NEW YORK, NY / ACCESSWIRE / June 30, 2017 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against CenturyLink, Inc. (“CenturyLink” or the “Company”) (NYSE: CTL) securities and certain of its officers, on behalf of a class who purchased CenturyLink securities between February 27, 2014 and June 15, 2017, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/ctl.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, the complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) CenturyLink’s policies allowed its employees to add services or lines to accounts without customer permission, resulting in millions of dollars in unauthorized charges to CenturyLink customers; (2) as a result, CenturyLink’s revenues were the product of illicit conduct and unsustainable; (3) this illicit conduct was likely to subject CenturyLink to heightened regulatory scrutiny; and (4) consequently, CenturyLink’s public statements were materially false and misleading at all relevant times.

On June 16, 2017, Bloomberg reported, “CenturyLink is Accused of Running a Wells Fargo- Like Scheme,” stating that a “former CenturyLink, Inc. employee claims she was fired for blowing the whistle on the telecommunications company’s high-pressure sales culture that left customers paying million of dollars for accounts they didn’t request.” The article continues that “she was fired days after notifying Chief Executive Officer Glen Post of the alleged scheme during a companywide question-and-answer session held on an internal message board.” Following this news, CenturyLink stock dropped $1.23 per share or roughly 4.5% to close at $25.72 per share on June 16, 2017.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: www.bgandg.com/ctl, or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in CenturyLink, you have until August 21, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 466606

NEW YORK, NY / ACCESSWIRE / June 30, 2017 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against General Motors Company (“GM” or the “Company”) (NYSE: GM) and certain of its officers, on behalf of shareholders who purchased GM securities between February 27, 2012 through May 25, 2017, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/gm.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) GM installed three distinct defeat devices in over 700,000 trucks with Duramax diesel engines from 2011 to 2016 to beat emissions tests in the U.S.; (2) as a result, these trucks emit up to five times the legal limit of nitrogen oxide pollutants; and (3) consequently, GM’s public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: http://www.bgandg.com/gm, or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in GM, you have until July 26, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 465193

HOUSTON, TX / ACCESSWIRE / June 30, 2017 / Quantum Medical Transport, Inc., (the “Company”) formally known as A Clean Slate, Inc., announces the closing of the acquisition of United Ambulance, LLC, a Texas emergency and non-emergency medical transportation company. We now have 26 full-time employees, operating since 2006, with revenue of $1.2 Million annually. We have retained existing management and the employees, as the Company has a very experienced team. The Company will continue to operate under the name of United Ambulance, LLC as a wholly owned subsidiary of Quantum Medical Transport, Inc.

The Company is still in the process of completing its consolidated audit report for the public company. The process has taken longer for the audit than originally anticipated by our audit firm, MaloneBailey, LLP. We have tried to manage shareholder expectations and provide some guidance regarding the process and timeline. We expect to have the audit completed by July 10, 2017, according to the audit firm.

The Company is moving forward with its business plan and will continue to update shareholders as developments take place. We are currently planning to expand our ambulance operations and increase our fleet and staff to increase earnings. We are still seeking other acquisition targets to grow market share. We wanted to share our CEO interview with The Stock Radio show. To listen, click the link here: http://thestockradio.com/quantum-medical-transport-inc-3638.html.

“We are a growth Company in a high demand industry that is ripe for consolidation. We are excited about the opportunity for growth and expansion of our Company and would like our shareholders to enjoy the ride with us,” says Ricky Bernard.

About Quantum Medical Transport

QUANTUM MEDICAL TRANSPORT, INC. is an emergency and non-emergency medical services transportation company that operates in the State of Texas. The Company provides basic and advanced life support ground transport in an emergency and non-emergency setting, 24 hours a day, and seven days a week. The Company makes both local and regional out-of-town services available on a daily dispatch basis.

Management remains focused on providing prompt, high-quality patient care at the Advanced and Basic Life Support levels. Employees will work diligently to achieve goals while maintaining the highest standards of care.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “intends, “plans,” “should,” “seeks,” “pro forma,” “anticipates,” “estimates,” “continues,” or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under “Risk Factors” and “Our Business.” Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.

