NEW YORK, May 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Synchronoss Technologies, Inc. (NASDAQ: SNCR), RingCentral, Inc. (NYSE: RNG), Insight Enterprises Inc. (NASDAQ: NSIT), Vocus Inc. (NASDAQ: VOCS) and Manhattan Associates, Inc. (NASDAQ: MANH). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2201-100free.
Synchronoss Technologies, Inc. Analyst Notes
On April 30, 2014, Synchronoss Technologies, Inc. (Synchronoss) reported its Q1 2014 financial results. Non-GAAP total revenue was $98.7 million, up 24.2% YoY, with Cloud Services revenue increased 83% YoY to $43.7 million while Activation Services revenue was flat at $55.0 million. GAAP net revenues stood at $98.5 million, indicating a 25.8% YoY increase. Net income stood at $7.6 million or $0.19 per diluted share, versus $0.5 million or $0.01 per diluted share in Q1 2013. Non-GAAP income from operations was $24.2 million, up 51.7% YoY. "The first quarter was a strong start to 2014 and we are pleased with the rapid adoption and customer scaling of our Synchronoss Personal Cloud™ platform," commented Karen L. Rosenberger, CFO and Treasurer. "We are seeing positive trends in a number of areas in our business and believe we are well positioned to generate strong levels of revenue growth and profitability going forward." The full analyst notes on Synchronoss are available to download free of charge at:
http://www.analystsreview.com/2201-SNCR-08May2014.pdf
RingCentral, Inc. Analyst Notes
On April 29, 2014, RingCentral, Inc. (RingCentral) reported its Q1 2014 financial results. Revenue went up 35.9% YoY to $48.3 million, with services revenues of $43.9 million, up 35.9% YoY, and product revenues of $4.4 million, up 35.7% YoY. The Company posted a net loss of $12.9 million or $0.20 per diluted share, versus $10.3 million or $0.45 per diluted share in Q1 2013. RingCentral's total cash and cash equivalents at the end of Q1 2014 were $166.8 million, increasing from $116.4 million at the end of Q1 2013, indicating an estimated $57.2 million of net proceeds from the Company's secondary offering, which was completed in March 2014. Vlad Shmunis, RingCentral's Chairman and CEO said, "RingCentral's mobile-first approach and leading technology platform continues to disrupt the business communications market. RingCentral OfficeTM in particular is driving our success and our growing traction with larger customers." The full analyst notes on RingCentral are available to download free of charge at:
http://www.analystsreview.com/2201-RNG-08May2014.pdf
Insight Enterprises Inc. Analyst Notes
On May 1, 2014, Insight Enterprises Inc. (Insight) announced its Q1 2014 financial results. Net sales increased 2.8% YoY to $1.2 billion. Gross profit went up 3.5% YoY to $163.7 million, with gross margin increasing to 13.5% of net sales. Earnings from operations increased 45.5% YoY to $21.0 million. Net earnings came in at $11.6 million or diluted EPS of $0.28, versus net earnings of $9.1 million or diluted EPS of $0.20 in Q1 2013. Insight produced $66.0 million of cash from operations, versus $16.3 million in Q1 2013. During the quarter Insight also repurchased an estimated 1.2 million shares of its common stock for $26.7 million. Ken Lamneck, President and CEO said, "We are pleased with our first quarter results and the sales and operational discipline we are seeing in our business and expect that will serve us well as we head through the balance of the year." The full analyst notes on Insight are available to download free of charge at:
http://www.analystsreview.com/2201-NSIT-08May2014.pdf
Vocus Inc. Analyst Notes
On May 5, 2014, Vocus Inc. (Vocus) declared its sponsorship of the Miracle 4 Melanie, Inc. luncheon following the Second Annual Melanie D. Strudler Memorial Golf Tournament. The Company informed that Vocus Director of Business Development Erica Strudler established the charity in remembrance of her mother's lifelong advocacy for the men and women of the United States Armed Forces. "After my mother passed away from pancreatic cancer, I wanted to continue her legacy," said Strudler. "Initially, I focused on pancreatic cancer research funding, but felt that was too focused on a small portion of her life and didn't represent who my mother was. Her two passions were family and the men and women serving in our military. I founded Miracle 4 Melanie, Inc. to pick up where my mom's work left off and to ensure her memory lived on." The full analyst notes on Vocus are available to download free of charge at:
http://www.analystsreview.com/2201-VOCS-08May2014.pdf
Manhattan Associates, Inc. Analyst Notes
On May 5, 2014, Manhattan Associates, Inc.'s (Manhattan Associates) increased 0.10%, ending the day at $31.34. Over the last one month, shares in Manhattan Associates declined 7.90%, compared to the Nasdaq Composite which increased 0.25% during the same trading period. The full analyst notes on Manhattan Associates are available to download free of charge at:
http://www.analystsreview.com/2201-MANH-08May2014.pdf
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.
EDITOR'S NOTES:
1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts Review
