Tag - RVBD

What do you do when your company's earnings missed analyst expectations by 15 percent? You get your merger and acquisition team together and start shopping.

That's sure to be the case right now at Cisco Systems (Nasdaq: CSCO) after the company reported earnings of just $0.34 per share in the first quarter. Analysts had expected $0.40 per share, and while the company's 13 percent earnings growth (it earned $0.30 per share in the comparable quarter in 2009) is nothing to sneeze at, guidance of only 3 to 4 percent revenue growth fell well short of expectations of 13 percent.

Taken together, a weaker than expected quarter and slower than anticipated revenue growth moving forward has the stock down over 15 percent this morning.

Liberty Global Inc. (Nasdaq:LBTYA), Riverbed Technology Inc. (Nasdaq:RVBD) and Ciena Corp. (Nasdaq:CIEN) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Forward Air Corp. (Nasdaq:FWRD), Medicines Co. (Nasdaq:MDCO), Omniture Inc. (Nasdaq:OMTR), Old Dominion Freight Line Inc. (Nasdaq:ODFL),BLDRS Emerging Markets (Nasdaq:ADRE) and Axsys Technologies Inc. (Nasdaq:AXYS).

DryShips Inc. (Nasdaq:DRYS), Retalix Ltd. (Nasdaq:RTLX) and Riverbed Technology Inc. (Nasdaq:RVBD) are among the most actively traded companies in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Rambus Inc. (Nasdaq:RMBS), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Geron Corp. (Nasdaq:GERN), Netlogic Microsystems Inc. (Nasdaq:NETL), Ciena Corp. (Nasdaq:CIEN) and Allos Therapeutics Inc. (Nasdaq:ALTH).

LECG Corporation (Nasdaq:XPRT), Riverbed Technology Inc. (Nasdaq:RVBD) and Elbit Imaging Ltd. (Nasdaq:EMITF) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: IRIS International Inc. (Nasdaq:IRIS), The9 Ltd. (Nasdaq:NCTY), Stratus Properties Inc. (Nasdaq:STRS), Capital Bank Corp.  (Nasdaq:CBKN), Novatel Wireless Inc. (Nasdaq:NVTL) and Rockwood Holdings Inc. (Nasdaq:ROC).

Small-cap stocks started out the final week of this year’s trading on a somber note, as familiar worries about the economy, spending and the credit crisis sparked selling from a holiday-reduced pool of investors. A decline in financial, retail and homebuilder shares was more than enough to cancel out gains for commodity stocks, especially since much of the rise in commodities was fueled by safe-haven and risk bid flows—and not by improved fundamentals. Today's small-cap percentage gainers are Linn Energy LLC (Nasdaq:LINE), Northwest Pipe Co. (Nasdaq:NWPX), and BPZ Resources (NYSE:BPZ).

Other Market Watch highlights included:

•    Yields on six-month bills were going for about 5% back in August 2007; today’s high yield was 0.25%.  
•    The Treasury auctioned off $27 billion in six-month bills Monday, and the result was the lowest yield in history on auctions that date back to the 1930s.  
•    Much of the rise in commodities was fueled by safe-haven and risk bid flows—and not by improved fundamentals.  
•    A decline in financial, retail and homebuilder shares was more than enough to cancel out gains for commodity stocks.

Small Cap Gainers:

• Linn Energy LLC gapped higher and was showing a gain of 19% after a bullish article in Barron’s. See (Nasdaq:LINE).
• Northwest Pipe Co., which makes welded steel pipes, was up 13.2% to $37.65. See (Nasdaq:NWPX).  
• Flow-measurement product maker Badger Meter up 11% to $33.64. See (NYSE:BMI)
• BPZ Resources, formerly known as BPZ Energy, up 10.5% to $5.39 after announcing increases in oil reserves at the Corvina Field. See (NYSE:BPZ)  


Small Cap Losers:

• Among today's other 52-wk lows: Skilled Healthcare Group, Minerals Technologies Inc. and Dionex Corp. See (NYSE:SKH, NYSE:MTX, and Nasdaq:DNEX)
• Real estate investment trust Macerich Company down 15% to $17.23. See (NYSE:MAC).   
• Riverbed Technology, Inc. down 13% to $9.93 after Wedbush Morgan downgrade to "Hold" from "Buy" See(Nasdaq:RVBD)  
• ATC Technology Corp., a vehicle remanufacturing and logistics company, hit a new year-low of $12.37. See (Nasdaq:ATAC) 

Small-cap stocks extended the morning slide into midday action, with losses in financial, homebuilder, technology and retail stocks more than offsetting gains in energy and mining shares. Today's small-cap percentage gainers are Linn Energy LLC (Nasdaq:LINE), Northwest Pipe Co. (Nasdaq:NWPX), and Badger Meter (NYSE:BMI).

