Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Activision Inc. (NASDAQ: ATVI) posted stellar results on the popularity of Guitar Hero and Transformers.
• Airgas Inc. (NYSE: ARG) beat Q4 estimtates with record earnings and raised its guidance.
• Amkor Technology Inc. (NASDAQ: AMKR) beat Q1 expectations on strong demand for wireless.
• Anadarko Petroleum Corp. (NYSE: APC) reported strong Q1 results that beat Wall Street estimates.
• Barnes Group Inc. (NYSE: B) beat Q1 expectations on its "global reach" and raised its 2008 guidance.
• Coinstar Inc. (NASDAQ: CSTR) beat Q1 expectations and raised its full-year guidance.
• DirecTV Group Inc. (NASDAQ: DTV) posted better-than-expected results and announced share buybacks.
• Double-Take Software (NASDAQ: DBTK) beat Q1 expectations and raised its Q2 and 2008 guidance.
• Goldcorp Inc. (NYSE: GG) profits surged in the first quarter on record high gold prices.
• ICON plc (NASDAQ: ICLR) beat Q1 expectations and raised its full-year guidance.
• Marvel Entertainment Inc. (NYSE: MVL) easily beat Q1 estimates and raised its full-year guidance.
• Molson Coors Brewing Co. (NYSE: TAP) reported a surge in Q1 profits that beat Wall Street estimates.
• Panera Bread Co. (NASDAQ: PNRA) beat Q1 expectations and lifted its Q2 and 2008 forecasts.
• Symantec Corp. (NASDAQ: SYMC) beat Q4 expectations and raised its Q1 outlook.
• Transocean Inc. (NYSE: RIG) Q1 profits more than doubled due to soaring oil prices.
• Unilever (NYSE: UL) posted strong results, with revenues beating estimates for the first time in six years.
• UTStarcom Inc. (NASDAQ: UTSI) released a preliminary guidance well above expectations.
• Walt Disney Co. (NYSE: DIS) posted better-than-expected results on success of its theme parks.

Double-Take Software (NASDAQ: DBTK) products and services enable customers to protect and recover computer files. Its software helps users to reduce or eliminate data loss and recover applications, through automatic or manual means. Customers include law firms, financial institutions, hospitals, school districts and government entities. Hewlett-Packard (NYSE: HPQ) and Microsoft (NASDAQ: MSFT) are among the firm's strategic partners. EMC Corporation (NYSE: EMC) and Symantec (NASDAQ: SYMC) are major competitors.

The company surprised the Street last week, when it reported Q1 EPS of 13 cents and revenues of $23 million. Analysts had been looking for 11 cents and $22.2 million. Management also guided Q2 EPS to 15-16 cents (14 cent consensus), Q2 revenues to $24.4-$25 million ($24.44M consensus), FY08 EPS to 65-67 cents (65 cent consensus) and FY08 revenues to $101.7-$103.5 million ($102.29M consensus).

MOST NOTEWORTHY: PhotoChannel Networks, BioMarin Pharmaceutical, Double-Take and Leapfrog Enterprises were today's noteworthy initiations:

• Merriman believes PhotoChannel Networks (OTC: PNWIF) is positioned to become a leading provider to the digital photofinishing market through its offering of a fully-integrated solution to retailers. The firm started shares with a Buy rating.
  
• Jefferies resumed coverage of BioMarin Pharmaceutical (NASDAQ: BMRN) with a Buy rating and $33 target, as they expect strong long-term growth from Aldurazyme and Naglazyme and is optimistic for Kuvan approval and a strong market launch.
  
• ThinkEquity is positive on Double-Take's (NASDAQ: DBTK) impressive operating leverage and valuation and started shares off with a Buy rating and $28 target.
  
• Needham initiated Leapfrog Enterprises (NYSE: LF) with a Strong Buy rating and $11 target. The firm expects Leapfrog to benefit from its turnaround initiatives in 2008 and for shares to be driven by improving sales and profits.

OTHER INITIATIONS:

• UBS started J Crew (NYSE: JCG) and American Eagle (NYSE: AEO) with Neutral ratings and targets of $40 and $25, and Gap (NYSE: GPS) and Abercrombie & Fitch (NYSE: ANF) with Buy ratings and targets of $23 and $97.
  
• Goldman initiated The9 (NASDAQ: NCTY) with a Neutral rating. Broadpoint initiated Vocus Inc (NASDAQ: VOCS) with a Strong Buy rating.

MOST NOTEWORTHY: The systems technology sector, Auxilium Pharmaceuticals (AUXL) and BioSante Pharm (BPA) were today's noteworthy initiations:

• In the systems technology sector, JP Morgan initiated coverage on CommVault Systems (NASDAQ: CVLT) and Double-Take Software, Inc (NASDAQ: DBTK) with Overweight ratings, Isilon Systems (NASDAQ: ISLN) and Opsware Inc (NASDAQ: OPSW) with Neutral ratings and Avocent Corp (NASDAQ: AVCT) with an Underweight rating.

• Auxilium Pharmaceuticals (NASDAQ: AUXL) was initiated with an Outperform rating at Cowen, which said AUXL's lead candidate, AA4500, is in pivotal testing for Dupuytren's contracture, which could be a $400M+ revenue opportunity.

• BioSante Pharmaceuticals (AMEX: BPA) was initiated with a Positive rating at Susquehanna, as the firm is positive on BPA's growth prospects for the transdermal estrogen market, upside potential from the female dysfunction market, and valuation.

OTHER INITIATIONS:

• Morgan Stanley initiated shares of Lamar Advertising (NASDAQ: LAMR) with an Overweight rating and $77 target.

• SunTrust Robinson Humphrey initiated shares of Texas Roadhouse (NASDAQ: TXRH) with a Neutral rating.

• Morgan Joseph initiated shares of Metalico (AMEX: MEA) with a Hold rating.

• Stifel Nicolaus initiated shares of Tenet Healthcare (NYSE: THC) with a Sell rating and a $5 target.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Most businesses, educational institutions and government agencies have come to the point that they could not operate effectively without their sophisticated information technology systems. There is an outfit in Southboro, Massachusetts that is getting an increasingly bigger share of the growing IT security pie.

Double-Take Software's (NASDAQ: DBTK) products and services enable customers to protect and recover computer files. Its software reduces, or eliminates, data loss and provides the ability to recover the application and server needed to utilize the data through automatic, or manually initiated failover. Customers include law firms, financial institutions, hospitals, school districts and government entities. Dell (NASDAQ: DELL), Hewlett-Packard (NYSE: HPQ), IBM (NYSE: IBM), Intel (NASDAQ: INTC), Microsoft (NASDAQ: MSFT) and Qwest Communications International (NYSE: Q) are among the firm's strategic partners. Major competitors include EMC Corporation (NYSE: EMC) and Symantec Corporation (NASDAQ: SYMC)

The company surprised the Street late last month, when it reported Q1 EPS of 14 cents and revenues of $17.9 million. Analysts had been looking for 7 cents and $17.2 million. Management also guided Q2 EPS to 15-16 cents (8 cent consensus), Q2 revenues to $19.0-$19.5 million ($18.6M consensus), FY07 EPS to 56-62 cents (41 cent consensus) and FY07 revenues to $78.5-$80.5 million ($79.38M consensus). The CEO remarked, "Especially pleasing was the continued expansion of our international business, the continued additional sales of our products within our large installed base and the continued growth of our partner program".