SPWRA, CA, RVBD are The Top Losers from Technology Sector

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SunPower Corporation (NASDAQ:SPWRA) is one of the most active losers in early trade as it plunges over 12.64% to $29.09 on huge volume of 2.97 million shares after SunPower Corporation updated fiscal 2009 guidance and expects non-GAAP revenue to be in the range of $1.425-$1.50 billion, non-GAAP net income per diluted share to be in the range of $1.15-$1.25 and GAAP EPS to be in the range of $0.50-$0.60. According to Reuters Estimates, analysts are expecting the Company to report revenue of $1.416 billion and non-GAAP EPS of $1.21 for the same period.

CA, Inc. (NASDAQ:CA) fell 10.41% to $21.42 on huge volume of 5.39 million shares after Analysts were expecting CA, Inc. to report earnings of $0.40 for last quarter, but CA beat expectations with actual earnings of $0.42 which is 2 cents above the consensus estimate. CA also issued earnings guidance for next quarter that is in line with current analyst expectations. CA, Inc. is an independent information technology management software company.

Riverbed Technology, Inc. (NASDAQ:RVBD) corrected 11.40% to $20.91 on over 2.39 million shares after Auriga downgrades Riverbed Technology from Hold to Sell with a price target $20. Riverbed Technology, Inc. has developed a solution to the fundamental problems of wide-area distributed computing. This product address a range of software applications across networks of all sizes and address the wide-area distributed computing needs of every industry.

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