Earnings Releases, Job Cuts, Stock Price Movements, New Products, and Upcoming Conferences - Analyst Notes on Take-Two, Avago, IronMountain, Waters and Akamai
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Take-Two Interactive Software Inc. (NASDAQ: TTWO), Avago Technologies Limited (NASDAQ: AVGO), Iron Mountain Inc. (NYSE: IRM), Waters Corporation (NYSE: WAT) and Akamai Technologies, Inc. (NASDAQ: AKAM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2623-100free.
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Take-Two Interactive Software Inc. Analyst Notes
On May 13, 2014, Take-Two Interactive Software, Inc. (Take-Two) reported financial results for Q4 FY 2014 and FY 2014 (period ended March 31, 2014). For Q4 FY 2014, adjusted net revenue was $233.2 million as compared to $303.1 million for Q4 FY 2013, while Q4 FY 2014 net income was $21.5 million as compared to $42.9 million in Q4 FY 2013. Take-Two announced adjusted EPS of $0.21 for Q4 FY 2014, beating Thomson's estimated EPS of $0.10. For FY 2014, adjusted net revenue reached $2.4 billion, as compared to $1.2 billion for FY 2013. While adjusted net income increased to $510.7 million, or $4.26 per diluted share, as compared to $33.1 million, or $0.36 per diluted share, in FY 2013. The Company expects non-GAAP net revenue between $120 million and $135 million for Q1 FY 2015, while FY 2015 non-GAAP net revenue is anticipated to be between $1.35 billion and $1.45 billion. The full analyst notes on Take-Two are available to download free of charge at:
http://www.analystsreview.com/2623-TTWO-19May2014.pdf
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Avago Technologies Limited Analyst Notes
On May 13, 2014, Avago Technologies Ltd. (Avago) in an SEC filing said that it is planning to cut a considerable number of jobs across the Company following the completion of acquisition of LSI Corp. As per Avago, the job cuts will result in charges over the next six quarters, even though it noted that the amount of the charges can't "reasonably be estimated at this time." The $6.6 billion cash deal with LSI Corp. will place Avago amongst the leaders in semiconductor market with estimated annual revenue of $5 billion and projected savings of $200 million by November 1, 2015. In addition, the Company is expected to release its Q2 earnings on May 29, 2014 after the market close, followed by a conference call at 2:00 p.m. PT on the same day to discuss the results. The full analyst notes on Avago are available to download free of charge at:
http://www.analystsreview.com/2623-AVGO-19May2014.pdf
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Iron Mountain Inc. Analyst Notes
On May 14, 2014, stock of Iron Mountain Inc. (Iron Mountain) closed at $29.72 up 7.18%. The stock opened at $28.57 and oscillated in the range $28.53 - $30.16 during the trading session. A total of 6.91 million shares exchanged hands during the day which was way above the previous day's trading volume of 1.44 million. The full analyst notes on Iron Mountain are available to download free of charge at:
http://www.analystsreview.com/2623-IRM-19May2014.pdf
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Waters Corporation Analyst Notes
On May 12, 2014, Waters Corporation (Waters) introduced CORTECS 2.7 micron columns featuring solid-Core particle technology and expanded its family of CORTECS® Columns. The Company stated that CORTECS 2.7 set a new standard for HPLC column performance. As per Waters, CORTECS 2.7 is designed for analytical scientists in order to maximize performance on their existing LC systems. According to the Company, these columns run at lower pressures and deliver high efficiencies which provide the scientists with the flexibility to use longer column lengths, improving resolution or higher flow rates, speeding up instrument analysis times and increasing throughput. Michael Yelle, Vice President, Consumables Business Unit, Waters Division, said, "With the introduction of CORTECS 2.7 micron Columns, Waters now gives chromatographic laboratories the ability to improve the resolution, speed, and sensitivity of their HPLC separations." The full analyst notes on Waters are available to download free of charge at:
http://www.analystsreview.com/2623-WAT-19May2014.pdf
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Akamai Technologies, Inc. Analyst Notes
On May 13, 2014, Akamai Technologies, Inc. (Akamai) announced that it will be participating in the J.P. Morgan Global Technology, Media & Telecom Conference in Boston. CEO Tom Leighton will present an update on Akamai's service offerings at the conference which is scheduled to be held on May 19, 2014 at 9:00 a.m. ET, at The Westin Copley Place, 10 Huntington Avenue. Akamai is a cloud services provider for delivering, optimizing and securing online content and business applications. The full analyst notes on Akamai are available to download free of charge at:
http://www.analystsreview.com/2623-AKAM-19May2014.pdf
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