StreetInsider.com After-Hours Movers 03/27

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By Douglas A. McIntyre Published
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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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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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