Morning Market Losers

Fortinet Inc FTNT shares dipped 17.80% to $17.96. Analysts at Morgan Stanley, Wells Fargo and Needham downgraded Fortinet following the company's negative March quarter preannouncement. Affymax, Inc AFFY shares dropped 12.88% to $0.98 after the company announced that they are considering all alternatives including bankruptcy proceedings. Sunshine Heart Inc SSH shares fell 12.15%to $5.28 aftet the company announced the proposed public offering of common shares. SemiLEDs Corporation LEDS shares dropped 10.49% to $1.28 after SEmiLEDs Corporation released their disappointing Q2 earnings during pre-market hours.