This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Tech Stocks in Motion

Updated from 12:41 p.m. EST

Shares of Sunrise Telecom (SRTI) were among technology's winners Thursday, rising 29.2% after the company raised its fourth-quarter sales guidance.

The telecommunications-equipment maker now expects sales of $18 million to $20 million. In October, Sunrise forecast sales of $12 million to $16 million. When the company posts its results on Feb. 1, analysts polled by Thomson First Call are expecting break-even earnings on sales of $13.7 million. Strength in the company's wireless protocol business, coupled with a weak dollar that boosts its export business, led to the revised fourth-quarter outlook. Shares traded up 78 cents to $3.45.

Open Text (OTEX - Get Report) rose 3.1% after the software company said its second-quarter results would top expectations. Adjusted earnings are now expected to be between 26 cents to 30 cents a share on sales of $110 million to $113 million. Previously, it expected earnings of 18 cents to 26 cents a share on sales of $100 million to $106 million. Analysts had been expecting earnings of 23 cents a share on sales of $103.4 million. "Our second-quarter results demonstrate that the IXOS integration continues to be on track, and we are experiencing strong demand from the cross-selling of Open Text and IXOS products," the company said. Shares traded up 61 cents to $20.32.

Shares of Overland Storage (OVRL) fell 9% after the data storage company cut its second-quarter earnings and sales guidance. The San Diego-based company now expects earnings of 18 cents to 20 cents a share, down from its previous guidance of 20 cents a share. Sales are expected to be down 10% from previous guidance of $69 million. Analysts had been expecting earnings of 20 cents a share on sales of $68.7 million. Overland blamed the shortfall on weaker-than-expected sales to both OEM and branded customers in the Americas region. Overland will report its second-quarter results on Feb. 3. Shares traded down $1.45 to $14.65.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
SRTI $0.05 -0.90%
OTEX $58.11 -0.70%
OVRL $3.48 -7.93%
SIRI $4.02 1.50%
AAPL $129.38 0.22%

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs