Archive for March, 2011
(JDSU) JDS Uniphase Analyst Maintains Shares at Neutral
We reaffirm our long-term Neutral recommendation on JDS Uniphase Corp. (JDSU). The company declared blockbuster financial results for the second quarter of fiscal 2011. Both revenue and EPS were significantly above the Zacks Consensus Estimates. JDS Uniphase achieved several...
28Mar2011 | vitalstocks | 0 comments | Continued(RF) Regions Financial Analyst Reiterates Shares at Neutral
We maintain our Neutral recommendation on Regions Financial Corp. (RF). The decision is based on the company’s move toward profitability in the fourth quarter of 2010. In January, Regions’ announced fourth-quarter 2010 operating earnings per share of 3 cents, significantly...
28Mar2011 | vitalstocks | 0 comments | Continued(ADSK) Autodesk Acquires Blue Ridge Numerics Incorporated
Software company Autodesk Inc. (ADSK) announced that it has completed the acquisition of Blue Ridge Numerics, Inc., a provider of computational fluid dynamics (CFD) software, for approximately $39.0 million in cash. However, the deal is subject to certain working capital adjustments. Charlottesville-based...
28Mar2011 | vitalstocks | 0 comments | Continued(JNJ) Japan Quake Impact on Medical Technology
Tremors triggering a quake, which struck about 250 miles north of Tokyo, followed by a colossal Tsunami, wreaked havoc on the people of the “Land of the Rising Sun” on March 11, resulting in massive carnage and destruction. The catastrophe, which is believed to have already...
28Mar2011 | vitalstocks | 0 comments | Continued(HRS) Harris Buys Core180 Assets
Harris Corporation (HRS), a leading supplier of communication equipments and services, recently bought essential infrastructural assets of the government business of Core180, Inc. It includes 50 highly skilled terrestrial networking experts based in Core180′s New York and...
28Mar2011 | vitalstocks | 0 comments | Continued(LWSN) Lawson Software Receives $11.25 Per Share Offer
Lawson Software, Inc. (LWSN) confirmed that it has received an unsolicited proposal from Infor and Golden Gate Capital to acquire all of its outstanding common stock at a price of $11.25 per share in cash. Last week, there were rumors that Lawson was exploring possibilities of...
28Mar2011 | vitalstocks | 0 comments | Continued(KR) Kroger Analyst Has Neutral Rating on Shares
A dominant position among the nation’s largest grocery retailers enables The Kroger Company (KR) to sustain growth in top line, expand its store base, and boost its market share. The company’s strong corporate and national brands helped gain customers’ loyalty. Kroger’s...
28Mar2011 | vitalstocks | 0 comments | Continued(GIVN) Given Imaging PillCam SB Video Capsule Ok’d for Further Use
Given Imaging (GIVN), a producer of gastrointestinal products and a developer of capsule endoscopy, recently announced that the Food and Drug Administration (“FDA”) provided updated clearance for its PillCam SB video capsule, including a clearance to encourage its usage for...
28Mar2011 | vitalstocks | 0 comments | Continued(DUK) Duke Energy Proposes Capping Coal Plant Costs
Duke Energy Indiana, a subsidiary of Duke Energy Corporation (DUK), filed a testimony with the Indiana state utility regulators and has proposed to limit the construction costs of its Edwardsport power plant. Under the proposal, Duke Energy has proposed a cap of $2.88 billion...
28Mar2011 | vitalstocks | 0 comments | Continued(DUK) Duke Energy Plans Capital Spending in the Carolinas
Duke Energy Corporation (DUK) announced that it would spend $8 billion–$9 billion in the twin states of Carolina for new capital expansion projects over the period 2011–2012. The company spent more than $2 billion constructing new plants and solar farms in the Carolinas in...
28Mar2011 | vitalstocks | 0 comments | Continued(BA) Boeing to Pursue Australian Helicopter Training Contract
Boeing Defense Australia, a subsidiary of aerospace and defense giant The Boeing Company (BA), and Thales Australia have signed a Memorandum of Understanding to pursue the Helicopter Aircrew Training System (HATS) contract for the Australian Defense Force. Thales is a global...
28Mar2011 | vitalstocks | 0 comments | Continued(MRVL) Marvell Fourth Quarter 2011 Earnings Estimates
Marvell Inc.(MRVL) reported fourth quarter fiscal 2011 adjusted earnings per share (EPS) of 35 cents, below the Zacks Consensus Estimate of 37 cents. Revenue Marvell reported revenues of $900.5 million in the fourth quarter, up 7.0% from $842.5 million in the prior-year quarter....
28Mar2011 | vitalstocks | 0 comments | Continued(AMLN) Amylin Pharmaceuticals Releases Disappointing Data
Shares of Amylin Pharmaceuticals, Inc. (AMLN) lost more than 25% when the company released disappointing data on Bydureon (exenatide once-weekly) from a head-to-head study. Bydureon failed to achieve its primary endpoint of non-inferiority in the DURATION-6 study, which compared...
28Mar2011 | vitalstocks | 0 comments | Continued(RIG) Transocean Fourth Quarter 2010 Earnings Scorecard
Late last month, offshore drilling giant Transocean Inc. (RIG) announced its financial results for the fourth-quarter and year-end 2010. Now that the analysts have had some time to ponder over the quarterly performance of Transocean, they are weighing their estimate revisions....
28Mar2011 | vitalstocks | 0 comments | Continued(AMT) American Tower Analyst Downgrades Shares to Underperform
We downgrade our recommendation on American Tower Corp. (AMT) to Underperform based on its current valuation. The stock price has moved up by nearly 37.3% in the last one year and currently is at the high-end of its 52-week price range. With respect to several valuation metrics,...
28Mar2011 | vitalstocks | 0 comments | Continued(MET) MetLife Allows American International Group to Raise $10 Billion
Executing the terms of the American Life Insurance Co. (ALICO) deal sooner-than-expected, on Tuesday MetLife Inc. (MET) gave its consent to American International Group Inc. (AIG) for selling 78.2 million of MetLife shares and 40 million common equity units that AIG had received...
28Mar2011 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified Realty Corporation Prices Senior Unsecured Notes
Developers Diversified Realty Corporation (DDR), a real estate investment trust (REIT), has recently offered 4.75% senior unsecured notes worth $300 million that are scheduled to mature in April 2018. The company has priced the notes at 99.315% of the face amount to yield 4.86%...
28Mar2011 | vitalstocks | 0 comments | Continued(EMC) EMC Leads in External Disk Storage
A leading provider of information infrastructure solutions, EMC Corp. (EMC) maintained its leading market share position in external disk storage systems for the fourth quarter ended December 31, 2010. According to latest data from research group IDC, EMC’s market share was...
28Mar2011 | vitalstocks | 0 comments | Continued(HRS) Harris Wins a Massive Contract
Harris Corp.(HRS) is a leading supplier of communications equipment and services, recently won a massive contract worth $289 million from the Government of Alberta, Canada. The total contract size may extend to $370 million in order to prepare the Alberta First Responders Radio...
28Mar2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp Announces Increase in Dividend
Goldcorp Inc. (GG) increased its monthly dividend for 2011 to $0.034 per share, an 11% increase over the prior dividend. The dividend is payable on March 25, 2011 to shareholders of record as of March 17, 2011. Goldcorp has been paying a monthly dividend to its shareholders...
28Mar2011 | vitalstocks | 0 comments | Continued(EPB) El Paso Pipeline Partners Adds to Southern Natural Gas Company Stake
El Paso Pipeline Partners L.P. (EPB) said it will acquire an additional 22% interest in Southern Natural Gas Company (SNG) from El Paso Corporation (EP). The partnership said it will pay roughly $587 million for the addition, which increases its ownership in SNG to 82%. El Paso...
28Mar2011 | vitalstocks | 0 comments | Continued(BRKB) Financials and Transportation Sector Watch
In my weekly Earnings Trends report, I rank the 16 economic sectors on a wide variety of earnings and sales metrics. The report just looks at the 500 firms in the S&P 500, not the whole Zacks Universe. However, since it is organized by the individual metric, such as Annual...
28Mar2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Strengthens in Asia-Pacific
International Business Machines Corp. (IBM) announced a $38 million investment to build a new IBM Asia-Pacific Cloud Computing Data Center in Singapore to exploit the potential of cloud computing through its comprehensive solutions and services. The new facility in Singapore...
28Mar2011 | vitalstocks | 0 comments | Continued(JASO) JA Solar Holdings and MEMC Electronic Materials in Solar Joint Venture
JA Solar Holdings Co. Ltd. (JASO) and MEMC Electronic Materials Inc.’s (WFR) affiliate, MEMC Singapore, formed a 50-50 joint venture to build and operate a solar cell production facility in China. The Phase One of the project will involve the building of a production facility...
28Mar2011 | vitalstocks | 0 comments | Continued(AMR) United Continental Holdings Redraws Growth Plan
United Continental Holdings Inc. (UAL), the largest U.S. airline reported a pull-back on its capacity growth plans for 2011 due to escalating fuel prices. Earlier this year, United Continental announced its guidance of 1% to 2% increase in consolidated capacity in 2011. However,...
28Mar2011 | vitalstocks | 0 comments | Continued(MAR) Marriott International Begins European Campaign
Marriott International Inc. (MAR), appears geared up to hit the European market with the launch of four new hotels in Spain. The hotels are being opened in association with Spanish hotel group AC Hotels. In January 2010, Marriott announced that it has sealed a deal with AC Hotels,...
28Mar2011 | vitalstocks | 0 comments | Continued(NOK) Nokia to Team with Microsoft
Bloomberg recently reported that Nokia Corp. (NOK), the largest mobile phone maker of the world, is all set to enter into a deal with Microsoft Corp. (MSFT). As per the deal, Microsoft will pay approximately $1 billion to Nokia for promoting Windows Phone 7 software. Last month,...
28Mar2011 | vitalstocks | 0 comments | Continued(PBCT) People’s United Financial Analyst Maintains Neutral on Shares
We have maintained our Neutral recommendation on People’s United Financial Inc. (PBCT). The decision is based on synergies gains expected from recent acquisitions, but low interest environment might act as a deterrent to net interest income of the company. In January, People’s...
28Mar2011 | vitalstocks | 0 comments | Continued(L) Loews Analyst Maintains Neutral on Shares
We are retaining our Neutral rating on Loews Corporation (L), as higher net investment income from limited partnerships, coupled with favorable net prior year development at CNA and improved results from the company’s trading portfolio were offset by net investment losses and...
28Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Apple’s Key Growth Catalysts Push it Towards #1 in Technology Industry
Apple Inc. (AAPL) is expected to achieve sales growth of above 50.0% in the next two years aided by higher demand for mobile applications and devices such as iPad and iPhone that run them, according to research firm Forrester Research Inc. (FORR). According to Forrester, Apple...
28Mar2011 | vitalstocks | 0 comments | Continued