BSFT, CTSH, PETS, CLWR, SQNM, FCEL Are Nasdaq Stocks Dipping Right Now

NASDAQ Screen at Times SquareBroadSoft, Inc. (NASDAQ:BSFT) is down 19.91% this morning at $32.75. BSFT is seeing a big uptick in volume today with 1.7 million shares traded, 3 times its average. BroadSoft reported a beat on first quarter earnings, but guidance fell below estimates causing shares to slip. The company has a market cap of 886.45 million.

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Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is down 17.76% today at $57.34. CTSH shares are taking a hit today after lowering its 2012 guidance. CTSH has traded nearly 18 million shares this morning, 9 times its daily average. The company has a market cap of 17.31 billion. [Read more...]

Insiders Trading Report for March 29

Traders at the NYSEYesterday’s whipsawing action on the domestic markets may be a sign of a slow down looming. Europe is looking like it wants to turn its sovereign debt crisis into a never ending mini-series. The Dow managed to recover all of its losses on the day and closed up 19 points. The Nasdaq and S&P remained in negative territory, dropping 10 and 2 points respectively.

Jobless data yesterday was massaged by revisions to make it appear as a drop in claims. The print from the week previous was revised upwards to 364k. Created a better looking headline of a 5k drop in claims. Will be interesting to see when earnings season starts anew in the coming weeks, plus the late April Fed meeting. [Read more...]

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