Dallas, TX 12/10/2009 4:48:04 PM
News / Business

Top Tech. Stock Losers were NASDAQ: MDAS, PLAB, CLFD

Top Tech. Stock Losers

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MedAssets, Inc. (NASDAQ:MDAS) was down 4.62% to $19.01 on 3.88 million shares after the company refined its fiscal 2009 guidance and expects net revenue to be in the range of $341-$345 million, diluted earnings per share (EPS) to be $0.31-$0.37, non-GAAP adjusted EBITDA of $110 -$114 million and non-GAAP cash diluted EPS of $0.78-$0.84. For fiscal 2010, it expects net revenue to be in the range of $390-$400 million, EPS of $0.45-$0.55, non-GAAP adjusted EBITDA of $120 -$128 million and non-GAAP cash diluted EPS of $0.86-$0.96. According to Reuters Estimates, analysts are expecting the Company to report revenue of $342 million for fiscal 2009; EPS of $0.99, EBITDA of $128 million on revenue of $397 million for fiscal 2010.

 

Photronics, Inc. (NASDAQ:PLAB) declined 5.30% to $4.65 on 1.39 million shares after the company today reported fiscal 2009 fourth quarter results for the period ended November 1, 2009. Sales for the fourth quarter were $94.7 million, down 8.3% compared to $103.3 million for the fourth quarter of fiscal year 2008. Sales of semiconductor photomasks accounted for $73.8 million, or 77.9% of revenues during the fourth quarter of fiscal 2009, and sales of flat panel display (FPD) photomasks accounted for $20.9 million, or 22.1% of revenues. GAAP net income for the fourth quarter of fiscal 2009 was $1.2 million, or $0.11 loss per diluted share.

 

Clearfield, Inc. (NASDAQ:CLFD) declined 7.19% to $2.58. The stock is up over 203% from its 52-week low and has a market capitalization of $30.81 million. In the last six months the stock went up over 61%. Clearfield, Inc. formerly APA Enterprises, Inc., is a manufacturer and seller of telecommunications equipment. The Company provides telecommunications service providers, as well as commercial and industrial original equipment manufacturers (OEM’s) a suite of modular, highly configurable passive connectivity solutions.

 

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