Technology Sector Announces Earnings Results and Launches New Products - Research Report on Netgear, Aruba Networks, Harmonic, InterDigital, and Zhone Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, July 31, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Netgear Inc. (NASDAQ: NTGR), Aruba Networks, Inc. (NASDAQ: ARUN), Harmonic Inc. (NASDAQ: HLIT), InterDigital, Inc. (NASDAQ: IDCC), and Zhone Technologies Inc. (NASDAQ: ZHNE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Netgear Inc. Research Report
On July 22, 2013, Netgear Inc. (Netgear) announced two new powerful additions to the award-winning ReadyNAS product family, ReadyNAS 3220 and ReadyNAS 4220. According to the Company, the new devices are the latest network-attached-storage (NAS) products to run on the revolutionary ReadyNAS OS that was introduced in March 2013. Netgear stated that the devices deliver high value, high performance storage with enterprise features to small and medium-sized (SMB). Further, the Company informed that the new ReadyNAS 3220 and 4220 enable easy storage for businesses supporting up to 500 concurrent users and will be available for the first time in 2U rack mount form with 12-bay capacity. The Full Research Report on Netgear Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/NTGR]
Aruba Networks, Inc. Research Report
On July 24, 2013, Aruba Networks, Inc. (Aruba Networks) announced that its Aruba A220 Series Access Points, the first purpose-built enterprise access points for the 802.11ac standard, has achieved certification through the Wi-Fi Alliance Wi-Fi CERTIFIED ac program. The Company stated that the Wi-Fi CERTIFIED ac program aims to ensure interoperability of 802.11ac-certified devices across vendors. The Company noted that the Aruba AP-225 Access Points with patented ClientMatchTM technology and the Aruba 7200 Series Mobility Controllers have successfully passed all the required tests for Wi-Fi Alliance's certification program and therefore, are interoperable with other certified products including the latest generation of smartphones, laptops and mobile devices. According to the Company, this interoperability is a key factor in allowing enterprises to move forward with large-scale 802.11ac deployments. The Full Research Report on Aruba Networks, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/ARUN]
Harmonic Inc. Research Report
On July 23, 2013, Harmonic Inc. (Harmonic) reported its financial results for Q2 2013. Revenue decreased 4.1% YoY to $117.1 million. Non-GAAP net income was $5.6 million or $0.05 per diluted share, compared to $6.5 million or $0.06 per diluted share in Q2 2012. Commenting on the results, President and CEO of Harmonic, Patrick Harshman, said, "Harmonic's results in the second quarter reflected a return to the quarterly trajectory we expected coming into the year. Penetration into the broadcast and media market with our video processing technology drove the return to revenue growth and helped drive margins above our target for the quarter. We are also encouraged by customer feedback for our technology growth drivers: converged cable access platform, or CCAP, next-gen video compression and playout, Ultra HD, over-the-top and multiscreen. Specific to CCAP, we received our first order and made our first shipment of the NSG Pro during the quarter. Overall, our improved financial performance and expanded share repurchase commitment demonstrate our continuing focus on creating shareholder value." For Q3 2013, the Company expects net revenue in the range of $115 million to $125 million. The Full Research Report on Harmonic Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/HLIT]
InterDigital, Inc. Research Report
On July 25, 2013, InterDigital, Inc. (InterDigital) reported its financial results for Q2 2013. Revenue decreased 5.8% YoY to $67.7 million. Net income attributable to the Company was $9.2 million, representing a decline of 4.5% YoY. Earnings of $0.22 per diluted share remained flat as compared to Q2 2012. Commenting on the results, President and CEO of InterDigital, William J. Merritt, said, "The second quarter of 2013 was marked by strong free cash flow, the continued positive impact of our licensing program, including an arbitration award, and the benefits of careful management of our business as we work to bring the industry's largest players under license. The strength of that core business, which we are working to broaden via new licensing avenues, continues to position InterDigital very strongly going forward." The Full Research Report on InterDigital, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/IDCC]
Zhone Technologies Inc. Research Report
On July 17, 2013, Zhone Technologies Inc. (Zhone) reported its financial results for Q2 2013. Revenue increased 5.6% YoY to $30 million. Net income was $1.1 million or $0.03 per diluted share, compared to net income of $2.1 million or $0.07 per diluted share in Q2 2012. Commenting on the results, Zhone's CEO, Mory Ejabat, said, "We're pleased to announce that we achieved or exceeded our revenue, gross margin and expense targets for the quarter thereby generating positive free cash flow from operations. For the third quarter in a row, we have generated positive net income and cash flow from operations, further strengthening our financial position. We continue to focus on profitability as our number one financial objective and expect to improve that profitability in the second half of 2013." The Full Research Report on Zhone Technologies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/ZHNE]
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