NEW YORK, April 28, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Ericsson (NASDAQ: ERIC), Texas Instruments Inc. (NASDAQ: TXN), ARRIS Group, Inc. (NASDAQ: ARRS), Ultratech, Inc. (NASDAQ: UTEK) and Mobileiron Inc (NASDAQ: MOBL). 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.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
ERIC Research Report: ( http://get.analystsreview.com/pdf/?c=Ericsson&d=28-Apr-2015&s=ERIC ),
TXN Research Report: ( http://get.analystsreview.com/pdf/?c=Texas%20Instruments&d=28-Apr-2014&s=TXN ),
ARRS Research Report: ( http://get.analystsreview.com/pdf/?c=ARRIS%20Group&d=28-Apr-2015&s=ARRS ),
UTEK Research Report: ( http://get.analystsreview.com/pdf/?c=Ultratech&d=28-Apr-2015&s=UTEK ),
MOBL Research Report: ( http://get.analystsreview.com/pdf/?c=Mobileiron&d=28-Apr-2015&s=MOBL ).
Analyst Update: Agreement and Financial Results
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed lower on Monday as investors turned cautious ahead of the Fed meeting, which begins today. The NASDAQ Composite was down 0.63% to finish at 5,060.25, the S&P 500 slipped 0.41% to 2108.92, and the Dow Jones Industrial Average lost 0.23% to end the session at 18,037.97. European stocks gained on Monday as Greece considered reshuffling its debt negotiators. Germany's DAX 30 jumped 1.93%; France's CAC 40 rose 1.30%, and London's FTSE 100 advanced 0.47% on Monday. Meanwhile, Asian stock markets mostly gained on Monday, amid surge in mining stocks in Australia and emanating news on possible reforms in China. The Shanghai Composite Index, Australia's S&P ASX and Hong Kong's Hang Seng index all closed higher on Monday.
Ericsson's sales during first quarter 2015 increased by 13% to SEK 53.5 billion, as significant currency movements due to a continued strengthening of the USD towards the SEK impacted sales positively. Gross margin during the quarter decreased to 35.4% from 36.5% in Q1 2014 primarily due to lower capacity business in North America and continued fast pace of 4G coverage business in Mainland China.
Texas Instruments Inc reported first-quarter 2015 revenue of $3.15 billion, net income of $656 million and earnings per share of 61 cents. This compares to revenue of $2.98 billion, net income of $487 million and earnings per share of 44 cents reported in the first-quarter 2014.
ARRIS Group, Inc announced its agreement with Pace plc, pursuant to which ARRIS will acquire Pace for aggregate stock and cash consideration of $2.1 billion. According to the Company, the transaction will result in the formation of New ARRIS, incorporated in the U.K., with operational and worldwide headquarters at Suwanee, GA USA.
Ultratech, Inc. reported net sales of $41.9 million for first quarter of fiscal 2015, which is higher from $31.6 million in the first quarter of fiscal 2014. Net loss during the quarter was $1.7 million, or $0.06 loss per share, as compared to a net loss of $7.0 million, or $0.25 loss per share, for the same quarter last year.
Mobileiron Inc in its preliminary results release for the first quarter of fiscal year 2015 informed that it expects gross billings for the quarter to be in the range of $35.5-$37.0 million, below the company's guidance of $40.0-$42.0 million. Total non-GAAP revenue, which excludes perpetual license revenue recognized from licenses delivered prior to 2013, is expected to be between $32.0-$33.0 million, compared to guidance of $34.0-$37.0 million.
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