Advertisements


We are Sorry, This Page doesn't Exist


Top Stock Reports for Berkshire Hathaway, Exxon Mobil & Walmart

Today's Research Daily features new research reports on 16 major stocks, including Berkshire Hathaway Inc. (BRK.B), Exxon Mobil Corporation (XOM) and Walmart Inc. (WMT). Thursday, September 29, 2022 The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Berkshire Hathaway Inc. (BRK.B), Exxon Mobil Corp. (XOM) and Walmart Inc. (WMT). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Berkshire Hathaway shares have underperformed the Zacks Insurance - Property and Casualty industry over the past year (-0.5% vs. +0.4%). The company’s exposure to catastrophe loss induces earnings volatility and also affects the property and casualty underwriting results of Berkshire. Huge capital expenditures remain a headwind for the company.However, Berkshire Hathaway is one of the largest property and casualty insurance companies measured by premium volume. Berkshire's inorganic growth story remains impressive with strategic acquisitions. A strong cash position supports earnings-accretive bolt-on buyouts and indicates the company's financial flexibility.Continued insurance business growth fuels increase in float, drive earnings and generates maximum return on equity. The non-insurance businesses are delivering improved results with increased revenues over the past few years. A sturdy capital level provides further impetus.(You can read the full research report on Berkshire Hathaway here >>>)Exxon Mobil shares have outperformed the Zacks Oil and Gas - Integrated – International industry over the past year (+51.1% vs. +27.2%). The company’s bellwether status and an optimal integrated capital structure that has historically produced industry-leading returns make it a relatively lower-risk energy sector play. The company made three oil discoveries in the Stabroek Block, which will increase its recoverable resources estimates to 11 billion oil-equivalent barrels.ExxonMobil also has a strong presence in the prolific Permian Basin, where it expects to boost production volumes by 25% in 2022. The company reported strong second-quarter earnings, owing to higher realized commodity prices and solid refinery utilization.ExxonMobil generated cash flow of $20.9 billion from operations and asset divestments in the second quarter. Also, it has significantly lower debt exposure than other integrated majors. Hence, ExxonMobil is considered a preferred energy firm to own now.(You can read the full research report on Exxom Mobil here >>>)Walmart shares have underperformed the Zacks Retail - Supermarkets industry over the past year (-4.5% vs. -3.0%). The company’s consolidated operating income and earnings per share view suggest a decline from the year-ago period figures. The company is encountering cost pressure associated with fuel prices, supply chain and excess inventory. Cost inflation and markdowns hurt its gross margin in the second quarter.However, Walmart has been benefiting from its robust omnichannel operations due to its efforts to enhance both store and online experience. Walmart has been particularly gaining from its efforts to boost delivery services through acquisitions and partnerships.The company’s U.S. comp sales continued to benefit from an increased market share in grocery in the second quarter of fiscal 2023, wherein the top line grew year over year. Management raised its net sales view for fiscal 2023.(You can read the full research report on Walmart here >>>) Other noteworthy reports we are featuring today include Alibaba Group Holding Ltd. (BABA), Accenture plc (ACN), and American Express Co. (AXP).Mark VickerySenior Editor Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadBerkshire (BRK.B) Continues to Gain From Insurance BusinessExxonMobil (XOM) Banks on Permian and Guyana AssetsWalmart (WMT) Gains on E-Commerce Efforts, Hurt by Cost WoesFeatured ReportsWholesale & Cloud Businesses Momentum Aids Alibaba (BABA)Per the Zacks analyst, growing China and International Commerce businesses are benefiting Alibaba's wholesale business. Further, expanding cloud business is contributing well to its top line.Accenture (ACN) Gains on Service Demand Despite Talent CostPer the Zacks analyst, Accenture is steadily gaining traction in its outsourcing and consulting businesses, backed by high demand for services. A competitive talent market remains a concern.Solid Investments Aid Duke Energy (DUK), Weak Solvency WoesPer the Zacks analyst, Duke Energy's investment in infrastructure and expansion projects tend to boost its long-term growth prospects. However, its weak solvency position remains a bottleneck.Market Share Gains Aid Keurig Dr Pepper's (KDP) Top LinePer the Zacks analyst, Keurig witnesses market share gains from higher household penetration in hot and cold beverages, which is likely to continue. This is supported by marketing and innovation plansSurging Orders to Drive Fortive (FTV) Amid High LeveragePer the Zacks analyst,, Fortive's performance is gaining from increased orders for both software and hardware offerings. However, stiff competition and leveraged balance sheet remain concerns.A Wide Array of Services Continue to Aid AMN Healthcare (AMN)The Zacks analyst is upbeat about AMN Healthcare's expanded portfolio serving a diverse and growing healthcare talent-related needs despite its operation in a fiercely competitive niche space.AmEx (AXP) to Gain From Rising Consumer Spending & BuyoutsPer the Zacks analyst, increased consumer spending and economic recovery will boost volumes, and buyouts would trigger inorganic growth for American Express. Yet, rising costs hurt the bottom line.New UpgradesPaylocity Holding (PCTY) Benefits From Growing Customer BasePer the Zacks Analyst, Paylocity Holding is benefiting from its differentiated employee strategy, comprehensive product offerings and on-demand pay facility, that are helping it win new customers.Cactus (WHD) to Gain From Higher Wellhead Equipment SalesThe Zacks analyst is upbeat about Cactus witnessing higher sales of its wellhead and production-related equipment, which will translate into increased cash flows.Cracker Barrel (CBRL) Rides on Off-premise Business ModelPer the Zacks analyst, Cracker Barrel is benefitting from solid off-premise sales, digital efforts and loyalty program. Also, focus on menu offerings with reduced complexity bode well. New DowngradesCommodity Costs, High Debt Ail Scotts Miracle-Gro (SMG)The Zacks analyst is concerned that higher commodity costs will exert pressure on Scotts Miracle-Gro's margins. Its high debt level is another concern.Higher Input & Production Costs Hurt Kronos Worldwide (KRO)Per the Zacks analyst, a spike in raw material costs due to disruptions in global supply chains will weigh on the company's bottom line. It also faces headwind from higher production costs.Expenses, Tough Operating Backdrop Hurt SVB Financial (SIVB)Per the Zacks analyst, elevated operating expenses are likely to hurt SVB Financial's bottom line. Geopolitical and recessionary fears are other headwinds, which will likely weigh on its financials. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accenture PLC (ACN): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report American Express Company (AXP): Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 29th, 2022

Cadence Design Systems (CDNS) Stock Moves -1.37%: What You Should Know

Cadence Design Systems (CDNS) closed the most recent trading day at $164.69, moving -1.37% from the previous trading session. In the latest trading session, Cadence Design Systems (CDNS) closed at $164.69, marking a -1.37% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.11%. At the same time, the Dow lost 1.54%, and the tech-heavy Nasdaq lost 0.3%.Heading into today, shares of the maker of hardware and software products for validating chip designs had lost 3.91% over the past month, outpacing the Computer and Technology sector's loss of 10.31% and the S&P 500's loss of 8.19% in that time.Cadence Design Systems will be looking to display strength as it nears its next earnings release. In that report, analysts expect Cadence Design Systems to post earnings of $0.97 per share. This would mark year-over-year growth of 21.25%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $869.88 million, up 15.84% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $4.11 per share and revenue of $3.5 billion, which would represent changes of +24.92% and +17%, respectively, from the prior year.Investors might also notice recent changes to analyst estimates for Cadence Design Systems. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% higher within the past month. Cadence Design Systems is currently sporting a Zacks Rank of #3 (Hold).Investors should also note Cadence Design Systems's current valuation metrics, including its Forward P/E ratio of 40.59. This valuation marks a premium compared to its industry's average Forward P/E of 23.89.Meanwhile, CDNS's PEG ratio is currently 2.29. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CDNS's industry had an average PEG ratio of 1.97 as of yesterday's close.The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 29th, 2022

What is an eSIM? A full guide to the new digital SIM cards that smartphones are using, and how to set one up

eSIMs are a digital version of SIM cards, and carry your name, phone number, account information, and more. eSIMs are built into your phone's hardware, instead of being separate.ImYanis/Shutterstock "eSIM," short for "embedded subscriber identity module," is a piece of software that connects your phone to your phone number. eSIMs are a digital version of SIM cards, the small chips that most phones require users to have. If your phone supports eSIMs, you can add it the first time you turn on your phone, or in the Settings app. If you've ever bought a new phone, you've probably had to handle a SIM card. These are small chips that hold your phone number and all the information about what cellular carrier you have. Without a SIM, you can't make or receive regular phone calls.But SIM cards are changing. The next time you buy a phone, it might not have a SIM card — instead, it'll have an eSIM.eSIMs are the digital version of SIM cardseSIM is an acronym that stands for "embedded subscriber identity module." Like their non-digital counterparts, eSIMs are bits of software that let your phone connect to your cellular carrier.Your eSIM carries your name, phone number, account information, and more. If your phone doesn't have a SIM card or eSIM, it can't make or receive phone calls or use mobile data.Most modern smartphones allow you to use either a physical SIM card or an eSIM. But that will likely change soon, as Apple's newest line of iPhones — the iPhone 14 series — will only take eSIMs if you buy them in the US. They don't have any physical SIM card trays installed.eSIMs are a replacement for physical SIM cards, like the one pictured here.010110010101101/ShutterstockNote: iPhone 14 models sold outside of the US might still include a SIM card tray. Notably, iPhone 14 models sold in mainland China can't use eSIMs at all.eSIMs are safer and easier to useBut what makes an eSIM better than a real SIM card? For one, eSIMs are more secure. Unlike a physical SIM card, there's no way for someone to steal your eSIM — it's baked into your phone, meaning that they'd have to take the entire device.eSIMs also make it easier to change phone numbers, or switch between cellular carriers: There's no physical card you have to switch out, and instead, you can just change the settings on your phone.The rise of eSIMs also means that you can have multiple phone numbers on a single phone at once. For instance, the iPhone lets you store up to eight eSIMs at one time, which you can freely switch between.This can be especially useful while traveling. When you go abroad, adding an international SIM to your phone usually just means contacting the carrier you want and scanning the QR code they give you.How to set up an eSIMDepending on what phone you're using, the exact steps to install your eSIM will vary. But the basics are the same.When you buy your phone, the retailer will likely ask you what cellular carrier you have an account with. Once you pick one, the retailer will have you provide your phone number and some account information.Following that, the first time you turn on the new phone, it'll already be connected to your cellular carrier. Enter your phone number again and log into your carrier account, and your eSIM will activate. You might also have to scan a QR code.eSIMs let you transfer phone numbers between devices wirelessly.AppleYou'll need an internet connection to set up an eSIM, so make sure you have either a stable Wi-Fi or cellular connection.If you buy your phone without specifying a cellular carrier, then you can set up the phone without installing an eSIM. Once the phone is turned on, head to your phone's Settings app. On the iPhone settings page, tap Cellular, and you'll find the option to add an eSIM or convert to eSIM. In the Android settings app, search for SIM, then tap SIMs followed by SIMs again, and you'll find the option to add an eSIM. Either device will then give you steps to pick a carrier and connect your phone to it.For an eSIM to work, you need to connect it to a cellular carrier.Google; William Antonelli/InsiderRead the original article on Business Insider.....»»

Category: smallbizSource: nytSep 29th, 2022

HP (HPQ) Down 10.8% Since Last Earnings Report: Can It Rebound?

