Technology Sector Review: Winning and Losing Stocks

Wall St. Watchdog reveals information about today’s action in the Technology (NYSE:XLK) sector:

Gainers (% price change)

  • Rediff.com India Ltd (NASDAQ:REDF): The shares closed at $7.25, up $0.97, or 15.45%, on the day. Its market capitalization is $423.86 million. About the company: Rediff.com India Limited offers Internet destinations focused on India and the global Indian community. The Company’s Web site consists of various interest specific channels, community features, local language editions, search capabilities, and online shopping.
  • AuthenTec, Inc. (NASDAQ:AUTH): The shares closed at $3.79, up $0.47, or 14.16%, on the day. Its market capitalization is $166.03 million. About the company: AuthenTec, Inc. manufactures fingerprint authentication sensors. The Company produces sensors for personal computers, wireless devices, and building security.
  • China Techfaith Wireless (NASDAQ:CNTF): The shares closed at $2.11, up $0.25, or 13.44%, on the day. Its market capitalization is $111.69 million. About the company: China Techfaith Wireless Communication Technology Limited designs mobile handsets and develops smart phones. The Company serves Chinese and international mobile handset brand owners.
  • ION Geophysical Corp. (NYSE:IO): The shares closed at $6.80, up $0.6, or 9.68%, on the day. Its market capitalization is $1.05 billion. About the company: ION Geophysical Corporation provides geophysical technology, services, and solutions for the global oil and gas industry.
  • Cypress Semicond. Corp. (NASDAQ:CY): The shares closed at $10.56, up $0.86, or 8.87%, on the day. Its market capitalization is $1.64 billion. About the company: Cypress Semiconductor Corporation designs, develops, manufactures, and markets a line of digital and mixed-signal integrated circuits. The Company’s circuits are used in the data communications, telecommunications, computers, and instrumentation systems markets. Cypress’ products are marketed worldwide through a network of sales offices, distributors, and sales representative firm.

Losers (% price change)

  • OPNET Technologies, Inc. (NASDAQ:OPNT): The shares closed at $37.81, down $2.7, or 6.67%, on the day. Its market capitalization is $848.43 million. About the company: OPNET Technologies, Inc. provides software products and related services for managing applications and networks. The Company’s products are used for application performance management; network planning; engineering and operations; and network research and development. OPNET’s customers include corporate enterprises; government and defense agencies; and net work providers.
  • First Solar, Inc. (NASDAQ:FSLR): The shares closed at $55.91, down $3.87, or 6.47%, on the day. Its market capitalization is $4.83 billion. About the company: First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.
  • Rimage Corporation (NASDAQ:RIMG): The shares closed at $10.83, down $0.67, or 5.83%, on the day. Its market capitalization is $102.56 million. About the company: Rimage Corporation designs, manufactures, and markets CD recordable (CD-R) and computer diskette duplication and production equipment. The Company provides high volume data duplication services on tape, diskette, CD-R, and CD-ROM. Rimage markets its products under The Perfect Image brand name.
  • Patni Computer Systems (NYSE:PTI): The shares closed at $11.65, down $0.57, or 4.66%, on the day. Its market capitalization is $776.93 million. About the company: Patni Computer Systems Ltd develops software and provides information technology services and business solutions. The Company maintains application development projects, across all major software platforms and environments.
  • Arrow Electronics, Inc. (NYSE:ARW): The shares closed at $30.22, down $1.45, or 4.58%, on the day. Its market capitalization is $3.47 billion. About the company: Arrow Electronics, Inc. distributes electronic components and computer products to industrial and commercial customers. The Company distributes a variety of products including computer systems, peripherals, software, and mass storage products to original equipment manufacturers and commercial customers worldwide.

(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>