Shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) slumped Thursday after the payment solutions and transaction processing services provider reported preliminary fourth-quarter results. Both revenue and earnings declined as the company completed what it called "a turbulent year." The stock was down about 16.6% at 11:15 a.m. EDT.
So whatNet 1 reported fourth-quarter revenue of $149.2 million, down 4% year over year in U.S. dollars and down 16% year over year in South African Rand. In its earnings release, the company explained some of the decline: "We achieved this result despite the deferral of significant revenue related to Q4 activities under our SASSA contract, until we receive pricing confirmation from the Constitutional Court."
Image source: Getty Images.
Top 5 Tech Stocks To Watch Right Now: Finisar Corporation(FNSR)
Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally. Its optical subsystems primarily consist of transmitters, receivers, transceivers, transponders, and active optical cables that provide the fundamental optical-electrical or optoelectronic interface for interconnecting the electronic equipment used in communication networks, including the switches, routers, and servers used in wireline networks, as well as the antennas and base stations used in wireless networks. The company also offers wavelength selective switches, which are used to switch network traffic from one optical fiber to multiple other fibers without converting to an electronic signal. In addition, it provides optical components comprising packaged lasers, receivers, and photodetectors for data communication and telecommunication applications; and passive optical components for telecommunication applications. Finisar Corporation markets its products through its direct sales force, as well as through a network of distributors and manufacturers' representatives to the original equipment manufacturers of storage systems, networking equipment, and telecommunication equipment, as well as to their contract manufacturers. Finisar Corporation was founded in 1987 and is headquartered in Sunnyvale, California.
Finisar Co. (NASDAQ:FNSR) has earned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the stock, MarketBeat.com reports. Twelve analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.23. Coming into Thursday's fiscal second-quarter report, II-VI investors fully believed that the laser maker would be able to sustain its track record of success. II-VI's numbers were even better than most had thought, and the company is keeping up its momentum as it prepares to close on its proposed acquisition of Finisar (NASDAQ:FNSR) in the near future. HP Inc. provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale systems, calculators and other related accessories, software, support, and services for the commercial and consumer markets. The Printing segment provides consumer and commercial printer hardware, supplies, media, scanning device, and software and services; and laserjet and enterprise, inkjet and printing, graphics, and software and web services. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California. When looking at the best international stocks, it's hard to not mention STMicroelectronics (STM, $42.33). STM is one of the largest chip manufacturers in Europe whose clients include Apple (AAPL), Tesla (TSLA), HP (HPQ), Samsung and Huawei. Two technology names that you have undoubtedly heard of are software behemoth Microsoft (NASDAQ:MSFT) and computer and printer specialist HP Inc. (NYSE:HPQ). Of the two, Microsoft is clearly the more successful company, commanding a market capitalization of $861 billion, dwarfing HP's $30 billion. Applied Materials, Inc. (Applied), incorporated on March 18, 1987, provides manufacturing equipment, services and software to the semiconductor, display, solar photovoltaic (PV) and related industries across the world. The Company operates in four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions. Its manufacturing activities consist of assembly, test and integration of various commercial parts, components and subassemblies that are used to manufacture systems. The Company caters to customers, including manufacturers of semiconductor chips, liquid crystal and other displays, solar PV cells, and other electronic devices. It has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including Germany, Israel, Italy, Singapore, Taiwan, the United States and other countries in Asia. Silicon Systems The Company's Silicon Systems segment develops, manufactures and sells a range of manufacturing equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs). The Silicon Systems segment includes semiconductor capital equipment for deposition, etch, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection, and wafer packaging. The majority of its new equipment sales are to integrated device manufacturers and foundries across the world. Its transistor and interconnect products and technologies have enabled various generations of device scaling from planar transistors to three-dimensional (3D) multi-gate FinFET transistors. It offers products and technologies for transistor and interconnect fabrication, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, chemical vapor deposition, physical vapor deposition, chemical mechanical planarization and electrochemical deposition. Many of these process steps are used multiple times throughout the semic! onductor chip fabrication process. Its Transistor and Interconnect Technologies' products include Centura RP Epi, VIISta Systems, Vantage Systems and Raider Platform. It offers patterning and packaging products and systems that enable the transfer of patterns onto device structures, making it possible to etch masks used for photolithography, and perform deposition, etching and related processes. Its Patterning and Packaging Technologies' include Olympia System, Producer Systems, and Centris and Producer Systems. It offers a suite of metrology, inspection and review systems for front- and