HP (HPQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. A month has gone by since the last earnings report for HP (HPQ). Shares have lost about 10.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is HP due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. HP Meets Earnings Estimates, Misses Revenues in Q3HP Inc. delivered mixed results for the third quarter of fiscal 2022. The personal computer and printer maker’s third-quarter earnings met the Zacks Consensus Estimate, while revenues missed the same.HP reported a solid bottom line for the third quarter, wherein its non-GAAP earnings increased 4% year over year to $1.04 per share from the $1.00 reported in the year-ago quarter. The figure matched the Zacks Consensus Estimate and came at the lower end of management’s guided range of $1.03-$1.08.The year-over-year increase in earnings reflected the benefits of favorable pricing, disciplined cost management and a better product mix, partially offset by lower revenues, higher commodity costs, unfavorable currency exchange rates, increased investments in innovation and the go-to-market strategy.HP’s net revenues decreased 4.1% year over year to $14.7 billion and missed the Zacks Consensus Estimate of $15.5 billion. In constant currency (cc), revenues declined 1.9%.The dismal top-line performance reflected a weak performance in HPQ’s Personal Systems and Printers segments.Quarter in DetailPersonal Systems revenues (68.7% of net revenues) came in at $10.1 billion, 3% lower than the year-ago quarter (flat at cc). The year-over-year plunge reflected a decline in demand for Chromebooks and weak demand in the company’s consumer business. Further, consumer revenues decreased 20%, while commercial revenues increased 7%.HP’s total PC units sold were down 7% on a year-over-year basis. Notebooks registered a year-over-year decline of 32%, while desktop units increased 1%. Notebook revenues decreased 10% year over year to $6.57 billion, while desktop sales grew 13% to $2.54 billion. Workstation sales jumped 38% to $537 million.HP is witnessing a strong rebound in its Printing business, which was affected by office closures during the pandemic. However, due to continued manufacturing and component supply constraints, HPQ failed to meet demand.Printing business revenues (31.3% of net revenues) decreased 6% year over year (down 5% at cc) to $4.58 billion, mainly due to lower hardware units and supplies revenues, partially offset by favorable pricing in hardware and growth in industrial graphics and services.HP’s total hardware units sold decreased 3%. Consumer Hardware units declined 1%, while revenues increased 1%. Further, Commercial Hardware units decreased 15%, while revenues decreased 3%. Supplies revenues declined 9%.Region-wise, at cc, revenues from America (44%) and the EMEA (32% of third-quarter revenues) declined 9% and 6%, respectively. Revenues from the APJ (24%) region increased 8%.Operating ResultsSegment-wise, Personal Systems’ operating margin contracted 150 basis points (bps) to 6.9%, primarily due to higher commodity costs and unfavorable currency exchange rates, partially offset by a better commercial product mix and lower operating expenses.The Printing division’s operating margin expanded 230 bps to 19.9%, driven by a rate improvement in hardware and efficient cost management, partially offset by an unfavorable mix.HP’s overall non-GAAP operating margin from continuing operations of 9% declined 40 bps year over year.Balance Sheet and Cash FlowHP ended the fiscal third quarter with cash and cash equivalents of $5.39 billion, up from $4.5 billion at the end of the second quarter of fiscal 2022.During the quarter, HPQ generated operating cash flows of $0.4 billion and free cash flow of $0.3 billion. In the first nine months of fiscal 2022, the company generated operating cash flows of $2.56 billion.HP returned $1.28 billion to its shareholders in the form of stock repurchases ($1.03 billion) and cash dividends ($255 million) in the fiscal third quarter. In the first nine months of fiscal 2022, the company paid dividends of $788 million and repurchased stocks worth $3.55 billion.GuidanceHP lowered its fiscal 2022 non-GAAP earnings per share (EPS) guidance range to $4.02-$4.12 from the $4.24-$4.38 range forecast previously. The company now estimates generating free cash flow between $3.2 billion and $3.7 billion, significantly down from the at least $4.5 billion projected earlier.HP reaffirmed its commitment to returning $5 billion to shareholders through share buybacks and dividend payouts in fiscal 2022.For the fourth quarter of fiscal 2022, HP estimates the non-GAAP EPS between 79 cents and 89 cents.How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.The consensus estimate has shifted -18.82% due to these changes.VGM ScoresAt this time, HP has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise HP has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 29th, 2022

Ericsson (ERIC) to Boost Pine Cellular Network Capabilities

Ericsson (ERIC) radio solutions will enable Pine Cellular to expand its connectivity footprint, reach more customers and deliver high-speed Internet connectivity. Ericsson ERIC recently inked a contract with Pine Cellular for an undisclosed amount to augment the latter’s network capabilities. The deal will enable the carrier to offer improved mobility and broadband services for a superior customer experience. It will also help to modernize the network infrastructure for 5G-ready products and solutions.Operating since 1911, Pine Cellular is a leading telecommunications and network service provider of mobile, IPTV and fiber broadband connectivity across southeastern Oklahoma. This premier wireless services provider currently aims to leverage Ericsson Radio Access Network (RAN) solutions for improved network facilities across more than 140 sites in the region.Ericsson radio solutions will enable Pine Cellular to expand its connectivity footprint, reach more customers and deliver high-speed Internet connectivity to rural America to help bridge the digital divide. This, in turn, will likely ensure low latency and high bandwidth services for superfast data transfer.Ericsson Radio System comprises hardware, software and services for radio, RAN Compute, antenna system, transport, power and site solutions. It enables smooth and cost-effective migration from 4G to 5G, aiding communication service providers to launch the avant-garde technology and grow 5G coverage fast. The company’s 5G radio access technologies provide the infrastructure required to meet the growing demand for high-bandwidth connections and support real-time, high-reliability communication requirements of mission-critical applications.With the emergence of the smartphone market and the subsequent usage of mobile broadband, user demand for coverage speed and quality has increased exponentially. Further, to maintain performance with increased traffic, there is a continuous need for network tuning and optimization. Ericsson, being one of the premier telecom service providers, is much in demand among operators to expand network coverage and upgrade networks for higher speed and capacity. The company is reportedly the world’s largest supplier of LTE technology with a significant market share and has established a large number of LTE networks worldwide.The company is focusing on 5G system development and has undertaken many notable endeavors to position itself as a market leader. It believes that the standardization of 5G is the cornerstone for digitizing industries and broadband. Ericsson expects mainstream 4G offerings to give way to 5G technology in the future. It currently has 130 live 5G networks across the globe spanning 56 countries.The stock has lost 47% over the past year compared with the industry’s decline of 14.8%.Image Source: Zacks Investment ResearchEricsson currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ooma Inc. OOMA, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 28.6%, on average, in the trailing four quarters. Earnings estimates for Ooma for the current year have moved up 27% since March 2022.Ooma offers communications services and related technologies for businesses and consumers in the United States and Canada. It helps to create powerful connected experiences for businesses and consumers through its smart cloud-based SaaS platform.Spirent Communications plc SPMYY carries a Zacks Rank #2. Earnings estimates for the current year for the stock have moved up 10.8% since September 2021, while that for the next year is up 11.8%.Founded in 1936 and headquartered in Crawley, the United Kingdom, Spirent offers a comprehensive, end-to-end solution that validates forwarding performance, latency and functional capabilities in an integrated approach that reduces the cost of ownership. It is a leading provider of Ethernet validation solutions in the market.Aviat Networks, Inc. AVNW carries a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has been revised 23.3% upward since September 2021.Aviat Networks pulled off a trailing four-quarter earnings surprise of 15.9%, on average. It has soared 156% in the past two years. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ericsson (ERIC): Free Stock Analysis Report Aviat Networks, Inc. (AVNW): Free Stock Analysis Report Spirent Communications PLC (SPMYY): Free Stock Analysis Report Ooma, Inc. (OOMA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 29th, 2022

4 Dividend-Paying Stocks to Watch in the Technology Sector

Here we have shortlisted four dividend-paying tech stocks - AVGO, ADI, NTAP and DOX - that may fetch promising returns amid the current highly volatile market environment. The broader equity market has had a terrible run so far this year. The major stock indexes, Dow Jones Industrial Average, Nasdaq Composite and S&P 500, have fallen 18.3%, 29.4% and 22%, respectively, year to date (YTD).The equity market has been hammered by recession fears, inflationary pressure and soaring interest rates. The ongoing Russia-Ukraine war has further increased worries for investors about the global economic recovery.Technology is among the most-battered sectors amid a broader market sell-off this year so far. Technology Select Sector SPDR Fund, which seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the Technology Select Sector Index, has lost approximately 28% of its value YTD.Tech companies are witnessing lower demand for their products and solutions as organizations are postponing their large IT spending plans due to a weakening global economy amid ongoing macroeconomic and geopolitical issues. In July 2022, Gartner lowered its forecast for worldwide IT spending growth rate to 3% from 4% mentioned earlier. The research firm’s report highlights that 2022 IT spending growth will be much slower than 2021 due to spending cutbacks across devices, software, IT services and communication services areas.Additionally, the sector is suffering from inflationary pressure, higher wages and currency fluctuations. Supply-chain disruptions due to an acute shortage of chips and several other components are affecting the profitability of the companies in the space.The aforementioned challenges are likely to persist in the near term, thereby negatively impacting the overall financial performances of the majority of tech stocks. We believe that investing in high-quality dividend-paying tech stocks like — Broadcom AVGO, Analog Devices ADI, NetApp NTAP and Amdocs Limited DOX— amid the ongoing macroeconomic headwinds and the highly volatile market scenario might fetch handsome returns.A stock with a history of increasing dividends is considered healthy and offers a capital appreciation opportunity irrespective of stock market movements. Dividend growth stocks generally act as a hedge against economic uncertainty and offer downside protection with a consistent increase in payouts.Watch These Dividend-Paying Tech StocksWe ran the Zacks Stocks Screener to identify stocks that have a dividend yield in excess of 2% with five-year historical dividend growth of more than 0.1%. Furthermore, we have narrowed down our search by considering stocks with a Zacks Rank #3 (Hold) and a dividend payout ratio of less than 60%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Let’s discuss the abovementioned tech stocks in detail:Broadcom is a premier designer, developer and global supplier of a broad range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor (CMOS) based devices and analog III-V based products.Broadcom is benefiting from strong demand for its networking solutions, PON fiber and cable modems. The strong adoption of Broadcom’s server storage solutions by hyperscalers, an acceleration in 5G deployment, production ramp-up and an increase in radio frequency content are driving top-line growth. Additionally, the robust adoption of Wi-Fi 6 and Wi-Fi 6E for access gateways, courtesy of solid demand from homes, enterprises, telcos and other service providers, is expected to continue driving revenue growth in the broadband end market.The stock has a dividend yield of 3.53% and a five-year historical dividend growth of 30.3%. Further, AVGO's payout ratio is 51% of earnings at present. Check Broadcom’s dividend history here.Broadcom Inc. Dividend Yield (TTM) Broadcom Inc. dividend-yield-ttm | Broadcom Inc. QuoteAnalog Devices is an original equipment manufacturer of semiconductor devices, specifically, analog, mixed-signal and digital signal processing integrated circuits.Analog Devices is riding on the strength across consumer, communications, industrial and automotive markets. Solid demand for high-performance analog as well as mixed-signal solutions is a tailwind. Strong momentum across electric vehicle space on the back of its robust Battery Management System solutions is anticipated to drive growth in the long run.The company has a dividend yield of 2.14% and a five-year annualized dividend growth of approximately 12%. Its dividend payout ratio is 35% of earnings. Check Analog Devices’ dividend history here.Analog Devices, Inc. Dividend Yield (TTM) Analog Devices, Inc. dividend-yield-ttm | Analog Devices, Inc. QuoteNetApp provides enterprise storage as well as data management software and hardware products and services. The Sunnyvale, CA-based company’s product line comprises two storage platforms — the FAS storage platform and the E-Series platform. The company’s all-flash storage portfolio comprises NVMe-based storage systems and new cloud-based services in order to provide hybrid storage architecture.NetApp is benefiting from continued strength in Hybrid Cloud and Public Cloud segments and robust billings growth. The company is well positioned to gain from data-driven digital and cloud transformations. Also, it is gaining from the higher clout of FAS hybrid arrays and storage systems portfolio. The rapid adoption of Azure NetApp Files, Amazon Web Services FSx for ONTAP and Google CVS is a tailwind. Recent collaborations with Kyndryl, NVIDIA and Alluxio bode well.NTAP has a dividend yield of 3.2% and a five-year annualized dividend growth of 21.4%. Also, the company's payout ratio is 45% of earnings at present. Check NetApp’s dividend history here.NetApp, Inc. Dividend Yield (TTM) NetApp, Inc. dividend-yield-ttm | NetApp, Inc. QuoteAmdocs is one of the leading providers of customer care, billing and order management systems for communications and Internet services. The company offers amdocsONE, a line of services designed for various stages of a service provider's lifecycle. Moreover, it provides advertising and media services for media publishers, TV networks, video streaming providers, advertising agencies and service providers.Amdocs is benefiting from its recurring revenue business model. Customer additions and solid demand for managed services are primary growth drivers. The company’s growth momentum is expected to continue due to its initiatives to aid digital, media, network and cloud transformations of its clients. The acquisition of Openet has rapidly expanded its footprint in 5G cellular networks. Its solutions have been selected by the likes of AT&T and T-Mobile to bolster their 5G footprint.The stock has a dividend yield of 2.01% and a five-year historical dividend growth of 13.1%. Further, DOX's payout ratio is 33% of earnings at present. Check Amdocs’ dividend history here.Amdocs Limited Dividend Yield (TTM) Amdocs Limited dividend-yield-ttm | Amdocs Limited Quote FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI): Free Stock Analysis Report NetApp, Inc. (NTAP): Free Stock Analysis Report Amdocs Limited (DOX): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 29th, 2022

