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These tech stocks all posted double-digit percent moves last week after releasing corporate updates.

OCZ Technology Group (OCZ) rose 18% after reporting strong Q1 results. The company said that revenue in 1Q12 was a record $73.8 million, and increased 115% compared with revenue of $34.3 million reported in 1Q11. Gross margin increased to 20.0% versus 12.1% in 1Q11. Non-GAAP net income for 1Q12 was $0.5 million, or $0.01 per share as compared with a non-GAAP net loss for 1Q11 of $2.7 million, or $0.11 loss per share. OCZ said that it expects revenue for FY12 to be in the range of $310−$345 million, an increase of approximately 65-80% compared with $190 million reported in fiscal year 2011.

Kenexa (KNXA) jumped 15% after it and Taleo (NASDAQ:TLEO) entered into a settlement agreement and other related documents resolving all outstanding litigations between the parties. As a result of the settlement agreement, all litigations between the parties will be dismissed with prejudice. The settlement agreement also includes a license of certain Kenexa intellectual property to Taleo and a license of certain Taleo intellectual property to Kenexa. The net cash effect associated with all intellectual property licenses and settlement of litigations was a $3.0 million payment by Taleo to Kenexa.

Aeroflex Holding (ARX) fell nearly 17% after it cut its Q4 guidance. The company said that delays in shipment approvals from, and orders of test equipment by U.S. government entities have caused Aeroflex to reduce its estimated ranges of net sales and Adjusted EBITDA to $198 million to $200 million, and $56 million to $59 million, respectively.

A majority of the reduction in net sales is attributable to a $16 million Ground Radio Maintenance Automatic Test System shipment that has passed First Article Test, but still awaiting final approval to ship from the U.S. Marine Corps.

In addition, delays in receiving final paperwork on fully-funded, sole-source orders from branches of the U.S. military have contributed to the negative impact on net sales. The reduced fourth quarter range of Adjusted EBITDA is due to the reduction in gross profit from products that did not ship. Since quarterly operating costs are relatively fixed, the gross profit shortfall will have a negative impact on operating margin in the fourth quarter.

NetScout Systems (NTCT) tumbled over 21% after giving weak Q1 and FY12 guidance due to weakness from its government and financial customers. The company said that its U.S. government new business bookings suffered substantially from budget holds and its traditionally strong financial services new business was weak, likely due to the profit pressure that its financial customers are currently experiencing. The company was, however, successful in growing its service provider and non-financial enterprise businesses y/y. The company lowered its FY12 outlook because of its shortfall in Q1. NetScout added that its product pipeline is strong, and it remains enthusiastic about its position as the market leader in Unified Service Delivery Management.

Hutchinson Technology (HTCH) rallied over 31% after announcing upside 3Q guidance. The company said that it shipped approximately 118 million suspension assemblies in the fiscal 2011 third quarter, up 15% compared with its second quarter shipments of 102.3 million. Net sales for the quarter totaled approximately $72 million, up 14% compared with its second quarter net sales of $63.3 million. Analysts forecasted sales of $65.5 million in 3Q. Wayne Fortun, Hutchinson Technology's president and chief executive officer, said "our shipments over the last 9 weeks of our third quarter averaged approximately 10 million suspensions per week and we expect this pace to continue into the fourth quarter. As a result, we currently expect our fourth quarter shipments to exceed our third quarter shipments. It appears that demand has shifted to some customer programs where we have stronger positions and we believe that we are beginning to regain market share. We are leveraging available capacity to respond to the additional customer demand."

Source: 5 Tech Stocks Posting Double-Digit Percent Moves Last Week