Up and Down: Catalyst, TNS, SRA International

Local stocks fell more than 5 percent last week, while the S&P 500 lost 3.9 percent.

*Catalyst Health Solutions (CHSI), formerly HealthExtras, said Tuesday that profit rose, and though its 2009 estimates were below analysts', its shares still rose 30 percent last week, closing Friday at $21.94.

*Optelecom-NKF (OPTC) also reported earnings last week, saying Thursday that third-quarter profit rose almost 17 percent. Shares gained 21 percent last week, closing Thursday at $5.76.

*Among other companies that reported earnings last week and made it on our list of top 10 weekly gainers: Hughes Communications (HUGH), shares up 21 percent, to $19.61; Blackboard (BBBB), shares up 17 percent, to $28.64; and Emergent BioSolutions (EBS), up 13 percent, to $20.35.

*Shares of TNS (TNS) dropped 35 percent last week, hitting a 52-week low of $9.01 on Tuesday and closing Friday at $9.26. Shares are down 62 percent in the past three months. More than 40 percent of the Reston company's revenue comes from overseas, and a strengthening dollar is lowering profit expectations.

*SRA International (SRX) on Wednesday lowered its 2009 profit outlook, and Thursday shares hit a 52-week low of $12.70. They closed Friday at $13.69, down 26 percent for the week. An analyst questioned the company's recent acquisition of ERA, saying it already missed sales targets.

*W.R. Grace (GRA) shares fell 22 percent last week, to $7.01 - they're down 73 percent in the past three months and 75 percent in the past 52 weeks. They hit their 52-week low of $6.68 on Friday.

*Shares of Ciena (CIEN) and Cogent Communications (CCOI) top the list of one-year losers, both down 83 percent in the past 52 weeks. The area telecom companies are vulnerable to the downturn because of their debt load, as we reported a week ago.

By Terri Rupar  |  November 10, 2008; 12:16 PM ET  | Category:  Wall Street
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