OmniVision (NASDAQ:OVTI): Oppenheimer downgraded OmniVision to Perform from Outperform, as the firm no longer expects the company’s gross margins to expand given competition and volatility in product mix.
Joy Global (NASDAQ:JOY): After Joy reported stronger-than-expected third-quarter results but provided 2014 guidance that the firm views as weak, William Blair sharply lowered its 2014 earnings per share estimate. However, the firm thinks that the chances of another negative catalyst surfacing have diminished. It keeps a $60 price target and an Outperform rating on the shares.
Odyssey Marine (NASDAQ:OMEX): Lake Street views Odyssey Marine shares as oversold and thinks the shares will likely bounce once there is more information available on the company’s minerals projects.
Ciena (NASDAQ:CIEN): FBR Capital believes Ciena is benefiting from an optical upgrade cycle, and it expects the company to report stronger-than-expected results for its July quarter. However, the firm expects the company’s guidance for its October quarter to be in line with expectations, and it warns that its revenue recognition could be lumpy. Nevertheless, the firm reiterates an Outperform rating on the shares.