3 Tech Stocks on Investing Watchlists Prior to Earnings Reports

Rackspace Hosting (NYSE:RAX) will unveil its latest earnings on Monday, February 13, 2012. The average estimate of analysts is for profit of 15 cents per share, a rise of 50% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 16 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 51.4% versus last year to 53 cents.

The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 14 cents per share against the mean estimate of 13 cents. In the prior quarter, the company reported profit of 13 cents. Analysts are projecting a rise of 30.9% in revenue from the year-earlier quarter to $281.1 million.

Competitors to Watch: Equinix, Inc. (NASDAQ:EQIX), SAVVIS, Inc. (NASDAQ:SVVS), Akamai Technologies, Inc. (NASDAQ:AKAM), Computer Sciences Corp. (NYSE:CSC), InterNAP Network Services (NASDAQ:INAP), Intl. Business Machines Corp. (NYSE:IBM), EarthLink, Inc. (NASDAQ:ELNK), Hewlett-Packard Company (NYSE:HPQ), Microsoft Corporation (NASDAQ:MSFT), and Onstream Media Corp (NASDAQ:ONSM).

Limelight Networks, Inc. (NASDAQ:LLNW) will unveil its latest earnings on Monday, February 13, 2012. The average estimate of analysts is for a loss of 6 cents per share, a wider loss from the year earlier quarter net loss of 5 cents. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from a loss of 7 cents during the last month.

The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net loss of 5 cents per share against a mean estimate of a loss of 12 cents per share. In the second quarter, it missed forecasts by one cent. On average, analysts predict $45.4 million in revenue this quarter, a decline of 17.8% from the year ago quarter. Analysts are forecasting total revenue of $185.5 million for the year, a rise of 1.2% from last year’s revenue of $183.3 million.

Competitors to Watch: Akamai Technologies, Inc. (NASDAQ:AKAM), InterNAP Network Services (NASDAQ:INAP), Adobe Systems Incorporated (NASDAQ:ADBE), Rackspace Hosting, Inc. (NYSE:RAX), Microsoft Corporation (NASDAQ:MSFT), The Walt Disney Company (NYSE:DIS), RealNetworks, Inc. (NASDAQ:RNWK), Equinix, Inc. (NASDAQ:EQIX), and SAVVIS, Inc. (NASDAQ:SVVS).

Fidelity National Information Services (NYSE:FIS) will unveil its latest earnings on Monday, February 13, 2012. The average estimate of analysts is for profit of 65 cents per share, a rise of 1.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 12.4% versus last year to $2.27.

The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by one cent, reporting net income of 62 cents per share against a mean estimate of profit of 61 cents. In the second quarter, the company exceeded forecasts by one cent with net income of 55 cents versus a mean estimate of profit of 54 cents. On average, analysts predict $1.49 billion in revenue this quarter, a rise of 6.4% from the year ago quarter. Analysts are forecasting total revenue of $5.74 billion for the year, a rise of 10.4% from last year’s revenue of $5.2 billion.

Competitors to Watch: Visa Inc. (NYSE:V), Alliance Data Systems Corp. (NYSE:ADS), MasterCard Incorporated (NYSE:MA), American Express Company (NYSE:AXP), NetSpend Holdings Inc (NASDAQ:NTSP), Green Dot Corporation (NYSE:GDOT), Global Payments Inc. (NYSE:GPN), Intl. Business Machines Corp. (NYSE:IBM), M & F Worldwide Corp. (NYSE:MFW), and Total System Services, Inc. (NYSE:TSS).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com