|By PR Newswire||
|August 30, 2013 09:30 AM EDT||
CHICAGO, Aug. 30, 2013 /PRNewswire/ -- Zacks Equity Research highlights Magna International Inc. (NYSE:MGA-Free Report) as the Bull of the Day and Hibbett Sports, Inc. (Nasdaq:HIBB-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on the Juniper Networks (NYSE:JNPR-Free Report), VMware (NYSE:VMW-Free Report) and Alcatel-Lucent, S.A. (NYSE:ALU-Free Report).
Here is a synopsis of all five stocks:
Tesla has made cars sexy again. The auto industry is in the middle of a renaissance, and that includes the auto parts suppliers like Magna International Inc. (NYSE:MGA-Free Report). This Zacks Rank #1 (Strong Buy) has surprised on the Zacks Consensus Estimate 7 quarters in a row.
Magna is based in Ontario, Canada and has 315 manufacturing operations in 29 countries. Its customers encompass nearly every auto company in the world. It produces body, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures and roof systems.
On Aug 8, Magna reported second quarter earnings and beat the Zacks Consensus by 11.3%. Sales jumped 16% to a record $8.96 billion. This was better than vehicle production which rose 7% in North America and fell 1% in Europe.
Complete vehicle assembly sales jumped 23% to $796 million compared to $645 million last year.
The auto supplier is optimistic about North American production. It gave 2013 guidance of 16.1 million vehicles.
It also raised full year revenue guidance to the range of $33.3 billion to $34.7 billion from its previous guidance of $32.6 billion to $34 billion.
Magna didn't give EPS guidance but that didn't stop the analysts from raising their estimates for both 2013 and 2014 after the big earnings beat.
8 out of 10 estimates have moved higher for 2013 since the report, pushing the Zacks Consensus Estimate up to $6.14 from $5.96.
This Zacks Rank #5 (Strong Sell) is only expected to grow earnings by 1.3% in fiscal 2014 as the retail environment remains challenging.
Hibbett Sports operates sporting goods stores predominantly in the South, Southwest, Mid-Atlantic and Midwest regions of the U.S. Its stores average about 5,000-square-feet and are located in strip malls and enclosed malls in small to mid-sized markets.
On Aug 23, Hibbett reported second quarter results and did beat the Zacks Consensus by 2 cents. Earnings were 40 cents compared to the Consensus of 38 cents.
But comparable same store sales rose just 0.3% year over year. The company blamed the soft sales on a "challenging economic environment."
Despite being encouraged by a strong start to the third quarter, and beating the Consensus Estimate for the second quarter, Hibbett still lowered its full year earnings guidance to the range of $2.65 to $2.77 from previous guidance of $2.85 to $3.05.
Full year comparable store sales are now expected to be in the low single-digit range which is down from the low to mid single-digit range it had been forecasting.
The analysts didn't wait around for more news. They cut fiscal 2014 to $2.76 from $2.91 but they also aren't optimistic on fiscal 2015 either. They slashed fiscal 2015 to $3.16 from $3.35.
Juniper, VMWare Expand Partnership
One of the leading providers of networking solutions and communications devices, Juniper Networks (NYSE:JNPR-Free Report) recently announced that it has extended its partnership with VMware (NYSE:VMW-Free Report) to offer solutions for connecting virtual and physical networks within a virtual data center. VMware is an industry-leading virtualization software company.
The partnership involves Juniper's VMware NSX L2 Gateway integration and VXLAN routing products that enable connection within a data center and between data centers and speed up the transition to software-defined networking (SDN). Considering VMware's market position and customer clout, the partnership should help Juniper Networks expand its customer base.
The increasing complexity in cloud infrastructure has led to growing demand for SDN solutions. These solutions increase the flexibility of the infrastructure and reduce costs for companies. It is expected that the lower cost proposition will lead to quicker adoption of SDN technology, which bodes well for suppliers such as Juniper.
Juniper's second-quarter 2013 revenues moved up 7.2% to $1.15 billion from the year-ago quarter and 8.6% sequentially. It is witnessing strong revenue growth in some of its key business markets and is gaining traction in its routing and switching portfolio. The company's new products, cost reduction initiatives and improving execution are expected to remain the positives, going forward.