Want to Tap Metaverse Boom? Stocks & ETFs to Play

The Metaverse is a shared virtual 3D world, or worlds, that are interactive and collaborative. Bloomberg Intelligence expects the market opportunity for the metaverse to reach $800 billion by 2024 from $500 billion in 2020. The Metaverse is a shared virtual 3D world, or worlds, that are interactive and collaborative. It is facilitated by the use of virtual and augmented reality. The concept became extremely popular in 2021 particularly since Facebook rebranded itself as Meta Platforms.With more and more companies from various industries joining the Meta bandwagon, it is clear that Metaverse will dictate the next generation of internet sooner or later. It offers a significant investment opportunity in the coming years.Bloomberg Intelligence expects the market opportunity for the metaverse to reach $800 billion by 2024 from $500 billion in 2020, based on its analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may top $400 billion in 2024 while the remaining business will come from live entertainment and social media. Gaming, AR, VR create $413 billion primary market of Metaverse, per Bloomberg.Per an article published on grandviewresearch.com, the global metaverse market size was estimated at $38.85 billion in 2021. It is expected to increase at a compound annual growth rate (CAGR) of 39.4% from 2022 to 2030. According to industry experts, the metaverse is expected to permeate a host of industries in several ways in the coming years, with the potential market opportunity or the total addressable market estimated at more than $1 trillion in yearly revenues.Against this backdrop, below we highlight a few stocks and ETFs those are gearing up to capitalize on the metaverse boom. These stocks are all not pure-play tech stocks. So, investors who fear rising rate worries being a drag on the tech investing right now, may like those other industry plays.Stocks in FocusUnity Software UZacks Rank #3 (Hold) Unity Software provides platform for creating and operating interactive, real-time 3D content. The company platform provides set of software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles and augmented and virtual reality devices. Analysts expect 19.31% revenue growth in 2022 and 26.51% top-line growth in 2023.Walmart WMTRetail giant Walmart is entering the metaverse with two experiences, Walmart Land and Walmart’s Universe of Play, in gaming platform Roblox. The retailer is experimenting with other ways to reach shoppers, including shoppable recipes, livestreaming events and an augmented reality feature for furniture, per a CNBC article. Zacks Rank #3 Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs, per a CNBC article.Apple AAPLThough Zacks Rank #3 (Hold) Apple is not quite into Metaverse, investors can bet on Apple’s augmented-reality ambitions.ETFs in FocusRoundhill Ball Metaverse ETF METVThe underlying Ball Metaverse Index seeks to track the performance of globally-listed equity securities of companies that engage in activities or provide products, services, technologies, or technological capabilities to enable the Metaverse, and benefit from its generated revenues. META charges 59 bps in fees.Amplify Transformational Data Sharing ETF BLOKSince blockchain is the basic technology of Metaverse, BLOK is sure to gain. The Amplify Transformational Data Sharing ETF is an actively managed ETF that seeks to provide total return by investing at least 80% of its net assets in the equity securities of companies actively involved in the development and utilization of transformational data sharing technologies. The ETF BLOK charges 71 bps in fees.Global X Data Center REITs & Digital Infrastructure ETF VPNMetaverse’s reliance on data centres makes the ETF VPN a lucrative bet. The boom in Metaverse will eventually upgrade the digital infrastructure incredibly. The underlying Solactive Data Center REITs & Digital Infrastructure Index seeks to provide exposure to companies that have business operations in the fields of data centers, cellular towers and digital infrastructure hardware. VPN charges 50 bps in fees. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Walmart Inc. (WMT): Free Stock Analysis Report Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports Unity Software Inc. (U): Free Stock Analysis Report Global X Data Center REITs & Digital Infrastructure ETF (VPN): ETF Research Reports Roundhill Ball Metaverse ETF (METV): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 28th, 2022

Luxury Expert Reveals The Top 10 Most Popular Second-Hand Designer Brands In The US

Gucci is the most popular second-hand designer brand, with 23,939 items sold in the US in the last 90 days Ray-Ban is the second most popular second-hand designer brand to purchase online with 19,699 items sold in the US Gucci is also the most popular vintage brand to be bought online, with 2,317 items sold […] Gucci is the most popular second-hand designer brand, with 23,939 items sold in the US in the last 90 days Ray-Ban is the second most popular second-hand designer brand to purchase online with 19,699 items sold in the US Gucci is also the most popular vintage brand to be bought online, with 2,317 items sold in the US In 2021, the global market value of second-hand and resale apparel was estimated to be worth $96 billion. By 2026 this is estimated to rise to $218 billion. The shift from fast fashion to a more sustainable means of purchasing clothes and accessories has become evident from this increasing trend. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get Our Activist Investing Case Study! Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below! (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q2 2022 hedge fund letters, conferences and more   The Top 10 Most Popular Second-Hand Designer Brands With this in mind, luxury watch experts at Chrono24 have analyzed purchase history data from the last 90 days on eBay to reveal the top ten most popular second-hand designer brands. Each brand mentioned in this study is part of the 50 most valuable luxury & premium brands in 2021, according to the Brand Directory. The list of 50 brands was individually imputed into an eBay search while applying the relevant filters; sold items, second-hand or used items, and they had to be sold in the US. This data was then filtered into vintage items sold to rank the top ten vintage designer brands sold on eBay. Gucci Gucci sits in the top spot as the most popular second-hand designer brand to be purchased online, with 23,939 used items having been sold in the US over the past 90 days. Once the search had been filtered into vintage items (items older than 20 years); Gucci once again ranked in the top spot. In fact, the most expensive second-hand Gucci item sold on eBay was also a vintage item, a $3,000vintage embroidered Gucci bag. Ray-Ban Ray-Ban is the second most popular designer brand to buy second-hand in the US, with 19,699 items sold in the last 90 days. The most expensive item was a pair of limited-edition white gold Ultra Wayfarer sunglasses sold at $2,250, whilst the cheapest item was sold for $3.25. Louis Vuitton Louis Vuitton takes third place with 18,071 used items sold over the past 90 days on eBay. The most expensive item sold was a $6,435 monogramed blue and green Taurillon Illusion Keepall Bandouliere 50 bag. The cheapest Louis Vuitton item sold second-hand was a $17.25 monogram canvas leather wallet. Burberry Burberry is the fourth most popular designer brand to buy second-hand on eBay, with 11,981 items sold over the past 90 days in the US. The most expensive item sold was a $2,489 Thalia sequin dress, whilst the cheapest item was a Burberry kids trench coat for $1.04. Tiffany & Co. Tiffany & Co. comes in fifth place with 11,748 used items sold in the US. The most expensive piece of jewelry listed on the platform was a $5,995 Tiffany bracelet in 18-carat yellow gold and encrusted with 45 red rubies. In contrast, the cheapest item sold was a sterling silver heart pendant with no chain; this sold for $24.50. Rolex Rolex is the only watch brand to make it into the top ten rankings. Rolex is the sixth most popular designer brand to be bought second-hand online with 11,417 sales on eBay. The most expensive item sold in the last 90 days was a Rolex Artisian de Geneva Daytona Cosmograph which was listed for $69,950, the watch sold for an unknown price in the form of a ‘best offer’. Rolex came in second place for the most popular vintage item to be sold on eBay, with 1,179 pieces sold over the past 90 days. The most expensive vintage Rolex to sell on the site was a $45,000 1675 GMT Master Gilt Gloss Pointed Crown Guard with the original box, papers, and tags. The watch was sold in very good condition, especially given its age; it was originally purchased in1962 and kept safe by a retired military pilot. Prada Prada comes in seventh place as most popular second-hand designer brand with 8,363 items sold over the past 90 days. The most expensive item listed was a small Saffiano Cuir Leather double bag priced at $2,295. The cheapest item sold was a pair of tan leather mules which sold for $19.99. Chanel Chanel takes eighth place with 7,420 second-hand pieces sold. The most expensive item sold was a $15,000 classic Chanel double flap bag finished with quilted black caviar and silver hardware. The cheapest item sold was a nylon and leather Chanel shoulder bag that sold for $76.00. Salvatore Ferragamo In ninth place is Salvatore Ferragamo whose shoes and accessories have sold 7,288 times on eBay over the last 90 days. The most expensive item sold was a studio satchel knotted woven leather bag for $1,171, whereas the cheapest item was a pair of black suede pumps that sold for just $0.99. Armani Armani takes tenth place with 7,175 sold items on eBay in the past 90 days. The most expensive second-hand piece to be sold was a 2011 shearling coat for $799.00. The cheapest item sold was a black vest top coming in at $7.20. A representative from Chrono24 commented on the study: “It is interesting to see the price variations between the highest and lowest price items sold, this demonstrates just how much more accessible designer brands can be when buying second-hand. Those who wish to enter into the luxurious world of designer brands might consider shopping second-hand as a cheaper and more sustainable choice. It is refreshing to see so many used items essentially being recycled to a new home As for watch brands in the study, Rolex, Omega and Longines all made it into the top ten most popular vintage designer brands. While you can get a great deal on eBay when it comes to purchasing second-hand when it comes to purchasing a watch as an investment, the experts at Chrono24 are your best bet as they are on top of the latest trends, and they have a high percentage of listings that are inclusive of the original box and paperwork.” The study was conducted by Chrono24 who provide easy, safe and reliable market access to all watch enthusiasts. Top 10 Most Popular Second-hand Designer Brands Rank Brand Type of item No. of items sold US 1 Gucci Apparel 23,939 2 Ray-Ban Accessories 19,699 3 Louis Vuitton Apparel 18,071 4 Burberry Apparel 11,981 5 Tiffany & Co. Jewelry 11,748 6 Rolex Watches 11,417 7 Prada Apparel 8,363 8 Chanel Apparel 7,420 9 Salvatore Ferragamo Apparel 7,288 10 Armani Apparel 7,175 Top 10 Most Popular Vintage Designer Brands Rank Brand Type of item No. of Vintage items sold US 1 Gucci Apparel 2,317 2 Rolex Watches 1,179 3 Omega Watches 1,164 4 Louis Vuitton Apparel 818 5 Ray-Ban Accessories 667 6 Prada Apparel 658 7 Longines Watches 565 8 Yves Saint Laurent Apparel 510 9 Hermes Apparel 441 10 Chanel Apparel 346.....»»

Category: blogSource: valuewalkSep 28th, 2022

Ericsson (ERIC) to Boost 5G Capabilities in American Samoa

Ericsson (ERIC) radio solutions will enable Bluesky to offer high-speed 5G capabilities in American Samoa to help bridge the digital divide. Ericsson ERIC recently inked a contract with Bluesky Communications for an undisclosed amount to bring 5G network connectivity to the United States Territory of American Samoa. The deal is in sync with President Biden’s initiative to offer broadband access to all Americans by enabling carriers to expand and improve network coverage in areas that lack high-quality Internet service.Operating since 1999, Bluesky is a leading telecommunications and network service provider of mobile, cable TV and broadband connectivity in American Samoa. This premier wireless services provider currently aims to leverage Ericsson Radio Access Network (RAN) solutions for improved 5G connectivity in the region.Ericsson radio solutions will enable Bluesky to offer high-speed 5G capabilities to help bridge the digital divide. This, in turn, will likely ensure low latency and high bandwidth services for superfast data transfer. The deployment of the network equipment is likely to commence later this year.Ericsson Radio System comprises hardware, software and services for radio, RAN Compute, antenna system, transport, power and site solutions. It enables smooth and cost-effective migration from 4G to 5G, aiding communication service providers to launch the avant-garde technology and grow 5G coverage fast. The company’s 5G radio access technologies provide the infrastructure required to meet the growing demand for high-bandwidth connections and support real-time, high-reliability communication requirements of mission-critical applications.The company is focusing on 5G system development and has undertaken many notable endeavors to position itself as a market leader. It believes that the standardization of 5G is the cornerstone for digitizing industries and broadband. Ericsson expects mainstream 4G offerings to give way to 5G technology in the future.The deployment of 5G networks is expected to boost the adoption of IoT devices, with technologies like network slicing gaining more prominence. Ericsson currently has 130 live 5G networks across the globe spanning 56 countries.The stock has lost 48.9% over the past year compared with the industry’s decline of 16.6%. Ericsson currently carries a Zacks Rank #4 (Sell).Image Source: Zacks Investment ResearchA better-ranked stock in the industry is Clearfield, Inc. CLFD, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Clearfield delivered an earnings surprise of 33.9%, on average, in the trailing four quarters. Earnings estimates for the company’s current year have moved up 101.9% since September 2021. Over the past year, Clearfield has gained a solid 97.5%.Aviat Networks, Inc. AVNW carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for its current-year earnings has been revised 13.8% upward since September 2021.Aviat Networks pulled off a trailing four-quarter earnings surprise of 15.9%, on average. It has soared 168.1% in the past two years.Qualcomm Incorporated QCOM, carrying a Zacks Rank #2, is another solid pick for investors. It has a long-term earnings growth expectation of 15.8% and delivered an earnings surprise of 8.5%, on average, in the trailing four quarters.Earnings estimates for the current year for the stock have moved up 30% over the past year. Qualcomm is likely to benefit in the long run from solid 5G traction and a surge in demand for essential products that are the building blocks for digital transformation in the cloud economy. Just Released: Zacks Unveils the Top 5 EV Stocks for 2022 For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.>>Send me my free report revealing the top 5 EV stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Ericsson (ERIC): Free Stock Analysis Report Aviat Networks, Inc. (AVNW): Free Stock Analysis Report Clearfield, Inc. (CLFD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 27th, 2022

