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.  
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