Unusual 11 Midday Movers 01/19: (EGHT) (NTCT) (HNSN) Higher; (ENER) (ZZ) (JASO) Lower

January 19, 2012 2:26 PM EST
8x8, Inc. (NASDAQ: EGHT) 28.2% HIGHER; reported Q3 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $23.3 million versus the consensus estimate of $22.09 million.

Energy Conversion Devices (Nasdaq: ENER) 27.2% LOWER; traders are continuing to take profits following a more than 185 percent last week. Shares fell just 6 percent yesterday.

Sealy Corp. (NYSE: ZZ) 17.5% LOWER; reported Q4 EPS of ($0.14), $0.15 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $269.3 million versus the consensus estimate of $309.81 million.

Netscout Systems, Inc. (NASDAQ: NTCT) 17.4% HIGHER; reported Q3 EPS of $0.35, $0.03 better than the analyst estimate of $0.33. Revenue for the quarter came in at $83.3 million versus the consensus estimate of $81.96 million. Netscout Systems, Inc. reaffirmed FY2012 guidance. Sees Q4 2012 EPS of $0.36-$0.40, versus the consensus of $0.37. Sees Q4 2012 revenue of $86-$91 million, versus the consensus of $86.31 million.

Hansen Medical Inc. (Nasdaq: HNSN) 16.9% HIGHER; shares traded roughly flat on the day before spiking just after 11:00 pm. Volumes remain low.

Ku6 Media Co. (Nasdaq: KUTV) 16.5% LOWER; investors seem to be taking profits today after shares closed up 92.5% yesterday over the last two days of trading.

Bank of Ireland (NYSE: IRE) 14.8% HIGHER; EU banks are performing strongly today following solid bond auctions in both France and Spain. An analyst at Morgan Stanley suggested markets may be underestimating the potential of the ECB's support of the euro zone banks. The analyst also suggested the ECB has opened the funding markets to some of the strongest EU banks.

Trina Solar Limited (NYSE: TSL) 14.1% LOWER; the solar sector began falling as a whole on reports Germany was pushing for monthly subsidy cuts versus semi-annual cuts.

Gulf Resources, Inc. (Nasdaq: GURE) 13.2% HIGHER; announced that the Company has discovered underground brine water resources in Daying County, Sichuan Province, after more than a half year of drilling, and it has provided preliminary concentration results after the testing by a third-party independent testing expert, Centre Testing International Corporation. According to the third-party independent testing report, the bromine concentration in the underground brine water resources is 1.53 grams per liter, which is approximately six to seven times higher than the average bromine concentration from its brine water resources at the Company's bromine factories in Shouguang City, Shandong Province.

F5 Networks, Inc. (NASDAQ: FFIV) 12.8% HIGHER; reported Q1 EPS of $1.03, $0.02 better than the analyst estimate of $1.01. Revenue for the quarter came in at $322.4 million versus the consensus estimate of $319.13 million. Sees Q2 adj-EPS of $1.05-$1.07, which compares to the Street estimate of $1.05. Sees sales of $332-$337 million, which compares to the Street estimate of $330.51 million.

JA Solar Holding (Nasdaq: JASO) 12.8% LOWER; the solar sector began falling as a whole on reports Germany was pushing for monthly subsidy cuts versus semi-annual cuts.


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