PerkinElmer"s (PKI) New Benchtop Platform to Boost Workflows

PerkinElmer's (PKI) latest launch is expected to enable researchers to multiplex and perform immunophenotyping and viability assays in a lesser time with a simplified user interface. PerkinElmer, Inc. PKI recently launched a unique benchtop platform, Cellaca PLX Image Cytometry System. The system is expected to enable researchers to evaluate multiple Critical Quality Attributes (CQAs) of cell samples in a single automated workflow, including cell identity, quality and quantity.The innovative Cellaca PLX system has been designed by PerkinElmer’s Nexcelom unit and combines superior image cytometer hardware, software, validated consumables and trackable data reporting all in one system without needing further adjustments. Optimized reagent kits with validated antibodies from PerkinElmer’s BioLegend business are also part of the proprietary solution to further streamline the customer experience.The latest launch will likely enable PerkinElmer to significantly strengthen its Life Sciences business unit in the broader Discovery & Analytical Solutions segment.Significance of the LaunchThe latest offering is expected to provide researchers with expanded cell sample CQA analysis options beyond flow cytometry and staining methods. This compares to historical approaches, which have required a variety of different instruments and analytical methods. By combining these capabilities, researchers will now be able to detect multiple markers simultaneously (multiplexing) and perform immunophenotyping and viability assays in a few seconds with an easy-to-use and modern user interface.Per the management, despite pharmaceutical companies investing heavily in cell and gene therapy, they struggle to evaluate the complex cell samples needed to meet huge scientific demands and regulatory rigor across their research and manufacturing processes. The management believes that although the Cellaca PLX Image Cytometer platform is therapeutic area agnostic, it is expected to be especially beneficial for researchers working in CAR-T cell therapy who want to streamline their phenotyping of immune cells for downstream processes.Industry ProspectsPer a report by Research and Markets published on GlobeNewswire, the global cell and gene therapy market is expected to grow from $6.58 billion in 2021 to $21.33 billion in 2026 at a CAGR of 25.6%. Factors like increasing incidences of rare and chronic diseases, advancements in cell and gene therapy, and a rising number of clinical trials are likely to drive the market.Given the market potential, the latest launch is expected to significantly strengthen PerkinElmer’s global business.Recent DevelopmentsThis month, PerkinElmer’s Oxford Immunotec recently announced that the FDA had approved the use of the T-Cell Select reagent kit to automate its T-SPOT.TB test workflow for in-vitro diagnostic (IVD) use by certified laboratories.Last month, PerkinElmer announced its second-quarter 2022 results, registering a solid non-COVID organic growth. During the reported quarter, the company entered into an agreement to divest its Applied, Food and Enterprise Services businesses to New Mountain Capital. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close in the first quarter of 2023.In July, PerkinElmer announced that a placental growth factor (PlGF) measurement using its DELFIA Xpress PlGF 1-2-3TM kit (CE-IVD) and a soluble fms-like tyrosine kinase 1 (sFlt-1)/PlGF ratio using its DELFIA Xpress sFlt-1 kit (CE-IVD), have been included in an updated diagnostic guidance issued by the UK’s National Institute for Health and Care Excellence to help diagnose suspected preterm pre-eclampsia.Price PerformanceShares of the company have lost 30.6% in the past year compared with the industry’s 28.4% decline and the S&P 500's 17.1% fall.Image Source: Zacks Investment ResearchZacks Rank & Key PicksCurrently, PerkinElmer carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader medical space are AMN Healthcare Services, Inc. AMN, ShockWave Medical, Inc. SWAV and McKesson Corporation MCK.AMN Healthcare, flaunting a Zacks Rank #1 (Strong Buy) at present, has an estimated long-term growth rate of 3.2%. AMN’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average beat being 15.7%.You can see the complete list of today’s Zacks #1 Rank stocks here.AMN Healthcare has lost 7.5% compared with the industry’s 39.5% fall in the past year.ShockWave Medical, sporting a Zacks Rank #1 at present, has an estimated growth rate of 33.1% for 2023. SWAV’s earnings surpassed estimates in all the trailing four quarters, the average beat being 180.1%.ShockWave Medical has gained 21.8% against the industry’s 35.1% fall over the past year.McKesson, carrying a Zacks Rank #2 (Buy) at present, has an estimated long-term growth rate of 10.1%. MCK’s earnings surpassed estimates in three of the trailing four quarters and missed the same in one, the average beat being 13%.McKesson has gained 69.3% against the industry’s 17.9% fall over the past year. Just Released: Zacks Unveils the Top 5 EV Stocks for 2022 For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.>>Send me my free report revealing the top 5 EV stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report McKesson Corporation (MCK): Free Stock Analysis Report PerkinElmer, Inc. (PKI): Free Stock Analysis Report AMN Healthcare Services Inc (AMN): Free Stock Analysis Report ShockWave Medical, Inc. (SWAV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 27th, 2022

Microsoft"s former VP of HR shares the types of employees who are most likely to be laid off

Microsoft's former VP of HR told Insider the three types of employees who are most likely to be let go during hard times — and who's safest. Happy Monday, readers. Today marks the last week of September, so I have some critical news for you: You only have a few more days to watch some of your favorite shows before they disappear from Netflix. For me, this means I'll be binging "Schitt's Creek" before it vanishes and I inevitably slip into a deep sadness. Here's everything else you'll need to watch before it's gone.I'm your host, Jordan Parker Erb. We've got a lot more to talk about today, so let's dive in.If this was forwarded to you, sign up here. Download Insider's app here.Compassionate Eye Foundation/Martin Barraud/OJO Images Ltd / Getty Images1. Who's most at risk during layoffs? Insider sat down with Chris Williams, Microsoft's former vice president of human resources, who shared the three types of workers who are most vulnerable during layoffs — and those who are safest.Event planning or benefits employees: Activities that are considered luxuries, like generous benefits and perks, are some of the first things that companies cut when times get tight — and people who provide such services are at a higher risk of layoffs. Employees working on new initiatives: If the company recently decided to explore new lines of business or expand into new territories, these kinds of new initiatives are tenuous places to work, as they're often the first ones cut.Contract workers: At the highest risk are contract employees, which companies use for this very contingency. They want to remain flexible in case of a downturn, and as such, contract employees are usually the first ones out.Read Williams' advice and see who's safest here.In other news:Mark Zuckerberg (left) and Elon Musk.Kevin Dietsch/Michael Gonzalez/Getty Images2. The man who tracks Elon Musk and Mark Zuckerberg's private jets said Facebook took down his page. 20-year-old Jack Sweeney, known for tracking Musk's jet, said Facebook removed his page because it violates the social media company's terms. Get the full rundown here.3. Nike is racing to replicate Amazon's delivery speed. Amazon has gotten consumers accustomed to two-day deliveries — and now, Nike wants to catch up by connecting its complex network of stores, warehouses, and tech. Here's how Nike is working to compete on delivery speed.4. Apple's "Dynamic Island" is now available for Android phones. Thanks to an Android developer, the iPhone 14 Pro's biggest new feature, the Dynamic Island, is now available for Android users through a copycat version on Google Play. What to know about the feature.5. Hollywood streamers' typical fall "hiring boom" is much quieter this year. Recruiters and job-seeking execs said the job market has been uncharacteristically slow for streamers — but some positions, like data and tech jobs, are still hot. See where the jobs are now and when hiring will pick up again.6. Scammers are using stolen credit card data to set up fake websites that charge a small monthly fee that you may never notice. For years, the scam has been charging victims for subscription fees for generic-sounding services. The fees are small enough to go undetected by victims — here's how to protect yourself.7. Special interest groups representing Big Tech companies oppose possible crypto regulation in California. Cryptocurrency companies may soon be required to get a license to operate in the state, and industry groups representing Amazon, Apple, Meta, and other tech companies wrote to the state assembly opposing the law. A look at what that means.8. Meet Netflix's head of accessibility. In an interview with Insider, Heather Dowdy described growing up with deaf parents, and how her experience shaped her job at Netflix, where she's tasked with making the platform more accessible to people with disabilities. Read more from our interview with Dowdy.Odds and ends:A Vivos shelterCourtesy of Vivos9. Tech billionaires are buying luxury bunkers to prep for doomsday. According to a new book, some of the world's wealthiest people are buying bunkers — some of which have movie theaters, gardens, and wine vaults — in preparation for the collapse of society. See some of the shelters here.10. The Samsung Galaxy Z Flip 4 is the best foldable phone you can buy — but that doesn't mean you should. In a review of the phone, Insider's reporter found there's a lot to love about the new foldable phone, but there are a number of drawbacks, including its short battery life and usability challenges. Read the full review.What we're watching today:Elon Musk is scheduled to begin two days of depositions ahead of his Twitter Court hearing next month.Codex is hosting the World's Top 50 Innovators 2022.NDC Oslo 2022, a conference for software developers, kicks off today.Cybersecurity and cloud conference SECtember 2022 starts today in Bellevue, Washington.Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) Edited by Hallam Bullock (tweet @hallam_bullock) in London.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderSep 26th, 2022

One One Eight Launches in East Village!

Encompassing the 8th and 9th levels and the mezzanine, One One Eight PH is a 3,082 sq. ft three-bedroom, 3 bath residence that represents the very latest in both contemporary chic and sustainable building. Ringed with terraces and balconies and topped with a stunning roof-spanning deck, this luxurious and meticulously... The post One One Eight Launches in East Village! appeared first on Real Estate Weekly. Encompassing the 8th and 9th levels and the mezzanine, One One Eight PH is a 3,082 sq. ft three-bedroom, 3 bath residence that represents the very latest in both contemporary chic and sustainable building. Ringed with terraces and balconies and topped with a stunning roof-spanning deck, this luxurious and meticulously planned triplex is perfect for city dwellers who love an urban tempo but crave an indoors-outdoors balance. Direct keyed elevator access opens into a foyer, beyond which lies a sun-drenched terrace with a boxwood hedge. Boasting 15′ ceilings, the dining area and living room are ideal for entertaining and relaxing, with the latter featuring an additional airy 66 sq. ft. balcony and a ventless fireplace with Tundra Gray stone mantel and surround. The gourmet kitchen is a masterful combination of efficiency and culinary technology with sleek Miele appliances, a chef’s 36″ Bertazzoni induction range and hood, Artemis White marble countertops and backsplash, a dual-zone French door wine refrigerator, Bosch drawer microwave and concealed trash bins, all surrounded by European Oak cabinetry by Alta Cucine. The half-floor primary bedroom suite includes room for seating, exercising or an office, a Juliet balcony with an irrigated hanging garden, roomy walk-in closet and a jewel-box en-suite bath with customized dual vanity, Siberian and Woodgrain marble walls, herringbone flooring, Italian fixtures by New Form in brushed stainless steel and a handcrafted bathtub by Wetstyle. Two further spacious bedrooms, one with courtyard balcony, offer Italian wardrobes by Alta with white lacquered doors, contrasting all-wood interiors and LED lighting. A second full bath boasts elegant finishes and fixtures by New Form and Kohler. Both baths have Toto toilet fixtures and Aquadom medicine cabinets with integrated dimmable LED lighting, clock, USB outlet and defogger. On the third level a large space overlooks the living and dining areas: currently configured as a media room, it could also serve as a gym or home office. Sprawling over 1194′ sq. ft., the crowning roof garden includes a kitchen with an electric BBQ range and wet bar for gatherings as well as irrigation for a lap pool or jacuzzi. Stunning views day and night include the Empire State and Chrysler Buildings. Plantings of potted juniper and hydrangeas are served by automatic Hunter Node battery-operated irrigation systems with drip irrigation lines in all planters.  Custom Italian white oak doors by GD Dorigo with Italian Columbo Design hardware; walls are adorned with flexible lighting and recessed oak baseboards; 6″ European white oak floors appear throughout; 10′ ceilings on the lower level, third full bath with shower, dedicated laundry closet with vented Samsung washer and dryer and storage space round out the apartment. Beneath its striking fa ade of Jet Mist granite, One One Eight incorporates numerous green materials and practices, including energy-efficient German windows by Schuco, interior and exterior insulation and continuous fresh-filtered air through MERV-13 air filters with energy-saving heat exchange. Akuvox R295 virtual doorman services provide touch-screen video doorman support and security. Surrounded by the famously bohemian cafes, restaurants and night-spots of the East Village, including such standbys as Katz’s Deli, Lucien, Russ & Daughters, Dirty French and Prune, the building literally overlooks the historic streets of the LES, where cultural centers such as The New Museum and the International Museum of Photography, art galleries and emporiums hum with creative energy. Equinox is across the street, Whole Foods a block away. Near the F/M/J/Z trains, the Penthouse at One One Eight is a chance to stake a claim at the center of things.  The post One One Eight Launches in East Village! appeared first on Real Estate Weekly......»»

