Assurant, CommVault, Concur, Western Union: U.S. Equity Movers

Feb. 5 (Bloomberg) -- Shares of the following are having unusual fluctuations in U.S. trading. Stock symbols are in parentheses and share prices are as of 9:45 a.m. in New York.

Akamai Technologies Inc. (AKAM:US) gained 11 percent to $15.70 for the biggest advance in the Standard & Poor’s 500 Index. The largest supplier of software and services that speed up the delivery of Web sites reported fourth-quarter profit of 44 cents a share, or 9.5 percent more than the average analyst estimate.

Assurant Inc. (AIZ:US) fell 4.8 percent to $24.90. The home insurer said operating profit, which excludes some investment results, was $1.31 a share. That missed the $1.44 average estimate of analysts surveyed by Bloomberg.

BMC Software Inc. (BMC:US) climbed 4.6 percent to $27.07. The maker of programs that manage databases and computer networks said profit for the year ending in March will be as much as $2.30 a share, or 7 percent more than the average analyst estimate.

Cisco Systems Inc. (CSCO:US) lost 1.8 percent to $15.56. The largest maker of networking equipment projected sales that missed analysts’ estimates. Third-quarter revenue will drop between 15 percent and 20 percent, Cisco said. That indicates a range of $7.8 billion to $8.3 billion. Analysts in a Bloomberg survey had estimated $8.76 billion for the period, which ends in April.

CommVault Systems Inc. (CVLT:US) fell 10 percent to $11.74. The supplier of data-management software to Las Vegas forecast annual sales and profit that trailed its previous projection.

Concur Technologies Inc. (CNQR:US) fell 15 percent to $21.45. The maker of software for managing travel expenses forecast second-quarter revenue growth of 6 percent from the previous three months, missing analysts’ estimates.

Dell Inc. (DELL:US) dropped 4.4 percent to $9.36. The world’s second-biggest maker of personal computers was cut to “underweight” from “neutral” by analysts at JPMorgan Chase & Co. who said costs and competition “could derail a return to margin stability or result in cash burn.”

Dolby Laboratories Inc. (DLB:US) jumped 13 percent to $29.25. The maker of sound systems for film and music reported fiscal first-quarter profit of 58 cents a share, or 37 percent more than the average analyst estimate.

Equity Residential (EQR:US) fell 8.2 percent to $21.50. The largest U.S. real estate investment trust that owns apartments said fourth-quarter earnings excluding items fell because of the cost of canceling new developments.

Harman International Industries Inc. (HAR:US) dropped 13 percent to $13.06. The audio-equipment maker reported an unexpected fiscal second-quarter loss of 18 cents a share. Analysts forecast profit of 17 cents, the average estimate in a Bloomberg survey.

Visa Inc. (V:US) rose 8.1 percent to $53.12. The largest electronic payments network reported earnings that topped analysts’ estimates on gains outside the U.S. and said it would meet previous profit targets. Adjusted net income was 78 cents a share, beating the 66-cent average estimate of 22 analysts surveyed by Bloomberg.

Wal-Mart Stores Inc. (WMT:US) rose the most in the Dow Jones Industrial Average, adding 2.5 percent to $47.57. The world’s largest retailer reported January sales that exceeded its projection as discounted groceries and $4 medicines brought in more customers.

Western Union Co. (WU:US) lost 10 percent to $12.39. The world’s biggest money-transfer business forecast 2009 earnings in the range of $1.26 a share at most. That missed the $1.38 average estimate in a Bloomberg survey of analysts.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net
Last Updated: February 5, 2009 10:04 EST