NASDAQ Stocks Tech. Losers were VRSN, QSFT, CNLG
NASDAQ Stock losers by PennyStockPickAlert.com.
(EMAILWIRE.COM, February 04, 2010 ) Verisign, Inc. (NASDAQ:VRSN) went down 0.51% to $23.30 on 19.27 million shares after the company posted a quarterly profit but missed estimates, hurt partly by higher expenses. For the fourth quarter, the company posted net income of $92 million, or 48 cents a share, compared with a loss of $96 million, or 50 cents a share, a year earlier.
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Quest Software, Inc. (NASDAQ:QSFT) plunged 7.55% to $16.05 on 5.43 million shares after the company said Tuesday that its profit for the fourth quarter increased by about 27% over last year, helped by lower operating expenses, which helped to offset a drop in quarterly revenues. Fourth quarter revenues decreased 3.5% to $194.5 million from $201.6 million in the same quarter last year. Ten analysts had a consensus revenue estimate of $187.97 million for the fourth quarter.
Conolog Corporation (NASDAQ:CNLG) decreased 20.11% to $2.98 on 3.84 million shares. The stock hit an intraday high and an intraday low of $3.59 and $2.85 respectively. In the last six months the stock went up over 161%. Conolog Corporation is in the business of design, manufacturing and distribution of small electronic and electromagnetic components and subassemblies for use in telephone, radio and microwave transmissions, and reception and other communication areas.
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Quest Software, Inc. (NASDAQ:QSFT) plunged 7.55% to $16.05 on 5.43 million shares after the company said Tuesday that its profit for the fourth quarter increased by about 27% over last year, helped by lower operating expenses, which helped to offset a drop in quarterly revenues. Fourth quarter revenues decreased 3.5% to $194.5 million from $201.6 million in the same quarter last year. Ten analysts had a consensus revenue estimate of $187.97 million for the fourth quarter.
Conolog Corporation (NASDAQ:CNLG) decreased 20.11% to $2.98 on 3.84 million shares. The stock hit an intraday high and an intraday low of $3.59 and $2.85 respectively. In the last six months the stock went up over 161%. Conolog Corporation is in the business of design, manufacturing and distribution of small electronic and electromagnetic components and subassemblies for use in telephone, radio and microwave transmissions, and reception and other communication areas.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert provides free stock newsletters on various stocks of the day. These alerts help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily stock alerts. We also track NASDAQ Stocks, midcap & smallcap penny stocks. You can become leader in stock market by keeping track of the daily activity.
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Email us
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