|By PR Newswire||
|September 2, 2014 10:29 AM EDT||
LONDON, September 2, 2014 /PRNewswire/ --
Investor-Edge.com has issued free post-earnings review and insight on Aeropostale Inc. (NYSE: ARO). The company featured in the headlines on Thursday, August 21, 2014 after reporting results for the second quarter ended August 02, 2014. During Q2 FY14, Aeropostale Inc.'s net sales, and its comparable sales (including the e-commerce channel), both fell by 13% Y-o-Y. Our free coverage report can be accessed at:
Aeropostale Inc.'s GAAP net loss for Q2 FY14 widened to $63.82 million, or $0.81 per diluted share, from a net loss of $33.73 million, or $0.43 per diluted share, in the year ago period. Analysts from Bloomberg were anticipating GAAP net loss of $45.01 million, or $0.61 per diluted share during the reported quarter. The company registered an adjusted net loss of $36.0 million, or $0.46 per diluted share in Q2 FY14, as against an adjusted net loss of $26.9 million, or $0.34 per diluted share in Q2 FY13. The company's net sales in Q2 FY14 declined to $396.16 million, from $454.03 million in the preceding year quarter. During Q2 FY14, Aeropostale Inc.'s comparable sales, including the e-commerce channel declined 13% Y-o-Y, following a decrease of 15% Y-o-Y in the previous year quarter. Further, the company's gross profit for the reported quarter fell to $62.55 million, from $81.17 million in the prior year period. As on August 02, 2014, the company had cash and cash equivalents of $152.27 million and $133.59 million in long-term debt. Aeropostale Inc. closed the second quarter with merchandise and inventory of $213.02 million, compared with $249.62 million in the comparable quarter last year. The free research on ARO can be downloaded as in PDF format at:
Julian R. Geiger, CEO of Aeropostale Inc., stated in the press release that the company is moving in the right direction, and that he feels encouraged as Aeropostale Inc. was able to achieve higher average unit retails and margins. In addition, he said that the company managed better expense control during the second quarter, all of which enabled the company to surpass its guidance.
For Q3 FY14, the company is expecting operating losses to be in the range of $33.0 to $37.0 million, which translates to net loss in the range of $0.44 to $0.48 per diluted share. The effective tax rate for the third quarter is projected to be approximately 4.0%. The company's outlook for the third quarter of FY14 does not include the impact of any identifiable store impairments or accelerated store closure costs, consulting fees, and severance costs related to the company's previous CEO. The New York-based speciality retailer opened four Aeropostale stores and one Aeropostale and P.S. from Aeropostale combination store; and closed 11 Aeropostale stores and three P.S. from Aeropostale stores during the second quarter of 2014. Sign up and read the free analyst's notes on ARO at:
On Friday, August 22, 2014, a day after the earnings release, the falling sales and widening losses took Aeropostale Inc.'s stock down by 9.97%, to end the session at $3.52. The stock has recovered since then, finishing at $4.19 on the last close, Friday, August 29, 2014, gaining 1.21% over its previous day's close. The stock vacillated between $4.09 and $4.27 during the trading session. A total of 4.28 million shares were traded, which was above its three months average volume of 3.47 million shares. Over the previous three trading sessions and over the last one month, the company's shares have gained 9.69% and 30.94%, respectively. However, the stock has declined 53.91% from the beginning of 2014. While Aeropostale Inc.'s shares are trading above their 50-day moving average, the stock's 50-day moving average of $3.42 is below its 200-day moving average of $5.71. Further, the stock has a Relative Strength Index (RSI) of 66.85. Visit Investor-Edge and access the latest research on ARO at:
Sneak Peek to Corporate Insider Trading
In the last one month, there were eighteen insider purchases made by two insiders for a total of 85,000 shares of Aeropostale Inc. worth $310,902.70 million at an average price of $3.79 per share. On August 25, 2014, Karin Hirtler Garvey, Aeropostale Inc.'s Chairman, bought a total of 55,000 shares of Aeropostale Inc. worth $196,020.70, at an average price of $3.56 per share. In addition, on August 26, 2014, Kenneth B. Gilman, an independent director of the company, bought a total of 30,000 shares, worth $114,882 at an average price of $3.84 per share. Complimentary in-depth research on ARO is available at:
At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Sep. 1, 2015 11:45 PM EDT Reads: 393
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Sep. 1, 2015 11:45 PM EDT Reads: 540
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
Sep. 1, 2015 11:00 PM EDT Reads: 508
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Sep. 1, 2015 08:15 PM EDT Reads: 420
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Sep. 1, 2015 07:00 PM EDT Reads: 272
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
Sep. 1, 2015 06:45 PM EDT Reads: 477
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Sep. 1, 2015 04:30 PM EDT Reads: 391
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Sep. 1, 2015 04:15 PM EDT Reads: 436
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Sep. 1, 2015 04:00 PM EDT Reads: 197
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Sep. 1, 2015 04:00 PM EDT Reads: 212
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Sep. 1, 2015 03:00 PM EDT Reads: 443
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Sep. 1, 2015 03:00 PM EDT Reads: 512
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Sep. 1, 2015 02:45 PM EDT
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Sep. 1, 2015 02:45 PM EDT Reads: 169
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
Sep. 1, 2015 02:30 PM EDT Reads: 215