Juniper Networks Inc. is a leading provider of networking solutions and communications devices. The company develops, designs and sells products that help to build network infrastructure, which are used for services and applications based on single Internet protocol networks worldwide.
However, the pending outcome of the SEC investigation, competition from Alcatel-Lucent, S.A. (NYSE:ALU-Free Report), among others, still-sluggish federal spending and unfavorable macroeconomic conditions remain near-term headwinds.
Currently, Juniper has a Zacks Rank #2 (Buy).
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Click here to subscribe to this free newsletter today.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Get the full Report on ALU - FREE
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
SOURCE Zacks Investment Research, Inc.
"Lanlogic has been around since 1995 and we focus on helping customers that are traditionally less technical and need someone who’s an IT consultant, a trusted business adviser, to help them evaluate their needs," explained Joe Foos, Director of Sales & Marketing at Lanlogic, in this SYS-CON.tv interview at the 13th International Cloud Expo®, held Nov 4–7, 2013, at the Santa Clara Convention Center in Santa Clara, CA. Cloud Expo® 2014 New York, June 10-12, at the Javits Center in New York City,...
Dec. 11, 2013 12:00 PM EST Reads: 1,131
SYS-CON Events announced today that CloudTimes has been named “Media Sponsor” of SYS-CON's 14th International Cloud Expo®, which will take place on June 10–12, 2014, at the Javits Center in New York City, New York, and the 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. CloudTimes is the premier source for thought leadership and the latest news on Cloud Computing. We are an international group of Cloud Computi...
Dec. 11, 2013 10:00 AM EST Reads: 965
"It's been a great show for NetIQ - we've had the opportunity to speak about how NetIQ is enabling the cloud - how we are allowing customers to get access to cloud services that enable service providers to deliver cloud services in a secure, compliant manner," explained Gary Ardito, Chief Architect for Cloud Service Provider Solutions at NetIQ, in this SYS-CON.tv interview at the 13th International Cloud Expo®, held Nov 4-7, 2013, at the Santa Clara Convention Center in Santa Clara, CA. Cloud E...
Dec. 11, 2013 09:45 AM EST Reads: 1,264
"At InMage we are enabling the hybrid cloud. Cloud presents a lot of opportunities but there is no vehicle to take services into the hybrid cloud," noted Murali Nambiar, Sr. Product Manager for Backup and DR Products at InMage, in this SYS-CON.tv interview at the 13th International Cloud Expo®, held Nov 4–7, 2013, at the Santa Clara Convention Center in Santa Clara, CA. Cloud Expo® 2014 New York, June 10-12, at the Javits Center in New York City, NY, will feature technical sessions from a rock ...
Dec. 11, 2013 09:45 AM EST Reads: 806
"We have a threefold product and an in-memory database is our core platform, which helps our customers do completely net new workloads and we has some interesting high-performance use cases," explained Jon Webster, VP Business Development at GridGain Systems, in this SYS-CON.tv interview at the 13th International Cloud Expo®, held Nov 4–7, 2013, at the Santa Clara Convention Center in Santa Clara, CA. Cloud Expo® 2014 New York, June 10-12, at the Javits Center in New York City, NY, will feature...
Dec. 10, 2013 12:00 PM EST Reads: 1,376
"ActiveState is focused on the cloud market with a product called Stackato, an enterprise private PaaS solution that allows enterprises to manage and deploy their own Platform as a Service offering," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at the 13th International Cloud Expo®, held Nov 4–7, 2013, at the Santa Clara Convention Center in Santa Clara, CA. Cloud Expo® 2014 New York, June 10-12, at the Javits Center in New York City, NY, will f...
Dec. 10, 2013 11:00 AM EST Reads: 1,449
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named “Bronze Sponsor” of SYS-CON's 14th International Cloud Expo®, which will take place on June 10–12, 2014, at the Javits Center in New York City, New York, and the 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Indu...
