Valeant Pharmaceuticals International Inc. (NYSE: VRX) released its most recent quarterly report before the markets opened on Tuesday. At the same time, the firm announced that it would also be changing its name sometime in the very near future.
In July 2018, Valeant will become Bausch Health Companies and it will trade under a new ticker BHC on the New York Stock Exchange. The firm will maintain its present symbol for trading on the Toronto Stock Exchange.
As for the earnings, the firm said that it had $0.89 in earnings per share (EPS) on $2.0 billion in revenue. That compares with consensus estimates from Thomson Reuters of $0.60 in EPS on revenue of $1.95 billion. In the first quarter of last year, Valeant said it had EPS of $0.78 and $2.11 billion in revenue.
Valeant listed some quarterly highlights:
Reported revenue in the Bausch + Lomb/International segment decreased by 3% compared to the first quarter of 2017 primarily due to divestitures and discontinuations; revenue in this segment grew organically by 2% compared to the first quarter of 2017 Reported revenue in the Branded Rx segment decreased by 6% compared to the first quarter of 2017 primarily due to divestitures and discontinuations, and declines in the Ortho Dermatologics business; revenue in this segment grew organically by 8% compared to the first quarter of 2017
In terms of the outlook for the 2018 full year, the company expects to see revenues between $8.15 billion and $8.35 billion, with EBITDA in the range of $3.15 billion to $3.30 billion. The consensus estimates call for $3.13 in EPS on $8.23 billion in revenue for the year.
Hot Tech Stocks To Watch For 2021: Dover Corporation(DOV)
Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States and internationally. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets. The Engineered Systems segment offers precision marking and coding, digital textile, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets. The Fluids segment focuses on the safe handling of critical fluids across the retail fueling, chemical, hygienic, and industrial markets. It also manufactures connectors for use in various bio-processing applications; and displacement and centrifugal pumps for demanding and specialized fluid transfer process applications. The Refrigeration & Food Equipment segment provides refrigeration systems, refrigeration display cases, specialty glass, commercial glass refrigerator and freezer doors, and brazed heat exchangers; and electrical distribution products and engineering services, commercial food service equipment, cook-chill production systems, custom food storage and preparation products, kitchen ventilation systems, conveyer systems, beverage can-making machinery, and packaging machines used for meat, poultry, and other food products. The company was founded in 1947 and is headquartered in Downers Grove, Illinois.
- [By ]
Dover Corp. (NYSE: DOV) spans multiple industries for equipment and components, pumps, conveyors and other items used by manufacturers and goods-producing companies. Its dividend hike in August 2018 marked the 63rd consecutive year of dividend hikes since its founding in 1947.
- [By Shane Hupp]
Prudential Financial Inc. lowered its holdings in Dover Corp (NYSE:DOV) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 181,580 shares of the industrial products company’s stock after selling 3,896 shares during the quarter. Prudential Financial Inc.’s holdings in Dover were worth $12,883,000 as of its most recent filing with the Securities & Exchange Commission.
Hot Tech Stocks To Watch For 2021: MER Telemanagement Solutions Ltd.(MTSL)
Mer Telemanagement Solutions Ltd., together with its subsidiaries, designs, develops, markets, and supports a line of telecommunication expense management (TEM), and customer care and billing solutions for business organizations and other enterprises worldwide. Its TEM solutions assist enterprises and organizations in the allocation of costs, budget control, fraud detection, processing of payments, and spending forecasting. The company also offers converged billing solutions, including applications for charging and invoicing customers, interconnect billing, and partner revenue management through pre-pay and post-pay schemes for wireless providers, voice over Internet protocol, Internet protocol television, and content service providers. Its products provide telecommunication and information technology managers with tools to reduce communication costs, recover charges payable by third parties, and to detect and prevent abuse and misuse of telephone networks comprising fault telecommunication usage. The company markets its products through its direct sales force, distributors, and business telephone switching systems manufacturers and vendors. Mer Telemanagement Solutions Ltd. was founded in 1995 and is headquartered in Raanana, Israel.
- [By Alexander Bird]
Here are the top performers from last week…
Penny Stock Current Share Price Last Week’s Gain
Staffing 360 Solutions Inc. (Nasdaq: STAF) $2.58 96.35%
IZEA Inc. (Nasdaq: IZEA) $1.65 85.19%
ShiftPixy Inc. (Nasdaq: PIXY) $3.35 78.38%
MER Telemanagement Solutions Ltd. (Nasdaq: MTSL) $3.31 41.07%
IsoRay Inc. (NYSE: ISR) $0.60 38.64%
TransGlobe Energy Corp. (Nasdaq: TGA) $3.74 37.76%
Actinium Pharmaceuticals Inc. (OTCMKTS: ATNM) $0.27 26.31%
Blonder Tongue Labs Inc. (NYSE: BDR) $1.56 24.58%
Bridgeline Digital Inc. (Nasdaq: BLIN) $1.51 24.51%
Cel-Sci Corp. (NYSE: CVM) $0.91 24.03%
While these penny stocks generated strong returns last week, they’re unlikely to produce the same level of profit again anytime soon.
- [By Stephan Byrd]
News stories about MER Telemanagement Solutions (NASDAQ:MTSL) have trended somewhat positive on Sunday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MER Telemanagement Solutions earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.5243579518781 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Hot Tech Stocks To Watch For 2021: Pegasystems Inc.(PEGA)
Pegasystems Inc. develops, markets, licenses, and supports software to automate complex and changing business processes in the United States and internationally. It provides Pega 7, a unified platform that enables clients to build enterprise applications; and software applications for marketing, sales and on boarding, customer service and support, and operations, as well as industry-specific business processes. The company also offers customer relationship management applications, including Pega Marketing to manage customer relationships across inbound and outbound channels; Pega Customer Service to deliver consistent interactions across channels, improve employee productivity, and adapt changing business requirements; Pega Sales Automation to capture practices and guides sales teams through the sales and customer on boarding processes; and operations applications to support exceptions and investigations, order fulfillment, claims processing, insurance underwriting, and product development, as well as risk, fraud, and compliance management. In addition, it provides Pega Cloud to create and deploy its software applications using an Internet-based infrastructure; consulting and implementation support, technical support, and hosting services; and instructor-led and online training courses for process architects, system architects, and system administrators under the PegaACADEMY name. The company primarily markets its software and services to financial services, healthcare, insurance, communications and media, public sector, manufacturing, life sciences, and other markets through a direct sales force, as well as through a network of business and technology alliances. Pegasystems Inc. was founded in 1983 and is headquartered in Cambridge, Massachusetts.
- [By Ethan Ryder]
First Trust Advisors LP grew its position in shares of Pegasystems Inc. (NASDAQ:PEGA) by 1,661.6% in the 4th quarter, Holdings Channel reports. The fund owned 147,781 shares of the technology company’s stock after buying an additional 139,392 shares during the quarter. First Trust Advisors LP’s holdings in Pegasystems were worth $7,068,000 at the end of the most recent quarter.
- [By Demitrios Kalogeropoulos]
Pegasystems (NASDAQ:PEGA) stock outpaced the market last month, when it gained 17% compared to a 3% rise in the S&P 500, according to data provided by S&P Global Market Intelligence.
- [By Demitrios Kalogeropoulos]
Pegasystems (NASDAQ:PEGA) just closed out a fiscal year that was warped by a dramatic shift in its business model. The stampede by the software specialist’s clients toward cloud-based and subscription services pressured reported sales and profits. But it also put the company in a good position to generate predictable, growing cash flow in the years to come.
Hot Tech Stocks To Watch For 2021: TeleNav Inc.(TNAV)
TeleNav, Inc. provides personalized navigation and location based services (LBS) in the United States and internationally. It offers GPS Navigator, a voice guided, real time, turn by turn mobile navigation service on a white label basis, such as Sprint Navigation and AT&T Navigator, as well as under the TeleNav brand. The company also provides mobile resource management solutions that allow enterprises to monitor and manage mobile workforces and assets by using its LBS platform to track job status and the location of workers, field assets, and equipment. Its enterprise solutions include TeleNav Track service, as well as TeleNav Vehicle Manager, TeleNav Vehicle Tracker, and TeleNav Asset Tracker. In addition, the company offers mobile navigation services through on-board and connected systems. Further, it focuses on developing LBS to new device platforms, such as tablet devices, as well as new LBS for mobile phones, including location based mobile advertising, commerce, and social networking. The company distributes its services to consumers, wireless carriers, enterprises and automobile manufacturers, and original equipment manufacturers through its wireless carrier partners, as well as through its Web site and mobile phone application stores. TeleNav, Inc. is headquartered in Sunnyvale, California.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Telenav (TNAV)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
Get Telenav alerts:
Telenav, Inc. (TNAV) CEO HP Jin on Q4 2018 Results – Earnings Call Transcript (seekingalpha.com) Telenav EPS in-line, beats on revenue (seekingalpha.com) Telenav: Fiscal 4Q Earnings Snapshot (finance.yahoo.com) Telenav (TNAV) Reports Q4 Loss, Tops Revenue Estimates (finance.yahoo.com) Telenav (TNAV) Posts Earnings Results, Meets Estimates (americanbankingnews.com)
TNAV has been the topic of a number of analyst reports. ValuEngine raised shares of Telenav from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. B. Riley reaffirmed a “buy” rating on shares of Telenav in a research report on Monday, July 23rd. Finally, BidaskClub raised shares of Telenav from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.25.
