5 Stocks to Watch: Marvell, Blue Coat
NEW YORK (TheStreet) -- Marvell Technology (MRVL) - Get Marvell Technology Group Ltd. Reportshares rose 8.9% to $15.85 in premarket trading Friday after the Santa Clara, Calif.-based chipmaker gave an above-consensus outlook for the second quarter during its conference call on Thursday.
Blue Coat Systems
( BCSI), a maker of Web security and network optimization applications, issued an outlook for the current quarter that came in below Wall Street's expectations.
The company also reported fiscal fourth-quarter results that were below estimates on both the top and bottom lines.
Shares of Blue Coat fell 12% to $19.67 in premarket trading Friday.
(LNKD)
shares rose 1.7% to $87.80 in premarket trading. Options activity in the stock is set to begin on Friday. Many analysts and investors think the stock is overvalued.
AMB Property
( AMB) will replace
Prologis
(PLD) - Get Prologis, Inc. Report
in the
TheStreet Recommends
S&P 500
. The industrial real estate investment trusts are in a merger agreement.
AMB shares closed Thursday at $36.16.
OmniVision
(OVTI)
, a maker of image sensors for camera phones, reported increases in fourth-quarter net income and revenue. The company said it expects first-quarter adjusted profit of 64 cents to 77 cents a share on revenue of between $265 million and $285 million. Analysts expect earnings of 71 cents a share on revenue of $277 million.
The stock fell 4.2% to $34.89.
-- Written by Joseph Woelfel
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