ThinkEquity

ThinkEquity downgrades Move, Inc. (Nasdaq: MOVE) from Buy to ...

Pacer International (NASDAQ: PACR) 53.5% HIGHER; reports Q3 EPS of $0.02, 3 cents better than the analyst estimate of ($0.01).

STEC, Inc. (NASDAQ: STEC) 36.2% LOWER; reports Q3 EPS of $0.50, 3 cents better than the analyst estimate of $0.47. Revenue for the quarter was $98.30 million, which compares to the estimate of $96.58 million. Sees Q4 EPS $0.51 - $0.53, versus $0.52 consensus. Also sees Q409 sales $101 - $103 million, versus $106 million. The stock was also downgraded at ThinkEquity, Deutsche Bank and Wedbush.

Ambac Financial Group ...

UPGRADES:
Wunderlich Securities upgrades Viacom (NYSE: VIA-B) from Hold to Buy. Price target increased from $31 to $34. Click Here for more color. The stock was also upgraded to Outperform at Oppenheimer and to Buy at Miller Tabak.

Digital River (Nasdaq: DRIV) upgraded at to Overweight at Piper Jaffray and to Buy at Collins ...

MOD-PAC Corp. (NASDAQ: MPAC) 93.5% HIGHER; reports Q3 EPS of $0.29, versus the $0.00 reported in the same quarter last year. Revenue for the quarter was $12.6 million, flat from Q308.

STEC, Inc. (NASDAQ: STEC) 31.5% LOWER; reports Q3 EPS of $0.50, 3 cents better than the analyst estimate of $0.47. Revenue for the quarter was $98.30 million, which compares to the estimate of $96.58 million. Sees Q4 EPS $0.51 - $0.53, versus $0.52 consensus. Also sees Q409 sales $101 - $103 million, versus $106 million. The stock was also downgraded at ThinkEquity, Deutsche Bank and Wedbush.

Ambac Financial Group, Inc. (NYSE: ABK) 29.7% HIGHER; reported Q3 EPS of $7.58, versus a loss of $8.45 last year. The third quarter 2009 results reflect significant unrealized mark-to-market gains in the credit derivatives portfolio and gains resulting from reinsurance cancellations during the quarter.

Clarient, Inc. (NASDAQ: CLRT) 24.9% LOWER ...

From Notable Calls

Wanted to highlight some comments on STEC Inc (NASDAQ: STEC) following results (stock was down 30% in after hours trading):

- Needham says they remain positive about enterprise SSD opportunity in 2010, but recognize that the EMC inventory overhang clouds the story temporarily. Despite this dynamic, they are comfortable with at least $2 in earnings power for 2010, leaving the stock compelling following the overreaction to 3Q/4Q earnings.

ZeusIOPS revenue improves slightly. ZEUSIOPS revenues were approximately $60.7 million, up from roughly $57 million in the previous quarter but below firm's original estimate for $68 million.

Estimated reserves announced against recent $120 million supply arrangement (who they believe is EMC) for sales & marketing efforts to facilitate sell-through at customer, which indicated it may now carry inventory into 1Q2010.

Adjusting estimates. Revising 4Q estimates to $102 million in revenue and $0.52 in non-GAAP EPS, vs. their prior $105 ...