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Covisint Corp. (NASDAQ: COVS) shares tumbled 20.64 percent to close at $10.19 a share Friday. The stock traded between $10.08 and $12.70 on volume 861,785 shares traded. The company reported revenues were $24.1 million for the third quarter of fiscal 2014, an increase of just 1.0 percent when compared to a year ago.
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Digi International Inc. (NASDAQ: DGII) shares dropped 15.30 percent to close at $10.24 a share Friday. The stock traded between $10.23 and $10.88 on volume of 499,481 shares traded. The company reported a net income of $0.7 million for the first quarter of fiscal 2014, down from a net income of $1.2 million a year ago. Shares of Digi International have gained approximately 6.0 percent in the past year.
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RiT Technologies Ltd. (NASDAQ: RITT) shares fell 17.29 percent to close at $1.77 a share Friday. The stock traded between $1.73 and $2.00 on volume 1.03 million shares traded. The company recently reported that it has promoted Motti Hania to President and Chief Executive Officer. Shares of RiT Technologies have fallen approximately 45.0 percent in the past year.
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ShoreTel, Inc. (NASDAQ: SHOR) shares declined 11.50 percent to close at $8.31 a share Friday. The stock traded between $8.22 and $8.99 on volume 2.30 million shares traded. The company reported revenues were $84.5 million for the second quarter of fiscal 2014, an increase of 13.0 percent when compared to a year ago. Shares of ShoreTel have gained approximately 70.0 percent in the past year.
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