Expect the following technology stocks to be among Tuesday's most actively traded issues: Engage Technologies, Hummingbird and Novell.
The online advertising and marketing services firm topped analysts' reduced estimates in its second quarter, losing $41.3 million, or 21 cents a share, on sales of $28.1 million.
Analysts surveyed by First Call Corp. predicted it would lose 26 cents a share in the quarter.
Engage shares closed off 9 cents to 97 cents ahead of the report before moving up to $1 a share in after-hours trading.
Company executives said it expects to lose between 12 cents and 15 cents a share in its third quarter on sales of between $24 million and $26 million. It sees fourth-quarter sales coming in between $25 million and $28 million with a loss of between 7 cents and 10 cents a share.
Analysts were predicting a loss of 19 cents and 16 cents a share in the third and fourth quarters, respectively.
The software developer warned Monday that it will miss analysts' estimates in its second quarter.
Company executives said it now expects to earn between 33 cents and 37 cents a share in the quarter on sales of between $57 million and $60 million.
First Call Corp. consensus expected it to earn 44 cents a share on sales of $64.5 million.
Its shares closed off 6 cents to $28.13 ahead of the warning before falling to $26 in after-hours trading.
Last quarter, it earned $7.6 million, or 41 cents a share, on sales of $60.4 million.
Its shares moved as high as $58.94 last March before falling to a low of $23 in October.
Novell should be worth watching Tuesday after it announced late Monday it will buy computer consultancy Cambridge Technology Partners (Nasdaq: CATP) in a $266 million in stock.
Novell executives said it will exchange 0.668 shares of Novell common stock for every outstanding share of Cambridge, Mass.-based Cambridge Technology Partners. The transaction value is based on Novell's closing stock price of $6.06 on Friday.
The acquisition has been approved by the boards of directors of each company. Cambridge will become a wholly owned subsidiary of Novell.
Novell shares finished off 25 cents to $5.81 ahead of the news. Cambridge Technology shares trimmed 21 cents to $3.09 before moving up to $3.65 in after-hours trading.