CORRECTED-MARKET PULSE-Imperva, Titan Machinery, Ruby Tuesday, Cash America
(Corrects HB Fuller item to say company raised its dividend to 12 cents per share, not $12 per share) 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 1.07 percent at 16,261.12, the S&P 500 was down 1.39 percent at 1,846.23 and the Nasdaq Composite was down 2.49 percent at 4,079.751.
** IMPERVA INC, $27.22, -45.26 pct
** FIREEYE INC, $50.175, -11.02 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...