Dec. 10, 2013 10:00 AM EST Reads: 1,419
"Since the acquisition Terremark has been getting closer and closer and tighter with Verizon and we have some joint projects underway. We're about to set the world on fire," noted Jim Anthony, VP of Sales Engineering at Verizon Terremark, in this SYS-CON.tv interview at the 13th International Cloud Expo®, held Nov 4-7, 2013, at the Santa Clara Convention Center in Santa Clara, CA. Cloud Expo® 2014 New York, June 10-12, at the Javits Center in New York City, NY, will feature technical sessions f...
Dec. 9, 2013 08:45 AM EST Reads: 1,538
"We announced what we believe is a game-changing technology in storage. We introduced a new product called the Ultrastar He6 and we announced a technology called HelioSeal, which is the process of hermetically sealing helium inside the hard drive," explained Brendan Collins, VP of Product Marketing at HGST, in this SYS-CON.tv interview at the 13th International Cloud Expo®, held Nov 4-7, 2013, at the Santa Clara Convention Center in Santa Clara, CA. Cloud Expo® 2014 New York, June 10-12, at the...
Dec. 9, 2013 08:30 AM EST Reads: 1,550
"APIs are a layer of integration where you integrate apps to the back end. Those APIs have to be secure, they have to be managed, they have to be monitored, you have to know everything that happens to those APIs and we provide that level of product so people don’t have to worry about it," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at the 13th International Cloud Expo®, held Nov 4–7, 2013, at the Santa Clara Convention Center in Santa Clara, ...
Dec. 9, 2013 07:00 AM EST Reads: 1,710
- Cloud Solutions and Technology
- Opening Keynote at Cloud Expo | The Changing Atmosphere of Cloud Computing
- Cloud Computing 2.0 Flexibility Discussed at Cloud Expo
- Establish and Manage a Recurring Revenue Model
- Cloud Expo: Cloud Shifts the Burden of Security to Development
- Weekend Special: Cloud Expo Keynotes and Expo Pass
- Cloud Expo Silicon Valley: Don’t DIY Your VDI
- Safeguard Your Organization with Cisco Email Security Solutions Webinar
- Cloud Expo Silicon Valley: Day 3 Lunchtime Keynote – The Internet of Things
- SDN: Uncovering Amazon's Secret Sauce
- Ten Myths of Cloud Computing
- Cloud Storage Adoption Gaining Among Businesses
- WebRTC Summit at Cloud Expo Agenda Announced
- Financial Results, New Appointments, and General Meetings - Research Report on Red Hat, Yelp, Sierra Wireless, Infinera, and Bitauto
- Cloud Solutions and Technology
- At-a-Glance: Comparing VMware vSphere 5.5 & Windows Server 2012 R2 Hyper-V
- User Accounts Are Only the Tip of the Iceberg
- WebRTC Summit | WebRTC Business Models: Building a Web-Based Telecom Co
- Open Server Summit Reports Doubling of Registration
- Announcing "OpenStack Fundamentals Track" at Cloud Expo
- Opening Keynote at Cloud Expo | The Changing Atmosphere of Cloud Computing
- Framework for Service Oriented Ecosystem
- Gartner Identifies the Top 10 Strategic Technology Trends for 2014
- The Security of Popular Cloud Storage Sites
- Cloud Expo New York: Best CIO Practices Shared from SHI’s Customers
- Cloud Expo New York: How to Use Google Apps Script
- Cloud Expo New York: Cloud Is Changing the Economics of Business
- Rackspace Hosting Named “Platinum Plus Sponsor” of Cloud Expo New York
- Virtual, Cloud & IT Availability - Shared Responsibility & Common Sense
- WebRTC Summit at Cloud Expo Agenda Announced
- Enterasys Spotlights SDN's Impact on Traditional Networking in Upcoming Webinar
- Microsoft-Nokia: An Open Letter from Ballmer and Elop
- Cloud Expo New York: API Security, Does My Business Need an OAuth Server?
- ARM Server “Microservers” Seek to Transform Cloud, Big Data
- ScaleOut Software to Exhibit at Cloud Expo New York
- Cloud Expo New York: Rethink IT and Reinvent Business with IBM SmartCloud