Best Tech Stocks To Watch Right Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Sanmina (NASDAQ: SANM  ) have popped today by as much as 16% after the company reported earnings.

So what: Revenue in the fiscal second quarter was $1.43 billion, and non-GAAP earnings per share came in at $0.30. That top-line result was in line with consensus estimates while the bottom-line was a beat relative to�estimates. CEO Jure Sola said the company continues to face a "soft market environment" but that Sanmina continues to invest in technology and services, with new program ramps on the horizon.

Now what: The company provided outlook for the coming quarter ending June, with revenue expected in the range of $1.45 billion to $1.5 billion. Non-GAAP earnings per share should be $0.32 to $0.38. Following the results, Needham boosted its price target on the stock from $12 to $13 while keeping its buy rating, citing solid execution amid a tough environment. The analyst believes infrastructure leverage will pay off later in the year along with cost efficiencies.

Best Tech Stocks To Watch Right Now: Wolfson Microelectronics(WLF.L)

Wolfson Microelectronics plc, a semiconductor company, engages in the design, manufacture, and supply of mixed-signal integrated circuits for the digital consumer electronics market worldwide. The company?s products include mono, multi-channel, stereo, and stereo low power ADCs; audio amplifiers; audio hubs; HDA, mono, mono low power, multi channel, stereo, and stereo low power CODECs, as well as stereo low power CODECs with touch screen controller and low power CODECs with integrated video buffer; multi channel, stereo, and stereo low power DACs; imaging ADCs; myZone ANC; power management products, power management with audio, and processors; S/PDIF transceivers; and true mics. Its products are used in portable battery operated products, such as mobile phones, portable media players, headsets/headphones, portable navigation devices, eBook readers, handheld game consoles, and digital cameras; and mains operated products, including Hi-Fi, flat panel televisions, Blu-ray pl ayers, set-top boxes, games consoles, and multi-functional printers and scanners. Wolfson markets and sells its products directly to original equipment manufacturer customers; and through independent distributors primarily in Japan, the Asia Pacific, Europe, and the Americas. The company was founded in 1984 and is headquartered in Edinburgh, the United Kingdom.

Best Tech Stocks To Watch Right Now: Perceptron Inc.(PRCP)

Perceptron, Inc. develops, produces, and sells non-contact measurement and inspection solutions in the Americas, Europe, and Asia. It offers AutoGauge systems that are used in the assembly and fabrication plants of automotive manufacturers; AutoGauge Plus, which offers freeform surface scanning and discrete feature measurement in one solution; AutoFit systems that are used in automotive manufacturing plants to contain, correct, and control the fit of exterior body panels; AutoScan systems, which provide a non-contact method of gathering data for the analysis of the surface contour of a part or product; and AutoGuide systems to calculate the difference between theoretical and actual relationships of a robot and the part being assembled, and send compensation data in six degrees of freedom to the robot. The company also offers ScanWorks, a hardware/software component set that allows customers to add digitizing capabilities to their machines or systems; ScanWorks xyz, a 3D sc anning solution designed for retrofitting 3-axis machines; ToolKit, a software solution for CMM manufacturers, system integrators, and application software developers; WheelWorks software and sensors that offer a non-contact method of measuring wheel position for use in automated or manual wheel alignment machines in automotive assembly plants; and Multi-line Sensors for use in automotive assembly plant wheel alignment systems. In addition, it manufactures visual inspection devices and accessories for the mechanical market; plumbing diagnostic equipment, meter imager systems, line detector accessories, and handheld inspection devices for the plumbing market; optical inspection devices for the construction and DIY market; and imaging solutions for the electrical market, as well as offers value-added services, including training, field services, launch support, consulting, maintenance agreements, repairs, and software tools. The company was founded in 1981 and is headquartered in Plymouth, Michigan.

Best Undervalued Companies To Buy For 2014: Motricity Inc.(MOTR)

Motricity, Inc. enables mobile operators, brands, and advertising agencies to maximize the reach and economic potential of the mobile ecosystem through the delivery of relevance-driven merchandising, marketing, and advertising solutions. It leverages predictive analytics capabilities to deliver the right content, to the right person at the right time. Motricity, Inc. provides their entire suite of mobile data service solutions through a managed service platform. The company was formerly known as Power By Hand, Inc. and changed its name to Motricity, Inc. in October 2004. Motricity, Inc. was incorporated in 2004 and is headquartered in Bellevue, Washington.

