New Product Launches, Preliminary Results Releases, Stock Price Movements, and Earnings Release Schedules - Analyst Notes on ServiceNow, ARRIS, NetApp, CenturyLink and Palo Alto Networks
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NEW YORK, May 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding ServiceNow, Inc. (NYSE: NOW), Arris Group Inc. (NASDAQ: ARRS), NetApp, Inc. (NASDAQ: NTAP), CenturyLink, Inc. (NYSE: CTL) and Palo Alto Networks, Inc. (NYSE: PANW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2309-100free.
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ServiceNow, Inc. Analyst Notes
On April 30, 2014, the enterprise IT cloud Company - ServiceNow, Inc., (ServiceNow) announced the launch of 'ServiceNow Share' at Knowledge14 Conference. According to the Company, ServiceNow Share is an online exchange enabling content sharing among customers and partners who can upload and download applications and development content. As per the Company, share users can pull ideas from others in the community so as to accelerate application creation and service delivery. Shane Jackson, Vice President, Marketing, ServiceNow, said, "Today's modern enterprises can no longer sustain a competitive advantage running their business on email and spreadsheets. So customers are using our platform to do disruptive things that profoundly change the way business works. ServiceNow Share empowers our community to innovate, share and deploy service-oriented applications faster and easier than ever before." The full analyst notes on ServiceNow are available to download free of charge at:
http://www.analystsreview.com/2309-NOW-12May2014.pdf
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Arris Group Inc. Analyst Notes
On May 6, 2014, ARRIS Group, Inc. (ARRIS) announced preliminary and unaudited financial results for Q1 2014. ARRIS announced adjusted net diluted EPS of $0.47 for Q1 2014, versus $0.25 in Q1 2013. GAAP net income was $0.28 per diluted share, as compared to Q1 2013 GAAP net loss of $0.13 per diluted share. David Potts, ARRIS Executive Vice President and CFO,said, "With respect to the second quarter 2014, we now project that revenues for the Company will be in the range of $1,410 million to $1,450 million, with adjusted net income per diluted share in the range of $0.64 to $0.70 and GAAP net income per diluted share in the range of $0.27 to $0.33." On May 7, 2014, ARRIS' stock closed at $28.60, up 11.20%. Trading volume for the session was 8.95 million shares, as compared to the previous day trading volume of 1.95 million shares. The full analyst notes on ARRIS are available to download free of charge at:
http://www.analystsreview.com/2309-ARRS-12May2014.pdf
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NetApp, Inc. Analyst Notes
On May 7, 2014, stock of NetApp Inc. (NetApp) closed at $33.70, down 3.66%, and in line with the broader market index NASDAQ Composite, which closed at $4,067.67, down 0.32%. The Company's stock opened at $34.37 and oscillated between $33.34 and $34.60 during the session. The trading volume for the day was 7.32 million shares, as compared to the previous day trading volume of 3.54 million shares. NetApp is expected to release its Q4 FY 2014 financial results on May 21, 2014 and the expected consensus EPS for the quarter according to Zacks.com is $0.62. The full analyst notes on NetApp are available to download free of charge at:
http://www.analystsreview.com/2309-NTAP-12May2014.pdf
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CenturyLink, Inc. Analyst Notes
On May 07, 2014, CenturyLink, Inc. (CenturyLink) reported financial results for Q1 2014. The Company reported operating revenue of $4.54 billion, up 0.6% YoY driven by higher strategic and data integration revenues. The revenue figure was slightly above the Thomson Reuters analysts' estimates of $4.49 billion for Q1 2014. GAAP net income was $203 million, or 35 cents per diluted share, as against $298 million, or 48 cents per diluted share reported during Q1 2013. According to CenturyLink, Q1 2014 adjusted diluted EPS were 66 cents, down 13.2% YoY, but better than the 61 cents figure estimated by Thomson Reuters. Glen F. Post III, CEO and President, said, "CenturyLink generated strong first quarter financial and operating results, driven by continued business demand for high-bandwidth data services, consumer demand for high-speed Internet and Prism TV services, hosting revenue growth and a solid improvement in the rate of legacy revenue decline." The full analyst notes on CenturyLink are available to download free of charge at:
http://www.analystsreview.com/2309-CTL-12May2014.pdf
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Palo Alto Networks, Inc. Analyst Notes
On May 1, 2014, Palo Alto Networks, Inc. (Palo Alto Networks) announced that it will release its financial results for Q3 FY 2014 (period ended April 30, 2014) on May 28, 2014, after the U.S. markets close. The Company informed that it will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) in order to discuss the financial results. According to Zacks investment research data, the Company is expected to report a net loss per share of 6 cents for Q3 FY 2014. In the preceding quarter, Q2 FY 2014, the Company reported total revenue of $141.1 million, up 46.2% primarily driven by strong customer demand for its integrated and automated enterprise security platform. The full analyst notes on Palo Alto Networks are available to download free of charge at:
http://www.analystsreview.com/2309-PANW-12May2014.pdf
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