Why Coupons.Com, (NYSE:COUP) shares declined sharply? Report On - Meru Networks, (MERU), Computer Sciences, (CSC), Glu Mobile, (GLUU), Globalstar, (GSAT)

On Tuesday, U.S. stocks surged, imposed by hopes for a pact between Greece and its international creditors.

At 11:12 am, the technology sector’s summary was somewhat like this:

Silver Spring Networks, Inc. (NYSE:SSNI), is the top gainer of the technology sector for the current trading session, and added 17.01% to the share.
Com Inc (NYSE:COUP), is among the top loser of the sector, losing -24.95% from the share, and is now trading at $10.89, hitting its new 52-week low of $9.24.
Frontier Communications Corporation (NASDAQ:FTR), recently hits new 52-week high of $8.41, and is now trading at $8.36, and is the most active stock for the session gaining volume of 13,897,235.
Amkor Technology, Inc. (NASDAQ:AMKR), is the most volatile stock in the meantime, and it remained 3.91% volatile for the week and 4.10% for the month.
Akamai Technologies, Inc. (NASDAQ:AKAM), will release their earning report, after the market close today.

Following are the details of few declining financial stocks for the current trading session:

Coupons.Com Inc (NYSE:COUP), declined sharply -24.98% and is now trading at $10.89, soon after leader in digital coupons, recently declared that Steve Horowitz, Vice President of Engineering at Snapchat and former Chief Technology Officer at Coupons.com, has been elected to the Board of Directors, effective in June 2015. Before joining Snapchat last month, Horowitz was Senior Vice President of Software Engineering at Motorola Mobility, where he led global software engineering and was responsible for Motorola’s software strategy and products. Preceding to working at Coupons.com, Horowitz led the Android engineering team at Google. Steve has also held key leadership roles at Microsoft and Apple. He holds a Bachelor of Arts degree from the University of Michigan, Ann Arbor.

Coupons.Com Inc (NYSE:COUP), provides digital coupons in the United States. It offers online printable, social, mobile, and loyalty card promotions.

Shares of Meru Networks, Inc. (NASDAQ:MERU) dipped -11.32% and is now at $2.82, following the recent news that a leader in intelligent Wi-Fi networking, declared the availability of Meru XPress Cloud, a controller-less 802.11ac Wi-Fi solution featuring cloud-based administration that is purpose-built for small-to-medium enterprises (SMEs) and distributed enterprises. The XPress Cloud portfolio comprises the new Meru XP8i access point, with administration software hosted by Meru and delivered through industry-leading, highly-secure data center providers worldwide. With Meru XPress Cloud, only network administration traffic traverses the cloud; all corporate data remains behind the firewall.

Meru Networks, Inc. (NASDAQ:MERU), is a leader in intelligent 802.11ac Wi-Fi solutions delivering uninterrupted user experience for education, healthcare, hospitality and enterprise. The Meru open-standards-based architecture is designed to enable unified administration of wired and wireless networks.

Computer Sciences Corporation (NYSE:CSC), dropped -6.31%% and is now at $60.75, after CSC recently stated results for the third quarter of 2015.

Earnings (loss) per share from ongoing operations was ($2.23) in the third quarter and comprises $2.05 from non-cash pension-related charges and $1.38 from a projected SEC settlement-related charge. Adjusting for these items, non-GAAP diluted earnings (loss) per share was $1.18, up 9% when contrast with $1.08 in the third quarter of fiscal 2014.
Revenue (loss) from ongoing operations of ($313 million) for the third quarter comprises pre-tax pension-related charges of $462 million and a $195 million charge for a projected SEC settlement and related expenses.

Computer Sciences Corporation (NYSE:CSC), is a global leader of next generation information technology (IT) services and solutions. The Company’s mission is to enable superior returns on our clients’ technology investments through best-in-class industry solutions, domain expertise and global scale. CSC has about 72,000 employees and stated proceed of $12.6 billion for the 12 months ended January 2, 2015.

Shares of the Glu Mobile Inc.(NASDAQ:GLUU) dipped - 0.39%, as a leading global developer and publisher of free-to-play games for smartphone and tablet devices, declared that its Chief Executive Officer, Niccolo de Masi, presented at the Stifel 2015 Technology, Internet & Media Conference in San Francisco, Calif. on Monday, February 9, 2015.

Glu Mobile Inc.(NASDAQ:GLUU), develops and publishes a portfolio of action/adventure and casual games for the smartphones and tablet devices users.

Globalstar, Inc. (NYSEMKT:GSAT) dwindled -2.80% to close at $2.26. The stock volatility for the week is 4.47%, while for the month it is 4.75%. 992,244 shares exchanged hands as compared to its average volume of 3.40M, till now.

Globalstar, Inc. (NYSEMKT:GSAT), provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, counting mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.