NEW YORK, April 29, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Weibo Corporation (NASDAQ: WB), Viggle Inc. (NASDAQ: VGGL), Gigamon Inc. (NYSE: GIMO), China Ming Yang Wind Power Group Limited (NYSE: MY), and American Superconductor Corporation (NASDAQ: AMSC). 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.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
WB Research Report: ( http://get.analystsreview.com/pdf/?c=Weibo%20Corporation&d=29-Apr-2015&s=WB ),
VGGL Research Report: ( http://get.analystsreview.com/pdf/?c=Viggle%20Inc&d=29-Apr-2015&s=VGGL ),
GIMO Research Report: ( http://get.analystsreview.com/pdf/?c=Gigamon%20Inc&d=29-Apr-2015&s=GIMO ),
MY Research Report: ( http://get.analystsreview.com/pdf/?c=China%20Ming%20Yang&d=29-Apr-2015&s=MY ),
AMSC Research Report: ( http://get.analystsreview.com/pdf/?c=American%20Superconductor&d=29-Apr-2015&s=AMSC ).
Analyst Update: Investigation, Viewership, Financial Results, New Appointment, and Common Stocks Offering
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed mixed on Tuesday as investors remained vigil over tech earnings and the Federal Reserve's concluding statement on Wednesday. The Dow Jones Industrial Average advanced 0.40%, to close the day at 18,110.14, and the S&P 500 gained 0.28%, to 2,114.76. However, the NASDAQ Composite was down 0.10%, to finish the session at 5,055.42. European stocks tumbled on Tuesday amid concerns over Federal Reserve's meeting outcome. Germany's DAX 30 fell 1.89%, France's CAC 40 lost 1.81%, and London's FTSE 100 ended 1.03% lower on Tuesday. Meanwhile, Asian stock markets mostly closed lower on Tuesday. The Shanghai Composite Index and Australia's S&P ASX both fell on Tuesday, while Hong Kong's Hang Seng index was flat.
According to Bloomberg news report dated April 13, 2015, Pomerantz LLP is investigating claims on behalf of investors of Weibo Corporation (Weibo), amid concerns whether Weibo and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Weibo, a Chinese social media company like Twitter, is operated by SINA Corporation (SINA), which owns 56% shares of the Company.
Viggle Inc (Viggle), in a press note on February 24, 2015 said that it continues to drive tune-in and engagement for its advertisers as year-over-year participation of Viggle users during the 87th Academy Awards on Sunday night hit new highs. Its users earned a total of 64 million Viggle points by checking in to the broadcast-a 439% YoY increase as compared to last year.
Gigamon Inc (Gigamon), the leader in traffic visibility solutions announced its first quarter 2015 results on April 23, 2015. Total revenue was up 48% YoY in Q1 2015, to reach at $46.9 million. GAAP gross margin was 76% in Q1, compared to 73% in the same quarter last year. GAAP net loss was $0.7 million or $0.02 per basic and diluted share in Q1 2015, compared to a net loss of $8.2 million or $0.26 per basic and diluted share in Q1 2014.
China Ming Yang Wind Power (Ming Yang), on April 11, 2015, announced the appointment of Mr. Jianren Wen to its board of directors. He will replace Mr. Song Wang who had served as an executive director since September 2010. Mr. Wang resigned as a member of the board and a senior vice president and left the Company in April for personal reasons.
American Superconductor Corporation, on April 24, 2015, announced that it has priced its underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $6.00 per share. The net proceeds to AMSC from this offering are expected to be approximately $22.3 million, after deducting the underwriting discount and estimated offering expenses.
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