Morning Market Losers

shares dropped 14.78 percent to $18.86 after the company reported weaker-than-expected earnings for the fiscal first quarter and lowered its forecast for the year.

shares fell 14.01 percent to $1.35. WPCS shares surged yesterday after the company reported that it was awarded $3.0 million in new contracts during the months of July and August 2015.

shares tumbled 10.16 percent to $51.85. Calavo Growers reported Q3 earnings of $0.54 per share on revenue of $232.45 million.

shares dipped 10.23 percent to $34.12 after the company reported downbeat revenue for the second quarter and issued a weak forecast for the current quarter. However, the company reported in-line earnings for the second quarter.

shares fell 7.32 percent to $47.89. Verint reported Q2 adjusted earnings of $0.70 per share. FBR's Daniel H. Ives maintained an Outperform rating on Verint Systems, while lowering the price target from $68 to $63.

shares declined 7.11 percent to $20.89. Ciena reported better-than-expected earnings for its fiscal third quarter, but the company's sales missed analysts' estimates. Ciena named François Locoh-Donou as its senior vice president and chief operating officer.

shares slipped 6.41 percent to $29.51. Catalent reported better-than-expected Q4 results on Wednesday.