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Cielo Advances Construction of Garbage to High Grade Renewable Diesel Refinery by Closing $883,236 in Third Tranche of Private Placement

Cielo Advances Construction of Garbage to High Grade Renewable Diesel Refinery by Closing $883,236 in Third Tranche of Private Placement

Vancouver, British Columbia (FSCwire) – CSE:CMC: Cielo Waste Solutions Corp. (“Cielo” or the “Company”) is pleased to announce the closing of the third tranche of the Company’s private placement of up to $3,000,000 (the “Private Placement”). A total of $883,236 was raised in the third tranche by way of the issuance of 8,832,360 (“Units”) at $0.10 per Unit. Each Unit is comprised of 1 common share and one ½ warrant, with each full warrant (“Warrant”) having an exercise price of $0.20 and an expiration date of twelve months from the date of issue of the Units. The term of the Warrants is subject to earlier expiration if Cielo’s Common Shares trade at $0.30 or above, for 5 consecutive days, at any time after 14 weeks from the date of issue of the Units, in which case Cielo will have the right to issue a notice to the holders of the Warrants that the term has been reduced to 30 days from the date of such notice. Any Warrants that have not been exercised, on or before such 30-day period, will automatically expire.

Together with the first and second tranche closings on July 17, 2017 and August 31, 2017 respectively, the Company has raised $2,283,236 to date ($1,048,236 of which was settlement for debt). In connection with the third tranche of the Private Placement, Cielo paid $33,600 in cash commissions. All securities issued pursuant to the Private Placement will be subject to a statutory four-month hold period. The net proceeds from all three tranches are being used to continue with the construction of Cielo’s first commercial waste to energy refinery as well as for general working capital. The Company anticipates closing one additional tranche of the Private Placement on or before October 5th, 2017 by issuing additional Units on the same terms.

Cielo’s President and CEO, Don Allan, stated “We continue to make significant progress retrofitting our demonstration plant into our first commercial waste to energy refinery that is being constructed on our High River property. Closing this tranche of funding brings us that much closer to being in a position to commission our first refinery that is engineered to produce high grade renewable diesel.”

Cielo’s technology has been proven to work in the Company’s demonstration refinery (“Demo Refinery”) utilizing multiple different waste feedstock streams, including municipal solid waste, tires, plastics and wood waste converting all of them, on a cost-effective basis, into high grade renewable diesel fuel, in batches of up to 50 liters an hour. Having been granted a development permit from the MD of Foothills #31 municipal district, which is subject to customary conditions, Cielo has applied to the Alberta provincial regulator for a permit to build and operate the refinery. Cielo is now in the process of converting its Demo Refinery into about a 356 liter per hour (2.9 million liter per year) continuous flow refinery. Once Cielo validates that the retrofitted refinery can operate on a continuous flow basis, Cielo plans to scale up the size of its refineries to produce about 2,000 liters an hour (16 million liters a year) of high grade renewable diesel and build multiple modular refineries around the world, offsetting landfills and other feedstock supplies. Cielo intends to focus initially on building additional refineries in Alberta to fill the Canadian mandated demand for renewable diesel, almost all of which is currently having to be imported into Canada, due to the high feedstock costs and product quality issues being experienced by Canadian bio-diesel producers. In the coming months and years, Cielo’s goal is to replace as much as possible of the imported mandated demand, of about 650 million liters a year, with its high grade renewable fuel.

For more information please contact:

Cielo Waste Solutions Corp.
Don Allan, President & CEO
(403) 348-2972 Ext. 101
donallan@cielows.com
www.cielows.com

About Cielo Waste Solutions Corp.

Cielo Waste Solutions Corp. is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange (“CSE”) under the symbol “CMC”. Cielo is commercializing a transformational, patent-pending, technology that can convert multiple different waste streams into renewable diesel, at a significantly lower cost than biofuel companies. Landfills are one of the world’s leading contributors to Green House Gas emissions and are projected to double in size over the next 7 years. Cielo can potentially resolve this crisis, on a cost-effective basis, by converting multiple different waste-derived feedstocks, including sorted municipal solid waste (garbage), wood and agriculture waste, tires, blue-box waste, all plastics and virtually any other cellulous waste product into high grade renewable diesel.

Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of its industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

To view this press release as a PDF file, click onto the following link:

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2017 Filing Services Canada Inc.

Investor Network: CarMax, Inc. to Host Earnings Call

By Investor Network

NEW YORK, NY / ACCESSWIRE / September 22, 2017 / CarMax, Inc. (NYSE: KMX) will be discussing their earnings results in their Q2 Earnings Call to be held September 22, 2017 at 9:00 AM Eastern Time.

To listen to the event live – visit https://www.investornetwork.com/company/1009.

Replay Information

The replay will be available online at https://www.investornetwork.com/company/1009.

