Traders are Watching These 2 Tech as Earnings Approach
Akamai Technologies, Inc. (NASDAQ:AKAM) will unveil its latest earnings on Wednesday, February 8, 2012. The average estimate of analysts is for net income of 31 cents per share, a rise of 3.3% 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 13.9% versus last year to $1.15.
he company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 25 cents per share versus a mean estimate of net income of 26 cents per share. In the second quarter, the company beat estimates by one cent. On average, analysts predict $311 million in revenue this quarter, a rise of 9.2% from the year ago quarter. Analysts are forecasting total revenue of $1.15 billion for the year, a rise of 12.7% from last year’s revenue of $1.02 billion.
Computer Sciences Corp (NYSE:CSC) will unveil its latest earnings on Wednesday, February 8, 2012. The average estimate of analysts is for profit of 57 cents per share, a decline of 63% 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 $1.17. Between one and three months ago, the average estimate moved down. It has been unchanged at 57 cents during the last month. For the year, analysts are projecting net income of $3.68 per share, a decline of 18.4% from last year.
The company beat estimates last quarter after falling short in the prior two. In the second quarter, the company reported profit of 94 cents per share versus a mean estimate of net income of 68 cents per share. In the first quarter, the company missed estimates by 6 cents. Analysts are projecting a decline of 0.7% in revenue from the year-earlier quarter to $3.98 billion.
Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), SAVVIS, Inc. (NASDAQ:SVVS), Cognizant Tech. Solutions Corp. (NASDAQ:CTSH), TeleTech Holdings, Inc. (NASDAQ:TTEC), WidePoint Corporation (AMEX:WYY), Syntel, Inc. (NASDAQ:SYNT), Rackspace Hosting, Inc. (NYSE:RAX), Unisys Corporation (NYSE:UIS), and Zanett, Inc. (NASDAQ:ZANE).
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