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Analogic Corporation (NASDAQ: ALOG) shares dropped 15.77 percent to close at $81.33 a share Friday. The stock traded between $77.03 and $88.19 on volume of 1.34 million shares traded. The company reported revenues were $141.4 million for the fourth quarter of 2013, which fell short of analysts’ estimates of $151.71 million, according to Thomson Reuters. Shares of Analogic are down approximately 8.0 percent year-to-date.
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FireEye Inc. (NASDAQ: FEYE) shares fell 9.50 percent to close at $81.04 a share Friday. The stock traded between $80.41 and $84.40 on volume 17.91 million shares traded. The company announced the pricing of its follow-on offering of 14.0 million shares of its common stock at a price of $82.00 a share. Shares of FireEye are up approximately 85.0 percent year-to-date.
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Finisar Corporation (NASDAQ: FNSR) shares gained 0.25 percent to close at $23.96 a share Friday. The stock traded between $23.01 and $24.80 on volume of 7.18 million shares traded. The company reported revenues were a record $294.0 million for the third quarter of fiscal 2014, an increase of 23.4 percent when compared to a year ago. Shares of Finisar are up approximately 65.0 percent in the past year.
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Progress Software Corporation (NASDAQ: PRGS) shares dropped 11.31 percent to close at $22.51 a share Friday. The stock traded between $22.39 and $23.10 on volume 1.04 million shares traded. The company announced that it now expects earnings per share to be $0.27 to $0.28 for the first quarter of fiscal 2014, down from its previous guidance of $0.29 to $0.31. Shares of Progress Software are down approximately 13.0 percent year-to-date.
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www.FiveStarEquities.com/PRGS
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