STOCKS TO WATCH: Analog Devices, BEA Systems, Network Appliance and Sycamore

Analog Devices will be on the move Wednesday after it easily topped analysts' estimates in its fourth quarter, earning $206.5 million, or 54 cents a share, on sales of $806 million.

First Call Corp. consensus expected the chipmaker to earn 50 cents a share in the quarter.

Its closed up $7.31, or 15 percent, to $55.50.

The $806 million in sales represents an 87 percent improvement from the year-ago quarter when it pocketed $73.2 million, or 20 cents a share, on sales of $431 million.

Looking ahead, company officials said it expects sales to improve 7 percent to 10 percent sequentially in the first quarter and earnings should come in around 58 cents to 60 cents a share.

The stock moved up to a 52-week high of $103 in August after falling to a low of $27.06 last November.

BEA Systems should be active after it topped analysts' estimates in its third quarter, pocketing $31.3 million, or 7 cents a share, on sales of $224 million.

Analysts were expecting a profit of 6 cents a share.

In the year-ago quarter, it earned $10.4 million, or 3 cents a share, on sales of $126.5 million.

The stock closed up $7.94, or 13 percent, to $70.94 ahead of the earnings report.

Network Appliance's going to see some action after it topped analysts' estimates in its second quarter, earning $36.6 million, or 10 cents a share, on sales of $260.8 million.

First Call Corp. consensus expected the computer network storage maker to earn 9 cents a share.

Its shares closed up $11.75, or 14 percent, to $96.25 ahead of the earnings report.

The $260.8 million in sales marks a 109 percent improvement from the year-ago quarter when it raked in $16.1 million, or 5 cents a share, on sales of $124.7 million.

Network Appliance also announced that it has completed its $75 million acquisition of WebManage Technologies, a developer of content distribution and analysis software.

Sycamore Networks should gain ground after topping the Street estimate in its first quarter, earning $6 million, or 2 cents a share, on sales of $120.4 million.

First Call Corp. consensus expected it to earn a penny a share in the quarter.

Sycamore shares moved up $3.94 to $64.44 ahead of the earnings report.

Including amortization and other charges, Sycamore lost $26.2 million, or 11 cents per share.

"The fundamental drivers behind Sycamore's growth have remained strong, and our newest product introductions are being favorably received by current and prospective customers," said CEO Dan Smith in a prepared release.