BroadVision (BVSN: news, msgs) shares rose 1.25 to 41.25 on Island ECN after closing down 13 5/8 to 40 on volume of 41 million shares.
BroadVision was Island’s most active issue, as well as the Nasdaq’s most active issue during the regular session.
Art Technology Group's (ARTG: news, msgs) win of a contract with AMR Corp.'s (AMR: news, msgs) American Airlines is being viewed as a negative for BroadVision.
In a research note Friday morning, SG Cowen said evidence of implementation issues are beginning to emerge for BroadVision, whose technology is based on older proprietary technology that was built when Java was still new. The firm still expects BroadVision to beat expectations for the quarter but warned that organic revenue growth may slow in comparison to an exceptionally strong quarter.
Analysts surveyed by First Call expect earnings of 2 cents a share to be reported on July 20.