Category: realestateSource: realestateweeklySep 24th, 2022

4 Oversold Technology Stocks to Buy Amid Market Uncertainties

Investors may consider adding beaten-down tech stocks like ZS, PSTG, COUP and RNG to their portfolio amid the currently volatile market environment and gain from their upside potential. Technology has been among the most-battered sectors amid a broader market sell-off this year so far on growing fears of an impending negative turn in the economy. Technology Select Sector SPDR Fund, which seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the Technology Select Sector Index, has lost approximately 28% of its value year to date (YTD).However, this sell-off in the broader equity market has led to a massive correction in several technology companies’ stock prices. These companies were considered to be widely overvalued at the sector’s peak in 2021. With this correction, several tech stocks are currently trading way below their 52-week high, despite their strong fundamentals.In addition, the long-term growth prospects of tech companies look promising owing to the continued digital transformations. The accelerated deployment of 5G technology — the next-generation wireless revolution — is likely to spur further growth. Apart from this, artificial intelligence (AI), blockchain, Internet of Things (IoT), autonomous vehicles, Augmented Reality/Virtual Reality and wearables offer significant growth opportunities.In our opinion, Zscaler, Inc. ZS, Pure Storage, Inc. PSTG, Coupa Software Incorporated COUP and RingCentral, Inc. RNG are among the most beaten-down stocks in the technology space currently. Given the strength of their fundamentals and solid prospects, it seems wise to add these stocks to your portfolio.Why Should You Invest in These Stocks?Amid the financial instability, it is a prudent idea to pick solid growth companies as these are financially stable, accruing profits in established markets. These stocks, with their solid fundamentals, allow investors to hedge their funds from any economic downturn. Moreover, these fundamentally strong stocks are likely to outshine again once the current macro headwinds subside and market sentiments improve.Apart from having solid fundamentals, the long-term earnings growth rate for the aforementioned stocks is more than 10%. These stocks also have a favorable combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or #2 (Buy).Per Zacks’ proprietary methodology, stocks with such a favorable combination offer solid investment opportunities.Additionally, these stocks are currently trading way below their 52-week high and are now available at attractive valuations.4 Tech Stocks to Bet OnPure Storage provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers. The company is the pioneer of the Evergreen Storage business model of hardware and software innovation, support and maintenance. The model eliminates the 3–5 year forklift refresh cycle of legacy storage systems.Pure Storage is benefiting from the rapidly increasing adoption of flash storage, particularly across enterprises, due to inherent advantages of speed (i.e., responsiveness), portability, efficiency and reliability over legacy storage systems. The ongoing data explosion has become a major driver for flash storage systems. Strength in FlashArray and FlashBlade businesses as well as strong growth prospects in the data-driven markets of AI and machine learning bode well.PSTG currently sports a Zacks Rank #1 and has a Growth Score of A. Shares of the company have plunged 17.8% YTD and are currently trading 27.8% lower than its 52-week high of $36.71 attained on Mar 28, 2022. Moreover, the stock trades at a one-year forward price-to-sales of 2.6X compared with its three-year high of 4.27X. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Pure Storage’s fiscal 2023 earnings has improved to $1.18 per share from 95 cents over the past 30 days, implying a year-over-year increase of 63.9%. For fiscal 2024, the consensus mark for earnings has been revised upward by 20.7% to $1.34 per share over the past 30 days, indicating year-over-year growth of 13.1%. The long-term earnings growth rate for the stock is pegged at 35.5%.Pure Storage, Inc. Price and Consensus Pure Storage, Inc. price-consensus-chart | Pure Storage, Inc. QuoteZscaler is one of the world’s leading providers of cloud-based security solutions. It offers a full range of enterprise network security services, including web security, Internet security, antivirus, vulnerability management, firewalls, and control over user activity in mobile, cloud computing, and IoT environments.Zscaler is benefiting from the rising demand for cyber-security solutions owing to the slew of data breaches. The increasing demand for privileged access security on digital transformation and cloud-migration strategies is a key growth driver. Zscaler’s portfolio strength boosts its competitive edge and helps add users. Also, the recent acquisitions of Smokescreen and Trustdome are expected to enhance its portfolio.ZS currently carries a Zacks Rank #2 and has a Growth Score of A. Shares of the company have plunged 49.5% YTD and are currently trading 56.8% lower than its 52-week high of $376.11 attained on Nov 19, 2021. Moreover, the stock trades at a one-year forward price-to-sales of 14.82X compared with its three-year high of    51.19X.The Zacks Consensus Estimate for Zscaler’s fiscal 2023 earnings has improved to $1.17 per share from $1.03 over the past 30 days, indicating a year-over-year increase of 69.8%. For fiscal 2024, the consensus mark for earnings has been revised upward by seven cents to $1.67 per share over the past 30 days, suggesting year-over-year growth of 43%. The long-term earnings growth rate for the stock is pegged at 45.1%.Zscaler, Inc. Price and Consensus Zscaler, Inc. price-consensus-chart | Zscaler, Inc. QuoteCoupa Software is one of the leading providers of Business Spend Management (BSM) solutions. The company is evolving its cloud-based platform on the back of continuous product innovations to offer customers increased spending visibility, aid them in mitigating supply chain risk, and increase business agility to adapt to changes in spending trends.Coupa Software is benefiting from the robust adoption of Coupa Pay offerings and cloud-based BSM solutions. Momentum in Coupa Advantage Express, Strategic Sourcing, Risk Assess and Source Together solutions is likely to boost revenues. During its recently reported second-quarter results, the company increased revenue guidance for fiscal 2023 on solid demand trends.COUP currently carries a Zacks Rank #2 and has a Growth Score of B. Shares of the company have plunged 60.7% YTD and are currently trading76.1% lower than its 52-week high of $259.90 attained on Oct 20, 2021. Moreover, the stock trades at a one-year forward price-to-sales of 5X compared with its three-year high of 46.82X.The Zacks Consensus Estimate for Coupa Software’s fiscal 2023 earnings has improved 76% to 44 cents per share over the past 30 days. For fiscal 2024, the consensus mark for earnings has been revised upward by 14 cents to 71 cents per share over the past 30 days, indicating year-over-year growth of 62.1%. The long-term earnings growth rate for the stock is pegged at 22.6%.Coupa Software, Inc. Price and Consensus Coupa Software, Inc. price-consensus-chart | Coupa Software, Inc. QuoteRingCentral is a leading provider of Unified Communications as a Service (UCaaS) solutions, including global enterprise cloud communications, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect. The company’s cloud-based business communications and collaboration solutions are designed to provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones. This makes remote working and collaboration easy.RingCentral has been benefiting from strong subscription revenue growth owing to the improvement in the hybrid work environment due to the COVID-19 pandemic. Its increasing international presence is a key catalyst. A strong partner base that includes the likes of Microsoft, AT&T, BT, Atos and Vodafone is expected to act as a major catalyst.RNG currently carries a Zacks Rank #2 and has a Growth Score of A. Shares of the company have plunged 77.8% YTD and are currently trading 86.8% lower than its 52-week high of $315 attained on Nov 10, 2021. Moreover, the stock trades at a one-year forward price-to-sales of 1.71X compared with its three-year high of 27.24X.The Zacks Consensus Estimate for RingCentral’s 2022 earnings has improved by seven cents to $1.93 per share over the past 60 days, implying a year-over-year increase of 44%. For 2023, the consensus mark for earnings has been revised upward by a penny to $2.51 per share over the past 30 days, indicating year-over-year growth of 29.8%. The long-term earnings growth rate for the stock is pegged at 34.7%.Ringcentral, Inc. Price and Consensus Ringcentral, Inc. price-consensus-chart | Ringcentral, Inc. Quote Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coupa Software, Inc. (COUP): Free Stock Analysis Report Ringcentral, Inc. (RNG): Free Stock Analysis Report Pure Storage, Inc. (PSTG): Free Stock Analysis Report Zscaler, Inc. (ZS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 23rd, 2022

Keysight (KEYS) Collaborates With Jiyun for EV Transition

Keysight's (KEYS) collaboration with Jiyun is likely to facilitate the development of effective battery solutions for wide-scale usage of EVs across the globe. Keysight Technologies, Inc. KEYS recently announced that it has collaborated with Jiyun Technologies as part of its concerted efforts to shift to e-mobility for commercial vehicles. The collaboration will likely help accelerate the development and improvement of battery cells for electric vehicles (EVs) for customized battery life optimization and key actionable insights.Beijing, China-based Jiyun focuses on smart electric vehicle technology and aims to leverage Keysight’s tailored battery test system to accelerate the development and launch of EVs. The company has delivered its regenerative power supplies (RPS7900 Series), Data Acquisition System (DAQ973A), Controller Area Network Interface (CAN) Bus communication interfaces and other hardware products to Jiyun.The solutions will enable the firm to collect basic information such as battery voltage, current and thermal data, while the battery management system will help gather data and provide access to all parameters through a single software instance. These are likely to facilitate the development of effective battery solutions for wide-scale usage of EVs across the globe.Electronic devices form the very fulcrum of Internet of Things (IoT) services, wireless devices, data centers and 5G technologies. The rapid adoption of these devices is increasing the demand for electronic testing equipment. Further, technological advancements in mobile communications, semiconductors and automotive markets are likely to drive growth. Moreover, the rising demand for power management applications is a key catalyst for Keysight. Sturdy efforts toward modifying the Internet infrastructure and evolution of smart cars & autonomous-driving vehicles bode well for its future growth potential.Keysight’s efforts in emerging growth markets like IoT and high-speed data centers bode well for the top line. Particularly, management’s focus on Automotive and Energy, and Aerospace and Defense domains augurs well in the long haul. The company is expected to benefit from the growing proliferation of electronic content in vehicles, momentum in space and satellite applications and rising adoption of driver-assistance systems globally.It has lost 9.9% over the past year compared with the industry’s decline of 13.2%.Image Source: Zacks Investment ResearchKeysight sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.TESSCO Technologies Incorporated TESS, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 61.9%, on average, in the trailing four quarters. Earnings estimates for TESSCO for the current year have moved up 31% since September 2021.TESSCO offers products to the industry’s top manufacturers in mobile communications, Wi-Fi, wireless backhaul and related products. With more than three decades of experience, it delivers complete end-to-end solutions to the wireless industry.Spirent Communications plc SPMYY carries a Zacks Rank #2. Earnings estimates for the current year for the stock have moved up 10.8% since September 2021, while that for the next year is up 11.8%.Founded in 1936 and headquartered in Crawley, the United Kingdom, Spirent offers a comprehensive, end-to-end solution that validates forwarding performance, latency and functional capabilities in an integrated approach that reduces the cost of ownership. It is a leading provider of Ethernet validation solutions in the market.Harmonic Inc. HLIT, carrying a Zacks Rank #2, delivered an earnings surprise of 79.3%, on average, in the trailing four quarters. Earnings estimates for Harmonic for the current year have moved up 12.9% since February 2022.Harmonic provides video delivery software, products, system solutions and services worldwide. With more than three decades of experience, it has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit Internet service to consumers' homes and mobile devices. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the  $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.>>Show me how I could profit from the metaverse!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Harmonic Inc. (HLIT): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report Spirent Communications PLC (SPMYY): Free Stock Analysis Report Keysight Technologies Inc. (KEYS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2022

