|By PR Newswire||
|April 25, 2014 08:01 AM EDT||
NEW YORK, April 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Medidata Solutions, Inc. (NASDAQ: MDSO), LinkedIn Corporation (NYSE: LNKD), Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), Cree, Inc. (NASDAQ: CREE) and Lexmark International Inc. (NYSE: LXK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1657-100free.
Medidata Solutions, Inc. Analyst Notes
On April 22, 2014, shares of Medidata Solutions Inc. (Medidata) plunged 22.74% closing at $40.71 after the Company's disappointing Q1 2014 financial results. The stock oscillated in the range $37.15 - $43.50 and dropped to an eight-month low during the session. The trading volume reached 10.51 million, approximately 10 times the volume in the previous trading session. Total revenues for Q1 2014 were $76.6 million, versus $63.3 million in Q1 2013. Adjusted non-GAAP net income was $5.9 million, or $0.11 per diluted share, compared with $9.1 million, or $0.17 per diluted share, in Q1 2013. Analysts expected EPS of $0.16 for Q1 2014. The full analyst notes on Medidata are available to download free of charge at:
LinkedIn Corporation Analyst Notes
On April 18, 2014, LinkedIn Corporation (LinkedIn) announced that it has reached 300 million members in more than 200 countries and territories. LinkedIn has added more than 23 million members since December 31, 2013. Presently 67% of LinkedIn members are located outside the U.S. Besides crossing 300 million members globally, the Company also exceeded more than 100 million members in the U.S. The Company's envisions connecting all of the world's professionals and anticipates continued growth. The full analyst notes on LinkedIn are available to download free of charge at:
Qihoo 360 Technology Co. Ltd. Analyst Notes
On April 23, 2014, Qihoo 360 Technology Co. Ltd. (Qihoo 360) announced that it has formed a strategic partnership with Sungy Mobile Limited. Qihoo 360 will utilize Sungy Mobile's international app distribution platform to launch various mobile security and mobile utility applications, comprising of system cleanup and battery management apps, in key markets such as the U.S. According to the Company, through this partnership, more and more overseas users will be able to enjoy the same level of high quality protection and convenience provided by Qihoo 360, along with currently over 500 million Chinese smartphone users. Commenting on the development, Hongyi Zhou, Chairman and CEO, Qihoo 360, said, "We are extremely excited to work with Sungy Mobile through this partnership. The two companies have a lot in common in focusing on delivering the best and most innovative products and services to mobile users." The full analyst notes on Qihoo 360 are available to download free of charge at:
Cree, Inc. Analyst Notes
On April 22, 2014, lighting solutions provider Cree Inc. (Cree) announced revenue of $405.3 million for Q3 FY 2014 (period ended March 30, 2014), representing a 16.2% YoY increase. On a non-GAAP basis, net income was $47.7 million, or $0.39 per diluted share, compared to non-GAAP net income of $40.8 million, or $0.34 per diluted share in Q3 FY 2013. Looking ahead, for Q4 FY 2014 (period ended June 29, 2014), Cree is targeting revenue in the range of $430 million to $460 million, while GAAP net income is targeted at $28.2 million to $36.3 million, or $0.23 to $0.29 per diluted share. Shares of Cree tumbled 12.08% on April 23, 2014, ending the trading session at $51.04. The full analyst notes on Cree are available to download free of charge at:
Lexmark International Inc. Analyst Notes
On April 22, 2014, shares of Lexmark International Inc. (Lexmark) sank 11.2% closing at $41.52 after the Company reported solid Q1 2014 results, but weak forward earnings guidance. Lexmark reported total revenue of $877.7 million for Q1 2014, down 0.75% YoY, but beating average analysts' estimate of $855.8 million. The Company reported GAAP earnings of $0.46 per share in Q1 2014, down by 25.8% YoY because of weaker revenue in its product segment and higher operating expenses. For Q2 2014, the Company forecasted an adjusted profit of $0.85 to $0.95 per share on a revenue decline of 2% to 4%. Analysts, on average, were looking for Q2 2014 earnings of $0.94 per share on revenue of $856.08 million. The full analyst notes on Lexmark are available to download free of charge at:
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