Zacks Analyst Blog Highlights: Alcatel-Lucent, Verisign Inc., Toyota Motor Corporation, SINA Corporation and Focus Media Holdings Limited.
CHICAGO--(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: Alcatel-Lucent (NYSE: ALU), Verisign Inc. (NASDAQ: VRSN), Toyota Motor Corporation (NYSE: TM), SINA Corporation (NASDAQ: SINA) and Focus Media Holdings Limited (NASDAQ: FMCN). 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 Friday`s Analyst Blog: Lowering Estimates for ALU Alcatel-Lucent (NYSE: ALU) reported weaker than expected revenues for the third quarter of 2008 and its earnings were additionally hit by restructuring charges of 94 million and lower gross margins. We have reduced our revenue and earnings estimates for the remainder of 2008 and 2009 based on company guidance. For full year 2009, Alcatel-Lucent expects the market for telecommunications equipment and related deployment services to be down between 8% and 12% at constant exchange rate and expects to maintain a stable market share. As a result of the expected decline in volumes and given that the improvement in gross margin will only materialize towards the end of the year, the company`s initial forecast is to achieve an adjusted operating profit around break-even in 2009. Keeping VRSN A Hold We maintain our hold recommendation on the shares of Verisign Inc. (NASDAQ: VRSN). The company provides essential Internet infrastructure services to companies, service providers and website owners. VRSN earlier posted Q3 revenues of $240 million, in line with our estimate of $240 million (consensus at $239 million). Non-GAAP EPS of $0.25 included a $0.03 investment loss due to the Lehman bankruptcy. Excluding this loss, EPS would have been $0.28, better than our estimate of $0.27 and consensus of $0.26. Going forward, Management provided Q4 revenue guidance of $242 $247 million, slightly below our and consensus estimates. Management remains confident of exiting 2008 with an operating margin of 35%. TM Recently Lowered Guidance Toyota Motor Corporation (NYSE: TM) is the largest automaker in the world in terms of sales and production. A strong presence in North America has been further consolidated by gaining market share from the leading U.S. automakers. Moreover, the company also has a strong cash flow and a strong balance sheet. However, Toyota is unable to offset sales losses in the U.S. even as it continues an aggressive expansion in China, the Middle East, and other emerging markets. The company is suffering from sluggish U.S. economy, rising costs, pricing pressures, and huge capital expenditures. SINA - FMCN Merger A Positive SINA Corporation (NASDAQ: SINA) has agreed to acquire Focus Media Holdings Limited (NASDAQ: FMCN) in a stock exchange that has met with almost universal disapproval in the press and by analysts. SINA is an internet web portal whereas FMCN is an offline advertising company. Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=2649. 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 the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=2677 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 unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. Zacks.com Mark Vickery Web Content Editor 312-265-9380 Visit: www.zacks.com Copyright Business Wire 2008
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