NEW YORK (CNNfn) - More than a dozen well-known technology names will report quarterly earnings the week of October 9-13, giving investors more solid evidence of how semiconductor, Internet, and PC companies fared between July and September.
Redback Networks -- designs communications systems for deploying Digital Subscriber Line (DSL), cable, and wireless Internet access. Redback (RBAK: Research, Estimates) is growing rapidly and has a market valuation that reflects that fact. Its market value is $19 billion, even though its revenue in the second quarter was only $48.7 million. Pro forma net loss for the second quarter was $5.7 million, or 5 cents per share. Analysts expect the company to lose 2 cents per share in the third quarter when it reports on Oct. 11, according to First Call.
Juniper Networks -- makes high-speed Internet backbone routers used to direct data along phone company networks. Juniper (JNPR: Research, Estimates) has been successful competing against the much larger Cisco Systems in the high-end router market, with revenue for the first six months of 2000 reaching $176.9 million, compared with $27.6 million for the same six-month period in 1999. Pro forma net income for the first six months of the year was $39.1 million, or 11 cents per share. When Juniper reports its third-quarter results on Oct. 12, analysts expect the company to have net income of 9 cents per share, according to First Call.
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