SYS-CON MEDIA Authors: Elizabeth White, Pat Romanski, Esmeralda Swartz, Liz McMillan, AppDynamics Blog

News Feed Item

The Zacks Analyst Blog Highlights: Microsoft, Nokia, IBM, Intel and CNA Financial

CHICAGO, Jan. 24, 2014 /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 the Microsoft Corp. (Nasdaq:MSFT-Free Report), Nokia (NYSE:NOK-Free Report), IBM (NYSE:IBM-Free Report), Intel (Nasdaq:INTC-Free Report) and CNA Financial Corp. (NYSE:CNA-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

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

Here are highlights from Thursday's Analyst Blog:

Surprise! Microsoft Crushes Estimate

Flying straight in the face of another lackluster overall Tech industry earnings season, Microsoft Corp. (Nasdaq:MSFT-Free Report) just posted a big beat on earnings in its fiscal Q2 2014 (ended December). Earnings of 78 cents per share came from $23.7 billion in sales for the quarter. The revenue figure is basically in-line with the Zacks Consensus Estimate of $23.68 billion, but the earnings number is a 14.7% positive surprise.

This is the best performance for Microsoft in at least the last four quarters. Earnings beats, when they've come, have tended to be on the modest side. Also, analysts had been downwardly revising estimates throughout the quarter, with a consensus of 68 cents having come down from 75 cents early in Q2. And with Nokia's (NYSE:NOK-Free Report) announcement earlier today that its Windows-based Lumia phone sales were down over the holiday season,  investors may have been a tad wary about Microsoft's numbers after the bell today.

In regular Thursday trading, MSFT shares rose slightly, but are up 3% in the after-market. The stock is now within a couple bucks of its 52-week high.

Revenues for its Surface tablet fared notably well, bringing in $893 million for Microsoft's holiday quarter. CEO (for now) Steve Ballmer also cited a favorable enterprise business, while pointing to a 13% gain in Devices and Consumer. Commercial revenue was up 10% in the quarter.

Of course, plenty of questions remain for the world's biggest software firm: Ballmer will be retiring sometime this year, there is still a $7.2 billion matter of buying all of Nokia's smartphones and tablets business, and can Surface continue its sales pace and take market share from its tablet competitors? These shall no doubt be addressed during the company's conference call.

For now, though, with other big tech firms like IBM (NYSE:IBM-Free Report) and Intel (Nasdaq:INTC-Free Report) coming out with disappointing earnings numbers this season so far, it's nice to see one of the big players finally gaining some traction on their own terms.

CAN Financial Upped to Strong Buy

On Jan 23, Zacks Investment Research upgraded CNA Financial Corp. (NYSE:CNA-Free Report) by a notch to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

CNA Financial has been riding on a strong growth momentum ahead of its fourth-quarter and full-year 2013 results, which are slated to release on Feb 10, 2014. The growth impetus stems from improved core fundamentals throughout 2013, which are cushioned by strong operating leverage and a modest capital position.

CNA Financial also outperformed the one-year S&P 500 index, which posted an increase of 24.1% against a return of 42% clocked by the company. Additionally, this global property and casualty (P&C) insurer delivered positive earnings surprises in the straight last three quarters, with an average beat of 23.3%.

On Oct 28, CNA Financial reported third-quarter 2013 operating earnings per share of $1.00, which outpaced the Zacks Consensus Estimate of 76 cents by 31.6% and the year-ago quarter number of 80 cents by 25%.

Higher premiums and lower catastrophe losses improved the combined ratio and bottom line across both P&C and specialty segments. Higher rates and improved underwriting efficiency are further expected to drive the results in the upcoming quarters. Strong expense, risk and claims administration along with effective credit management score well with the investors and ratings agencies.

CNA Financial has been experiencing rising earnings estimates following its robust third-quarter results and a strong outlook affirmed by ratings agencies. The Zacks Consensus Estimate for 2013 moved north by 2.7% to $3.45 per share in the last 60 days. The estimate for fourth-quarter 2013, in particular, shot up 4.9% to 85 cents a share.

Moreover, the Most Accurate estimate for CNA Financial's 2013 earnings stands at $3.63 a share, resulting in an Earnings ESP of +5.2%.

Further, the estimate for 2014 rose 0.9% to $3.40 over the same 60-day period. No downward revision in estimates was witnessed for either year.

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

About Zacks Equity Research

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

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

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

About Zacks

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

Get the full Report on MSFT - FREE

Get the full Report on NOK - FREE

Get the full Report on IBM - FREE

Get the full Report on INTC - FREE

Get the full Report on CNA - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

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

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]

http://www.zacks.com

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

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
“The age of the Internet of Things is upon us,” stated Thomas Svensson, senior vice-president and general manager EMEA, ThingWorx, “and working with forward-thinking companies, such as Elisa, enables us to deploy our leading technology so that customers can profit from complete, end-to-end solutions.” ThingWorx, a PTC® (Nasdaq: PTC) business and Internet of Things (IoT) platform provider, announced on Monday that Elisa, Finnish provider of mobile and fixed broadband subscriptions, will deploy ...
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications U...
SYS-CON Events announced today that ActiveState, the leading independent Cloud Foundry and Docker-based PaaS provider, has been named “Silver Sponsor” of SYS-CON's DevOps Summit New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. ActiveState believes that enterprises gain a competitive advantage when they are able to quickly create, deploy and efficiently manage software solutions that immediately create business value, but they face many challenges that ...
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and ex...
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile ...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, de...
“This win means a great deal to us because it is decided by the readers – the people who understand how use of our technology enables new insights that drive the business,” said Matt Davies, senior director, EMEA marketing, Splunk. “Splunk Enterprise enables organizations to improve service levels, reduce operations costs, mitigate security risks, enhance DevOps collaboration, create new product and service offerings and obtain deeper insight into customer behavior. Being named Best Business App...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core...
Cloud services are the newest tool in the arsenal of IT products in the market today. These cloud services integrate process and tools. In order to use these products effectively, organizations must have a good understanding of themselves and their business requirements. In his session at 15th Cloud Expo, Brian Lewis, Principal Architect at Verizon Cloud, outlined key areas of organizational focus, and how to formalize an actionable plan when migrating applications and internal services to the ...
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that CodeFutures, a leading supplier of database performance tools, has been named a “Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. CodeFutures is an independent software vendor focused on providing tools that deliver database performance tools that increase productivity during database development and increase database performance and scalability during production.
"Verizon Digital Media Services is responsible for the broadcast, video and content delivery network that accelerates, scales and helps our customers reach end users with all kinds of video and web content," stated James Segil, CMO of Verizon Digital Media Services, 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.