Financial Results, Technology Launches, Promising Partnerships, Stock Sales, Share Repurchase, and Stock Price Movements - Analyst Notes on Trimble, Dolby, AFOP, Methode Electronics and AE
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NEW YORK, May 14, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Trimble Navigation Limited (NASDAQ: TRMB), Dolby Laboratories, Inc. (NYSE: DLB), Alliance Fiber Optic Products Inc. (NASDAQ: AFOP), Methode Electronics Inc. (NYSE: MEI) and Advanced Energy Industries, Inc. (NASDAQ: AEIS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2530-100free.
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Trimble Navigation Limited Analyst Notes
On May 6, 2014, Trimble Navigation Limited (Trimble) reported its Q1 2014 financial results. Revenue came in at $604.7 million, up 8.7% YoY, while operating income stood at $75.7 million, up 34.1% YoY. Net income was $68.6 million or $0.26 per diluted share, compared with $49.8 million or $0.19 per diluted share in Q1 2013. "We did not meet our original expectations in the quarter," said Steven W. Berglund, Trimble's President and CEO. "The shortfall to expectation was focused in the North American agriculture business, which was adversely affected by a number of factors including weather conditions. The rest of the company demonstrated double-digit revenue growth and a significant increase in profitability. In particular, we are seeing an improving environment in construction. In the short term, we anticipate some volatility in agriculture, but the long-term growth prospects are unchanged and we remain optimistic about the second half of the year." For Q2 2014 Trimble expects revenue to be between $605 million and $630 million with EPS of $0.22 to $0.26 The full analyst notes on Trimble are available to download free of charge at:
http://www.analystsreview.com/2530-TRMB-14May2014.pdf
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Dolby Laboratories, Inc. Analyst Notes
On May 1, 2014, Dolby Laboratories, Inc. (Dolby) declared that its latest audio technology, Dolby Atmos, was successfully launched in New Delhi-India's capital city. The Company informed that Delite Cinemas located in Daryaganj, New Delhi will be the first cinema in the city to feature the new technology to movie goers. According to the Company, Dolby Atmos® improves the effectiveness of sound in storytelling by letting filmmakers have the creative freedom to place or move sounds anywhere in the movie theater for a mesmerizing, virtual reality of sound- and the most incredible cinema experience. Ashim Mathur, Marketing Head, Dolby Laboratories India, commented, " We are confident that moviegoers will be captivated by the remarkable clarity and dimension of the sound and will keep coming back to Delite Cinemas to get this amazing experience that Dolby Atmos provides." The full analyst notes on Dolby are available to download free of charge at:
http://www.analystsreview.com/2530-DLB-14May2014.pdf
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Alliance Fiber Optic Products Inc. Analyst Notes
On May 2, 2014, Alliance Fiber Optic Products Inc. (AFOP) reported that on May 1, 2014, its founder and CEO, Peter Chang, sold 200,000 shares of AFOP stock which was held by The Peter & Mary Chang Foundation via a 10b5-1 plan. The Company informed that the Peter & Mary Chang Foundation was created by Peter Chang and his wife, Mary Chang and the foundation aims to make donations to organizations for religious, charitable, scientific, or educational purposes. AFOP also stated that it was listed as an IBD50 by Investor's Business Daily, which also released an article about the Company, entitled "From Piece Parts To Integrated Modules, AFOP Thrives". The full analyst notes on AFOP are available to download free of charge at:
http://www.analystsreview.com/2530-AFOP-14May2014.pdf
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Methode Electronics Inc. Analyst Notes
On May 9, 2014, Methode Electronics Inc.'s (Methode Electronics) shares increased 0.58%, ending the day at $27.96. For the past month, shares in Methode Electronics declined 7.72% compared to the Dow Jones Industrial Average which increased 0.89% during the same period. The full analyst notes on Methode Electronics are available to download free of charge at:
http://www.analystsreview.com/2530-MEI-14May2014.pdf
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Advanced Energy Industries, Inc. Analyst Notes
On May 7, 2014, Advanced Energy Industries, Inc. (AE) declared that its Board of Directors authorized AE to repurchase up to $25.0 million of its common stock over the next 12 months. The Company informed that the purchases by AE will be made gradually in line with applicable securities regulations. AE added that the timing and actual number of shares repurchased shall hinge on several factors such as the market price of AE's common stock, regulatory, legal and contractual requirements, and other market factors. The Company further stated that there is no minimum number of shares to be repurchased under the program, and it may be suspended or discontinued without prior announcements. Garry Rogerson, CEO of AE commented, "Our strong balance sheet and cash flow generation are enabling us to pursue organic and inorganic initiatives to drive growth while giving the flexibility to implement this buyback program." The full analyst notes on AE are available to download free of charge at:
http://www.analystsreview.com/2530-AEIS-14May2014.pdf
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