About Investor Network

Investor Network (IN) is a new financial content community, serving millions of unique investors market information, earnings, commentary and news on the what’s trending. Dedicated to both the professional and the average traders, IN offers timely, trusted and relevant financial information for virtually every investor. IN is an Issuer Direct brand, to learn more or for the latest financial news and market information, visit www.investornetwork.com. Follow us on Twitter @investornetwork.

SOURCE: Investor Network

ReleaseID: 476094

Featured Company News – Goodyear to Acquire Germany-based Tire Inspection Technology Firm Ventech Systems

By Pro-Trader Daily

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for The Goodyear Tire & Rubber Co. (NASDAQ: GT) (“Goodyear”), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=GT. The Company, which is one of the largest tire Companies of the world, announced its decision to acquire Ventech Systems GmbH (“Ventech”), a leader in automated tire inspection technology, from Grenzebach Maschinenbau GmbH. This acquisition aligns with Goodyear’s innovation strategy as well its connected business model. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GT. Go directly to your stock of interest and access today’s free coverage at:

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Transaction Closing Details

  • Post the transaction closing, which is expected in the fourth quarter of 2017; the business and technology of Ventech Systems will be integrated into the Goodyear Proactive Solutions business.
  • However, the financial details about the transaction have not yet been disclosed.

New Technology to be integrated into Goodyear’s Proactive Solutions business

Nowadays, truck tire care and maintenance is one of the biggest contributors to commercial fleet uptime and total cost of operations. Therefore, Goodyear launched its Goodyear Proactive Solutions in 2016 in the Europe, Middle-East, and Africa (EMEA) region to offer a full range of demonstrated Vehicle-To-Fleet operations management solutions assisting fleet owners to enhance vehicle and fleet safety, reduce fuel use, decrease and lower their carbon footprint. Moreover, it also helps them improve the digital transformation of their fleet.

Ventech was founded in 2006, and since then it has been working towards delivering innovative measuring devices for the vehicle industry. The Dorsten, Germany-based Company offers a fully-automated tire inspection system that rapidly checks tire pressure, tread depth and vehicle weight for buses, trucks, cars and other vehicles.

The acquired technology of Ventech Systems would be integrated into Goodyear’s Proactive Solutions business. Consequently, it would expand Goodyear Proactive Solutions’ commercial offerings with an efficient, user-friendly closed-loop service enabling fleet operators to gauge tire pressure, tread depth and vehicle weight on all their vehicles each time they enter or exit their depot.

Acquisition to Enhance Goodyear’s mobile tire/fleet management solutions capabilities

Christopher Helsel, Vice President and Chief Technology Officer at Goodyear, highlighted that Goodyear Proactive Solutions business has been working with Ventech Systems to integrate the latter company’s data gathering and analysis capabilities into Goodyear’s fleet management solution for more than three years now. And so far, the feedback from fleet customers has been outstanding. The acquisition is, thus, an important opportunity for Goodyear to improve its service and value proposition for customers.

Ventech to Benefit from Goodyear’s Strong Market Presence

Andreas Pietsch, Chief Operating Officer and Business Manager at Ventech Systems, shared his views about the acquisition. He brought to notice that both Goodyear and Ventech Systems were founded and driven by innovation. He expects that Goodyear’s strong market presence would create additional global growth opportunities for Ventech Systems. Furthermore, he expressed his excitement on assisting Goodyear’s fleet customers with Ventech’s unique technology in terms of process optimization, business efficiency, and road safety.

Goodyear to Work with Mobility Service to Improve Tire Management

Acquisition of Ventech is the second move this month by Goodyear to focus on technology-driven tire maintenance.

The Company is also collaborating with automakers to provide tire information to vehicle control systems to improve safety and performance. On September 08, 2017, Goodyear declared that it is equipping Tesloop, a city-to-city mobility service that solely uses Tesla electric vehicles, with wireless sensors in its tires to enhance overall tire management and heighten uptime for its growing fleet.

About Goodyear Tire and Rubber Co.

Goodyear, the leading tire Company, employs over 65,000 people and manufactures its products in 47 facilities in 21 countries around the world. The Company has two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, which work to develop state-of-the-art products and services setting the technology and performance standard for the industry.

Last Close Stock Review

On Thursday, September 21, 2017, the stock closed the trading session at $32.46, slightly up 0.59% from its previous closing price of $32.27. A total volume of 1.41 million shares have exchanged hands. Goodyear Tire & Rubber’s stock price advanced 8.42% in the last one month and 1.28% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 5.15%. The stock is trading at a PE ratio of 7.12 and has a dividend yield of 1.23%. The stock currently has a market cap of $8.18 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

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Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 476064

Earnings Review and Free Research Report: Tech Data’s Net Sales Surged 40%; Adjusted Earnings Jumped 33%

By Pro-Trader Daily

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Tech Data Corp. (NASDAQ: TECD), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=TECD, following the Company’s announcement of its second quarter fiscal 2018 financial results on August 31, 2017. The information technology products distributor exceeded revenue forecast and provided guidance for the upcoming quarter. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TECD. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=TECD

Earnings Reviewed

For the second quarter ended July 31, 2017, Tech Data’s net sales surged 40% to $8.88 billion compared to net sales of $6.35 billion for Q2 FY17. The Company stated that the growth in net sales was primarily due to the addition of the Technology Solutions business acquired from Avnet, Inc. on February 27, 2017. On a constant currency basis, Tech Data’s net sales increased 41%. The Company’s reported numbers beat analysts’ estimates of $8.71 billion.