back-end-of-line applications. These systems' imaging capabilities and algorithms employ optical and e-beam technologies to meet the technical demands, such as self-aligned double and quad patterning, extreme ultraviolet layers, measurement-intensive optimal proximity correction mask qualification, and 3D architectures. The Company delivers capabilities that enable chipmakers to establish statistical process control, ramp up production runs rapidly and achieve high production yields. Its Imaging and Process Control Technologies' products include SEMVision G6 Defect Analysis and Aera4 Mask Inspection. Applied Global Services The Company's Applied Global Services (AGS) segment provides integrated solutions to optimize equipment and fab performance and productivity, including spares, upgrades, services, remanufactured earlier generation equipment and factory automation software for semiconductor, display and solar products. Customer demand for products and services is fulfilled through a global distribution system with trained service engineers located in close proximity to customer sites in various countries to support approximately 33,000 installed Applied semiconductor, display and solar manufacturing systems across the world. It offers various services and products under the Applied Global Services segment, including certified services, fab consulting, parts programs, subfab equipment, legacy ! equipment! and automation software. Display The Company's Display segment consists of products for manufacturing liquid crystal displays (LCDs), organic light-emitting diodes (OLEDs), and other display technologies for televisions, personal computers (PCs), tablets, smart phones and other consumer-oriented devices. The Display segment offers various technologies and products, including array test, chemical vapor deposition (CVD) and physical vapor deposition (PVD). Its products include Electron Beam Array Tester, AKT PECVD Systems, AKT Aristo and PiVot Systems. Energy and Environmental Solutions The Company's Energy and Environmental Solutions segment includes products for fabricating crystalline-silicon (c-Si) solar PV cells, as well as high throughput roll-to-roll deposition equipment for flexible electronics, packaging and other applications. The technologies and products offered in the Energy and Environmental Solutions segment include Cell Manufacturing and Roll-to-Roll WEB Coating. It offers fine Line Double Print process, which enables solar manufacturers to produce cells with less paste. Its Roll-to-Roll coating systems provide production solutions for packaging, flexible electronics and security industries. WEB systems utilize physical vapor deposition, thermal evaporation, chemical vapor deposition and e-beam technology to deposit tiny layers of metal onto flexible substrates. Its products include Baccini Systems, TopBeam, TopMet and SmartWeb Systems. Applied Materials (NASDAQ:AMAT) had its price objective increased by Mizuho from $158.00 to $161.00 in a report issued on Friday, The Fly reports. The firm currently has a buy rating on the manufacturing equipment provider’s stock. Applied Materials (AMAT) - Get Report shares were steady Thursday, after the semiconductor equipment maker reported stronger-than-expected results for the fiscal 2021 third quarter, ended Aug. 1. Science Applications International Corporation (herein referred to as "SAIC," the "Company," "we," "us," or "our") is a leading provider of technical, engineering and enterprise information technology (IT) services primarily to the U.S. government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. We provide engineering, systems integration and information technology offerings for large, complex government projects and offer a broad range of services with a targeted emphasis on higher-end, differentiated technology services. Our end-to-end enterprise IT offerings span the entire spectrum of our customers' IT infrastructure. We commenced operations on September 27, 2013 (the Distribution Date) following completion of a spin-off transaction from our former parent, Leidos Holdings, Inc. (collectively with its consolidated subsidiaries, "former Parent"). Advisors' Opinion: Science Applications International Corp (NYSE:SAIC)Q4 2019 Earnings Conference CallMarch 28, 2019, 5:00 p.m. ET Operator Science Applications International (NYSE:SAIC) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports. On Monday, SAIC (NYSE:SAIC), which collected $4.4 billion in revenue last year providing engineering and IT services to various branches of the U.S. government, announced a "definitive agreement" to acquire fellow government IT contractor Engility (NYSE:EGL) and its $1.9 billion revenue stream for $1.6 billion, plus $900 million in assumed debt. (And let's give credit where it's due -- Reuters predicted this acquisition, and Vertical Research upgraded Engility because of it, two months ago). Dropbox, Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2020, the company had approximately 700 million registered users across 180 countries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California. Solana is widely considered to be a solid, up-and-coming project. Founded by former engineers from Qualcomm Inc. (NASDAQ: QCOM) and Dropbox Inc. (NASDAQ: DBX), it has quickly established itself among the platform cryptocurrencies. CRNC stock is up more than 8% YTD. The company’s forward price-earnings (P/E) and price-sales (P/S) ratios are 39.22 and 11.39, respectively. Given the potential for secular growth, interested investors should keep the shares on their radar screen with a view to buy for long-term portfolios.Top 5 Tech Stocks To Watch Right Now: HP Inc.(HPQ)
Top 5 Tech Stocks To Watch Right Now: Applied Materials, Inc.(AMAT)
Top 5 Tech Stocks To Watch Right Now: SCIENCE APPLICATIONS INTERNATIONAL CORPORATION(SAIC)
Top 5 Tech Stocks To Watch Right Now: Dropbox, Inc.(DBX)
Get a free copy of the Zacks research report on Dropbox (DBX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment