LONDON, UK / ACCESSWIRE / March 17, 2017 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Metals & Mining industry. Companies recently under review include Pan American Silver, Endeavour Silver, First Majestic Silver, and Great Panther Silver. Get all of our free research reports by signing up at:

http://www.activewallst.com/register/

At the closing bell on Thursday, March 16, 2017, the Toronto Exchange Composite index edged 0.27% higher to finish the trading session at 15,562.41 with a total volume of 353,448,702 shares exchanging hands for the day.

Active Wall St. has initiated research reports on the following equities: Pan American Silver Corporation (TSX: PAAS), Endeavour Silver Corporation (TSX: EDR), First Majestic Silver Corporation (TSX: FR), and Great Panther Silver Ltd. (TSX: GPR). Register with us now for your free membership and research reports at:

http://www.activewallst.com/register/

Pan American Silver Corp.

Vancouver, Canada headquartered Pan American Silver Corp.’s stock edged 0.97% higher, to finish Thursday’s session at $22.99 with a total volume of 277,138 shares traded. Pan American Silver’s shares have gained 16.94% in the past three months. The Company’s shares are trading below its 50-day and 200-day moving averages of $24.88. Shares of the Company, which together with its subsidiaries, engages in silver mining and related activities, are trading at a PE ratio of 34.94. See our research report on PAAS.TO at:

http://www.activewallst.com/register/

Endeavour Silver Corp.

On Thursday, shares in Vancouver, Canada headquartered Endeavour Silver Corp. recorded a trading volume of 660,948 shares, which was higher than their three months average volume of 505,415 shares. The stock ended the day 4.37% lower at $4.38. Endeavour Silver’s stock has gained 28.82% in the past one year. The Company’s shares are trading below its 50-day and 200-day moving averages. The stock’s 200-day moving average of $5.64 is above its 50-day moving average of $5.51. Shares of the Company, which engages in acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile, are trading at PE ratio of 146.00. The complimentary research report on EDR.TO at:

http://www.activewallst.com/register/

First Majestic Silver Corp.

On Thursday, shares in Vancouver, Canada headquartered First Majestic Silver Corp. ended the session 0.19% lower at $10.55 with a total volume of 1.05 million shares traded. First Majestic Silver’s shares have gained 8.88% in the last three months and 20.57% in the previous one year. The stock is trading below its 50-day and 200-day moving averages. Furthermore, the stock’s 50-day moving average of $12.34 is greater than its 200-day moving average of $12.31. Shares of First Majestic Silver, which engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico, are trading at a PE ratio of 211.00. Register for free and access the latest research report on FR.TO at:

http://www.activewallst.com/register/

Great Panther Silver Ltd.

Vancouver, Canada headquartered Great Panther Silver Ltd.’s stock closed the day flat at $2.36. The stock recorded a trading volume of 417,699 shares, which was above its three months average volume of 328,510 shares. Great Panther Silver’s shares have surged 26.20% in the last three months and 85.83% in the past one year. Shares of the Company, which engages in the mining of mineral properties in Mexico, are trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $2.55 is greater than its 200-day moving average of $2.06. Get free access to your research report on GPR.TO at:

http://www.activewallst.com/register/

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 457531

VANCOUVER, BC / ACCESSWIRE / March 17, 2017 / EVITRADE Health Systems Corp. (CSE:EVA, OTCQB: AXHLF) (the “Company”) is pleased to announce that it has been granted a Final Order from the Supreme Court of BC for the Plan of Arrangement as approved 100%, at the recent shareholders’ meeting.

The record date for the first subsidiary company holding the TULIP(TM) Intellectual Property to be spun out is Tuesday, March 20, 2017. Details and the final share conversion factor for this subsidiary will be announced upon the push out of the new shares to shareholders.

For the Cannabis Farm of 50 Hectares and CBD Plant Oils Extraction firm being purchased by the C&C Cosmeceuticals, Nutraceuticals and Bio-Chemicals subsidiary, the company is working with their recently appointed broker/dealer to finalize all remaining details. The record date for shareholders of the company to receive shares on a 1 for 1 basis for this subsidiary shall be announced shortly.

For Further Information, Contact: Ron Ozols, Director

EVITRADE Health Systems Corporation

(formerly Auxellence Health Corporation)

Twitter: @evitradehealth or https://twitter.com/evitradehealth

Email: info@auxellence.com

Website: http://www.auxellence.com

CSE Micro-site: http://thecse.com/en/listings/technology/evitrade-health-systems-corp

US OTC Markets: http://www.otcmarkets.com/stock/AXHLF/news

About EVITRADE Health (CSE: EVA, OTCQB: AXHLF)

EVITRADE (formerly Auxellence Health Corp.), was founded in 2013 to provide online “digital healthcare” services for resolving common health problems. The current markets are weight-loss, high blood pressure, high blood glucose and heart arrhythmia.

About TULIP™

The TULIP™ system is an online self-service intended for adults interested in normalizing blood pressure, heart rate and rhythm, blood glucose, and body weight. Measurement procedures, conditioning protocols, and session schedules are prescribed automatically from data acquired by the user’s TULIP™ device – a blood pressure monitor with interactive protocols that can feed medical records and expert systems useful in testing, tracking and treating common health conditions.

