|By PR Newswire||
|April 19, 2013 09:55 AM EDT||
CHICAGO, April 19, 2013 /PRNewswire/ -- 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 Dish Network Corp. (Nasdaq:DISH), Sprint Nextel Corp. (NYSE:S), AT&T Inc. (NYSE:T), Verizon Communication Inc. (NYSE:VZ) and Rogers Communication Inc. (NYSE:RCI).
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 Thursday's Analyst Blog:
Moody's Places DISH Under Review
Credit rating agency, Moody's Investors Service has put the U.S. based satellite service provider, Dish Network Corp. (Nasdaq:DISH) on review for a possible downgrade. This decision by the agency is in response to DISH's proposal to acquire Sprint Nextel Corp. (NYSE:S) , the third-largest wireless carrier in the U.S., for $25.5 billion.
DISH has proposed to pay $7 per share, which includes $4.76 in cash and 0.05953 of DISH share for every Sprint share. This recent offer from DISH counters Japanese telecom carrier, SoftBank Corp.'s bid to buy 70% of Sprint's stake for a total consideration of $20.1 billion.
Currently, DISH Network holds a Ba2 corporate credit rating from Moody's, which places the third-largest U.S. satellite provider into junk category. Moody's has announced that it will evaluate the strategic synergies and the related growth opportunities for DISH from the acquisition, before assigning any outlook on the company.
The rating firm also said that it will scrutinize the financial risk of DISH from the acquisition, which includes assessing the leverage and liquidity position of the standalone company as well as that of the combined DISH-Sprint entity. Shareholders reacted negatively as the stock fell 1.6% in the aftermarket trade on Tuesday to close at $37.32.
If downgraded, this will be the second major setback for the company in quick succession as recently Standard & Poor's Rating Services (S&P) lowered its outlook on the company to Stable from Positive. The rating agency cited growing leverage of DISH coupled with uncertainty related to its wireless venture, as the primary reasons for this downgrade.
DISH Network argued that the proposed acquisition will allow it to provide triple-play services by combining its satellite network with Sprint's wireless network. Additionally, it will be able to counter stiff competition from market leaders AT&T Inc. (NYSE:T) and Verizon Communication Inc. (NYSE:VZ) , which dominate nearly 35% of the U.S. market.
However, DISH already possesses a highly leveraged balance sheet and fiscal 2012 with an enormous $11.6 billion in long-term debt. Recently, DISH Network raised $2.3 billion debt from the market.
The acquisition will further aggravate its debt position to $27.7 billion, which will increase the financial risk for the company in terms of higher interest payments and increased leverage. We believe that accessing the debt market to fund the acquisition might worsen its leverage position further, which in turn might affect its ratings.
Currently, DISH Network has a Zacks Rank #3 (Hold).
Rogers Buys BLACKIRON from Primus
Rogers Communication Inc. (NYSE:RCI), one of the leading telecom carriers of Canada, has acquired BLACKIRON Data from Primus Telecommunications Group for a cash consideration of $200 million. The acquisition will allow Rogers to expand its reach within the enterprise segment spread across Canada.
BLACKIRON Data is an innovator in data centre and cloud computing services and has approximately 4,000 customers. BLACKIRON offers a wide range of IT infrastructure solutions including Customer Relationship Management (CRM) and works closely with clients to deliver value to their business.
Acquisition of BLACKIRON will allow Rogers Business Solutions (RBS) to strengthen its capacity and coverage across Canada as almost 80% of all Canadian businesses are located within 200 km of a BLACKIRON Data centre.
Notably, BLACKIRON owns and operates 8 data centres across five important cities of Canada and has recently opened a contemporary data centre in Markham, Ontario. The data centre has expanded its current operations by 45%. This strengthens RBS's position in Ontario, where it already owns two data centres and has partnerships with multiple cloud vendors.
Combining Rogers' fibre-based network with BLACKIRON's advanced range of data centres will allow the Canadian telecom company to become a turnkey IT infrastructure solution provider for enterprise clients. BLACKIRON, which has 132 skilled professionals, reported an EBITDA margin of 38.6% on annual revenue of $33.7 million at the end of 2012.
Companies providing cloud computing service continue to flourish as virtualization has become essential for business enterprises to reduce costs and for exploring the markets worldwide.
We believe that integrating BLACKIRON with RBS's network will facilitate the latter to serve a wider customer base and strengthen its position in the Canadian B2B (business to business) market.
Rogers currently carries a Zacks Rank #2 (Buy).
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.
SOURCE Zacks Investment Research, Inc.
Sensors and effectors of IoT are solving problems in new ways, but small businesses have been slow to join the quantified world. They’ll need information from IoT using applications as varied as the businesses themselves. In his session at @ThingsExpo, Roger Meike, Distinguished Engineer, Director of Technology Innovation at Intuit, showed how IoT manufacturers can use open standards, public APIs and custom apps to enable the Quantified Small Business. He used a Raspberry Pi to connect sensors...
Feb. 14, 2016 04:30 AM EST Reads: 401
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 14, 2016 04:00 AM EST Reads: 485
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 14, 2016 04:00 AM EST Reads: 258
Eighty percent of a data scientist’s time is spent gathering and cleaning up data, and 80% of all data is unstructured and almost never analyzed. Cognitive computing, in combination with Big Data, is changing the equation by creating data reservoirs and using natural language processing to enable analysis of unstructured data sources. This is impacting every aspect of the analytics profession from how data is mined (and by whom) to how it is delivered. This is not some futuristic vision: it's ha...
Feb. 14, 2016 03:45 AM EST Reads: 476
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 14, 2016 03:30 AM EST Reads: 388
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Feb. 14, 2016 02:00 AM EST Reads: 433
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Feb. 14, 2016 01:15 AM EST Reads: 292
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 13, 2016 11:15 PM EST Reads: 314
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 13, 2016 09:00 PM EST Reads: 258
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
Feb. 13, 2016 08:45 PM EST Reads: 400
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 13, 2016 08:00 PM EST Reads: 153
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 13, 2016 07:00 PM EST Reads: 421
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 13, 2016 04:45 PM EST Reads: 208
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
Feb. 13, 2016 04:00 PM EST Reads: 513
SYS-CON Events announced today that FalconStor Software® Inc., a 15-year innovator of software-defined storage solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. FalconStor Software®, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged, hardware-agnostic, software-defined storage and data services platform. Its flagship solution FreeStor®, utilizes a horizonta...
Feb. 13, 2016 02:30 PM EST