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TROW, APKT, PCAR, BIIB, ESRX – Downturn of Stocks at NASDAQ

T. Rowe Price Group, Inc. NASDAQ:TROW opened at $68.90 and with a fall of 3.26% closed at $65.85. Company’s fifty days average price is $62.64 whereas it has a market capitalization $16.89 billion.The total of 2.83 million shares was transacted over last trading day.   Acme Packet, Inc. NASDAQ:APKT opened at $56.30 and with a [...]

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APKT Plunges 18% – Cuts Q4 View on Telco Issues

Shares of networking equipment vendor Acme Packet (APKT) were halted just before the company announced its Q4 results will fall short of prior expectations as a result of “uncertainty” among its telco customers in North America. Acme now sees 2011 revenue in a range of $308 million to $310 million, down from the prior range [...]

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Deutsche Bank Reduces Acme Packet To ‘Hold’ On Near-Term Caution

Deutsche Bank (DB) slashed its rating and price target on Acme Packet Inc. (NASDAQ: APKT) on near-term caution after the networking equipment maker cut its full-year forecast. The company now sees non-GAAP earnings per share of $1.03 to $1.05 on revenue between $308 million and $310 million for 2011. DB analyst Brian Modoff moved down [...]