Tech Stocks from Briefing.com

Briefing.com

  • Cree (CREE) reported third quarter earnings of $0.39 per share, which is higher than expected, while revenues rose 16.1% year/year to $405.2 million which is in line with estimates. Gross margin decreased 50 basis points from Q2 of fiscal 2014 to 37.0% on a GAAP basis and decreased 40 basis points to 37.8% on a non-GAAP basis. The company issued guidance for the fourth quarter with EPS of $0.38-0.44 which is line with estimates and revenues of $430-460 million which is line with estimates. Operating expenses are targeted to increase $7 million from Q3. Non-GAAP gross margin targeted to be 37.5%+/- 
  • VMware (VMW) reported first quarter earnings of $0.80 per share, which is higher than expected, while revenues rose 14.2% year/year to $1.36 billion which is line with estimates. Excluding revenues attributable to Pivotal and all divestitures that occurred in 2013, revenues for the first quarter increased 18% from the first quarter of 2013. Non-GAAP operating income for the first quarter was $423 million, an increase of 9% from the first quarter of 2013. 
  • Juniper Networks (JNPR) reported first quarter earnings of $0.29 per share, which is one with estimates, while revenues rose 10.5% year/year to $1.17 billion which is with estimates. The company issued guidance for the second quarter with EPS of $0.36-0.39 which is line with estimates and revenues of $1.20-1.23 billion which is line with estimates. The company reaffirmed guidance for the fiscal year 2014 with revenues of $5.94-6.10 billion which is line with estimates; operating margin ~31%. 
  • Skyworks (SWKS) reported second quarter earnings of $0.62 per share, which is higher than expected, while revenues rose 13.1% year/year to $481.0 million which is higher than expected. The company issued guidance for the third quarter with EPS of approximately $0.73, excluding non-recurring items, which his above estimates and revenues of approximately $535 million which is higher than expected. "Skyworks exceeded guidance across all key metrics last quarter and is set to substantially outpace the broader semiconductor industry as we capitalize on increasing analog system complexity driven by the Internet of Things."

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