Roth Capital believes that The Ultimate Software Group, Inc. (NASDAQ:ULTI)’s Q1 guidance was conservative, and the firm has an upside bias to the Q1 earnings. Roth thinks the stock has reached one of its best entry points in recent years, and deserves a higher valuation. The firm reiterates a $180 price target and Buy rating on the stock. Analysts have a consensus price target of $156 on The Ultimate Software Group, Inc. (NASDAQ:ULTI) which indicates a 22% upside. The consensus rating of the stock is a BUY with a score of 2.69. There are currently 5 Hold ratings and 11 Buy ratings…
Author: Lisa Bowe
Data-driven marketing and loyalty-program company Alliance Data Systems Corporation (NYSE:ADS) reported Q1 core earnings above expectations and raised its guidance for the year, but even the raised 2014 earnings view was below Street expectations as the company forecast Q2 core earnings well below analysts’ consensus. Net income attributable to stockholders rose to $137.4 million, or $2.08 per share, from $129 million, or $1.92 per share, a year earlier. Core earnings, which exclude one-time items, rose to $2.79 per share from $2.55 per share, topping analysts’ mean estimate of $2.72 per share according to Capital IQ and exceeding the company’s own guidance of $2.70. Revenue…
Netflix Inc., (NASDAQ:NFLX) is preparing to launch its internet streaming video service in Germany this September, reports GigaOM, which cites a report from German-language site Curbed, which cites people with knowledge of the process. Analysts have a consensus price target of $359.71 on Netflix Inc., (NASDAQ:NFLX) which indicates a 6.42% upside. The consensus rating of the stock is a HOLD with a score of 2.26. There are currently 23 Hold Ratings, 4 sell ratings and 15 Buy ratings on the stock. The most recent analyst action consisted of Oppenheimer upgrading the stock from Market Perform to Outperform on April 7th, 2014.…
Techne Corporation(NASDAQ:TECH) announced that its R&D Systems China subsidiary has entered into an agreement to acquire 100% of the ownership interest of Shanghai PrimeGene Bio-Tech. PrimeGene is a leader in the China market in the development, manufacture and distribution of recombinant proteins for research and diagnostic applications. The transaction is expected to close in the Q4, subject to the satisfaction of certain closing conditions. The acquisition is not subject to any financing contingencies. Wang Huisheng will continue to serve as General Manager of PrimeGene following the closing. Analysts have a consensus price target of $87 on Techne Corporation(NASDAQ:TECH) which indicates a…
Citigroup says ServiceNow Inc(NYSE:NOW) remains its favorite high growth stock following the 30% pullback in shares. Citi believes the company can continue gaining market share versus BMC and it keeps a Buy rating on the name with a $70 price target. :th Analysts have a consensus price target of $64 on ServiceNow Inc(NYSE:NOW) which indicates a 27% upside. The consensus rating of the stock is a BUY with a score of 2.86. There are currently 4 Hold ratings, 1 Strong Buy and 17 Buy ratings on the stock. A recent analyst action consisted of Evercore Partners upgrading the stock from Equal Weight…
Pure Cycle Corporation(NASDAQ:PCYO) is trading marginally higher in after-hours trade as the wholesale water and wastewater services company reports its financial results for the six months ended February 28, 2014. Basic and diluted loss per share decreased 38% to $0.05 for the six-month period, compared to a loss of $0.08 per share in last year. Revenues increased to $1.3 million, compared to $872,900 a year ago. Shares of PCYO are up 0.01% at $5.12 after-hours. Quad/Graphics, Inc.(NYSE:QUAD) priced a private offering of $300 million of its 7% senior notes due 2022. The offering is expected to close on April 28, 2014. Quad/Graphics…
Amazon.com, Inc. (NASDAQ:AMZN) is actively courting game developers who can help the company build out an app platform that could compete with the app stores of Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG), Reuters reported. Gaming is the top revenue generator on smart phones and tablets, which is forcing Amazon to compete in that space for users and developer time, Reuters said. Last week, Amazon unveiled Fire TV, a streaming device that allows users to play game on their televisions. The company is hiring veteran developers for its in-house gaming studio, according to Reuters. Analysts have a consensus price target of $415…
In a recent analyst note issued by Morningstar the research firm argues that now might be an opportune time to buy the stock as it trades 20% lower than it’s price target of $400. In the note, the analyst stated: After pushing a recent high of almost $380 in late March, Amazon shares have pared back to just over $320 over the past few weeks and now trade at almost a 20% discount to our $400 fair value estimate. We attribute the weakness more to an increasingly risk-sensitive market and less to company-specific factors, as Amazon has recently announced several…
Fourth-quarter (January) adjusted EPS of $0.83, 38% same-week growth, were equal to consensus, and within management’s $0.82-$0.85 guidance. A revenue shortfall was offset by SG&A favorability. Revenues of $472 million, 26% same-week growth, were below the $491 million consensus and the $490 million-$500 million guidance. The 17% comp-store sales gain trailed the 23.5% consensus; direct-channel revenues increased slightly over 30% on a same-week basis. Management attributed the revenue shortfall to the compressed holiday season, widespread adverse weather in December and January, and a decision to cut holiday gift book circulation by 20%-30% that hurt revenues more than expected. Gross margin…
Dick’s fourth-quarter results were in line with its preannouncement, although we view additional perspective on its outlook as a positive. Near term, the outlook calls for healthy comp-store sales growth despite the adverse weather conditions throughout much of February, which are wreaking havoc in many parts of retail. While weather favorably affected parts of the fourth quarter, the significant comp-store sales outperformance leads us to believe that additional advertising, stepped-up store labor, and opening-price-point tweaks are working. Moreover, e-commerce penetration is increasing at a rapid clip and is well above market growth rates, driven by continued omnichannel investment and the…
We met with RBC Bearings management on Thursday at the company’s headquarters in Oxford, CT, and came away confident that the company’s aerospace bearings business remains solidly on track for low- to midteens revenue growth in fiscal 2015, in line with Boeing (BA $121.89) and Airbus production growth. While RBC Bearings’ industrial business is poised to rebound, the company noted that current end-market conditions were far less definitive about the pace of the recovery in demand for industrial bearings, with conflicting signals across many industrial end-markets. The company noted that oil and gas remains the strongest industrial market rebound underway,…
Mattress Firm Holdings Corp fourth-quarter results and the underlying 2014 outlook were in line with the company’s prea-nnouncement on February 18. While underlying industry trends remain muted (made worse by adverse weather conditions), increased acquisition activity is setting the stage for stronger growth once trends rebound and the company realizes further benefits from its market share strategy. The company’s low-single-digit compstore sales expectation for 2014 would seem reasonable versus a similar level this past year, especially considering stepped up vendor advertising, although not back to historical levels; new product introductions; and improving consumer confidence. Based on the fourth-quarter experience, the…