Other Market Watch highlights included:

• Although today’s slide in small caps looks ugly from a performance standpoint, it really does very little to alter a relatively tame, sideways chart structure.  
• Technology shares failed to gain traction, even though tech stocks were decent performers overnight in Asia on a burst of M&A activity.  
• Ongoing concerns about the economy and credit crunch weighed on financial and bank stocks, with small banks and financial firms dominating the list of percentage losers.  
• Losses in financial, homebuilder, technology and retail stocks were more than offsetting gains in energy and mining shares. 

Small Cap Gainers:

• Linn Energy LLC gapped higher and was showing a gain of 19% after a bullish article in Barron’s. See (Nasdaq:LINE).
• Northwest Pipe Co., which makes welded steel pipes, was up 13.2% to $37.65. See (Nasdaq:NWPX).  
• Flow-measurement product maker Badger Meter up 11% to $33.64. See (NYSE:BMI)
• BPZ Resources, formerly known as BPZ Energy, up 10.5% to $5.39 after announcing increases in oil reserves at the Corvina Field. See (NYSE:BPZ)  

Small Cap Losers:

• Among today's other 52-wk lows: Skilled Healthcare Group, Minerals Technologies Inc. and Dionex Corp. See (NYSE:SKH, NYSE:MTX, and Nasdaq:DNEX)
• Real estate investment trust Macerich Company down 15% to $17.23. See (NYSE:MAC).   
• Riverbed Technology, Inc. down 13% to $9.93 after Wedbush Morgan downgrade to "Hold" from "Buy" See(Nasdaq:RVBD)  
• ATC Technology Corp., a vehicle remanufacturing and logistics company, hit a new year-low of $12.37. See (Nasdaq:ATAC) 

Small caps collapsed today, setting fresh intraday and closing lows. The Russell 2000 (NYSE:IWM) closed down 5%, the lowest daily close since Aug. 2003. Today’s small-cap gainers are Dineequity (Nasdaq:DIN), Penn National Gaming (Nasdaq:PENN) and Riverbed Technology (Nasdaq:RVBD).

Other Market Watch highlights today included:

• Small caps continue to be punished relative to their large-cap brethren as the bear market incites a “bigger is better” mentality.
• The Russell 2000 is now down 41% for 2008, while the Dow is off 38% and the S&P 500 is down 42%.
• Just a few weeks ago, the percentage spread favored the Russell over the Dow by more than 10 percentage points, but when the market went into collapse mode small caps suffered.
• The dollar stormed to fresh highs against the euro today, reaching the highest point since April 2006.
• Commodities have already been tanking in recent weeks, putting commodity sensitive economies like those in South America and Russia in a dire position. 

Small Cap Gainers:

• Dineequity Inc. closed up 54% on surprisingly stout earnings news. See (NYSE:DIN).
• Penn National Gaming closed up nearly 5% after Q3 EPS vaulted on settlement payment, raises 2008 earnings guidance. See (Nasdaq:PENN). 
• UBS raises Riverbed Technology to “neutral” from “sell.” Shares closed up 5%. See (Nasdaq:RVBD). 

Small Cap Losers:

• Savient Pharmaceuticals paced the decliners, closing down some 73% and gapping lower on heavy volume. See (Nasdaq:SVNT). 
• Sunrise Senior Living Inc. tumbled 32% to fresh 52-week lows. See (NYSE:SRZ).
• Telefonica De Argentina closed down 22% as South American ADRs continue to struggle amid pension fund troubles in Argentina and worries about the sharp drop in commodity values. See (NYSE:TAR). 

Also included among the results: Investors Title Co. (Nasdaq:ITIC), Monmouth Real Estate Investment Corp. (Nasdaq:MNRTA), Old Dominion Freight Line Inc. (Nasdaq:ODFL), Riverbed Technology Inc. (Nasdaq:RVBD), Coleman Cable Inc. (Nasdaq:CCIX) and Sierra Bancorp (Nasdaq:BSRR).