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

3 Tech Turnaround Stocks for 2012

NEW YORK ( TheStreet) -- While 2011 was a good year for tech stocks like IBM (IBM) and Apple (AAPL), it was a punishing one for less fortunate names such as Cisco (CSCO - Get Report), Renren (RENN - Get Report) and Advanced Micro Devices (AMD - Get Report).

There's good news, though, for investors. While Cisco, Renren and AMD were hit hard last year, all are poised for a turnaround in 2012.

Cisco

2011 was a messy year for Cisco. Shares fell nearly 11% after the network equipment maker's foray into the consumer space fell flat and distracted the company from its core networking business. In response, CEO John Chambers announced a turnaround plan that involved cutting jobs and a major revamp of the company's management structure.

While it may be too early to tell if Cisco's turnaround is working -- the company releases its second quarter earnings on Wednesday -- analysts are already bullish on the stock.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Last week, Baird raised its full year 2012 revenue and earnings per share estimates and upped its price target to $21.

Auriga USA also raised its price target to $24, noting Cisco "is benefiting from a stronger enterprise/public sector spending environment and also improving product cycles in multiple segments."

Analysts on average are expecting Cisco to report earnings of 43 cents per share and revenue of $11.23 billion during the quarter.

Shares of Cisco have risen over 11% since the beginning of the year.

1 of 3

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
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
SYM TRADE IT LAST %CHG
AMD $2.28 0.22%
CSCO $29.36 -0.25%
RENN $3.72 8.00%
FB $80.72 0.30%
GOOG $541.15 -0.25%

Markets

DOW 18,254.84 -30.90 -0.17%
S&P 500 2,130.54 -0.28 -0.01%
NASDAQ 5,100.0450 +9.2510 0.18%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs