Month: September 2017

Oil and gas drilling operator, Nabors Industries Ltd. NBR recently agreed to buy Norwegian drill-floor solution developer, Robotic Drilling Systems. This marked Nabors’ second acquisition in August following the transaction to buy Tesco Corporation TESO earlier this month . […]

Ciena Corp. CIEN reported fiscal third-quarter 2017 non-GAAP earnings of 51 cents, which increased 21.4% on a year-over-year basis and beat the Zacks Consensus Estimate of 49 cents. Revenues of $728.7 million increased 8.7% year over year and beat the consensus mark of $726.9 million. […]

This Labor Day weekend is likely to see high air travel, fueled by affordable ticket prices. A strong economy and low jobless rate are also encouraging Americans to book trips for the last big travel weekend this summer. With this combination, investors should consider airline companies positioned to grow on the back of this near-term surge in travel demand. […]

Community Health Systems, Inc. ’s CYH subsidiaries have closed the sale of two Washington hospitals and their associated assets to Regional Health. These divestitures are part of the company’s plans of selling 30 hospitals and generating funds to minimize its debt level […]

Box, Inc. BOX fiscal second-quarter 2018 adjusted loss was 11 cents per share, narrower than the Zacks Consensus Estimate of a loss of 13 cents per share. Revenues came in at $122.9 million, surpassing the consensus mark of $121.6 million […]

On Aug 31, we issued an updated research report on California-based Intel Corporation INTC . The company is one of the world’s largest manufacturers of semiconductor products. Intel has beaten the Zacks Consensus Estimate in the trailing four quarters, delivering an average positive surprise of 5.59%. […]

On Sep 1, Juniper Networks Inc. JNPR was upgraded to a Zacks Rank #1 (Strong Buy). […]

The second-quarter reporting cycle has almost ended with only nine S&P 500 stocks left to report as of Aug 25, 2017. All the sectors, excluding Auto and Conglomerates, have recorded earnings growth in the quarter. Total earnings increased 11.2% in the second quarter on the back of 5.6% revenue growth from the year-ago period […]

On Aug 31, we issued an updated research report on Charter Communications Inc. CHTR , the second largest cable MSO (multi service operator) in the United States. […]

World’s six largest banks have joined forcesto make a new form of digital currency, the launch for which is scheduled next year. Financial transactions are going to be settled over blockchain, the technology that bitcoin uses. The news was first reported by Financial Times […]

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? […]

Hurricane Harvey gave a severe jolt to a number of industries, including auto. It is being reportedly said that Harvey has destroyed more vehicles than any other previous natural calamity in the United States. Notably, Texas is the second-largest auto market in the United States, after California […]

Tenet Healthcare Corporation THC has announced that its chairman and CEO Trevor Fetter will quit his position of director and chief executive officer. This will be effective Mar 15, 2018, or earlier when the company finds a suitable replacement. Though Mr. […]

Jacobs Engineering Group Inc. JEC recently boosted its inorganic growth trajectory by acquiring Blue Canopy — a premium cybersecurity, data analytics and application development firm. This move is likely to strengthen Jacobs Connected Enterprise (“JCE”) solutions’ business, going forward. […]

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value? […]

Leading master limited partnership (MLP), Enterprise Products Partners L.P. EPD announced that the partnership’s plants in the Texas Gulf Coast have suffered minor damages from the cumulative effects of the tropical storm, Harvey. […]

Avista Corp.’s AVA operating division Avista Utilities, recently filed an Electric Integrated Resource Plan (IRP) for 2017 with the Washington and Idaho public utility commissions. The IRP is a 20-year plan to cater to the needs of customers by providing them a source of safe and cost-effective energy. The recently filed IRP is in sync with the company’s strategy of meeting customers’ energy demands by 2026, which it intends to achieve through adequate resources and controlled generation contracts […]

Continued strong demand for mental and behavioral health and support from government for increased funding for opioid addiction programs along with strong fundamentals have driven growth at Acadia Healthcare Co., Inc. ACHC . The same is reflected in the company’s share price, which has gained a whopping 42% year to date, significantly outdoing the mere 3% growth for the industry it belongs to. […]

The Middleby Corporation MIDD recently fortified its footprint in the global commercial foodservice equipment market by acquiring QualServ Solutions, LLC (“QualServ”). Over the last three years, shares of this Zacks Rank #3 (Hold) stock yielded a return of 34.8%, outperforming 16.8% growth recorded by the industry . The company is poised to grow on the back of product launches, strategic business acquisitions, ongoing integration moves and greater cost discipline. […]