On Wednesday, U.S. stocks were varied after the close, since escalations in the Consumer Services, Telecommunications and Technology sectors guided shares higher while losses in the Oil & Gas, Health Care and Utilities sectors guided shares lower.
At the close in New York, the Dow Jones Industrial Average climbed 0.04%, while the S&P 500 index dropped down 0.42%, and the NASDAQ Composite index dropped down 0.23%.
The Information Technology Index added 1.39 percent, as BlackBerry Limited (BB.TO) gained 1.22 percent, Constellation Software (CSU.TO) gained 1.57 percent, and Descartes Systems Group Inc. (DSG.TO) slipped 0.68 percent. Sierra Wireless, Inc. (SW.TO) jumped 3.92 percent.
The detailed recap on Tech losers for late Wednesday’s trade is described underneath:
Bottom Decliner: RadiSys Corporation (NASDAQ:RSYS) declined -24.00%, and closed at $1.90, during the last session, soon after RadiSys Corporation declared fourth quarter 2014 incomes of $48.2 million and a GAAP net loss of $4.5 million or $0.12 per diluted share. Fourth quarter non-GAAP profit was $0.4 million or $0.01 per diluted share.
- First quarter income is predictable between $44 million and $50 million.
- Non-GAAP gross margin in the first quarter is predictable between 31% and 33% of sales and non-GAAP R&D and SG&A expenses are predictable to approximate $14.5 million.
- First, quarter non-GAAP earnings are predictable to range from a loss of $0.04 to a profit of $0.06 per share.
- Cash, net of the February 15, 2015 $18 million convertible note repayment, is predictable to raise about $4 million.
RadiSys Corporation (RSYS) operates as a provider of wireless infrastructure solutions in the telecom, aerospace, and defense markets. The company offers T-Series ATCA products that comprise a suite of integrated, application ready, and software-rich hardware products, such as carrier blades, chassis, disk modules, line cards, and processing and switch modules for computing/switching, network processing, digital signal processing, and platform software applications.
Calix Inc (NYSE:CALX) dipped -17.82%, and closed at $8.67, as a global leader in access innovation, will take part in the following investor conferences in the first quarter:
- Stifel 2015 Technology, Internet & Media Conference - February 10th - San Francisco, CA.
- Goldman Sachs Technology and Internet Conference 2015 - February 11th - San Francisco, CA .
- Stephens West Coast 1×1 Conference - March 19th - San Francisco, CA.
Calix Inc (CALX) is a global leader in access innovation. Its Unified Access portfolio of broadband communications access software, systems, and services enables communications service providers worldwide to transform their networks and become the broadband provider of choice to their subscribers.
Planar Systems, Inc (NASDAQ:PLNR) decreased -17.06%, and closed at $6.37, soon after a global leader in display and digital signage technology, declared it will feature new transparent OLED technology this month at Integrated Systems Europe (ISE) 2015. The 55” prototype at ISE 2015 will utilize breakthrough Organic Light Emitting Diode (OLED) technology to improve the transparency of see-through displays, creating new opportunities for experience design while overcoming a major hurdle to transparent display adoption.
Planar Systems, (PLNR) is a global leader in display and digital signage technology, providing premier solutions for the world’s most demanding environments. Retailers, educational institutions, government agencies, businesses, utilities and energy firms, and home theater enthusiasts all depend on Planar to provide superior performance when image experience is of the highest importance.
IAC/InterActiveCorp (NASDAQ:IACI) dropped -6.34%, and closed at $60.00, after the news that The Daily Beast, based in New York and is an operating business of IAC (IACI), declared the selection of Bill McGarry as the online news organization’s chief income officer effective February 23. McGarry joins The Daily Beast at a time of noteworthy growth. In Q4 2014, unique visitors raised 38% and mobile growth has been particularly strong, ongoing the tremendous momentum seen throughout 2014.
IAC/InterActiveCorp (IACI) operates as a media and Internet company in the United States and internationally. The company operates in five segments: Search & Applications, Match, Local, Media, and Other segments.
Lattice Semiconductor (NASDAQ:LSCC) dropped -9.04%, and closed at $6.54, following Lattice Semiconductor declared its new iCE40 UltraLite™ FPGA, which enables manufacturers to accelerate the time-to-market of new mobile devices that incorporate unique and compelling features. The newest addition to Lattice’s successful iCE40 Ultra™ product family, the iCE40 UltraLite FPGA is the industry’s most compact and lowest power device.
Lattice Semiconductor (LSCC) designs, develops, and markets programmable logic products and related software in Asia, Europe, and the Americas. It offers field programmable gate arrays (FPGAs) and conventional programmable logic devices (PLDs).
