Tech Stocks Luring Traders Before Earnings

NetApp (NASDAQ:NTAP) will unveil its latest earnings on Wednesday, February 15, 2012. The average estimate of analysts is for profit of 44 cents per share, a rise of 4.8% 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 52 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 44 cents during the last month. Analysts are projecting profit to rise by 5.1% versus last year to $1.85.

The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 50 cents per share against a mean estimate of profit of 49 cents per share. In the first quarter, it missed forecasts by 2 cents. Analysts predict a rise of 22.8% in revenue from the year-earlier quarter to $1.56 billion.

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).

NetEase.com Inc. (NASDAQ:NTES) will unveil its latest earnings on Wednesday, February 15, 2012. The average analyst estimate is for net income of $1.02 per share, a rise of 22.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 94 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.02 during the last month. Analysts are projecting profit to rise by 45.4% compared to last year’s $3.78.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 13 cents, reporting profit of 99 cents per share against a mean estimate of net income of 86 cents per share. Analysts are projecting a rise of 26.9% in revenue from the year-earlier quarter to $314.1 million.

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).

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