Stocks Hitting 52-Week Lows
CommVault Systems (NASDAQ: CVLT) shares fell 29.24% to reach a new 52-week low of $48.53 after the company reported downbeat quarterly revenue. CommVault reported earnings of $0.52 per share on revenue of $156.80 million. However, analysts were expecting a profit of $0.47 per share on revenue of $160.16 million.
Cytokinetics (NASDAQ: CYTK) shares tumbled 60.19% to touch a new 52-week low of $5.17 on failed BENEFIT-ALS trial result.
Electro Scientific Industries (NASDAQ: ESIO) shares tumbled 1.89% to touch a new 52-week low of $8.81. Electro Scientific shares have dropped 14.96% over the past 52 weeks, while the S&P 500 index has gained 18.73% in the same period.
Rackspace Hosting (NYSE: RAX) shares fell 3.31% to reach a new 52-week low of $29.25. Rackspace® Hosting is expected to announce its Q1 financial results on May 12, 2014.
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