Nasdaq Stock Market Stories
ICT Shares Plunge on Slashed Outlook
Shares in ICT Group Inc., dropped sharply on Friday after the company lowered its profit expectations for first quarter and the full-year 2007.
Dendreon Skyrockets After Favorable FDA Ruling
The Food and Drug Administration said on Thursday that Dendreon's (Nasdaq: DNDN) prostate cancer treatment was safe and effective, sending shares skyrocketing on Friday trading.
UTi Tumbles on Missed Expectations
Shares in logistics firm UTi Worldwide Inc. (Nasdaq: UTIW) tumbled Thursday after the logistics firm reported that it’s earnings four the fiscal fourth quarter were short of expectations.
Targeted Genetics Beats Expectations, Shares Rally
Shares of biotech firm Targeted Genetics Corp. (Nasdaq: TGEN) shot up Thursday it announced that fourth quarter revenues more than doubled.
AngioDynamics Shares Drop on Weak Earnings
Therapeutic device maker AngioDynamics (NASDAQ: ANGO), posted weaker than expected earnings on Wednesday, sending shares of the firm plummeting.
Nuvelo Rallies on Drug's ‘Fast-Track' Status
Shares of Nuvelo, Inc. (Nasdaq: NUVO) skyrocketed on Tuesday following news that drug maker's cancer drug was granted 'fast-track' status by the U.S. Food and Drug Administration.
CBRL Shares Drop After Weaker Winter Sales
CBRL Group, Inc. shares were down significantly on Tuesday after it reported poor March sales due to bad winter weather at its Cracker Barrel Old Country Store restaurants and gift shops.
Vonage Shares Drop on Citi 'Sell' Dowgrade
Shares of Internet telephony company Vonage Holdings Group (NASDAQ: VG) tumbled this morning following a downgrade from Citigroup.
Biosite Shares Soar on Beckman Coulter Acquistion
Shares of heart Biosite Inc. (Nasdaq: BSTE) skyrocketed more than 50 percent on Monday after biomedical lab instrument maker Beckman Coulter Inc. (NYSE: BEC) said it would acquire the firm for $1.55 billion.
Dell Rallies on Upgrade
Shares of computer maker Dell (Nasdaq: DELL) rallied today after investment bank Goldman Sachs upgraded the firm from to a buy rating from its previous neutral rating.
Rambus Rallies on FTC Stay
Shares of memory technology maker Rambus (NASDAQ: RMBS) soared on Tuesday after anti-trust authorities delayed an order to that would have required the company cut royalty rates on its key patents.
Jetblues: Carrier Lowers Outlook after Storm
JetBlue Airways Corp. said Wednesday that it expects its operations will post a loss for the current quarter due to service disruptions which took place during last week's ice storm in New York.
Apple Rallies on Strong March Outlook
Apple Inc. (Nasdaq: AAPL) rallied on Wednesday after Prudential Equity Group raised its earnings estimate for the firm's current quarter, expecting strong computer sales as well as cheaper parts.
Microsoft Shares Fall after Vista Warning
Shares of software giant Microsoft (NASDAQ: MSFT) fell on Friday after Chief Executive Steve Ballmer, said analysts' revenue predictions for Windows Vista were a 'little overly optimistic.'
Tech Sector Moves Up on Cisco Earnings; Infineon Among Top Movers
A strong quarterly report by network equipment maker Cisco Systems (NASDAQ: CSCO) provided strength in the technology sector Wednesday, and German chipmaker Infineon's (NASDAQ: IFX) deal with Nokia made it one the top tech movers of the day.
Infineon Shares Rise on Nokia Deal
Shares of Infineon Technologies AG (Nasdaq: IFX) rose over 11 percent on Wednesday after the German chip maker announced a deal with Nokia.