2 Tech Companies Soaring Today

In the following video, Senior Technology Analyst Eric Bleeker takes a look at tech stocks that soared today. First off, Eric looks at OmniVision, which just issued massive foward guidance. The company forecasted revenue at $355 million to $390 million next quarter, while Wall Street had been expecting $270 million. Its pretty clear OmniVision has taken larger share in the upcoming iPhone 5 with that kind of guidance, but Eric is surprised the company's gains today were so low especially when you consider another iPhone supplier that recently posted similarly bullish foward guidance, Cirrus Logic has seen massive gains since. 

Second up is SplunkThe big data company was up 13% after reporting better than expected earnings and sits in the central of a massive trend in big data. However, at about 25 times trailing sales, Eric thinks its a bit pricey for investors out there and recommends it as a watchlist stock if it pulls back. To see Eric's full thoughts, watch the video below.

If you're an OmniVision investor, its amazing forward guidance is just once again proof of how impressive the iPhone 5 launch will be. If you’re looking for a recommendation on how to play Apple, or how its results can affects suppliers like OmniVision or Cirrus Logic, we’ve created a brand new report that details when to buy and sell Apple and comes with continuing guidance and updates. To get started, just click here now.

Eric Bleeker owns shares of Cirrus Logic. The Motley Fool owns shares of Apple and Cirrus Logic. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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