Welcome!

News Feed Item

The Zacks Analyst Blog Highlights: Microsoft, Nokia, IBM, Intel and CNA Financial

CHICAGO, Jan. 24, 2014 /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 the Microsoft Corp. (Nasdaq:MSFT-Free Report), Nokia (NYSE:NOK-Free Report), IBM (NYSE:IBM-Free Report), Intel (Nasdaq:INTC-Free Report) and CNA Financial Corp. (NYSE:CNA-Free Report).

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

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

Surprise! Microsoft Crushes Estimate

Flying straight in the face of another lackluster overall Tech industry earnings season, Microsoft Corp. (Nasdaq:MSFT-Free Report) just posted a big beat on earnings in its fiscal Q2 2014 (ended December). Earnings of 78 cents per share came from $23.7 billion in sales for the quarter. The revenue figure is basically in-line with the Zacks Consensus Estimate of $23.68 billion, but the earnings number is a 14.7% positive surprise.

This is the best performance for Microsoft in at least the last four quarters. Earnings beats, when they've come, have tended to be on the modest side. Also, analysts had been downwardly revising estimates throughout the quarter, with a consensus of 68 cents having come down from 75 cents early in Q2. And with Nokia's (NYSE:NOK-Free Report) announcement earlier today that its Windows-based Lumia phone sales were down over the holiday season,  investors may have been a tad wary about Microsoft's numbers after the bell today.

In regular Thursday trading, MSFT shares rose slightly, but are up 3% in the after-market. The stock is now within a couple bucks of its 52-week high.

Revenues for its Surface tablet fared notably well, bringing in $893 million for Microsoft's holiday quarter. CEO (for now) Steve Ballmer also cited a favorable enterprise business, while pointing to a 13% gain in Devices and Consumer. Commercial revenue was up 10% in the quarter.

Of course, plenty of questions remain for the world's biggest software firm: Ballmer will be retiring sometime this year, there is still a $7.2 billion matter of buying all of Nokia's smartphones and tablets business, and can Surface continue its sales pace and take market share from its tablet competitors? These shall no doubt be addressed during the company's conference call.

For now, though, with other big tech firms like IBM (NYSE:IBM-Free Report) and Intel (Nasdaq:INTC-Free Report) coming out with disappointing earnings numbers this season so far, it's nice to see one of the big players finally gaining some traction on their own terms.

CAN Financial Upped to Strong Buy

On Jan 23, Zacks Investment Research upgraded CNA Financial Corp. (NYSE:CNA-Free Report) by a notch to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

CNA Financial has been riding on a strong growth momentum ahead of its fourth-quarter and full-year 2013 results, which are slated to release on Feb 10, 2014. The growth impetus stems from improved core fundamentals throughout 2013, which are cushioned by strong operating leverage and a modest capital position.

CNA Financial also outperformed the one-year S&P 500 index, which posted an increase of 24.1% against a return of 42% clocked by the company. Additionally, this global property and casualty (P&C) insurer delivered positive earnings surprises in the straight last three quarters, with an average beat of 23.3%.

On Oct 28, CNA Financial reported third-quarter 2013 operating earnings per share of $1.00, which outpaced the Zacks Consensus Estimate of 76 cents by 31.6% and the year-ago quarter number of 80 cents by 25%.

Higher premiums and lower catastrophe losses improved the combined ratio and bottom line across both P&C and specialty segments. Higher rates and improved underwriting efficiency are further expected to drive the results in the upcoming quarters. Strong expense, risk and claims administration along with effective credit management score well with the investors and ratings agencies.

CNA Financial has been experiencing rising earnings estimates following its robust third-quarter results and a strong outlook affirmed by ratings agencies. The Zacks Consensus Estimate for 2013 moved north by 2.7% to $3.45 per share in the last 60 days. The estimate for fourth-quarter 2013, in particular, shot up 4.9% to 85 cents a share.

Moreover, the Most Accurate estimate for CNA Financial's 2013 earnings stands at $3.63 a share, resulting in an Earnings ESP of +5.2%.

Further, the estimate for 2014 rose 0.9% to $3.40 over the same 60-day period. No downward revision in estimates was witnessed for either year.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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.

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 MSFT - FREE

Get the full Report on NOK - FREE

Get the full Report on IBM - FREE

Get the full Report on INTC - FREE

Get the full Report on CNA - 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

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
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
Cloud-based disaster recovery is critical to any production environment and is a high priority for many enterprise organizations today. Nearly 40% of organizations have had to execute their BCDR plan due to a service disruption in the past two years. Zerto on IBM Cloud offer VMware and Microsoft customers simple, automated recovery of on-premise VMware and Microsoft workloads to IBM Cloud data centers.
Elon Musk is among the notable industry figures who worries about the power of AI to destroy rather than help society. Mark Zuckerberg, on the other hand, embraces all that is going on. AI is most powerful when deployed across the vast networks being built for Internets of Things in the manufacturing, transportation and logistics, retail, healthcare, government and other sectors. Is AI transforming IoT for the good or the bad? Do we need to worry about its potential destructive power? Or will we...
Many organizations adopt DevOps to reduce cycle times and deliver software faster; some take on DevOps to drive higher quality and better end-user experience; others look to DevOps for a clearer line-of-sight to customers to drive better business impacts. In truth, these three foundations go together. In this power panel at @DevOpsSummit 21st Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, industry experts will discuss how leading organizations build application success from all...
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
The last two years has seen discussions about cloud computing evolve from the public / private / hybrid split to the reality that most enterprises will be creating a complex, multi-cloud strategy. Companies are wary of committing all of their resources to a single cloud, and instead are choosing to spread the risk – and the benefits – of cloud computing across multiple providers and internal infrastructures, as they follow their business needs. Will this approach be successful? How large is the ...
Your clients expect transactions to never fail, cloud access to be fast and always on, and their data to be protected - no exceptions. Hear about how Secure Service Container (SSC), an IBM-exclusive open technology, enables secure building and hosting of next-generation applications, both cloud and on-premises. SSC protects the full stack from external and insider threats, allows automatic encryption of data in-flight and at-rest, and is tamper-resistant during installation and runtime – with no...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...