Analyst’s Review to Watch: Zynga Inc (NASDAQ:ZNGA)

The shares of Zynga Inc (NASDAQ:ZNGA) currently has mean rating of 2.8 while 2 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 11 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Zynga Inc (NASDAQ:ZNGA) is at $2.86 while the highest price target suggested by the analysts is $4.25 and low price target is $2.45. The mean price target is calculated keeping in view the consensus of 13 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 170.30M by 15 analysts. The means estimate of sales for the year ending Dec 16 is 745.86M by 17 analysts.

The average estimate of EPS for the current fiscal quarter for Zynga Inc (NASDAQ:ZNGA) stands at $0.00 while the EPS for the current year is fixed at $0.02 by 18.00 analysts

The next one year’s EPS estimate is set at 0.07 by 18.00 analysts while a year ago the analysts suggested the company’s EPS at $0.02. The analysts also projected the company’s long-term growth at 30.00% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Zynga Inc (NASDAQ:ZNGA) reported earnings of $0.00. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 100.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Zynga Inc (NASDAQ:ZNGA) traded up +1.97% during trading on Friday, hitting $2.62 . The stock had a trading volume of 12.5 M shares. The firm has a 50 day moving average of $2.57 and a 200-day moving average of $2.40. The stock has a market cap of $2.26B. On Jun 26, 2015 the shares registered one year high at $3.00 and the one year low was seen on Feb 11, 2016.

On June 23, 2016 Zynga Inc (NASDAQ:ZNGA) announced the launch of Ice Age: Arctic Blast, a playful Match-3 adventure set in the beloved animated world of the Ice Age film franchise. Debuting in advance of next month’s worldwide premiere of the summer movie event, Ice Age: Collision Course, Ice Age: Arctic Blast is now available to download for free on the App Store for iPhone and iPad and Google Play.

“Starring timeless characters like Sid, Manny, Diego, Scrat and more, Ice Age: Arctic Blast is a new twist on the Match-3 genre, challenging players to progress through the iconic Ice Age universe,” said Jim Stern, Executive Producer, Zynga. “For the first time ever, we are integrating all of the Ice Age movies into a single game, giving movie fans the ability to interact with the entire herd of Ice Age characters through deeply immersive gameplay and stunning visuals. We can’t wait for our players to travel back in time and discover it for themselves.”

Starting, players can access 100 levels of matching fun featuring 16 beloved characters from across the Ice Age movie franchise. As they match, swipe, expand and swap tiles to bust through the jewel-blasting levels, movie fans will harness the heroic powers of their favorite furry friends, including Scrat’s Super-Smash and Crash & Eddie’s Snowball Assault, to propel them to victory. In addition to featuring exciting Match-3 gameplay, Ice Age: Arctic Blast will premiere never-before-seen movie scenes from the upcoming film, Ice Age: Collision Course in-game, giving players a sneak-peek at the latest Ice Age movie ahead of its theatrical debut.

Earnings Estimates Under Spotlight: Frontier Communications Corp (NASDAQ:FTR)

The shares of Frontier Communications Corp (NASDAQ:FTR)currently has mean rating of 2.0 while 7 analyst have recommended the shares as ‘BUY’ ,6 recommended as ‘OUTPERFORM’ and 3 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Frontier Communications Corp (NASDAQ:FTR)is at $6.06 while the highest price target suggested by the analysts is $8.00 and low price target is $4.00. The mean price target is calculated keeping in view the consensus of 12 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 2.75B by 10 analysts. The means estimate of sales for the year ending Dec 16 is 9.68B by 15 analysts.

