Expect the following technology stocks to be among Tuesday's most actively traded issues: Cabletron, Clarus, DoubleClick, Micron Electronics and Portal Software. Cabletron Systems (NYSE: CS)
Cabletron shares will attract some interest Tuesday after the network-equipment maker topped analyst estimates in its third quarter.
Cabletron earned $22 million, or 12 cents a share, excluding goodwill writedowns and a one-time gain.
First Call consensus a profit of 10 cents a share.
In after-hours trading, Cabletron shares traded at 27 1/2. The stock closed Monday's regular trading at 27, down 1 for the session.
Including an expense of $7.5 million for acquisition-related writedowns, and one-time gains of $9.3 million, Cabletron earned $26.1 million, or 14 cents per share, for the quarter ended Nov. 30.
Third quarter revenue rose to $371.7 million, up 4.2 percent sequentially and up 12.7 percent year-over-year. Clarus Corp. (Nasdaq: CLRS)
Clarus shares shot up more than $3 a share in after-hours trading Monday after the business-to-business e-commerce company said it expects to meet or exceed analysts' projections in the fourth quarter.
First Call consensus expects it to lose 62 cents a share in the quarter.
Company officials also said it sees a "favorable" earnings outlook for the year 2000.
Its shares closed up 1 to 44 ahead of the announcement. DoubleClick Inc. (Nasdaq: DCLK)
DoubleClick, which has been on a tremendous run for the past year, gave its investors an early Christmas present Monday, announcing a 2-for-1 stock split.
The online advertising network said the split will occur on Jan. 10 for all shareholders of record on Dec. 31.
In its latest quarter, DoubleClick topped analysts' estimates, losing $5.4 million, or 13 cents a share, on sales of $44.9 million.
Its shares surged to a 52-week high of 209 3/8 earlier this month after trading at just 21 13/16 last December.
Twenty of the 21 analysts following the stock maintain either a "buy" or "strong buy" recommendation. Micron Electronics Inc. (Nasdaq: MUEI)
Micron Electronics should gain ground after it slipped past analysts' estimates in its first quarter Monday, pocketing $14.6 million, or 15 cents a share, on sales of $352.9 million.
First Call consensus pegged the PC manufacturer for a profit of 14 cents a share in the quarter.
Ahead of the earnings report Micron Electronics shares picked up 1/4 to 12 3/8.
The $352.9 million in sales was down compared to the year-ago quarter when it earned $11.6 million, or 12 cents a share, on sales of $403 million.
Last quarter, Micron blew away analysts' estimates last quarter, earning $13.7 million, or 14 cents a share, on sales of $333 million.
Micron Electronics shares moved up to a 52-week high of 22 5/8 last December before bottoming out at 9 in June.
Eleven of the 17 analysts following the stock maintain a "hold" recommendation. Portal Software Inc. (Nasdaq: PRSF)
Portal Software should be on the rise Tuesday after setting a 2-for-1 stock split.
Company officials said the split will take effect on Jan. 19 for all shareholders of record on Dec. 31.
The company, which provides customer-service and billing software, went public in May. It has roughly 79 million shares outstanding currently.
Its shares moved up 1 to 109 1/2 ahead of the announcement but charged up to 118 in after-hours trading.