Finance

Tech Sector Bearish Stocks: Sunedison Inc (NYSE:SUNE), Plug Power Inc (NASDAQ:PLUG), Castlight Health Inc (NYSE:CSLT), Aviat Networks Inc (NASDAQ:AVNW)

Sunedison Inc (NYSE:SUNE) plunged -6.55% after missing analysts’ expectations for earnings and revenue in the first quarter. For the first quarter SunEdison posted a loss of -25 cents a share, missing the Capital IQ Consensus Estimate of a loss of -17 cents a share by 8 cents. Revenue grew 34% year-over-year to $578 million. Analysts expected revenue of $593.83 million for the quarter. Sunedison Inc (NYSE:SUNE) stock performance was -6.55% in last session and finished the day at $17.11 . The average volume of the stock remained 13.76 million shares. The beta of the stock remained. Sunedison Inc (NYSE:SUNE) insider ownership is 0.10%.

Plug Power Inc. (Nasdaq:PLUG) announced that Central Grocers has placed an order for 182 next-generation GenDrive fuel cell units to operate its electric lift truck fleet in Joliet, IL. In addition, Central Grocers has signed a 5-year GenCare service contract with Plug Power for the GenDrive fleet. Plug Power Inc (NASDAQ:PLUG) dropped -7.85 percent to $ 3.64 on volume of 1.31 million shares. The intra-day range of the stock was $3.62 to $4.06. Plug Power Inc (NASDAQ:PLUG) has a market capitalization of $523.61 million.

Castlight Health, Inc. (NYSE:CSLT) reported first quarter 2014 total revenue was USD8.4m, an increase of 339 percent from the first quarter of 2013. Castlight Health Inc (NYSE:CSLT)’s stock on May 8, 2014 reported a decrease of -11.02% to the closing price of $10.50. Its fifty two weeks range is $10.33 -$41.95. The total market capitalization recorded $1.72 billion. In its share capital, Castlight Health Inc (NYSE:CSLT) has 88.23 million outstanding shares.

Aviat Networks Inc (NASDAQ:AVNW) issued its quarterly earnings data on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.10, StockRatingsNetwork.com reports. The company had revenue of $81.40 million for the quarter, compared to the consensus estimate of $95.87 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. On Thursday, shares of Aviat Networks Inc (NASDAQ:AVNW) dropped -8.26% to close the day at $1.00. Company return on investment (ROI) is -7.30% and its monthly performance is recorded as -31.51%. Quarterly revenue growth is -47.37%.