Research Analysts' Downgrades for January, 30th (ANAC, LXK, OCZ, SANM)

Los Angelas, CA -- (SBWIRE) -- 01/30/2013 -- Anacor Pharmaceuticals Inc (NASDAQ:ANAC) reported a plunge of -20.50%. After opening at the price of $4.00, its closing price for the day was $4.11. On Tuesday, the company reported positive preliminary results from the first of two Phase 3 trials of tavaborole, its topical anti-fungal for onychomycosis, a fungal infection of the nail and nail bed that affects approximately 35 million people in the United States. Tavaborole achieved a high degree of statistical significance on all primary and secondary endpoints.

How Should Investors Trade ANAC After The Recent Fall? Find Out Here

Lexmark International Inc (NYSE:LXK) stock declined 15.06% to $23.74 after the company yesterday reported a fourth quarter profit of $6.3 million, or 10 cents a share, down from $69.3 million, or 94 cents, a year earlier. Adjusted per-share earnings fell to 61 cents from $1.25. Revenue dropped 8.7% to $967.4 million. The company’s October projection was for adjusted earnings of 82 cents to 92 cents a share on a 10%-to-12% revenue decline, below consensus estimates at the time.

How To Trade LXK After The Recent Momentum? Find Out Here

OCZ Technology Group Inc. (NASDAQ:OCZ) shares dropped 14.55% to $2.29 in the last trading session. The company, on Jan. 28, announced that it has added 750W and 850W power supply unit (PSU) models to the award-winning Silencer Mk III Power Supply Series from PC Power & Cooling. With these new high-wattage options, the Silencer Mk III provides a professional-grade power solution rated for industrial usage and provides the performance and stability required for demanding computing environments.

Is OCZ A Buy The recent High Volatility? Find Out Here

Sanmina Corp (NASDAQ:SANM) shares fell 21.70% to $9.20 after the company yesterday reported first-quarter net income of $621 thousand or $0.01 per share, compared with $8.6 million or $0.10 per share last year. Adjusted earnings for the quarter were $24 million or $0.29 per share, compared with $22.8 million or $0.28 per share a year ago. Revenues for the quarter edged down to $1.49 billion from $1.50 billion in the prior year. Analysts expected earnings of $0.34 per share on revenues of $1.53 billion for the quarter.

Will New Regulations Weigh over SANM Revenue Stream? Find Out Here

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