3 Top Tech Stocks Garner Trading Chatter Before Earnings

Hewlett-Packard Company (NYSE:HPQ) will unveil its latest earnings on Monday, November 21, 2011. The average estimate of analysts is for profit of $1.13 per share, a decline of 15% 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 $1.32. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.13 during the last month. Analysts are projecting profit to rise by 5.7% versus last year to $4.84.

The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported net income of $1.10 per share versus a mean estimate of profit of $1.10 per share. In the second quarter, the company beat estimates by 3 cents. On average, analysts predict $32.1 billion in revenue this quarter, a decline of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $127.19 billion for the year, a rise of 0.9% from last year’s revenue of $126.03 billion.

Competitors to Watch: Dell Inc. (NASDAQ:DELL), Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO), Intl. Business Machines Corp. (NYSE:IBM), EMC Corporation (NYSE:EMC), Super Micro Computer, Inc. (NASDAQ:SMCI), RadiSys Corporation (NASDAQ:RSYS), and Silicon Graphics Intl. Corp (NASDAQ:SGI).

Brocade Communications Systems, Inc. (NASDAQ:BRCD) will unveil its latest earnings on Monday, November 21, 2011. The average estimate of analysts is for profit of 6 cents per share, a decline of 25% 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 7 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 6 cents during the last month. Analysts are projecting profit to rise by 19.4% versus last year to 29 cents.

Last quarter, the company saw net income of 5 cents per share versus a mean estimate of profit of 5 cents per share. This comes after two consecutive quarters of exceeding expectations. On average, analysts predict $527.1 million in revenue this quarter, a decline of 4.2% from the year ago quarter. Analysts are forecasting total revenue of $2.13 billion for the year, a rise of 1.9% from last year’s revenue of $2.09 billion.

Competitors to Watch: EMC Corporation (NYSE:EMC), Emulex Corporation (NYSE:ELX), NetApp Inc. (NASDAQ:NTAP), Hewlett-Packard Company (NYSE:HPQ), Cisco Systems, Inc. (NASDAQ:CSCO), Western Digital Corp. (NYSE:WDC), QLogic Corporation (NASDAQ:QLGC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), and Quantum Corporation (NYSE:QTM).

Analog Devices, Inc. (NYSE:ADI) will unveil its latest earnings on Monday, November 21, 2011. The average estimate of analysts is for profit of 63 cents per share, a decline of 13.7% 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 66 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 64 cents during the last month. For the year, analysts are projecting net income of $2.77 per share, a rise of 16.9% from last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 71 cents per share versus a mean estimate of net income of 73 cents per share. In the second quarter, the company beat estimates by 7 cents. Analysts are projecting a decline of 5.2% in revenue from the year-earlier quarter to $730 million.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), National Semicond. Corp. (NYSE:NSM), Intersil Corporation (NASDAQ:ISIL), Linear Technology Corp. (NASDAQ:LLTC), Maxim Integrated Products Inc. (NASDAQ:MXIM), ON Semiconductor Corp. (NASDAQ:ONNN), Intel Corp (NASDAQ:INTC), Silicon Laboratories (NASDAQ:SLAB), Cirrus Logic, Inc. (NASDAQ:CRUS), Broadcom Corporation (NASDAQ:BRCM), and Micrel, Incorporated (NASDAQ:MCRL).