Hot Tech Stocks To Watch For 2021: Fitbit, Inc.(FIT)
Fitbit, Inc. provides wearable health and fitness tracking devices. It offers various products, including Fitbit Zip, an entry-level wireless tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; Fitbit Flex, a wristband-style tracker that tracks steps, distance, calories burned, active minutes, and sleep; and Fitbit Charge, an activity and sleep wristband, which tracks steps, distance, calories burned, active minutes, floors climbed, and sleep. The company also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the users phone and SmartTrack automatic exercise recognition; and Fitbit Charge HR, a wireless heart rate and activity wristband. In addition, it offers Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and provides run cues; Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch; Aria, a Wi-Fi connected scale that tracks weight, body fat percentage, and body mass index; and Fitbit accessories that include bands and frames for Fitbit Blaze, bands for Fitbit Alta, colored bands for Fitbit Flex, colored clips for Fitbit One and Fitbit Zip, device charging cables, wireless sync dongles, band clasps, sleep bands, and Fitbit apparel. The company offers its products through consumer electronics and specialty retailers, e-Commerce retailers, sporting goods and outdoors retailers, and wireless carriers; and corporate wellness channels, as well as directly worldwide. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.
- [By Evan Niu, CFA]
Google has so far struggled in making a name for itself in wearables and smartwatches, as Wear OS (initially named Android Wear) failed to gain any meaningful traction and many prominent hardware partners ditched the platform. Apple and Fitbit (NYSE:FIT) currently lead the way in smartwatches, but Google hopes to take another swing with its forthcoming Pixel Watch. As part of those efforts, Google recently bought smartwatch tech and acqui-hired employees from Fossil for $40 million.
- [By Daniel Sparks]
Three stories in tech stood out this week.
Fitbit (NYSE:FIT) showed off new devices with an emphasis on affordability. Facebook (NASDAQ:FB) CEO Mark Zuckerberg shared the company’s plans to beef up messaging and stories on its platforms. Eventbrite’s (NYSE:EB) stock took a big hit after its quarterly results came out.
Here’s a closer look.
- [By Stephan Byrd]
Press coverage about Fitbit (NYSE:FIT) has trended somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fitbit earned a coverage optimism score of 2.00 on their scale. InfoTrie also gave news coverage about the scientific and technical instruments company an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
- [By Evan Niu, CFA]
After a couple challenging years, Fitbit (NYSE:FIT) has started to mount a turnaround. The company has already returned to profitability. In no uncertain terms, the Versa is driving that progress, positioned as a mainstream smartwatch that can appeal to average consumers. Versa’s predecessor, the Iconic, in contrast, was a flop because it was priced too high and targeted a smaller niche of performance users.
Hot Tech Stocks To Watch For 2021: AirMedia Group Inc(AMCN)
AirMedia Group Inc., incorporated on April 12, 2007, is an operator of out-of-home advertising platforms in China. The Company is engaged in selling advertising time slots on its network, primarily air travel advertising network, across the People’s Republic of China. The Company holds concession rights to install and operate wireless fidelity (Wi-Fi) systems on trains administered by over eight regional railway administrative bureaus in China. It also holds concession rights to install and operate Wi-Fi systems on various long-haul buses in China. The Company operates approximately 71,900 digital television screens on airplanes operated by over five airlines, including Air China, China Eastern Airlines, China Southern Airlines, Shanghai Airlines and Xiamen Airlines. It also holds concession rights to operate the advertising media platforms at Sinopec gas stations across China. It provides in-flight advertising and non-advertising contents.
The Company combines advertising content with non-advertising content, such as weather, sports and comedy clips, in its digital television screen programs. It has contracts with various Chinese television stations, such as Dragon TV, the Travel Channel and CCTV-5, to show video clips of their programs in airports and on airplanes. It also obtains television programs, such as documentaries and hidden camera type reality shows from other third-party content providers.
The Company offers advertising services from the platforms, digital television screens on airplanes and gas station media displays. The programs are placed on digital television screens on planes operated by over five airlines in China. The displays on its network airplanes, which have been installed by aircraft manufacturers, are located at the top of passenger compartments and on the back of passenger seats. The digital television screens at the top of passenger compartments typically range from 9 to 15 inches in size, while the display screens on the back of passenger seats ! typically range from 7 to 9 inches in size. There are approximately 10 to 280 on an airplane. The television system installed on each plane differs from one another according to the requirements of each specific airline.
The Company’s airplane display programs are played once for approximately 45 minutes to an hour per flight. Approximately 4.5 to 15 minutes of each program consists of advertising content provided to the Company by its advertisers and the rest of the program consists of non-advertising content. The non-advertising content on these planes includes travel shows, documentaries, sports and other content similar to that shown on its airport programs. The Company also promotes brand names of its advertisers through its programs by naming its programs after their brand names or displaying their logos on the corner of the screens during the programs. The Gas Station Media Network consists of outdoor advertising platforms placed in Sinopec gas stations. These outdoor advertising platforms consist of light-emitting diode (LED) screens, as well as traditional advertising formats, such as light boxes and billboards, and display advertising content in week-long slots.
- [By Paul Ausick]
AirMedia Group Inc. (NASDAQ: AMCN) posted a 52-week low of $1.04 after closing down 23% on Wednesday at $1.35. The 52-week high is $3.30. Volume was about 4 million, nearly 20 times the daily average of around 230,000 million shares. The Chinese outdoor advertising company said yesterday that it is terminating a potential go-private transaction.