Archive for December, 2011
(BECN) Beacon Roofing Supply Reports Record 2011 Earnings
Beacon Roofing Supply Inc. (BECN) reported record adjusted EPS of 56 cents in the fourth quarter of fiscal 2011, ahead of the Zacks Consensus Estimate of 53 cents and a remarkable improvement of 51% over the prior year quarter’s EPS of 37 cents. Reported EPS excluded a...
1Dec2011 | vitalstocks | 0 comments | Continued(V) Visa Analyst Maintains Neutral Rating on Shares
While Visa Inc. (V) came out firm from its fiscal 2011, we reiterated our Neutral recommendation on the stock based on the cautious growth outlook for fiscal 2012 amid regulatory challenges. Visa’s fiscal fourth quarter 2011 (ended September 30, 2011) operating earnings of...
1Dec2011 | vitalstocks | 0 comments | Continued(BIG) Big Lots 2011 Third Quarter Earnings Preview
Big Lots Inc. (BIG), a broad line closeout retailer in the United States, is slated to report its third-quarter 2011 financial results before the opening bell on Friday, December 2, 2011. The current Zacks Consensus Estimate for the quarter is 10 cents a share. For the quarter...
1Dec2011 | vitalstocks | 0 comments | Continued(EQIX) Equinix Announces nScaled Cloud Provider Utilizing Their IBX Data Centers
Data center provider Equinix Inc. (EQIX) recently made an announcement that the cloud infrastructure provider nScaled has started using the Equinix International Business Exchange (IBX) data centers in London and Ashburn. The company is expected to deliver its hybrid cloud and...
1Dec2011 | vitalstocks | 0 comments | Continued(STX) Seagate Technologies Shares Climb on Upbeat View
Seagate Technologies plc’s (STX) shares are trading higher these days on better-than-expected revenue guidance for both the December and March quarters. Recently, the hard disk drive (HDD) manufacturer provided a financial update, indicating that shipments for December would...
1Dec2011 | vitalstocks | 0 comments | Continued(GS) The Goldman Sachs Group Seeds Hedge Funds
According to the Wall Street Journal, New York based-The Goldman Sachs Group Inc. (GS) has planned to invest in hedge funds. After 2008 financial crisis, Goldman has molded its way of using its capital. The bank has pooled funds of $600 million from its clients, which included...
1Dec2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon to Make Miniature Decoys
Raytheon Company (RTN) received authorization from the U.S. Air Force to begin Low Rate Initial Production (“LRIP”) of its Miniature Air Launched Decoy Jammer (“MALD-J”) variant. Concurrently, the Air Force also exercised a contract option and Raytheon received a $5 million...
1Dec2011 | vitalstocks | 0 comments | Continued(PAY) VeriFone Systems Announces Preliminary Results
VeriFone Systems Inc. (PAY), an electronic payment solutions provider, recently reported preliminary results for the fourth quarter of 2011. The company expects revenues between $409 million and $411 million, up from its previous estimate of $395 million and $400 million. Excluding...
1Dec2011 | vitalstocks | 0 comments | Continued(CSIQ) Canadian Solar Delivers Modules for Saferay
A leading player among the global solar companies, Canadian Solar Inc. (CSIQ) has delivered its solar modules to saferay for an 8.5 MW power plant located in Lindenhof near Neubrandenburg in the German state of Mecklenburg-Vorpommern. The photovoltaic system will use 36,000 CS6P-P...
1Dec2011 | vitalstocks | 0 comments | Continued(DISH) DISH Network 2011 Third Quarter Earning Scorecard
DISH Network Corp. (DISH) reported its third-quarter 2011 financial results, where the top line exceeded the Zacks Consensus Estimate, but the bottom line fell short of the Zacks Consensus Estimate. However, the alarming sign is that net subscriber loss mounted in the previous...
1Dec2011 | vitalstocks | 0 comments | Continued(CSC) National Health Services Foundation Trust Deal for Computer Sciences Corporation
Virginia-based tech giant Computer Sciences Corp. (CSC) ended this month on a high note. Yesterday, the company clinched an information technology (IT) outsourcing deal with Royal Berkshire NHS (National Health Services) Foundation Trust. The 7-year deal has the option to be...
1Dec2011 | vitalstocks | 0 comments | Continued(MA) MasterCard Allies with Western Union
In an attempt to expand its prepaid card offering, yesterday, card giant – MasterCard Inc. (MA) announced a global strategic alliance with money transfer giant – Western Union Co. (WU) – to offer consumer-friendly prepaid card service across the latter’s multiple non-US...
1Dec2011 | vitalstocks | 0 comments | Continued(ABMD) Abiomed Sees Positive USpella Device Data
Massachusetts-based cardiac assist devices maker Abiomed (ABMD) reported encouraging clinical data from the prophylactic use of its Impella 2.5 cardiac pumps in complex coronary interventions. Results from the company’s USpella multi-center observational registry, published...
1Dec2011 | vitalstocks | 0 comments | Continued(WRB) W.R. Berkley Corporation Upgraded to Neutral
We are upgrading our recommendation on W.R. Berkley Corp. (WRB) to Neutral from Underperform on the back of third-quarter earnings beat. The company reported earnings of 44 cents per share, 6 cents ahead of the Zacks Consensus Estimate. The outperformance stemmed from higher...
1Dec2011 | vitalstocks | 0 comments | Continued(XRX) Xerox Buys The Breakaway Group
Xerox Corp. (XRX) recently announced that one of its fully owned subsidiaries, Affiliated Computer Services (ACS), has acquired The Breakaway Group with the sole intent of expanding its electronic medical records business. The terms of the deal along with its financial terms...
1Dec2011 | vitalstocks | 0 comments | Continued(MYL) Mylan Approved for Zinecard Generic
Mylan, Inc.’s (MYL) generic business was boosted further with the approval from the U.S. Food and Drug Administration (FDA) for its generic version of Pharmacia & Upjohn’s Zinecard injection. Zinecard injection, which is a chemoprotective agent, recorded revenue of...
1Dec2011 | vitalstocks | 0 comments | Continued(DTE) DTE Energy Company to Trim Debt
DTE Energy Company (DTE) with a view to trim its debt level announced that it would redeem $280 million of hybrid security on December 29, 2011. The hybrid securities are Trust Originated Preferred Securities possessing characteristics of both equity and debt. DTE Energy earlier...
1Dec2011 | vitalstocks | 0 comments | Continued(OVTI) OmniVision Technologies Sinks on Dismal Outlook
OmniVision Technologies’ (OVTI) earnings of 25 cents for the fiscal second quarter (ending October 2011) were in line with the Zacks Consensus Estimate. Shares plunged 11.53% regardless, as earnings were significantly lower than both the previous and year-ago quarters. OmniVision’s...
1Dec2011 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Takes Orders for Prius Plug-In Hybrid Vehicle
Toyota Motor Corp. (TM) has started taking orders for its much awaited plug-in version of Prius hybrid car that comes with an excellent mileage and affordable price. The automaker will start delivering the plug in hybrid vehicle (PHV) from January next year in Japan. A PHV shares...
1Dec2011 | vitalstocks | 0 comments | Continued(ZUMZ) Zumiez 2011 Third Quarter Earnings Preview
Zumiez Inc. (ZUMZ) is scheduled to report third-quarter 2011 financial results on December 1, 2011. The current Zacks Consensus Estimate for the quarter is earnings of 41 cents a share. Second-Quarter 2011, Summary Zumiez reported second-quarter earnings of 8 cents a share, beating...
1Dec2011 | vitalstocks | 0 comments | Continued(TDG) TransDigm Group Shares Rated Neutral
We recently maintained a Neutral recommendation on TransDigm Group Inc. (TDG). Based in Cleveland, Ohio, TransDigm Group Inc. is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft...
1Dec2011 | vitalstocks | 0 comments | Continued(LLTC) Linear Technology – Bear of the Day
Linear Technology (LLTC) is a leading OEM of analog and mixed signal semiconductors. September quarter results missed the Zacks Consensus, as weak demand, unfavorable mix and a higher tax rate impacted results. Extreme caution regarding customers also led to a weak guidance. Therefore,...
1Dec2011 | vitalstocks | 0 comments | Continued(XRAY) DENTSPLY International – Bull of the Day
We reaffirm our Outperform recommendation on DENTSPLY International (XRAY). Its third-quarter fiscal 2011 revenues and earnings outperformed the Zacks Consensus Estimates. Revenues were boosted by internal growth, foreign exchange tailwind and Astra Tech acquisition. The company...
1Dec2011 | vitalstocks | 0 comments | Continued(CENT) Central Garden & Pet Company Analyst Holds at Neutral
Central Garden & Pet Company (CENT) is a leading producer and marketer of premium and value-oriented products focused on the lawn and garden as well as pet supplies markets in the U.S. On the one hand, the company is witnessing increased sales, but on the other it is reporting...
1Dec2011 | vitalstocks | 0 comments | Continued