The average estimate of EPS for the current fiscal quarter for Frontier Communications Corp (NASDAQ:FTR)stands at $-0.02 while the EPS for the current year is fixed at $-0.09 by 11.00 analysts

The next one year’s EPS estimate is set at -0.09 by 13.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.09. The analysts also projected the company’s long-term growth at 7.30% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Frontier Communications Corp (NASDAQ:FTR)reported earnings of $0.01. The posted earnings topped the analyst’s consensus by $0.11 with the surprise factor of 110.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Frontier Communications Corp (NASDAQ:FTR) traded down -0.590% during trading on Friday, hitting $5.180 . The stock had a trading volume of 7.1 M shares. The firm has a 50 day moving average of $5.143 and a 200-day moving average of $5.012. The stock has a market cap of $5.93B. On Mar 7, 2016 the shares registered one year high at $5.85 and the one year low was seen on Jan 20, 2016.

On June 21, 2016 Frontier Communications Corp (NASDAQ:FTR) has named Matthew “Matt” Stein Vice President, Southeast Region Marketing. He succeeds Rich O’Brien who was recently named Vice President-General Manager, Pennsylvania.

Stein joins Frontier after serving as Vice President, Customer Experiences and Marketing Services with Kobie Marketing in Tampa. Prior to that he was Senior Director, Global Marketing and Creative Services with Catalina Marketing, also in Tampa.

“Matt brings over 15 years of marketing operations leadership experience to Frontier,” said Mike Flynn, President, Southeast Region. “His area will include Tampa, the company’s largest city we serve, as well as the six counties in the greater Tampa Bay area. He will also lead marketing and PR efforts for our North and South Carolina properties. Matt has the right blend of talent and experience across a broad range of marketing skills, ranging from the traditional to digital and social platforms, to make Frontier’s brand and services the top choice of customers in the region.”

Stein graduated from the University of Cincinnati with a bachelor’s degree in electronic media. He recently presented “Making Moments Matter – Moving Beyond Tactics to Win Hearts and Wallets” at Loyalty Expo 2015. He will be located in Frontier’s regional headquarters in Tampa.

Earnings Estimates Under Spotlight: Intel Corporation (NASDAQ:INTC)

The shares of Intel Corporation (NASDAQ:INTC) currently has mean rating of 2.3 while 15 analyst have recommended the shares as ‘BUY’ ,10 recommended as ‘OUTPERFORM’ and 15 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Intel Corporation (NASDAQ:INTC) is at $35.49 while the highest price target suggested by the analysts is $42.00 and low price target is $26.00. The mean price target is calculated keeping in view the consensus of 34 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 13.53B by 32 analysts. The means estimate of sales for the year ending Dec 16 is 57.09B by 36 analysts.

The average estimate of EPS for the current fiscal quarter for Intel Corporation (NASDAQ:INTC) stands at $0.53 while the EPS for the current year is fixed at $2.41 by 28.00 analysts

The next one year’s EPS estimate is set at 2.64 by 35.00 analysts while a year ago the analysts suggested the company’s EPS at $2.41. The analysts also projected the company’s long-term growth at 10.00% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Intel Corporation (NASDAQ:INTC) reported earnings of $0.54. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 12.50%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Intel Corporation (NASDAQ:INTC) traded up +2.17% during trading on Friday, hitting $33.00 . The stock had a trading volume of 22.0 M shares. The firm has a 50 day moving average of $31.07 and a 200-day moving average of $31.47. The stock has a market cap of $155.78B and a price-to-earnings ratio of 14.09. On Dec 29, 2015 the shares registered one year high at $35.59 and the one year low was seen on Aug 24, 2015.

On June 21, 2016 Intel Corporation (NASDAQ:INTC) announced the availability of the new PCIe form factor Accelerator-6D accelerator board which is the industry’s highest single-FPGA memory bandwidth, PCIe add-in card for high-speed data center acceleration applications. The board integrates a Speedster™22i HD1000 FPGA with 700,000 look-up-tables that connects to six independent memory controllers allowing for up to 192 GB of memory and 690 Gbps of total memory bandwidth.

