Unusual 11 Mid-Day Movers 05/11: (ROVI) (DSCO) (GCOM) Higher; (IL) (HEV) (STEC) Lower

IntraLinks Holdings (NYSE: IL) 30.9% LOWER; reported Q1 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $52.4 million versus the consensus estimate of $53.01 million. Sees Q2 2011 EPS of $0.09 - $0.11, versus the consensus of $0.13. Also sees Q2 2011 revenue of $51 - $53 million, versus the consensus of $54.39 million. IntraLinks sees FY11 EPS of $0.50 - $0.57, versus the consensus of $0.54. IntraLinks also sees FY11 revenue of $215-$225 million, versus the consensus of $221.98 million.

Ener1, Inc. (Nasdaq: HEV) 20.4% LOWER; reported Q1 EPS of ($0.51), or a loss of 7 cents on an adjusted basis, inline with the analyst estimate of ($0.07). Revenue for the quarter came in at $23.1 million versus the consensus estimate of $26.76 million. Ener1 was also downgraded to Sell at Wunderlich.

Rovi Corporation (Nasdaq: ROVI) 18.8% HIGHER; reported Q1 EPS of $0.61, $0.10 better than the analyst estimate of $0.51. Revenue for the quarter came in at $195.4 million versus the consensus estimate of $188.09 million. Increases FY2011 EPS to $2.25 - $2.55, versus the consensus of $2.38.

STEC, Inc. (Nasdaq: STEC) 17.5% LOWER; reported Q1 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $94.9 million versus the consensus estimate of $91.59 million. STEC sees Q2 2011 revenue of $80 - $90 million, versus the consensus of $93.7 million.

Conceptus, Inc. (Nasdaq: CPTS) 17.8% LOWER; reported Q1 EPS of ($0.09), 4 cents worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $26.6 million versus the consensus estimate of $32.41 million. Conceptus reaffirmed its outlook.

Mattson Technology, Inc. (NASDAQ: MTSN) 17.1% LOWER; has priced a 6.8 million common offering at $1.80 per share. The price is a 19 percent discount to the closing price of $2.22 yesterday.

Discovery Laboratories, Inc. (Nasdaq: DSCO) 14.3% HIGHER; reported Q1 loss of $0.21, $0.12 better than the analyst estimate of ($0.33).

Globecomm (Nasdaq: GCOM) 12.9% HIGHER; trading higher amid rumors from DealReporter that the company has hired JPMorgan to advise on a possible sale. The stock hasn't been over $15 since late 2007.

Ultralife (Nasdaq: ULBI) 11.8% HIGHER; appears to be bouncing above a resistance level around $4. Volume is very heavy today.

Pegasystems, Inc. (NASDAQ: PEGA) 8.8% HIGHER; reported Q1 EPS of $0.25, $0.08 better than the analyst estimate of $0.17. Revenue for the quarter came in at $102.4 million versus the consensus estimate of $96.92 million.

TowerStream Corporation (NASDAQ: TWER) 8.3% HIGHER; reported Q1 EPS of ($0.04), $0.01 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $6 million versus the consensus estimate of $6 million. TowerStream Corporation sees Q2 2011 revenue of $6.4-$6.5 million, versus the consensus of $6.3 million. Also announced it will acquire assets of One Velocity. As a result of the acquisition of One Velocity, Towerstream has increased its revenue guidance for the second quarter 2011 to range between $6.4 million and $6.7 million.

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