During Q2 FY18, Tech Data’s gross profit was $515.59 million, up 63% compared to gross profit of $316.45 million for Q2 FY17. As a percentage of net sales, the Company’s gross profit was 5.80% compared to 4.98% in the prior year’s same quarter.

Tech Data’s selling, general, and administrative expenses (SG&A) were $410.6 million, or 4.62% of net sales, for Q2 FY18 compared to $243.8 million, or 3.84% of net sales, in Q2 FY17. The Company’s non-GAAP SG&A was $387.7 million, up 63% on a y-o-y basis. As a percentage of net sales, Tech Data’s non-GAAP SG&A was 4.37% for Q2 FY18 versus 3.75% in the prior year’s comparable quarter. The increase in both dollars and percentage of net sales, on a GAAP and non-GAAP basis, was primarily attributable to the addition of Technology Solutions.

For Q2 FY18, Tech Data’s worldwide operating income was $103.5 million, or 1.17% of net sales, compared to $73.4 million, or 1.15% of net sales, in Q2 FY17. The Company’s non-GAAP operating income was $127.8 million, up 64% on a y-o-y basis. As a percentage of net sales, Tech Data’s non-GAAP operating income was 1.44%, reflecting an improvement of 21 basis points over the prior year’s same quarter.

Tech Data’s net income was $47.5 million in Q2 FY18 compared to $46.4 million in Q2 FY17. The Company’s non-GAAP net income was $66.7 million in the reported quarter, up 33% on a y-o-y basis. For Q2 FY18, Tech Data’s earnings per share on a diluted basis (EPS) were $1.24 compared to $1.31 in Q2 FY17. The Company’s non-GAAP EPS jumped 23% to $1.74 on a y-o-y basis. Tech Data’s earnings fell short of Wall Street’s estimate of $2.06 per share.

Cash Matters

Tech Data generated operating cash flow of $146 million in Q2 FY18, bringing its year-to-date cash flow from operations to $371 million. The Company exited the quarter with a cash balance of $1 billion. Tech Data’s capital expenditures were $11 million in Q2 FY18.

Tech Data’s return on invested capital for the trailing twelve months was 10% compared to 14% in the prior year’s same period. The adjusted return on invested capital for the trailing twelve months was 12% compared to 14% in the prior year’s corresponding period. At the end of the reported quarter, Tech Data had $2.7 billion of equity and a 45% debt-to-capital ratio.

Tech Data noted that in Q2 FY18, three of its vendor partners represented 10% or more of the Company’s sales. Apple represented 12%, HP Inc. was 11%, and Cisco was 11%.

Business Outlook

For the quarter ending October 31, 2017, Tech Data is forecasting worldwide net sales to be in the range of $9.0 billion to $9.35 billion. The Company is expecting EPS to be in the range of $0.80 to $1.00 and non-GAAP EPS to be in the range of $1.84 to $2.04 for the upcoming quarter.

Stock Performance

Tech Data’s share price finished yesterday’s trading session at $86.36, marginally sliding 0.45%. A total volume of 419.18 thousand shares have exchanged hands. The Company’s stock price advanced 0.20% in the previous twelve months. Additionally, the stock gained 1.98% since the start of the year. Shares of the Company have a PE ratio of 16.29 and currently have a market cap of $3.26 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 476062

Earnings Review and Free Research Report: Cooper’s Adjusted Diluted EPS Increased 14.8%

By Pro-Trader Daily

Research Desk Line-up: Lakeland Industries Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on The Cooper Cos., Inc. (NYSE: COO) (“Cooper”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=COO, following the Company’s reporting of its financial results on August 31, 2017, for the third quarter of the fiscal year 2017. The Company’s net revenue increased 8% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Medical Instruments & Supplies industry. Pro-TD has currently selected Lakeland Industries, Inc. (NASDAQ: LAKE) for due-diligence and potential coverage as the Company announced on September 13, 2017, its financial results for Q2 FY18 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Lakeland Industries when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on COO; also brushing on LAKE. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=COO

http://protraderdaily.com/optin/?symbol=LAKE

Earnings Reviewed

For the three months ended July 31, 2017, Cooper’s net revenue increased 8% to $556.0 million from $514.7 million in Q3 FY16. The net revenue figures surpassed analysts’ expectations of $552.0 million.

