Technology Sector in Focus: Special Research on Transact, Wave, Barracuda, Palo Alto, and Ruckus Wireless
NEW YORK, March 9, 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 Transact (NASDAQ: TACT), Wave (NASDAQ: WAVX), Barracuda (NYSE: CUDA), Palo Alto (NYSE: PANW), and Ruckus Wireless (NYSE: RKUS). 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):
TACT Research Report: ( http://get.analystsreview.com/pdf/?c=Transact&d=09-Mar-2015&s=TACT ),
WAVX Research Report: ( http://get.analystsreview.com/pdf/?c=Wave&d=09-Mar-2015&s=WAVX ),
CUDA Research Report: ( http://get.analystsreview.com/pdf/?c=Barracuda&d=09-Mar-2015&s=CUDA),
PANW Research Report: ( http://get.analystsreview.com/pdf/?c=Palo%20Alto&d=09-Mar-2015&s=PANW )
RKUS Research Report: ( http://get.analystsreview.com/pdf/?c=Ruckus%20Wireless&d=09-Mar-2015&s=RKUS ).
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Analyst Update: Quarterly Earnings, and Recognitions
Reviewed by: Rohit Tuli, CFA®
The U.S. indices plunged on Friday as Wall Street feared that a strong jobs report is likely to speed up the Federal Reserve's rate-hike schedule. A better-than-expected 295,000 jobs were created in February and as per U.S. non-farm payrolls (NFP) data, the unemployment rate fell more than expected to 5.5% in February. The Dow Jones Industrial Average declined 278.94 points, or 1.54%, to 17,856.78, the S&P 500 fell 29.78 points, or 1.42%, 2,071.26 and Nasdaq was down 55.44 points to end the session at 4,927.37. European equities closed mixed on Friday after fresh jobs data from the U.S. beat market expectations. Shares of stainless steel producers surged after news the European Union was set to impose anti-dumping duties on imports from China and Taiwan. The FTSEurofirst 300 index of top European shares ended 0.1% higher at 1,570.79. Asian shares largely rose on Friday, supported by a stronger close on Wall Street overnight, with Japanese and South Korean markets scaling fresh highs. Investors also awaited the U.S. nonfarm payrolls data. Japan's Nikkei 225 index gained 1.17%, while the Shanghai Composite was down 0.22%.
TransAct Technologies Incorporated (Transact) released its Q4 and full year 2014 financial results on March 5, 2015. Zacks had expected the Company to report EPS of $0.06 per share and $0.16 for the quarter and full-year 2014, respectively. The Company however missed these estimates by one cent each, and reported an adjusted EPS of $0.05 in Q4 and $0.15 in full year 2014.
Wave Systems Corp. (Wave) released its Q4 and full-year 2014 financial results on Thursday, March 5, 2015. Wave achieved a 32% reduction in its 2014 operating expenses, which resulted from further cost cutting measures instituted by the Company during the year to align with the current business.
Barracuda Networks, Inc.'s (Barracuda) gross-billings during Q3 2014 increased 18% YoY to a record $91.5 million. Total revenue for the quarter increased 19% YoY to $70.4 million. The Company also narrowed its net loss to $36,000 from $2.1 million in Q3 2013.
Palo Alto Networks, Inc. (Palo Alto) announced that Ron Myers its Vice President, Worldwide Channels and Todd Palmer, Vice President, Americas Channels, have entered in the prestigious list of the 2015 CRN Channel Chiefs.
Ruckus Wireless, Inc. (Ruckus Wireless) posted an increase of 24.3% YoY in its full-year 2014 revenues. Operating income surged to $14.4 million from $0.2 million in 2013 while net income for the year stood at $8.2 million versus $1.8 million in 2013. The Company has provided its guidance for Q1 FY 2015.
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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.
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.
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