Best Tech Stocks To Watch Right Now: MEDIWARE Information Systems Inc.(MEDW)

Mediware Information Systems, Inc., together with its subsidiaries, engages in the design, development, and marketing of software solutions targeting specific processes within healthcare institutions. The company offers software systems consisting of company's proprietary application software, and third-party licensed software and hardware. It licenses, implements, and supports clinical and performance management, blood donor, and blood and biologic management products in the United States; and medication management solutions in the United States, the United Kingdom, Ireland, and South Africa. The company?s blood and biologics management solutions include HCLL Transfusion and HCLL Donor, which address blood donor recruitment, blood processing, and transfusion activities for hospitals and medical centers; BloodSafe suite of hardware and software that enable healthcare facilities to store, monitor, distribute, and track blood products; LifeTrak software for blood centers; a nd BiologiCare, a bone, tissue, and cellular product tracking software. Its medication management products comprise WORx, a pharmacy information system to manage inpatient and outpatient pharmacy operations; MediCOE, a physician order entry module; MediMAR, a nurse point-of-care administration and bedside documentation module; MediREC, which assists in achieving compliance with a Joint Commission mandate; and pharmacy management and electronic prescribing systems. The company?s performance management products include InSight software that tracks performance metrics to assist healthcare managers to manage performance. It also provides software installation and maintenance services, as well as billing and collection services to home infusion and home/durable medical equipment markets. The company markets its products primarily through its direct sales force. Mediware Information Systems, Inc. was founded in 1970 and is headquartered in Lenexa, Kansas.

Advisors' Opinion:

• [By CRWE]

  Mediware Information Systems, Inc. (Nasdaq:MEDW) plans to acquire the assets of Indianapolis-based Strategic Healthcare Group LLC (SHG), a leading provider of blood management consulting, education and informatics solutions.

Best Tech Stocks To Watch Right Now: Arm Holdings(ARM.L)

ARM Holdings plc, together with its subsidiaries, engages in the design of microprocessors, physical IP, and related technology and software; and sale of development tools to enhance the performance of high-volume embedded applications. Its products include microprocessors cores, such as specific functions comprising video and graphics IP, fabric IP, embedded software, and configurable digital signal processing IP; physical IP components for the design and manufacture of integrated circuits, which comprise embedded memory, standard cell, and input/output components; software development tools that help software design engineers in the design and deployment of code, from applications running on open operating systems to low-level firmware. The company also offers support, maintenance, and training services, as well as design consulting services. ARM Holdings plc licenses and sells its technology and products to electronics companies, which in turn manufacture, market, and s ell microprocessors, application-specific integrated circuits, and application-specific standard processors to systems companies for incorporation into various end products, as well as licenses and sells development tools directly to systems companies and provides support services to licensees, systems companies, and other systems designers. It operates in Europe, the United States, and the Asia Pacific. The company was formerly known as Advanced RISC Machines Holdings Limited and changed its name to ARM Holdings plc in March 1998. ARM Holdings plc was founded in 1990 and is based in Cambridge, the United Kingdom.

Best Tech Stocks To Watch Right Now: KOFAX PLC ORD GBP0.025(KFX.L)

Kofax plc develops and markets capture driven business process automation solutions worldwide. The company provides enterprise software solutions, such as Kofax Capture for capturing documents from paper and electronic sources; Kofax Transformation Modules to classify and separate documents, and extract and validate information; Kofax e-Transactions to send and receive electronic invoices without paper; Kofax Front Office Server that triggers back office business processes from front office equipment; and Kofax Monitor to monitor and analyze the performance of capture systems. It also offers Kofax Communication Server, which enables the automated exchange of business critical information linking devices, including MFPs, fax, phone systems, and email and SMS, as well as applications comprising ERP and CRM systems, and Kofax Capture; Kofax Express that captures paper documents into archives; and Kofax VRS Elite, a scanner that automatically examines documents and applies the correct settings to deliver scanned images. In addition, the company provides Atalasoft DotImage SDK, a photo and document imaging toolkit for the Microsoft .NET platform that enables image scanning, viewing, annotation, compression, and processing for customized desktop or Web applications; MarkView for Accounts Payable, which is used for transaction processing; MarkView AP Advisor to control financial functions; and SupplierExpress that processes invoice capture and entry, as well as professional, training, and support services. Further, it offers industry solutions for banking, mortgage processing, insurance, government, business process outsourcing, and health care segments; Microsoft Sharepoint solutions; business processes, such as invoice processing, digital mailroom, and medical claims processing; and resources, including case studies, white papers, customers, blogs, webinars, newsletter, and video testimonials. Kofax plc was founded in 1985 and is headquartered in Irvine, California.

