KLA-Tencor and Emulex Corp Stocks Generate Demand as Earnings Reports Approach

KLA-Tencor Corp (NASDAQ:KLAC) will unveil its latest earnings on Thursday, January 26, 2012.The average estimate of analysts is for net income of 66 cents per share, a decline of 40% 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 94 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 66 cents during the last month. Analysts are projecting profit to rise by 27.7% versus last year to $3.55.

The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of $1.17 per share versus a mean estimate of net income of $1.17 per share. In the fourth quarter of the last fiscal year, the company beat estimates by 14 cents. On average, analysts predict $628.8 million in revenue this quarter, a decline of 18% from the year ago quarter. Analysts are forecasting total revenue of $2.84 billion for the year, a decline of 10.7% from last year’s revenue of $3.18 billion.

Competitors to Watch: Rudolph Technologies, Inc. (NASDAQ:RTEC), Nanometrics Incorporated (NASDAQ:NANO), Nova Measuring Instruments Ltd. (NASDAQ:NVMI), Applied Materials, Inc. (NASDAQ:AMAT), Zygo Corporation (NASDAQ:ZIGO), Camtek LTD. (NASDAQ:CAMT), CyberOptics Corporation (NASDAQ:CYBE), Lam Research Corporation (NASDAQ:LRCX), LTX-Credence Corporation (NASDAQ:LTXC), and Cohu, Inc. (NASDAQ:COHU).

Emulex Corp (NYSE:ELX) will unveil its latest earnings on Thursday, January 26, 2012. The average estimate of analysts is for profit of 13 cents per share, a rise of more than twofold 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 9 cents. Between one and three months ago, the average estimate moved up. It has risen from 10 cents during the last month. Analysts are projecting profit to rise by 288.9% versus last year to 35 cents.

The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 2 cents, reporting net income of 6 cents per share against a mean estimate of profit of 4 cents. In the fourth quarter of the last fiscal year, the company exceeded forecasts by 6 cents with net income of 7 cents versus a mean estimate of profit of one cent. On average, analysts predict $126.5 million in revenue this quarter, a rise of 11% from the year ago quarter. Analysts are forecasting total revenue of $493.4 million for the year, a rise of 9% from last year’s revenue of $452.5 million.

Competitors to Watch: Brocade Communications Systems, Inc. (NASDAQ:BRCD), QLogic Corporation (NASDAQ:QLGC), LSI Corporation (NYSE:LSI), Hewlett-Packard Company (NYSE:HPQ), EMC Corporation (NYSE:EMC), Intel Corporation (NASDAQ:INTC), Dell Inc. (NASDAQ:DELL), Oracle Corporation (NASDAQ:ORCL), Cisco Systems, Inc. (NASDAQ:CSCO), and Intl. Business Machines Corp. (NYSE:IBM).