Each DRAM controller on the HD1000 runs at 1,600 MT/s and connects to two SODIMMs allowing for single, dual- and quad-rank SODIMM and SORDIMM DDR3 operation. The board also has four QSFP+ connectors for 10G/40G Ethernet connectivity and supports PCIe Gen3 ×8 operation. The controllers for the DDR3, Ethernet and PCIe interfaces are implemented as embedded hard blocks inside the HD1000 FPGA, which eliminates the requirement to use valuable programmable resources inside the FPGA to implement these functions. In addition, the embedded hard controllers guarantee timing on these complex high-performance interfaces, enabling designers to focus their valuable time on developing data center acceleration applications.

The Accelerator-6D board is the only FPGA-based PCIe board that has 6 independent DRAM memory ports connected to a single FPGA. Each independent port can be configured with up to 32 GB of DDR3 memory. The memory ports combined with the 4 QSFP+ modules that support 4x 40G Ethernet is the perfect platform for data center architects to develop intelligent NIC cards for NFV network acceleration or network security.

“The Accelerator-6D board offers a unique value proposition to the data center, high-performance compute market segment that uses PCIe add-in cards,” said Steve Mensor, Vice President of Marketing, Achronix Semiconductor. “The Accelerator-6D board offers the highest memory bandwidth for an FPGA-based PCIe form factor board, and memory bandwidth is typically the bottleneck of high performance computer systems.”

Today’s Hot Buzz: Apple Inc. (NASDAQ:AAPL)

The shares of Apple Inc. (NASDAQ:AAPL) currently has mean rating of 1.8 while 22 analyst have recommended the shares as ‘BUY’ ,17 recommended as ‘OUTPERFORM’ and 8 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Apple Inc. (NASDAQ:AAPL) is at $124.79 while the highest price target suggested by the analysts is $185.00 and low price target is $102.00. The mean price target is calculated keeping in view the consensus of 37 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 42.39B by 35 analysts. The means estimate of sales for the year ending Sep 16 is 216.31B by 40 analysts.

The average estimate of EPS for the current fiscal quarter for Apple Inc. (NASDAQ:AAPL) stands at $1.39 while the EPS for the current year is fixed at $8.27 by 37.00 analysts

The next one year’s EPS estimate is set at 9.08 by 46.00 analysts while a year ago the analysts suggested the company’s EPS at $8.27. The analysts also projected the company’s long-term growth at 9.23% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Apple Inc. (NASDAQ:AAPL) reported earnings of $1.90. The posted earnings missed the analyst’s consensus by $-0.10 with the surprise factor of -5.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Apple Inc. (NASDAQ:AAPL) traded up +0.19% during trading on Friday, hitting $96.10 . The stock had a trading volume of 15.4 M shares. The firm has a 50 day moving average of $96.18 and a 200-day moving average of $101.21. The stock has a market cap of $524.35B and a price-to-earnings ratio of 10.66. On Jul 20, 2015 the shares registered one year high at $132.97 and the one year low was seen on May 12, 2016.

On June 20, 2016 Apple Inc. (NASDAQ:AAPL) Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers. The company also provides iLife, a consumer-oriented digital lifestyle software application suite; iWork, an integrated productivity suite that helps users create, present, and publish documents, presentations, and spreadsheets; and other application software, such as Final Cut Pro, Logic Pro X, and FileMaker Pro. In addition, it offers Apple TV that connects to consumers’ TV and enables them to access digital content directly for streaming high definition video, playing music and games, and viewing photos; Apple Watch, a personal electronic device; and iPod, a line of portable digital music and media players. Further, the company sells Apple-branded and third-party Mac-compatible, and iOS-compatible accessories, such as headphones, displays, storage devices, Beats products, and other connectivity and computing products and supplies. Additionally, it offers iCloud, a cloud service; AppleCare that offers support options for its customers; and Apple Pay, a mobile payment service. The company sells and delivers digital content and applications through the iTunes Store, App Store, iBooks Store, Mac App Store, and Apple Music. It also sells its products through its retail and online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. Apple Inc. was founded in 1977 and is headquartered in Cupertino, California.

Today’s Stock in Focus: Bed Bath & Beyond Inc. (NASDAQ:BBBY)

The shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) currently has mean rating of 3.1 while 0 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 19 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) is at $47.74 while the highest price target suggested by the analysts is $75.00 and low price target is $35.00. The mean price target is calculated keeping in view the consensus of 19 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Aug 16 is 3.06B by 20 analysts. The means estimate of sales for the year ending Feb 17 is 12.36B by 24 analysts.

The average estimate of EPS for the current fiscal quarter for Bed Bath & Beyond Inc. (NASDAQ:BBBY) stands at $1.21 while the EPS for the current year is fixed at $4.99 by 24.00 analysts

The next one year’s EPS estimate is set at 5.21 by 28.00 analysts while a year ago the analysts suggested the company’s EPS at $4.99. The analysts also projected the company’s long-term growth at 3.03% for the upcoming five years

In its latest quarter ended on 31 May 2016 , Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported earnings of $0.80. The posted earnings missed the analyst’s consensus by $-0.06 with the surprise factor of -7.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded up +1.51% during trading on Friday, hitting $44.60 . The stock had a trading volume of 14.1 M shares. The firm has a 50 day moving average of $43.83 and a 200-day moving average of $46.87. The stock has a market cap of $6.73B and a price-to-earnings ratio of 8.59. On Jun 26, 2015 the shares registered one year high at $71.20 and the one year low was seen on Jun 23, 2016.

On June 22, 2016 Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported financial results for the first quarter of fiscal 2016 ended May 28, 2016.

First Quarter Results

For the first quarter of fiscal 2016, the Company reported net earnings of $.80 per diluted share ($122.6 million) compared with $.93 per diluted share ($158.5 million) for the first quarter of fiscal 2015.  Net sales for the first quarters of fiscal 2016 and 2015 were approximately $2.738 billion.  Comparable sales in the first quarter of fiscal 2016 decreased by approximately 0.5%, compared with an increase of approximately 2.2% in the prior year period.  Comparable sales from customer-facing digital channels grew in excess of 20% while comparable sales from stores declined in the low single-digit percentage range during the first quarter of fiscal 2016.

Capital Allocation

The Company’s Board of Directors has declared a quarterly dividend of $.125 per share, to be paid on October 18, 2016 to shareholders of record as of September 16, 2016.

During the first quarter of fiscal 2016, the Company repurchased approximately $178 million of its common stock, representing approximately 3.8 million shares, under its existing $2.5 billion share repurchase program.  As of May 28, 2016, the program had a remaining balance of approximately $2.1 billion, and is expected to be completed in the latter half of fiscal 2019 or in fiscal 2020.

Fiscal 2016 Outlook

Bed Bath & Beyond Inc.’s conference call with analysts and investors will be held at 5:00 pm (ET). During this call, the Company plans to review its financial planning assumptions for fiscal 2016.

Based on these planning assumptions, which reflect actual first quarter results, current business trends and include the slight dilution anticipated from the purchase during the Company’s second quarter of One Kings Lane, Inc., Bed Bath & Beyond expects its fiscal 2016 net earnings per diluted share to be comfortably within the $4.50 to just over $5.00 range that it has earned over the past several years, during a heavy investment phase. This is the range of net earnings per diluted share that the Company previously described in its April 6, 2016, fiscal fourth quarter earnings press release.

The Company’s fiscal 2016 first quarter conference call may be accessed by dialing 1-888-771-4371, or if international, 847-585-4405, using conference ID number 42747608. The replay of the call can be accessed by dialing 1-888-843-7419, using conference ID number 42747608.  The call and replay can also be accessed via audio webcast on the investor relations section of our website at www.bedbathandbeyond.com.

What Analyst’s have to say about Microsoft Corporation (NASDAQ:MSFT)

The shares of Microsoft Corporation (NASDAQ:MSFT) currently has mean rating of 2.3 while 15 analyst have recommended the shares as ‘BUY’ ,8 recommended as ‘OUTPERFORM’ and 11 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Microsoft Corporation (NASDAQ:MSFT) is at $57.76 while the highest price target suggested by the analysts is $70.00 and low price target is $36.00. The mean price target is calculated keeping in view the consensus of 35 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 22.17B by 24 analysts. The means estimate of sales for the year ending Jun 16 is 91.55B by 27 analysts.

