Juniper Beats Estimates, But Intel Warns
Juniper Networks blew away earnings estimates after the bell on Tuesday, but Intel guided first quarter estimates down substantially.
The ISDEX http://www.wsrn.com/apps/ISDEX/
In after hours trading, Intel
During the day, Breakaway Solutions
Corvis
Aether Systems
Intraware
C-bridge Internet
I-many
Some technical comments on the market: Note: We are now including charts in the technical market commentary. If you can't get the charts via the e-mail newsletter version, try this link: http://www.afterhourstrading.com/column.html
The Nasdaq pulled back on lower volume for the second straight day, a good sign that sellers don't have the conviction they once had. The Nasdaq and Nasdaq 100 continue to trade just under major resistance; a strong gap up in the morning could take out some important resistance, particularly on the Nasdaq. Not sure if tonight's earnings were strong enough to do that, but several tech stocks are trading higher after hours, a hopeful sign. The Nasdaq squeezed above its September downtrend line (first chart) at 2650 on Friday, only to pull back within it. A close above 2700 would be bullish. Also, the Nasdaq reached the upper trendline of a rising channel (second chart). The lower boundary of that channel is now at about 2375, and would be the maximum downside expected on any pullback.
rose less than a point to 388, and the Nasdaq lost 7 to 2618. The S&P 500 rose 8 to 1326, and the Dow surged 127 to 10,652. Volume was unchanged at 1.2 billion shares on the NYSE, and declined to 2.02 billion on the Nasdaq. Advancers led by 17 to 11 on the NYSE, and 24 to 15 on the Nasdaq. For earnings reports, visit our earnings calendar at http://www.wsrn.com/apps/earnings/internet.xpl and reported earnings at http://www.wsrn.com/apps/earnings/ireported.xpl. For after hours quotes and news, visit our after hours trading site at http://www.afterhourstrading.com.
traded unchanged at 31 1/2 after beating estimates, but guiding first quarter results down 15% sequentially, worse than analysts expected. Juniper
rose 3 points to 130 after blowing away earnings revenue estimates. Earnings were 24 cents a share, 6 cents ahead of estimates. Applied Micro
rose 3 points to 73 after beating earnings estimates but coming in light on revenues.
soared 1 1/8 to 2 3/8 after securing additional financing from major shareholder Internet Capital Group
, up 15/32 to 5 3/8.
rose 1 to 24 after the successful implementation of all-optical networking by Williams Communications
led to an extension of the companies' $200 million agreement by an additional $100 million.
climbed 1 13/16 to 39 7/8 on a Banc of America Strong Buy rating.
surged 31/32 to 3 9/32 after reporting better-than-expected results late Friday and guiding estimates higher.
rose 3/16 to 4 3/16 after announcing 14% layoffs, or 100 employees.
soared 2 1/4 to 14 1/8 on an SG Cowen Strong Buy rating and $21 price target.