This Day On The Street
Continue to site
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

Tech Stocks in Motion

Shares of White Electronic Designs (WEDC) were among technology's winners Thursday, rising 8% after the maker of semiconductor components and computer displays posted better-than-expected fourth-quarter results.

The company reported a loss of $8.3 million, or 34 cents a share, on sales of $30 million. Excluding one-time items, however, the company earned $2.3 million, or 9 cents a share, for the quarter ended Oct. 1. The results were at the top end of White Electronic's earnings guidance of 7 cents to 9 cents a share, and above the 7 cents a share that analysts polled by Thomson First Call expected. During last year's fourth quarter, the company earned $900,000, or 4 cents a share, on sales of $28.8 million. Shares were trading up 40 cents to $5.54.

Ciena (CIEN - Get Report) rose 3% after the network equipment company posted fourth-quarter results that were better than expected. The company posted a pro forma loss, which excludes one-time items, of $11.6 million, or 2 cents a share. Analysts expected a slightly wider loss of 3 cents a share. Ciena's sales came in at $118.2 million, beating Wall Street's forecast of $116.1 million. A year ago, the company posted a pro forma loss of $33.9 million, or 6 cents a share, on sales of $82 million.

Looking ahead, Ciena projects first-quarter sales will be flat to up slightly sequentially. The company also expects to post gross margin improvement from the fourth-quarter figure of 39.9%. Analysts expect first-quarter sales of $117.4 million. Shares were trading up 8 cents to $3.14.

Shares of Xilinx (XLNX - Get Report) rose modestly after the chipmaker lifted its third-quarter sales outlook. The company now sees sequential sales growth of 4% to 8%, up from a previous forecast of 1% to 5%. Xilinx continues to expect gross margin of 62% to 63%. Xilinx attributed the sales bump to better-than-expected sales from customers in North America and Asia Pacific. Xilinx also plans to repatriate $500 million in foreign earnings, which will result in a tax charge of about $27 million. Shares were trading up 11 cents to $26.59.

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
Submit an article to us!
SYM TRADE IT LAST %CHG
CSCO $29.13 0.00%
CIEN $21.29 0.00%
INTC $33.42 0.00%
QCOM $68.42 0.00%
XLNX $43.98 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs