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ATCA/Standard Servers

Earnings Adventures

2:20 PM --

Upside
Apparently, it's still possible to beat Wall Street expectations. Who knew?

ATCA vendor Radisys Corp. (Nasdaq: RSYS) is up $1.79 (34%) at $7.05 midday after reporting fourth-quarter numbers. Revenues of $88.7 million beat the Wall Street consensus of $84.5 million, according to Thomson First Call . Earnings per share came in at 12 cents, above the Street's estimate of 9 cents. (See RadiSys Posts Q4.)

On top of that, RadiSys didn't disappoint with first-quarter predictions. Revenues will be down, at $73 million to $76 million, but that's about what analysts expected.

NetLogic Inc. came out a winner from yesterday's earnings, too. Profits of 30 cents per share compared with analysts' expectations of 23 cents. Netogic is up $3.76 (18%) at $24.34. (See NetLogic Reports Q4.)

Downside
Shares of JDSU (Nasdaq: JDSU; Toronto: JDU) are up 20 percent from last week, if you include today's surge, but there's some nervousness around tomorrow's earnings call, based on what other optical companies have been saying.

Bookham Inc. (Nasdaq: BKHM; London: BHM) and Oplink Communications Inc. (Nasdaq: OPLK) both lowered their forecasts drastically this week. Bookham's news got buried under the Avanex Corp. (Nasdaq: AVNX) merger, but its March-quarter prediction of $43 million to $50 million in revenues was a big disappointment next to analyst expectations of $61 million. (See Bookham, Avanex Tie the Knot and Bookham, Avanex Defend Their Deal.)

Oplink Communications Inc. (Nasdaq: OPLK) thinks its revenues this quarter will be $28 million to $32 million, down from an already lowered analyst consensus of $35 million. (See Oplink Reports Q2.)

And then ...
It's reasonable to expect Cisco Systems Inc. (Nasdaq: CSCO) to make its targets when it reports second-quarter earnings today. Looking ahead to its third quarter, which ends in April, analysts expect Cisco to have revenues of $8.7 billion. If Cisco's forecast comes in any lower... well, that'll be our headline.

— Craig Matsumoto, West Coast Editor, Light Reading

Pete Baldwin 12/5/2012 | 4:12:30 PM
re: Earnings Adventures On the optical side, adding fuel to the fire: Finisar pre-announces and plans to lay off 200:

http://www.lightreading.com/do...
Pete Baldwin 12/5/2012 | 4:12:23 PM
re: Earnings Adventures Missed by 11 cents this a.m. Didn't have time to hear the call or write anything up - JDSU's results should be out in minutes.
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