Strategic Agreements, Grants, Financial Results, and New Service Launches - Analyst Notes on AOL, EMC, Cognizant, Trimble and Vodafone
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NEW YORK, May 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding AOL, Inc. (NYSE: AOL), EMC Corporation (NYSE: EMC), Cognizant Technology Solutions Corporation (NASDAQ: CTSH), Trimble Navigation Limited (NASDAQ: TRMB) and Vodafone Group plc (NASDAQ: VOD). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2323-100free.
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AOL, Inc. Analyst Notes
On May 6, 2014, AOL, Inc. (AOL) announced that the Company has entered into an agreement to acquire Convertro Inc., a leading provider of multi-touch attribution modeling technology for brands and agencies, in an effort to continue strategic investment in its programmatic platforms. AOL has agreed to acquire Convertro for a closing purchase price of approximately $101 million. Commenting on the development, AOL's Chairman and CEO, Tim Armstrong said, "Our agreement to acquire Convertro demonstrates our continued commitment to bring efficiency to the advertising industry through automation and machine learning." The Company informed that the transaction comes after the recent announcement of ONE by AOL, a programmatic enterprise platform that will drive powerful brand insight and actions across all screens including linear and connected TV, all formats, and all inventory. The full analyst notes on AOL are available to download free of charge at:
http://www.analystsreview.com/2323-AOL-12May2014.pdf
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EMC Corporation Analyst Notes
On May 7, 2014, EMC Corporation (EMC) announced that it is now accepting nominations for 2014 Heritage Trust Project to support projects that practice and encourage the stewardship of cultural information in local communities around the world. Till date, EMC has supported more than 40 projects with Heritage Trust grants and, through the broader EMC Information Heritage Initiative program, has donated more than $35 million to preserve cultural information globally through digitization. Applications will be accepted beginning May 7, 2014 till June 20, 2014 and the project is open to 15 countries. The full analyst notes on EMC are available to download free of charge at:
http://www.analystsreview.com/2323-EMC-12May2014.pdf
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Cognizant Technology Solutions Corporation Analyst Notes
On May 7, 2014, Cognizant Technology Solutions Corporation (Cognizant) reported its financial results for Q1 2014, showing that net income surpassed street's estimates with strong growth in revenues, especially from the European region. Cognizant's Q1 2014 net income came in at $348.9 million, or $0.57 per diluted share, as compared to $248.2 million, or $0.47 per diluted share in Q1 2013. Revenues in Q1 2014 increased 19.9% YoY to $2.42 billion. On average, analysts polled by Reuters expected the Company to report an EPS of $0.55 on revenue of $2.43 billion. Cognizant's revenues from Europe increased to $470.1 million, up 35.0% YoY, and contributed 19.4% to the total quarterly revenues. According to a Reuters report dated May 7, 2014, the growth in European revenues reflected the strongest growth since the Company started breaking out revenue by region two years ago. Cognizant expects Q2 2014 non-GAAP diluted EPS to be $0.62. The full analyst notes on Cognizant are available to download free of charge at:
http://www.analystsreview.com/2323-CTSH-12May2014.pdf
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Trimble Navigation Limited Analyst Notes
On May 7, 2014, Trimble Navigation Limited (Trimble) reported its financial results for Q1 2014. The Company posted 8.7% YoY increase in net sales for the quarter to $604.7 million. GAAP operating margin was 12.5% of revenue in Q1 2014 versus 10.2% of revenue in Q1 2013. Net income attributable to Trimble for Q1 2014 came in at $68.6 million, or $0.26 per diluted share, as compared to $49.8 million, or $0.19 per diluted share in Q1 2013. For Q2 2014, the Company expects revenue to be between $605 million and $630 million with GAAP EPS of $0.22 and $0.26. The full analyst notes on Trimble are available to download free of charge at:
http://www.analystsreview.com/2323-TRMB-12May2014.pdf
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Vodafone Group plc Analyst Notes
On May 8, 2014, Vodafone Group plc (Vodafone) announced the launch of a new mobile app which enables customers to electronically load all their plastic cards straight into Vodafone's mobile wallet located on their smartphone. The Company informed that it signed an agreement with Austrian software company, Bluesource, to provide a Vodafone Wallet version of its 'mobile-pocket' app - one of the largest and most popular customer cards and shopping apps in Europe. The service is free of charge to use and will sit within the Vodafone mobile wallet. Commenting on the development, Stefano Parisse, Group Consumer Services Director of Vodafone, said, "Our customers want to take advantage of as many club, retail and membership offers as possible, but the number of plastic cards often exceed the capacity of their physical wallets." The full analyst notes on Vodafone are available to download free of charge at:
http://www.analystsreview.com/2323-VOD-12May2014.pdf
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