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

10 Stocks to Watch: OmniVision, Clearwire

NEW YORK ( TheStreet) -- Shares of OmniVision Technologies (OVTI) were tanking 24.5% to $18.74 in premarket trading Friday after the Santa Clara, Calif.-based digital imaging technology company gave a weak outlook for the current quarter.

The company said it expects non-GAAP earnings of 52 cents to 64 cents a share in the quarter on revenue ranging from $255 million to $275 million. That view is well below the current average estimate of analysts polled by Thomson Reuters for second-quarter earnings of 81 cents a share on revenue of $305.7 million.

Wireless provider Clearwire (CLWR) has been discussing restructuring options with asset management firm Blackstone Group, according to Bloomberg.

Shares were tumbling 9.7% to $2.70.

Shares of Aruba Networks (ARUN) were surging 9.5% to $18.76 after the Sunnyvale, Calif.-based company topped Wall Street's profit expectations by a penny in the latest quarter.

The company reported non-GAAP earnings of $20.2 million, or 17 cents a share for the fiscal fourth quarter on revenue of $113.8 million, up 47% year over year. The average estimate of analysts polled by Thomson Reuters was for a profit of 16 cents a share on revenue of $109.2 million.

Pandora (P - Get Report) topped Wall Street expectations in its second quarter, enjoying strong Web-based and mobile advertising revenue. Excluding items, the online radio company reported an adjusted profit of 2 cents a share on revenue of $67 million for its fiscal second quarter ended in July.

Analysts had expected Pandora to break even on a per share basis on revenue of $60 million.

Shares were gaining 6.3% to $13.25.

Tiffany (TIF - Get Report), the luxury retailer, posted adjusted second-quarter earnings of 86 cents a share, topping estimates handily as net sales rose 30% from a year earlier. It also raised its fiscal-year earnings forecast.

Tiffany raised its fiscal-year earnings outlook to $3.65 to $3.75 a share, not including nonrecurring expenses, compared with a previous forecast of $3.45 to $3.55 a share.

Shares were spiking 4.7% to $66.05.

Krispy Kreme Doughnuts (KKD - Get Report) reported second-quarter earnings of 12 cents a share, including a gain of 6 cents on the sale of the company's equity interest in its Mexican franchisee. Analysts, on average, were expecting earnings of 6 cents a share.

Shares were rising 2.6% to $8.04.

Shares of Starwood Hotels & Resorts Worldwide (HOT - Get Report) were down 1% to $40.28 after the company was downgraded to equal-weight from overweight by Morgan Stanley.

Boeing's (BA - Get Report) 787 Dreamliner plane is scheduled to receive operating certification from the U.S. government Friday after suffering years of delays.

Shares were trading sideways at $61.05.

Chipmaker Advanced Micro Devices (AMD - Get Report) appointed Lenovo Group's chief operating officer, Rory Read, to replace forced-out CEO Dirk Meyer.

Media and entertainment company Madison Square Garden (MSG) reported second-quarter profit of 11 cents a share vs. the average estimate of analysts of 13 cents a share.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

Related links:

Copyright 2011 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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
CLWR $0.00 0.00%
ARUN $0.00 0.00%
OVTI $29.38 1.49%
AMD $1.98 0.00%
BA $122.56 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs