3 Tech Stocks Building Trading Interest Ahead of Earnings Releases

Qualcomm, Inc. (NASDAQ:QCOM) will unveil its latest earnings on Wednesday, February 1, 2012. The average estimate of analysts is for profit of 81 cents per share, a rise of 17.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 77 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 81 cents during the last month. Analysts are projecting profit to rise by 7% versus last year to $3.22.

The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of 68 cents per share versus a mean estimate of profit of 69 cents per share. In the third quarter of the last fiscal year, the company beat estimates by one cent. On average, analysts predict $4.57 billion in revenue this quarter, a rise of 36.4% from the year ago quarter. Analysts are forecasting total revenue of $18.44 billion for the year, a rise of 23.3% from last year’s revenue of $14.96 billion.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), Nokia Corporation (NYSE:NOK), Motorola Mobility Hldgs. Inc (NYSE:MMI), NVIDIA Corporation (NASDAQ:NVDA), Infineon Tech. AG (IFNNY), Atheros Communications, Inc. (NASDAQ:ATHR), and Microsoft Corporation (NASDAQ:MSFT).

Brightpoint, Inc. (NASDAQ:CELL) will unveil its latest earnings on Wednesday, February 1, 2012. The average estimate of analysts is for profit of 30 cents per share, a decline of 3.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 29 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 30 cents during the last month. For the year, analysts are projecting net income of 91 cents per share, a rise of 19.7% from last year.

The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 26 cents per share against a mean estimate of net income of 21 cents, and the quarter before, the company exceeded forecasts by 5 cents with profit of 20 cents versus a mean estimate of net income of 15 cents. Analysts are projecting a rise of 24.1% in revenue from the year-earlier quarter to $1.39 billion.

Competitors to Watch: TESSCO Technologies, Inc. (NASDAQ:TESS), InfoSonics Corporation (NASDAQ:IFON), Ingram Micro Inc. (NYSE:IM), Arrow Electronics, Inc. (NYSE:ARW), Avnet, Inc. (NYSE:AVT), ADDvantage Tech. Group, Inc. (NASDAQ:AEY), Motorola Mobility Hldgs. Inc (NYSE:MMI), Tech Data Corporation (NASDAQ:TECD), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), and SYNNEX Corporation (NYSE:SNX).

JDS Uniphase Corp (NASDAQ:JDSU) will unveil its latest earnings on Wednesday, February 1, 2012. The average estimate of analysts is for profit of 4 cents per share, a decline of 84% from the company’s actual earnings for the same quarter a year ago. Analysts are projecting profit to rise by 31.5% versus last year to 50 cents.

On average, analysts predict $390.9 million in revenue this quarter, a decline of 18.1% from the year ago quarter. Analysts are forecasting total revenue of $1.68 billion for the year, a decline of 6.7% from last year’s revenue of $1.8 billion. Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

Competitors to Watch: EXFO Electro-Optical Engineering (NASDAQ:EXFO), Finisar Corporation (NASDAQ:FNSR), Ixia (NASDAQ:XXIA), Oclaro, Inc. (NASDAQ:OCLR), Tollgrade Communications, Inc. (NASDAQ:TLGD), Oplink Communications, Inc (NASDAQ:OPLK), Ciena Corporation (NASDAQ:CIEN), Agilent Technologies Inc. (NYSE:A), and RiT Technologies Ltd. (NASDAQ:RITT).