Seeking Alpha

Tech earnings guidance: AVG, Equinix, Veeco, Arris

  • AVG expects 2014 revenue of $365M-$405M and EPS of $1.80-$2.10, in-line with a consensus of $394.3M and $1.92. Shares +7.8% AH. (Q4 results, PR)
  • Equinix (EQIX) expects Q1 revenue of $572M-$576M and 2014 revenue of more than $2.38B. Those figures are unfavorable to consensus estimates of $578.5M and $2.41B. Full-year adjusted EBITDA is expected to be above $1.1B, up from 2013's $1B. The 2014 capex budget is set at $550M-$600M. Shares +2.3% AH. (Q4 results, PR)
  • Veeco (VECO) expects Q1 revenue of $85M-$95M, above an $80.8M consensus. Q4 bookings totaled $85M, -7% Q/Q but above revenue of $73.2M. Shares +3.5% AH. (Q4 results, PR)
  • Arris (ARRS) expects Q1 revenue of $1.17B-$1.21B and EPS of $0.42-$0.47 vs. a consensus of $1.15B and $0.46. Q4 book-to-bill was 1.01, and order backlog stood at $538.6M at quarter's end. Shares +2.4% AH. (Q4 results, PR)

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