MARKET PULSE-Imperva, Rite Aid, Titan Machinery, Ruby Tuesday, Rentech

Thu Apr 10, 2014 12:05pm EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks dipped on Thursday, with the Nasdaq underperforming other major indexes, as investors once again rotated into defensive names and sold momentum-driven stocks. The Dow Jones industrial average was down 0.50 percent at 16,355.2, the S&P 500 was down 0.90 percent at 1,855.33 and the Nasdaq Composite was down 1.93 percent at 4,103.271.

** IMPERVA INC, $29.055, -41.57 pct

** FIREEYE INC, $51.67, -8.37 pct

Brokerage Oppenheimer & Co cut its rating on data security company Imperva's shares to "perform" from "outperform" after the firm cut its first-quarter revenue forecast. The company cut its revenue guidance to $31-$31.5 million from $36-$37 million.

Two other brokerages cut their price target on the stock of the company, which also forecast a bigger adjusted per-share loss of 40-44 cents, compared with 33-37 cents it had forecast earlier.

Shares of rival FireEye also fell on the news.

** BOX SHIPS INC, $1.87, -21.43 pct   Continued...