Top Technology Stocks:
Technology shares are higher in pre-bell trading. Verint Systems
) shares are halted as it reports Q2 $223 million of non-GAAP
revenue, and $0.70 of non-GAAP fully diluted earnings per share.
Analysts expected revenue of $215 million and EPS of $0.52 per
share, according to Capital IQ.
The company expects fiscal 2014 revenue to increase between 6%
and 7% compared to the year ended January 31, 2013. It expects
fully diluted earnings per share in the range of $2.75, plus or
minus $0.05. Analysts expect $2.74 per share.
And Ciena Corporation (
) reported Q3 earnings of $0.23 per share, versus the Capital IQ
consensus of $0.16. Revenues were $538.4 million, versus the
analyst estimate of $533.51 million.
In the same period last year, the company reported loss per
share of $0.04 on revenues of $474.1 million. The company expects
Q4 revenues of $550 million - $580 million. The Street view is for
revenues of $550.91 million.
Shares are up 11% at $22.85 in the pre-market session, with a
52-week range of $11.95 - $23.63.
Finally, Broadcom (
) has updated its guidance for Q3, saying it now sees revenue
between $2.075 billion and $2.175 billion, versus the prior
guidance of $2.05 billion - $2.20 billion. Analysts polled by
Capital IQ are expecting $2.127 billion.
The company sees GAAP and non-GAAP product gross margins to be
up roughly 50 to 100 basis points; and GAAP and non-GAAP research
and development, and selling, general and administrative expenses
to be somewhat above the high-end of the previously guided range of
about $5 million to $15 million and flat to above $20 million,