During Q3 FY17, Cooper’s gross profit increased 12.5% to $356.2 million from $316.6 million in Q3 FY16. For the reported quarter, the Company’s gross margin decreased 260 basis points to 64.1% of revenue from 61.5% of revenue in Q3 FY16. During Q3 FY17, the Company’s adjusted gross margin increased 100 basis points to 65% of revenue from 64% of revenue in Q3 FY16. The increase was due to a favorable product mix within the CooperVision segment, increased margins in the CooperSurgical segment, and favorable foreign exchange.

For the reported quarter, Cooper’s selling, general, and administrative expenses (SG&A) increased 14.4% to $208.7 million from $182.4 million in Q3 FY16. During Q3 FY17, the Company’s amortization expenses increased 10.3% to $17.2 million from $15.6 million in the same period of last year. For the reported quarter, the Company’s R&D expenses increased 10.1% to $17.5 million from $15.9 million in the same period of last year.

During Q3 FY17, Cooper’s operating income increased 9.8% to $112.8 million from $102.7 million in Q3 FY16. For the reported quarter, the Company’s operating margin increased 30 basis points to 20.3% of revenue from 20% of revenue in Q3 FY16. During Q3 FY17, the Company’s adjusted operating margin was at par with the 26% of revenue in Q3 FY16.

During Q3 FY17, Cooper’s net income increased 17.9% to $103.6 million from $87.9 million in Q3 FY16. During Q3 FY17, Cooper’s diluted earnings per share (EPS) increased 17% to $2.09 on a y-o-y basis from $1.79 in Q3 FY16. For the reported quarter, the Company’s adjusted diluted EPS increased 14.8% to $2.64 on a y-o-y basis from $2.30 in Q3 FY16. The adjusted diluted EPS surpassed analysts’ expectations of $2.58.

Segment Details

CooperVision (CVI) – During Q3 FY17, the Company’s CooperVision segment’s revenue increased 7% on a y-o-y basis, or 8% on constant currency basis, to $437.3 million. For the reported quarter, the segment’s gross margin increased 300 basis points to 65% of revenue from 62% of revenue in Q3 FY16. During Q3 FY17, the segment’s adjusted gross margin increased 100 basis points to 65% of revenue from 64% of revenue in Q3 FY16.

CooperSurgical (CSI) – During Q3 FY17, the Company’s CooperSurgical segment’s revenue increased 13% on a y-o-y basis, or 4% on constant currency basis, to $118.7 million. For the reported quarter, the segment’s gross margin was at par with the 61% of revenue in Q3 FY16. During Q3 FY17, the segment’s adjusted gross margin increased 100 basis points to 62% of revenue from 61% of revenue in Q3 FY16.

Balance Sheet

As on July 31, 2017, Cooper’s cash and cash equivalents decreased 54.4% to $46.0 million from $100.8 million in Q4 FY16.

During Q3 FY17, the Company’s net trade receivable increased 15.3% to $335.9 million from $291.4 million in Q4 FY16.

For the reported quarter, Cooper’s inventories increased 8.7% to $453.9 million from $417.7 million in Q4 FY16.

For the reported quarter, the Company’s long-term debt increased 6.3% to $1.18 billion from $1.11 billion in Q4 FY16.

Outlook

For Q4 FY17, Cooper expects total revenue to be in the range of $552 million – $565 million and estimates adjusted diluted EPS to be in the band of $2.60 – $2.70.

For FY17, Cooper expects total revenue to be in the range of $2.13 billion – $2.14 billion and estimates adjusted diluted EPS to be in the band of $9.66 – $9.76.

Stock Performance

On Thursday, September 21, 2017, the stock closed the trading session at $232.41, falling 1.57% from its previous closing price of $236.11. A total volume of 621.79 thousand shares have exchanged hands, which was higher than the 3-month average volume of 446.53 thousand shares. Cooper Cos.’ stock price surged 16.38% in the past six months and 24.83% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 32.86%. The stock is trading at a PE ratio of 33.36 and has a dividend yield of 0.03%. At Thursday’s closing price, the stock’s net capitalization stands at $11.46 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

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ReleaseID: 476063

Earnings Review and Free Research Report: Toronto-Dominion Bank Posted a Robust Q3 Results

By Pro-Trader Daily

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on The Toronto-Dominion Bank (NYSE: TD, which can be viewed by registering at http://protraderdaily.com/optin/?symbol=TD, following the Company’s release of its financial results on August 31, 2017, for the third quarter fiscal 2017 (Q3 FY17). The Toronto, Ontario-based bank’s quarterly total revenue and adjusted EPS rose 7% and 19% y-o-y, respectively. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TD. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

During the quarter ended on July 31, 2017, Toronto-Dominion Bank’s total revenues came in at C$9.29 billion, up from C$8.70 billion in the year-ago same quarter. The Company’s net interest income increased to C$5.27 billion in Q3 FY17 from C$4.92 billion in Q3 FY16. Furthermore, non-interest income grew to $4.02 billion during Q3 FY17 from $3.78 billion in Q3 FY16.