The Tulip™ medical device has received Health Canada and CE Mark certifications.

About C&C Cosmeceuticals Corp. (“C&C” a wholly owned subsidiary of the Company)

C&C was founded in 2011 to develop, manufacture and market nutraceutical and cosmeceutical personal healthcare products and services. It was the predecessor company that acquired Auxellence Health Corporation, which is now named EVITRADE Health Systems Corp. and is a wholly owned subsidiary. On November 15, 2016, the company announced that it signed an MOU to acquire a 50 Hectare Cannabis Farm for C&C and on January 23, 2017 the company that it signed a LOI to acquire a Plant Oils Extraction firm for C&C. On March 3, 2017 at the shareholders meeting, C&C was voted 100% in favour of to be spun off from the parent company and it was announced on March 6, 2017 that C&C was to be spun off on a 1:1 basis. All shareholders holding shares in EVITRADE will receive shares an equal number of shares in C&C as of the record date, which shall be announced shortly.

Disclaimers – Forward Looking Statements

This news release contains forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The company disclaims any intention or obligation to revise or update such statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis and other disclosure filings with Canadian securities regulators and on the OTC Markets website which is posted on www.sedar.com, http://thecse.com/en/listings/technology/evitrade-health-systems-corp, and http://www.otcmarkets.com/stock/AXHLF/filings. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither the Canadian Securities Exchange (CSE or CNSX Markets), nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.

SOURCE: EVITRADE Health Systems Corporation

ReleaseID: 457554

Upcoming AWS Coverage on Winmark Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 17, 2017 / Active Wall St. blog coverage looks at the headline from 1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS) as the Company announced on March 15, 2017, that it had signed an agreement with Ferrero International S.A. to sell Fannie May Confections Brands, Inc. Register with us now for your free membership and blog access at:

http://www.activewallst.com/register/

One of 1-800-FLOWERS.COM’s competitors within the Specialty Retail, Other space, Winmark Corp. (NASDAQ: WINA), reported on March 01, 2017, its financial results for year ended December 31, 2016. AWS will be initiating a research report on Winmark in the coming days.

Today, AWS is promoting its blog coverage on FLWS; touching on WINA. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

About Fannie May

Founded in 1920, Chicago, Illinois based Fannie May is a manufacturer of chocolates and confections. 1-800-FLOWERS.COM acquired Fannie May in 2006 for approximately $85 million. Fannie May sells its products through multiple channels including online ecommerce platforms, telephone, QVC home shopping channel, retails stores, and private-label manufacturing capabilities. Fannie May makes over 100 varieties of confections and continues to develop new and innovative flavors for its customers.

The deal

As per terms of the sale agreement, Ferrero will buy all the outstanding shares of Fannie May Confections Brands, Inc. for $115 million in cash. The transaction will include Fannie May and its subsidiaries Fannie May Confections, Inc. and Harry London Candies, Inc. The deal will include Fannie May and Harry London chocolate brands and all related assets and liabilities. The assets include Fannie May’s ecommerce business, 79 retail stores, a manufacturing facility in North Canton, Ohio, as well as two temperature-controlled warehouse and distribution facilities, at Maple Heights, Ohio, and Chicago, Illinois. The deal is expected to close by May 30, 2017 subject to regulatory approvals and closing conditions.

Apart from the sale of assets, both Companies have also entered into a strategic commercial partnership with Ferrero, wherein, 1-800-FLOWERS.COM will gain distribution rights for Fannie May, Harry London products as well as certain confectionery products of Ferrero. These will be sold by 1-800-FLOWERS.COM through its ecommerce portal as well as used in gift baskets and towers that the Company sells through various other retail and wholesale channels in the US. The commercial agreement could be signed on or before the sale agreement is completed.

Once the sale is completed, Fannie May will operate as a standalone entity and brand under the Ferrero Group and with support from Ferrero USA Inc. Ferrero plans to retain Fannie May’s existing top management team post the merger.

Remarks by both Company representatives

Sharing his view on the deal, Chris Mccann, CEO of 1-800-flowers.com, Inc. said:

“We are very excited to be working with Ferrero International, one of the world’s largest and most respected confectionery Companies. This transaction will further strengthen our balance sheet while concurrently reducing the working capital requirements in our business model.”

Giovanni Ferrero, CEO of Ferrero Group added:

“Since our entry into the US in 1969, we have actively expanded our premium product offering organically, and are thrilled to further accelerate growth through the addition of Fannie May. We look forward to adding Fannie May’s outstanding team and valuable manufacturing, distribution and retail platform to Ferrero’s expanding US presence, and to supporting and growing this iconic American brand for years to come.”

1-800-FLOWERS.COM, Inc. is a leading provider of gourmet food and floral gifts which include a wide selection of fresh flowers and plants, gift baskets, gourmet foods, confections, candles, balloons and stuffed animals. Some of its brands include Cheryl’s Cookies, The Popcorn Factory, Harry & David, 1-800-Baskets, Wolferman’s, Stockyards etc.

Ferrero is a multinational chocolate confectionery Company and is the third largest chocolate Company in the world. The Company owns iconic brands like Nutella, Ferrero Rocher, Raffaello, Kinder, and Tic Tac. Ferrero was founded in 1946 in the town of Alba in Piedmont, Italy and today has presence in over 160 countries. The Group’s recorded turnover was €9.5 billion for the year ending August 31, 2015 and the Company expects its global sales to exceed $11 billion in the current year. Ferrero USA Inc. is a subsidiary of Ferrero International, was established in 1969 and is headquartered in Somerset, New Jersey.

Stock Performance

At the close of trading session on Thursday, March 16, 2017, 1-800-FLOWERS.COM’s stock price rose 6.25% to end the day at $10.20. A total volume of 422.37 thousand shares were exchanged during the session, which was above the 3-month average volume of 162.99 thousand shares. The Company’s share price has gained 12.83% in the past six months and 29.94% in the past twelve months. The stock is trading at a PE ratio of 27.06 and currently has a market cap of $668.71 million.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 457527

DORAL, FL / ACCESSWIRE / March 17, 2017 / Santo Mining Corp. dba Cannabis Depot Company (the “Company”) (OTC PINK: SANP) announces that it has filed a Trademark Registration with the United States Patent and Trademark Office for its new company logo, “420DEPOT.” the USPTO has assigned our registration the serial number “87330147.” The company has also purchased the following domains for commercial use: www.420depot.us and www.420depot.store. The company will be announcing the unveiling of the new corporate website, www.420depot.us, by mid next week.

NEW COMPANY TRADEMARK

The classification for this mark is under the following class:

International Class 011: Hydroponics grow box in the nature of a closed environment equipped with lights, exhaust system, hydroponics growing container and odor control system.

Intent to Use: The applicant has a bona fide intention, and is entitled, to use the mark in commerce on or in connection with the identified goods/services. (15 U.S.C. Section1051(b)).

International Class 021: Hydroponic garden kit for home use comprising growing containers and also including hydroponic fertilizers, seeds, substrate, drain components, a book and starting class of DVD and CD instructional materials.

Intent to Use: The applicant has a bona fide intention, and is entitled, to use the mark in commerce on or in connection with the identified goods/services. (15 U.S.C. Section 1051(b)).

Documentation of the USPTO registration can be found on the following link: https://twitter.com/420DepotOTC/status/842432987325202433.

NEW COMPANY DOMAINS

The following will be the company’s new corporate website: www.420depot.us. The following domain – www.420depot.store – will be the companies e-Commerce site. The company also has a new twitter site, https://twitter.com/420depototc. The company will be running both twitter sites in tandem, but will eliminate the old SANTO twitter account on April 20, 2017. We urge all our followers to reconnect and follow us at our new twitter site.

NEW COMPANY TOLL FREE NUMBER

The company also changed to a new toll free number: 1-844-420-4203.

Mr. Franjosé Yglesias, CEO, stated, “Our focus is a two prong approach: one is to get the company current, which we are currently doing with our auditors. The second is to get our new business running and making money, plain and simple.” Mr. Matt Arnett, CMO, stated, “We are running the engine on overdrive to get everything done to bring shareholder value. Many exciting company changes in the month to come.”

Website: www.420depot.us
Email: info@420depot.us
Twitter: http://www.twitter.com/420depototc

Forward Looking Statements and Disclaimer

Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.

SOURCE: Santo Mining Corp.

ReleaseID: 457497

Universal Media Group, Inc. (OTC: UMGP) Can Compete Against Big Entertainment Companies like Discovery Communications Inc. (DISCA) and Cinemark Holdings, Inc. (CNK) Because of the New Advisory Board Members

BOCA RATON, FL / ACCESSWIRE / March 17, 2017 / Mike Sherman’s first TV production was “On the Mike,” where he interviewed stars like Alicia Keys and Wyclef Jean, and the show was aired on CBS TV in Miami.

Now, Sherman wants to use social media and other online platforms to bring quality music to the more tech-savvy youth.

The big question is how Universal Media Group, Inc. (OTC PINK: UMGP) can compete against larger entertainment companies like Discovery Communications Inc. (DISCA) and Cinemark Holdings, Inc. (CNK). And, after looking at the profiles of both, it would seem like they can.

To learn more about Universal Media Group, please visit http://www.umediagroupinc.com/.

The landscape of the entertainment industry is changing, and much of this is a result of recent technological advances that have been moving forward at a rapid rate. There has been a push toward online media in recent years, and it will continue to do so as the industry moves into the next decade.

As the Founder of Universal Media Group, Inc. (OTC PINK: UMGP), Sherman is passionate about bringing good music to the younger generation. For example, the company is about to release “Before the Fame” – a show that will focus on pop stars like Katy Perry and Justin Bieber before they got their claim to fame.

Aside from releasing a new TV show, Universal Media Group, Inc. (OTC PINK: UMGP) has brought new people to their Advisory Board, and both have extensive experience in the entertainment industry. For instance, Adebe Lewis is the owner and operator of a well-known sound studio in Miami, and he is the son of a renowned reggae artist. He has done consulting work for established record labels, and he has the knowledge of social media and other types of promotion to market concerts and music events.

Discovery Communications Inc. (DISCA) is the owner of several TV networks, including the Discovery Channel. Their networks cover a variety of topics, and they reach over three billion viewers across cable networks in more than 200 countries. Aside from its current line of programming, DISCA has other projects that they’re planning to release sometime in the near future, and they have partnered with other major production companies in the entertainment industry.

Cinemark Holdings, Inc. (CNK) is the leader in creating an immersive motion picture experience, and they have the most well-known name in movie distribution throughout the U.S. and other parts of the world. They have incorporated state-of-the-art technologies that can enhance the movie-watching experience, and one of their latest additions is the D-BOX Motion Recliner Seat.

Forward Looking Statements and Disclaimer: Statements made in this press release that express the Company’s or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.

About Universal Media Group:

Universal Media Group (UMGP) is a leading producer and distributor of both short and long form content, covering a diverse array of genres, for multiple media platforms. UMGP also focuses on the implementation of celebrity based programming through social media and interactive TV. For more information, please visit http://www.umediagroupinc.com/.

Universal Media Group

1199 S. Federal Hwy., Suite 111

Boca Raton, FL 33432

Contact:

Michael Sherman

ms@umediagroupinc.com
561-908-3333

SOURCE: Universal Media Group

ReleaseID: 457546

Upcoming AWS Coverage on NewLink Genetics Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 17, 2017 / Active Wall St. blog coverage looks at the headline from PTC Therapeutics, Inc. (NASDAQ: PTCT) as the Company announced on March 16, 2017, that it has entered into an asset purchase agreement with Marathon Pharmaceuticals, LLC to acquire all rights to Emflaza™ (deflazacort) for $140 million upfront. Emflaza is the first treatment approved in the United States for all Duchenne muscular dystrophy (DMD) patients five years and older, regardless of their genetic mutation. Register with us now for your free membership and blog access at:

http://www.activewallst.com/register/

One of PTC Therapeutics’ competitors within the Biotechnology space, NewLink Genetics Corp. (NASDAQ: NLNK), reported on February 28, 2017, its consolidated financial results for Q4 and year ended 2016. AWS will be initiating a research report on NewLink Genetics in the coming days.

Today, AWS is promoting its blog coverage on PTCT; touching on NLNK. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

“With our nearly 20-year commitment to the Duchenne community, it is deeply meaningful for us to bring this critical therapy to US patients,” said Stuart W. Peltz, Ph.D., Chief Executive Officer of PTC Therapeutics, Inc., “We believe Emflaza is a disease-modifying therapy that has been shown to slow disease progression. In keeping with PTC’s mission, we are excited to work with the community to raise the standard of care for DMD patients.”

About Duchenne Muscular Dystrophy

Primarily affecting males, Duchenne muscular dystrophy (DMD) is a rare and fatal genetic disorder that results in progressive muscle weakness from early childhood and leads to premature death in the mid-twenties due to heart and respiratory failure. It is a progressive muscle disorder caused by the lack of functional dystrophin protein. Dystrophin is critical to the structural stability of skeletal, diaphragm, and heart muscles. Patients with DMD, the more severe form of the disorder, can lose the ability to walk as early as age ten, followed by loss of the use of their arms. DMD patients subsequently experience life-threatening lung complications, requiring the need for ventilation support, and heart complications in their late teens and twenties. DMD treatment guidelines recommend steroids as a foundational component of the standard of care. Emflaza reduces inflammation, which is critical to preserving muscle function and delaying disease progression. It received FDA approval on February 09, 2017 and has the potential to benefit many DMD patients in the US. However, the drug has been available outside the United States for decades.

Transaction Overview

Under terms of the asset purchase agreement, PTC will pay Marathon Pharma a total upfront consideration of $140 million upon completion of the transaction, which is comprised of approximately $75 million in cash and approximately $65 million in PTC’s common stock, subject to a maximum 6.9 million share limit (with any shortfall to be made whole with additional cash consideration). Marathon is also entitled to receive payments from PTC based on annual net sales of Emflaza beginning in 2018, which PTC expects will range between the low to mid-20s as a percentage of net sales on a blended average basis. In addition, Marathon has the opportunity to receive a single $50 million sales-based milestone.

The transaction is expected to be accretive to both earnings and cash flow beginning in 2018. It is also anticipated to close in Q2 2017, subject to customary closing conditions, including receipt of clearance under the Hart-Scott-Rodino Act.

Pricing Problem

Privately held Marathon Pharma had suspended the launching of Emflaza post receiving the FDA’s approval in February. That decision came after the Company was sharply criticized for setting a hefty price tag of $89,000 per patient per year. The drug is available globally for as little as $0.60 per pill, and importing it from Canada or the UK would have cost approximately $1,000 to $2,000 a year.

Stock Performance

At the close of trading session on Thursday, March 16, 2017, following the announcement, PTC Therapeutics’ share price finished yesterday’s trading session at $8.84, tumbling 18.90%. A total volume of 5.18 million shares exchanged hands, which was higher than the 3 months average volume of 1.03 million shares. The stock has advanced 61.31% in the past twelve months. At Thursday’s closing price, the stock’s net capitalization stands at $294.55 million.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 457537

Upcoming AWS Coverage on Fred’s

LONDON, UK / ACCESSWIRE / March 17, 2017 / Active Wall St. announces its post-earnings coverage on Dollar Tree, Inc. (NASDAQ: DLTR). The Company released its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year fiscal 2016 (FY16) on March 01, 2017. The Chesapeake, Virginia-based Company’s net sales grew 5.0% y-o-y, while diluted EPS surged 40.2% y-o-y. Register with us now for your free membership at:

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One of Dollar Tree’s competitors within the Discount, Variety Stores space, Fred’s, Inc. (NASDAQ: FRED), is estimated to report earnings on March 22, 2017. AWS will be initiating a research report on Fred’s in the coming days.

Today, AWS is promoting its earnings coverage on DLTR; touching on FRED. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

Dollar Tree reported net sales of $5.64 billion in Q4 FY16, which came in above $5.37 billion recorded in Q4 FY15. Net sales numbers for Q4 FY16 also beat market consensus estimates of $5.63 billion. During the reported quarter, enterprise same-store sales increased 1.2% y-o-y on a constant currency basis, while the same-store sales increase was 1.3% y-o-y after adjusting for the impact of Canadian currency fluctuations.

The discount variety stores’ net income increased during Q4 FY16 to $321.8 million, or $1.36 per diluted share, from $229.0 million, or $0.97 per diluted share, in Q4 FY15. Additionally, the earnings in the reported quarter included expenses of $0.03 per share pertaining to debt prepayment. Therefore the Company’s adjusted earnings for Q4 FY16 were $1.39 per diluted share, which came in above Wall Street’s expectations of $1.33 per diluted share.

For full year FY16, the Company’s net sales stood at $20.72 billion, up 33.7% from $15.50 billion in FY15. The Company’s net income surged during FY16 to $896.2 million, or $3.78 per diluted share, from $282.4 million, or $1.26 per diluted share, in FY15.

During Q4 FY16, the Company inaugurated 104 stores, expanded or relocated 27 stores, and pulled shutter on 55 stores. Additionally, the Company opened eight former Family Dollar store locations as new Dollar Tree stores. Retail selling square footage as at the end of FY16 was approximately 112.4 million square feet.

Operating Metrics

For Q4 FY16, the Company’s gross profit came in at $1.81 billion, or 32.1% of net sales, compared to $1.65 billion, or 30.8% of net sales, in the year ago same period. The Company’s selling, general, and administrative expenses incurred during Q4 FY16 were $1.22 billion, or 21.7%, compared to $1.18 billion, or 22.0% of net sales in Q4 FY15. Additionally, the Company’s operating income rose to $586.5 million, or 10.4% of net sales, in Q4 FY16 from $469.7 million, or 8.8% of net sales, in the prior year’s comparable period.

Segment Performance

During Q4 FY16, net sales at Dollar Tree were $2.90 billion compared to $2.69 billion in the year ago corresponding quarter. The segment’s gross profit increased in Q4 FY16 to $1.09 billion, or 37.5% of segment sales, from $978.9 million, or 36.4% of segment sale, in Q4 FY15. Furthermore, the segment’s operating income during Q4 FY16 was $476.1 million, or 16.4% of segment sales, compared to $404.4 million, or 15.0% of segment sales, in Q4 FY15.

Family Dollar’s net sales increased to $2.74 billion in Q4 FY16 from $2.68 billion in the previous year’s comparable period. In Q4 FY16, the segment’s gross profit stood at $718.5 million, or 26.3% of segment sales, up from $673.7 million, or 25.2% of segment sale, in Q4 FY15. Additionally, the segment’s operating income for the reported period came in at $110.4 million, or 4.0% of segment sales, compared to $65.3 million, or 2.4% of segment sales, in Q4 FY15.

Cash Flow and Balance Sheet

In the year ended January 28, 2017, Dollar Tree’s net cash provided by operating activities surged to $1.67 billion from $802.5 million in FY15. As on January 28, 2017, the Company had cash and cash equivalents balance of $866.4 million compared to a balance of $736.1 million as on January 30, 2016. The Company reported long-term obligation of $6.17 billion in its books of accounts as on January 28, 2017, versus $7.24 billion as on January 30, 2016. Furthermore, net merchandise inventories stood at $2.87 billion as of January 28, 2017, compared to $2.89 billion as of January 30, 2016.

Earnings Outlook

In its guidance for full year FY17, Dollar Tree expects consolidated net sales to range between $21.94 billion and $22.33 billion with flat to low single-digit increase in same-store sales and 3.9% y-o-y square footage growth. Diluted earnings per share for FY17 are expected to be in the range of $4.20 to $4.56.

For Q1 FY17, consolidated net sales are estimated to be in the range of $5.26 billion to $5.35 billion with flat to low single-digit increase in same-store sales. Furthermore, the Company forecasts diluted earnings per share during Q1 FY17 to be between $0.91 and $0.98.

Stock Performance

At the close of trading session on Thursday, March 16, 2017, Dollar Tree’s stock price climbed 1.30% to end the day at $75.53. A total volume of 3.59 million shares were exchanged during the session, which was above the 3-month average volume of 2.85 million shares. Shares of the company have a PE ratio of 19.96. Additionally, the stock currently has a market cap of $17.94 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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SOURCE: Active Wall Street

ReleaseID: 457534

LONDON, UK / ACCESSWIRE / March 17, 2017 / Active Wall St. blog coverage looks at the headline from Virtu Financial Inc. (NASDAQ: VIRT) and KCG Holdings Inc. (NYSE: KCG). High speed trader KCG Holdings disclosed on March 15, 2017, that its Board of Directors has received an unsolicited offer from rival firm Virtu Financial. If the deal goes through, it will help Virtu to fortify its business, which has been affected by market volatility in recent times. Register with us now for your free membership and blog access at:

http://www.activewallst.com/register/

Today, AWS is promoting its blog coverage on VIRT and KCG. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

About Virtu’s proposal

Virtu has offered to buy all the outstanding shares of the Company and pay $18.50-$20.00 in cash for each KCG’s share. The proposal values KCG at approximately $1.3 billion. Virtu officially confirmed that it had made an offer to acquire KCG and its Company statement read:

“While we typically do not as a matter of policy comment about Virtu’s merger and acquisition activities, following yesterday’s press release by KCG Holdings, Inc. we can confirm that Virtu made a preliminary, non-binding proposal to acquire KCG. There are no assurances that any transaction will result from this proposal and Virtu does not intend to make any additional comments regarding this matter at this time.”

KCG’s Board is currently reviewing Virtu’s offer and is conferring with its legal and financial advisors as to the implication of the offer on its future plans and if it helps in value creation for its shareholders. KCG has not shared any other details on the matter.

About the two rivals

KCG Holdings

New York based KCG was founded in 2013 and is an emerging, independent, pure-play, technology-driven Company that undertakes high-frequency trading, electronic execution, institutional sales and trading, and market making. It has multiple access points which enable it to trade in global equities, fixed income, options, currencies and commodities. On March 14, 2017, KCG disclosed its trade volumes for the month of February 2017. In market making the firm’s averaged volume trade was approximately $28 billion which included trading of 10.9 billion shares and 3.4 million trades per day in US equities. The volumes for January 2017 were also on similar lines. In market making the firm’s averaged volume trade was approximately $28.1 billion which included trading of 8.9 billion shares and 3.5 million trades per day in US equities.

In September 2016, KCG completed the acquisition of Stockholm, Sweden-based independent agency broker, Neonet Securities AB. The acquisition was aimed at expanding KCG’s footprint in continental Europe

Virtu Financials

Founded in 2008, Virtu is also based in New York and has trade floors and development groups in North America, Europe and Asia. It is a global leader in electronic market making and operates on a number of exchanges, markets, and markets and liquidity pools. At the core of Virtu’s success is its innovative, proprietary technology that is designed to automate market making and post-trade activities.

In February 2017, Virtu released its financial results for Q4 and FY 2016 for the period ending on December 31, 2016. The Company reported net income of $34.9 million for the quarter and $158.5 million for the full year. Its basic and diluted EPS for the quarter was $0.22 versus EPS of $0.88 for the full year. The Company’s total revenues were $170.6 million for the quarter and $702.3 million for the full year.

Trading firms are struggling due to chronic low volatility in markets. The recent price war amongst e-trading players with regards to reducing of trading commissions is indicative of the changing market scenario. It is an indication that there are more players than customers. To survive in these volatile market conditions of high supply, low demand, and expensive technological upgrades, one can expect more consolidation amongst the traders in the future.

Stock Performance

At the close of trading session on Thursday, March 16, 2017, Virtu Financial’s share price finished yesterday’s trading session at $16.65, slightly down 0.60%. A total volume of 2.38 million shares exchanged hands, which was higher than the 3 months average volume of 493.75 thousand shares. The stock has advanced 5.18% and 3.21% in the last three months and past six months, respectively. Furthermore, since the start of the year, shares of the Company have gained 5.84%. The stock is trading at a PE ratio of 18.52 and has a dividend yield of 5.77%. At Thursday’s closing price, the stock’s net capitalization stands at $2.31 billion.

On Thursday, KCG Holdings’ stock closed the trading session at $17.98, jumping 6.39% from its previous closing price of $16.90. A total volume of 6.62 million shares have exchanged hands, which was higher than the 3-month average volume of 479.60 thousand shares. KCG Holdings’ stock price soared 25.73% in the last month, 29.35% in the past three months, and 25.73% in the previous six months. Furthermore, on a year to date basis, the stock surged 35.70%. Shares of the company have a PE ratio of 5.73 and currently have a market cap of $1.19 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 457541

Upcoming AWS Coverage on Nimble Storage Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 17, 2017 / Active Wall St. announces its post-earnings coverage on Pure Storage, Inc. (NYSE: PSTG). The Company posted its fourth quarter and fiscal 2017 results on March 01, 2017. The data storage Company surpassed top- and bottom-line expectations. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of Pure Storage’s competitors within the Data Storage Devices space, Nimble Storage, Inc. (NYSE: NIML), reported on March 07th, 2017, its financial results for the Q4 FY17 and FY17. AWS will be initiating a research report on Nimble Storage in the coming days.

Today, AWS is promoting its earnings coverage on PSTG; touching on NIML. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

For the quarter ended January 31, 2017, Pure Storage’s revenues were a record $227.9 million, up 52% y-o-y and 16% q-o-q, which is 2% above the mid-point of the Company’s guidance. Pure Storage’s revenue numbers topped analysts’ consensus of $223.9 million. For the full year 2017, Pure Storage’s revenues were $728 million, up 65% from the prior year and 3.3% above the Company’s guidance range. Pure Storage has grown revenues 2.7 times in the six quarters it has reported since the Company’s IPO.

During Q4 FY17, Pure Storage added 450 new customers, bringing its total for the year up to 1,400 customers added; increasing the Company’s customer count to over 3,000 totals, including well over 100 from the Fortune 500 and roughly 70% of the net new logos in the quarter were driven by the channel. Pure Storage noted that Cloud companies account for more than 25% of its total sales. The Company serves over 500 software as a service, infrastructure as a service, and consumer Internet cloud customers. And since inception, 8 of the top 10 telecommunications providers have collectively spent over $100 million with Pure Storage.

For Q4 FY17, non-GAAP operating losses were negative $4.4 million, or negative 1.9% of revenue, compared to non-GAAP operating losses of negative $20.9 million, or negative 13.9% of revenue, in the year-ago corresponding quarter. This represents a 12% improvement in operating margin year-on-year and a 7.9% improvement sequentially. The Company’s operating loss for FY17 was negative $96.3 million, or negative 13.2% of revenue, 31% lower than the operating loss for the last fiscal year and 32% ahead of its operating loss guidance.

Pure Storage reported net loss of $42.9 million, or $0.21 per share, compared to net loss of $44.3 million, or $0.24 per share. Losses, adjusted for stock option expense, were $0.02 per share. The results surpassed Wall Street’s expectations for a loss of $0.07 per share.

Segment Results

Pure Storage’s Product revenue in Q4 grew 47% y-o-y to $186.8 million, driven in part by a record 450 new customers and excellent demand from the existing customers. Pure Storage stated that during the reported quarter, across its entire customer base, for every $1 that the customers spent initially they spent an average of an additional $2 within the next 24 months.

Pure Storage’s Support revenue in Q4 FY17 grew 79% y-o-y and 13% quarter on quarter to $41.1 million, driven by revenue recognition on ongoing support contracts. The Company continues to drive loyalty among its customers, demonstrated by a strong customer retention rate in the mid-90% range.

From a geographic perspective, 77% of Pure Storage’s revenue came from the US and 23% internationally for Q4 FY17 and FY17, compared to an 80/20 split in the prior fiscal year.

Product gross margins of 66.6% improved 0.6% sequentially and declined 1.7% year-on-year. Support gross margins of 63.6% improved 10.2% year-on-year and 0.4% sequentially.

Total headcount at the end of Q4 was over 1,700, up from 1,650 at the end of Q3 and up from 1,300 a year ago.

Balance Sheet & Cash Flow

Pure Storage finished FY17 with cash and investments of $546.7 million. The Company’s free cash flow was positive $25.3 million, or 11% of revenue, in Q4 FY17 compared to $32.1 million, or 21% of revenue in the year ago same quarter. The Company noted that this included $8.1 million of cash impact related to its employee stock purchase plans. Excluding this amount, free cash flow would have been $17.2 million, or 8% of revenue, compared to $21 million, or 15% of revenue, for the year-ago comparable quarter.

For the full fiscal year ending on January 31, 2018, Pure Storage expects revenues to be between $975 million and $1.025 billion. The Company expects gross margins between 63.5% and 66.5% and operating margins between negative 9% and negative 5%.

For Q1 FY18, Pure Storage expects revenues of between $171 million and $179 million. Turning to gross margins, it expects Q1 FY18 non-GAAP gross margins in the range of 63.5% and 66.5%.

Stock Performance

At the close of trading session on Thursday, March 16, 2017, Pure Storage’s stock price climbed 1.07% to end the day at $10.39. A total volume of 574.73 thousand shares were exchanged during the session. The stock currently has a market cap of $2.01 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 457549

Upcoming AWS Coverage on Conn’s Post-Earnings Results

LONDON, UK / ACCESSWIRE / March 17, 2017 / Active Wall St. announces its post-earnings coverage on Best Buy Co., Inc. (NYSE: BBY). The Company announced its financial results for the fourth quarter fiscal 2017 (Q4 FY17) and full year fiscal 2017 (FY17) on March 01, 2017. The Minneapolis, Minnesota-based Company’s GAAP and non-GAAP diluted EPS from continuing operations surged 37% and 27% y-o-y, respectively. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of Best Buy Co.’s competitors within the Electronics Stores space, Conn’s, Inc. (NASDAQ: CONN), is estimated to report earnings on April 04, 2017. AWS will be initiating a research report on Conn’s in the coming days.

