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Tech Industry

STOCKS TO WATCH: Cable Design Technologies, Cognos and Engage

Expect the following technology stocks to be among Thursday's most actively traded issues: Cable Design Technologies, Cognos and Engage.

  • Cable Design Technologies (NYSE: CDT)

    CDT shares will be on the move Thursday after the company easily topped analysts' estimates in its fourth quarter, raking in $17.4 million, or 39 cents a share, on sales of $227.1 million.

    First Call Corp. consensus expected the maker of high-speed network connectivity products to earn 34 cents a share in the quarter.

    Its shares closed off 6 cents to $25.06 ahead of the earnings report.

    In the year-ago quarter, Cable Design Technologies earned $13.4 million, or 31 cents a share, on sales of $183.9 million.

    In the fiscal year, CDT earned $54.8 million, or $1.24 a share, on sales of $797.8 million. In fiscal 1999, it made $42.9 million, or 98 cents a share, on sales of $684 million.

  • Cognos (Nasdaq: COGN)

    The Canadian software developer will be active after it beat the Street in its second quarter, earning $16.5 million, or 18 cents a share, on sales of $118.2 million.

    Analysts were expecting a profit of 17 cents a share.

    In the year-ago quarter, it earned $12.8 million, or 15 cents a share, on sales of $88.1 million.

    Its shares closed up $2.38 to $43 ahead of the earnings report.

  • Engage Technologies (Nasdaq: ENGA)

    Engage will be very interesting to watch Thursday after it posted a smaller-than-expected loss in its fourth quarter and announced a major restructuring plan that will eliminate 175 jobs.

    In the quarter, Engage lost $23.9 million, or 14 cents a share, on sales of $66.7 million.

    First Call Corp. consensus expected the online advertising and marketing firm to lose 28 cents a share in the quarter.

    Its shares closed off 44 cents to $8.06 ahead of the earnings report.

    Including a variety of charges, Engage posted a net loss $112.3 million, or 64 cents a share, in the quarter.

    In the fiscal year, Engage dropped $377.9 million, or $2.61 a share, on sales of $176.8 million compared to a loss of $46.6 million, or 61 cents a share in fiscal 1999.