The average estimate of EPS for the current fiscal quarter for Microsoft Corporation (NASDAQ:MSFT) stands at $0.58 while the EPS for the current year is fixed at $2.67 by 29.00 analysts

The next one year’s EPS estimate is set at 2.90 by 28.00 analysts while a year ago the analysts suggested the company’s EPS at $2.67. The analysts also projected the company’s long-term growth at 8.15% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Microsoft Corporation (NASDAQ:MSFT) reported earnings of $0.62. The posted earnings missed the analyst’s consensus by $-0.02 with the surprise factor of -3.10%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Microsoft Corporation (NASDAQ:MSFT) traded up +1.489% during trading on Friday, hitting $52.060 . The stock had a trading volume of 18.3 M shares. The firm has a 50 day moving average of $51.111 and a 200-day moving average of $52.703. The stock has a market cap of $406.77B and a price-to-earnings ratio of 39.899. On Dec 29, 2015 the shares registered one year high at $56.85 and the one year low was seen on Aug 24, 2015.

On June 20, 2016 Microsoft Corporation (NASDAQ:MSFT) announced its new SEMS (SPYRUS Enterprise Management System) as a Service (SEMSaaS) managed cloud services to manage Windows To Go live drives and Encrypting Storage Drives used by enterprises to reduce costs and increase data at rest security. SPYRUS SEMSaaS operates on the Microsoft (NASDAQ: MSFT) Azure Cloud Platform to provide enterprises with centrally controlled mobile device management combined with the economic and performance advantages of cloud-based computing services. SEMSaaS managed devices include certified Windows To Go live drives including WorkSafe™, WorkSafe Pro™, Secure Portable Workplace™, and Portable Workplace™, PocketVault P-3X and the groundbreaking encrypting Rosetta TrustedFlash™ microSDHC cards will be managed in 3rd Quarter 2016.

“All the unmatched enterprise-level management features of SEMS on premise device management system are now available on Microsoft Cloud,” reported Tom Dickens, SPYRUS COO. “Our customers requested SPYRUS assist them to decrease the demands on their IT departments by providing turnkey services from replication of enterprise Windows images to managing the MDM system for Windows To Go deployments. SPYRUS has responded with our SEMSaaS cloud services and, in advancing our industry leadership position, we have added proprietary ‘Defense-in-Depth’ layers of security to protect the enterprise data and network.” He added, “Azure enables SPYRUS to use the inherent capability of the Microsoft Cloud to work with the customer and size and configure SaaS computing resources best tailored to their needs. Whether managing hundreds or thousands of SPYRUS encrypting and bootable live drives, customers who take advantage of SPYRUS SaaS cloud services will be able to quickly deploy and manage devices anywhere in the world through SEMS management and reliable cloud-based network connectivity.”

Ratings Round Up: Symantec Corporation (NASDAQ:SYMC)

The shares of Symantec Corporation (NASDAQ:SYMC) currently has mean rating of 2.8 while 4 analyst have recommended the shares as ‘BUY’ ,0 recommended as ‘OUTPERFORM’ and 17 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Symantec Corporation (NASDAQ:SYMC) is at $20.03 while the highest price target suggested by the analysts is $24.00 and low price target is $14.00. The mean price target is calculated keeping in view the consensus of 17 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 878.69M by 22 analysts. The means estimate of sales for the year ending Mar 17 is 3.53B by 23 analysts.

