It would appear Dow Jones has gotten ahold of the Q1 earnings report of solar energy technology provider SunPower (SPWRA) this afternoon, and is running headlines on it.

Based on those headlines, and confirmed by the actual press release, the Q1 results were below Street estimates.

Q1 revenue rose 30%, year over year, to $451.4 million, yielding EPS of 15 cents, on an adjusted basis.

The Street had been looking for $477 million and 17 cents in EPS.

According to a Dow Jones wire notice, the company reiterated a forecast for 825 megawatts to 920 megawatts for the full year.

For the current quarter, the company sees $500 million to $550 million in revenue, below the $596 million the Street has been modeling.

SunPower shares are down 18 cents, or 0.8%, at $21.20 in late trading.

Article courtesy of Tech Trader Daily

Shares of Akamai Technologies (AKAM) were off 15.1% in recent trading, the worst performer in the S&P 500 (SPX), following the company’s earnings report last night.

Although the stock gained at first on the report, in which Akamai reported small EPS and revenue beats, it then reversed course after hours on its uninspiring forecast, and continued to fall this morning.

Collins Stewart analyst Greg Miller called Akamai’s outlook “questionable,” writing in a research note that “We believe investors will largely view the comments as a sign of incremental competition from Level 3 (LVLT) and others and that the perceived attractiveness of that segment of business is just not as once anticipated.” He reiterated his Neutral rating.

Think Equity’s Robert Coolbrith also reiterated his Hold rating, warning “While we view the company’s long-term secular growth opportunities as intact, we believe management’s previously stated objective for 15%+ FY11 revenue growth could now be out of reach.”

Akamai wasn’t the only name suffering; tech stocks in general were falling, with the Nasdaq (COMP) down 0.05%, even as the S&P gained 0.07% and the Dow Jones Industrial Average (DJIA) was up 0.14%. A notable exception was Citrix Systems (CTXS), which gained 10% following its earnings report last night.

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The Nasdaq (COMP) was up 0.01% in midday trading, while both the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) were off 0.3% and 0.2% respectively, as tech benefited from mostly positive earnings news.

Advanced Micro Devices (AMD) was one of the biggest losers of the session, dropping a recent 2.6%, despite the company’s earnings report and guidance, both of which topped analyst views last week. However, the results didn’t hold a candle to Intel‘s  (INTC) results, which blew away expectations.

Sandisk (SNDK) was up 2.4% on its first-quarter beat and in-line guidance, reported Thursday night. Polycom (PLCM) gained over 12% on its better-than-expected earnings and guidance on Thursday.

Sohu.com, (SOHU) which posted a beat and raise this morning, was up more than 10% on the news.

Elsewhere, analysts at Robert W. Baird upgraded Brocade (BRCD) to Outperform and the Benchmark Company upgraded TravelZoo (TZOO) to Buy, boosting both stocks.

As Breifing.com noted, Akamai Technologies (AKAM) was getting a boost from revived takeover speculation, while Lawson Software (LWSN) may be close to a sale.

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Reports on Cisco Systems (CSCO) continue to trickle in ahead of the company’s next quarterly earnings report, tonight, after the bell, for the fiscal Q2 that ended in January.
Cisco shares this afternoon are up 3 cents at $22.02.
You’ll recall fiscal Q1 was so disappointing, and the outlook for Q2 so [...]

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UBS Securities analyst Maynard Um this morning reiterated a Neutral rating on shares of Research in Motion (RIMM) and a $54 price target, in advance of the company’s Q3 earnings report a week from today.
Um’s, like Caris & Co.’s Robert Cihra this morning, believes international sales helped RIM last quarter, [...]

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F5 Networks (FFIV) shares are trading higher after hours on a better-than-expected earnings report for its fiscal fourth quarter ended September 30.
For the quarter, FFIV posted revenue of $254.3 million and non-GAAP profits of 79 cents a share; the Street had been projecting $248.2 million and 71 cents. Revenue was [...]

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Standard & Poor’s analyst Scott Kessler today cut his rating on eBay (EBAY) to Hold from Buy on a valuation basis, noting that the stock is now close to his $30 price target. The move follows the company’s earnings report on Wednesday.
“We were encouraged by the company’s recently provided [...]

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Amazon.com (AMZN) shares, which lost ground in after hours trading, and opened in the red this morning, have turned positive on the day, as the stock sorts through the implications of the company’s Q3 earnings report after the close yesterday.
To review: the company posted Q3 revenue of $7.56 billion, up [...]

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Cowen analyst Gregg Moskowitz this morning raised his rating on VMware (VMW) to Outperform from Neutral. He notes that the stock was down 7% on Tuesday following the company’s Q3 earnings report on Monday, and has now dropped 17% since late September.
“Clearly, Qe bookings below our and Street expectations outweighed [...]

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Oppenheimer analyst Ittai Kidron this morning raised his rating on Juniper Networks (JNPR) to Outperform from Perform, setting a $36 price target. The stock closed yesterday at $30.54. The upgrade follows the company’s Q3 earnings report yesterday after the close.
“Juniper reported in-line Q3 results and Q4 guidance, and while the [...]

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