Earnings guidance (management’s forward looking statements about what it expects the company will do in future) plays a vital role in investment decision-making process. Many investors look keenly to the guidance on the perception that management knows its business better than anyone else and has more information on which to base its expectations.

Today we have shortlisted 15 companies across sectors that have recently revised their earnings guidance upward for 2014. The shortlisted companies estimate a significant growth in their revenues and EPS during 2014 compared to the reported results of 2013. We note that during the past three months, these stocks have accumulated gains with average daily trading volumes in excess of 100,000 shares.

Company Name Exchange Ticker Market Cap

(MM) Last Price Average Volume

(3-Months) Price Change

(3-Months) Sales Guidance (MM)(2014) Guidance Growth* EPS Guidance (2014) Guidance Growth Guidance Update Date Cambrex Corp NYSE CBM 641.2 20.90 221,392 9.8% 364.3 14.5% 1.07 24.4% 08/01/2014 Qualys Inc NASDAQ QLYS 903.5 27.39 171,661 21.6% 131.5 21.8% 0.32 540.0% 08/04/2014 WageWorks Inc NYSE WAGE 1,542.5 43.83 361,234 13.9% 264.0 20.4% 0.92 40.8% 08/04/2014 Ensign Group Inc NASDAQ ENSG 766.7 34.21 140,505 53.4% 1,017.5 12.5% 2.19 98.6% 08/05/2014 Akorn Inc NASDAQ AKRX 3,704.0 35.57 1,072,907 32.2% 590.0 85.7% 1.03 89.8% 08/05/2014 Albany Molecular Research NASDAQ AMRI 621.0 19.12 425,026 24.8% 279.0 13.2% 0.90 118.3% 08/05/2014 Pegasystems Inc NASDAQ PEGA 1,729.2 22.66 226,489 23.4% 580.0 14.0% 0.78 56.0% 08/05/2014 j2 Global Inc NASDAQ JCOM 2,506.4 52.51 416,755 9.5% 590.0 13.3% 3.35 45.0% 08/05/2014 Tumi Holdings Inc NYSE TUMI 1,588.1 23.40 471,722 27.6% 530.5 13.5% 0.90 12.5% 08/07/2014 Sprouts Farmers Market Inc NASDAQ SFM 4,542.2 30.31 1,328,394 6.2% 2,913.3 19.5% 0.66 73.7% 08/07/2014 Mattress Firm Holding Corp NASDAQ MFRM 1,933.1 56.66 219,755 25.1% 1,565.0 55.4% 2.08 76.3% 08/11/2014 DTS Inc NASDAQ DTSI 356.7 20.85 108,470 19.3% 139.5 11.5% 1.45 66.7% 08/11/2014 Dealertrack Technologies Inc NASDAQ TRAK 2,500.6 46.40 651,710 13.1% 836.0 73.6% 1.52 982.1% 08/11/2014 Luxoft Holding Inc NYSE LXFT 1,188.2 36.17 153,134 28.2% 486.0 54.5% 1.95 53.5% 08/12/2014 Charles River Laboratories International Inc NYSE CRL 2,740.9 58.72 430,388 8.9% 1,282.1 10.0% 3.30 53.5% 08/12/2014

Source: Bloomberg

*Guidance Growth: Company’s Guidance over reported figures of 2013

Company Description:

Cambrex Corp (NYSE: CBM)

Cambrex Corp. supplies products, services, and technologies for the Life Sciences and fine chemicals industry. The company builds platforms for use in manufacturing small molecule Active Pharmaceutical Ingredients (APIs) and pharmaceutical intermediates including drug delivery. Cambrex’s services include process & analytical development, scale-up in addition to generic APIs.

Qualys Inc (NASDAQ: QLYS)

Qualys, Inc. provides information technology security risk and compliance management solutions. The company offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys conducts business in the United States.

WageWorks Inc (NYSE: WAGE)

WageWorks, Inc. provides tax-advantaged programs for consumer-directed health, commuter, and other employee spending account benefits, or CDBs, in the United States. The company operates spending account management programs such as health and dependent care Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs, and transit programs.

Ensign Group Inc (NASDAQ: ENSG)

Ensign Group, Inc. operates facilities offering nursing and rehabilitative care services in multiple states. The company provides a broad spectrum of nursing and assisted living services, physical, occupational and speech therapies, and other rehabilitative and healthcare services, for both long-term residents and short-stay rehabilitation patients.

Akorn Inc (NASDAQ: AKRX)

Akorn, Inc. develops, manufactures, and markets ophthalmic and injectable pharmaceutical products. The company sells various diagnostic and therapeutic pharmaceutical products focused primarily on ophthalmology, anesthesia, antidotes, and rheumatology. Akorn also markets ophthalmic surgical instruments and other supplies, and provides contract manufacturing for third parties.

Albany Molecular Research Inc (NASDAQ: AMRI)

Albany Molecular Research, Inc., an integrated chemistry outsourcing company, offers a variety of chemistry research and development services. The company provides its services to pharmaceutical and biotechnology companies involved in drug discovery and development. Albany offers medicinal chemistry, chemical development, analytical chemistry services, and small-scale manufacturing.

Pegasystems Inc (NASDAQ: PEGA)

Pegasystems Inc. develops customer relationship management software. The software automates customer interactions across transaction-intensive enterprises. The company provides its products to customers in the banking, mutual funds and securities, mortgage services, card services, insurance, healthcare management, and telecommunications industries.

j2 Global Inc (NASDAQ: JCOM)

j2 Global, Inc. provides cloud-based communications and storage messaging services. The company offers online fax, virtual voice, hosted email, email marketing, online backup and unified communications services.

Tumi Holdings Inc (NYSE: TUMI)

Tumi Holdings Inc. is a global, premium lifestyle brand. The company offers a comprehensive line of travel and business products and accessories in multiple categories that are distributed through multiple channels, including retail, wholesale and e-commerce.

Sprouts Farmers Market Inc (NASDAQ: SFM)

Sprouts Farmers Market, Inc. operates a chain of retail grocery stores. The company offers meats, cheese, dairy products, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Market serves customers throughout the United States.

Mattress Firm Holding Corp (NASDAQ: MFRM)

Mattress Firm Holding Corp. is a specialty retailer of mattresses and related products and accessories in the United States. The company operates stores in multiple states that carry both a broad assortment of national mattress brands and its own exclusive brands.

DTS Inc/CA (NASDAQ: DTSI)

DTS, Inc. is a provider of digital multi-channel audio technology, products, and services for entertainment markets worldwide. The company uses the technology in more than two speakers at once, targeted toward motion picture, home theater, and other consumer markets.

Dealertrack Technologies Inc (NASDAQ: TRAK)

Dealertrack Technologies Inc. provides on-demand software and data solutions for the automotive retail industry in the United States.The company utilizes the Internet to link automotive dealers with banks, finance companies, credit unions and other financing sources, and other service and information providers, such as the major credit reporting agencies.

Luxoft Holding Inc (NYSE: LXFT)

Luxoft Holding, Inc. is a leading global provider of software development services and innovative IT solutions primarily to large multinational corporations. The company’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.

Charles River Laboratories International Inc (NYSE: CRL)

Charles River Laboratories International, Inc. provides research tools and support services that enable drug discovery and development. The company provides the animal research models required in research and development for new drugs, devices, and therapies. Charles River’s customers include pharmaceutical and biotechnology companies, hospitals, and academic institutions.