Investor Relations:

Ricky Bernard
832-436-1831 x100
info@quantummedicaltransport.com
www.quantummedicaltransport.com

SOURCE: Quantum Medical Transport, Inc.

ReleaseID: 467222

The Portal is Offering a Plethora of Great Content from Videos and Articles to Live Events, All Geared Toward Helping Men Better Themselves

LOS ANGELES, CA / ACCESSWIRE / June 30, 2017 / Legendary Man is inviting visitors to explore their new website, designed to be an online portal uniting men from around the world, and operating around the goal that celebrates all men as they are, champions their transformation, and inspires men to serve others.

To check out the new website and browse through all that it has to offer, please visit www.legendary-man.com.

Created to offer men content ranging from in-depth articles and feature stories to videos and live events, the site introduces visitors to founder Nate Lind and his vision behind Legendary Man, as well as the idea of the 12 Champions – the embodiments of the timeless stories and journeys that all men share. Each represents the roles men play in life, the paths they walk, the lessons they learn, and the way they interact.

“The Champions have been with us since the dawn of time. We see them over the ages in art, literature, myth, and religion,” Lind says. “The community will see that, not only do the Champions embody figures in modern and historic times, but are also virtues within.”

Community members can also learn about and register for Legendary Man events, including the upcoming inaugural Quest of Champions, slated to take place on July 22nd in Albuquerque, New Mexico.

“This live-action hero’s journey is an afternoon adventure through the city that’s part Amazing Race and part Treasure Hunt,” Lind notes, adding that the quest will encourage players to complete physical and mental challenges, seek out new locations where the participants will see “figures in history that embody what being a legend means.”

Additionally, visitors can check out the Legendary Man online store which provides tools that empower, excite, and fulfill men in their journey through modern masculinity and features merchandise from hoodies and tanks to health and grooming products.

The site also features social capabilities at the forefront, offering users one-click functions to share content across their social media channels.

About Legendary Man:

Legendary Man is a worldwide association of men who are inspired to share their own hero’s journey as they explore the meaning of modern masculinity. To learn more, visit www.legendary-man.com.

Contact:

Nate Lind
info@legendary-man.com
505-697-1995

SOURCE: Legendary Man

ReleaseID: 467223

LONDON, UK / ACCESSWIRE / June 30, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Dorian LPG Ltd. (NYSE: LPG), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=LPG, following the Company’s announcement of its fourth quarter and fiscal 2017 financial results on June 14, 2017. The owner and operator of large gas carriers reported a y-o-y decline in revenue and earnings on subdued LPG demand. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on LPG. With the links below you can directly download the report of your stock of interest free of charge at: http://protraderdaily.com/optin/?symbol=LPG.

Earnings Reviewed

For the three months ended March 31, 2017, Dorian’s revenues of $47.6 million, including net pool revenues – related party, voyage charters, time charters and other revenues earned by its vessels – decreased 44.2% from $85.3 million for Q4 FY16. The decline was primarily attributable to a 47% decrease in average TCE rates from $46,376 in the prior year’s corresponding quarter to $24,677 in the reported period, impacted by a large number of new buildings delivered into the global fleet during the period, commodity price fluctuations, and LPG price firmness in the United States, thereby subduing demand for long-haul LPG transportation. The Company’s revenue numbers topped analysts’ expectations of $37.93 million.

For FY17, Dorian reported revenues of $167.4 million, down 42.1% from $289.2 million for FY16.

During Q4 FY17, Dorian’s Voyage expenses were $0.6 million reflecting a decrease of 15.6% from $0.7 million for Q4 FY16 attributable to the Grendon’s operating in the Company’s fleet during the year ago same period incurring voyage expenses of $0.1 million for the three months ended March 31, 2016, that did not recur during the reported quarter as the vessel was sold prior to the period. Voyage expenses are all expenses unique to a particular voyage, including bunker fuel consumption, port expenses, canal fees, charter hire commissions, war risk insurance, and security costs. For FY17, Dorian’s Voyage expenses were $3.0 million, reflecting a decrease of 75.4% from $12.1 million for the year ended March 31, 2016.

Dorian’s Vessel operating expenses were $16.6 million, or $8,363 per vessel per calendar day, during Q4 FY17, relatively unchanged from $16.6 million, or $8,350 per vessel per calendar day, for Q4 FY16. The Company’s Vessel operating expenses were $66.1 million during FY17, or $8,233 per vessel per calendar day, down 40.3% from $47.1 million, or $8,581 per vessel per calendar day, for FY16.

Dorian’s interest and finance costs amounted to $7.4 million for Q4 FY17, an increase of 5.5% from $7.1 million for Q4 FY16, primarily due to a $0.2 million increase in interest incurred on its long-term debt, amortization, and other financing expenses, including capitalized interest.

For Q4 FY17, Dorian reported net income amounted of $2.0 million, or $0.04 per share, compared to net income of $20.2 million, or $0.36 per share, for Q4 FY16. The Company’s adjusted net income amounted to $1.0 million, or $0.02 per share, for the reported quarter compared to adjusted net income of $33.8 million, or $0.60 per share, for the prior year’s same quarter. The decrease in adjusted net income was primarily attributable to a reduction in revenues; a $0.4 million increase in interest and finance costs; a $0.2 million increase in depreciation and amortization; and a $0.1 million increase in foreign currency loss, net, partially offset by a $4.1 million decrease in general and administrative expenses; and a $1.6 million decrease in realized loss on derivatives. The Company’s results surpassed Wall Street’s expectations for a loss of $0.14 per share.

Operating Metrics

During Q4 FY17, Dorian increased vessel operating days to 1,906 from 1,826 in the same period in the prior year along with increased fleet utilization from 91.8% to 96.3%. The Company increased vessel operating days to 7,464 in FY17 from 5,031 in the prior year along with increased fleet utilization from 93.1% to 93.6%.

Stock Performance

On Thursday, June 29, 2017, the stock closed the trading session at $8.15, slightly up 0.37% from its previous closing price of $8.12. A total volume of 130.93 thousand shares have exchanged hands. Dorian LPG’s stock price surged 4.35% in the last one month and 10.73% in the previous twelve months. The stock currently has a market cap of $424.94 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD 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.

PRO-TD 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 contact@protraderdaily.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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.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: contact@protraderdaily.com

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Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

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

SOURCE: Pro-Trader Daily

ReleaseID: 467192

LONDON, UK / ACCESSWIRE / June 30, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Jabil Circuit, Inc. (NYSE: JBL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=JBL, following the Company’s release of its third quarter fiscal 2017 financial results on June 13, 2017. The Company surpassed top- and bottom-line expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on JBL. With the links below you can directly download the report of your stock of interest free of charge at: http://protraderdaily.com/optin/?symbol=JBL.

Earnings Reviewed

For the three months ended May 31, 2017, Jabil reported revenue of $4.49 billion compared to revenue of $4.31 billion in Q3 FY16. The Company’s revenue numbers came in ahead of analysts’ expectations of 4.4 billion.

During Q3 FY17, Jabil’s GAAP operating income was $43.38 million compared to $59.60 million in Q3 FY16. The Company’s Core operating income, excluding amortization of intangibles, stock-based compensation, restructuring and related charges, was $114 million for the reported quarter and represented 2.5% of revenue.

For Q3 FY17, Jabil reported net loss of $25.70 million, or $0.14 per share, compared to earnings of $5.84 million, or $0.03 per share, in Q3 FY16. The Company’s earnings, adjusted for one-time items, totaled $0.31 per share versus $0.17 per share in the prior year’s same period and ahead of Wall Street’s expectations of $0.29 per share.

Segment Results

During Q3 FY17, Jabil’s Diversified Manufacturing Services segment generated revenue of $1.67 billion, an increase of 14% on a y-o-y basis and represented 37% of total Company revenue. Operating income for the quarter was 0.2%.

The Company’s Electronics Manufacturing Services segment recorded revenue of $2.82 billion for Q3 FY17, down 1% on a y-o-y basis, and this represented 63% of the Company’s total revenue. Operating income for this segment was 3.9% in the reported quarter, an improvement of 40 basis points on a year-over-year basis

Cash Matters

Jabil ended Q3 FY17 with cash balances of $744 million. The Company’s net capital expenditures for the reported quarter totaled $138 million, while capital expenditures on a year-to-date basis totaled $439 million. For FY17, Jabil is forecasting net capital expenditures to be $600 million

During Q3 FY17, Jabil’s cash flows from operations totaled $187 million with year-to-date cash flows being $533 million. The Company expects to deliver at least $1 billion of cash flows from operations in the full fiscal year.

Jabil stated that it is on track in its plan to return 40% of cash flows from operations via dividend and share repurchases through fiscal 2018 and up to a maximum of $1 billion. Till the end of Q3 FY17, the Company has returned some $390 million in dividends and share repurchases under this framework. Jabil stated that it has utilized approximately $330 million as of the end of the reported quarter, repurchasing some 14.8 million shares at an average price of $22.34.

Jabil noted that headcount reductions across its SG&A cost base are complete, and capacity realignment activity in high-cost locations is expected to occur in H1 FY18. The Company accrued charges associated with this plan of approximately $31 million in Q3 FY17, bringing year-to-date charges to approximately $110 million. The Company noted that based on its current estimates of the timing of the capacity realignment actions, full savings of $70 million to $90 million remain on track to be fully realized commencing in fiscal year 2019.

Outlook

For Q4 FY17, Jabil’s Diversified Manufacturing Services segment is expected to increase revenue by 26% on a y-o-y basis to approximately $2.05 billion, while the Electronics Manufacturing Services segment is expected to grow by 2% on a y-o-y basis to revenues of $2.85 billion. The Company is projecting total revenue in the upcoming quarter to be in the range of $4.7 billion to $5.1 billion.

Jabil’s core operating income is estimated to be in the range of $165 million to $215 million, with a core operating margin in the range of 3.5% to 4.2%. Core earnings per share are estimated to be in the range of $0.50 to $0.74 per diluted share and GAAP earnings per share expected to be in the range of $0.13 to $0.48 per diluted share.

For FY17, Jabil is estimating core earnings per share growth of 13%; cash flows from operations of at least $1 billion; capital expenditures of $600 million or less; while the Company plans to return approximately $370 million to shareholders via dividends and stock repurchases.

Stock Performance

At the closing bell, on Thursday, June 29, 2017, Jabil Circuit’s stock declined 2.45%, ending the trading session at $29.04. A total volume of 1.28 million shares have exchanged hands. The Company’s stock price skyrocketed 22.17% in the past six months and 63.15% in the previous twelve months. Moreover, the stock rallied 22.69% since the start of the year. The stock is trading at a PE ratio of 45.45 and has a dividend yield of 1.10%. The stock currently has a market cap of $5.25 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD 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.

PRO-TD 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 contact@protraderdaily.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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.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: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

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

SOURCE: Pro-Trader Daily

ReleaseID: 467202

Research Desk Line-up: American Software Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 30, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Adobe Systems Inc. (NASDAQ: ADBE), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ADBE, following the Company’s posting of its second quarter fiscal 2017 financial results on June 20, 2017. The maker of the Creative Suite of products outperformed top- and bottom-line expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

Get more of our free earnings reports coverage from other constituents of the Application Software industry. Pro-TD has currently selected American Software, Inc. (NASDAQ: AMSWA) for due-diligence and potential coverage as the Company reported on June 22, 2017, its preliminary financial results for Q4 and fiscal 2017. Register for a free membership today, and be among the early birds that get access to our report on American Software when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ADBE; also brushing on AMSWA. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ADBE

http://protraderdaily.com/optin/?symbol=AMSWA

Earnings Reviewed

For the quarter ended June 02, 2017, Adobe achieved record quarterly revenue of $1.77 billion compared to revenue of $1.40 billion in Q2 FY16. The Company’s revenue numbers surpassed analysts’ forecasts of $1.73 billion. Adobe stated that from a y-o-y currency perspective, FX decreased revenue by $19.2 million. The Company had $13.3 million in hedge gains in Q2 FY17 versus $3.6 million in hedge gains in Q2 FY16, thus, the net y-o-y currency decrease to revenue, considering hedging gains, was $9.5 million.

During Q2 FY17, Adobe’s digital Media segment’s revenue totaled $1.21 billion with Creative revenue growing to a record $1.01 billion. The Company stated that strong Creative Cloud and Document Cloud adoption and retention drove Digital Media Annualized Recurring Revenue (“ARR”) to $4.56 billion exiting the quarter, reflecting a q-o-q increase of $312 million.

In Q2 FY17, Adobe Experience Cloud achieved record revenue of $495 million, which represents 29% growth on a y-o-y basis. Additionally, the Company increased Creative ARR by $285 million during the reported quarter and exited the quarter with $4.04 billion of Creative ARR.

Adobe’s Document Cloud achieved revenue of $200 million in Q2 FY17 and Document Cloud ARR grew to $520 million exiting the reported quarter. Adobe stated that during Q2 FY17 Mobile data transactions grew to 57% of total Adobe Analytics transactions.

For Q2 FY17, Adobe reported net income of $374.4 million, or $0.75 per share, on sales of $1.77 billion, compared to $244.07 million, or $0.48 per share, in Q2 FY16. After adjusting for stock-based compensation and other effects, the Company recorded earnings of $1.02 per share ahead of Wall Street’s expectations of $0.95 per share.

Cash Flow

During Q2 FY17, Adobe’s cash flow from operations was $645 million and deferred revenue grew to approximately $2.07 billion. The Company repurchased approximately 2 million shares during the reported quarter, returning $266 million of cash to stockholders. Adobe’s deferred revenue grew to a record $2.07 billion, up 23% on a y-o-y basis. The Company’s ending cash and short-term investment position exiting Q2 FY17 was $4.93 billion.

In Q2 FY17, Adobe’s effective tax rate was 24% on a GAAP basis and 21% on a non-GAAP basis. The Company’s trade DSO was 46 days, which compared to 43 days in the year ago same quarter and 46 days in the previous quarter.

Outlook

In Q3 FY17, Adobe is targeting revenue of approximately $1.815 billion and net new Digital Media ARR of approximately $300 million. The Company is forecasting Digital Media segment y-o-y revenue growth of approximately 26%, Adobe Experience Cloud y-o-y revenue growth of approximately 25%. Adobe is expecting GAAP earnings per share of approximately $0.72 and non-GAAP earnings per share of approximately $1.00 in the upcoming quarter.

Stock Performance

On Thursday, June 29, 2017, the stock closed the trading session at $141.24, slipping 1.79% from its previous closing price of $143.81. A total volume of 2.61 million shares have exchanged hands, which was higher than the 3-month average volume of 2.58 million shares. Adobe Systems’ stock price skyrocketed 8.97% in the last three months, 36.11% in the past six months, and 49.63% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 37.19%. The stock is trading at a PE ratio of 49.08. At Thursday’s closing price, the stock’s net capitalization stands at $70.14 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD 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.

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SOURCE: Pro-Trader Daily

ReleaseID: 467200

LONDON, UK / ACCESSWIRE / June 30, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Finisar Corp. (NASDAQ: FNSR), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=FNSR, following the Company’s reporting of its fourth quarter and fiscal 2017 financial results on June 15, 2017. The global technology leader for subsystems and components for fiber optic communications met earnings expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at: http://protraderdaily.com/register/.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on FNSR. With the links below you can directly download the report of your stock of interest free of charge at: http://protraderdaily.com/optin/?symbol=FNSR.

Earnings Reviewed

For the fourth quarter ended April 30, 2017, Finisar generated revenues of $357.5 million, down 6% compared to revenue of $380.6 million in Q3 FY17, and ahead of revenue of $318.80 million in Q4 FY16. The q-o-q decline was attributed to a drop in telecom revenues due to lower revenues from its Chinese OEM customers and the impact of the full three months of the annual telecom price erosion. Finisar’s revenue number fell short of analysts’ expectations of $362.3 million.

Finisar’s revenues for FY17 totaled $1.45 billion, an all-time record for the Company, reflecting an increase of 14.7%, over revenue of $1.26 billion in FY16.

During Q4 FY17, sales of Finisar’s datacom products fell 1.1% on a q-o-q basis. The Company’s sales of 100G QSFP28 transceivers for datacom applications increased over 30% compared to the prior quarter, however, this increase was more than offset by lower demand for other datacom products, primarily the Company’s 10G and below shortwave transceivers. In Q4 FY17, Finisar’s sales of telecom products decreased by 18.2% on a sequential basis.

During FY17, sales of Finisar’s products for datacom applications increased by 12.1% on a y-o-y basis primarily due to growth in demand for 100G transceivers, which grew over 80% compared to the prior year. The Company’s sales of products for telecom applications surged 22.0%, compared to the preceding year primarily driven by growth in the demand for 100G.

Finisar’s GAAP gross margin was 35.0% compared to 35.9% in Q3 FY17, primarily due to the impact of the full three months of the annual telecom price erosion and 28.4% in Q4 FY16. The Company’s non-GAAP gross margin was 36.2% compared to 37.0% in the previous quarter.

During Q4 FY17, Finisar’s GAAP operating expenses were $84.3 million compared to $81.7 million in Q3 FY17 and $76.31 million in Q4 FY16. The Company’s non-GAAP operating expenses for the reported quarter totaled $71.0 million compared to $70.5 million in the previous quarter.

Finisar’s GAAP operating margin was 11.4% in Q4 FY17 compared to 14.4% in Q3 FY17. The Company’s non-GAAP operating margin was 16.3% in the reported quarter compared to 18.5% in the prior quarter.

Finisar’s GAAP earnings per fully diluted share were $1.13 in Q4 FY17 compared to $0.40 in Q3 FY17 and $0.12 per diluted share in Q4 FY16. In the reported quarter, the Company realized a non-cash benefit of $103.3 million to the GAAP income tax provision due to the release of a significant portion of its valuation allowance against certain US deferred tax assets. Finisar’s non-GAAP earnings per fully diluted share were $0.50 compared to $0.59 in the previous quarter primarily due to the lower revenue levels. The results matched Wall Street’s expectations for earnings of 50 cents per share.

During FY17, Finisar’s GAAP earnings per fully diluted share was $2.19 compared to $0.32 in the preceding year. During fiscal 2017, the Company realized a non-cash benefit of $103.3 million. Finisar’s non-GAAP earnings per fully diluted share were $2.03 in the reported quarter compared to $1.01 in the year ago same period.

Cash Matters

Finisar’s cash, cash equivalents, and short-term investments increased $674.3 million to $1.2 billion at the end of FY17 compared to $562.5 million at the end of FY16. This increase was primarily due to the issuance of $575.0 million of 0.50% convertible notes due in December 2036, which yielded net proceeds of $569.3 million. Excluding those net proceeds, the Company’s cash would have increased $105.0 million during the year.

Outlook

During Q1 FY18, Finisar indicated that it currently expects revenues in the range of $330 million to $350 million, non-GAAP gross margin of approximately 35%, non-GAAP operating margin of approximately 14%, and non-GAAP earnings per fully diluted share in the range of approximately $0.37 to $0.43.

Stock Performance

On Thursday, June 29, 2017, the stock closed the trading session at $26.24, dropping 3.07% from its previous closing price of $27.07. A total volume of 3.01 million shares have exchanged hands. Finisar’s stock price soared 6.41% in the last one month and 51.68% in the previous twelve months. The stock is trading at a PE ratio of 12.06 and currently has a market cap of $2.93 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD 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.

PRO-TD 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 contact@protraderdaily.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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.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: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

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

SOURCE: Pro-Trader Daily

ReleaseID: 467193