SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosting Solutions. Wowrack provides a true Hybrid service – where business release all IT management and hardware provisioning – taking the data center and server system administrative headaches off our customer’s shoulders. ...| By PR Newswire | Article Rating: |
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| January 4, 2013 09:30 AM EST | Reads: |
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CHICAGO, Jan. 4, 2013 /PRNewswire/ -- Zacks Equity Research highlights Allstate (NYSE:ALL) as the Bull of the Day and Adobe Systems (Nasdaq:ADBE) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on American Financial Group Inc. (NYSE:AFG), Emc Insurance Group Inc. (Nasdaq:EMCI) and Global Indemnity Plc Ireland (Nasdaq:GBLI).
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
Allstate's (NYSE:ALL) third quarter earnings solidly beat the Zacks Consensus Estimate due to significant reduction in catastrophe losses and claims coupled with improved premiums, ROE and book value. An appreciated investment portfolio also boosted the operating cash flow and liquidity.
Agency expansions, ratings affirmation, dividend increment, product restructuring and acquisitions validate Allstate's long-term stability. Though the current volatile economy and catastrophe losses will continue to impact the results in the fourth quarter of 2012, continued synergies are expected from Allstate's industry-leading position, diversification and pricing discipline.
Our six-month target price of $48.00 per share equates to about 13.0x our earnings estimate for 2012. Combined with the $0.88 per share annual dividend, this target price implies an expected total return of 20.6% over that period, which is consistent with our Outperform recommendation.
Adobe Systems' (Nasdaq:ADBE) fourth quarter earnings exceeded the Zacks Consensus Estimate, but we feel the subscription service will hurt Adobe's revenue growth. Hence, we are downgrading our recommendation on Adobe shares from Neutral to Underperform.
Adobe lowered its fiscal 2013 guidance from $4.4 billion to $4.1 billion, considering the faster uptake the of Creative Cloud subscription model. We expect near-term revenue to remain under pressure.
The company's expected earnings growth rate over the next 5 years is well below the average for the industry. Hence the downgrade in recommendation. Our $34.00 target price, 26.0X 2014 EPS, reflects this view.
Latest Posts on the Zacks Analyst Blog:
American Financial: A Strong Buy
On January 2, Zacks Investment Research upgraded American Financial Group Inc. (NYSE:AFG) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
American Financial has been witnessing rising earnings estimates on the back of a strong solid third-quarter performance and an enhanced guidance for 2012. Moreover, this property & casualty insurer delivered positive earnings surprises in all the 4 quarters with an average beat of 18.7%. The long-term expected earnings growth rate for this stock is 8%.
American Financial reported third-quarter results on October 29. Non-GAAP earnings per share came in at 82 cents, surpassing the Zacks Consensus Estimate by 39%. However, it lagged the year-ago number by 8.9%.
The upside was largely due to higher income in the Annuity and Supplemental Insurance Group.
Based on its progress and to accommodate the expected loss from Hurricane Sandy, the company revised its earnings per share projection for 2012 to $3.10–$3.30 from $3.10–$3.50.
Additionally, American Financial declared a special dividend of 25 cents per share, besides an 11.4% hike in its regular quarterly dividend.
The Zacks Consensus Estimate for 2012 is $2.66 per share as 3 of the 7 estimates were revised upward over the last 60 days. The current estimate is below the guidance range provided by American Financial. For 2013, one estimate moved higher over the same time frame, lifting the Zacks Consensus Estimate by 1.1% to $3.71 per share.
Other Stocks to Consider
The following property & casualty insurers with a favorable Zacks Rank are also performing well and are worth considering.
1) Emc Insurance Group Inc. (Nasdaq:EMCI) carries a Zacks #1 Rank (Strong Buy)
2) Global Indemnity Plc Ireland (Nasdaq:GBLI) holds a Zacks #1 Rank (Strong Buy)
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
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 analyst 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 the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=7158.
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SOURCE Zacks Investment Research, Inc.
Published January 4, 2013 Reads 528
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SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosting Solutions. Wowrack provides a true Hybrid service – where business release all IT management and hardware provisioning – taking the data center and server system administrative headaches off our customer’s shoulders. ...May. 24, 2013 02:00 PM EDT Reads: 1,318 |
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As enterprises deploy private IaaS clouds into production they are reevaluating their future application delivery models. SUSE and WSO2 believe that private PaaS will leverage the automation and scalability of Private IaaS solutions, such as OpenStack-based SUSE Cloud, to deliver the secure, standardized development environments that will make migrating to an agile, serviceoriented delivery model possible.
In their session at the 12th International Cloud Expo, Chris Haddad, VP of Technology Ev...
“Open source has always provided a number of benefits, including easing adoption costs, propagating a better understanding of the technology, and allowing for faster evolution and commercialization of products and services based on it,” noted Terry Woloszyn, Founder & CEO, Leeward Security Ltd., in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Geelan. “This is clearly evident with the OpenStack and CloudStack,” Woloszyn continued, “and others that have been quickly commercialized as...
Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enormous sums on technology they are starting to realize that in order to maximize the return on investment and accelerate the business transformation process the first area of focus should be people. By ensuring the organiza...
In his session at the 12th International Cloud Expo, Dave Eichorn, Global Data Center Practice Head at Zensar, will share a case study describing how a utility services company handled the migration of its Microsoft platform to the cloud. Challenged with the time-consuming task of opening operations out of temporary offices, this company struggled with the need to simultaneously access data that was accumulated from a vast amount of data-intensive jobs. Zensar migrated the company’s application ...
You're getting pitched every day from your legacy enterprise software and hardware vendors about "cloud." They're doing an amazing job of convincing your CIO and CTO about what cloud is and how you should use it. The reality is they're defending their shrinking market share and keeping you on the legacy treadmill for as long as they can by selling you solutions that aren't "cloud."
In her session at the 12th International Cloud Expo, Niki Acosta, Cloud Evangelista for Rackspace, will talk thro...
SYS-CON Events announced today that OpenStack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. OpenStack software controls large pools of compute, storage, and networking resources throughout a datacenter, all managed by a dashboard that gives administrators control while empowering their users to provision resources through a web interface.
OpenStack powers some of the most widely-used SaaS app...
Many have heard of OAuth but are unsure of how it might apply to their business.
In his session at the 12th International Cloud Expo, Alistair Farquharson, CTO of SOA Software, will describe how OAuth can be used to facilitate certain business models and simplify the sharing of private data.
Alistair Farquharson is a visionary industry veteran focused on using disruptive technologies to drive business growth and improve efficiency and agility within organizations. As the CTO of SOA Software A...
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
nfina Technologies develops, manufactures, and markets highly reliable cloud server products, designed to solve the most demanding data center requirements in mission-critical cloud applications. Nfina’s staff has decades of experience in co...
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