Morning Market Losers
Fortinet Inc (NASDAQ: FTNT) shares dipped 17.80% to $17.96. Analysts at Morgan Stanley, Wells Fargo and Needham downgraded Fortinet following the company's negative March quarter preannouncement.
Affymax, Inc (NASDAQ: AFFY) shares dropped 12.88% to $0.98 after the company announced that they are considering all alternatives including bankruptcy proceedings.
Sunshine Heart Inc (NASDAQ: SSH) shares fell 12.15% to $5.28 after the company announced the proposed public offering of common shares.
SemiLEDs Corporation (NASDAQ: LEDS) shares dropped 10.49% to $1.28 after SEmiLEDs Corporation released their disappointing Q2 earnings during pre-market hours.
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