Benzinga’s Top Pre-Market Losers (CIEN, CRA, AMLN, SINA, CMTL)
March 04, 2010 9:47 AM
Ciena Corporation (NASDAQ: CIEN) decreased 8.87% to $13.26 in the pre-market session. CIENA Corporation announced that it anticipates second quarter 2010 revenue to be in the range of $185 million to $195 million. According to Reuters Estimates, analysts are expecting CIEN to report revenue of $188 million for the second quarter 2010. The 52-week trading range for CIEN is $5.19 - $16.64. CIEN has gained over 11% in the last six months.
Celera Corporation (NASDAQ: CRA) tumbled 4.56% to $5.86 in the pre-market session. CRA closed at $6.14 in the last trading session. The 52-week trading range for CRA is $5.03 -$8.76. Celera Corporation has declined over 4% in the last six months.
Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) plunged 3.40% to $19.05 in the pre-market session after AMLN was downgraded today by BMO Capital Markets from Market Perform to Underperform. The 52-week trading range for AMLN is $7.89 - $20.46.
SINA Corporation (USA) (NASDAQ: SINA) declined 3.28% to $36.25 in the pre-market session. SINA Corporation announced yesterday that for first quarter of 2010, it expects net revenue to be in the range of $78.0 - $80.0 million. SINA closed at $37.49 in the last trading session. In the last six months, SINA has surged over 23%.
Comtech Telecomm. Corp. (NASDAQ: CMTL) plummeted 11.24% to $29.23 in the pre-market session. Comtech Telecommunications announced that it now expects fiscal 2010 revenue to approximate $740.0 million to $760.0 million and diluted earnings per share (EPS) to approximate $1.85 to $1.95. The 52-week trading range for CMTL is $19.56 - $38.39. CMTL has declined over 2% in the last six months.
