Nasdaq Stocks in the Red: OPNT, NTWK, GALE, JAZZ, VPHM, NTAP

NasdaqOpnet Technologies (NASDAQ:OPNT) is down 13.72% today at $22.95. OPNT has traded 931 thousand shares this morning, 4 times its average volume. OPNT shares are falling after the company lowered its fourth quarter EPS and revenue guidance. The company has a market cap of 518.05 million.

NetSol Technologies, Inc. (NASDAQ:NTWK) is down 4.85% today at $0.4175. NTWK has traded 748 thousand shares so far today and trades averages 854 thousand shares a day. NTWK shares had jumped about $0.06 a share this week before falling today. The company has a market cap of 23.48 million. [Read more...]

After Hours Winners and Losers: NTAP, TSLA, GMCR, HDY, HBI, SKX

NetApp, Inc. (NASDAQ:NTAP) is up 8.05% in after hours trading at $43.09. NTAP closed the day up about 2% at $39.88 with 11.8 million shares traded. NetApp announced third quarter results after market close today. Results were in-line with estimates. The company reported revenue of $1.566 with non-GAAP profits of $0.58. Wall Street was expecting revenue of $1.56 billion with profits of $0.58 per share. For the next quarter, NetApp is expecting revenue of $1.645 billion to $1.68 billion with non-GAAP profits of $0.60 to $0.65 per share. The company has a market cap of 14.30 billion.

Tesla Motors, Inc. (NASDAQ:TSLA) is up 1.64% in after hours trading at $34.15. Tesla announced fourth quarter results a short time ago. Tesla reported a loss of $0.69 per share, analysts were expecting a loss of $0.63 per share. Revenue was $39.4 million, beating estimates of $38.45 million. Tesla is expecting fiscal year 2012 revenue of $550-$600 million, ahead of estimates of $521 million. The company has a market cap of 3.50 billion. [Read more...]

Euro Zone Contagion Builds, Stock Futures Drop. Stocks to Watch: NTAP, RMBS, MU, NG, AMAT

Futures on the Dow Jones Industrial Average (DJ1Z) fell 63 points to 11,782 and those on the Standard & Poor’s 500 stock index (SP1Z) declined 8.5 points to 1,222.50. Nasdaq 100 futures (ND1Z) declined 13 points to 2,300.7.

In Europe, stock markets fell deeper into negative territory in early afternoon trade, with the Stoxx 600 index down 1.8%. The Spanish and French governments conducted debt auctions and saw their borrowing costs rise. Spain’s 10-year-government-bond yields surged to euro-era highs.

Crude Oil for December delivery dropped $2.20 down to $100.39 a barrel in electronic trading on the Globex. Gold for December delivery fell $33.00 to 1,741.30 a troy ounce.

Investors are increasingly worried as the contagion builds in Europe. So far, it has enveloped, Greece, Ireland, Portugal, Italy, Spain, and France seems to be getting the virus today. Both Spain and France struggled with government bond auctions on Thursday. Spain was forced to buy 10- year bonds with the highest borrowing costs it has seen since 1997. France only fared a little better than Spain.

“The euro zone has got to deliver something which is going to calm markets down and at the moment markets feel like they are being given no comfort whatsoever,” said Marc Ostwald, strategist at Monument Securities.

France and Germany have stepped up their war of words which does nothing to help ease the fears of investors worldwide. France wants the European Central Bank to be more heavily involved in the crisis. French banks are heavily exposed to Greek debt. “If politicians think the ECB can solve the euro crisis, then they are mistaken,” German Chancellor Angela Merkel said, adding that even if the European Central Bank assumed a role as a lender of last resort, it would not solve the crisis.

Stocks to watch today include: NetApp Inc. (NASDAQ:NTAP), Rambus Inc. (NASDAQ:RMBS), MIcron Technology, Inc. (NASDAQ:MU), NovaGold Resources Inc. (NYSEAMEX:NG) and Applied Materials, Inc. (NASDAQ:AMAT).

NetApp, Inc. (NASDAQ:NTAP) are down 9.3% in pre-market trading after the company released weak second quarter revenue and third quarter seen below expectations. Earnings came in slightly above expectations at $0.63 per share, but third quarter guidance was below current market estimates. NTAP is currently trading at $36.94 with 215 thousand shares in volume. The company has a current market cap of 15.01 billion.

Rambus, Inc. (NASDAQ:RMBS) is up 4.22% in pre-market trading. Share of RMBS fell sharply late yesterday after the company lost its antitrust case. RMBS fell yesterday from $18 to $5 before closing at $7.11. The stock is currently trading at $7.41 with 590 thousand shares traded. The company has a current market cap of 781.82 million.

Micron Technology Inc. (NASDAQ:MU) is up 1.48% at $6.84 in pre-market trading. Micron rose yesterday after the ruling in an antitrust case involving Micron, Hynix Semiconductor and Rambus. MU has traded over 1 million shares already in pre-market trading. The company has a current market cap of 6.66 billion.

NovaGold Resources Inc. (NYSEAMEX:NG) is down 1.64% at $10.77 in pre-market trading. NG jumped yesterday after the company named a new CEO and named billionaire Thomas Kaplan as Chairman. NG has traded 8 thousand shares in pre-market trading and usually trades 3.4 million shares daily. The company has a current market cap of 2.62 billion.

Applied Materials Inc. (NASDAQ:AMAT) is trading down 2.73% at $12.13 in pre-market trading. AMAT has traded over 100 thousand shares in early trading and usually trades 16 million daily. The company’s forecast first quarter sales and profit fell below analysts’ predictions. The company said revenue will decline as much as 15% from the prior quarter. Applied Materials has a current market cap of 16.43 billion.

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