STOCKS TO WATCH: Electronic Arts, Network Appliance and Network Computing Devices

2 min read

Expect the following technology stocks to be among Tuesday's most actively traded issues: Electronic Arts, Network Appliance and Network Computing Devices.

  • Electronic Arts (Nasdaq: ERTS)

    Electronic Arts shares figure to rise Tuesday after the video game maker announced its first 2-for-1 stock split in more than seven years.

    Ahead of the news, Electronic Arts closed up 3 5/8 to 89 9/16.

    Company officials said the split will take effect Sept. 8 for all shareholders of record on Aug. 25.

    In its latest quarter, Electronic Arts topped analysts' estimates when it posted a loss of $38.7 million, or 60 cents a share, on sales of $154.8 million.

    Electronic Arts shares moved up to a 52-week high of 124 7/16 in December before slipping to a low of 49 in April.

    Thirteen of the 14 analysts following the stock rate it either a "buy" or "strong buy."

  • Network Appliance (Nasdaq: NTAP)

    The maker of network file serving and caching devices will be worth watching Tuesday after it posted a profit of $32.3 million, or 9 cents a share, on sales of $231.2 million in its first quarter.

    First Call Corp. consensus expected it to earn 8 cents a share in the quarter.

    Including goodwill writedowns and one-time write-offs of in-process R&D, Network Appliance earned almost $5 million, or a penny per share.

    Company executives credited the sales growth to overall market demand.

  • Network Computing Devices (Nasdaq: NCDI)

    NCDI posted a second-quarter loss of $7.6 million, or 46 cents a share, on sales of $13.2 million.

    There was no First Call Corp. consensus estimate for NCDI this quarter.

    In the year-ago quarter, Network Computing Devices (Nasdaq: NCDI) lost $1.8 million, or 11 cents a share, on sales of $27.9 million.

    "Sales in the second quarter were basically flat from the first quarter, and we have significantly adjusted our costs to improve both margins and operating results as the year progresses, even if revenues do not rebound significantly," said CEO Rudolph Morin in a prepared release.

    Last quarter, NCDI posted a loss of $1 a share.

    Its shares closed off 1/32 to 1 1/16 ahead of the earnings report.

    The stock peaked at 9 5/8 in December before falling to a low of 1 in July.