Friday, March 4, 2011

Friday’s Stocks to Watch: Marvell, Cooper

Here are a few stocks to keep on your radar Friday: Marvell Tech (NASDAQ: MRVL ) shares fell more than 8% in early Friday trading after the company missed analysts’ fourth-quarter expectations late Thursday, and said first-quarter profit and revenue would come in below current estimates. Shares of Cooper Cos. (NYSE: COO ) gained 7.5% after the company blew away Wall Street’s fiscal first-quarter earnings estimates and raised earnings per share expectations for fiscal 2011. Spreadtrum Communications (NASDAQ: SPRD ) jumped 10% to $23.79 after the company beat analysts’ fourth-quarter estimates late Thursday, and said first-quarter revenue would top current expectations. On Friday, two small investment firms each raised their price target on the stock to $29. Small-cap ZST Digital Networks (NASDAQ: ZSTN ) was up more than 20% after the company beat a single-analyst estimate for the company’s fourth-quarter result. Flow International (NASDAQ: FLOW ) shares added nearly 11% to $4.54 after the company beat Wall Street’s fiscal third-quarter estimates. Boutique firm Northland Securities raised its price target on the stock to $6.50 from $6.
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