Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of OCZ Technology
So what: It was a mixed report, as the fourth-quarter results fell short of expectations. Revenue jumped to $110.4 million, although the company generated a surprise loss of $0.11 per share when the Street was looking for a profit of $0.09 per share. On the bright side, full-year revenue guidance was fairly strong. OCZ sees fiscal 2013 revenue between $630 million and $700 million, the midpoint of which would be an 80% increase over fiscal 2012.
Now what: Most of this growth is expected to happen in the second half of the year. Analysts were only expecting full-year sales of $513 million. Piper Jaffray is reiterating its overweight rating and whopping $17 price target, expecting upside from demand at Yahoo!. That price target represents over 200% gains from the current price. Looks like investors are focusing on the bottom line miss today, though.
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