Geeknet reported strong 3Q13 revenue growth of 30% to $22.4 million vs. the 22% Street estimate, reflecting a significant quarter over quarter increase in new product launches and increased penetration in the wholesale channel. Adjusted EBITDA of a loss of $831,000 also exceeded our forecast, highlighting what we believe are sustainable margin improvements over the…
Manhattan Associates reported better than expected 3Q total revenue and EPS. License revenue was $1.7 million lighter than we expected, though the company made up the deficit on services. Investor sentiment was somewhat cautious heading into the print, resulting in the stock up marginally (1%- 3%) in after-hours trading. While MANH executed reasonably well, sluggish…
Tyco reported strong fiscal second-quarter results in the face of continued weakness in global commercial construction. The security and fire firm increased year-overyear organic revenue by 2% in the quarter, a slight acceleration from 1% growth in the prior quarter. Increased project selectivity in North America commercial security curbed revenue from growing further, but the…
SMCI reported F2Q non-GAAP EPS of $0.35 on $356M vs. Street $0.26 on $333M (and our $0.27 on $335M). Guide was $0.25-0.31 on $320-350M. In contrast to F1Q, Geo strength was led by Asia (23% or rev. vs. 18% q/q) with IDC a particularly strong vertical in that region. EMEA (24% vs. 23% q/q) and…
Google was expected to send out a strong Q4 earnings report which should have been a big positive for the GOOG stock. However, Google came out with an earnings report which has been a major talking point in the stock market. The Google (NASDAQ GOOG) stock also responded unfavourably after the report came out, with…
Following in the footsteps of comparable companies, Diodes reported in-line 3Q13 results but also provided below-consensus 4Q13 revenue guidance. Management’s 4Q13 revenue guidance of -5.5% quarter over quarter (midpoint) is an indication of weaker market conditions and not indicative of the company losing market share. We are sticking with our Buy rating as we believe…
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