Nasdaq Stocks Heading Lower Today: NFLX, RFMD, PLCM, TRIP, BWLD, SRPT

Netflix, Inc. (NASDAQ:NFLX) is down 23% this morning at $61.90. NFLX has traded 12.1 million shares so far today, well above its daily average of 4.9 million shares. NFLX shares are tanking today after disappointing quarterly results. The company has a market cap of 3.44 billion.

RF Micro Devices Inc. (NASDAQ:RFMD) is down 18.44% today at $3.50. RFMD has traded 11.02 million shares so far today, nearly 3 times its daily average. RFMD shares are falling today after its guidance for the second quarter comes in weak. RF Micro Devices was also downgraded by Northland Securities and Craig-Hallum today. The company has a market cap of 981.85 million.

Polycom, Inc. (NASDAQ:PLCM) is down 14.98% this morning at $7.75. PLCM has traded 6.4 million shares so far today, double its daily average. Polycom announced earnings yesterday with second quarter results beating estimates, but guidance for the third and fourth quarter missing. The company has a market cap of 1.37 billion.

TripAdvisor Inc. (NASDAQ:TRIP) is down 16.45% this morning at $36.32. TRIP has traded 5.06 million shares so far today, well above its daily average of 2.1 million shares. TRIP shares are down today after revenue misses analyst estimates. The company has a market cap of 4.85 billion.

Buffalo Wild Wings Inc. (NASDAQ:BWLD) is down 10.68% today at $70.47. BWLD has traded 2.6 million shares so far today, 5 times its normal volume. BWLD shares are down today after second quarter results miss expectations. The company has a market cap of 1.31 billion.

Sarepta Therapeutics, Inc. (NASDAQ:SRPT) is down 7.99% today at $7.84. SRPT has traded 1.9 million shares this morning, well above its daily average of 432 thousand shares. SRPT shares are pulling back today after the stock jumped more than 100% on positive drug data. The company has a market cap of 175.57 million.