Tech Bearish Stocks; Aruba Networks, Inc. (NASDAQ:ARUN), Voltari Corp (NASDAQ:VLTC), RiT Technologies Ltd. (NASDAQ:RITT), PC Tel Inc (NASDAQ:PCTI)



Aruba Networks Inc. (NASDAQ:ARUN) reported third quarter non-GAAP EPS of $0.20 after the bell Thursday, compared to $0.11 in the prior year period. The consensus estimate was for EPS of $0.20. Aruba Networks gapped open sharply lower Friday morning and is now down 2.89 at $17.17 on above average volume. The stock has dropped to a 5-month low. Aruba Networks, Inc. (NASDAQ:ARUN) stock performance was -10.82% in last session and finished the day at $17.89. Traded volume was 14.10million shares in the last session and the average volume of the stock remained 1.77million shares. The beta of the stock remained 1.49. Aruba Networks, Inc. (NASDAQ:ARUN) insider ownership is 0.70%.

Voltari Corporation delivers merchandising, digital marketing and advertising solutions, primarily over smartphones and other mobile devices. Voltari Corp (NASDAQ:VLTC) dropped -9.13 percent to $2.19 Friday on volume of 51,063.00million shares. The intra-day range of the stock was $2.09 to $2.40. Voltari Corp (NASDAQ:VLTC) has a market capitalization of $10.29million.

RiT Technologies Ltd (NASDAQCM:RITT), on 15 May 2014 announced its unaudited financial results for the first quarter ended March 31, 2014. Revenues for the first quarter of 2014 increased by 13.84% to $2.0 million, compared to $1.8 million for the first quarter of 2013. Gross margin for the period improved 400 basis points to 40%, compared to 36% in the first quarter of 2013. Net loss for the first quarter of 2014 (including $222,000 in stock-based compensation expenses) was $1.9 million, or $0.15 per (basic and diluted) share, compared with a net loss of $2.9 million, or $0.37 per (basic and diluted) share in the first quarter of 2013 (including $545,000 in stock-based compensation expenses). RiT Technologies Ltd. (NASDAQ:RITT)’s stock on May 23, 2014 reported a decrease of -5.56% to the closing price of $1.53. Its fifty two weeks range is $1.35 -$4.40. The total market capitalization recorded $19.58million. The overall volume in the last trading session was 152,719.00million shares. In its share capital, RITT has 14.63million outstanding shares.

PC TEL, Inc. (NASDAQ:PCTI), a leader in simplifying wireless and site solutions for private and public networks, announced on 20 May 2014 at Cisco Live! the release of two new directional antennas: the 2.4 GHz and 5 GHz Enclosed Yagi MIMO Antennas for long range broadband wireless access applications. The new yagis provide high-speed directional WiFi coverage and optimized data throughput in a rugged, low profile housing. On Friday, shares of PC Tel Inc (NASDAQ:PCTI) dropped -5.77% to close the day at $7.18. Company return on investment (ROI) is -1.80% and its monthly performance is recorded as -14.52%. PC Tel Inc (NASDAQ:PCTI) quarterly revenue growth is -13.91%.

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