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
TheStreet Open House

Wednesday's Tech Winners & Losers

Tech Data (TECD) rose 6.6% to $37.56 after the distributor of information technology products beat Wall Street's second-quarter estimates and offered an upside forecast for the current quarter.

Net sales for the second quarter ended July 31 were $5.6 billion, an increase of 13.6% from $4.9 billion in the prior-year period. The Clearwater, Fla., company earned $7.2 million, or 13 cents a share, for the quarter, compared with a loss of $155.5 million and $2.81 a share for the prior-year period.

Excluding items, Tech Data would have earned 50 cents in the latest quarter, 20 cents ahead of estimates. Revenue was also stronger than the $5.3 billion consensus target.

For the third quarter, the company anticipates net sales of $5.75 billion to $5.90 billion, topping the $5.67 billion expectation.

Blue Coat Systems (BCSI), a maker of Web and application security appliances, surged 25.6% to $75.16 after a strong quarter and optimistic forecast.

The Sunnyvale, Calif., had fiscal first-quarter revenue of $62.4 million, an increase of 71% from a year ago and ahead of the $58.8 million estimate. Blue Coat earned $2.6 million, or 14 cents a share, reversing last year's loss of $3.1 million and 22 cents a share.

Before items, the company would have earned 43 cents, 8 cents better than expected. For the current quarter, Blue Coat anticipates revenue of $67 million to $70 million and adjusted earnings of 43 cents to 50 cents a share. Analysts expect revenue of $61.5 million and a profit of 37 cents.

BigBand Networks (BBND), a Redwood City, Calif., seller of video-networking platforms, jumped 12.2% to $10.18 after saying Cox Communications will use its products in multiple cable systems.

Cox, the third-largest U.S. cable operator, will use BigBand's offerings to significantly expand its HDTV lineups in markets across the country.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,390.52 +195.10 1.13%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,630.7410 +64.6030 1.41%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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