Integrated Device Technology, Bridgepoint Education, Liberty Global, Comcast and News Corp. highlighted as Zacks Bull and Bear of the Day.
CHICAGO, June 11, 2013 /PRNewswire/ — Zacks Equity Research
Integrated Device Technology
(Nasdaq: IDTI-Free Report)as the
Bull of the Day and Bridgepoint Education (
: BPI-Free Report) as the
Bear of the Day. In addition, Zacks Equity Research provides analysis on
the Liberty Global Inc.(Nasdaq: LBTYA-Free Report), Comcast
Corp.(Nasdaq: CMCSA-Free Report) and News Corp.(Nasdaq: NWSA-Free
Here is a synopsis of all five stocks:
Bull of the Day :
Integrated Device Technology (Nasdaq: IDTI-Free Report) Has put
together a number of positive earnings surprises and that stock has
risen to a Zacks Rank #1 (Strong Buy). It is the Bull of the Day.
The company is selling off some old business lines, including the
recent sale of
for $100M in cash. That deal follows a
March transaction with Atmel for
business. Some would say
the shrinking down and getting to a laser focus on the core is simply
the company cleaning itself up for an acquisition. I could not agree
more, but I also like the business lines, wireless power and the big
move in estimates.
Integrated Device Technology is a timing chip company that allows
the processor and switches. Rapid IO switches are key to their
communications product set and sees China Mobile as being a huge
customer in the coming year. RF or radio frequency is also another area
of expertise as is the wireless power segment. So they have a lot of
things going on in some interesting areas that are going to be seeing
growth for some time.
Looking to the earnings history, I see a stock that has beaten the
number 5 of the last 6 reports, with the exception being a time when the
company met estimates. The most recent quarter was a loss of $0.02, but
that was two cents better than the loss of four cents that analysts were
expecting. I expect the company to swing back to profitability in the
Bear of the Day :
Bridgepoint Education (NYSE: BPI-Free Report) Has put together a
number of positive earnings surprises and that stock has risen to a
Zacks Rank #4 (Sell). It is the Bear of the Day.
The stock has run up quite dramatically over the past six weeks. The
stock is up more than 20% since the start of May, but at the same time,
earnings estimates have been moving in the opposite direction.
Bridgepoint Education provides postsecondary education services. Its
and University of the Rockies
offer associate’s, bachelor’s, master’s, and doctoral
programs in the disciplines of business, education, psychology, social
sciences, and health sciences. The company was formerly known as
TeleUniversity, Inc. and changed its name to Bridgepoint Education, Inc.
in February 2004. Bridgepoint Education, Inc. was founded in 1999 and is
San Diego, California
Looking to the earnings history, I see a stock that has missed the
number in two of the last three reports and posted an earnings meet in
the other instance. The September 2012 quarter came in 17% below
expectations and the following quarter was a negative earnings surprise
Liberty Global Gets Virgin Media
Liberty Global Inc.(Nasdaq: LBTYA-Free Report) finally completes the
acquisition of the British cable
, Virgin Media. On Feb 2013, Liberty
Global decided to acquire a 100% stake in Virgin Media in a cash and
equity deal. The deal is worth around $15.8 billion or an enterprise
value of nearly $23.3 billion.
On Jun 7, the company declared that it has finally received
shareholders’ approval, regulatory approvals including both the
U.S. and European and completed other customary closing conditions to
acquire Virgin Media.
The acquisition makes Liberty Global the largest cable TV MSO (multi
service operator) in the world, surpassing Comcast Corp.(Nasdaq:
CMCSA-Free Report), the largest cable MSO of the U.S. Together, Liberty
Global and Virgin Media will have approximately 25 million subscribers
compared with nearly 22 million subscribers of Comcast.
In the U.K., the merged entity will become a formidable challenger
British Sky Broadcasting
Group plc., which is the largest pay-TV
operator in the U.K. and is partially controlled by News Corp.(Nasdaq:
Liberty Global is gradually establishing a strong foothold in the
European cable TV market. On Apr 2013, Liberty Global acquired a 12.65%
ownership of Ziggo, the largest cable MSO in the Netherlands. Ziggo also
competes with telecom operators
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