0.20. Revenues for the quarter were $24.6 million, versus the consensus of $25.06 million.

TerreStar Corporation (NASDAQ: TSTR) 24.6% HIGHER; announced that EchoStar Corporation (NASDAQ: SATS), Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund LP and other investors have entered into a series of separate agreements constituting a commitment of $300 million in investments in TerreStar - with $200 million made available today at closing and the balance dedicated to funding the TerreStar-2 satellite.

Idearc Inc. (NYSE: IAR) 23.3% LOWER; was downgraded to Sell at Deutsche Bank today after a 24% sell-off yesterday due to disappointing earnings: reports Q4 EPS of $0.75, 12 cents better than the analyst estimate of $0.63 Revenues for the quarter were $787 million, versus the consensus of $791.90 million.

VNUS Medical Technologies (Nasdaq: VNUS) 20% HIGHER; reports Q4 EPS of $0.05, 14 cents better than the analyst estimate of ($0.09). Revenues for the quarter were $20.6 million, versus the consensus of $18.37 million. Sees FY08 EPS of $0.19 to $0.24, versus the consensus of $0.05.

Subscribe to StreetInsider Now & Get the News Before The Market Moves!

IONA (Nasdaq: IONA) 20% HIGHER; confirms that it has received an unsolicited preliminary expression of interest from a third party to acquire the Company, which may or may not lead to a formal offer being made to acquire all of the outstanding shares of the Company.

R.H. Donnelley (NYSE: RHD) 18.2% LOWER; fell almost 20% yesterday after its rival Idearc reported weak Q4 earnings. Today, the stock continues to slide as Deutsche Bank downgraded the stock to Hold and cut its price target from $65 to $25 due to a weakening macro environment in the U.S.

Cognizant Technology Solutions (Nasdaq: CTSH) 15.1% HIGHER; reports Q4 EPS of $0.36, 5 cents better than the analyst estimate of $0.31. Revenues for the quarter were $600 million, versus the consensus of $594.41 million. Sees FY08 revs of atleast $2.95 billion, versus the consensus of $2.87 billion and EPS of $1.67, versus the consensus of $1.47. Sees Q1 EPS of about $0.36, versus the consensus of $0.32.

comScore Inc. (Nasdaq: SCOR) 14.4% LOWER; reports Q4 EPS of $0.21, 2 cents better than the analyst estimate of $0.19. Revenues for the quarter were $25.3 million, versus the consensus of $25.18 million. Q1 EPS 12-11 cents versus 16 cents consensus. Q1 25.9 to 26.2 million versus 25.4 million. Full year guidance EPS 55 cents to 58 cents versus consensus of 79 cents. Full year revenue guidance 112.2 million to 113.2 million versus 112.6 million. Deutsche Bank is saying the selling is unwarranted and said guidance was 'in-line' due to taxes.

Mattson Technology (Nasdaq: MTSN) 13.2% HIGHER; appears to be moving on momentum as no news has been released by the Company today.

Intermec, Inc. (NYSE: IN) 11.5% HIGHER; reports Q4 EPS of $0.27, 4 cents better than the analyst estimate of $0.23. Revenues for the quarter were $253 million, versus the consensus of $236.21 million. Sees Q1 EPS of $0.10 to $0.13, versus the consensus of $0.10.

Related Categories

Special Reports

Stocks Mentioned

Related Entities

• Harbinger Capital
• Deutsche Bank

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?