The retail and wholesale bank reported net income of C$2.77 billion, or C$1.46 per diluted share, in Q3 FY17, which came in above C$2.36 billion, or C$1.24 per diluted share, in Q3 FY16. Adjusted net income was C$2.87 billion, or C$1.51 per diluted share, for the reported quarter versus C$2.42 billion, or C$1.27 per diluted share, in the year-ago corresponding period.

Performance Metrics

In Q3 FY17, Toronto-Dominion Bank’s adjusted return on common equity grew to 16.1% from 14.5% reported in the year-ago same quarter. The bank’s adjusted efficiency ratio was 51.4% in Q3 FY17 compared to 52.6% in Q3 FY16. The bank’s adjusted net interest margin on average earning assets for the reported quarter stood at 1.94% compared to 1.98% in Q3 FY16.

As on July 31, 2017, the bank’s common equity tier 1 ratio was 11.0% compared to 10.4% as on July 31, 2016. The Company’s tier 1 capital ratio stood at 12.8% as on July 31, 2017, compared to 11.9% as on July 31, 2016. Total capital ratio stood at 15.6% on July 31, 2017, versus 14.6% as on July 31, 2016, Furthermore, leverage ratio came in at 4.1% as on July 31, 2017, compared to 3.8% on July 31, 2016.

Toronto-Dominion Bank’s Segment Performance

For the reported period, Canadian Retail segment’s total revenues grew to C$5.33 billion from C$5.14 billion in Q3 FY16. The segment’s net income also increased to C$1.73 billion in Q3 FY17 from C$1.51 billion in the last year’s comparable quarter.

The US Retail segment’s total revenue stood at C$2.64 billion in Q3 FY17 compared to C$2.35 billion in Q3 FY16. During the reported quarter, the segment recorded net income of C$901 million, which came in above the C$788 million recorded in Q3 FY16.

In Q3 FY17, the Wholesale Banking segment’s revenue was C$902 million compared to C$859 million in Q3 FY16. In the reported quarter, net income was C$293 million, up from C$302 million in Q3 FY16.

The Corporate segment reported net loss of C$150 million in Q3 FY17 versus net loss of from C$241 million in Q3 FY16. Furthermore, the segment’s adjusted net loss stood at C$54 million for Q3 FY17 compared to adjusted net loss of C$183 million in Q3 FY16.

Dividend

In a separate press release on August 31, 2017, Toronto-Dominion Bank’s Board of Directors declared a quarterly dividend of C$0.60 per common share. The dividend is payable on and after October 31, 2017, to shareholders of record at the close of business on October 06, 2017.

Acquisition

On September 18, 2017, Toronto-Dominion Bank announced the acquisition and merger of Scottrade Bank for cash consideration equal to approximately US$1.4 billion. The Company also informed that it had completed the previously announced acquisition of Scottrade Financial Services Inc.

Stock Performance

Toronto-Dominion Bank’s share price finished yesterday’s trading session at $55.95, slightly advancing 0.65%. A total volume of 1.03 million shares have exchanged hands. The Company’s stock price surged 13.44% in the last three months, 14.18% in the past six months, and 26.73% in the previous twelve months. Additionally, the stock rallied 13.40% since the start of the year. Shares of the Company have a PE ratio of 12.88 and have a dividend yield of 3.43%. The stock currently has a market cap of $103.35 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

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ReleaseID: 476065

Featured Company News – Greystar Led Fund Completes Acquisition of Monogram; Walker & Dunlop Arranges $1.9 Billion Financing to Facilitate Deal

By Pro-Trader Daily

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Walker & Dunlop, Inc. (NYSE: WD), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=WD. The Company announced on September 20, 2017, that it has arranged financing for completing the acquisition of Monogram Residential Trust, Inc. (NYSE: MORE) by Greystar led Fund. Greystar led Fund completed the acquisition of Monogram on September 19, 2017. The total value of the acquisition was approximately $4.4 billion including joint venture interests and debts. Walker & Dunlop had arranged for $1.9 billion portfolios of Freddie Mac loans to Greystar led Fund for this acquisition. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on WD; also brushing on MORE. Go directly to your stock of interest and access today’s free coverage at:

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http://protraderdaily.com/optin/?symbol=MORE

About the Greystar/Monogram deal

Greystar Growth and Income Fund, L.P. (a newly formed perpetual life fund), led by Greystar Real Estate Partners and its initial founding capital partners, affiliates of APG Asset Management N.V., GIC, and Ivanhoé Cambridge (Greystar led Fund) had announced the acquisition of Monogram Residential Trust in July 2017. Monogram is an owner, operator, and developer of luxury apartment communities with a significant presence in select coastal markets. The transaction was valued at approximately $3 billion including debt, assumed or refinanced at the time of the announcement. As part of the transaction, Greystar also gained Monogram’s share in two joint ventures with PGGM, a cooperative Dutch pension fund service provider, and NPS. As per the terms of the deal, the JV will be restructured and Greystar will acquire NPS’s interest in the JV via a separate sale agreement valued approximately $0.5 billion including debt.

