Latest Buzz in the Technology Sector: Complementary Research on Groupon, Twitter, Verizon, Xerox and Micrel
NEW YORK, May 13, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Groupon, Inc. (NASDAQ: GRPN), Twitter, Inc. (NYSE: TWTR), Verizon Communications Inc. (NYSE: VZ), Xerox Corporation (NYSE: XRX), and Micrel Inc. (NASDAQ: MCRL). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
GRPN Research Report: ( http://get.analystsreview.com/pdf/?c=Groupon&d=13-May-2015&s=GRPN ),
TWTR Research Report: ( http://get.analystsreview.com/pdf/?c=Twitter&d=13-May-2015&s=TWTR ),
VZ Research Report: ( http://get.analystsreview.com/pdf/?c=Verizon&d=13-May-2015&s=VZ ),
XRX Research Report: ( http://get.analystsreview.com/pdf/?c=Xerox&d=13-May-2015&s=XRX ),
MCRL Research Report: ( http://get.analystsreview.com/pdf/?c=Micrel&d=13-May-2015&s=MCRL ).
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Analyst Update: Financial and Operational Results, Appointments, AGM Updates, and Acquisitions
U.S. stocks closed lower on Tuesday amid sharp bond market volatility. The NASDAQ Composite closed at 4,976.19, down 0.35%, the S&P 500 fell 0.29% to 2,099.12, and the Dow Jones Industrial Average finished the day 0.20% lower, at 18,068.23. European stocks fell sharply on Tuesday as heavy bond market sell-off flustered investors. Germany's DAX 30 slipped 1.72%, France's CAC 40 tumbled 1.06%, and the London's FTSE 100 closed 1.37% lower on Tuesday. Meanwhile, Asian markets were mixed on Tuesday amid concern over Greece's future in the euro zone and interest rate cut in China.
On May 5, 2015, Groupon, Inc. reported its financial results for the first quarter of 2015. The Company reported gross billing of $1.6 billion for Q1 FY15 vis-a-vis $1.5 billion for Q1 FY14. The Company generated revenues of $750.4 million in Q1 FY15 versus $728.4 million in Q1 FY14. Groupon's non-GAAP net earnings attributable to common stockholders came in at $21.3 million, or $0.03 per share.
On May 5, 2015, the Wall Street journal came out with an article on Twitter, Inc., wherein it mentioned that Anthony Noto, the CFO of the Company has taken on the added responsibility of heading Twitter's marketing department.
On May 7, 2015, Verizon announced its preliminary results of the shareholder vote at its annual meeting. According to the announcement, a substantial majority of the shareholders of the Company approved the management's proposal of election of each of Verizon's 11 directors standing for election to a one-year term.
Xerox Corporation announced its financial results for the first quarter of 2015. The Company reported adjusted earnings per share of 21 cents for Q1 FY15. The Company generated revenues of $4.5 billion in Q1 FY15, down 6% or 2% in constant currency. The revenue for the Company's Services business was $2.5 billion while its Document Technology business generated revenues of $1.8 billion for the quarter.
On May 7, 2015, Microchip Technology Inc. announced that it has signed a definitive agreement to acquire Micrel, Inc. for $14.00 per share. As per the announcement, shareholders of Micrel may elect to receive the purchase price in either cash or shares of Microchip common stock.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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