The average estimate of EPS for the current fiscal quarter for Symantec Corporation (NASDAQ:SYMC) stands at $0.25 while the EPS for the current year is fixed at $1.09 by 24.00 analysts

The next one year’s EPS estimate is set at 1.40 by 25.00 analysts while a year ago the analysts suggested the company’s EPS at $1.09. The analysts also projected the company’s long-term growth at 10.34% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Symantec Corporation (NASDAQ:SYMC) reported earnings of $0.22. The posted earnings missed the analyst’s consensus by $-0.01 with the surprise factor of -4.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Symantec Corporation (NASDAQ:SYMC) traded up +2.21% during trading on Friday, hitting $21.28 . The stock had a trading volume of 10.5 M shares. The firm has a 50 day moving average of $17.78 and a 200-day moving average of $18.79. The stock has a market cap of $13.01B and a price-to-earnings ratio of 5.73. On Jun 26, 2015 the shares registered one year high at $24.25 and the one year low was seen on Mar 4, 2016.

On June 12, 2016 Symantec Corporation (NASDAQ:SYMC) announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, Chief Executive Officer of Blue Coat, will be appointed Chief Executive Officer of Symantec and join the Symantec Board upon closing of the transaction.

Blue Coat is the #1 market share leader and share gainer in Web Security with a widely recognized portfolio of integrated technologies serving as a trusted platform to deliver Cloud Generation Security to more than 15,000 customers worldwide. For Blue Coat’s fiscal year ending April 30, 2016, GAAP revenue was $598 million and non-GAAP revenue was $755 million, with 17% year-over-year growth, supported by new products and new customers. For the same time period, the company had non-GAAP operating margins of 22% and cash flow from operations of $135 million. Also for this time period, GAAP operating margins were -42%.

Analysts Ratings on BlackBerry Ltd (NASDAQ:BBRY)

The shares of BlackBerry Ltd (NASDAQ:BBRY) currently has mean rating of 3.1 while 2 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 16 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of BlackBerry Ltd (NASDAQ:BBRY) is at $7.75 while the highest price target suggested by the analysts is $11.00 and low price target is $6.00. The mean price target is calculated keeping in view the consensus of 21 brokerage firms.

The company’s mean estimate for sales for the current quarter ending May 16 is 470.94M by 19 analysts. The means estimate of sales for the year ending Feb 17 is 1.80B by 27 analysts.

The average estimate of EPS for the current fiscal quarter for BlackBerry Ltd (NASDAQ:BBRY) stands at $-0.08 while the EPS for the current year is fixed at $-0.33 by 22.00 analysts

The next one year’s EPS estimate is set at -0.32 by 23.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.33. The analysts also projected the company’s long-term growth at -5.20% for the upcoming five years

In its latest quarter ended on 29 Feb 2016 , BlackBerry Ltd (NASDAQ:BBRY) reported earnings of $-0.03. The posted earnings topped the analyst’s consensus by $0.07 with the surprise factor of 70.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

BlackBerry Ltd (NASDAQ:BBRY) traded up +3.86% during trading on Friday, hitting $7.05 . The stock had a trading volume of 10.0 M shares. The firm has a 50 day moving average of $6.95 and a 200-day moving average of $7.42. The stock has a market cap of $3.65B. On Dec 28, 2015 the shares registered one year high at $9.46 and the one year low was seen on Sep 29, 2015.

On June 23, 2016 BlackBerry Ltd (NASDAQ:BBRY) reported financial results for the three months ended May 31, 2016 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q1 Highlights

  • Company begins reporting multiple business segments: Software and Services, Service Access Fees (SAF) and Mobility Solutions. Mobility Solutions includes BlackBerry smartphones and device software licensing
  • Non-GAAP total revenue of $424 million
  • Non-GAAP software and services revenue of $166 million
  • Non-GAAP gross margin of 53%
  • Tenth consecutive quarter of positive adjusted EBITDA
  • Cash and investments balance of $2.5 billion at the end of the first fiscal quarter
  • Unveiled BlackBerry Radar, a new end-to-end asset tracking system based on the company’s IoT platform, for trucking companies and private fleet operators
  • BlackBerry named a “Leader” in the Forrester Wave for enterprise file sync and share for hybrid solutions
  • After the quarter, BlackBerry named a “Leader” in the Gartner Magic Quadrant for Enterprise Mobility Management Suites
  • New Enterprise Partner Program launched globally to stimulate growth and drive profit for partners
  • Pentagon Force Protection Agency chooses AtHoc to protect Department of Defense leadership, staff, and visitors in times of crisis

Q1 Results

Non-GAAP revenue for the first quarter of fiscal 2017 was $424 million with GAAP revenue of $400 million. The non-GAAP revenue breakdown for the quarter was approximately 39% for software and services, 25% for service access fees (SAF), and 36% for mobility solutions.

