Quarterly Earnings, Intelligence Report, Stake Purchase, Solar Projects, and Shareholders' Approval - Research Reports on Corning, FireEye, CDK, SunEdison and Level 3
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, October 31, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Corning Inc. (NYSE: GLW), FireEye, Inc. (NASDAQ: FEYE), CDK Global, Inc. (NASDAQ: CDK), SunEdison, Inc. (NYSE: SUNE) and Level 3 Communications, Inc. (NYSE: LVLT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7595-100free.
--
Corning Inc. Research Reports
On October 28, 2014, Corning Inc. (Corning) announced its Q3 2014 financial results. The Company's core net sales during the quarter increased 25.7% YoY to $2.6 billion, boosted mainly by strong results in Display Technologies segment. Corning's Display Technologies segment core sales were $1.1 billion, up 62.4% YoY. Corning's net income during the quarter stood at $1.0 billion, or $0.72 per diluted share, compared to $408 million, or $0.28 per diluted share, in Q3 2013. The Company reported core earnings of $0.40 per diluted share, up from $0.33 per diluted share in Q3 2013 and topping the average estimate of $0.37 per share in a Reuters' poll of analysts. Also, in Q3 2014, Corning's LCD glass volume was up by high single digits sequentially, driven by retail sales of TVs and supply chain preparations for the upcoming holiday season. However, going ahead in Q4 2014, the Company expects LCD glass volume to be even-to-down slightly from the previous quarter, and in line or slightly better than the overall glass market volume. Shares of Corning gained 3.98% to close at $19.60. The full research reports on Corning are available to download free of charge at:
http://www.analystsreview.com/Oct-31-2014/GLW/report.pdf
--
FireEye, Inc. Research Reports
On October 28, 2014, FireEye Inc. (FireEye) released a comprehensive intelligence report that assesses that an advanced persistent threat (APT) group may be sponsored by the Russian government with the aim of collecting insider information related to governments, militaries, and security organizations. The Company's report - APT28: A Window into Russia's Cyber Espionage Operations? - details the work of a team of skilled Russian developers and operators, designated by FireEye as APT28, that has been interested in collecting information from defense and geopolitical intelligence targets including the Republic of Georgia, Eastern European governments and militaries, and European security organizations, all areas of particular interest to the Russian government. Shares of FireEye jumped 8.66% to close at $33.64. The full research reports on FireEye are available to download free of charge at:
http://www.analystsreview.com/Oct-31-2014/FEYE/report.pdf
--
CDK Global, Inc. Research Reports
On October 28, 2014, Bloomberg reported that an activist hedge fund has acquired a stake in CDK Global Inc. (CDK), less than a month after the Company was spun off from Automatic Data Processing Inc. (ADP). Citing the information revealed in a regulatory filing, Bloomberg reported that Sachem Head Capital Management LP (Sachem Head) has acquired 9.8% of CDK Global's stock and options and is seeking talks with the Company. Bloomberg reported that Sachem Head, which manages about $2 billion, plans a friendly approach to the Company, hoping to improve its performance after the spin-off. Shares of CDK gained 10.84% to close at $33.02. The full research reports on CDK are available to download free of charge at:
http://www.analystsreview.com/Oct-31-2014/CDK/report.pdf
--
SunEdison, Inc. Research Reports
On October 28, 2014, SunEdison, Inc. (SunEdison) announced that it has signed a Memorandum of Understanding (MOU) with the Rajasthan Government to set up multiple solar power projects of 500 megawatts (MW) capacity each, totaling 5 Gigawatts (GW), in Rajasthan, India. The MoU comes after the new Solar Policy was announced by the Government of Rajasthan, which aspires to create 25 GW of solar capacity in the state in the next few years. The Rajasthan government will facilitate the identification of government land suitable for the development of solar photovoltaic projects as well as allot land on a long-term lease in accordance with the applicable policies of the state government. Additionally, the state government would create and provide the necessary electricity interconnection infrastructure, the Company said. SunEdison's stock rose 1.93% to close at $19.06. The full research reports on SunEdison are available to download free of charge at:
http://www.analystsreview.com/Oct-31-2014/SUNE/report.pdf
--
Level 3 Communications, Inc. Research Reports
On October 28, 2014, Level 3 Communications, Inc. (Level 3) and tw telecom inc. (tw telecom) jointly announced that their stockholders have approved the proposed acquisition of tw telecom by Level 3. In June 2014, Level 3 had agreed to acquire tw telecom in a stock-and-cash transaction valued at $40.86 per share. According to the announcement, owners of 86.2% of tw telecom stock approved the deal, while owners of 99.7% of Level 3 stock voted in favor of the deal at their respective special meetings. The deal has already been approved by the U.S. Federal Communications Commission (FCC). In addition, Level 3 announced that it will report its Q3 2014 financial results on November 5, 2014, and the Company expects to close the acquisition prior to that. Level 3's stock jumped 3.57% to close at $45.01. The full research reports on Level 3 are available to download free of charge at:
http://www.analystsreview.com/Oct-31-2014/LVLT/report.pdf
--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
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, represented by Rohit Tuli, CFA. An outsourced research services provider 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.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article