NEW YORK, April 28, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding SunPower Corporation (NASDAQ: SPWR), Citrix Systems, Inc. (NASDAQ: CTXS), International Game Technology (NYSE: IGT), ARM Holdings plc (NASDAQ: ARMH) and Splunk, Inc (NASDAQ: SPLK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1680-100free.
SunPower Corporation Analyst Notes
On April 23, 2014, SunPower Corporation (SunPower) issued a press release stating that it has teamed up with Google Inc. (Google) to launch a new program that will provide financing to support approximately $250 million of residential solar lease projects. According to the Company, Google and SunPower have committed $100 million and $150 million, respectively, to the program. SunPower expects this program to finance solar power systems for thousands of homeowners in the U.S. SunPower CFO Chuck Boynton, commented, "With the increased and growing interest in reliable, cost-effective solar from businesses and homeowners alike, Google's leadership is helping take solar mainstream." The full analyst notes on SunPower are available to download free of charge at:
Citrix Systems, Inc. Analyst Notes
On April 23, 2014, Citrix Systems, Inc. (Citrix Systems) reported its financial results for Q1 2014 and surprised the market with better-than-expected growth in bottom-line, driven by balanced growth across all three of its primary businesses: mobile and desktop, cloud networking, and SaaS. Net income for Q1 2014 came in at $55.9 million, or $0.30 per diluted share, as compared to $59.7 million, or $0.32 per diluted share, in Q1 2013. Non-GAAP net income during the quarter was $0.64 per diluted share versus $0.62 per diluted share in Q1 2013. On average, analysts polled by Bloomberg expected the Company to report EPS of $0.59. The Company posted 11.6% YoY gain in revenues to $750.8 million. Looking ahead, the Company expects GAAP diluted EPS to be in the range of $0.21 to $0.24 in Q2 2014. The full analyst notes on Citrix Systems are available to download free of charge at:
International Game Technology Analyst Notes
On April 23, 2014, International Game Technology (IGT) released its financial results for Q1 2014. The Company reported a 14.5% YoY decline in its net revenues to $512.8, primarily due to decline in machine sales and gaming operations. Adjusted net income for Q1 2014 came in at $49.4 million, or $0.20 per diluted share, as compared to $95.1 million, or $0.36 per diluted share, in Q1 2013. According to Bloomberg, the consensus EPS estimate for the quarter was $0.20. During the quarter, the Company initiated cost-cutting measures including the reduction of its global workforce by 7% to realize expected cost savings of $30 million in the current fiscal year. IGT expects full-year 2014 adjusted earnings to be in the range of $1.00 to $1.10 per share. The shares of IGT fell 10.31% to end the day at $12.62. The full analyst notes on IGT are available to download free of charge at:
ARM Holdings plc Analyst Notes
On April 23, 2014, ARM Holdings plc (ARM Holdings) announced its Q1 2014 earnings results. The Company reported that the revenues for the quarter rose 15.7% YoY to $305.2 million. Fully diluted EPS in Q1 2014 were 4.39 pence (22.0 cents per ADS) compared to 3.69 pence (16.8 cents per ADS) in Q1 2013. Simon Segars, CEO ARM Holdings, commented, "Q1 was a good start to the year for ARM, with more customers choosing to license ARM technology for their future products, which helped drive ARM's revenues." Following the announcement, the Company's stock declined 4.99% to close the day at $47.61. The full analyst notes on ARM Holdings are available to download free of charge at:
Splunk, Inc Analyst Notes
On April 22, 2014, Splunk, Inc. (Splunk) announced that New York Air Brake (NYAB) is using Splunk® Enterprise to index, monitor, analyze and visualize sensor data from more than 5,000 locomotives, giving the U.S. rail roads the potential to save up to $1 billion in fuel and other costs. NYAB leverages Splunk software to analyze train forces, fuel activity, engineer driving behavior, rail track topography, weather conditions and other key performance perimeters that deliver real-time and historical insights for improved train safety and performance optimization. Tapan Bhatt, Vice President, Business Analytics, Splunk, commented, "Splunk customers often thrill us with the innovative ways they use our software, and NYAB's idea to collect and analyze sensor data from thousands of on-board and wayside sensors to create safer, more efficient railways is genius." The full analyst notes on Splunk are available to download free of charge at:
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