Latest on the Technology Sector: Complementary Research on AirMedia Group, Borderfree, Oi S.A., Voltari, Axcelis Technologies
NEW YORK, May 11, 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 AirMedia Group Inc. (NASDAQ: AMCN), Borderfree, Inc. (NASDAQ: BRDR), Oi S.A. (NYSE: OIBR), Voltari Corporation (NASDAQ: VLTC), and Axcelis Technologies Inc. (NASDAQ: ACLS). 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):
AMCN Research Report: ( http://get.analystsreview.com/pdf/?c=AirMedia%20Group&d=11-May-2015&s=AMCN ),
BRDR Research Report: ( http://get.analystsreview.com/pdf/?c=Borderfree%20Inc.&d=11-May-2015&s=BRDR ),
OIBR Research Report: ( http://get.analystsreview.com/pdf/?c=Oi%20S.A.&d=11-May-2015&s=OIBR ),
VLTC Research Report: ( http://get.analystsreview.com/pdf/?c=Voltari%20Corporation&d=11-May-2015&s=VLTC ),
ACLS Research Report: ( http://get.analystsreview.com/pdf/?c=Axcelis%20Technologies&d=11-May-2015&s=ACLS ).
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Analyst Update: New Contract, Acquisition, Share Purchase, and Financial Results
U.S. stocks advanced sharply on Friday, after stronger employment data for April suggested the US economy is gaining traction again. The Dow Jones Industrial Average rose 1.49%, to close at 18,191.11, the S&P 500 gained 1.35%, to 2,116.10, and the NASDAQ Composite finished the session at 5,003.55, up 1.17%. European stocks rallied on Friday, lifted by the UK election results, which showed the Conservative Party unexpectedly sweeping into power again. Germany's DAX 30 rose 2.65%, France's CAC 40 advanced 2.48%, and the London's FTSE 100 closed 2.32% higher on Friday. Meanwhile, Asian markets surged on Friday after losing ground in the last few days. The Shanghai Composite, Japan's Nikkei, and Hong Kong's Hang Seng all posted gains on Friday.
AirMedia, a leading operator of out-of-home advertising platforms in China, on April 27, 2015 announced that one of its consolidated entities Guangzhou Meizheng Advertising (AirMedia has 63.2% of the equity interest), has recently entered into a concession agreement with Shandong China Railway Tourism & Advertising Group to install and operate Wi-Fi systems on ordinary trains operated by the Jinan Railway Bureau.
Borderfree, a market leader in global ecommerce, on May 5, 2015 announced its Q1 2015 financial results and its agreement to be acquired by Pitney Bowes for $14 per share in cash. Borderfree reported revenue of $24.8 million for the first quarter, exceeding the high end of its financial guidance for the period.
On April 22, 2015, Oi S.A. informed the shareholders regarding the approval of the European Commission of the acquisition by Altice Portugal, S.A. of all PT Portugal, SGPS, S.A. shares held by Oi S.A. The Company further informed regarding the non-opposition of the Portuguese Insurance and Pension Fund Supervisory Authority (Autoridade de Supervisão de Seguros e Fundos de Pensões) to Altice Portugal, S.A. holding of an qualified indirect participation equal to 82.05% of the share capital of Previsão - Sociedade Gestora de Fundos de Pensões, S.A.
According to a Bloomberg report on April 22, 2015, billionaire investor Carl Icahn has increased his stake in Voltari Corp by 12 times in the last month. On March 31, 2015, Icahn disclosed that he acquired c.4.1 million additional shares, or 52.3% stake of Voltari.
Axcelis Technologies (Axcelis) on May 5, 2015 announced financial results for the first quarter 2015. Revenue for the first quarter 2015 was $73.3 million, an increase of 20.5% from year ago period. Gross profit for the first quarter 2015 improved to $23.4 million, from $21.7 million in Q1 2014.
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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.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review. An outsourced research services provider, represented by a registered analyst has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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