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These stocks saw increased downside pressure on Friday, despite the market rallying for the fifth day this week.

Xyratex (XRTX) fell 6.0% after reporting weak Q2 results. Revenues for the second quarter were $338.5 million, a decrease of 26% compared to revenues of $455.9 million for the same period last year. The company said that the Enterprise External Storage market remains strong and that the recently announced ClusterStor 3000 product launch is receiving very positive customer reaction. In contrast, the disk drive capital equipment sector remains very challenged, with the industry delaying incremental capital investment pending the outcome of the regulatory reviews of the proposed industry consolidations announced earlier this year. The company added that given this current environment in the disk drive industry, it is planning further reductions in fixed costs.

DemandTec (DMAN) tumbled 13.7% following the release of its Q1 results. Revenue was $22.5 million compared to $18.0 million a year ago. Net loss was $7.1 million, or ($0.22) per share in the first quarter of fiscal 2012, compared to a net loss of $5.9 million, or ($0.20) per share, in the first quarter of fiscal 2011.

Cyclacel Pharmaceuticals (CYCC) closed down 8.8% after it announced that it priced an underwritten offering of an aggregate 7,617,646 units at price of $1.36 per unit for gross proceeds of $10.36 million. Each unit consists of one share of common stock and a five-year warrant to purchase 0.5 of a share of common stock at an exercise price of $1.36 per share, exercisable beginning six months after the date of issuance.

AutoChina International (AUTC) fell 12.5% after it announced that the SEC is investigating the company. The company said that it expects to restate its previously issued financial statements for 2009 and subsequent periods to recognize a derivative liability relating to the Earn-out Share Provision. The staff of the SEC is conducting a non-public investigation relating to AutoChina and, in that connection, AutoChina and one of its officers have received subpoenas for information. The SEC informed AutoChina and the officer that neither the existence of the investigation nor the service of subpoenas means that the SEC has concluded that any violations of law have occurred.

First Republic Bank (FRC) fell 4.0% after it priced its secondary public offering of 13 million shares at $31.75 per share. All of the shares in the offering are being sold by shareholders of First Republic, including certain members of First Republic’s management. The stock is now trading at $31.00.

Celsion (CLSN) tumbled 7.1% after it announced that it is selling the company’s securities to investors. Celsion said that it received commitments from institutional investors to purchase an aggregate of $6.6 million of the company's securities in a registered direct offering. The company entered into definitive purchase agreements with these investors pursuant to which the company agreed to sell an aggregate of approximately 2.1 million shares of its common stock and warrants. The securities will be sold in units at a price of $3.1675 per unit, with each unit consisting of one share of common stock and a warrant to purchase 0.3 shares of common stock. The warrant will be exercisable at a price of $3.13 per share and will expire five years from the issuance date. The stock is now trading at $3.13.

Vimicro International (VIMC) tumbled 21.9% after reporting Q4 results and issuing weak Q1 and Q2 guidance. Revenue for 4Q10 from continuing operations was $24.4 million, compared to $19.8 million in 4Q09. The 22.8% y/y revenue increase was derived from growth in all business lines, particularly from PC/notebook multimedia processors and surveillance. In 1Q11, revenues from continuing operations are expected to be approximately $13.2 million. The sequential decline in revenues in the first quarter was due to a product transition to a higher-performance, lower-cost chip in our PC/notebook business and a decline in mobile handset demand from specific carriers, and a combination of seasonal factors, including the Chinese New Year holiday. For the second quarter of 2011, the company expects revenues of $14 to 16 million, due to sequential growth in its PC/notebook multimedia processor and surveillance businesses.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 7 Under the Radar Stocks That Tumbled on Friday and Why