|By PR Newswire||
|April 8, 2014 01:46 AM EDT||
NEW YORK, April 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Liquidity Services Inc. (NASDAQ: LQDT), Tyco International Ltd. (NYSE: TYC), Urban Outfitters Inc. (NASDAQ: URBN), Broadcom Corporation (NASDAQ: BRCM), and Hawaiian Electric Industries Inc. (NYSE: HE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Liquidity Services Inc. Analyst Notes
On April 3, 2014, Liquidity Services Inc. (Liquidity Services) announced that it withdrew from the live auction bidding for a contract with the U.S. Defense Logistics Agency (DLA) to purchase, manage and sell non-rolling stock surplus assets of the U.S. Department of Defense (DoD). The announcement came a day after the Company informed that it emerged as apparent high bidder for the contract with a bid equal to 4.35% of the DoD's original acquisition value (OAV). Citing the reason for withdrawal from the bidding, the Company stated that "Bidding reached a level that Liquidity Services determined would be economically unsustainable under the terms of the new contract, jeopardizing the high level of service it has historically provided the agency client." The stock tanked 11.98% following the announcement on April 3, 2014, to close at $18.36, taking the total decline to 29.52% for last three trading sessions. Since the contracting process is not complete yet, the Company refrained from providing a revised future earnings guidance, but expects the price for the non-rolling stock contract is expected to increase from 1.8% to 4.35% of OAV, resulting in significantly higher Cost of Goods Sold in FY 2015 and beyond. The full analyst notes on Liquidity Services Inc. are available to download free of charge at:
Tyco International Ltd. Analyst Notes
On April 2, 2014, the stock of Tyco International Ltd. (Tyco International) ended lower by 1.16% at $42.44. After opening at $42.90, the stock oscillated in the range of $42.43 - $43.05. During the session, a total of 4.06 million shares were traded. Over the past one month, the stock has declined 1.35%, compared to the broad market index NYSE composite which increased 2.78% during the same time span. The full analyst notes on Tyco International Ltd. are available to download free of charge at:
Urban Outfitters Inc. Analyst Notes
On April 2, 2014, the stock of Urban Outfitters Inc. (Urban Outfitters) gained 3.98% to end the session at $38.11, after the Company released its Q1 FY 2015 sales outlook in a document filed with the U.S. Securities and Exchange Commission (SEC). The Company stated that "thus far during the first quarter of fiscal 2015, comparable Retail segment net sales are low single-digit negative." In its Q4 FY 2014 financial results, the Company had issued a cautious stance about the performance in Q1 FY 2015, mainly due to challenges being faced by its Urban Outfitters brand. Comparable Retail segment net sales, which include comparable direct-to-consumer channel, increased just 1% in Q4 FY 2014, weighed down by 9% decline in Urban Outfitters. Also, the Company stated that during fiscal 2015, it plans to construct and open approximately 35 to 40 new stores and renovate certain existing stores. The full analyst notes on Urban Outfitters Inc. are available to download free of charge at:
Broadcom Corporation Analyst Notes
On April 2, 2014, Broadcom Corporation (Broadcom) announced that it has partnered with Freescale Semiconductor to create Freescale's Qorivva MPC5606E -- the industry's first fully-integrated, packaged microcontroller (MCU) and physical layer transceiver (PHY) solution for use in 360 degree camera systems. The Company stated that the move comes on back of growing market size of Advanced Driver Assistance Systems (ADAS), which is expected to reach US$261 billion by 2020, according to ABI Research, Inc. Fundamental to the compact 8X8 size and performance advantages of the Qorivva MPC5606E is the incorporation of Broadcom's BroadR-Reach® automotive Ethernet PHY. Speaking on the collaboration, Dr. Ali Abaye, Broadcom Senior Director of Automotive said, "Our collaboration with Freescale will enable the development of more optimized ADAS camera solutions and drive the proliferation of advanced features in a broader range of vehicles - beyond the luxury class." The full analyst notes on Broadcom Corporation are available to download free of charge at:
Hawaiian Electric Industries Inc. Analyst Notes
On April 2, 2014, Hawaiian Electric Industries Inc. (Hawaiian Electric) issued a statement in response to the research report which asserted about the potential need for the Company to cut its dividend, and fueled substantial selling in its stock. Hit by the assertions of the aforesaid research report, the stock of the Company ended lower by 4.00% at $24.23 amid significantly high volumes of 7.22 million, which represented a jump of over seven-fold from its 30-day daily average. The Company assured market participants that the Board of Directors has not cut the dividend, nor it is contemplated. The full analyst notes on Hawaiian Electric Industries Inc. are available to download free of charge at:
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