VeriFone (PAY $39.57 -5.40) reported second quarter earnings of $0.64 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.61, while revenues rose 61.6% year/year to $472 million versus the $471.51 million consensus; non-GAAP rev +64% YoY to $479 mln versus the $465-470 million guidance. The company issues guidance for the third quarter with EPS of $0.68-0.70, excluding non-recurring items, versus the $0.70 consensus and revenues of $495-500 million, may not be comparable to $502.23 million consensus. The company reaffirmed guidance for fiscal year 2012 with EPS of $2.60-2.66, excluding non-recurring items, versus the $2.67 Capital IQ Consensus and revenues of $1.90-1.925 billion, may not compare to the $1.92 billion consensus.

Semtech (SMTC $23.89 +0.19) reported first quarter earnings of $0.27 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus of $0.31, while revenues rose 3.7% year/year to $116.6 million versus the $116.03 million consensus. The company issues in-line EPS guidance for the second quarter with EPS of $0.37-0.45, excluding non-recurring items, versus the $0.42 consensus and revenues of $146-154 million versus the $144.91 million consensus.

Mentor Graphics (MENT $14.40 -0.81) reported first quarter earnings of $0.30 per share, ex-items of $0.06 better than the Capital IQ Consensus of $0.24, while revenues rose 7.8% year/year to $247.9 million versus the $254.94 million consensus. The company issued upside guidance for the second quarter with EPS of $0.17 versus the $0.16 consensus and revenues of approxmately $240 million versus the $239.37 mln consensus. The comapny issued mixed guidance for fiscal year 2013 with EPS of $1.37, ex-itmes versus the $1.30 consensus and above prior guidance of $1.32 with revenues of approxmately $1.1 billion versus the $1.1 billion consensus.

Riverbed Technology (RVBD $15.66 +0.14) was initiated with a Buy at Gabelli & Co saying they believe Riverbed is well positioned to capitalize on the explosive growth of global long-distance data traffic, infrastructure consolidation (data centers, servers, networks, and enterprise storage), the globalization of information technology infrastructure, cloud computing, and virtualization. Firm says the network equipment market is expected to grow 8.7% and reach $39.4 billion in 2012 according to IDC.