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Aruba Networks, Inc. (NASDAQ: ARUN) shares declined 2.82 percent to close at $17.57 a share Friday. The stock traded between $16.57 and $18.14 on volume of 6.77 million shares traded. The company reported GAAP net loss grew to $16.3 million for the fourth quarter of fiscal 2013, from a net loss of $3.0 million a year ago. Shares of Aruba Networks have fallen approximately 15.0 percent year-to-date.
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Dendreon Corporation (NASDAQ: DNDN) shares dropped 8.78 percent to close at $2.91 a share Friday The stock traded between $2.84 and $3.08 on volume of 11.20 million shares traded. Deutsche Bank has downgraded the company to “sell” and has lowered its price target to $1.00 from $6.00. Shares of Dendreon have fallen approximately 45.0 percent year-to-date.
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Mentor Graphics Corp. (NASDAQ: MENT) shares spiked 4.60 percent to close at $22.27 a share Friday. The stock traded between $21.96 and $23.60 on volume of 1.53 million shares traded. The company reported revenues were $253.2 million for the fiscal second quarter, an increase of 5 percent when compared to a year ago. Shares of Mentor Graphics have gained approximately 52.0 percent year-to-date.
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Pandora Media Inc. (NYSE: P) shares fell 12.90 percent to close at $18.91 a share Friday. The stock traded between $18.75 and $20.00 on volume of 29.03 million shares traded. The company reported GAAP basic and diluted EPS were ($0.04), based on 175.3 million weighted average shares outstanding, for the second quarter of fiscal 2014. Shares of Pandora Media have gained approximately 30.0 percent year-to-date.
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