ADTRAN (ADTN) Appears a Solid Investment Bet Now: Here"s Why

ADTRAN (ADTN) is focused on being a top global supplier of Access infrastructure and related value-added solutions through a broad portfolio of flexible hardware and software network solutions. Shares of ADTRAN, Inc. ADTN have surged 77.7% over the past two years, driven by an accretive customer base and healthy revenues on the back of software innovations. Earnings estimates for the current fiscal year have increased 50% since March 2022, and the same for the next fiscal has moved up 13.4%, implying robust inherent growth potential. With healthy fundamentals, this Zacks Rank #2 (Buy) communications equipment manufacturer appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Image Source: Zacks Investment ResearchGrowth DriversADTRAN is focused on being a top global supplier of Access infrastructure and related value-added solutions from the Cloud Edge to the Subscriber Edge through a broad portfolio of flexible hardware and software network solutions. These products enable customers to transition to the fully converged, scalable, highly automated, cloud-controlled voice, data, Internet and video network of the future.The company has enabled service providers to leverage the ADTRAN Mosaic Software-Defined Access architecture that combines modern Web-scale technologies with open-source platforms to facilitate rapid innovation in multi-technology, multi-vendor environments. The Mosaic cloud platform and Mosaic OS, combined with programmable network elements, provide operators with a highly agile, open-services architecture. This allows operators to better compete with Web-scale competition by reducing the time and cost to launch new services, technologies and best-of-breed suppliers as they strive to reduce operational costs while creating and deploying differentiated product offerings.ADTRAN expects solid traction in domestic markets for ultra-broadband and Fiber-To-The-Home solutions, along with SD access and EPON solutions. Its products and services provide solutions supporting fiber- and copper-based infrastructures and a growing number of wireless and coax-based solutions, lowering the overall cost to deploy advanced services across a wide range of applications. The company also anticipates a pickup in capital spending in Tier-1, Tier-2 and regional service provider market segments with increasing 5G deployments. ADTRAN’s global leadership in software-defined access is likely to ensure a steady stream of revenues as it helps clients reduce costs and accelerate service delivery and deployment.ADTRAN’s buyout of ADVA Optical Networking SE is likely to disrupt the fiber networking market with a huge pool of complementary assets. The combined entity is expected to generate $52 million in pre-tax annual cost synergies within the first two years of operation, driven by supply chain efficiencies and optimization of resources. The entity is expected to better serve customers with scalable, secure and assured fiber connectivity along with cloud-managed Wi-Fi solutions and SaaS applications that optimize network performance. The complementary product lines will further enhance the scope of cross-selling opportunities to strengthen its regional presence and achieve a global scale of operations to create significant long-term value for stakeholders.The stock delivered an earnings surprise of 167.9%, on average, in the trailing four quarters. With a modest dividend yield of 1.9%, this stock appears to be an enticing investment option in the volatile market.Other Key PicksTESSCO Technologies Incorporated TESS, carrying a Zacks Rank #2, delivered an earnings surprise of 61.9%, on average, in the trailing four quarters. Earnings estimates for TESSCO for the current year have moved up 31% since September 2021.TESSCO offers products to the industry’s top manufacturers in mobile communications, Wi-Fi, wireless backhaul and related products. With more than three decades of experience, it delivers complete end-to-end solutions to the wireless industry.Spirent Communications plc SPMYY carries a Zacks Rank #2. Earnings estimates for the current year for the stock have moved up 10.8% since September 2021, while that for the next year is up 11.8%.Founded in 1936 and headquartered in Crawley, the United Kingdom, Spirent offers a comprehensive, end-to-end solution that validates forwarding performance, latency and functional capabilities in an integrated approach that reduces the cost of ownership. It is a leading provider of Ethernet validation solutions in the market.Harmonic Inc. HLIT, sporting a Zacks Rank #1, delivered an earnings surprise of 79.3%, on average, in the trailing four quarters. Earnings estimates for Harmonic for the current year have moved up 12.9% since February 2022.Harmonic provides video delivery software, products, system solutions and services worldwide. With more than three decades of experience, it has revolutionized cable access networking via the industry's first virtualized cable access solution, enabling cable operators to more flexibly deploy gigabit Internet service to consumers' homes and mobile devices. Special Report: The Top 5 IPOs for Your Portfolio Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.>>See Zacks’ Hottest IPOs NowWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ADTRAN Holdings, Inc. (ADTN): Free Stock Analysis Report Harmonic Inc. (HLIT): Free Stock Analysis Report TESSCO Technologies Incorporated (TESS): Free Stock Analysis Report Spirent Communications PLC (SPMYY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 20th, 2022

3 Communication Stocks Likely to Gain From Cloud Transition

The infrastructure upgrade for digital transformation and accelerated pace of 5G deployment should help the Zacks Communication - Infrastructure industry thrive despite near-term headwinds. COMM, ATEX and BAND are well poised to benefit from the continued transition to cloud network. The Zacks Communication - Infrastructure industry appears to be mired in raw material price volatility and supply-chain disruptions due to continued chip shortage and sharp inflationary pressure. Moreover, high capital expenditure for infrastructure upgrades for 5G rollout and margin erosion due to price wars have dented the industry’s profitability.Nevertheless, CommScope Holding Company, Inc. COMM, Anterix Inc. ATEX and Bandwidth Inc. BAND are likely to benefit in the long run from higher demand for scalable infrastructure for seamless connectivity amid the wide proliferation of IoT, transition to cloud and related next-gen technologies and a faster pace of 5G deployment.Industry DescriptionThe Zacks Communication - Infrastructure industry comprises firms that provide various infrastructure solutions for the core, access and edge layers of communication networks. Leveraging proprietary modeling and simulation techniques to optimize networks, the firms offer high-speed network access solutions across Internet protocol, asynchronous transfer mode and time division multiplexed architecture in both wireline and wireless network applications. Their product portfolio encompasses optical fiber and twisted-pair structured cable solutions, infrastructure management hardware and software, network racks and cabinets, fiber-to-home equipment like hardened connector systems, wireless network backhaul planning and optimization products, couplers and splitters, indoor, small cell and distributed wireless antenna systems and hardened optical terminating enclosures.What's Shaping the Future of the Communication - Infrastructure Industry?Depleted Margins From Demand Erosion: Efforts to offset substantial capital expenditure for upgrading network infrastructure by raising fees have reduced demand, as customers prefer to switch to lower-priced alternatives. Moreover, efforts to build resilient infrastructure facilities to withstand natural catastrophes such as hurricanes and floods add to operating costs. In addition, latent tension between the United States and China relating to trade restrictions imposed on the sale of communication equipment to firms based in the communist country has dented the industry’s credibility and will likely lead to a loss of business. An adverse economic impact from the coronavirus pandemic is also likely to dent the overall revenues of the industry participants.Volatility in Raw Material Prices: The industry is continuously facing an acute shortage of chips, which are the building blocks for various equipment used by telecom carriers. Moreover, high raw material prices due to inflation, the prolonged Russia-Ukraine war and the consequent economic sanctions against the Putin regime have affected the operation schedule of various firms. Although various steps have been taken to address the global shortage of semiconductor chips and devise ways to increase domestic production, the demand-supply imbalance has crippled operations and largely affected profitability due to inflated equipment prices. The government has also pledged bipartisan support to ramp up production capacity and reduce supply bottlenecks while eliminating dependence on countries like China. However, unless the policy guidelines assume a tangible effect, the industry firms are likely to face short-term challenges, affecting their cash flow.Transition to Technology Powerhouse: With exponential growth in video and other bandwidth-intensive applications owing to the wide proliferation of smartphones and increased deployment of superfast 5G technology, the industry participants are making considerable investments in LTE, broadband and fiber to provide additional capacity and ramp up the Internet and wireless networks. These companies are rapidly transforming from legacy copper-based telecommunications firms to technology powerhouses with capabilities to meet the growing demand for flexible data, video, voice and IP solutions. The industry participants are also focusing on leveraging wireline momentum, expanding media coverage, improving customer service and achieving a competitive cost structure to generate higher average revenue per user while attracting new customers. All these efforts have particularly helped firms in the industry cater to the surge in data demand, with digital sustainability becoming the norm of the day.Network Convergence: The success of 5G hinges on substantial investments to upgrade infrastructure in the core fiber backhaul network to support anticipated growth in data services. With operators moving toward converged or multi-use network structures, combining voice, video and data communications into a single network, the industry is increasingly developing solutions to support wireline and wireless network convergence. Although these investments will eventually help minimize service delivery costs to adequately support broadband competition and expand rural coverage and wireless densification, short-term profitability has largely been compromised. Nevertheless, the industry players have enabled enterprises to rapidly scale communications functionalities to a vast range of applications and devices with easy-to-use software application programming interfaces. The firms support high user volumes without affecting deliverability and cost-effectively eliminate performance degradation.Zacks Industry Rank Indicates Bearish TrendsThe Zacks Communication - Infrastructure industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #227, which places it at the bottom 9% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate.Before we present a few communication infrastructure stocks that are well-positioned to outperform the market based on a strong earnings outlook, let’s take a look at the industry’s recent stock market performance and valuation picture.Industry Lags S&P 500 & SectorThe Zacks Communication - Infrastructure industry has lagged the broader Zacks Computer and Technology sector and the S&P 500 composite over the past year.The industry has lost 62.1% over this period compared with the S&P 500 and the sector’s decline of 12.4% and 30.4%, respectively.One Year Price PerformanceIndustry's Current ValuationOn the basis of the trailing 12-month enterprise value-to EBITDA (EV/EBITDA), which is the most appropriate multiple for valuing telecom stocks, the industry is currently trading at 7.11X compared with the S&P 500’s 11.91X. It is also below the sector’s trailing-12-month EV/EBITDA of 8.78X.Over the past five years, the industry has traded as high as 12.05X, as low as 6.21X and at the median of 8.77X, as the chart below shows.Trailing 12-Month enterprise value-to EBITDA (EV/EBITDA) Ratio3 Communication - Infrastructure Stocks to Keep a Close Eye onCommScope Holding Company, Inc.: Headquartered in Hickory, NC, CommScope is a premier provider of infrastructure solutions, including wireless and fiber optic solutions, for the core, access and edge layers of communication networks. Since its inception in 1976, the company has created a niche market for itself, helping customers scale network capacity, delivering better network response time and performance and simplifying technology migration. CommScope is focused on sound technology and a highly efficient supply chain, and is committed to continuous improvement. This will potentially make the company a preferred partner for all telecommunications businesses as the industry moves toward 5G. With operators moving toward converged or multi-use network structures, combining voice, video and data communications into a single network, CommScope is dedicatedly developing solutions designed to support wireline and wireless network convergence, which will be essential for the success of 5G technology. It has been pursuing strategies focused on reducing operational costs and optimizing the overall cost structure. The stock has a long-term earnings growth expectation of 23.9% and delivered an earnings surprise of 16.2%, on average, in the trailing four quarters. CommScope carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Price and Consensus: COMMAnterix Inc.: Headquartered in Woodland Park, NJ, Anterix offers spectrum assets that enable the modernization of critical infrastructure for the energy, transportation, logistics and other sectors. It is reportedly the largest holder of licensed spectrum in the 900 MHz band throughout the contiguous United States. The company has launched an integrated platform that enables greater resilience and enhanced services between the participating networks, including cybersecurity, shared infrastructure and integration of distributed energy sources. The transition to a broader suite of solutions will ensure greater collaboration, providing more than 75 Anterix Active Ecosystem members with the collective voice of their utility customers. The stock carries a Zacks Rank #3.Price and Consensus: ATEXBandwidth Inc.: Founded in 2000 and headquartered in Raleigh, NC, Bandwidth operates as a Communications Platform-as-a-Service (CPaaS) provider. It is the only application programming interface platform provider that owns a Tier 1 network with enhanced network capacity. Continuous innovation on CPaaS offerings allows enterprise customers to have direct access to its comprehensive suite of products and services. This reinforces pricing flexibility and provides a significant competitive advantage to build a customized networking infrastructure. The acquisition of Voxbone complements its portfolio and enables it to better serve customers. It pulled off an earnings surprise of 143.5%, on average, in the trailing four quarters. This Zacks Rank #3 stock has a VGM Score of B.Price and Consensus: BAND FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CommScope Holding Company, Inc. (COMM): Free Stock Analysis Report Bandwidth Inc. (BAND): Free Stock Analysis Report Anterix Inc. (ATEX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 20th, 2022