Best Tech Stocks To Watch Right Now: Red Hat Inc.(RHT)

Red Hat, Inc. provides open source software solutions to enterprises worldwide. It also offers enterprise-ready open source operating system platforms. The company provides Red Hat Enterprise Linux, an operating system designed for enterprise computing; JBoss Enterprise Middleware that offers a suite of products for developing, deploying, integrating, and managing distributed, composite, and Web-based applications and services; and Red Hat Enterprise Virtualization for Servers, including Red Hat Enterprise Virtualization Hypervisor, a hypervisor based on KVM technology that converts the Red Hat Enterprise Linux kernel into a virtualization platform; and Red Hat Enterprise Virtualization Manager, a server virtualization management system, which provide capabilities for host and guest operating systems, such as availability, live migration, power manager, storage manager, and system scheduler. It also offers other Red Hat enterprise technologies, which comprise Red Hat MRG t hat integrates open and scalable messaging; Red Hat Developer, which provides integrated development environments and support for application developers; and Red Hat Directory Server that centralizes application settings, user profiles, group data, policies, and access control information into a network-based registry. In addition, the company offers Red Hat systems management solutions, such as RHN, RHN Satellite, Red Hat Customer Portal, and JBoss ON; and infrastructure enterprise technologies, including software development tools, clustering of systems and services, and directory services. Further, it provides consulting, training, and support services. The company sells its enterprise technologies through subscriptions. It has strategic alliances with Advanced Micro Devices, Inc.; and Intel Corporation. The company was formerly known as Red Hat Software, Inc. and changed its name to Red Hat, Inc. in June 1999. Red Hat, Inc. was founded in 1993 and is headquartered in Ral eigh, North Carolina.

Advisors' Opinion:

• [By Rex Crum]

  Red Hat (RHT) �plunged more than 12%, to $46.34 a share. Late Monday, the open-source software company reported better-than-expected fiscal second-quarter results, but its billings for new orders of $376 million fell short of analysts��consensus expectations of almost $400 million. Analysts at Pacific Crest Securities and Piper Jaffray also cut their ratings on Red Hat�� stock.

• [By Sue Chang and Saumya Vaishampayan]

  Red Hat Inc. (RHT) �shares tumbled 12%, the biggest decliner on the S&P 500. While the company posted second-quarter earnings late Monday that met expectations, the decline in new annualized billings was worrisome, according to J.P. Morgan analysts on Tuesday. ��he company�� preferred billings proxy only grew 8% versus consensus expectations of 14%, and importantly, we estimate that new annualized billings declined 11% from a year ago,��they said in a note. J.P. Morgan maintained its underweight rating and price target of $39.

• [By Lauren Pollock]

  Among the companies with shares expected to actively trade in Tuesday’s session are Applied Materials Inc.(AMAT), Red Hat Inc.(RHT) and National Oilwell Varco Inc.(NOV)

• [By Monica Gerson]

  Wall Street expects Red Hat (NYSE: RHT) to post its Q2 earnings at $0.33 per share on revenue of $372.07 million. Red Hat shares fell 0.69% to close at $53.22 on Friday.

Best Tech Stocks To Watch Right Now: Rediff.com India Limited(REDF)

Rediff.com India Limited provides online Internet based services in India and to the global Indian community. The company's Websites consist of channels relevant to Indian interests, such as cricket, astrology, matchmaker, and movies; content on various matters, which include news and finance; search facilities; and a range of community features consisting of e-mail, chat, messenger, photo/video sharing capabilities, e-commerce, blogs, broadband wireless content, and mobile value-added services to mobile phone subscribers in India, as well as online advertising and online shopping services. It also publishes two weekly newspapers, ?India Abroad? and ?India in New York? for the Indian-American community based in the United States and Canada. The company?s target client base for advertising and sponsorships include global companies doing business in India, domestic corporations, and small and medium enterprises. As of March 31, 2010, it had 89.5 million online registered use rs. The company was formerly known as Rediff Communication Private Limited and changed its name to Rediff.com India Limited in February 2000. Rediff.com India Limited was founded in 1996 and is headquartered in Mumbai, India.