Stock Price Movements, Preliminary Earnings, and Spin-offs - Analyst Notes on FireEye, First Solar, Imperva, ADP and Sina
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NEW YORK, April 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding FireEye, Inc. (NASDAQ: FEYE), First Solar, Inc. (NASDAQ: FSLR), Imperva Inc. (NYSE: IMPV), Automatic Data Processing, Inc. (NASDAQ: ADP) and Sina Corp. (NASDAQ: SINA). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1219-100free.
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FireEye, Inc. Analyst Notes
On April 10, 2014, shares of FireEye, Inc. (FireEye) plunged 11.77% to end the session at $49.75. A total of 7.40 million shares changed hands, significantly higher than the 30-day average trading volume of 5.01 million shares. Shares of FireEye fell 38.04% in the last one month, trailing the NASDAQ Composite which declined 6.47% during the same time period. According to TheStreet.com, the recent fall in FireEye's stock is a result of a combination of a broader market fall, a disappointing secondary offering, and a negative report from a third party software tester. The full analyst notes on FireEye are available to download free of charge at:
http://www.analystsreview.com/1219-FEYE-.pdf
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First Solar, Inc. Analyst Notes
On April 10, 2014, the stock of First Solar, Inc. (First Solar) witnessed profit booking, after it added 7.85% in the last two trading sessions. The stock opened at $73.18, fluctuated in the range of $69.30 - $73.78 and finally ended the day at $69.63, down 5.06%. A total of 4.78 million shares were traded, which was lower than the previous day trading volume of 5.44 million shares. In the last one month, the stock has gained 26.97%, compared with the NASDAQ Composite, which fell 6.47% during the same time period. Recently, the Company provided a strong financial guidance for 2015 and 2016, targeting an EPS range of $4.50 and $6.00 (versus a consensus of under $4.00 per share), and $3.50 to $5.00, respectively. The full analyst notes on First Solar are available to download free of charge at:
http://www.analystsreview.com/1219-FSLR-.pdf
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Imperva Inc. Analyst Notes
On April 10, 2014, shares of Imperva Inc. (Imperva) tanked 43.70% on high volumes and ended the session at $28.00, after the Company reported preliminary Q1 2014 financial results. According to the Company, it expects total revenue for Q1 2014 in the range of $31.0 million to $31.5 million compared to the Company's prior guidance of $36.0 million to $37.0 million. Imperva expects to report non-GAAP net loss per share attributable to Imperva stockholders in the range of $0.40 to $0.44, versus net loss per share of $0.33 to $0.37, guided earlier. Shlomo Kramer, President and CEO, said, "Our first quarter results were primarily impacted by extended sales cycles on deals over $100,000, which led to delays in receiving anticipated orders from customers, particularly in the U.S., which resulted in lower than expected revenue for products." The full analyst notes on Imperva are available to download free of charge at:
http://www.analystsreview.com/1219-IMPV-.pdf
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Automatic Data Processing, Inc. Analyst Notes
On April 10, 2014, the stock of Automatic Data Processing, Inc. (ADP) fell 0.87% to $75.22 following the Company's proposal to spin-off its dealer services business. The Company plans to separate the Dealer Services business into an independent publicly traded company through a tax-free spin-off of 100% of Dealer Services to ADP shareholders. Commenting on the spin-off, Carlos Rodriguez, President and CEO, ADP, said, "Consistent with our strategy to grow our position as a global provider of HCM solutions, we have concluded that the separation of Dealer Services will allow both companies to focus on their respective industries." As stated, in conjunction with the spin-off ADP expects to receive in a tax-free manner at least $700 million, which it plans to return to its shareholders through share repurchases, once the spin-off is complete. ADP expects to close the transaction by Q4 2014. The full analyst notes on ADP are available to download free of charge at:
http://www.analystsreview.com/1219-ADP-.pdf
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Sina Corp. Analyst Notes
On April 10, 2014, shares of Sina Corp. (Sina) fell 6.46% to end at $53.18, in line with the tech-heavy NASDAQ Composite index, which declined 3.10%, as tech stocks resumed the southward journey on concerns over valuations, according to a Bloomberg report. In an overall weak session for the U.S. markets, the S&P 500 IT Index dropped 2.5%, and the Dow Jones Internet Composite Index plunged 4.2%. A total of 5.17 million shares of Sina were traded during the session, which was higher than the 30-day average trading volume of 4.37 million shares. The stock has declined 37.96%, in the past three-months, compared with the NASDAQ Composite, which fell 2.89% during the same period. The full analyst notes on Sina are available to download free of charge at:
http://www.analystsreview.com/1219-SINA-.pdf
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