Staples, Inc. (SPLS), one of the hot stocks today, saw its stock price plunging 14.60%, or $1.97, to end at $11.49, on volume of 93.87 million shares, more than ten times its average daily volume of 9.65 million shares.
The plunge was after the office products company reported a decline in quarterly earnings, falling short of the market estimate, given sluggish trends in North America and ongoing weakness in Europe and Australia. Staples also issued guidance for fiscal 2012 lower than the average analyst estimate.
Cisco Systems, Inc. (CSCO) stock price edged up 1.05%, or $0.18, to close at $17.35, on volume of 63.14 million, higher than its average daily volume of 40.21 million share; the large volume made it one of the hot stocks today. The Internet protocol (IP)-based networking and other products provider reported its fiscal fourth quarter EPS of 47 cents, 2 cents higher than the average analyst estimate. Revenue also increased by $0.5 billion to $11.7 billion from a year ago. CSCO stock price moved up 5.53% in the after-hours trading session.
Computer Sciences Corporation (CSC) stock price closed flat with the prior day’s closing price of $31.34, on volume of 2.14 million shares, above its average daily volume of 1.85 million shares. The information technology (IT) and professional services company recently issued better-than-expected EPS and revenue for the quarter ended June 29 (Q1).
Energy XXI (Bermuda) Limited (EXXI) stock price gained 2.45%, or $0.82, to finish at $34.31, on volume of 1.23 million, above its average daily volume of 968,368 shares. The oil and natural gas exploration and production company last week declared quarterly dividends on both its preferred and common stock. The company also reported EPS beating consensus estimate and revenue in line with the average analyst expectation.
NetApp Inc. (NTAP) stock price moved up 1.04%, or $0.33, to end at $31.75, on volume of 12.67 million shares, more than double its average daily volume of 5.92 million shares. The network firm reported its better-than-expected the first fiscal quarter PES and guidance for the second fiscal quarter beating the average analyst expectation.
JDS Uniphase Corporation (JDSU) stock price soared 5.24%, or $0.88, to report at $11.56, on volume of 19.37 million shares, more than triple its average daily volume of 5.75 million shares, making it one of the hot stocks today. The communications test and measurement solutions and optical products provider released Q4 2012 earnings and revenue that exceeded the consensus expectation; and guidance for Q1 2013 in line with Wall Street’s estimate.