Silicon Graphics International Corp. (NASDAQ:SGI) is down 24.09% today at $6.91. SGI has traded 2.5 million shares so far today, 4 times its daily average. SGI shares are tumbling after reporting fiscal third quarter results. Quarterly results were good with revenue up nearly 40% to $199.4 million and EPS of $0.11 per share. What caused shares to fall was fourth quarter guidance. Silicon is expecting fourth quarter revenue to be in the range of $177 million to $197 million and a net loss of $0.37 to $0.52 a share. Analysts were expecting revenue of $208.9 million and $0.16 a share in profit. The company has a market cap of 222.72 million.
Clean Diesel Technologies Inc. (NASDAQ:CDTI) is down 18.64% this morning at $2.88. CDTI has traded 458 thousand shares so far today, well above its daily average of 342 thousand shares. Clean Diesel posted a larger loss than expected in the first quarter causing shares to fall. The company posted a loss of $2.8 million or $0.39 per share. The company has a market cap of 20.64 million.
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) is down 14.04% today at $13.77. AMAG has traded 892 thousand shares so far today, 8 times its average volume. AMAG announced a new CEO yesterday and allows Adage Capital to increase stake to 25%. The company was downgraded by Robert W. Baird to neutral from outperform, and Ladenburg Thalmann to neutral from buy. The company has a market cap of 297.94 million.
Cavium, Inc. (NASDAQ:CAVM) is down 8.30% in early trading at $23.21. CAVM has traded 1.4 million shares so far today, above its daily average of 1.3 million shares. CAVM shares have dropped nearly $3 a share this week. The company has a market cap of 1.15 billion.
Digital Generation, Inc. (NASDAQ:DGIT) is down 12.87% today at $8.80. DGIT has traded 534 thousand shares so far today, above its daily average of 461 thousand shares. Digital Generation reported first quarter results yesterday. The company has a market cap of 241.91 million.
Quality Systems Inc. (NASDAQ:QSII) is down 8.16% today at $29.42. QSII has traded 1.5 million shares so far today, 3 times its daily average. QSII shares have dropped 20% over the past five days. The company has a market cap of 1.76 billion.