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Zacks Analyst Blog Highlights: Time Warner Cable, Netflix, Comcast, FactSet Research and MSCI
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For Immediate Release
Chicago, IL – March 17, 2011 – Zacks.com Analyst Blog features: Time Warner Cable Inc. (TWC - Analyst Report), Netflix Inc. (NFLX - Analyst Report), Comcast (CMCSA - Analyst Report), FactSet Research (FDS - Analyst Report) and MSCI Inc. (MSCI - Snapshot Report).
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Chicago, IL – March 17, 2011 – Zacks.com Analyst Blog features: Time Warner Cable Inc. (TWC - Analyst Report), Netflix Inc. (NFLX - Analyst Report), Comcast (CMCSA - Analyst Report), FactSet Research (FDS - Analyst Report) and MSCI Inc. (MSCI - Snapshot Report).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579
Here are highlights from Wednesday’s Analyst Blog:
Time Warner Cable to Boost iPad
Time Warner Cable Inc. (TWC - Analyst Report), the second-largest cable operator in the U.S., is launching new software that supports iPad applications to view live TV.
Time Warner Cable Inc. (TWC - Analyst Report), the second-largest cable operator in the U.S., is launching new software that supports iPad applications to view live TV.
The application allows subscribers to enjoy live cable television viewing on the iPad while at home. Initially, the application will support thirty high definition cable channels but later more channels will be included.
But there are few drawbacks relating to the smooth functioning of the application. Firstly, the new application can only be used by those who are subscribing for both video and Internet services of Time Warner Cable. Secondly, it will only function at home when both the iPad and the company's cable modem are linked through a Wi-Fi router.
Now-a-days, there are so many options available to the people to watch their favorite programs. So the customer’s expectations will gradually increase with the addition of more TV viewing options, which in turn will give rise to new degree of competitions.
There are few companies like Netflix Inc. (NFLX - Analyst Report) and Hulu Inc., which supports downloading of movies and TV shows in the iPad, but does not support live TV. Comcast (CMCSA - Analyst Report), the leader in the cable industry, declared that they will roll out their new application, which will support live TV by year-end 2011.
Few other cable companies boasting iPad applications perform dual functions. It is used for watching on-demand videos as well as it is used like TV remotes. But the new application by Time Warner Cable will not support remote functions nor does it give access to video on demand or shows stored on a digital video recorder.
Such functions will be incorporated in the coming years. Moreover, electronic instruments like laptops, smart phones and smart TVs will also benefit from the new applications in the coming years.
We, thus, maintain our long-term Neutral recommendation for Time Warner Cable Inc. Currently, Time Warner Cable Inc. has a Zacks #3 Rank, implying a short-term Hold rating on the stock.
FactSet Revenues Up, EPS Lags
FactSet Research (FDS - Analyst Report) reported second quarter 2011 EPS of 85 cents, below the Zacks Consensus Estimate of 87 cents.
Revenue
The company reported revenue of $177.6 million in the second quarter of 2011, up 13.0% from $157.3 million reported in the year-ago quarter. FactSet witnessed some benefits from the increase in demand in its served markets, and also witnessed improvement in the annual subscription value and client count.
Revenues from the U.S. were $121.5 million, up 14.0% compared to the year-ago quarter. Non-U.S. revenues also increased 11.0% to $56.1 million.
Guidance
For the third quarter of fiscal 2011, FactSet expects revenue in the range of $181 million to $184 million. Diluted EPS for the third quarter is expected to be in the 90 to 92 cent range.
For full fiscal year 2011, capital expenditures, net of landlord contributions, is expected to be $22 million to $28 million.
The company is witnessing some benefits from growing demand in overseas and developing markets, which also helped raise the client count. This apart, FactSet has a healthy cash balance.
Additionally, with the gradual recovery in the financial markets, spending on investment tools is also showing an improvement. On the other hand, Factset faces competition from MSCI Inc. (MSCI - Snapshot Report) that might rationalize the growth prospects of the company in the coming quarters.
We have a short-term Buy rating (Zacks Rank #2) on FactSet shares.
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Read the full analyst report on TWC
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