Month: November 2018

Aon plc ’s AON recently issued $350 million of 10-year senior unsecured notes have received credit rating from Moody's Investors Service (Moody's). The rating agency has allocated a Baa2 rating these notes. The outlook for the parent company and Aon Corporation remains stable […]

Credit rating giant Moody's Investors Service (Moody’s) recently allocated definitive A2 insurance financial strength (IFS) ratings to American International Group, Inc. ’s AIG arms, namely- UK-based American International Group UK Limited (AIG UK) and Luxembourg-based AIG Europe S.A. […]

Ambarella Inc. AMBA reported third-quarter fiscal 2019 results wherein earnings beat the Zacks Consensus Estimate while revenues were in line with the same. However, on a year-over-year basis, both the top- and bottom-line results registered a decline. […]

CVS Health Corporation CVS has finally completed the long-awaited $70-billion consolidation of Aetna. This came close on the heels of the company getting the final regulatory approval required for wrapping up this colossal merger. […]

HP Inc. HPQ reported fourth-quarter fiscal 2018 non-GAAP earnings from continuing operations of 54 cents per share, meeting the Zacks Consensus Estimate. The metric, however, improved 23% on a year-over-year basis […]

AXIS Insurance, an insurance business line of AXIS Capital Holdings Limited AXS , recently unveiled a consolidated Global Cyber and Technology unit. This unit will be part of AXIS Insurance’s Professional Lines Division and with its introduction, AXIS Capital will combine its U.S. Cyber, Technology, Media and Miscellaneous Professional Liability businesses into a unified Global Cyber and Technology unit. […]

United Continental Holdings, Inc .’s UAL wholly owned subsidiary United Airlines seems to be on an expansion spree with successive announcements made only this month for several new and ramped up domestic as well as international services. This time, the Chicago, IL-based airline has announced plans to boost connectivity to Germany witha new nonstop service from itshub at Denver International Airport to Frankfurt. On approval from the government, the carrier intends to begin this year-round service May 2, 2019 onward. […]

Palo Alto Networks PANW delivered first-quarter fiscal 2019 non-GAAP earnings of $1.17 per share, which not only improved 56% on a year-over-year basis but also surpassed the Zacks Consensus Estimate of $1.05. Palo Alto’s revenues of $656 million surged 31% year over year, outpacing the Zacks Consensus Estimate of $632 million. The impressive results were mainly driven by a healthy demand environment, product strength and an increasing adoption of the company’s next-generation security platforms […]

We have recently issued an updated research report on Renesola Ltd. SOL . […]

Universal Technical Institute, Inc. UTI recently reported fiscal fourth-quarter 2018 results, wherein loss of 49 cents per share was in line with the Zacks Consensus Estimate. However, quarterly revenues of $80.3 million missed the consensus mark of $81.3 million by 1.3% […]

Iron Mountain Incorporated IRM recently announced plans to strengthen its strategic partnership with Carbonite, Inc. CARB . Particularly, the partnership will enable Iron Mountain to integrate the Carbonite Data Protection Platform into its data management platform, Iron Cloud. […]

Despite crude being on an upward trajectory for most part of 2018 and shale producers reaping profits, the picture for oilfield services players has not been rosy. One such offshore and land-based drilling services provider TechnipFMC plc FTI has been in the red territory for quite some time now. The company’s stock price movement has not been quite impressive, with its shares declining almost 10% over the past month. […]

EQM Midstream Partners, LP EQM expects Mountain Valley natural gas pipeline work to be completed in the fourth quarter of 2019, per Reuters. However, some legal obstacles are still looming on the future of the project. Recently, the U.S. […]

Acquired Immuno Deficiency Syndrome, popularly known as AIDS, is a pandemic caused due to the infection of human immunodeficiency virus (“HIV”). The virus weakens the immune system by destroying cells that fight diseases and infections, eventually leading to AIDS. Medicines for the treatment of HIV are called antiretroviral therapy (“ART”) that slow or put a check on the progression of the disease […]

RH RH is expected to witness higher revenues, when it reports third quarter of fiscal 2018 results on Dec 4. In fact, revenues of RH Segment, accounting for 95% of its total revenues, will be driven by comparable brand revenue (comps) growth, the addition of new galleries and improvement in direct sales. […]

The Toronto-Dominion Bank ’s TD fourth-quarter fiscal 2018 (ended Oct 31) adjusted earnings came in at C$1.63 per share, up 20% year over year. Also, adjusted net income rose 17% from a year ago to C$3.05 billion ($2.34 billion). […]

Shares of Cracker Barrel Old Country Store, Inc. CBRL are riding high on unit growth and increased focus on retail business and menu innovation. In the past three months, the stock has increased 23.5% compared with the industry ’s 10.8% rally. […]

Alliance Data Systems Corporation ’s ADS card services business has inked a deal with Penn National Gaming (PENN) to provide credit card services to the latter. The agreement with Alliance Data will help strengthen Penn National's player database and ensure customer loyalty, which, in turn, will improve its top line. Penn National Gaming is North America's largest regional gaming and entertainment company and operates 40 properties in the United States. […]