Auto Roundup: General Motors (GM) & Ford (F) Make a Splash With Key Updates

General Motors (GM) and Ford (F) offer important updates on their electrification strides and self-driving technologies to keep up with the changing dynamics of the auto industry. Last week, Detroit’s auto show was held after a 3-year hiatus due to the COVID-19 pandemic. However, this time it was a less glitzy affair with fewer model debuts and lower attendance. Among some of the key reveals were the 2023 Jeep Wrangler Willys 4xe, 2024 Chevy Blazer EV, 2023 Chrysler 300C, 2024 Chevy Equinox EV and 2024 Ford Mustang.Meanwhile, the European Automobile Manufacturers Association (“ACEA”) released data for passenger car registrations for July and August 2022. The European Union (EU) passenger vehicle market contracted 10.4% in July but rebounded in August to witness year-over-year growth of 4.4%. With that, the EU passenger market snapped 13 straight months of decline. For the first eight months of 2022, passenger car volumes declined 11.9% year over year to 6 million units. Most of the countries in the EU witnessed a drop in registrations, including four key markets, during the said timeframe. Registrations in Italy, Germany, Spain and France witnessed a yearly decline of 18.4%, 9.8%, 9.4% and 13.8%, respectively.Another highlight of last week was President Biden’s approval of the first round of funding for the creation of a nationwide electric vehicle (EV) charging infrastructure. With this first set of approvals, $900 million will be granted to build EV chargers across 53,000 miles of highway across 35 states. This is part of Biden’s bipartisan infrastructure package that includes $7.5 billion to establish a network of 500,000 EV charging stations across the country by 2030.On the news front, General Motors GM announced a deal with Lear and laid out investment plans for its Marion Stamping plant to boost its EV game. GM’s close peer Ford F made the headlines as it’s actively progressing toward driverless technologies. Improvements in its ADAS technology to incorporate updates in BlueCruise and ActiveGlide would help improve safety.Meanwhile, automotive equipment provider Magna International MGA invested in Yulu Bikes and sees it as a vital step in its contribution toward a sustainable e-mobility future. Italian-American carmaker Stellantis STLA struck a deal with UAW members to end a three-day strike at the Indiana plant. Finally, EV giant Tesla TSLA had to put its expansion plan of the Berlin Gigafactory on the back burner as the local municipal committee dismissed the approval.Inside the HeadlinesGeneral Motors struck a deal with Lear, per which the latter will supply electrification technologies for the U.S. auto giant’s Ultium EV platform. The technologies that would be provided by Lear include battery disconnect units, intercell connect boards and wire harnesses. The financial terms of the deal have been under wraps. With Ultium Drive playing a pivotal role in GM’s EV ambitions, the latest agreement with Lear for the supply of e-mobility technologies for its hardware platform bodes well.In another important announcement, General Motors is set to invest $491 million at its Marion Stamping plant. This is to prepare the facility for manufacturing steel and aluminum stamped parts for future vehicles, including electric cars made at various GM assembly plants. The proposed investment will be used to buy and install two new press lines and complete press and die upgrades and renovations. It will also construct a 6,000-square-foot addition. The investment marks plant development and will rev up GM’s electrification progress as the demand for EVs reaches unprecedented levels. Meanwhile, General Motors’ autonomous self-driving technology unit, Cruise, announced that it intends to expand its driverless ride service to Phoenix, AZ, and Austin, TX, in the next three months. The company noted that its operations in Arizona and Texas will initially be on a small scale but it aims to churn out revenues. Presently GM’s Cruise offers a wide range of robotaxi services in San Francisco. Riding on the successful launch in San Francisco, Cruise set its mind on expanding to new cities. Even though the adoption and execution of AV technology have been slow, Cruise looks optimistic and aims to generate $1 billion in revenues by 2025.Ford is set to introduce the hands-free highway driving feature in its 2023 Ford Mustang Mach-E and 2023 Lincoln Corsair SUVs. These models’ Advanced Driver Assistance Systems (ADAS) will be updated with BlueCruise 1.2 and Lincoln ActiveGlide 1.2, the latest versions of the manufacturer’s sans driver feature. The ability to change lanes, stay within lane markings and adjust the pace around curves, all driverless, will be the major additions. The driver can activate hands-free lane change with a mere signal tap. The feature will also offer suggestions to change lanes in slow-moving traffic.Another feature known as in-lane repositioning will be a highlight. This feature keeps the vehicle centered in its lane and shifts its position within the lane away from other vehicles to leave as much distance possible between it and the other vehicle. Meanwhile, the predictive speed assist feature will slow down the vehicle when it’s driving autonomously and can sense when a tight bend approaches. Ford’s ActiveGlide and BlueCruise features will use cameras and sensors in addition to lidar-mapping for hands-free driving on a stretch of more than 130,000 miles of dedicated highways in North America.Magna announced its $77-million investment in Yulu Bikes, India’s largest technology-driven electrified shared mobility provider. Magna’s investment marks its entry into the rapidly-growing micro-mobility market. The deal leverages Magna’s expertise in design, engineering and manufacturing, and Yulu’s market strength in India and its software know-how. Magna will function as the exclusive battery-swapping provider for Yulu’s customers and support the buildup of the infrastructure required for millions of swaps per week.Magna will own a stake and hold a seat on the board of the India-based company. The two companies will establish a new battery-swapping entity. The new Battery-as-a-Service (BaaS) entity will be known as Yulu Energy. It will create a nationwide battery charging and swapping infrastructure, likely reducing the upfront cost of buying EVs and expediting the transition to electric mobility in India.Stellantis announced that United Auto Worker union members who had gone on strike on Sep 10 at its casting plant in Indiana rejoined work after a ratifying deal was made between the parties.More than 1,000 UAW members went on strike on Sep 10 at the plant because the company had deprived them of the basic health and safety needs that a workplace should offer. They alleged that the company refused to repair and replace the plant’s air conditioning and heating systems to secure in-house production.Last week, the two sides parties announced an agreement and the strike was withdrawn after UAW Local 1166 workers voted to ratify the agreement. A prolonged strike at the largest casting facility would have led to a production hiatus, causing the rapid shutdown of Stellantis’ operations and a decline in profits.Tesla has to hold back on its expansion plan of the Berlin Gigafactory. The EV king had intended to increase the factory by one-third and expand the nearly 750-acre factory site by another 250 acres to develop a freight depot, besides other factory parts.However, it seems that the expansion plan is enmeshed in bureaucracy as the municipal council of Grünheide, the city near Berlin where the Gigafactory is located, has indefinitely delayed the vote on the planned expansion.The reasons for the delay are not quite clear, although the ripple effects of the ongoing Ukraine-Russia conflict may be hinted at. Russia has drastically cut down gas supplies to Europe in general and Germany in particular. Tesla’s intensive development plans call for a heavy requirement of energy. In light of a volatile market situation, Germany is likely acting cautiously in approving the expansion plan.TSLA carries a Zacks Rank #2 (Buy), currently.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Price PerformanceThe following table shows the price movement of some of the major auto players over the last week and six-month period.Image Source: Zacks Investment ResearchWhat’s Next in the Auto Space?Industry watchers will keep a tab on July and August 2022 commercial vehicle registrations to be released by the European Automobile Manufacturers Association soon.  Also, stay tuned for any updates on how automakers will tackle the semiconductor shortage and make changes in their business operations. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report Stellantis N.V. (STLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 20th, 2022

NCR Plans to Spin Off Into Two Companies by Next Year End

NCR's board of directors approves the company's plan to spin off into two separate publicly traded companies by the end of next year. NCR Corporation NCR recently announced its plan to spin off into two new publicly traded standalone companies following a strategic review. One of them will focus on the digital commerce business spearheading the retail, hospitality, and digital banking industries. The other will be providing solutions related to global ATM-as-a-Service and ATM network businesses.On Feb 8, NCR declared the commencement of a strategic reviewing process evaluating alternatives to maximize shareholder value. Taking assistance from Goldman Sachs, Bank of America Securities and Evercore, the company assessed several alternative possibilities, which also included the possibility of the divestment of the whole company’s business. Considering the ongoing macroeconomic headwinds and a thorough evaluation, NCR’s board of directors decided that a spin-off would be in the shareholders' best interest among all the other options.Upon separation, the digital commerce company will be a growth business positioned to leverage NCR’s software-led model to continue transforming, connecting and running global retail, hospitality and digital banking. Meanwhile, the ATM-related business entity will be a cash-generative business positioned to focus on delivering ATM as a Service to a large, installed customer base across banks and retailers.NCR Corporation Price and Consensus NCR Corporation price-consensus-chart | NCR Corporation QuoteIn the second quarter of 2022, NCR’s Self-Service Banking segment, which includes a comprehensive line of ATM hardware and software solutions, related installation, maintenance, and managed and professional services, reported revenues of $679 million. The figure rose 5% year over year on strong momentum as a result of the accelerated transformation toward adopting solutions like the ATM-as-a-service solution.The ATM-related company will further boost this momentum to meet global demand for ATM access and leverage new ATM transaction types, including digital currency solutions, which will expand growth opportunities in the market. It will get transformed into a highly recurring revenue model to drive stable cash flow and capital returns.The digital commerce company, on the other hand, will also reinvest to accelerate growth and recurring revenues. It will maximize common solutions to drive innovation and strengthen operational efficiency.The separation intends to attract distinct shareholder bases, better aligned with each company’s value proposition and financial profile. Each of the companies will follow different business goals, capital structures and allocation strategies. This will enable NCR to deliver long-term growth with increased flexibility in separate sets of operations and sustainably create value for stockholders, offering them greater transparency. The transaction is expected to be tax-neutral for NCR and is likely to be completed by the end of 2023. Currently, the company is assessing key aspects of the spin-off, which include potential cost-saving opportunities, management teams, boards, capital structures and capital return policies.Despite supply chain disruptions and other macroeconomic headwinds, NCR managed to deliver outstanding second-quarter 2022 results with strong revenue growth and increased profitability. The enterprise technology provider reported revenues of $2 billion, witnessing a year-over-year surge of 19%. The upside was driven by strong execution, the contribution from the Cardtronics buyout and solid growth across the company’s Payments & Networks, Self-Service Banking and Hospitality segments.Zacks Rank & Stocks to ConsiderNCR currently carries a Zacks Rank #3 (Hold). Shares of NCR have plunged 39.6% in the past year.Some better-ranked stocks from the broader Computer and Technology sector are Clearfield CLFD, Silicon Laboratories SLAB and EPAM Systems EPAM, each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Clearfield's fourth-quarter fiscal 2022 earnings has been revised 10 cents north to 80 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved 36 cents north to $3.13 per share in the past 60 days.Clearfield’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 33.9%. Shares of CLFD have improved 112.3% in the past year.The Zacks Consensus Estimate for Silicon Laboratories’ third-quarter 2022 earnings has increased 36% to $1.13 per share over the past 60 days. For 2022, earnings estimates have moved 20.5% up to $4.41 per share in the past 60 days.Silicon Laboratories’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 63.6%. Shares of SLAB have declined 8.3% in the past year.The Zacks Consensus Estimate for EPAM Systems' third-quarter 2022 earnings has been revised 5 cents northward to $2.45 per share over the past 30 days. For 2022, earnings estimates have moved 13 cents north to $9.79 per share in the past 30 days.EPAM's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 23%. Shares of the company have declined 33.6% in the past year. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NCR Corporation (NCR): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report Silicon Laboratories, Inc. (SLAB): Free Stock Analysis Report Clearfield, Inc. (CLFD): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 20th, 2022

