TECH SECTOR UPDATE – Tech Leader Enters Rapidly Growing Fantasy Sports Industry
NEW YORK, NY / ACCESSWIRE / September 29, 2015 / The technology sector held relatively well after a day when the overall market was down heavily. In this market there are many opportunities that present themselves. We have chosen five companies to see if there are any prospects that may provide an opportunity.
Viggle, Inc. trading under the symbol VGGL is the most exciting of the bunch. They are the industry leader on the leading-edge of the next generation of “social content” companies, a disruptive technology that could change the way people watch TV like the internet changed the way people communicate.
Now Viggle is entering the extremely fast growing and profitable fantasy sports industry. Investors who are looking for a companies at a bargain after the sell off yesterday should be very pleased with Viggle. To learn more about this exciting company, use the following link at no cost or email entry.
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The Fuel Cell Tax Extenders Act of 2015 should be a boost for Plug Power, Inc. (NASDAQ: PLUG), a developer of fuel cell technology. The Bill, introduced on September 18th would extend federal incentives for residential, commercial and vehicular fuel cell use as well as extend and expand credits for hydrogen infrastructure. The current Bill that Congress passed has incentives set to expire this year and next. The new Bill will extend incentives for investment in hydrogen and fuel cell technologies until 2021 and broaden the scope of those taking advantage of the incentives.
The quarter ended June 30, 2015 was the best ever for PLUG as they generated revenue of $24,009,000. The company’s cash burn continues to negate any profits at this point but the revenue growth. Revenue was weak in the first quarter ended March 31, 2015 at just over $9 million but the YTD revenue at June 30th puts the company on a pace to outperform FY 2014’s revenue of $64 million.
Lattice Semiconductor Corporation (NASDAQ: LSCC) a provider of customizable smart connectivity solutions has released an ECP5 Versa development kit. The kit lets customers evaluate the connectivity performance of the ECP5 FPGA with a range of standards, including PCI Express, Gigabit Ethernet, DDR3 and generic SERDES. The new ECP5 Versa development kit is available direct from Lattice at a limited promotional price of $99.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is a manufacturer of high-performance solar cells and the analysts like the stock. Of the five analysts following JASO three have a buy rating and two are hold. Four to six analysts have weighed in on revenue and earnings estimating growth in both areas, particularly in earnings where the average estimate for 2015 is $1.36 and 2016 is $1.47.
JASO, a China-based solar company, services a customer base, spanning over Germany, Italy, the U.S., Spain, India, Korea, China and Japan. In an effort at widening its geographical customer base the company has generated incremental international sales. The company is expanding its presence by creating local partnerships in Japan, UK, South Africa and Latin America.
Extreme Networks Inc. (NASDAQ: EXTR) has a fiscal year end of June 30th. Fourth quarter GAAP revenue was $149.9 million and non-GAAP revenue was $150.6 million. GAAP net loss for the fourth fiscal quarter was $15.7 million, or $0.16 per share, and non-GAAP net income was $10.1 million, or $0.10 per share. For the full fiscal year 2015, Extreme Networks reported GAAP revenue of $552.9 million, compared to $519.6 million for fiscal 2014. Fiscal year 2015 non-GAAP revenue was $556.0 million compared to $524.8 million in fiscal 2014. GAAP net loss was $71.6 million, or $0.72 per share, for fiscal 2015, compared to GAAP net loss of $57.3 million, or $0.60 per share, for fiscal 2014. On a non-GAAP basis, net income for fiscal 2015 was $5.9 million, or $0.06 per diluted share, compared to $29.5 million, or $0.30 per diluted share for fiscal 2014.
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