BlackBerry had approximately 3,300 enterprise customer wins in the quarter. Approximately 74% of the first quarter software revenue was recurring.

Non-GAAP operating income was $14 million, and non-GAAP net income was $0.00 per share for the first quarter. GAAP net loss for the quarter was $670 million, or $(1.28) per basic share. Basic GAAP net loss reflects a non-cash, long lived asset impairment charge of $501 million, a $57 million goodwill impairment charge, inventory write-down of $41 million, $28 million in amortization of acquired intangibles, stock compensation expense of $12 million, purchase accounting deferred revenue write-down of $24 million, $23 million in restructuring charges, $7 million related to acquisition costs, and a non-cash credit of $24 million for our convertible debt. The impact of these adjustments on GAAP net income and earnings per share is summarized in a table below.

Total cash, cash equivalents, short-term and long-term investments was $2.5 billion as of May 31, 2016. This reflects a use of free cash of $65 million, which includes negative $61 million of cash flow from operations. Cash flow from operations before working capital adjustments was negatively impacted by the inventory impairment and excluding the charges, would have been positive. Excluding $1.25 billion in the face value of our debt, the net cash balance at the end of the quarter was $1.3 billion. Purchase orders with contract manufacturers totaled approximately $150 million at the end of the first quarter, compared to $162 million at the end of the fourth quarter and down from $238 million in the year ago quarter.

“BlackBerry is differentiated by cross-platform market leadership in software, an end-to-end secure mobility platform and a strong financial foundation. Our Q1 results highlight these attributes. Excluding IP licensing, we have more than doubled our software revenue on a year-over-year basis for the second consecutive quarter, driven by our EMM, secure messaging and QNX embedded software businesses. In our Mobility Solutions business, our objective is to achieve operating profitability in the short term,” said John Chen, Executive Chairman and CEO, BlackBerry.

“Our current plan calls for continued investments to expand our addressable markets and drive sustainable profitability and revenue growth. For the full fiscal year, we are on track to deliver 30 percent revenue growth in software and services. Based on a more efficient operating model, we expect a non-GAAP EPS loss of around 15 cents, compared to the current consensus of a 33 cent loss. We also expect to generate positive free cash flow for the full year.”

Worth Watching Stock: Office Depot Inc (NASDAQ:ODP)

The shares of Office Depot Inc (NASDAQ:ODP)currently has mean rating of 2.9 while 1 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 12 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Office Depot Inc (NASDAQ:ODP)is at $5.42 while the highest price target suggested by the analysts is $8.00 and low price target is $4.00. The mean price target is calculated keeping in view the consensus of 8 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 3.19B by 10 analysts. The means estimate of sales for the year ending Dec 16 is 13.63B by 11 analysts.

The average estimate of EPS for the current fiscal quarter for Office Depot Inc (NASDAQ:ODP)stands at $0.06 while the EPS for the current year is fixed at $0.43 by 13.00 analysts

The next one year’s EPS estimate is set at 0.47 by 15.00 analysts while a year ago the analysts suggested the company’s EPS at $0.43. The analysts also projected the company’s long-term growth at 17.80% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Office Depot Inc (NASDAQ:ODP)reported earnings of $0.10. The posted earnings missed the analyst’s consensus by $-0.02 with the surprise factor of -16.70%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Office Depot Inc (NASDAQ:ODP) traded down -0.57% during trading on Friday, hitting $3.53 . The stock had a trading volume of 8.0 M shares. The firm has a 50 day moving average of $3.79 and a 200-day moving average of $5.26. The stock has a market cap of $1.90B and a price-to-earnings ratio of 346.00. On Jul 7, 2015 the shares registered one year high at $8.98 and the one year low was seen on May 17, 2016.

