Stocks To Watch: Qualcomm, RIMM, Facebook, Citrix, Align Tech, Concur

Stocks To Watch: Qualcomm, RIMM, Facebook, Citrix, Align Tech, Concur

Companies whose shares are expected to trade actively in today’s session are QUALCOMM, Inc. (NASDAQ:QCOM), Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM) (Renamed BlackBerry), Facebook Inc (NASDAQ:FB), Citrix Systems, Inc. (NASDAQ:CTXS), Align Technology, Inc. (NASDAQ:ALGN) and Concur Technologies, Inc. (NASDAQ:CNQR).

Stocks To Watch: Qualcomm, RIMM, Facebook, Citrix, Align Tech, Concur

QUALCOMM, Inc. (NASDAQ:QCOM): The chip maker reported a 29 percent growth in its revenues and 36 percent increase in its first quarter profits, beating the Wall Street estimates by wide margins. The company also gave a robust guidance for the second quarter. The San Diego-based company posted a revenue of $6.02 billion with $1.26 a share in earnings. Shares surged 5.45 percent to $67 in early trading session.

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Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM): The BlackBerry maker’s shares surged after the company launched its make-or-break Blackberry 10 devices. But the launch was delayed by more than a year. Analysts issued a cautious note about its future prospects. Shares tanked 7.47 percent to $12.75 in the early session.

Facebook Inc (NASDAQ:FB): The social networking giant’s fourth quarter revenues surged 40 percent. But its mobile revenues fell short of expectations and profits dropped sharply. The company said higher costs were the primary reason behind a 79 percent decline in its profits. Shares plunged 6.20 percent to $29.30 in early trading.

Citrix Systems, Inc. (NASDAQ:CTXS): The software company’s fourth quarter profits rose 4.9 percent amid double-digit gain in revenues. Citrix issued 2013 revenue forecasts that were higher than analysts expectations. Shares surged 10.50 percent to $74 in early trading.

Align Technology, Inc. (NASDAQ:ALGN): The company reported heavy expenses and write-downs during the fourth quarter. As a result, its fourth quarter profits plunged 53 percent despite growth in revenues. Align said the demand for its Invisalign braces has rebounded. Shares went up 9 percent to $31.90 in the early session.

Concur Technologies, Inc. (NASDAQ:CNQR): The hosted software maker’s first quarter losses went higher due to increase in operating expenses and other charges, despite revenue growth. The company issued downbeat estimates for the second quarter. Shares tanked 5.57 percent to $68.51 in the early trading session.

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