Morning Market Losers

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Aerie Pharmaceuticals IncAERI
shares dipped 57.08 percent to $15.19 following an announcement of a failed Phase 3 drug trial for Rhopressa. Canaccord Genuity downgraded Aerie Pharmaceuticals from Buy to Hold and lowered the price target from $40.00 to $12.00.
American Superconductor CorporationAMSC
shares fell 31.10 percent to $6.89 after the company priced 4 million shares at $6 per share and reported preliminary Q4 sales of $24 million to $25 million.
Maxwell Technologies Inc. MXWL
dropped 15.04 percent to $6.10 after the company reported a Q1 loss of $9.3 million. Canaccord Genuity downgraded Maxwell Technologies from Buy to Hold and lowered the price target from $9.00 to $7.00.
Spectranetics Corp SPNC
shares declined 13.63 percent to $29.97. Spectranetics reported Q1 adjusted loss of $0.30 per share on revenue of $57.4 million.
HomeAway, Inc. AWAY
slipped 13.41 percent to $27.85. Homeaway reported a Q1 loss of $0.02 per share on revenue of $119.028 million. Raymond James downgraded HomeAway from Strong Buy to Outperform.
Emerge Energy Services LPEMES
declined 9.25 percent to $45.92 after the company lowered its quarterly distribution by 29 percent to $1.00 per unit from $1.41 per unit.
Ubiquiti Networks Inc
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UBNT
shares dropped 8.02 percent to $28.91 after the company announced the resignation of its CFO Craig Foster and reported weak preliminary Q3 results. BMO Capital downgraded Ubiquiti Networks from Outperform to Market Perform and lowered the price target from $34.00 to $26.00.
Mattson Technology, Inc. MTSN
slipped 7.73 percent to $3.46. Mattson Technology reported Q1 earnings of $6.3 million.
Ethan Allen Interiors Inc. ETH
fell 7.20 percent to $24.50. Ethan Allen reported Q3 adjusted earnings of $0.18 per share on revenue of $173.3 million. Sidoti & Co. downgraded Ethan Allen Interiors from Buy to Neutral.
Pandora Media Inc P
dropped 1.92 percent to $17.37 after the company reported results for the first quarter. The company reported a quarterly loss of $48.3 million, or $0.23 per share, versus a year-ago loss of $28.9 million, or $0.14 per share. Its adjusted loss came in at $0.12 per share.
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