NEW YORK, May 11, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Zendesk, Inc. (NYSE: ZEN), Wix.com Ltd. (NASDAQ: WIX), Cray Inc. (NASDAQ: CRAY), Paycom Software, Inc. (NYSE: PAYC), and Inphi Corporation (NYSE: IPHI). 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.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
ZEN Research Report: ( http://get.analystsreview.com/pdf/?c=Zendesk&d=11-May-2015&s=ZEN ),
WIX Research Report: ( http://get.analystsreview.com/pdf/?c=Wix.com%20Ltd.&d=11-May-2015&s=WIX ),
CRAY Research Report: ( http://get.analystsreview.com/pdf/?c=Cray%20Inc.&d=11-May-2015&s=CRAY ),
PAYC Research Report: ( http://get.analystsreview.com/pdf/?c=Paycom%20Software&d=11-May-2015&s=PAYC ),
IPHI Research Report: ( http://get.analystsreview.com/pdf/?c=Inphi%20Corporation&d=11-May-2015&s=IPHI ).
Analyst Update: Financial Results
U.S. stocks advanced sharply on Friday, after stronger employment data for April suggested the US economy is gaining traction again. The Dow Jones Industrial Average rose 1.49%, to close at 18,191.11, the S&P 500 gained 1.35%, to 2,116.10, and the NASDAQ Composite finished the session at 5,003.55, up 1.17%. European stocks rallied on Friday, lifted by the UK election results, which showed the Conservative Party unexpectedly sweeping into power again. Germany's DAX 30 rose 2.65%, France's CAC 40 advanced 2.48%, and the London's FTSE 100 closed 2.32% higher on Friday. Meanwhile, Asian markets surged on Friday after losing ground in the last few days. The Shanghai Composite, Japan's Nikkei, and Hong Kong's Hang Seng all posted gains on Friday.
Zendesk announced financial results for the first quarter 2015 on May 5, 2015. Revenue for the first quarter 2015 was $42.2 million, up 68% YoY. The Company reported a net loss of $19.2 million, or earnings per share of $0.25 in Q1 2015. Meanwhile, on a Non-GAAP basis, net loss was $7.8 million, or earnings per share $0.10 in Q1 2015.
On May 6, 2015, Wix.com announced financial results for the first quarter 2015. Revenues were $44.5 million for the first quarter 2015, an increase of 54% YoY, in line with the Company's updated outlook provided in March. Total collections increased by 49% YoY to $55.9 million in Q1 2015. Gross profit for the quarter was $36.73 million, an improvement over $23.6 million from a year ago.
Cray Inc., on May 5, 2015 reported first quarter 2015 financial results (period ended March 31, 2015). Revenue for the first quarter was $79.6 million, which is better than $55.1 million reported in Q1 2014. The Company reported a net loss of $9.4 million, or $0.24 per diluted share for Q1 2015, compared to a net loss of $12.9 million, or $0.34 per diluted share in the same period a year ago.
Paycom Software (Paycom) announced financial results for the first quarter of 2015 (period ended March 31, 2015) on May 6, 2015. Total revenue for the first quarter 2015 was $55.2 million, an increase of 49.3% from a year ago, primarily led by addition of clients in mature sales offices and an increase in the number of tax form filings on behalf of clients.
Inphi Corporation, on April 28, 2015 announced financial results for the first quarter 2015. Revenue in the first quarter of 2015 was $59.2 million, up 90% YoY from $31.2 million in the first quarter of 2014. The Company reported a net loss of $9.7 million, or $0.26 loss per diluted common share in Q1 2015, compared with a net loss of $1.0 million, or $0.03 loss per diluted common share, in Q1 2014.
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