Secondary Offering and Financial Results - Analyst Notes on DST Systems, CSC, Stratasys, SunEdison and Ubiquiti
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NEW YORK, May 14, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding DST Systems Inc. (NYSE: DST), Computer Sciences Corporation (NYSE: CSC), Stratasys Inc. (NASDAQ: SSYS), SunEdison, Inc. (NYSE: SUNE) and Ubiquiti Networks, Inc. (NASDAQ: UBNT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2431-100free.
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DST Systems Inc. Analyst Notes
On May 5, 2014, DST Systems Inc. (DST Systems) announced that the Argyros Family Trust and few of its affiliates (Argyros Group) intend to offer for sale in an underwritten secondary offering $450 million of shares of DST Systems' common stock pursuant to DST Systems' shelf registration statement filed with the Securities and Exchange Commission (SEC). Along with the completion of this offering, the Company has agreed to purchase $200 million of common stock from the Argyros Group at the price at which the shares of common stock are sold to the public in the secondary offering, less one half of the underwriting discount (the "Repurchase"). The Company informed that BofA Merrill Lynch and Morgan Stanley are acting as the joint bookrunners for the common stock offering. The full analyst notes on DST Systems are available to download free of charge at:
http://www.analystsreview.com/2431-DST-14May2014.pdf
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Computer Sciences Corporation Analyst Notes
On May 8, 2014, Computer Sciences Corporation (CSC) reported its financial results for Q4 FY 2014 and FY 2014 (period ended March 28, 2014). The revenues during the quarter were reported at $3.3 billion, down 5.0% YoY. For FY 2014, the revenues decreased 8.4% YoY to $13.0 billion. Net income for Q4 FY 2014 came in at $174 million, or $1.17 per diluted share, versus $281 million, or $1.81 per diluted share in Q4 FY 2013. Net income for FY 2014 was reported at $674 million, or $4.47 per diluted share, as compared to $961 million, or $6.18 per diluted share. Mike Lawrie, President and CEO, CSC, commented, "We continue to drive greater profitability across our business and we are targeting double-digit earnings per share growth to $4.35 to $4.55 in fiscal 2015." The full analyst notes on CSC are available to download free of charge at:
http://www.analystsreview.com/2431-CSC-14May2014.pdf
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Stratasys Inc. Analyst Notes
On May 9, 2014, Stratasys Inc. (Stratasys) announced its Q1 2014 financial results. The Company posted 55.3% YoY increase in net sales during the quarter to $150.9 million. The GAAP net income for Q1 2014 came in at $4.0 million or $0.08 per diluted share, as compared to the net loss of $15.5 million, or $0.40 per diluted share in the previous year period. On an adjusted basis, the Company net income per diluted share was $0.40, down from $0.43 per diluted share in Q1 2013, but in line with Reuters' analysts' average estimates. The Company stated that sales of its higher-margin products and services contributed a significant increase in non-GAAP gross margin for Q1 2014, which expanded to a record 60.9% compared to 59.0% for the same period last year. For full-year 2014, Stratasys expects non-GAAP net income in the range of $2.15 to $2.25 per diluted share. The full analyst notes on Stratasys are available to download free of charge at:
http://www.analystsreview.com/2431-SSYS-14May2014.pdf
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SunEdison, Inc. Analyst Notes
On May 8, 2014, SunEdison, Inc. (SunEdison) released its Q1 2014 financial results. During the quarter, net sales were reported at $546.5 million, up 23.2% YoY, driven by higher solar project volume and higher sales of solar materials, partially offset by lower average prices. SunEdison's net loss in Q1 2014 widened to $613.6 million, or $2.31 per diluted share, from net loss of $89.4 million, or $0.40 per diluted share, in the prior year period. On an adjusted basis, the Company's net loss increased to $0.25 per diluted share from $0.16 per diluted share, in Q1 2013. On average, analysts polled by Reuters expected the Company to report an adjusted loss of $0.17 per share. For Q2 2014, SunEdison expects total non-GAAP sales volume for solar energy systems in the range of 60 MW to 80 MW. The full analyst notes on SunEdison are available to download free of charge at:
http://www.analystsreview.com/2431-SUNE-14May2014.pdf
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Ubiquiti Networks, Inc. Analyst Notes
On May 8, 2014, Ubiquiti Networks, Inc. (Ubiquiti) released its earnings report for Q3 FY 2014 (period ended March 31, 2014). Net income for Q3 FY 2014 came in at $45.2 million, or $0.50 per diluted share, compared with a net income of $20.7 million, or $0.23 per diluted share, in Q3 FY 2013. The non-GAAP net income of the Company was $0.50 per diluted share, surpassing the Thomson Reuter's analysts' estimates of $0.49 per share. Revenues during the same quarter were reported at $148.3 million, up 78.4% YoY. For Q4 FY 2014, Ubiquiti expects GAAP diluted EPS to range between $0.47 and $0.51. The full analyst notes on Ubiquiti are available to download free of charge at:
http://www.analystsreview.com/2431-UBNT-14May2014.pdf
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