Benzinga's Top Pre-Market NASDAQ Losers (SWIR, MOTR, MICC, CKSW)

Sierra Wireless Inc (NASDAQ: SWIR) dropped 28.39% to $11.10 in the pre-market session. SWIR reported weaker-than-expected Q4 results. Analysts at JP Morgan downgraded SWIR from "neutral" to "underweight." Motricity Inc (NASDAQ: MOTR) fell 20.98% to $17.40 in the pre-market session. Analysts at RBC Capital downgraded MOTR from "outperform" to "underperform." MOTR issued weaker-than-expected Q1 revenue projections. Millicom International Cellular SA (NASDAQ: MICC) moved down 6.13% to $91.80 in the pre-market trading. MICC announced its plans to repurchase up to $300 million of shares. ClickSoftware Technologies Ltd (NASDAQ: CKSW) lost 4.70% to $7.50 in the pre-market session. CKSW reported year-over-year decline in its Q4 net income. Read more from Benzinga's Markets.