NEW YORK, May 18, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including WPCS International Incorporated (NASDAQ: WPCS), Transgenomic Inc. (NASDAQ: TBIO), LookSmart, Ltd. (NASDAQ: LOOK), UTStarcom Holdings Corp. (NASDAQ: UTSI), and Spark Energy, Inc. (NASDAQ: SPKE). 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.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
WPCS Research Report: ( http://get.analystsreview.com/pdf/?c=WPCS%20International&d=18-May-2015&s=WPCS ),
TBIO Research Report: ( http://get.analystsreview.com/pdf/?c=Transgenomic&d=18-May-2015&s=TBIO ),
LOOK Research Report: ( http://get.analystsreview.com/pdf/?c=LookSmart&d=18-May-2015&s=LOOK ),
UTSI Research Report: ( http://get.analystsreview.com/pdf/?c=UTStarcom%20Holdings&d=18-May-2015&s=UTSI ),
SPKE Research Report: ( http://get.analystsreview.com/pdf/?c=Spark%20Energy&d=18-May-2015&s=SPKE ).
Analyst Update: New Contracts, Merger, and Earnings Update
U.S. stocks mostly drifted between modest gains and losses on Friday, May 15, 2015 as investors remained cautious over weaker than expected economic data. The Dow Jones Industrial Average gained 0.11%, to finish at 18,272.56, the S&P 500 rose 0.08%, to 2,122.73, and the NASDAQ Composite ended the day at 5,048.29, down 0.05%. European stocks closed lower on Friday amid rise in the value of euro against dollar. Germany's DAX 30 lost 0.98%, France's CAC 40 fell 0.71%, and London's FTSE 100 closed 0.18% lower on Friday. Meanwhile, Asian markets painted a mixed picture on Friday. The Shanghai Composite fell as expectation of Chinese stimulus measures cooled, while Hong Kong's Hang Seng and Japan's Nikkei gained on Friday.
On April 8, 2015, Yahoo Finance reported that WPCS International Incorporated, which specializes in contracting services for communications infrastructure and natural gas and petroleum transmission pipelines, has been awarded $14.4 million in new contracts during March 2015.
On April 23, 2015, Transgenomic, Inc. and Horizon Discovery Group plc announced a new Original Equipment Manufacture (OEM) agreement to incorporate Horizon's human genomic reference standards, produced by Horizon's Diagnostics division, into Transgenomic's Multiplexed ICE COLD-
PCRTM (MX-ICP) kits for use in research and clinical applications.
On April 23, 2015, LookSmart Ltd. and privately-held Pyxis Tankers Inc. jointly announced that they have entered into an Agreement and Plan of Merger, whereby Pyxis will become a publicly listed company consequent to the merger. Following the merger between LookSmart Ltd. and Pyxis' wholly-owned subsidiary, Maritime Technologies Corp., a Delaware corporation, LookSmart will spin off its existing business into a new entity called LookSmart Group, Inc.
On April 30, 2015, UTStarcom, a global telecommunications infrastructure provider, announced that it has been awarded a significant contract to support a major Carrier Wi-Fi system integration for Banglalion Communications Ltd., a leading WiMAX (Wireless Interoperability for Microwave Access) 4G operator in Bangladesh. The Company said that the partnership will further complement its efforts to expand its footprint globally and enter a new growth market.
On May 13, 2015, Spark Energy, Inc. reported its financial results for Q1 2015. For the quarter, Spark reported an adjusted EBITDA of $10.2 million on $101.8 million of revenue compared to an adjusted EBITDA of $9.3 million on $105.9 million of revenue for Q1 2014. For Q1 2015, retail gross margin was $27.9 million compared to $17.7 million for Q1 2014.
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