STOCKS TO WATCH: E-Tek Dynamics, Rogue Wave, StarMedia and Terayon

E-Tek should be rewarded Wednesday after it beat Street estimates in its third quarter.

The maker of components for optical networks pocketed $17.3 million, or 24 cents a share, excluding goodwill writedowns.

First Call consensus expected it to earn 21 cents a share in the quarter.

Including amortization, E-Tek earned $12.1 million, or 17 cents per share.

Third quarter revenue rose to $90.6 million, up 83 percent from $49.5 million in the year ago period.

Tuesday's announcement could mark the last quarterly report from E-Tek. The company currently expects its pending sale to rival JDS Uniphase (Nasdaq: JDSU) to be concluded in the second quarter of calendar 2000.

Two ways to look at Rogue Wave's second-quarter results:

It did post a smaller-than-expected loss, losing $112,000, or 1 cent a share, on sales of $13 million.

But that $13 million was only up 3 percent from the year-ago quarter.

Ahead of the earnings report, Rogue shares closed off 3/4 to 6 3/4.

Last quarter, Rogue Wave posted a loss of $507,000, or 5 cents a share, on sales of $12.6 million.

First Call consensus expects it to lose 3 cents a share in the fiscal year.

Rogue Wave shares hit a 52-week high of 12 7/8 in February after falling to a low of 4 3/8 in November.

All three analysts following the Boulder, Colo.-based company maintain a "hold" recommendation.

Bet on StarMedia to snap out of its malaise of late after topping analysts' estimates in its first quarter Tuesday.

The Spanish- and Portuguese-language Internet portal posted a loss of $35.1 million, or 54 cents a share, on sales of $10.1 million.

Analysts expected it to lose 64 cents a share in the quarter.

Its shares closed up 1/2 to 25 1/2 ahead of the earnings announcement.

The $10.1 million in sales marks a staggering 531 percent improvement from the year-ago quarter when it lost $15.6 million, or 35 cents a share, on sales of $1.6 million.

More important, however, was the company's impressive growth in page views for the quarter.

Total page views shot up to 2.1 billion in the quarter, a stunning 1,492 percent improvement from the year-ago quarter and a 28 percent jump from the fourth quarter.

Company officials said it exited the quarter with 3.3 million active e-mail accounts, up 670 percent from the year-ago quarter and 32 percent higher than the previous quarter.

StarMedia shares hit the skids last week, falling to a 52-week low of 21 after peaking at 70 in June.

First Call consensus expects it to lose $2.36 a share in the fiscal year.

Eight of the nine analysts tracking the stock maintain either a "buy" or "strong buy" recommendation.

One of the hottest broadband stocks around of late, Terayon figures to climb even higher Wednesday after it handily topped Street estimates in its first quarter.

Terayon earned $1.9 million, or 6 cents a share, on sales of $59.3 million, well above the consensus estimate of 4 cents a share.

Its shares closed off 4 3/4 to 162 3/4 ahead of the announcement.

In the year-ago quarter, it lost $4.3 million, or 23 cents a share, on sales of $15.8 million.

Seven of the eight analysts following the stock maintain either a "buy" or "strong buy" recommendation.