Midday movers: Seagate, LaCrosse, Informatica

Stocks dip after disappointing June jobs report.

By MSN Money Partner Jul 6, 2012 12:29PM
Information provided by Theflyonthewall.com

Seagate Technology (STX) warned it would miss fourth-quarter revenue expectations, citing a failure to capture market share and an issue with a component supplier that the company called "isolated." 

The warning prompted a downgrade of the stock at RW Baird, along with a price target cut at FBN Securities, as well as price target cuts to peer Western Digital (WDC) from CLSA and Baird. Seagate shares fell 3.27% near noon while Western Digital shares slipped 1.24%.  

Among the notable gainers Friday are LaCrosse Footwear (BOOT), up 81%, after being acquired by Japanese shoe store operator ABC-MART, and Xyratex (XRTX), up about 9%, after its earnings beat expectations. 

Among the noteworthy losers are Informatica (INFA), down 30%, and Acme Packet (APKT), down 15%, after both issued warnings that their upcoming quarterly results will be worse than expected.  
0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

120
120 rated 1
268
268 rated 2
439
439 rated 3
709
709 rated 4
641
641 rated 5
609
609 rated 6
640
640 rated 7
516
516 rated 8
272
272 rated 9
152
152 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
TAT&T Inc9
VZVERIZON COMMUNICATIONS8
CTLCENTURYLINK Inc8
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.