Current Happenings in Technology Sector: Special Research on Cheetah Mobile, China Digital TV, Cvent, Ellie Mae, and Fleetmatics

NEW YORK, March 23, 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 Cheetah Mobile (NYSE: CMCM), China Digital TV (NYSE: STV), Cvent (NYSE: CVT), Ellie Mae (NYSE: ELLI), and Fleetmatics (NYSE: FLTX). 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):

CMCM Research Report: ( http://get.analystsreview.com/pdf/?c=Cheetah%20Mobile&d=23-Mar-2015&s=CMCM ),

STV Research Report: ( http://get.analystsreview.com/pdf/?c=China%20Digital%20TV&d=23-Mar-2015&s=STV ),

CVT Research Report: ( http://get.analystsreview.com/pdf/?c=Cvent&d=23-Mar-2015&s=CVT ),

ELLI Research Report: ( http://get.analystsreview.com/pdf/?c=Ellie%20Mae&d=23-Mar-2015&s=ELLI ),

FLTX Research Report: ( http://get.analystsreview.com/pdf/?c=Fleetmatics&d=23-Mar-2015&s=FLTX ).

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Analyst Update: Quarterly Results, Acquisitions, and Recognitions

Reviewed by: Rohit Tuli, CFA®  

U.S. stocks closed higher on Friday partly due to weakness in the value of the U.S. dollar, with the greenback sliding to $1.081 versus the euro, compared to Thursday's $1.066. The Dow Jones jumped 168.62 points or 0.9% to 18,127.65 and the S&P 500 advanced 18.79 points or 0.9% to 2,108.06. The Nasdaq climbed 34.04 points or 0.7% to 5,026.42, its best closing level since early 2000. The European markets ended Friday's session firmly in positive territory. Investor optimism for an agreement on Greece was the driving force behind the gains. The U.K.'s FTSE 100 was up 0.86% to 7,022.51, Germany's DAX 30 gained 1.18% to 12,039.37, and France's CAC 40 was up 1.00% to 5,087.49. Stock markets across the Asia-Pacific region however turned in a mixed performance. Japan's Nikkei 225 Index rose by 0.4%, while Hong Kong's Hang Seng Index fell by 0.4%.

Cheetah Mobile Inc. (Cheetah Mobile) has reached a definitive agreement to acquire the entire equity interest in MobPartner, a global mobile advertising company, for a total consideration of approximately $58 million, payable in cash and stock, subject to closing and other adjustments.

China Digital TV Holding Co., Ltd.'s (China Digital TV) net revenues for Q4 2014 increased 12.8% YoY to $29.2 million. Net income attributable to holders of ordinary shares was up 8.9% YoY in the quarter to $10.9 million and diluted earnings per ADS stood at $0.18, versus $0.17 in the same period in 2013.

Cvent, Inc. (Cvent) announced its Q4 2014 financial results. Total revenue for the quarter was up 28% YoY to $39.3 million. Adjusted EBITDA for the quarter increased to $3.3 million, from $2.1 million in Q4 2013.

Ellie Mae, Inc. (Ellie Mae) was named for the second consecutive year in HousingWire's HW TECH100™ for 2015. The HW TECH100 recognizes the housing economy's 100 most innovative technology companies along six unique dimensions of innovation.

Fleetmatics Group PLC (Fleetmatics) acquired Ornicar SAS ("Ornicar"), a SaaS provider of fleet management solutions in France. Based in Grenoble, Ornicar will add approximately 15,000 vehicles under subscription to Fleetmatics' existing installed base.

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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.

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