The acquisition was completed by Greystar on September 19, 2017, after receiving approval from Monogram’s shareholders. Monogram’s shareholders received $12 in cash for each Monogram share. As the transaction is completed, Monogram shares stopped trading on New York Stock Exchange (NYSE) on September 20, 2017.

Monogram’s portfolio as on June 30, 2017, consisted of investments in 13,438 apartment homes in 48 multifamily communities in 10 states across the US. With the completion of this acquisition, Greystar will expand its current portfolio with the addition of Monogram’s investments.

Details of Funding by Walker & Dunlop

Walker & Dunlop provided a portfolio of Freddie Mac’s loans to Greystar led Fund valued approximately $1.9 billion. The financing included 36 distinct loans on multifamily properties located in major metropolitan areas across US. The portfolio of Freddie Mac’s loans included 62% floating rate loans and 38% fixed rate loans. The financing of $1.9 billion in Freddie Mac’s loans, was the largest financing done in the history of the Company. Matt Wallach – Senior Vice President, Stephen West – Senior Vice President, and Craig West – Managing Director were the members of Walker & Dunlop’s financing team who worked on this deal.

Walker & Dunlop is the third largest Freddie Mac’s Multifamily Approved Seller and has originated approximately $2.3 billion of Freddie Mac’s loans within H1 2017. This is a 33% increase of such loans compared to the same period in FY16.

Commencing on the successful financing of the deal, Willy Walker, Chairman and CEO of Walker & Dunlop said:

“It is a true honor to have been selected by Greystar to finance the largest transaction in its illustrious history. The Walker & Dunlop team, along with our partners at Freddie Mac, executed flawlessly on this large, complex transaction. There are only a few multifamily lenders in the country with the scale and expertise with the GSEs to execute on a transaction of this nature, and it is a testament to Walker & Dunlop’s growth, and the incredible team we have, that we were able to execute on this financing so well.”

David Brickman, Executive Vice President & Head of Freddie Mac Multifamily, added:

“We were thrilled to work so closely with the incredible team at Walker & Dunlop and Greystar to facilitate this significant acquisition.”

About Walker & Dunlop

Bethesda, Maryland based Walker & Dunlop was founded in 1937 and is one of the largest premier commercial real estate and finance Company in the US. The Company provides customized financing solutions to owners of multifamily and commercial properties. The Company has become the eighth-largest commercial mortgage servicer in the US, with a servicing portfolio of $66 billion as on June 30, 2017. In FY16, the Company recorded total transaction volume of $19 billion and generated total revenues of $575 million. The Company has offices in over 28 locations across the US and is supported by a team of 600 professionals with decades of experience. The Company recently launched its new website on September 19, 2017.

Last Close Stock Review

Walker & Dunlop’s share price finished yesterday’s trading session at $48.39, marginally advancing 0.60%. A total volume of 260.98 thousand shares have exchanged hands, which was higher than the 3-month average volume of 207.99 thousand shares. The Company’s stock price skyrocketed 0.06% in the last three months, 12.69% in the past six months, and 87.41% in the previous twelve months. Additionally, the stock soared 55.10% since the start of the year. Shares of the Company have a PE ratio of 10.69 and currently have a market cap of $1.52 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

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SOURCE: Pro-Trader Daily

ReleaseID: 476067

Earnings Review and Free Research Report: Ambarella’s Revenue Gained 10%

By Pro-Trader Daily

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Ambarella, Inc. (NASDAQ: AMBA), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AMBA, following the Company’s announcement of its second quarter fiscal 2018 financial results on August 31, 2017. The video-compression chipmaker outperformed top- and bottom-line expectations and it also provided guidance for the upcoming quarter. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AMBA. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=AMBA

Earnings Reviewed

For its second quarter of the fiscal year 2018 ended July 31, 2017, Ambarella’s revenue grew 10.0% to $71.6 million compared to $65.1 million in Q2 FY17. The Company’s revenues in the reported quarter, excluding sales to GoPro and their ODMs grew 16.3% on a y-o-y basis, finishing at $67.9 million. Ambarella’s revenue numbers topped analysts’ expectations of $70.8 million.

During Q2 FY18, Ambarella’s gross margin under U.S. GAAP was 62.6%, compared with 66.7% for Q2 FY17. Gross margin on a non-GAAP basis for the second quarter of fiscal 2018 was 63.0%, compared with 67.1% for the same period in fiscal 2017.

Ambarella’s GAAP net income for Q2 FY18 was $3.3 million, or $0.10 per diluted ordinary share, compared with GAAP net income of $8.6 million, or $0.25 per diluted ordinary share, for Q2 FY17. The Company’s non-GAAP net income for the reported quarter was $16.5 million, or $0.48 per diluted ordinary share, as compared to non-GAAP net income of $18.5 million, or $0.54 per diluted ordinary share, for the year-ago period. The Company’s results exceeded Wall Street estimates of $0.45 per share.

