MVP Contest News Alert: NOK
The Zacks Analyst Blog Highlights: Office Depot, Brightpoint, MetroPCS Communications, Research In Motion and Nokia (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO ) Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Wednesday's Analyst Blog: Office Depot Downgraded to Underperform Following a dismal first-quarter 2012 top-line performance, we recently downgraded our long-term recommendation on Office Depot Inc. (NYSE:ODP) to Underperform with a price target of $2.00. Earlier, Office Depot had been enjoying a Neutral rating. Office Depot's total revenue of $2,872.8 million fell short of the Zacks Consensus Estimate of $2,884 million, and decreased approximately 3% on a year-over-year basis. Management had earlier predicted sales to decline between 3% and 4%. However, the quarterly earnings came in at 5 cents a share, in line with the Zacks Consensus Estimate, and marked a sharp increase from a break even in the year-ago quarter. We believe that the change in the demand for office supplies products and services remains one of the indicators that describe the health of the economy. The economy is still not out of the woods, and amidst such a scenario Office Depot has to walk the tight rope to juggle with unprecedented situation that may hurt its growth prospects. The underperformance can be traced back to North American Retail and International divisions, where sales were down 8% and 2%, respectively. However, North American Business Solutions division acted as a savior to some extent, with sales rising 3%. We remain cautious about the macroeconomic environment and sluggish job market. The recovery in the economy is murky. As a result, consumers and small businesses still remain watchful about their spending for big-ticket items such as business machines and other durable products. We observe that the demand for office products is closely tied to the health of the economy. Management now expects total sales for the second quarter of 2012 to decline 3% from the year-ago quarter, and further hinted that adjusted operating income is expected to decline $20 million to $30 million. Further, Office Depot forecasted that North American Retail division's comparable-store sales would decline in the second quarter, and hinted that International division's sales would fall 4% to 5% in constant currency. Moreover, due to high exposure to international markets, Office Depot remains prone to currency fluctuations. The weakening of foreign currencies against the U.S. dollar may require the company to either raise prices or contract profit margins in locations outside the U.S. An increase in price may have an adverse impact on the demand for the products. Brightpoint Renews MetroPCS Deal Brightpoint North America L.P, an operating arm of a leading distributor of wireless devices, Brightpoint Inc. (Nasdaq:CELL), recently announced the renewal of its contract with MetroPCS Communications, Inc. (NYSE As per the deal, Brightpoint will provide logistic assistance to MetroPCS-owned store, agents and its retail partners all across the U.S. Brightpoint is expected to provide services like receiving of orders from customers and proper delivery of the ordered goods. Additionally, the company will also offer storage as well as customer credit facilities to MetroPCS Wireless customers. Brightpoint already has a solid supply-chain agreement with large mobile handset developers such as Research In Motion Ltd. (Nasdaq:RIMM), Nokia Corp. (NYSE:NOK), and HTC Corp., Such relationships will further strengthen its network and deliver improved services to its clients. Recently, Brightpoint is witnessing various challenges as the company reduced its financial forecast for fiscal 2012. This is the second time that the company has lowered its 2012 financial guidance, which was provided at the end of 2011. We believe that loss of a major client in the company's high-margin Logistics segment in the U.S is one of the prime reasons for such defensive guidance. Moreover,global economic volatility and weaker margins on product sales coupled with the recent trend of consolidation among telecom carriers may act as negative catalysts for the company in the long term. We, thus, maintain our long-term Underperform recommendation on Brightpoint Inc. Currently, Brightpoint Inc. has a Zacks #5 Rank, implying a short-term Strong Sell rating on the stock. Brightpoint Inc. is a leader in global distribution of wireless devices and the provision of customized logistic services to wireless equipment manufacturers and carriers. Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515 . 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=5517 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT 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=5518 . Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Follow us on Twitter: http://twitter.com/zacksresearch Join us on Facebook: http://www.facebook.com/home.php #/pages/Zacks-Investment-Research/57553657748?ref=ts 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. Media ContactZacks Investment Research800-767-3771 ext. 9339support@zacks.com http://www.zacks.com SOURCE Zacks Investment Research, Inc. As of Sunday, 06-03-2012 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated a DOWNTREND on 04-11-2012 for NOK @ $4.31. As of Sunday, 06-03-2012 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 04-10-2012 for ODP @ $3.10. As of Sunday, 06-03-2012 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated a DOWNTREND on 03-30-2012 for PCS @ $9.15. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2012 Comtex News Network, Inc. All rights reserved. -0- Sunnyvale, CA - Nokia announced today that Woodcraft Rangers, a Los Angeles- based non-profit providing education and enrichment to more than 16,500 youth from in-need neighborhoods through after school programs, has chosen the Lumia 900 to support its field operations and to increase operational efficiencies while providing a user experience that meets the needs of a wide age group of site coordinators. For over 90 years, Woodcraft Rangers has been providing participatory programs for students in kindergarten through high school operating primarily through, government grants, donations and bequests. Operational efficiency, ease of use and integration with existing IT infrastructure is of paramount importance. "We were looking to repurpose BlackBerry servers so right there we are saving money," said David Lara, IT Administrator, Woodcraft Rangers. "Additionally, our site coordinators like the big, bright Live Tiles, the Lumia's large screen and we like the seamless integration to our Office Suite," he added. Over 90 employees at the non-profit have received the Lumia 900 in Cyan, adding that black is too hard to find in a purse or between the car seats. "We looked at a lot of options," Lara noted. "The sturdy construction of the Lumia 900 stood out to us. Other options seemed too delicate and focused on entertainment. Nokia's option gave us the functionality of the most popular smartphone in a format that lets us focus on our work." Site coordinators use their mobiles to share and review documents while in the field. Additionally, employees can quickly and accurately use their time card application on their mobile which ensures payroll accuracy. By pinning the mobile app URL to their home screen as a Live Tile, access to the time card app is one touch away. With a history of communications since 1922, the organization is exploring mobile field use and sees the Lumia 900 as a tool they can leverage across new areas utilizing its social media and imaging capabilities. Nokia provides the business market with a portfolio of compelling, high- quality devices at every price point that meets the needs of people both as consumers and business users. With business productivity tools and applications to ensure employees have access to the information they need within the framework of a well-governed IT environment and an ecosystem of partners and providers, Nokia ensures the long-term viability of IT investments. About Nokia Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: NOKIA via Thomson Reuters ONE [HUG#1617922] As of Sunday, 06-03-2012 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated a DOWNTREND on 04-11-2012 for NOK @ $4.31. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2012 Comtex News Network, Inc. All rights reserved. -0-
CHICAGO, June 7, 2012 /PRNewswire via COMTEX/ -- 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 Office Depot Inc. (NYSE:ODP), Brightpoint Inc. (Nasdaq:CELL), MetroPCS Communications, Inc. (NYSE
CS), Research In Motion Ltd. (Nasdaq:RIMM) and Nokia Corp. (NYSE:NOK)
CS) owned MetroPCS Wireless, Inc. www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
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KEYWORD: Illinois
INDUSTRY KEYWORD: FIN
SUBJECT CODE: INO
Woodcraft Rangers chooses Nokia Lumia 900 for managing youth programs in Los Angeles
ESPOO, FINLAND, Jun 07, 2012 (MARKETWIRE via COMTEX) -- Non-Profit Cites Efficiency, Live Tiles and the Lumia's Sturdy Construction as Key Benefits
Media Enquiries:
Nokia
Communications
Tel. +358 7180 34900
Email: Email Contact
www.nokia.com
SOURCE: NOKIA
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id...1B0F77E3B8
http://www.nokia.com
Copyright 2012 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Computers and Software:Hardware
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