The top pre-market NASDAQ stock market gainers are: Limelight Networks, Insight Enterprises, Spectrum Pharmaceuticals, DG FastChannel, and Mercer International. The top pre-market NASDAQ stock market losers are: Microvision, Anika Therapeutics, Ultra Clean Holdings, Cynosure, and Sirius XM Radio.

Gainers

Limelight Networks, Inc. (LLNW) stock jumped 25.54 percent to $8.11 in the pre-market trading, as its fourth quarter earnings and revenue exceeded Street view. Loss narrowed to $6.35 million or 6 cents a share from $9.73 million or 11 cents a share last year. Adjusted earnings were 1 cent a share. Revenue grew 64 percent to $55.2 million. Analysts had expected breakeven a share on revenue of $53.32 million.

Limelight expects first quarter revenue of $48.0 million to $49.5 million, while Street predicts $48.20 million. The company anticipates full year revenue to increase 15 percent to 20 percent over 2010 reported revenue of $183.3 million, while Street predicts $212.85 million on revenue growth of $17.30 percent.

Shares of Insight Enterprises Inc. (NSIT) climbed 19.10 percent to $17.40 in the pre-market trading, as it guided fiscal 2011 earnings above Street view. The company expects fiscal 2011 earnings of $1.70 to $1.80 a share, while Street predicts $1.67 a share. The company also posted fourth quarter earnings of $24.97 million or 53 cents a share, up from $17.4 million or 37 cents a share last year. Sales rose 14 percent to $1.34 billion. Analysts had expected profit of 43 cents a share on revenue of $1.35 billion for the fourth quarter.

Spectrum Pharmaceuticals, Inc. (SPPI) stock grew 10.68 percent to $7.15 in the pre-market trading, as its fourth quarter preliminary revenue exceeded Street view. The company posted its fourth quarter preliminary revenue in excess of $33 million and preliminary product revenue in excess of $30 million, while Street predicts $16.25 million. The company also posted its fiscal 2010 preliminary revenue in excess of $73 million and preliminary product revenue in excess of $60 million, while Street predicts $56.41 million.

Shares of DG FastChannel Inc. (DGIT) gained 8.31 percent to $33.11 in the pre-market session, as its fourth quarter earnings exceeded Street view. Profit was $14.63 million or 51 cents a share, up from $9.96 million or 40 cents a share last year. Adjusted profit was $38.02 million or 76 cents a share, up from $25.82 million or 49 cents a share last year. Revenue rose to $76.09 million from $57.48 million. Analysts had expected profit of 45 cents a share on revenue of $68.70 million.

Mercer International Inc. (MERC) stock grew 5.44 percent to $12.60 in the pre-market session, as its fourth quarter profit exceeded Street view on higher pulp prices. Earnings were 35.3 million euros ($48 million) or 63 euro cents a share, up from 2.7 million euros or 6 euro cents a share last year, while Thomson Reuters analysts predict 47 euro cents a share. Pulp revenue rose 50 percent to 232.2 million euros, while energy revenue rose to 13.4 million euros from 9.8 million euros.

Losers

Microvision, Inc. (MVIS) stock plunged 20.51 percent to $1.86 in the pre-market trading, following its wider-than-expected fourth quarter preliminary loss. The company expects fourth quarter loss of 16 cents to 17 cents a share and revenue of $683,000, while Street predicts a loss of 11 cents a share on revenue of $2.73 million. The company projects fiscal 2010 loss of 52 cents to 53 cents a share and revenue of $4.7 million, while Street predicts a loss of 46 cents a share on revenue of $6.77 million.

Shares of Anika Therapeutics Inc. (ANIK) plummeted 13.34 percent to $8.25 in the pre-market trading.

Shares of Ultra Clean Holdings Inc. (UCTT) slid 11.91 percent to $11.61 in the pre-market session, as its first quarter earnings guidance missed Street view. The cmopany anticipates first quarter earnings of 19 cents to 23 cents a share and revenue of $119 million to $124 million, while Street predicts profit of 25 cents a share on revenue of $113.70 million.

Ultra Clean reported fourth quarter profit was $3.9 million or 17 cents a share, up from $2.5 million or 11 cents a share last year. The latest quarter results included one-time employment related cash charges of $400,000. Revenue grew 65.3 percent to $120.3 million. Analysts had expected profit of 23 cents a share on revenue of $113.07 million.

Cynosure, Inc. (CYNO) stock lost 7.95 percent to $11 in the pre-market trading, following its wider-than-expected fourth quarter loss. Loss narrowed to $798,000 or 6 cents a share from $14.50 million or $1.14 a share last year. Revenue rose to $22.34 million from $19.26 million. Analysts had expected a loss of 3 cents a share on revenue of $21.89 million.

Sirius XM Radio Inc. (SIRI) stock declined 6.01 percent to $1.72 in the pre-market trading, as it guided 2011 revenue below Street view. The company expects 2011 revenue of about $3 billion, while Street predicts $3.09 billion.

The company posted fourth quarter loss of $81.4 million or 2 cents a share, compared to profit of $11.8 million or breakeven a share last year. Adjusted profit was $64 million, up from $18 million. Revenue grew 9 percent to $735.9 million. Analysts had expected breakeven a share on revenue of $739.18 million.

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