This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – June 11, 2013 – Zacks Equity Research highlights Integrated Device Technology ((IDTI - Snapshot Report)-Free Report) as the Bull of the Day and Bridgepoint Education (BPI - Snapshot Report)-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on the Liberty Global Inc. (LBTYA - Analyst Report)-Free Report), Comcast Corp. (CMCSA - Analyst Report)-Free Report) and News Corp. (NWSA - Analyst Report)-Free Report).
Here is a synopsis of all five stocks:
Bull of the Day:
Integrated Device Technology ((IDTI - Snapshot Report)-Free Report) Has put together a number of positive earnings surprises and that stock has risen to a Zacks Rank #1 (Strong Buy). It is the Bull of the Day.
The company is selling off some old business lines, including the recent sale of PCI Express to PMC for $100M in cash. That deal follows a March transaction with Atmel for smart meter business. Some would say the shrinking down and getting to a laser focus on the core is simply the company cleaning itself up for an acquisition. I could not agree more, but I also like the business lines, wireless power and the big move in estimates.
Integrated Device Technology is a timing chip company that allows the processor and switches. Rapid IO switches are key to their communications product set and sees China Mobile as being a huge customer in the coming year. RF or radio frequency is also another area of expertise as is the wireless power segment. So they have a lot of things going on in some interesting areas that are going to be seeing growth for some time.
Looking to the earnings history, I see a stock that has beaten the number 5 of the last 6 reports, with the exception being a time when the company met estimates. The most recent quarter was a loss of $0.02, but that was two cents better than the loss of four cents that analysts were expecting. I expect the company to swing back to profitability in the coming quarter.
Bear of the Day:
Bridgepoint Education (BPI - Snapshot Report)-Free Report) Has put together a number of positive earnings surprises and that stock has risen to a Zacks Rank #4 (Sell). It is the Bull of the Day.
The stock has run up quite dramatically over the past six weeks. The stock is up more than 20% since the start of May, but at the same time, earnings estimates have been moving in the opposite direction.
Bridgepoint Education provides postsecondary education services. Its academic institutions, Ashford University and University of the Rockies offer associate's, bachelor's, master's, and doctoral programs in the disciplines of business, education, psychology, social sciences, and health sciences. The company was formerly known as TeleUniversity, Inc. and changed its name to Bridgepoint Education, Inc. in February 2004. Bridgepoint Education, Inc. was founded in 1999 and is headquartered in San Diego, California.
Looking to the earnings history, I see a stock that has missed the number in two of the last three reports and posted an earnings meet in the other instance. The September 2012 quarter came in 17% below expectations and the following quarter was a negative earnings surprise of 3.3%.
Liberty Global Gets Virgin Media
Liberty Global Inc. (LBTYA - Analyst Report)-Free Report) finally completes the acquisition of the British cable MSO, Virgin Media. On Feb 2013, Liberty Global decided to acquire a 100% stake in Virgin Media in a cash and equity deal. The deal is worth around $15.8 billion or an enterprise value of nearly $23.3 billion.
On Jun 7, the company declared that it has finally received shareholders’ approval, regulatory approvals including both the U.S. and European and completed other customary closing conditions to acquire Virgin Media.
The acquisition makes Liberty Global the largest cable TV MSO (multi service operator) in the world, surpassing Comcast Corp. (CMCSA - Analyst Report)-Free Report), the largest cable MSO of the U.S. Together, Liberty Global and Virgin Media will have approximately 25 million subscribers compared with nearly 22 million subscribers of Comcast.
In the U.K., the merged entity will become a formidable challenger to British Sky Broadcasting Group plc., which is the largest pay-TV operator in the U.K. and is partially controlled by News Corp. (NWSA - Analyst Report)-Free Report).
Liberty Global is gradually establishing a strong foothold in the European cable TV market. On Apr 2013, Liberty Global acquired a 12.65% ownership of Ziggo, the largest cable MSO in the Netherlands. Ziggo also competes with telecom operators
Get today’s Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Click here to subscribe to this free newsletter today.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Get the full Report on IDTI- FREE
Get the full Report on BPI - FREE
Get the full Report on LBTYA - FREE
Get the full Report on CMCSA - FREE
Get the full Report on NWSA - FREE
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks Investment Research
800-767-3771 ext. 9339
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.