Ambarella’s total headcount at the end of Q2 FY18 was 680 compared to 672 at the end of Q1 FY18, with approximately 82% of employees dedicated to engineering. Approximately 72% of the Company’s total headcount is located in Asia, primarily in Taiwan and China.

Cash Matters

Ambarella ended Q2FY18 with cash and marketable securities of $400.8 million, adding $10.6 million of cash from operations in the reported quarter. The reduction in cash in the reported quarter compared to the prior quarter was primarily the result of the Company’s repurchase of 595,770 shares at an average price of $50.25 for total consideration of approximately $29.9 million. Ambarella’s total accounts receivable at the end of Q2 FY18 was $38.4 million, or 49 days sales outstanding, compared to accounts receivable of $22.9 million, or 32 days sales outstanding at the end of the prior quarter. Accounts receivable increased due to the timing of shipments in the reported quarter.

Ambarella’s net inventory at the end of Q2 FY18 was $17.7 million, or about 63 days of inventory, compared to $19.1 million, or 77 days of inventory, at the end of Q1 FY17.

In Q2 FY18, Ambarella repurchased a total of 595,770 shares for total consideration of approximately $29.9 million. Of the total shares repurchased in the reported quarter, 551,351 shares were purchased under the $75 million repurchase program that ended on June 30, 2017. Ambarella repurchased a total of 1,119,178 shares from the inception of the $75 million program for total cash consideration of approximately $56.7 million. Under the new $50 million repurchase program that was announced in June 2017 and commenced on July 1st, 2017, Ambarella repurchased a total of 44,419 ordinary shares in Q2 FY18 for total cash consideration of approximately $2.2 million.

Outlook

For the third quarter of the fiscal year 2018, ending October 31, 2017, Ambarella is forecasting revenue to be between $87.5 million and $90.5 million; gross margin on a non-GAAP basis to be between 62.0% and 63.5%, and operating expenses on a non-GAAP basis to at around $28.0 million.

Stock Performance

On Thursday, September 21, Ambarella’s stock closed the trading session at $45.83, slightly down 0.69% from its previous closing price of $46.15. A total volume of 1.00 million shares were exchanged during the session. Shares of the Company have a PE ratio of 29.78 and currently have a market cap of $1.49 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 476079

Earnings Review and Free Research Report: Advanced Accelerator’s Revenue Increased 32%

By Pro-Trader Daily

Research Desk Line-up: Neogen Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Advanced Accelerator Applications S.A. (NASDAQ: AAAP) (“Advanced Accelerator”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AAAP, following the Company’s reporting of its financial results on August 31, 2017, for the second quarter of the fiscal year 2017. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Diagnostic Substances industry. Pro-TD has currently selected Neogen Corporation (NASDAQ: NEOG) for due-diligence and potential coverage as the Company announced on September 19, 2017, its financial results for Q1 FY18 which ended on August 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Neogen when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AAAP; also brushing on NEOG. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=AAAP

http://protraderdaily.com/optin/?symbol=NEOG

Earnings Reviewed

For the three months ended June 30, 2017, Advanced Accelerator’s revenue increased 32% to €36.53 million from €27.64 million in Q2 FY16. The increase was primarily driven by the PET product category, which increased 50% to €25.2 million on a y-o-y basis.

During Q2 FY17, Advanced Accelerator’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was negative €2.17 million compared to positive €2.27 million in Q2 FY16. For the reported quarter, the Company’s adjusted EBITDA margin was negative 5.93% of revenue compared to positive 8.2% of revenue in Q2 FY16.

For the reported quarter, Advanced Accelerator’s D&A expenses increased 18% to €3.81 million from €3.23 million in Q2 FY16.

During Q2 FY17, Advanced Accelerator’s operating loss was €5.98 million compared to an operating loss of €963,000 in Q2 FY16. The increase in operating loss was due to higher personnel costs and operating expenses, primarily related to the launch of new products, ongoing pipeline development, and increases in stock option grants to employees and compliance requirements.

During Q2 FY17, Advanced Accelerator’s net loss was €9.91 million compared to a net loss of €1.43 million in Q2 FY16. During Q2 FY17, Advanced Accelerator’s diluted earnings per share (EPS) was negative €0.11 compared to negative €0.02 in Q2 FY16.

On August 30, 2017, Advanced Accelerator’s announced that the US Food and Drug Administration (FDA) has accepted and considered complete the resubmission of the New Drug Application (NDA) for its investigational drug lutetium Lu 177 dotatate (Lutathera).

Balance Sheet

As on June 30, 2017, Advanced Accelerator’s cash and cash equivalents decreased 21.2% to €174.95 million from €222.08 million in Q4 FY16.

During Q2 FY17, the Company’s trade and other receivables increased 17.1% to €36.38 million from €31.08 million in Q4 FY16.

For the reported quarter, Advanced Accelerator’s inventories increased 18.3% to €9.58 million from €8.10 million in Q4 FY16.

