Welcome!

News Feed Item

Zacks Bull and Bear of the Day Highlights: Xzeres, DryShips, DISH Network, Sprint Nextel and AT&T

CHICAGO, Dec. 28, 2012 /PRNewswire/ -- Zacks Equity Research highlights Xzeres Corp (OTC:XPWR) as the Bull of the Day and DryShips (Nasdaq:DRYS) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on DISH Network Corp. (Nasdaq:DISH), Sprint Nextel Corp. (NYSE:S) and AT&T Inc. (NYSE:T).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.

Here is a synopsis of all five stocks:

Bull of the Day:

Xzeres Corp (OTC:XPWR) was upgraded from Neutral to Outperform  as quarterly sequential revenue growth resumed last quarter. Third fiscal quarter results are expected in mid-January.

XZERES is positioned to benefit from the growth of the small wind energy industry. Access to capital through three separate financings over the last eight months, at first stabilized, and then, grew the company s revenue base.

XPWR reported second quarter earnings of -$0.06 per share. Second quarter earnings were better than year ago earnings of -$0.09 per share. The Zacks Estimate for the third quarter earnings is a loss of $0.05 per share, an improvement from the previous quarter.

 Bear of the Day:

DryShips (Nasdaq:DRYS) was recently downgraded from Neutral to  Underperform.  The downgrade was based on current volatile conditions of the shipping industry.

In the most recent quarter revenue improved on a year over year basis but earnings per share swung from positive to negative.  It was the third quarter in a row the company reported a loss and two more quarters of losses are expected.

The dry bulk shipping and oil tanker industry are facing severe challenges as the vessel rate collapsed even below the rate during the recession. We believe the sole reason for this dismal condition is the sheer increase of vessels under operation that resulted in intense price competition.

We have a long term Underperform recommendation on the stock. Our target price of $1.50 is based on approximately 0.16x price to book metric.

Latest Posts on the Zacks Analyst Blog:

DISH Demands More Time from FCC

DISH Network Corp. (Nasdaq:DISH) – the second largest satellite TV operator in the U.S. – plans to ask the Federal Communications Commissions (FCC) for more time to file a petition against the Sprint Nextel Corp. (NYSE:S) and Japan's SoftBank Corp. deal, as the latter plans to takeover Sprint.

DISH Network's decision to oppose SoftBankCorp.'s proposal to buy Sprint's 70% stake for $20.1 billion has come up as a result of Sprint's recent plan to buyback Clearwire Corp. for $2.2 billion.

Earlier, in a report presented by the FCC and Citibank in 2010, Clearwire owed 134 MHz of spectrum belonging to 2.5 GHz band. So, the acquisition of Clearwire will not only make Sprint (the third largest carrier in U.S.), the largest Spectrum holder in the U.S. with 185 MHz of combined spectrum but will also widen the gap with two top carriers – Verizon Wireless and AT&T Inc. (NYSE:T) with 77 MHz and 83 MHz spectrum, respectively.

DISH Network – already holds 40 MHz of satellite spectrum and recently received – the FCC nod – to utilize those unused spectrum to set up a wireless network. Consequently, the company believes that Sprint's decision to acquire full stake in Clearwire may not only give access to nearly 134 MHz of spectrum but will also create a much dominant force in the wireless industry.

Moreover, if SoftBank becomes successful in acquiring Sprint, it will give access to nearly 184 MHz of spectrum (51 MHz of Sprint and 134 MHz of Clearwire), hence making a foreign company the largest holder of spectrum, which is also not in the best interest of the country. However, Clearwire's spectrums are less popular in U.S. market as it uses high frequency band while most smartphone and tablets in the coutry uses low frequency band.

Similar instance took place when the FCC ruled out AT&T's plan to buyout T-Mobile USA (a U.S. subsidiary of Germany-based Deutsche Telekom), which may result in a monopoly if the deal materialized as AT&T will then become the largest holder of spectrum in the country with nearly 125 MHz spectrum.

So, it is to be seen how the FCC deals with the situation whether to give its approval to improve spectrum shortage crisis or to protect the U.S. wireless market from foreign threats.

We maintain our long-term Neutral recommendation on DISH Network. Currently, it has a short-term Zacks #3 Rank (Hold) on the stock.

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 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. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=7158.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard 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=4582.

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.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]

http://www.zacks.com

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...