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Financial Results, Market Activity Updates, Upcoming Events, and New Storage Solutions - Research Reports on Splunk, Avago, First Solar, NetApp and Seagate

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts Review

Sep 02, 2014, 09:22 ET

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NEW YORK, September 2, 2014 /PRNewswire/ --

Today, Analysts Review released its research reports regarding Splunk, Inc. (NASDAQ: SPLK), Avago Technologies Limited (NASDAQ: AVGO), First Solar, Inc. (NASDAQ: FSLR), NetApp, Inc. (NASDAQ: NTAP) and Seagate Technology PLC (NASDAQ: STX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6151-100free.

--
Splunk, Inc. Research Reports
On August 28, 2014, Splunk, Inc. (Splunk) announced its Q2 FY 2015 financial results (period ended July 31, 2014). Splunk's revenue in the quarter rose 51.9% YoY to $101.5 million. The Company added over 500 new customers during the quarter, taking the total number of customers to over 7,900 worldwide. Splunk's GAAP net loss in Q2 FY 2015 widened to $60.8 million, or $0.51 per diluted share, from $13.7 million or $0.13 per diluted share in Q2 FY 2014. On non-GAAP basis, the Company net income was $0.01 per diluted share versus a net loss of $0.01 per diluted share in the year ago period. On an average, analysts polled by Reuters expected Splunk to report a loss of $0.02 per share (excluding special items). Additionally, Splunk has raised its FY 2015 revenue guidance range to $423 million-$428 million from previously forecasted range of $402 million-$410 million. The Q3 FY 2015 revenues are estimated in the range of $105 million-$107 million. The full research reports on Splunk are available to download free of charge at:

http://www.analystsreview.com/Sep-02-2014/SPLK/report.pdf

--
Avago Technologies Limited Research Reports
On August 28, 2014, Avago Technologies Limited (Avago) announced its Q3 FY 2014 financial results (period ended August 3, 2014). The Company's net revenue during the quarter almost doubled to $1.27 billion from $644 million in the corresponding quarter of the previous fiscal. The Company reported a net loss of $164 million or $0.65 per diluted share in Q3 FY 2014, compared with a net income of $142 million or $0.56 per diluted share in Q3 FY 2013. Avago's Q3 FY 2014 total operating expenses more than tripled to $555 million from $164 million in the year ago period. On non-GAAP basis, Avago reported diluted EPS of $1.26, up from $0.74 in Q3 FY 2013. Looking ahead, the Company expects Q4 FY 2014 revenues to grow by 18-22% QoQ. The full research reports on Avago are available to download free of charge at:

http://www.analystsreview.com/Sep-02-2014/AVGO/report.pdf

--
First Solar, Inc. Research Reports
On August 28, 2014, the stock of First Solar, Inc. (First Solar) declined 1.21% to end the trading session at $69.15. Shares in First Solar opened the session at $69.32, and fluctuated in the range of $68.27 - $69.80, with a total of 1.86 million shares changing hands. Over the last one month, the stock has increased by 5.75%, outperforming the Dow Jones Industrial Average which rose 0.99% during the same period. The full research reports on First Solar are available to download free of charge at:

http://www.analystsreview.com/Sep-02-2014/FSLR/report.pdf

--
NetApp, Inc. Research Reports
On August 28, 2014, NetApp, Inc. (NetApp) announced that Tom Georgens, Chairman and CEO, will participate in a fireside chat at the Citi Tech Conference on September 2, 2014 at 11:00 a.m. ET. Furthermore, Nick Noviello, the Company's Executive Vice President, Finance and Operations and CFO, will participate in a fireside chat at the Deutsche Bank Tech Conference on September 9, 2014 at 2:40 p.m. PT. According to the Company, webcasts of the fireside chats will be available at NetApp's website. The full research reports on NetApp are available to download free of charge at:

http://www.analystsreview.com/Sep-02-2014/NTAP/report.pdf

--
Seagate Technology PLC Research Reports
On August 26, 2014, Seagate Technology PLC (Seagate) announced that it is shipping the world's first 8TB hard disk drive, designed to meet the demand for high capacity storage in a world bursting with digital creation, consumption and long-term storage. According to Seagate, its 8TB hard disk drive provides scale-out data infrastructures with supersized-capacity, energy-efficiency and the lowest total cost of ownership (TCO) in the industry for cloud content, object storage and back-up disaster recovery storage. Seagate further added that the 8TB drive delivers bulk data storage solutions for online content storage providing customers with the highest capacity density needed to address an ever increasing amount of unstructured data in an industry-standard 3.5-inch HDD. The Company said that it has started shipping the drive to select customers with wide scale availability next quarter. The full research reports on Seagate are available to download free of charge at:

http://www.analystsreview.com/Sep-02-2014/STX/report.pdf

--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.

COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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