Quarterly Financial Results, Market Activity, New Products, and Contest Winners - Research Reports on ARM Holdings, Broadcom, TripAdvisor, Salesforce.com and Lam Research
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NEW YORK, October 27, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding ARM Holdings PLC (NASDAQ: ARMH), Broadcom Corp. (NASDAQ: BRCM), TripAdvisor Inc. (NASDAQ: TRIP), Salesforce.com, Inc (NYSE: CRM) and Lam Research Corporation (NASDAQ: LRCX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7445-100free.
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ARM Holdings PLC Research Reports
On October 21, 2014, the ADRs of ARM Holdings PLC (ARM Holdings) fell 4.79% to end at $39.57, after the Company reported Q3 2014 financial results. In dollar terms, the Company's Q3 2014 revenues increased 11.7% YoY to $320.2 million (£195.5 million), which as per a same day Reuters report was below the market expectations of $326.3 million. Total Technology Licensing revenues, in dollar terms increased 15.8% YoY to $142.5 million (£88.4 million), accounting for 44.5% of total revenues. Normalized profit before tax came in at £101.2 million, versus £92.6 million in the year ago period. Normalized fully diluted EPS were 5.92 pence (28.80 cents per ADS) in Q3 2014 compared to 5.11 pence (24.84 cents per ADS) Q3 2013. Simon Segars, CEO, ARM Holdings, said, "Q3 has seen accelerating royalty revenue growth and strong demand for our processors and physical IP. We have seen encouraging license momentum and design activity throughout our customer base, with more Partners choosing to deploy ARMv8-A architecture in multiple end markets." The Company further expects group dollar revenues for Q4 2014 to be in-line with market expectations of c.$350 million. The full research reports on ARM Holdings are available to download free of charge at:
http://www.analystsreview.com/Oct-27-2014/ARMH/report.pdf
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Broadcom Corp. Research Reports
On October 21, 2014, Broadcom Corp. (Broadcom) reported Q3 2014 financial results, exceeding market expectations. Q3 2014 net income was $98 million, or 16 cents a diluted share, compared with $316 million, or 55 cents per diluted share, in the year ago period. Non-GAAP Q3 2014 net income was $569 million, or $0.91 per diluted share, compared with $460 million, or $0.76 per diluted share in Q3 2013. As per a Bloomberg report, excluding certain charges, average analyst estimated profits of 84 cents per share during Q3 2014. Net revenue for Q3 2014 was $2.26 billion, up 5.31% YoY. Scott McGregor, Broadcom's President and CEO, said, "Our strong performance was driven by the Broadband and Connectivity business and diligent expense management. Longer term, the company's renewed focus on its core businesses is expected to produce improved margins and cash flows, enabling increased capital return." The full research reports on Broadcom are available to download free of charge at:
http://www.analystsreview.com/Oct-27-2014/BRCM/report.pdf
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TripAdvisor Inc. Research Reports
On October 16, 2014, TripAdvisor Inc. (TripAdvisor) announced the winners of the TripAdvisor TV Ad Contest, its first-ever user-generated ad contest, which was launched on August 1, 2014. According to TripAdvisor, the Company received hundreds of entries from the TripAdvisor community in the U.S., France and Australia where the TripAdvisor "Don't Just Visit" ads initially aired. Buoyed by the success of its contest, TripAdvisor has decided to launch the second edition iteration of the contest in these three countries. The winners of the first edition contest are Denver-based filmmaker and TripAdvisor user Jason Graisa and his creative partner Curt Donohue for their "Fargo" submission. The duo will share the grand prize of $25,000 and their ad will feature on the U.S. national cable television for two weeks starting on October 20, 2014. TripAdvisor also recognized and surprised five runner-up winners making the decision to award a prize of $10,000 and also run their ads on TV in their countries. The full research reports on TripAdvisor are available to download free of charge at:
http://www.analystsreview.com/Oct-27-2014/TRIP/report.pdf
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Salesforce.com, Inc Research Reports
On October 14, 2014, Salesforce.com, Inc (Salesforce.com) launched Salesforce1 Lightning - the fastest way to build mobile apps. According to Salesforce.com, this gen-next Salesforce1 Platform empowers developers to quickly build the innovative mobile apps that company needs. Salesforce.com claims that leading companies like Brown-Forman, Philips and Seagate are building apps much faster by using its platform. Mike Rosenbaum, GM and EVP, Salesforce1 Platform, Salesforce, said "With Salesforce1 Lightning, we've made technology barriers disappear so anyone can create the apps they need. I can't wait to see what happens when Lightning gets into the hands of developers and business users." The full research reports on Salesforce.com are available to download free of charge at:
http://www.analystsreview.com/Oct-27-2014/CRM/report.pdf
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Lam Research Corporation Research Reports
On October 21, 2014, shares of Lam Research Corporation (Lam Research) gained 2.64% from its previous day's close to end at $73.20, in line with the broader market index (NASDAQ Composite), which jumped 2.40% to 4,419.48. A total of 3.31 million shares changed hands, higher than the 30-day average trading volume of 2.22 million shares. The stock is trading near its 52-week high of $77.35, which it made on September 19, 2014. Year-till-date the stock has gained 34.44%, significantly outperforming the NASDAQ Composite, which returned 5.82%, during the same time period. The full research reports on Lam Research are available to download free of charge at:
http://www.analystsreview.com/Oct-27-2014/LRCX/report.pdf
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