|By PR Newswire||
|April 19, 2013 09:55 AM EDT||
CHICAGO, April 19, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include IBM (NYSE:IBM), Sempra Energy (NYSE:SRE), NRG Energy Inc. (NYSE:NRG), The Laclede Group, Inc. (NYSE:LG) and Questar Corporation (NYSE:STR).
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Here are highlights from Thursday's Analyst Blog:
IBM Misses Earnings, Revenues in Q1
IBM (NYSE:IBM) missed the Zacks Consensus Estimate for the first time in years during its first quarter. Years!
The computing powerhouse also missed on the top line, in a quarterly performance that is sure to add to growing concerns about the market and the economy. Mercifully, Big Blue kept its outlook for 2013 unchanged, which is going to have to pass as good news in an otherwise surprising report.
As of this writing, shares of Big Blue are down more than 4% after hours.
IBM reported operating earnings per share of $3 for the first quarter, which was below the Zacks Consensus Estimate of $3.06. The result was 8% better than the year-ago performance.
Total revenues of $23.4 billion were also below the Zacks Consensus Estimate of $24.5 billion. While the earnings miss is surprising, the revenue miss is more disappointing. In its fourth quarter, IBM had topped expectations for the first time in several quarters. We were hoping that was the beginning of a turnaround in this department. Guess not.
The company stated that it failed to close a number of software and mainframe transactions, which have moved into the second quarter. Meanwhile, the services business performed as expected.
IBM was pretty much standing still heading into this report. With a Zacks Rank #3 (Hold), there had been very few earnings estimate revisions in the past several months. The Zacks Consensus Estimate for this year is at $16.74 per share, which is up from $16.58 three months ago, but had been rather stagnant since. In fact, the consensus is down a penny in the past 7 days.
It will be interesting to see what kind of repercussions this report has on earnings season. IBM is seen as a bellwether not only for technology, but the market in general. A good report could have helped the souring mood among investors, but it will instead bring a lot of questions.
Sempra Buys More Renewables
San Diego Gas & Electric (SDG&E), a subsidiary of Sempra Energy (NYSE:SRE), has entered into power purchase agreements ("PPA") to buy 62 megawatts ("MW") of capacity from five renewable energy projects in California. These projects comprise three solar and two wind operations.
Per a 20-year agreement, Sempra will buy 7 MW of solar power from Northlight Power's NLP Valley Center and 20 MW of power from Silverado Power, LLC's Zodiac projects. Both these solar projects are located in San Diego County. NLP Valley Center is expected to come online in Sep 2014 and Zodiac in May 2015.
The company will buy 20 MW of energy from E.ON Climate and Renewables' Maricopa West project, according to a 15-year power agreement. This project will be built in Kern County and is expected to come online in Jan 2015.
In a 10-year agreement, the company will buy wind power from Terra-Gen's 3.5 MW Oak Creek that will be built in Kern County. This project is expected to come online in Jan 2014. Sempra has entered into another 10-year agreement to buy 11.2 MW from San Gorgonio Westwinds II projects that will be built at Riverside County. This wind project is expected to begin operations in Jan 2015.
However, these five agreements have yet to be approved by California Public Utilities Commission.
Sempra is on track to meet the state's renewable energy goal that calls for generating 33% of energy from renewable sources by 2020. In 2011, the company entered into 23 renewable energy contracts that resulted in 20.8% of energy produced from renewable sources.
In 2012, the company signed 13 such contracts, resulting in 20.3% of energy from renewables. The company believes that if the same trend continues then it will be able to generate 25% of renewable energy by 2016.
Recently, the first large scale renewable energy project, namely the NRG Solar Borrego Project, came online in San Diego County which was developed by
NRG Energy Inc.
Currently, Sempra has six projects under construction in the Imperial Valley. These projects include the Ocotillo Express Wind Project that was connected to the Sunrise Powerlink in Dec 2012.
All these project developments have enabled the company to create a well-balanced renewable portfolio that is a combination of a broad spectrum of energy sources including solar, wind, biomass, biogas and geothermal energy. The company presently retains a short-term Zacks Rank #2 (Buy).
Based in California, Sempra Energy is an energy services holding company involved in the sale, distribution, storage, and transportation of electricity and natural gas.
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The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Nov. 28, 2014 05:00 PM EST Reads: 1,273
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 27, 2014 07:00 PM EST Reads: 1,434
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
Nov. 27, 2014 07:00 PM EST Reads: 1,398
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Nov. 27, 2014 06:00 PM EST Reads: 1,810
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
Nov. 27, 2014 06:00 PM EST Reads: 1,214
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Nov. 27, 2014 05:00 PM EST Reads: 1,382
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
Nov. 27, 2014 04:45 PM EST Reads: 1,282
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
Nov. 27, 2014 04:45 PM EST Reads: 1,226
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Nov. 27, 2014 04:30 PM EST Reads: 1,284
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
Nov. 27, 2014 04:00 PM EST Reads: 1,352
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
Nov. 27, 2014 04:00 PM EST Reads: 1,687
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Nov. 27, 2014 03:00 PM EST Reads: 1,358
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
Nov. 27, 2014 03:00 PM EST Reads: 1,508
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
Nov. 27, 2014 01:00 PM EST Reads: 1,702
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Nov. 27, 2014 11:00 AM EST Reads: 1,320