This Day On The Street
Continue to site
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

Tech Stocks in Motion

Shares of OmniVision Technologies (OVTI - Get Report) were among technology's winners Friday, surging 19% after the maker of semiconductor image sensors posted second-quarter results that easily outpaced Wall Street forecasts and said that third-quarter results would be well above current expectations.

For the second quarter ended Oct. 31, the company earned $22.6 million, or 41 cents a share, on sales of $126.8 million. Analysts surveyed by Thomson First Call expected earnings of 31 cents a share on sales of $113.7 million. OmniVision earned $17.8 million, or 28 cents a share, on sales of $84.4 million during last year's second quarter. OmniVision said strong demand from mobile handset manufacturers fueled second-quarter sales.

The company sees third-quarter earnings of 42 cents to 47 cents a share on sales of $130 million to $140 million. Analysts had forecast earnings of 33 cents a share and sales of $117.9 million. Shares recently traded up $3.50 to $21.75.

SeaChange International (SEAC - Get Report) jumped 12% after the digital video systems company reported a narrower-than-expected third-quarter loss. The company posted a loss of $2.1 million, or 7 cents a share, on sales of $35.3 million. Analysts expected a loss of 13 cents a share on sales of $30.3 million. SeaChange earned $5.5 million, or 19 cents a share, on sales of $42.6 million a year ago. Shares were trading up 90 cents to $8.70.

Shares of Cognos (COGN) traded heavily after the software company warned that third-quarter results would be below expectations. The company now sees earnings of 28 cents to 31 cents a share, below its September projection of 36 cents to 39 cents a share. The company cut its sales estimate to a range of $209 million to $212 million from $230 million to $237 million. Analysts forecast earnings of 38 cents a share on sales of $233.2 million. "I am extremely disappointed with our performance this quarter," the company said in a statement. "Our forecasting and execution against large sales opportunities were poor, and our management of the transition to our new BI platform, Cognos 8, proved challenging." Cognos will issue complete third-quarter results on Dec. 21. Despite the earnings warning, shares of Cognos were trading up 11 cents to $33.02. The shares traded on volume of more than 8 million shares, compared with the average daily volume of 1.6 million.
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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PRLS $6.96 -0.29%
RACK $0.30 0.00%
OVTI $27.03 0.00%
SEAC $6.53 0.00%
AAPL $110.78 0.00%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs