4 Tech Stocks Investors are Watching After Earnings

Sina Corporation (NASDAQ:SINA) in the second quarter as profit dropped from a year earlier. Net income for Sina Corporation fell to $10 million (15 cents per share) vs. $25.2 million (38 cents per share) a year earlier. This is a decline of 60.5% from the year earlier quarter. Revenue rose 19.7% to $119 million from the year earlier quarter. SINA reported adjusted net income of 20 cents per share. By that measure, the company beat the mean estimate of 18 cents per share. It beat the average revenue estimate of $114.7 million.

“SINA’s brand advertising business was robust in the second quarter, despite growing on top of a large base, in part benefiting from the elevation of SINA’s media brand as the popularity of Weibo.com spread in China,” said Charles Chao, CEO of SINA, “Launched less than two years ago, Weibo.com has become an online phenomenon with registered accounts recently surpassing 200 million.”

Competitors to Watch: Sohu.com Inc. (NASDAQ:SOHU), Baidu.com, Inc. (NASDAQ:BIDU), Google Inc. (NASDAQ:GOOG), Yahoo! Inc. (NASDAQ:YHOO), NetEase.com, Inc. (NASDAQ:NTES), Youku.com Inc (NYSE:YOKU), Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA), Rediff.com India Ltd. (NASDAQ:REDF), and AOL, Inc. (NYSE:AOL).

Netease.com, Inc. (NASDAQ:NTES) reported net income above Wall Street’s expectations for the second quarter.Net income for Netease.com, Inc. rose to $119.5 million (91 cents per share) vs. $71.6 million (55 cents per share) in the same quarter a year earlier. This marks a rise of 66.9% from the year earlier quarter.Revenue rose 39% to $268.2 million from the year earlier quarter. NTES beat the mean analyst estimate of 78 cents per share. It beat the average revenue estimate of $246.2 million.

William Ding, Chief Executive Officer and Director of NetEase, stated, “For the second quarter of 2011, we delivered strong quarter-over-quarter and year-over-year growth across our online games and advertising services. Second quarter online games revenue increased 13.9% quarter-over-quarter driven by our newly launched self-developed game, Ghost, as well as continued demand for Fantasy Westward Journey and World of Warcraft, a game licensed from Blizzard Entertainment. Online games revenue increased by 33.6% year-over-year, mainly as a result of the growth in our self-developed games, including Fantasy Westward Journey, Ghost, Westward Journey Online II, Tianxia II and Heroes of Tang Dynasty, along with continued revenue growth from World of Warcraft.”

Competitors to Watch: Sohu.com Inc. (NASDAQ:SOHU), Baidu.com, Inc. (NASDAQ:BIDU), SINA Corporation (NASDAQ:SINA), Giant Interactive Group Inc (NYSE:GA), Perfect World Co., Ltd. (NASDAQ:PWRD), Shanda Interactive Entertainment Ltd ADR (NASDAQ:SNDA), The9 Limited (NASDAQ:NCTY), Shanda Games Limited (NASDAQ:GAME), and China Telecom Corp. Ltd. (NYSE:CHA).

JDS Uniphase Corporation (NASDAQ:JDSU) reported net income above Wall Street’s expectations for the fourth quarter.Net income for the communication equipment company rose to $9.3 million (4 cents per share) vs. $1.5 million (one cent per share) in the same quarter a year earlier. This marks a substantial increase from the year earlier quarter.Revenue rose 20.7% to $471.8 million from the year earlier quarter. JDSU reported adjusted net income of 23 cents per share. By that measure, the company beat the mean estimate of 18 cents per share. Analysts were expecting revenue of $466.4 million.

“JDSU delivered solid fiscal fourth quarter and full year financial results.Revenue for the year grew over 32% and operating profits more than doubled,” said Tom Waechter, JDSU’s President and Chief Executive Officer.”Currently we are seeing macro-economic challenges and inventory corrections which we believe will be short-term in nature as the end market drivers remain strong.”

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).

NetApp, Inc. (NASDAQ:NTAP) as the data storage devices company saw profit fall in the first quarter. Net income for the data storage devices company fell to $139.5 million (34 cents per share) vs. $150.7 million (40 cents per share) a year earlier. This is a decline of 7.4% from the year earlier quarter. Revenue rose 26% to $1.46 billion from the year earlier quarter. NTAP reported adjusted net income of 55 cents per share. By that measure, the company beat the mean estimate of 45 cents per share. It fell short of the average revenue estimate of $1.51 billion.

“Despite the challenging macroeconomic environment modestly impacting our revenue growth, NetApp still produced earnings per share slightly above the midpoint of our targeted range.The company achieved record levels of FAS6000 systems sales, near record numbers of new enterprise customer wins, and our new E-series sales exceeded our forecast,” said Tom Georgens, president and CEO.”Our gross margin performance demonstrates the strength of our competitive position in the market, helping us to achieve healthy operating results and earnings per share.”

Competitors to Watch: EMC Corporation (NYSE:EMC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), Quantum Corporation (NYSE:QTM), ADPT Corporation (ADPT), Xyratex Ltd. (NASDAQ:XRTX), Seagate Technology PLC (NASDAQ:STX), Western Digital Corp. (NYSE:WDC), Brocade Communications Systems, Inc. (NASDAQ:BRCD), and Intl. Business Machines Corp. (NYSE:IBM).