NEW YORK, May 27, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding NetApp Inc. (NASDAQ: NTAP), EMC Corporation (NYSE: EMC), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Nimble Storage, Inc. (NYSE: NMBL) and Fusion-io, Inc. (NYSE: FIO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2976-100free.
NetApp Inc. Analyst Notes
On May 21, 2014, NetApp Inc. (NetApp) reported its Q4 FY 2014 and FY 2014 financial results (period ended April 25, 2014). Q4 FY 2014 net revenues fell 3.9% YoY to $1.6 billion, while FY 2014 net revenues slightly decreased 0.1% YoY, to $6.3 billion. Quarterly net income was $197.0 million, or $0.59 per diluted share, compared with $173.8 million, or $0.47 per diluted share in Q4 FY 2013. Meanwhile, FY 2014 net income registered $637.5 million, or $1.83 per diluted share, compared with $505.3 million, or $1.37 per diluted share in FY 2013. The Company stated that for Q1 FY 2015, it expects net revenues in the range of $1.42 billion to $1.52 billion and GAAP EPS in the range of $0.32 to $0.37. The full analyst notes on NetApp are available to download free of charge at:
EMC Corporation Analyst Notes
On May 14, 2014, EMC Corporation (EMC) inaugurated the permanent headquarters of its big data research & development center, the "Richard J. and Maureen E. Egan Research Center" in Brazil, part of the Company's 2011 $100 million investment in Brazil. The center will be the Company's innovation hub for oil and gas industry and will coordinate EMC's worldwide activities for discovering new technologies and solutions for the industry. The Company's initial research focus is on the challenges faced by oil and gas industry related to the acquisition, mobility, analysis, collaboration, and visualization of the geophysical, engineering, and business data used through the sector's life cycle. EMC stated that the center is currently working on various projects aimed at generating innovation. The full analyst notes on EMC are available to download free of charge at:
Brocade Communications Systems, Inc. Analyst Notes
On May 22, 2014, Brocade Communications Systems, Inc. (Brocade) reported its Q2 FY 2014 financial results (period ended May 3, 2014). Revenue slightly fell 0.3% YoY to $536.9 million. Net loss came in at $13.7 million, or $0.03 per diluted share, compared with net income of $46.9 million, or $0.10 per diluted share in Q2 FY 2013. According to the Company, the GAAP loss was due to the $83 million non-cash goodwill impairment charge associated with strategic repositioning of the ADX product family. Lloyd Carney, Brocade CEO, said, "This was a solid quarter for Brocade in which our Storage Area Networking (SAN) revenue grew year-over-year and our refocused IP Networking business made good progress in the quarter. We are also pleased to report that our Board has approved the initiation of a quarterly cash dividend of $0.035 per share to be paid in Q3 2014." The full analyst notes on Brocade are available to download free of charge at:
Nimble Storage, Inc. Analyst Notes
On May 19, 2014, Nimble Storage, Inc. (Nimble Storage) announced that over 200 enterprise customers implemented SmartStack converged infrastructure solutions to accelerate deployment and reduce risks associated with their datacenter infrastructure. The Company informed that it has rolled out a series of SmartStack reference architectures since 2012 that allow enterprises to deploy integrated solution stack for server virtualization, desktop virtualization (VDI), and business critical applications. The Company stated that its SmartStack solutions, built on Cisco UCS and pre-validated through ecosystem partners including Citrix, Microsoft, Oracle, and VMware, deliver aggressive performance, shorten deployment times, and reduce project risk. In addition, Nimble's alliance partnership with Cisco enables SmartStack customers to leverage pre-tested solutions for virtual desktops and servers that reduce operational expenditures and enhance worker productivity, allowing enterprises to scale the number of end users based on their growing needs. The full analyst notes on Nimble Storage are available to download free of charge at:
Fusion-io, Inc. Analyst Notes
On May 15, 2014, Fusion-io, Inc. (Fusion-io) announced the appointment of Daniel E. Stevenson to General Counsel and Secretary for the Company. Formerly Vice President and Associate General Counsel, Stevenson helped structure, negotiate, and manage Fushion-io's key customer relationships with Fortune 500 customers, strategic suppliers and OEMs, and was instrumental in the Company's $270 million IPO on the NYSE in June 2011. Stevenson would be responsible for the Company's legal aspects worldwide, and will report to Shane Robison, Chairman and CEO. Commenting on the appointment, Shane Robison, said, "We look forward to having Dan serve in this new role where he can further strengthen these partnerships as Fusion-io continues to expand and shape the flash memory landscape." The full analyst notes on Fusion-io are available to download free of charge at:
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