Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- 3 Dreamy Small-Cap Stocks
- Correction or Summer Range Trade?
- Hitting Home Runs & Grand Slams, Not Loud Outs
- Hedge Your Portfolio with the Equity Bear ETF
- Machinery Industry Stock Outlook - May 2013
- Determining Correct Position Size with Options
- This Week's Growth & Income Stocks
- RTI: Do Stocks Tank When QE Ends?
- 3 Top-Ranked Consumer ETFs to Buy Now
- AWS 5/23: Is the Market Over-Reacting?
- PFP 5/23: Do No Harm
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/23/2013
| Company Name | Symbol | %Change |
|---|---|---|
| WESTELL TECH | WSTL | 6.67% |
| STEIN MART I | SMRT | 5.38% |
| ALLIANCE FIB | AFOP | 5.21% |
| DAWSON GEOPH | DWSN | 4.33% |
| MARRIOTT VAC | VAC | 3.27% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
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 support@zacks.com or call 800-767-3771 ext. 9339.
TriQuint Semiconductor Inc. ( TQNT - Analyst Report ) recently settled its three-year old dispute with rival Avago Technologies Limited ( AVGO - Snapshot Report ) .
Both TriQuint and Avago have entered into patent cross licenses and agreed to dismiss all related litigation. Further, the companies have agreed to settle all claims between them.
The dispute started in 2009 when TriQuint filed a complaint in the United States District Court for the District of Arizona against Avago. In the complaint, TriQuint claimed that the four U.S. patents owned by Avago are not infringed and are invalid. These charges were denied by Avago which further asserted that TriQuint products’ infringed upon ten of Avago's U.S. patents.
Both the companies did not disclose the specific terms of the settlement and the resulting licensing agreement.
Last month, management guided that the bottom line in the second quarter of 2012 will be severely hit due to weak revenue and higher litigation costs. Litigation expenses were $3.9 million in the first quarter. TriQuint expects to incur about $11 million in litigation expenses in the second quarter of 2012.
Meanwhile, net income plummeted 56% sequentially and 85% year over year to $1.9 million in the first quarter of 2012. EPS came in at $0.01 compared with ($0.06) in the year-ago quarter and $0.03 per share in the previous quarter. Excluding restructuring charges but including stock-based compensation, earnings per share came in at $0.01, in line with the Zacks Consensus Estimate.
The earnings estimates have shown a drastic decline in the last thirty days driven by the weak outlook provided by the company. All the four analysts covering the stock lowered their estimates leading to a significant fall in estimates.
The current Zacks Consensus Estimate for 2012 is ($0.16), down from $0.17, estimated thirty days ago.
We have a Neutral recommendation on TriQuint as of now. However, the stock has a Zacks #5 Rank, which translates into a short-term rating of Strong Sell, owing to the near-term pressure exerted by the weak outlook provided by management.
Read the full Analyst Report on TQNT
Read the full Snapshot Report on AVGO