During Q2 FY17, the Company’s trade and other payables increased 20 basis points to €20.16 million from €20.12 million in Q4 FY16.

For the reported quarter, the Company’s Return on Equity (ROE) ratio was negative 3.46% compared to negative 0.85% in Q2 FY16.

During Q2 FY17, the Company’s Return on Assets (ROA) ratio was negative 9.94% compared to negative 2.07% in Q2 FY16.

During H1 FY17, Advanced Accelerator’s cash provided by operating activities was negative €8.74 million compared to negative €6.43 million in H1 FY16.

Stock Performance

At the closing bell, on Thursday, September 21, 2017, Advanced Accelerator Applications’ stock marginally fell 0.85%, ending the trading session at $57.15. A total volume of 155.99 thousand shares have exchanged hands, which was higher than the 3-month average volume of 107.57 thousand shares. The Company’s stock price soared 44.17% in the last three months, 44.39% in the past six months, and 48.75% in the previous twelve months. Moreover, the stock skyrocketed 113.57% since the start of the year. The stock currently has a market cap of $2.53 billion.

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Corporate News Blog – WidePoint Corp. Appoints Todd Dzyak as President and CEO of WidePoint Integrated Solutions and WidePoint Solutions Corp.

By Pro-Trader Daily

LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for WidePoint Corp. (NYSE: WYY), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=WYY. The Company, which is a leading provider of technology-based management solutions, announced on September 20, 2017, the appointment of Todd Dzyak as President and CEO of WidePoint Integrated Solutions Corp. (WISC) and WidePoint Solutions Corp. (WSC). WidePoint Corp. provides Trusted Mobility Management (TM2) services, with specialization in cybersecurity and Telecommunication Expense Management (TEM) solutions. While both WISC and WSC offer Telecom Lifecycle Management (TLM) Solutions to Government and commercial enterprises. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on WYY. Go directly to your stock of interest and access today’s free coverage at:

http://protraderdaily.com/optin/?symbol=WYY

The New Role

In this new role, Todd Dzyak would oversee WidePoint’s business units, which are dedicated to offering TLM to US federal, state, and local governments and entities, as well as Fortune 500 Companies and global enterprises.

Dyzak’s Work Profile at WidePoint Corp.

Todd Dzyak joined WidePoint Corp. in 2008, after its acquisition of iSYS, LLC. Before this new position, Mr. Dzyak served as WISC/WSC’s Senior Vice President – Operations wherein he was responsible for the day-to-day management of all TLM delivery staff and infrastructure.

In addition to that, he also managed a multidisciplinary team, which specialized in audit and invoicing, inventory management, system development, system administration, logistics, and help desk support. Moreover, Mr. Dzyak supervised the management of all the WidePoint TLM Operations Centers.

Dyzak’s Expertise in Telecom Management

Todd Dzyak has been working in the Telecom Expense Management (TEM) industry since its inception. Therefore, he has developed expertise in this field by implementing and managing TEM programs for Fortune 100 Companies such as General Motors and DaimlerChrysler. Besides, he has also worked for several government agencies including the US Department of Homeland Security, US Army Corps of Engineers and US Transportation Security Administration.

Mr. Dzyak also has the experience of working in a startup scenario. Before joining WidePoint, he co-founded and self-funded a wireless expense management startup. In his startup, the team developed an innovative telecom management system, which is now the basis for WidePoint’s industry standard telecom management system, ITMS™.

Jin Kang Looks Forward to the New Appointment

Jin Kang, Chief Executive Officer of the WidePoint Group, shared his views about the new appointment. He mentioned that Todd Dzyak is renowned as an industry leader for his exceptional work in telecom management best practices. Kang believes that Dzyak is a sought-after expert for implementing complex TLM solutions for providing insight and guidance to public and private sector IT and telecom leaders. He anticipates that WidePoint’s WISC/WSC telecom and mobile management businesses would flourish under Dyzak’s leadership and guidance.

Dyzak’s Comment on the New Position

Todd Dzyak expressed his excitement on taking up this new responsibility of leading WISC and WSC. He mentioned that it is a critical time for WidePoint as a majority of the enterprises worldwide are seeking to manage their mobile work environment. Enterprises demand a trusted platform with enhanced confidentiality, which is provided by the intersection of WidePoint’s Telecom Lifecycle Management, Identity Management, and Mobility Management solutions, within WidePoint’s Trusted Mobility Management (TM2) Framework.

Honored by this new position, Todd Dzyak looks forward to working with his WidePoint’s colleagues and teams to help organizations deal with the challenges of security and mobile management.

Last Close Stock Review

On Thursday, September 21, 2017, the stock closed the trading session at $0.57, rising 3.64% from its previous closing price of $0.55. A total volume of 111.38 thousand shares have exchanged hands. WidePoint’s stock price soared 12.98% in the last one month, 31.03% in the past three months, and 42.50% in the previous twelve months. The stock currently has a market cap of $45.20 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 476073