(EMAILWIRE.COM, September 03, 2010 ) New York, NY-Sycamore Networks, Inc. (NASDAQ:SCMR) soared 21.06% to $26.90 on over 2.59 million shares. The company reported that it swung to a fiscal fourth-quarter net income of $0.52 million, or 2 cents per share, from a loss of $34.93 million, or $1.23 per share, in the prior-year quarter. On an adjusted basis, the company earned 5 cents per share in the latest quarter. Revenue increased to $22.23 million from $17.24 million.

Analysts, on average, expected the company to post a loss of 9 cents per share on revenue of $15.00 million.

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Orexigen Therapeutics, Inc. (NASDAQ:OREX) jumped 18.52% to $5.44 on over 8.33 million shares. Orexigen Therapeutics Inc said it sold the North American marketing rights for its experimental weight-loss drug, Contrave, to Japan's Takeda Pharmaceutical Co Ltd in a deal that could be worth more than $1 billion. Under the Orexigen partnership, Takeda will market Contrave in the United States, Mexico and Canada.

Collective Brands Inc. (NYSE:PSS) plunged 9.08% to $12.51 on over 4.98 million shares after it created its new 52-week low of $12.41. The company said Wednesday that its second-quarter net income climbed to $21.1 million, or 32 cents per share, from $18.7 million, or 29 cents per share, in the comparable quarter last year. Revenue grew 0.6% to $841.3 million from $836.3 million.

Analysts, on average, expected the company to report earnings of 46 cents per share on revenue of $863.27 million.

Hovnanian Enterprises, Inc. (NYSE:HOV) gained 5.43% to $3.88 on over 3.67 million shares. The company on Wednesday reported bigger than expected fiscal third-quarter loss as sales declined due to the expiration of the federal homebuyers' tax credit. Net loss was $72.9 million, or 92 cents a share, compared with a loss of $148 million, or $2.61 a share, in the year-ago quarter.

Analysts, on average, expected the company to post a loss of 52 cents per share on revenue of $385.96 million.

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