The Zacks Analyst Blog Highlights:Agilent Technologies, Microchip Technology, Cognex, NXP Semiconductors and Green Dot

Oct 31, 2013, 09:30 ET from Zacks Investment Research, Inc.

CHICAGO, Oct. 31, 2013 /PRNewswire/ -- announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Agilent Technologies Inc (NYSE: A-Free Report), Microchip Technology Inc (Nasdaq: MCHP-Free Report), Cognex Corp (Nasdaq: CGNX-Free Report), NXP Semiconductors NV (Nasdaq: NXPI-Free Report) and Green Dot Corporation (NYSE: GDOT-Free Report).


Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday's Analyst Blog:

Agilent Upgrades LTE

Agilent Technologies Inc (NYSE: A-Free Report) recently unveiled new software options for the T4010S LTE RF and T4020S LTE RRM test systems. The newly-launched functionalities provide coverage for LTE-Advanced Carrier Aggregation test cases.

LTE (long term evolution), marketed as 4G LTE, is a standard for wireless transport of high-speed data for mobile phones and data terminals.

The Agilent T4000S series facilitates stress tests by user equipment (UE) developers to check their designs so that they are ready for certification before deployment. These products can also be used for assessment of UE performance and behavior by network operators and independent test labs.

The newly-added features make it possible for a single device to deliver a compact and scalable LTE-Advanced solution test set and help in performing several of the required MIMO and fading tests.

LTE-Advanced is focused on higher capacity with increased peak data rate, higher spectral efficiency, increased number of active subscribers, and improved overall performance.

Agilent Technologies is a broad-based original equipment manufacturer of test and measurement equipment. The company's third-quarter revenues were down 4.6% sequentially and 4.1% year over year to $1.65 billion. However, earnings per share of 68 cents beat the Zacks Consensus Estimate by 6 cents or 9.6%, helped by solid cost management.

Currently, Agilent has a Zacks Rank #3 (Hold). Other stocks that look attractive this season are Microchip Technology Inc (Nasdaq: MCHP-Free Report) with a Zacks Rank #1 (Strong Buy), and Cognex Corp (Nasdaq: CGNX-Free Report) and NXP Semiconductors NV (Nasdaq: NXPI-Free Report), both with a Zacks Rank # 2 (Buy).

Will Green Dot (GDOT) Miss on Earnings?

Green Dot Corporation (NYSE: GDOT-Free Report) is set to report third-quarter 2013 results on Oct 31 after the closing bell.  Last quarter it posted a 4.17% positive surprise. Let's see how things are shaping up for this announcement.

Factors to Consider This Quarter

Green Dot, which markets prepaid debit cards and related services both at retail locations and online, is facing strong competition from major players like American Express. American Express recently launched a reloadable prepaid card, giving stiff competition to Green Dot's Walmart MoneyCard. AmEx's new card has a lower monthly maintenance fee compared to Green Dot's card, making it more attractive to customers.

Moreover, GreenDot faces competition from new entrants in the market like drug stores and grocery store operators, which have launched their own reloadable prepaid cards.

These factors are expected to negatively affect Green Dot's earnings this quarter.

Earnings Whispers?

Our proven model does not conclusively show that Green Dot is likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP  and a Zacks Rank of #1, #2 or #3 for this to happen. That is not the case here as you will see below.

Negative Zacks ESP:  The Expected Surprise Prediction or ESP for Green Dot is -5.88%. That is because the Most Accurate estimate stands at 16 cents while the Zacks Consensus Estimate is higher at 17 cents.

Zacks Rank: Green Dot's Zacks Rank #4 (Sell) when combined with a negative ESP makes surprise prediction difficult. We caution against stocks with Zacks Ranks #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on A - FREE

Get the full Report on MCHP - FREE

Get the full Report on CGNX - FREE

Get the full Report on NXPI - FREE

Get the full Report on GDOT - FRE

Follow us on Twitter:

Join us on Facebook:

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.