NEW YORK ( TheStreet) -- During the next week's four days of trading, we expect more than 80 companies reporting results. I screened for the nine most active and potentially market-moving companies.
Below, I look at each one of these nine stocks, broken into three lists: Those reporting before the open, during the session and after the close.
Reporting Before the OpenCiena (CIEN): This company provides equipment, software and service solutions that support the transport, switching, aggregation and management of voice, video and data traffic on communications networks. It trades an average of 5.5 million shares a day.
Expectations: Wall Street is expecting Ciena to report a loss of 14 cents a share, an improvement of 58% from a year ago, when it reported a loss of 33 cents a share.
Five analysts follow Ciena with a high estimate of -9 cents to a low estimate of -22 cents a share. Ciena has missed or met estimates three of the last five quarters, with misses in the last two.Revenue is projected to grow 7% year-over-year to reach $447 million. Looking at the chart, Ciena has entered into oversold territory and is due for a bounce. Unfortunately, $13.50 presents strong resistance. Ciena is a short-squeeze possibility, as more than 20% of the float is shorted. Joy Global (JOY) engages in the manufacture and servicing of mining equipment; it trades an average of 2.6 million shares a day. Analysts' average estimate is $1.95 per share, based on a range of $1.82 to $2.06 per share -- $1.95 is an improvement of 60 cents for the same period last year. Revenue is expected to be $1.43 billion for the quarter, handily surpassing $1.06 billion from the same period last year. Revenue estimates range from $1.32 billion to $1.5 billion. Trading at a price-to-earnings multiple under 10, with growing top and bottom lines, the chart should look better. Trading near 52-week lows, shares in JOY are falling victim to China's slowdown. Forward guidance is the most important metric for investors in the next earnings release.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV