MARKET PULSE-Imperva, Titan Machinery, Ruby Tuesday, Rentech, Cash America

Thu Apr 10, 2014 1:19pm 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 1.13 percent at 16,251.74, the S&P 500 was down 1.53 percent at 1,843.47 and the Nasdaq Composite was down 2.59 percent at 4,075.671.

** IMPERVA INC, $28.92, -41.85 pct

** FIREEYE INC, $50.37, -10.68 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, $1.89, -20.59 pct   Continued...