Tech Losers: Rally Software Development Corp (NYSE:RALY), Smith Micro Software (NASDAQ:SMSI), Finjan Holdings (NASDAQ:FNJN), ANADIGICS (NASDAQ:ANAD), SeaChange International (NASDAQ:SEAC)

Technology Stocks News 15

Shares of Boulder-based Rally Software Development Corp. (NYSE:RALY) sunk by more than 20 percent in after-hours trading after the software services firm’s first-quarter revenue was below expectations. During the quarter that ended on April 30, Rally’s first quarter of its 2015 fiscal year, Rally lost $8.48 million, or 34 cents per share, on revenue of $19.43 million. In the year-ago quarter, Rally posted a loss of $5.79 million, or 98 cents per share, on revenue of $16.05 million. Rally Software Development Corp (NYSE:RALY) stock performance was -28.72% in last session and finished the day at $8.71. Traded volume was 8.39million shares in the last session and the average volume of the stock remained 336.61K shares. Rally Software Development Corp (NYSE:RALY) insider ownership is 3.10%.

TheStreet Ratings team rates Smith Micro Software, Inc. (NASDAQ:SMSI) as a Sell with a ratings score of D-. Smith Micro Software, Inc. (NASDAQ:SMSI) dropped -19.71 percent to $0.851 Friday on volume of 1.77million shares. The intra-day range of the stock was $0.85 to $1.08. Smith Micro Software, Inc. (NASDAQ:SMSI) has a market capitalization of $32.82million.

Finjan Holdings, Inc. (NASDAQ:FNJN), a technology company committed to enabling innovation through the licensing of its intellectual property, on 19 May 2014 provided an update on its continued progress in executing its strategy. This strategy focuses on the Company’s global intellectual property licensing and enforcement activities, related to proprietary technologies that help protect end-users from online threats. Finjan Holdings, Inc. (NASDAQ:FNJN)’s stock on June 06, 2014 reported a decrease of -10.24% to the closing price of $4.12. Its fifty two weeks range is $4.01 -$15.96. The total market capitalization recorded $92.16million. The overall volume in the last trading session was 43,977.00million shares. In its share capital, FNJN has 22.38million outstanding shares.

ANADIGICS, Inc. (NASDAQ:ANAD) was a big mover last session, as the company saw its shares rise by over 19% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.03 to $1.23 in the past one-month time frame. On Friday, shares of ANADIGICS, Inc. (NASDAQ:ANAD) dropped -7.46% to close the day at $1.24. Company return on investment (ROI) is -71.40% and its monthly performance is recorded as 20.39%. ANADIGICS, Inc. (NASDAQ:ANAD) quarterly revenue growth is -33.69%.

Acton multiscreen video software maker SeaChange International (NASDAQ:SEAC) slumped after revenue for fiscal 2015’s first quarter fell 32 percent to $24.3 million, from $35.6 million last year. Analysts had estimated revenue of $30.57 million. CEO Raghu Rau said short-term challenges for the company include declines in legacy product revenues and continuing delays in receiving customer acceptances for new products. SeaChange International (NASDAQ:SEAC) stock performance was -6.99% in last session and finished the day at $8.65. Traded volume was 1.05million shares in the last session and the average volume of the stock remained 249.60K shares. The beta of the stock remained 0.74. SeaChange International (NASDAQ:SEAC) insider ownership is 2.30%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone