2 Hot Tech Stocks Making Huge Moves After Earnings
Micron Technology Inc. (NASDAQ:MU) swung to a loss in the first quarter, missing analysts’ forecast. Reported a loss of $187 million (19 cents per diluted share) in the quarter. The semiconductor company had net income of $155 million or 15 cents per share in the year earlier quarter. Revenue fell 7.2% to $2.09 billion from the year earlier quarter. MU fell short of the mean analyst estimate of a loss of 6 cents per share. It fell short of the average revenue estimate of $2.17 billion.
Competitors to Watch: Intel Corporation (NASDAQ:INTC), Spansion Inc. (NYSE:CODE), SanDisk Corporation (NASDAQ:SNDK), Integrated Silicon Solution, Inc. (NASDAQ:ISSI), SMART Modular Tech. (WWH), Inc. (NASDAQ:SMOD), MoSys Inc. (NASDAQ:MOSY), LOGIC Devices Incorporated (NASDAQ:LOGC), Netlist, Inc. (NASDAQ:NLST), GSI Technology, Inc. (NASDAQ:GSIT), and Integrated Device Tech., Inc. (NASDAQ:IDTI).
TIBCO Software Inc. (NASDAQ:TIBX) reported net income above Wall Street’s expectations for the fourth quarter. Net income for TIBCO Software Inc. rose to $51.9 million (30 cents per share) vs. $37.5 million (22 cents per share) in the same quarter a year earlier. This marks a rise of 38.4% from the year earlier quarter. Revenue rose 20% to $289.5 million from the year earlier quarter.
“TIBCO delivered another strong year of accelerating revenue growth and expanded profitability in 2011,” said Vivek Ranadiv, TIBCO’s chairman and chief executive officer. “As we turn to 2012, we will focus on expanding our sales coverage, extending our event-driven platform, and continuing to broaden the range of industries we serve. Our offerings and the demands of the 21st century enterprise have never been better aligned.”
Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), Progress Software Corp. (NASDAQ:PRGS), CA, Inc. (NASDAQ:CA), Intl. Business Machines Corp. (NYSE:IBM), Pegasystems Inc. (NASDAQ:PEGA), MicroStrategy Incorporated (NASDAQ:MSTR), SAP AG (NYSE:SAP), Microsoft Corporation (NASDAQ:MSFT), Red Hat, Inc. (NYSE:RHT), and Sybase, Inc. (SY).