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 firstname.lastname@example.org or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – May 24, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Accenture plc ( ( ACN - Snapshot Report ) ), salesforce.com Inc. ( ( CRM - Analyst Report ) ), Facebook ( FB - Analyst Report ) , IBM Corp. ( ( IBM - Analyst Report ) ) and Magna International Inc. ( ( MGA - Analyst Report ) ).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
Accenture, Salesforce.com Extend Ties
Information technology (IT) services provider Accenture plc ( ( ACN - Snapshot Report ) ) is set to strengthen its long-standing business relationship with the ace cloud vendor salesforce.com Inc. ( ( CRM - Analyst Report ) ). In an attempt to expand its breadth of cloud offerings (which will be developed by Salesforce) via its global delivery network, Accenture recently announced that it will open new Cloud Centers of Excellence across the U.S. and U.K.
The relationship between Accenture and Salesforce goes way back to 2004, when the former identified the relevance of cloud computing for businesses and tried to deliver suitable services in conjunction with Salesforce. Accenture delivers various Software-as-a-Service (SaaS) solutions developed by Salesforce.
The duo’s combined capabilities produced a number of management-oriented solutions that have helped organizations to achieve business excellence and cost optimization in the areas of customer service and support, sales force automation, and supply chain and human resources management.
Accenture and Salesforce.com has transformed the way of handling customer service through salesforce.com’s “Service Cloud 3.” This application helps organizations to identify and solve customer issues on a timely basis. Not only this, but respective customers are provided with the option of communicating their problems via phone, email, or even via popular social networking platforms such as Twitter and Facebook ( FB - Analyst Report ) .
Accenture affirmed that Salesforce’s solutions drive most of the growth at its SaaS business. There is no doubt that the new cloud centers will attract new businesses through the development of advanced solutions.
Apart from this, the company announced its intention to open an Innovation Center in London, which will showcase any upcoming solution jointly developed by the two. This would boost cloud-consciousness and create a prospective market for the solutions, in our view.
Accenture’s cloud venture is appreciating, which shows that the company’s fundamentals will remain solid even in the face of economic uncertainty. We notice that Accenture is keen on expanding its business in Europe too.
In its second quarter 2012 ending February, Accenture generated roughly 40.0% of its revenue from Europe. In fact, the contribution from European increased 8.0% year over year. The statistic is quite encouraging, especially at a time when Europe is in the midst of economic turmoil.
This apart, we see continuous product launches and deal wins as positives. However, low-margin government deals, foreign exchange fluctuations and stiff competition from IBM Corp. ( ( IBM - Analyst Report ) ) keep us on the sidelines.
Currently, Accenture has a short-term Hold rating, denoted by the Zacks #3 Rank.
Magna Upgraded to Outperform
We have upgraded our long-term recommendation on Magna International Inc. ( ( MGA - Analyst Report ) ) to Outperform from Neutral. The company is likely to reap benefits from the new emission standard in the U.S., which will boost demand for new auto parts and other components.
The company’s first quarter 2012 earnings per share of $1.46, surpassed the Zacks Consensus Estimate and a year-ago earnings of $1.30 by 12%. The earnings escalated owing to higher production and sales volumes along with profits generated from programs launched in 2011.
Revenues swelled 7% year over year to $7.7 billion, beating the Zacks Consensus Estimate of $7.4 billion. The increase in revenues was driven by an increase in production and sales in North America, Europe and in the Rest of the World.
Magna is extending its global footprint through significant acquisitions and expansions in recent times. The company, in order to pursue growth opportunities in emerging markets, has entered into a joint venture; MCC Wuhu Exteriors, with Changshu Automotive Trim Co. (34%) and Chery Tech. (15%) along with exterior and interior operating unit (51%) in China. It also acquired a 300,000-square-foot injection molding and painting facility in China.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
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: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT 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 at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
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.
Zacks Investment Research
800-767-3771 ext. 9339
Please login to Zacks.com or register to post a comment.