Leadership Appointments, Multi-Year Agreements, and Financial Results - Analyst Notes on Garmin, Sensata, Giga-tronics, Geospace and Cubic
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NEW YORK, June 5, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Garmin Ltd. (NASDAQ: GRMN), Sensata Technologies Holding NV (NYSE: ST), Giga-tronics Inc. (NASDAQ: GIGA), Geospace Technologies Corporation (NASDAQ: GEOS) and Cubic Corporation (NYSE: CUB). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3402-100free.
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Garmin Ltd. Analyst Notes
On June 2, 2014, Garmin Ltd. (Garmin) announced the appointment of Doug Boessen as the Company's CFO and Treasurer, effective July 31, 2014. "Doug's successful track record as a public company CFO and strong accounting and business experience made him a great candidate to step into this important role on our management team," said Cliff Pemble, President and CEO. "Doug brings an outstanding scope of knowledge and experience to the role, and is eager to help Garmin grow." Mr. Boessen most recently served as the CFO of Collective Brands, Inc. where he started as an associate controller in the year 1997. The full analyst notes on Garmin are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/GRMN/report.pdf
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Sensata Technologies Holding NV Analyst Notes
On June 2, 2014, Sensata Technologies Holding N.V. (Sensata) stock increased 1.49% to end the day at $43.53. The Company's stock grew 0.97% over the past three trading days, compared to the Dow Jones Industrial Average which rose 0.66% and to S&P 500 which gained 0.80% during the same trading period. The full analyst notes on Sensata are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/ST/report.pdf
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Giga-tronics Inc. Analyst Notes
On June 2, 2014, Giga-tronics Inc. (Giga-tronics) announced the completion of a sole-source multi-year agreement with a major aerospace company. The agreement is intended to develop a variant of the Company's high performance fast tuning YIG filters for a third aircraft platform. Further, Giga-tronics also received orders valued at $6.9 million for the non-recurring engineering and for the delivery of a limited number of flight-qualified prototype hardware. John Regazzi, President and CEO of Giga-tronics, said, "Engineers from our components group will produce a working filter in less than 12 months by leveraging Microsource's F/A-18 and F-15E filter know-how. We are very proud to be chosen for this new program based upon our proven field performance on US Navy and US Air Force fighter jets." The Company expects an additional multi-year order in late 2014 for $10.0 million associated with the production units. The full analyst notes on Giga-tronics are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/GIGA/report.pdf
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Geospace Technologies Corporation Analyst Notes
On May 7, 2014, Geospace Technologies Corp. (Geospace) reported its Q2 FY 2014 financial results (period ended March 31, 2014). The Company reported total revenues of $68.6 million compared to $76.4 million in Q2 FY 2013. Net income totaled $10.8 million or $0.82 per diluted share, compared to $16.9 million or $1.30 per diluted share in Q2 FY 2013. Walter R. Wheeler, Geospace Technologies' President and CEO said, "Revenues and net income for the second quarter of our fiscal year saw respective reductions of 10% and 36% compared to the second quarter of last year. The lower quarterly revenues reflect reduced demand and deliveries for each of our product segments during the quarter. Lower product demand in our traditional and wireless product segments can be largely attributed to continued softness in the land seismic market, particularly in North America." The full analyst notes on Geospace are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/GEOS/report.pdf
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Cubic Corporation Analyst Notes
On May 12, 2014, Cubic Corp. (Cubic) reported its Q2 FY 2014 and H1 FY 2014 financial results (period ended March 31, 2014). The Company reported total sales for Q2 FY 2014 of $354.5 million compared to $368.6 million in Q2 FY 2013. Net income attributable to Cubic shareholders totaled $16.1 million, or $0.60 per diluted share, compared to $29.7 million, or $1.11 per diluted share, in Q2 FY 2013. For H1 FY 2014, the Company's sales totaled $661.6 million compared to $683.4 million in H1 FY 2013. Net income attributable to Cubic shareholders totaled $24.5 million, or $0.91 per diluted share, compared to $43.9 million, or $1.64 per diluted share, in H1 FY 2013. The full analyst notes on Cubic are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/CUB/report.pdf
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