Recent Highlights from the Technology Sector: Complementary Research on xG Technology, InvenSense, EarthLink, Kulicke and Soffa and Cyan
NEW YORK, May 8, 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 xG Technology Inc. (NASDAQ: XGTI), InvenSense Inc. (NYSE: INVN), EarthLink Holdings Corp. (NASDAQ: ELNK), Kulicke and Soffa Industries Inc. (NASDAQ: KLIC), and Cyan Inc. (NYSE: CYNI). 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):
XGTI Research Report: ( http://get.analystsreview.com/pdf/?c=xG%20Technology%20Inc.&d=08-May-2015&s=XGTI ),
INVN Research Report: ( http://get.analystsreview.com/pdf/?c=InvenSense%20Inc.&d=08-May-2015&s=INVN ),
ELNK Research Report: ( http://get.analystsreview.com/pdf/?c=EarthLink%20Holdings&d=08-May-2015&s=ELNK ),
KLIC Research Report: ( http://get.analystsreview.com/pdf/?c=Kulicke%20and%20Sofa&d=08-May-2015&s=KLIC ),
CYNI Research Report: ( http://get.analystsreview.com/pdf/?c=Cyan%20Inc.&d=08-May-2015&s=CYNI ).
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Analyst Update: Acquisition Update, New Patent, and Earnings
U.S. stocks advanced on Thursday, recovering from their previous two disappointing sessions, as better than expected weekly jobless claims report boosted sentiment. The NASDAQ Composite gained 0.53%, to close at 4,945.54, the Dow Jones Industrial Average edged up 0.46%, to 17,924.06, and the S&P 500 ended the day at 2,088.00, up 0.38%. European stocks were mixed on Thursday. Germany's DAX 30 rose 0.51%, while France's CAC 40 and the London's FTSE 100 were down 0.29% and 0.67%, respectively, on Thursday. Meanwhile, Asian markets closed lower on Thursday amid rising concern over a potential policy shift by Chinese stock market regulators. The Shanghai Composite, Australia's S&P ASX and Japan's Nikkei all fell on Thursday.
xG Technology, Inc. (xG Technology) on May 4, 2015 announced that it has been awarded a new patent - "Hybrid ARQ system with Snapshot Feedback Mechanism for Interference Prone Wireless Networks" that covers enhanced techniques for mitigating interference in wireless transmissions.
InvenSense, Inc. (InvenSense) announced its fourth quarter 2015 results on May 4, 2015, with revenue of $99.3 million, up 68% from revenues of $59.0 million in the fourth quarter of fiscal 2014. The Company reported non-GAAP net income of $11.4 million, or $0.12 per diluted share as compared to $6.0 million or $0.07 per share reported previous year corresponding quarter.
EarthLink Holdings Corp. (EarthLink) announced its first quarter 2015 results on May 4, 2015, with revenues declining 5% y-o-y from $297.3 to $282.4 million. However, the revenue number beat the street expectation of $271.2 million, surprising the analysts by 4%. The Company reported a loss of $10.5 million or $0.10 per share versus a loss of $26.5 million or $0.26 per share reported in the year ago quarter.
Kulicke and Soffa Industries Inc. (Kulicke and Soffa) on May 05, 2015, announced its second quarter results for 2015. The Company recorded a 27.2% y-o-y increase in revenues, which aggregated at $145.2 million as compared to $114.2 million recorded last year this quarter.
Cyan, Inc. (Cyan) on May 4, 2015 announced that it has entered into a definitive agreement to be acquired by Ciena Corp (NYSE:CIEN) for an aggregate purchase price of approximately $400 million (or approximately $335 million net of cash).
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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.
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