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Quarterly Financial Performance Review - Research Reports on Nokia, Citrix, ServiceNow, Infinera and KLA-Tencor

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


News provided by

Analysts Review

Oct 28, 2014, 08:50 ET

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NEW YORK, October 28, 2014 /PRNewswire/ --

Today, Analysts Review released its research reports regarding Nokia Corporation (NYSE: NOK), Citrix Systems, Inc. (NASDAQ: CTXS), ServiceNow, Inc. (NYSE: NOW), Infinera Corporation (NASDAQ: INFN) and KLA-Tencor Corporation (NASDAQ: KLAC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7488-100free.

--
Nokia Corporation Research Reports
On October 23, 2014, the Finland-based Nokia Corporation (Nokia) announced its Q3 2014 financial results. The Company, which completed the sale of its handset business to Microsoft in April this year, said its net sales in Q3 2014 grew 13.1% YoY to €3.3 billion. Revenues from the Company's core Networks unit grew to €2.9 billion in Q3 2014 from €2.6 billion in the year ago period. Nokia Networks also achieved an operating profit margin of 13.5%, beating the analysts' average forecast of 9.9% in a Reuters poll. Nokia's operating profit during the quarter increased 32.9% YoY to €457 million. Analysts polled by Reuters had expected the Company's operating profit at €359 million. Looking ahead, Nokia expects Nokia Networks' non-IFRS operating margin for the full year 2014 to be slightly above 11%. Nokia's ADRs gained 5.93% to close at $8.40. The full research reports on Nokia are available to download free of charge at:

http://www.analystsreview.com/Oct-28-2014/NOK/report.pdf

--
Citrix Systems, Inc. Research Reports
On October 22, 2014, Citrix Systems, Inc. (Citrix) announced its Q3 2014 financial results. The Company's total net revenues during the quarter increased 6.5% YoY to $759.0 million. Citrix's GAAP net income in Q3 2014 declined to $48 million, or $0.29 per diluted share, from $77 million, or $0.41 per diluted share, in Q3 2013. The Company's Q3 2014 GAAP net income included charge of approximately $21 million related to a previously disclosed patent lawsuit, as well as a restructuring charge of $3 million for severance costs. Excluding special items, Citrix earned $0.75 per share in Q3 2014, up from $0.70 per share in the year earlier period. Meanwhile, Citrix projects full-year 2014 net revenue in the range of $3.13 billion to $3.14 billion, and non-GAAP EPS in the range of $3.22 to $3.25. Citrix Shares fell 4.54% to close at $61.84 on October 23, 2014. The full research reports on Citrix are available to download free of charge at:

http://www.analystsreview.com/Oct-28-2014/CTXS/report.pdf

--
ServiceNow, Inc. Research Reports
On October 22, 2014, ServiceNow, Inc. (ServiceNow) announced its financial results for Q3 2014. ServiceNow's revenue during the quarter increased 60.6% YoY to $178.7 million. The Company's GAAP net loss for Q3 2014 widened to $41.1 million, or a $0.28 loss per diluted share, compared with a GAAP net loss of $14.7 million, or a $0.11 loss per diluted share, in Q3 2013. Excluding special items, the Company said its net income was $5.7 million or $0.03 per share, compared to $2.2 million or $0.01 per share in Q3 2013. On average, analysts polled by Reuters expected ServiceNow to report EPS of $0.01 on revenue of $174.43 million. Looking ahead, the Company expects total revenues between $192 million and $194 million for Q4 2014. Full-year 2014, revenues are projected to be between $677 million to $679 million. On October 23, 2014, shares of the Company rose 11.14% to close at $64.54. The full research reports on ServiceNow are available to download free of charge at:

http://www.analystsreview.com/Oct-28-2014/NOW/report.pdf

--
Infinera Corporation Research Reports
On October 22, 2014, Infinera Corporation (Infinera) announced its Q3 2014 financial results. The Company reported revenue for the quarter at $173.6 million, up 22.3% YoY. Infinera's net income increased to $4.8 million, or $0.04 per diluted share, in Q3 2014, from $3.3 million or $0.03 per diluted share in the corresponding quarter of last year. On an adjusted basis, Infinera reported net income at $0.11 per share, up from $0.10 per share in Q3 2014 and topping the average estimates of a loss of $0.07 per share in a Reuters' poll of analysts. Shares of the Company jumped 30.91% to close at $13.89 on October 23, 2014. The full research reports on Infinera are available to download free of charge at:

http://www.analystsreview.com/Oct-28-2014/INFN/report.pdf

--
KLA-Tencor Corporation Research Reports
On October 23, 2014, KLA-Tencor Corporation (KLA-Tencor) announced its Q1 FY 2015 financial results (period ended September 30, 2014). The Company reported net income of $72.2 million, or $0.43 per diluted share, compared to $111.2 million or $0.66 per diluted share in the year ago period. On an adjusted basis, the Company earned $0.47 per diluted share in the quarter, beating the average analyst estimates by a cent in a Reuters poll. KLA-Tencor's revenue for Q1 FY 2015 came in at $642.9 million, down 2.3% YoY. In addition, the Company announced that its Board of Directors has authorized the financing of a leveraged recapitalization, which would feature a special cash dividend of $16.50 per share, representing approximately 23% of the Company's common stock price as of October 22, 2014, or an aggregate value of approximately $2.75 billion. The full research reports on KLA-Tencor are available to download free of charge at:

http://www.analystsreview.com/Oct-28-2014/KLAC/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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