4 Business-Software Services Stocks to Watch in a Challenging Industry

The Zacks Business-Software Services industry players like MSCI, TYL, SNX and GWRE are poised to continue benefiting from the increasing demand for multi-cloud-enabled software solutions amid an accelerated digital transformation and a shift to cloud initiatives. The Zacks Business-Software Services industry is benefiting from heightened demand for digital transformation and the ongoing shift to the cloud. Growing automation business processes across multiple industries and rapidly increasing enterprise data volumes are also driving demand for business software and services. Industry participants like MSCI MSCI, Tyler Technologies TYL, TD SYNNEX SNX and Guidewire Software GWRE are gaining from these trends.Companies in this space had benefited from pandemic-induced strong demand for cloud-based services from businesses looking to operate amid lockdowns. However, the growth rate has inched lower with the reopening of economies. Moreover, the industry’s near-term growth prospects are likely to be hurt as organizations push back their investments in big and expensive technology products on growing global slowdown concerns amid the current macroeconomic challenges and geopolitical tensions. These, along with elevated operating expenses related to hiring new employees and sales and marketing strategies to capture more market share, are likely to strain margins in the near term.Industry DescriptionThe Zacks Business-Software Services industry primarily comprises companies that deliver application-specific software products and services. The applications are typically either license-based or cloud-based. The offerings generally include applications related to finance, sales & marketing, human resource, and supply chain, among others. The industry consists of a broad range of companies offering a wide range of products and services, including business processing and consulting, application development, testing and maintenance, office productivity suits, systems integration, infrastructure services, and network security applications. Some of the companies provide investment-decision support tools. Manufacturing, retail, banking, insurance, telecommunication, healthcare and public sectors are the primary end markets for industry participants.5 Trends Shaping the Future of the Business-Software Services IndustryTransition to Cloud-Creating Opportunities: Companies in this industry have been gaining from the robust demand for multi-cloud-enabled software solutions, given the ongoing transition from legacy platforms to modern cloud-based infrastructure. These industry players are incorporating artificial intelligence (AI) in their applications to make the same more dynamic and result-oriented. Most industry players are now offering cloud-based versions of their solutions in addition to the on-premise ones, thereby expanding content accessibility. The enhanced interoperability features provide customers with differentiation and efficiency.Subscription Model Gaining Traction: The industry participants are modifying their business models to cope with clients’ shifting requirements. Subscription and term-license-based revenue pricing models have become highly popular and are now replacing the legacy upfront payment prototype. Subscription-based business models provide increased revenue visibility and higher recurring revenues, which bode well for companies over the long haul. However, due to this transition, the top-line growth of these companies might be affected in the days to come, as term-license revenues include advance payments, whereas subscription-based revenues are a bit delayed.Continuous M&A to Expand Product Offerings: The players in this industry are resorting to frequent mergers and acquisitions to supply complementary and end-to-end software products. Nonetheless, increasing investments in digital offerings and acquisitions might erode the industry’s profitability in the upcoming period.Macroeconomic Headwinds Might Hurt IT Spending: Enterprises may postpone their large IT spending plans due to a weakening global economy amid ongoing macroeconomic and geopolitical issues. In July 2022, Gartner lowered its forecast for worldwide IT spending growth rate to 3% from 4% mentioned earlier. The research firm’s report highlights that 2022 IT spending growth will be much slower than 2021 due to spending cutbacks across devices, software, IT services and communication services areas. This is likely to negatively impact the demand for business software solutions and services in the near term.Elevated Operating Expenses to Hurt Profitability: To survive in the highly competitive business software market, each player is continuously investing in broadening its capabilities. The players in the space are aggressively investing in research and development to enhance their product portfolio. Moreover, companies are investing heavily to enhance their sales and marketing capabilities, particularly by increasing their sales force. Therefore, elevated operating expenses to capture more market share are likely to dent margins in the near term.Zacks Industry Rank Indicates Bleak ProspectsThe Zacks Business-Software Services industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #213, which places it in the bottom 15% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dismal near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. The industry’s earnings estimate for July-September 2022 quarter has moved a penny lower to 24 cents over the past three months.Estimate Revision For July-September 2022 QuarterDespite the gloomy industry outlook, a few stocks are worth watching in the market. But before we present the top industry picks, it is worth taking a look at the industry’s shareholder returns and current valuation first.Industry Lags S&P 500, Outperforms SectorThe Zacks Business-Software Services industry has underperformed the S&P 500 Index but outperformed the broader Zacks Computer and Technology sector over the past year.The industry has declined 30.2% during this period compared with the broader sector’s decline of 31.1% and the S&P 500’s decrease of 13.6%.One-Year Price PerformanceIndustry's Current ValuationComparing the industry with the S&P 500 composite and broader sector on the basis of the forward 12-month price-to-earnings, which is a commonly-used multiple for valuing business-software services stocks, we see that the industry’s ratio of 20.15 is higher than the S&P 500’s 16.92 but slightly lower than the sector’s 20.40.Over the last five years, the industry has traded as high as 37.75X, as low as 6.60X, and recorded a median of 21.95X as the charts below show.F12M Price-to-Earnings Ratio (Industry Vs. S&P 500)F12M Price-to-Earnings Ratio (Industry Vs. Sector)4 Stocks to Keep a Close Eye OnMSCI: This Zacks #3 Rank (Hold) company offers investment decision support tools, including indexes; portfolio construction and risk management products and services; Environmental, Social and Governance (ESG) research and ratings; and real estate research, reporting and benchmarking offerings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. MSCI is benefiting from solid demand for custom and factor index modules, a recurring revenue business model and the growing adoption of its ESG solution in the investment process. MSCI’s expanding portfolio of climate tools is expected to drive the top line. Acquisitions have enhanced its ability to provide climate-risk assessment and assist investors with climate-risk disclosure requirements. Moreover, strong traction from client segments like wealth management, banks, broker and dealers is a positive.Shares of this New York-based company have declined 28.1% during the past year. The Zacks Consensus Estimate for 2022 earnings has moved a couple of cents south to $11.33 per share over the past 30 days.Price and Consensus: MSCITyler Technologies: This Zacks Rank #3 company is a leading provider of integrated information management solutions and services to the public sector. The company serves its customers both on-premise and in the cloud.Tyler is benefiting from higher recurring revenues, post-acquisition contributions of NIC, and constant rebound of the market and sales activities to pre-COVID levels. The public sector’s ongoing transition from on-premise and outdated systems to scalable cloud-based systems is a positive. The coronavirus-led remote-working trend is also driving demand for its connectivity and cloud services.Shares of this Plano, TX-based company have plunged 21.2% over the past year. The Zacks Consensus Estimate for 2022 earnings has moved down by 14 cents to $7.44 per share over the past 60 days.Price and Consensus: TYLTD SYNNEX: Founded in 1980, it is a leading business process services company. TD SYNNEX provides a comprehensive range of distribution, logistics and integration services for the technology industry and outsourced services focused on customer engagement to a broad range of enterprises.TD SYNNEX is benefiting from the hybrid working trend, which is driving demand for offsite-working hardware and software. Moreover, a steady IT spending environment on the back of rapid digital transformation is a positive. Acquisitions and partnerships are helping the company expand its product portfolio.This Fremont, CA-based company carries a Zacks Rank #3 at present. The Zacks Consensus Estimate for fiscal 2022 earnings has moved up by 4 cents to $11.54 per share over the past 90 days. Shares of SNX have declined 22.8% over the past year.Price and Consensus: SNXGuidewire Software: This San Mateo, CA-based company is a provider of software solutions for property and casualty (P&C) insurers. The company's solutions aid in reducing risk via increased productivity, bringing speed to market, digital engagement and simplifying IT infrastructure.Guidewire is riding on higher subscription revenues, as reflected by its fiscal fourth-quarter results. The company’s subscription-based offerings are gaining from the robust adoption of the InsuranceSuite Cloud platform. Further, its focus on enhancing the Guidewire Cloud platform with new capabilities is expected to boost sales of subscription-based solutions in the long haul. Guidewire’s cloud deployment partner, Amazon Web Services is also gaining traction. Strategic acquisitions and collaborations, along with a less competitive market and strong liquidity position, bode well.This Zacks Rank #3 stock has plunged 44.6% in the trailing 12 months. The consensus mark for fiscal 2023 is pegged at a loss of 33 cents per share, having narrowed by five cents in seven days’ time.Price and Consensus: GWRE Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in?  If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.>>Send me my free report on the top 5 EV stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MSCI Inc (MSCI): Free Stock Analysis Report TD SYNNEX Corp. (SNX): Free Stock Analysis Report Guidewire Software, Inc. (GWRE): Free Stock Analysis Report Tyler Technologies, Inc. (TYL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 15th, 2022

Microsoft (MSFT) Expands Azure Space Connectivity Offerings

Microsoft's (MSFT) Azure Space platform offers a preview of Azure Orbital Cloud Access and confirms the general availability of Azure Orbital Ground Station. Microsoft MSFT has offered an update for its Azure Space platform, which aims to provide cloud-hosted services in remote regions. The company announced plans to begin offering private previews of Azure Orbital Cloud Access, a product that combines satellites and terrestrial communications and promises low-latency global cloud access.Azure Orbital Cloud Access uses software-defined wide area network technology from Juniper Networks to support satellite connections with wireless and fiber-optic networks.Two years ago, Microsoft launched its Azure Space initiative, focused on making Azure a strong player in the space- and satellite-connectivity cloud market.Last year, Microsoft announced that Azure Orbital had reached preview, allowing customers to communicate with and control satellites from Microsoft-owned and partner-owned ground stations around the world with no backhaul costs into Azure. The original Azure Orbital service has been renamed to Azure Orbital Ground Station, enabling Microsoft to use the Azure Orbital brand to cover multiple services (the latest of which is Azure Orbital Cloud Access).Microsoft also announced today the general availability of Azure Orbital Ground Station, its first groundstation-as-a-service product.  It is designed to work with Microsoft’s partner ecosystem to enable satellite operators to focus on their satellites and operate from the cloud more reliably at lower cost and latency, allowing operators to get to market faster and achieve a higher level of security through Azure.Microsoft Corporation Price and Consensus Microsoft Corporation price-consensus-chart | Microsoft Corporation QuoteMicrosoft Azure Confirms Slew of New Partnerships for SpaceAzure Orbital partners include Airbus, Amergint, Ball Aerospace, blackshark.ai, Esri, Hewlett Packard Enterprise, iDirect, Intelsat, Kratos, KSAT, Loft Orbital, Nokia, Omnispace, Orbital Insight, SES, SkyWatch, SpaceX, Thales Alenia Space, USA Electrodynamics, Viasat and Xplore.Microsoft also is working with partners to make it easier to bring satellite-based communications into an enterprise cloud operation by integrating 5G and satellite communications through its Azure Orbital services with the goal to help satellite vendors virtualize their analog systems.This Zacks Rank #3 (Hold) company has expanded its existing partnership with satellite operator SES. The two companies have launched a new initiative called the Satellite Communications Virtualization Program, which will create a fully virtualized satellite communications ground network, supporting a variety of hardware, virtual network functions, and edge cloud applications. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The new program would provide industry players with accelerated adoption of standards so that updates can be done remotely. It also offers increased agility for services such as network slicing, new virtual network functions and edge-cloud applications that can be introduced quickly to customers.Working with its partner KSAT, Microsoft is also teaming up with space data company Pixxel to mine insights from its satellite data in the cloud.The company also provided an update to the previously announced strategic partnership with Loft Orbital for an on-orbit compute system to develop, test, and validate software applications for space systems in Microsoft Azure, and then deploy them to satellites in orbit using Loft’s space infrastructure tools and platforms.The first Azure-enabled Loft satellite will be launched next year and will be available for governments and companies to seamlessly deploy their software applications onto space hardware within the Azure environment.Moreover, the company’s sustainability product team is partnering with Muon Space to develop products targeting enterprise Environment Social Governance analytics derived from Muon Space Earth Systems data.Microsoft, Starlink Combine Cloud Computing and Satellite ConnectivityMicrosoft is expanding its focus on space, working with SpaceX to combine the power of Azure with the latter’s satellite-powered Starlink internet. The company is launching a preview of Azure Orbital Cloud Access for its government customers that will deliver prioritized network traffic through SpaceX’s Starlink constellation and Azure edge devices.Microsoft’s cloud rival, Amazon’s AMZN Amazon Web Services announced its space-industry strategy and space unit called Aerospace and Satellite Solutions in June 2020. It also created its satellite connection service, AWS Ground Station, and a satellite venture called Project Kuiper, which competes with Elon Musk’s SpaceX’s Starlink and other satellite networking providers.Alphabet’s GOOGL Google has also taken competitive steps. Last year, the company reached a deal with SpaceX, with Elon Musk's company building ground stations at Google datacenters that connect to Starlink satellites, connecting the satellite network to Google Cloud. In addition, Leaf Space's ground station-as-a-service offering runs on Google Cloud.Meanwhile, Alibaba BABA is hugely investing to expand its presence in the cloud market of the United Arab Emirates  in a bid to expand its cloud footprint in the Asia Pacific. The launch of Alibaba Cloud’s third data center in Indonesia remains noteworthy. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in?  If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.>>Send me my free report on the top 5 EV stocksWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Alibaba Group Holding Limited (BABA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 15th, 2022