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
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.