2 Tech Earnings to Watch This Week
The following video is part of our "Motley Fool Conversations" series, in which senior technology analyst Eric Bleeker and consumer goods editor/analyst Austin Smith discuss topics across the investing world.
Ciena and OmniVision are set to release earnings on Thursday. Both are beaten-down stocks that have been punished dearly this year. Eric takes a look at both stocks and what investors should be tuning into when they announce earnings. In Ciena's case, its revenue rebound looks more optimistic than competitors like Tellabs and Alcatel-Lucent, and with their next reports a couple months away, Eric is looking forward to any status updates on the global telecom scene, as macro conditions have dramatically taken a turn to the more ominous in recent weeks. When it comes to OmniVision, the company is looking at a steep drop-off in revenue compared to last year. That's an unfortunate situation that will continue for the company unless it can haul in another big Apple win. Likewise, its earnings call will give some nice forward-looking views into the company's attempts to move onto the next generation of BSI technology and diversify its revenue. To see Eric's full thoughts, watch the video below.
Both OmniVision and Ciena have at times soared on the promise of mobile, and have both come crashing back as opportunities fizzled in the space. However, that doesn't change the fact smartphones are now a market substantially larger than PCs, and will continue growing. Some companies are making money -- and lots of it. The Motley Fool has just released a free report on mobile called "The Next Trillion-Dollar Revolution" that details a hidden component play inside mobile phones that also is a leader in the exploding Chinese market. Inside the report, we not only describe why the mobile revolution will dwarf any other technology revolution seen before it, but we also name the company at the forefront of the trend. Hundreds of thousands have requested access to previous reports, and you can access this new report today by clicking here -- it's free.
At the time this article was published Austin Smithhas no positions in the stocks mentioned above.Eric Bleekerhas no positions in the stocks mentioned above. The Motley Fool owns shares of Apple.Motley Fool newsletter services recommendApple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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