Welcome!

News Feed Item

The Zacks Analyst Blog Highlights: Under Armour, CECO Environmental, PerkinElmer, Sharps Compliance and Rentech

CHICAGO, March 21, 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 Under Armour Inc. (NYSE:UA-Free Report), CECO Environmental Corp. (Nasdaq:CECE-Free Report), PerkinElmer Inc. (NYSE:PKI-Free Report), Sharps Compliance Corp (Nasdaq:SMED-Free Report) and Rentech, Inc. (Nasdaq:RTK-Free Report).

Zacks Investment Research, Inc., www.zacks.com.

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

Here are highlights from Thursday's Analyst Blog:

Under Armour: a Promising Bet

Under Armour Inc. (NYSE:UA-Free Report) could prove to be a profitable bet for investors given the rise in the company's stock price since it came up with outstanding fourth quarter and full year 2013 earnings. Additionally, the company has impressed investors by extending the sponsorship deal with U.S. Speedskating, expanding in Brazil and announcing a stock split.

Since the earnings release (Jan 30, 2014), the stock has garnered a return of nearly 16.5%. Recently, the stock hit a 52-week high of $124.79 on March 19, 2014, driven by the announcement of its two-for-one stock split, which was the second since the sports apparel retailer went public in Nov 2005. The first stock split took place in July 2012.

The company's board of directors hinted that the additional shares in the form of a stock dividend will be distributed on April 14, 2014 to stakeholders of record on March 28, 2014. The principal aim behind the company's stock split is to make its shares affordable to small retail investors.

Moreover, Under Armor clinched a strategic deal with U.S. Speedskating after the fiasco at the Sochi Olympics, in which the company's state-of-the-art suits failed to meet expectations. With the Olympics controversy, it seemed that the company was heading towards a public relations debacle.

Instead, it made an impressive turnaround by renewing its contract with U.S. Speedskating to take the team through the next two Olympics, thereby restoring investor confidence. The Sochi debacle could have possibly dented its efforts at brand building but management's prompt efforts saved the day.

Additionally, the company continued with its global expansion plans and launched the brand in the fast growing economy of Brazil.

Moreover, investors are optimistic about Under Armor's continuous earnings streak. The company's fourth-quarter earnings per share of 59 cents surpassed the Zacks Consensus Estimate of 54 cents and increased considerably from 47 cents per share earned in the year-ago quarter. The better-than-expected results provided a further impetus to the stock, which on an average has delivered a positive earnings surprise of roughly 26.6% over the past seven quarters.

Needless to say, this Zacks Rank #2 (Buy) stock is firing on all cylinders and this growth momentum is expected to continue in 2014 and beyond, as reflected in an upbeat guidance. Under Armour projected 2014 net revenue in the band of $2.84 billion to $2.87 billion, up 22%–23% from the prior year. Moreover, it expects operating income between $326 million and $329 million, reflecting year-over-year growth of 23% to 24%.

CECO Environmental Strengthens in China

CECO Environmental Corp. (Nasdaq:CECE-Free Report) recently declared that it has formalized a Sales Cooperation Agreement with China-based Jiangsu Renhe Environmental Equipments Company, Ltd. for developing advanced technologies to control air pollution in China.

The tie-up between the two companies is expected to leverage the development of core solutions for diverse sectors including general, metals, petrochemical, chemical, plastics and cement industries.

CECO is a leading global provider of air pollution control technology. Its key technological solutions like FisherKlosterman Cyclones, Dual Scrubbers, Filtration and Flex-Kleen Dust Collection solutions will complement Jiangsu Renhe's dust collection and filter cartridge technologies and provide better solutions for controlling air pollution in China.

Air pollution control and industrial ventilation products command a multi-billion dollar market, which is still witnessing rapid growth. The rising demand for clean air and water as well as an environment free of industrial pollutants are the primary factors behind this booming industry.

Nowadays, an increasing number of businesses are focusing on environmental protection since environment-related regulations have become mandatory in the U.S. as well as worldwide. Notably, government regulations for controlling air pollution in China will likely be more stringent.  

The aforementioned alliance will strengthen CECO's presence in China and open further growth avenues as well. At present, the company is focused on increasing its market share by entering such alliances and integrating acquisitions across diverse areas of pollution control solutions.  

CECO has a Zacks Rank #3 (Hold). Other players in the same sector, which look attractive at present, includePerkinElmer Inc. (NYSE:PKI-Free Report), Sharps Compliance Corp (Nasdaq:SMED-Free Report) and Rentech, Inc. (Nasdaq:RTK-Free Report). While PerkinElmer sports a Zacks Rank #1 (Strong Buy), both Sharps Compliance and Rentech have a Zacks Rank #2 (Buy).

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 UA - FREE

Get the full Report on CECE - FREE

Get the full Report on PKI - FREE

Get the full Report on SMED - FREE

Get the full Report on RTK - 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.

Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

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
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, 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. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
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 & ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor 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. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
SYS-CON Events announced today that Secure Channels 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. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
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 ...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...