StreetInsider.com After-Hours Movers 03/27

Beazer Homes USA Inc. (NYSE: BZH) 14% LOWER; reports from BusinessWeek the FBI is investigating the company on possible lending fraud.

iMergent, Inc. (AMEX: IIG) 8% HIGHER; increased guidance with respect to Net Dollar Volume of Contracts Written for its fiscal year ending June 30, 2007. Management now expects NDVCW to grow approximately 45 percent to 50 percent over fiscal 2006 NDVCW of $99.8 million. Management previously expected NDVCW growth to be 40 percent over the prior year’s NDVCW. NDVCW is not a GAAP metric, but the company believes NDVCW is a consistent and relevant metric to understand the operations of the company.

Aruba Networks (Nasdaq: ARUN) 4% LOWER; Today’s hot IPO gives back some of its 28.7% gains.

Hovnanian Enterprises Inc. (NYSE: HOV) 4% LOWER; reports from BusinessWeek the FBI is investigating Beazer Homes for possible lending fraud.

Pulte Homes Inc. (NYSE: PHM) 3% LOWER; reports from BusinessWeek the FBI is investigating Beazer Homes for possible lending fraud.

AngioDynamics, Inc. (NASDAQ: ANGO) 3.5% LOWER; reports Q3 adjusted EPS of $0.18 (GAAP EPS was a $0.55 loss) vs. consensus of $0.16. Revenues were $26.7 million vs. $28.39 million consensus. Sees Q4 revenues between $40-43 million vs. consensus of $38.62 million. Sees Q4 EPS of $0.13 and adjusted EPS 0.25 vs. consensus of $0.20.

Atherogenics Inc. (Nasdaq: AGIX) 3% LOWER; call on ARISE Phase III clinical study results. Stock was down 9.5% intra-day. AGI-1067 did not show a difference from placebo in the composite primary endpoint, but did achieve a number of other important predefined endpoints.

Lennar Corp. (NYSE: LEN) 1.8% LOWER; reports from BusinessWeek the FBI is investigating Beazer Homes for possible lending fraud.

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