3 Tech Stocks That Crashed Last Week

Tech stocks had a generally positive week last week, heading into the middle on June. But these three tech tickers ended up swimming against the stream, and not in a good way:

  • Hydrogen fuel cell producer Plug Power (NASDAQ: PLUG  ) gently swooned 5.5% lower, in spite of any obvious value-destroying news. When you're as hyper-volatile as Plug Power, those are the breaks sometimes.
  • NQ (NYSE: NQ  ) , which provides mobile Internet services for Chinese customers, fell 15%. The memory of NQ's positive fraud investigation news from the previous week is fading -- and NQ investors are getting restless.
  • Finally, optical networking expert Finisar (NASDAQ: FNSR  ) plunged 20% in one terrifying night. Shareholders came into this report with high expectations, given the strong report from Finisar customer Ciena (NYSE: CIEN  ) the previous week. But fourth-quarter earnings disappointed, and management guidance didn't help to calm any nerves.

Two of these stocks seem destined for extreme volatility and uncertain long-term returns. The third one might be both undervalued and delicious.

Find out more in the slideshow below.

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Anders Bylund

Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.

Hypoallergenic. Contains six flavors not found in nature. Believes in coyotes and time as an abstract.

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Related Tickers

8/28/2015 4:02 PM
CIEN $22.86 Up +0.29 +1.28%
Ciena Corp CAPS Rating: **
FNSR $15.77 Up +0.05 +0.32%
Finisar Corp CAPS Rating: ****
NQ $4.27 Up +0.07 +1.67%
PLUG $1.76 Up +0.01 +0.57%
Plug Power, Inc. CAPS Rating: *