Tech Stocks Rise On Broader Rally (SIRI, PLXT, TYPE, FIRE, QNST, AMZN)
Sirius XM Radio Inc (NASDAQ:SIRI) is up 0.22% to $2.27 on a traded volume of 50.08 million shares after the Company released first quarter results. Profit was $107.7 million or 2 cents per share versus $78.2 million or 1 cent per share in the prior year period. Revenue jumped 11% to $804.7 million. However, analysts forecast earnings of 2 cents on revenue of $804 million. Operating margin rose to 24.8% from 22.7%. Net subscriber additions increased 8.4% to 404,596.
PLX Technology Inc (NASDAQ:PLXT) jumped up 66.38% to $6.62 on a traded volume of 2.83 million shares following the Company released first quarter results. Net revenues were $25.4 million compared to $28.1 million in the first quarter of 2011.Net loss was $7.4 million compared to $9.1 million in the previous year period. Loss per share was 0.17 per share versus 0.21 per share in the previous year period.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) increased 2.61% to $14.57. The Company reported first quarter revenue of $34.3 million, an increase of 16%. Net income was $5.7 million compared to $5.4 million in the first quarter of 2011. Earnings per diluted share were $0.15 compared to $0.15 in the same period in 2011. The Company expects revenue in the range of $37.5 million to $39.0 million for second quarter of 2012. The Company anticipates second quarter 2012 non-GAAP net adjusted EBITDA in the range of $14.5 million to $16.0 million.
Sourcefire Inc (NASDAQ:FIRE) jumped up 12.55% to $57.35 following the Company released first quarter results. Net income was $0.1 million or break even per share compared to $0.5 million or $0.02 per share in the prior year period. Adjusted net income was $3.4 million or $0.11 per share compared to $1.2 million or $0.04 per share in the first quarter last year. Revenues increased 50% to $46.3 million. The Company expects
earnings to be in the range of $0.00 to $0.02 per share in the second quarter. The revenue is expected to be between $46.5 million and $48.5 million in the second quarter.
QuinStreet Inc (NASDAQ:QNST) declined 14.75% to $8.96 after the Company released third quarter results. Net income was $2.9 million or 6 cents per share versus $6.3 million or 13 cents per share in the prior year period. Revenue declined 14% to $93 million. Gross margin fell to 22.3% from 27%.
Amazon.com Inc (NASDAQ:AMZN) is up marginally 0.27% to $232.62. On Friday, the stock soared after the Company reported first quarter net income of $0.28 per share compared to $0.44 per share in the prior year period. However, the consensus estimate was $0.07. Net sales increased to $13.18 billion from $9.86 billion in the previous year period.