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Dot Hill Systems Corp. (NASDAQ: HILL) shares dropped 14.09 percent to close at $5.12 a share Thursday. The stock traded between $4.51 and $5.50 on volume 5.71 million shares traded. The company announced that non-GAAP net revenue and fully diluted earnings per share for the first quarter of 2014 are expected to be in the range of $47 million to $50 million and $0.00 to $0.01, respectively. Shares of Dot Hill Systems are up approximately 50.0 percent year-to-date.
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Spark Networks Inc. (NYSEMKT: LOV) shares fell 18.96 percent to close at $4.66 a share Thursday. The stock traded between $4.30 and $4.85 on volume of 2.53 million shares traded. Canaccord Genuity analysts have recently downgraded the company’s rating to “hold” from “buy”. Shares of Spark Networks are down approximately 25.0 percent year-to-date.
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Verso Paper Corp. (NYSE: VRS) shares tumbled 14.84 percent to close at $2.41 a share Thursday. The stock traded between $2.41 and $2.90 on volume of 801,013 shares traded. The company reported revenues were $350.4 million for the fourth quarter of 2013, a decrease of 2.9 percent when compared to a year ago. David Paterson, President and CEO, stated that due to market conditions results for the first quarter of 2014 could be “significantly below last year's first quarter.”
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Zogenix, Inc. (NASDAQ: ZGNX) shares decreased 14.48 percent to close at $3.84 a share Thursday. The stock traded between $3.77 and $4.55 on volume 9.37 million shares traded. The company reported a net loss of $35.6 million, or $0.28 per share, for the fourth quarter of 2013, up from a net loss of $0.6 million, or $0.01 per share, a year ago. Shares of Zogenix are up approximately 12.0 percent year-to-date.
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