Stocks In The Red In Midday Trading for 12/21: CVLT, ZAGG, FTNT, INFA, VMW
CommVault Systems, Inc. (NASDAQ:CVLT) is down 16.21% today at $38.81. CVLT has traded 2.1 million shares so far today, 4 times its daily average. CommVault Systems has a market cap of 1.70 billion.
ZAGG Inc. (NASDAQ:ZAGG) is down 6.58% in midday trading at $7.81. ZAGG has traded 2.8 million shares so far today, three times its daily average. ZAGG is down today despite raising FY11 revenue guidance. Company expects revenue higher than $175 million versus the $170 million it previously had for guidance. ZAGG Inc. has a market cap of 223.74 million.
Fortinet Inc. (NASDAQ:FTNT) is down 12.27% today at $18.74. FTNT has traded 3.2 million shares so far today, well above its daily average of 2.3 million shares. Oracle missing its earnings this morning has caused tech stocks to have a sell off as well today. The company has a market cap of 2.87 billion.
Informatica Corporation (NASDAQ:INFA) is down 10.22% in midday trading at $36.82. INFA has traded 2.4 million shares so far today, more than a million more shares than its daily average. Informatica has a market cap of 3.88 billion.
VMware Inc. (NYSE:VMW) is down 10.09% today at $76.71. VMW has traded 4.1 million shares so far today, more than twice its daily average. VMW is another tech company selling off following Oracle’s earnings report. The company has a market cap of 32.38 billion.
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