|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.
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 27, 2016 06:15 PM EDT Reads: 692
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 27, 2016 06:00 PM EDT Reads: 3,076
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Aug. 27, 2016 06:00 PM EDT Reads: 703
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 27, 2016 05:15 PM EDT Reads: 1,566
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 27, 2016 05:00 PM EDT Reads: 1,869
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Aug. 27, 2016 04:45 PM EDT Reads: 1,616
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 27, 2016 04:00 PM EDT Reads: 553
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 27, 2016 03:15 PM EDT Reads: 744
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 27, 2016 02:45 PM EDT Reads: 3,440
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 27, 2016 12:45 PM EDT Reads: 2,336
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 27, 2016 12:30 PM EDT Reads: 3,611
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 27, 2016 12:00 PM EDT Reads: 631
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 27, 2016 12:00 PM EDT Reads: 646
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 27, 2016 12:00 PM EDT Reads: 511
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 27, 2016 11:00 AM EDT Reads: 2,355