On June 16, 2016 Office Depot Inc (NASDAQ:ODP) announces it has commenced an investigation of Office Depot, Inc. (ODP) concerning possible breaches of fiduciary duty by the board of directors of the company. To obtain additional information, go to: http://zlk.9nl.com/office-depot or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Ratings Round Up: Yahoo! Inc. (NASDAQ:YHOO)

The shares of Yahoo! Inc. (NASDAQ:YHOO) currently has mean rating of 2.3 while 16 analyst have recommended the shares as ‘BUY’ ,6 recommended as ‘OUTPERFORM’ and 17 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Yahoo! Inc. (NASDAQ:YHOO) is at $40.94 while the highest price target suggested by the analysts is $49.00 and low price target is $30.00. The mean price target is calculated keeping in view the consensus of 33 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.08B by 23 analysts. The means estimate of sales for the year ending Dec 16 is 4.51B by 26 analysts.

The average estimate of EPS for the current fiscal quarter for Yahoo! Inc. (NASDAQ:YHOO) stands at $0.10 while the EPS for the current year is fixed at $0.50 by 33.00 analysts

The next one year’s EPS estimate is set at 0.58 by 35.00 analysts while a year ago the analysts suggested the company’s EPS at $0.50. The analysts also projected the company’s long-term growth at -0.23% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Yahoo! Inc. (NASDAQ:YHOO) reported earnings of $0.08. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 14.30%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Yahoo! Inc. (NASDAQ:YHOO) traded up +1.12% during trading on Friday, hitting $37.78 . The stock had a trading volume of 7.7 M shares. The firm has a 50 day moving average of $37.09 and a 200-day moving average of $34.04. The stock has a market cap of $35.86B. On Jun 26, 2015 the shares registered one year high at $40.87 and the one year low was seen on Feb 11, 2016.

On June 20, 2016 Yahoo! Inc. (NASDAQ:YHOO) announced the launch of Yahoo Storytellers, a full service content marketing studio for brands and agencies that leverages Yahoo’s editorial expertise, extensive data, and native advertising through Yahoo Gemini. Now marketers can leverage Yahoo Storytellers to successfully develop, distribute and measure premium branded content that meets consumers’ high expectations and drives engagement.

“Content marketing continues to be an area of growth for brands and agencies, but they need a better way to create compelling content that’s informed by data and reaches the right audience. That’s where Yahoo Storytellers comes in,” said Lisa Utzschneider, Chief Revenue Officer, Yahoo. “At Yahoo we’re focused on bringing our users the best content available online across our news, sports, finance and lifestyle verticals, and now we’re helping our advertisers develop branded content that is even more effective and data-driven.”

Yahoo Storytellers offers advertisers a full suite of capabilities to build successful content marketing strategies, including: content consulting services and curriculum-based workshops, development of premium video and a full range of editorial content, influencer activations across social platforms, and partnership extensions.

Yahoo Storytellers is based on the powerful combination of content, data and technology. With more than 165 billion daily data signals, Yahoo helps brands identify consumer insights and inform what type of content opportunities they should pursue to reach their target audience. Yahoo’s custom content studio produces premium content for brands, by tapping into leading journalists and Hollywood-pedigree creators. Yahoo is partnering with top creators including Believe Entertainment Group, Endemol Shine Beyond, Trium-INE Entertainment and many others. With Yahoo’s full suite of ad formats and technology platforms, especially native advertising through Yahoo Gemini and content platforms like Tumblr, brands can deliver engaging content at scale to the right audience and in the most relevant environment.

“As one of the original digital storytellers, Yahoo’s history in identifying opportunities and creating dynamic stories for brands and audiences alike is extraordinary,” said Bonnie Pan, President, Endemol Shine Beyond, USA. “We are thrilled to leverage our expertise as a global production company in partnership with Yahoo to bring relevant stories to the right audiences across Yahoo’s platform.”