|By PR Newswire||
|August 29, 2014 09:30 AM EDT||
CHICAGO, Aug. 29, 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 (Nasdaq:MSFT-Free Report), Hewlett-Packard (NYSE:HPQ-Free Report), Intel (Nasdaq:INTC-Free Report), Symantec Corp. (Nasdaq:SYMC-Free Report) and Avis Budget Group, Inc. (Nasdaq:CAR-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
PC Shipment Decline to Moderate?
According to the latest IDC report, the decline in PC shipments is expected to moderate, helped by increased spending in mature markets as a result of system refreshes and enterprise system migrations beyond Microsoft's (Nasdaq:MSFT-Free Report) XP operating system. Also, the demand for Chromebooks is on the rise in these markets which is expected to cushion the decline in PCs. Nonetheless, PC shipments in the emerging markets continue to be impacted by consumers' preference for tablets and mobile devices.
Buoyed by a forecasted 5.6% growth in PC shipments (140.7 million) in the mature markets, IDC now expects global PC shipments (303.5 million) to decline 3.7% in 2014, a marked improvement from its earlier forecast of a 6% decline. PC shipments in emerging markets (162.7 million) are however expected to be down 10.5% in 2014.
IDC has also stated that PC market cannibalization by tablets is weakening. The reduction of PC prices by vendors is turning out to be an offsetting factor.
Additionally, IDC expects PC shipment declines to moderate further to just 2.3% in 2015 backed by the extension of PC replacement cycles and the scheduled launch of Windows 9.
It is worth noting that the optimism expressed by IDC was reflected in some of the results declared by the companies such as Hewlett-Packard (NYSE:HPQ-Free Report), Intel (Nasdaq:INTC-Free Report) and Microsoft that are directly related to the PC industry. Apart from this, companies in allied industries, such as IT security service provider Symantec Corp. (Nasdaq:SYMC-Free Report), have seen an improvement in the market.
H-P reported top-line growth in the third quarter after 11 consecutive quarterly declines. Revenues improved primarily due to higher sales in the PC segment.
Also, the company witnessed growth in commercial revenues driven by strong demand for commercial desktops and notebooks. The ongoing upgrade of H-P's installed base and the expiration of the Windows XP operating system also aided segmental revenues. The consumer segment was aided by higher sales in its Americas and EMEA regions, which offset the soft demand in Russia and China.
Intel also reported higher unit volumes, both sequentially and year over year, driven by the improving economic environment, PC refreshes in the enterprise and SMB segments, Windows XP end-of-life and the growing number of form factors that Intel currently caters to. This, in turn, aided the company's top-line performance.
Coming to Microsoft, Windows OEM revenues grew at a much slower rate of 3% as the 11% OEM Pro revenue growth was largely offset by a 9% decline in OEM non-Pro. Both OEM Pro and consumer licensing benefited from the withdrawal of XP support.
The current phase of system upgrades and PC refresh cycles remains the near-term catalysts for the industry. From a long-term perspective, PCs have to slog it out with other computing devices currently available, as returning to growth remains a distant possibility.
Avis' Zipcar Expansion on a Roll
Avis Budget Group, Inc.'s (Nasdaq:CAR-Free Report) wholly owned subsidiary, Zipcar, has recently collaborated with the city of Palo Alto to launch its car sharing services in the city. Further, the company plans to introduce 10 Zipcars in the city's four parking facilities located within the confines of the Downtown Parking Assessment District.
Members in the Palo Alto city are charged at rates which start from $8.50 per hour and $74 per day. Moreover, the company provides an extensive range of models such as Volkswagen Passat, fuel-friendly Toyota Prius Hybrid, and Hyundai Elantra, to name a few. With this cost-friendly mode of transport, Palo Alto residents will be able to lessen traffic, limit carbon emissions and address parking problems.
Interestingly, Zipcar already owns over 50 cars in the Stanford University campus, which is adjacent to the city. Notably, the company has gained significant popularity since it forayed into Stanford in 2011, which is evident from its solid membership at the campus. Meanwhile, its entry into Palo Alto is expected to widen members' reach, enhance customer convenience and add to the company's customer base.
Apart from Stanford, Zipcar has over 1,400 vehicles in the greater Bay Area.
Additionally, Zipcar has a vehicle for Business program, which offers driving rates at discounted prices during weekdays. This benefits the city's local business employees with reduce parking needs and cost savings as well as protects the environment by cutting down carbon emission levels.
Zipcar operates a car-sharing network and provides self-service vehicles to members in and around their residences and workplaces. The company's vehicles are available for use through its reservation system accessible by phone, Internet or apps on Androids and iPhone.
Avis Budget, sporting a Zacks Rank #1 (Strong Buy), acquired Zipcar in Jan 2013 for a total value of $500 million.
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.
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.
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.
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.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 6, 2016 03:15 PM EST Reads: 413
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 6, 2016 03:15 PM EST Reads: 1,624
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Dec. 6, 2016 02:30 PM EST Reads: 3,311
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Dec. 6, 2016 02:30 PM EST Reads: 2,191
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Dec. 6, 2016 02:15 PM EST Reads: 1,730
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 6, 2016 02:15 PM EST Reads: 2,238
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Dec. 6, 2016 02:00 PM EST Reads: 265
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Dec. 6, 2016 02:00 PM EST Reads: 627
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
Dec. 6, 2016 02:00 PM EST Reads: 203
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 6, 2016 01:45 PM EST Reads: 1,045
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 6, 2016 01:30 PM EST Reads: 2,155
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 6, 2016 12:30 PM EST Reads: 2,100
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 12:30 PM EST Reads: 1,018
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
Dec. 6, 2016 12:28 PM EST Reads: 231
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Dec. 6, 2016 11:30 AM EST Reads: 1,024