Today, AWS is promoting its earnings coverage on BBY; touching on CONN. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

Best Buy reported revenue of $13.48 billion in Q4 FY17, which came in marginally below $13.62 billion recorded in Q4 FY16. Revenue numbers for Q4 FY17 lagged behind market forecasts of $13.61 billion. Meanwhile, enterprise comparable sales were down by 0.7% in the reported quarter compared to a 1.7% decline in Q4 FY16.

The consumer electronics retailer’s GAAP net earnings from continuing operations came in at $607 million, or $1.91 per diluted share, in Q4 FY17 compared to $477 million, or $1.39 per diluted share, in Q4 FY16. The Company reported non-GAAP net earnings of $621 million, or $1.95 per diluted share, in Q4 FY17 versus $524 million, or $1.53 per diluted share, in Q4 FY16. Wall Street had expected the Company to report non-GAAP net earnings of $1.66 per diluted share.

In FY17, Best Buy’s revenue came in at $39.40 billion compared to $39.53 billion in the previous year. The Company reported net earnings from continuing operations of $1.21 billion, or $3.74 per diluted share, in FY17 versus $807 million, or $2.30 per diluted share, in FY16. Furthermore, the Company’s non-GAAP net earnings during FY17 were $1.15 billion, or $3.56 per diluted share, compared to $973 million, or $2.78 per diluted share, in FY16.

Operating Metrics

In Q4 FY17, the Company’s non-GAAP gross profit improved to $3.03 billion, or 22.5% of revenue from $2.95 billion, or 21.6% of revenue, in the year ago same period. The Company’s non-GAAP selling, general, and administrative expenses for Q4 FY17 came in at $2.13 billion, or 15.8% of revenues, compared to $2.14 billion, or 15.7% of revenues, in Q4 FY16. Additionally, the Company’s non-GAAP operating income also rose to $900 million, or 6.7% of revenues, in Q4 FY17 from $808 million, or 5.9% of revenues, in the prior year’s comparable period.

Segment Performance

During Q4 FY17, Domestic segment’s revenue fell to $12.34 billion from $12.51 billion in the previous year’s corresponding quarter. The segment’s comparable revenue reported a 0.9% decline during the Q4 FY17 versus a decline of 1.7% in the year ago same period. Additionally, the non-GAAP segment’s operating income for the reported period stood at $819 million, or 6.6% of segment revenues, compared to $756 million, or 6.0% of segment revenues, in Q4 FY16.

International segment contributed $1.14 billion to total revenue in Q4 FY17 compared to $1.12 billion in Q4 FY16. The segment’s non-GAAP gross profit for Q4 FY17 was $281 million, or 24.6% of segment revenues, versus $244 million, or 21.8% of segment revenues, in previous year’s comparable quarter. Additionally, the segment reported non-GAAP operating income of $81 million, 7.1% of segment revenues, in Q4 FY17 compared to $52 million, or 4.7% of segment revenues, in Q4 FY16.

Cash Flow and Balance Sheet

In year ended January 28, 2017, net cash provided by operating activities surged to $2.55 billion from $1.32 billion in FY16. As on January 28, 2017, the Company had cash and cash equivalents balance of $2.24 billion compared to a balance of $1.98 billion as on January 30, 2016. The Company reported long-term debt of $1.32 billion in its books of accounts as on January 28, 2017 versus $1.34 billion as on January 30, 2016. Furthermore, total merchandise inventories as of January 28, 2017, stood at $4.86 billion compared with $5.05 billion at the end of FY17.

Dividends and Share Repurchases

In a separate press release on March 01, 2017, Best Buy’s Board of Directors announced a 21% hike in the regular quarterly dividend to $0.34 per share. The dividend is payable on April 12, 2017, to shareholders of record at the close of business on March 22, 2017.

In Q4 FY17, the Company repurchased 5.3 million shares for a total of $226 million under its $1 billion share repurchase program announced on February 25, 2016. In FY17, the Company has bought back 21.0 million shares worth $743 million. Additionally, on March 01, 2017, the Company announced a new $3 billion share repurchase plan expected to be completed over the next two years.

Earnings Outlook

In its guidance for FY18, Best Buy’s expects enterprise revenue growth of approximately 1.5% on a 53-week basis. The Company projects enterprise non-GAAP operating income growth rate in FY18 to be in the low single digits on a 53-week basis.

For Q1 FY18, enterprise revenue in anticipated to be in the range of $8.2 billion to $8.3 billion with comparable sales change in the range of (1.0%) to (2.0%). Furthermore, non-GAAP diluted EPS for Q1 FY18 is anticipated to be in the range of $0.35 to $0.40.

Stock Performance

On March 16, 2017, Best Buy’s share price finished the trading session at $44.50, marginally advancing 0.20%. A total volume of 3.80 million shares exchanged hands. The stock has surged 18.87% and 42.09% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 4.29%. The stock is trading at a PE ratio of 11.83 and has a dividend yield of 2.65%.

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