Welcome!

News Feed Item

Finisar, SodaStream, Yahoo, Google and Baidu highlighted as Zacks Bull and Bear of the Day

CHICAGO, Jan. 17, 2014 /PRNewswire/ -- Zacks Equity Research highlights Finisar (Nasdaq:FNSR-Free Report) as the Bull of the Day and SodaStream (Nasdaq:SODA-Free Report)as the Bear of the Day. In addition, Zacks Equity Research provides analysis onYahoo Inc. (Nasdaq:YHOO-Free Report), Google (Nasdaq:GOOG-Free Report) and Baidu (Nasdaq:BIDU-Free Report).

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

Here is a synopsis of all five stocks:

Bull of the Day:

Finisar (Nasdaq:FNSR-Free Report) is a $2.3 billion provider of fiber optic subsystems that enable high-speed data networks. The stock became a Zacks #1 Rank Strong Buy last May below $13 and proceeded to march on up to $26 by October.

But going into November, a weaker spending outlook from the likes of Cisco and telecom giants like AT&T, took nearly 25% off FNSR shares.

What could possibly turn this around? Two things: another great FNSR earnings report and a reassessment of the cap-ex outlook.

On December 5, Finisar recorded a 13% EPS beat and gave guidance that propelled 4 covering analysts to all raise estimates, taking the current fiscal year consensus up 15% from $1.09 to $1.26. And they also bumped next year's EPS estimates 15%, from $1.22 to $1.41.

Bear of the Day:

SodaStream (Nasdaq:SODA-Free Report) disappointed the Street on October 30 and analysts knocked down EPS estimates sufficiently to drop the stock to a Zacks #4 Rank Strong Sell the next day.

Since then, shares fell from the high $50s to around $50 where they attempted to hold the line. But this week came the blindside that every investor hates: the preannouncement.

SODA management revealed on Monday that the outlook isn't getting any better, owing to a number of factors, including a challenging US holiday season, lower sell-in prices, increased production costs, as well as unfavorable product mix and, of course, foreign exchange. Yada, yada, yada.

But the headline from Briefing.com at 7:40am ET said it all as the stock dropped 26% from $50 to $37: SodaStream sees FY13 adj. net income $52.5 mln from $65 mln vs. $63 mln consensus.

As a fresh round of downward earnings estimate revisions (EER) piled in this week, the stock slipped to a Zacks #5 Rank Strong Sell on Thursday. Here's what Oppenheimer analysts had to say...

"We now forecast 2013 adjusted EPS of $2.45, down from our prior estimate of $3.05 and up only slightly from the prior year's $2.39. We are also reducing our 2014 adjusted EPS estimate to $3.00, which is up 22% over our revised 2013 forecast but down sharply from our prior estimate of $3.70."

Additional content:

Yahoo COO Stepping Down

Yahoo Inc.'s (Nasdaq:YHOO-Free Report) chief operating officer, Henrique De Castro has resigned from his position after serving the company for about fourteen months.

De Castro was hired by Yahoo's high-profile chief executive officer, Marissa Mayer with the aim of turning around Yahoo's sagging core advertising business. Prior to this, De Castro worked with Google (Nasdaq:GOOG-Free Report). Marissa Mayer had roped him in for a whopping $58.0 million in the hope that his expertise would help revive Yahoo's advertising sales.

De Castro was probably fired because he failed to deliver results. But Yahoo hasn't officially said anything either regarding the reason for the expulsion, or regarding the identity of the replacement. But considering the fact that it is a key position, it should be filled quickly.

Yahoo has recaptured its position as one of the world's most-visited online properties, but its revenues aren't responding as yet.  Mayer has stepped up investments in key technologies both on the product side and the technical side, but investors have been told to be patient about resultant revenues.

Mayer has also overhauled the company's e-mail platform and acquired more than two dozen companies, including Tumblr Inc. for more than $1 billion last year. It has hired leading journalists to bolster news and media content. The departure of the COO at this juncture could therefore indicate trouble.

Though De Castro's hiring turned out to be a misstep, Mayer will likely be given more rope as stockholders have made an enormous amount of money since the time she joined the company. Though Yahoo managed to be profitable under Mayer, it struggled to register sales growth.

Currently, Yahoo has a Zacks Rank #4 (Sell). Other better ranked stocks in the sector include Baidu (Nasdaq:BIDU-Free Report), which carries a Zacks Rank #2 (Buy).

Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:

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. Click here to subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.

Get the full Report on FNSR - FREE

Get the full Report on SODA - FREE

Get the full Report on YHOO - FREE

Get the full Report on GOOG - FREE

Get the full Report on BIDU - FREE

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

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...