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Novell Shares Down 7.5%

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May 29, 2009 |Comments: 0
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NOVL

Shares of Novell Inc. (NOVL) slipped almost 7.5% today, despite reporting second-quarter earnings per share yesterday that topped Wall Street expectations.

The company's revenue fell 8.5% to $216 million.

The full-year average forecast hasn't changed over the past 2 months and remains at 19 cents per share.

NOVL, a Zacks #3 Rank ("Hold") stock, is trading on volume of nearly 6 million, which is double the average daily volume at about 3.0 million.

Read the full analyst report on NOVL

 
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