HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING VIDEO EDUCATION SERVICES
Quote:
Login Free Membership
Search:

Press Releases  

Xilinx, Navigant Consulting, Wells Fargo, Morgan Stanley and Citigroup

Share
May 11, 2009 |Comments: 0
Recommended this article (0)
XLNX | NCI | WFC | MS | C

For Immediate Release

Chicago, IL – May 11, 2009 – Zacks Equity Research highlights Xilinx (XLNX) as the Bull of the Day and Navigant Consulting (NCI) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Wells Fargo (WFC), Morgan Stanley (MS) and Citigroup (C).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all five stocks:

Bull of the Day:

Xilinx (XLNX) reported revenues of $395.0 million in Q4:09, down 17% y/y and down 14% q/q. Sales from all geographies and end markets declined as expected. GAAP EPS came in at $0.26 while the non-GAAP EPS came in at $0.20.

For full fiscal 2009, sales of $1.83 billion were down 1% from 2008. Sales from Asia- Pacific increased 15% year over year driven by strong sales to communications customers. Sales from all other geographies were flat or down in fiscal 2009. GAAP EPS came in at $1.36.

Going forward, visibility remains poor and hence management is providing a wide revenue range. Revenues are expected to be up 4% or down 4% sequentially. Sales from Asia Pacific and Japan/> are expected to be up while sales from Europe and America/>/> are expected to decline. Tax rate is projected to be approximately 21%, while the share count on a fully diluted basis should be 275 million. We continue to rate Xilinx a Buy with a target price of $22.

Bear of the Day:

Shares of Navigant Consulting (NCI) are trading at 17.2x and 16.1x our 2009 and 2010 EPS estimates, respectively, and at a 9% premium to the 2009 peer group average.

The company's 2008 acquisition of Chicago Partners has offset revenue and operating income declines in its existing business segments.

Until we see further evidence that NCI can improve utilization rates and operating results in its largest operating segments, we believe that a premium valuation, relative to the peer group average, is unwarranted. Our price target reflects of multiple of 13x our 2009 EPS estimate.

Latest Posts on the Zacks Analyst Blog:

Stress Test Positives & Negatives

Perhaps the greatest achievement of the stress tests is that the uncertainty surrounding them is now over. The banks need a total of $74.6 billion of additional capital; they are expected to submit their plans by June 8 and raise it by November.

And they are already coming out with the plans either to tap the public markets, like Wells Fargo (WFC) and Morgan Stanley (MS), or to convert preferred shares into common equity or sell assets/business line, like Citigroup (C). However, the few weakest ones may still need a government bailout.

Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.

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 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. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2677.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which 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.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contacts:

Mark Vickery

312-265-9380

Visit: www.zacks.com

Read the full analyst report on XLNX

Read the full analyst report on NCI

Read the full analyst report on WFC

Read the full analyst report on MS

Read the full analyst report on C

 
Add a Comment

Please login or register to post a comment


Email

Print

Share

Rate Pos

Rate Neg

Comment

More Zacks Resources

Market Summary Feb 10, 2012 12:03 pm ET
DJIA 12774.36  -116.10 -0.90%
NASD 2910.22  -17.01 -0.58%
S&P 500 1342.57  -9.38 -0.69%
Partner Center