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SMALL BUSINESS
Zacks Analyst Blog Highlights: Skyworks Solutions, Ericsson, Alcatel-Lucent, Nokia and Siemens
Business Wire
Zacks.com announces the list of stocks featured in the Analyst Blog.
Every day the Zacks Equity Research analysts discuss the latest news and
events impacting stocks and the financial markets. Stocks recently
featured in the blog include:
Skyworks Solutions (Nasdaq:
SWKS),
Ericsson (Nasdaq:
ERIC),
Alcatel-Lucent (NYSE:
ALU),
Nokia (NYSE:
NOK)
and
Siemens (NYSE:
SI).
Get the most recent insight from Zacks Equity Research with the free
Profit from the Pros newsletter:
http://at.zacks.com/?id=4579
Here are highlights from Monday’s Analyst Blog:
Skyworks Beats Estimates
Skyworks Solutions (Nasdaq:
SWKS)
earlier reported revenues of $228.1 million in the fourth quarter of
fiscal 2009, up 19% sequentially and surpassed management’s guidance
range of $220 million - $225 million.
Operating margin came in at 14.4% compared to 12.0% in the previous
quarter. Earnings per share came in at 24 cents, easily beating the
Zacks Consensus Estimate of 18 cents.
During the quarter, the company retired $17.4 million in 2010
convertible bonds, which led to a dilution of the equity base by two
million.
Going forward, although the management remains cautious about the
broader economy, it expects revenues to grow by 15% - 20% year over year
driven by mobile Internet, energy management and diversified analog
applications. Management indicated improved order visibility and
strength in backlog at the end of the quarter. This implies a revenue
guidance of $238 million - $242 million. Operating margin is forecasted
around 20%. Earnings per share are expected around 25 cents.
The company launched network infrastructure digital attenuators, voltage
controller oscillators, synthesizers and mixers at Huawei, ZTE,
Ericsson
(Nasdaq:
ERIC),
Alcatel-Lucent (NYSE:
ALU)
and
Nokia-Siemens (NYSE:
NOK)/(NYSE:
SI).
Skyworks is well positioned to benefit from recent trends in the handset
market, which are favorable to increasing dollar content for RF
components. In general, the increasing complexity of higher-end phones
that offer multi-band communication across various air standards are
expanding the market for Skyworks’ products due to the need for backward
compatibility from 3G to 2G networks. There is a significant growth
opportunity in the handsets market, propelled by the launch of 3G in
China.
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the Pros newsletter:
http://at.zacks.com/?id=5514.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for
the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen
insights to developments that affect company profits and stock
performance. Recommendations and target prices are six-month time
horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of
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About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was
formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he
could find patterns in stock market data that would lead to superior
investment results. Amongst his many accomplishments was the formation
of his proprietary stock picking system; the Zacks Rank, which continues
to outperform the market by nearly a 3 to 1 margin. The best way to
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Copyright Business Wire 2009
2009-11-24 17:00:00
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