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Earnings Releases, Stock Price Movements, Acquisitions, and New Product Launches - Analyst Notes on Acuity Brands, SunEdison, Stratasys, TE Connectivity, and Xilinx

Editor Note: For more information about this release, please scroll to bottom.

NEW YORK, April 8, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Acuity Brands, Inc. (NYSE: AYI), SunEdison, Inc. (NYSE: SUNE), Stratasys Inc. (NASDAQ: SSYS), TE Connectivity Ltd. (NYSE: TEL), and Xilinx Inc. (NASDAQ: XLNX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

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Acuity Brands, Inc. Analyst Notes 

On April 2, 2014, Acuity Brands, Inc. (Acuity Brands) reported its Q2 FY 2014 financial results (period ended February 28, 2014). The Company registered a 12.2% increase in net sales to $546.2 million in Q2 FY 2014, while net income for the quarter came in at $32.7 million or $0.75 per diluted share, versus $24.7 million or $0.57 per diluted share in Q2 FY 2013. The Company attributed the increase in net sales to a 13% increase in sales volume, which was partially offset by a net unfavorable currency exchange rate, primarily a weaker Canadian Dollar. Commenting on the business outlook, Vernon J. Nagel, Chairman, President, and CEO, said, "Our outlook remains positive. Third-party forecasts and leading indicators suggest that the growth rate for the North American lighting market, which includes renovation and retrofit activity, will be in the mid-to-upper single digit range during 2014." In a separate press release, on March 28, 2014, the Company declared a quarterly dividend of $0.13 per share. The dividend is payable on May 1, 2014 to shareholders of record on April 17, 2014. The full analyst notes on Acuity Brands, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04072014/AYI/report.pdf

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SunEdison, Inc. Analyst Notes 

On March 31, 2014, SunEdison, Inc. (SunEdison) announced closing of the private equity financing for its 50.7 MWp solar power plant (known as "San Andres") located in the Atacama Region of Chile, with a group of investors led by EverStream Energy Capital Management LLC ("EverStream") and Claro y Asociados ("Claro"). Developed by SunEdison, the San Andres project reached commercial operation on March 14, 2014, and is the largest merchant solar power plant in Latin America. SunEdison stated that it will retain a partial equity position in the project. San Andres is distributing energy directly into the Central Interconnected System and selling the energy on a merchant basis, with prices determined by the spot market instead of a long term off-take contract. The full analyst notes on SunEdison, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04072014/SUNE/report.pdf

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Stratasys Inc. Analyst Notes 

On April 2, 2014, Stratasys Inc. (Stratasys) announced that the Company has signed an agreement to acquire two privately-held companies, Solid Concepts Inc. (Solid Concepts) and Harvest Technologies. Both Solid Concepts and Harvest Technologies are providers of additive manufacturing services. With the acquisition of these two Companies, Stratasys intends to develop a leading strategic platform focusing on meeting customers' additive manufacturing needs through an expanded technology and business offering. Stratasys will acquire Solid Concepts for a total consideration of up to $295 million, while the financial details pertaining to the acquisition of Harvest technologies, were not disclosed. The Company expects to close the transactions in Q3 2014, subject to necessary approvals. According to the Company, the transactions are expected to be accretive to Stratasys' non-GAAP EPS within the first 12 months after closing. The full analyst notes on Stratasys Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04072014/SSYS/report.pdf

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TE Connectivity Ltd. Analyst Notes 

On April 2, 2014, TE Connectivity Ltd (TE) announced that it has signed an agreement to acquire the Seacon group, a provider of underwater connector technology and systems, for $490 million in cash. The acquisition of Seacon Group, which serves the military marine and sub-sea sectors, is expected to boost TE's product offering for undersea applications. TE's stock gained 2.37% to close at $61.69 following the announcement. Commenting on the acquisition, Tom Lynch, TE Connectivity Chairman and CEO, said,  "The acquisition of the SEACON group expands TE's position as a leader in connectivity solutions for harsh environments and significantly strengthens our position in the high-growth oil and gas industry." The full analyst notes on TE Connectivity Ltd. are available to download free of charge at:

http://www.AnalystsReview.com/04072014/TEL/report.pdf

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Xilinx Inc. Analyst Notes 

On March 31, 2014, Xilinx Inc. (Xilinx) issued a press release announcing industry's first solution for "Softly" Defined Networks, expanding programmability and intelligence from the control to the data plane. According to Xilinx, the design of the programmable data plane functions is enabled by the new Software Defined Specification Environment for Networking (SDNet), with functional specifications automatically compiled into Xilinx's All Programmable FPGAs and SoCs. As per the release, in contrast to traditional SDN architectures, which employ fixed data plane hardware with a narrow southbound API connection to the control plane, Softly Defined Networks are based upon a programmable data plane with content-intelligence and a rich southbound API control plane connection. The full analyst notes on Xilinx Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04072014/XLNX/report.pdf

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EDITOR NOTES: 

  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
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NOT FINANCIAL ADVICE 

Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

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