Zales EXPECTS Momentum to Continue and 4 Hot Stocks Demanding Attention

OmniVision Technologies, Inc. (NASDAQ:OVTI):  OmniVision Technologies, Inc.’s fiscal first quarter earnings fell 94% as the chip maker’s revenue weakened and margins slumped. However, shares rose 10% to $16.53 in pre-market trading as revenue topped expectations. Shares of OmniVision Technologies, Inc. are trading at 3.71% higher today.

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Ciena Corporation (NASDAQ:CIEN):  After the maker of networking gear posted disappointing earnings and a weaker than expected revenue forecast, Ciena Corporation’s shares fell 19.5% to close at $13.46.  According to a note written by Nomura analyst Stuart Jeffrey, “Management has so far given no specific reason for the disappointing revenue guidance, we are experiencing the effects of ongoing macro-economic challenges and slower than expected roll outs of new design wins.” Shares of Ciena Corporation are trading at 1.11% higher today.

Zale Corporation (NYSE:ZLC):  Zale Corporation announced their  first annual profit since 2008. There was an increase in sales during their most recent quarter as pricier jewelry was purchased by prospective brides and grooms. However, the mall retailer, which caters to middle-class shoppers looking for affordable jewelry, reported a narrower quarterly loss and chalked up their seventh straight quarter of same store sales gains. They expect that momentum to continue in the fiscal year that began this month. Shares of Zale Corporation are trading at 8.15% higher today.

Splunk Inc (NASDAQ:SPLK):  Splunk Inc.’s  fiscal second quarter loss increased as the data-analysis software firm saw growing expenses continue to mask stronger revenue. After the company boosted their full year revenue guidance and topped their revenue predictions for the latest period, shares jumped 16% in the pre-market to $35.24.  Shares of Splunk Inc. are trading at 15.80% higher today.

Zumiez Inc. (NASDAQ:ZUMZ):  Zumiez Inc.’s  fiscal second quarter earnings slipped 19% as expenses increased. The teen apparel retailer also reported August same store sales growth below analyst expectations. Shares sank 12% to $28.25 in the pre-market as the company also projected current quarter earnings below Wall Street estimates. Shares of Zumiez Inc. are trading at 11.27% lower today.

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