Technology Sector Companies Report Quarterly Results - Analyst Notes on Xilinx, ServiceNow, Lam Research, Broadcom and Crown Castle - KMPH FOX 26 | Central San Joaquin Valley News Source

Technology Sector Companies Report Quarterly Results - Analyst Notes on Xilinx, ServiceNow, Lam Research, Broadcom and Crown Castle

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SOURCE Analysts Review

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NEW YORK, April 29, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Xilinx Inc. (NASDAQ: XLNX), ServiceNow, Inc. (NYSE: NOW), Lam Research Corporation (NASDAQ: LRCX), Broadcom Corp. (NASDAQ: BRCM) and Crown Castle International Corp. (NYSE: CCI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1755-100free.

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Xilinx Inc. Analyst Notes
On April 23, 2014, Xilinx Inc. (Xilinx) reported its financial results for Q4 FY 2014 and FY 2014 (period ended March 29, 2014). The net sales of the Company increased to $617.8 million for the quarter and to $2.4 billion for the full-year, representing a growth of 16.1% YoY and 9.9% YoY, during the respective periods. Net income for Q4 FY 2014 came in at $156.0 million, or $0.53 per diluted share, as compared to $130.6 million, or $0.47 per diluted share, in the prior year period. According to Zacks Investment Research, the consensus estimates for its Q4 FY 2014 EPS was $0.55 per share. For FY 2014, the net income came in at $630.4 million, or $2.19 per diluted share, as compared to $487.5 million, or $1.79 per diluted share, in FY 2013. The Company expects sales for Q1 FY 2015 to be up 0% to 4% sequentially. The full analyst notes on Xilinx are available to download free of charge at:

http://www.analystsreview.com/1755-XLNX-29Apr2014.pdf

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ServiceNow, Inc. Analyst Notes
On April 23, 2014, ServiceNow, Inc. (ServiceNow) reported its financial results for Q1 2014. The Company posted 61.9% YoY increase in revenues to $139.1 million. Net loss for Q1 2014 widened to $43.3 million, or $0.30 per basic and diluted share, from $13.4 million, or $0.10 per basic and diluted share, in Q1 2013. Commenting on the results, Frank Slootman, President and CEO, ServiceNow, said, "We are off to a great start in 2014. We exceeded our previously stated financial outlook on revenue, added 134 net new customers and had nine new deals with an annual contract value in excess of $1 million, a record for ServiceNow." For Q2 2014, the Company expects total revenues between $160 and $162 million, demonstrating a growth between 57% and 58% YoY. The full analyst notes on ServiceNow are available to download free of charge at:

http://www.analystsreview.com/1755-NOW-29Apr2014.pdf

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Lam Research Corporation Analyst Notes
On April 23, 2014, Lam Research Corporation (Lam Research) announced its earnings results for Q3 FY 2014 (period ended March 30, 2014). Net income for the quarter was reported at $164.4 million, or $0.96 per diluted share, as compared to $19.0 million, or $0.11 per diluted share, in Q3 FY 2013. The adjusted net income per diluted share increased to $1.26, beating the Zacks Investment Research's consensus estimate of $1.16. The Company reported 45.3% YoY increase in revenues to $1.2 billion. Lam Research expects EPS for Q4 FY 2014 to range between $0.07 and $0.98. The Company's stock rallied 11.50% to close at $58.26 on April 24, 2014. Martin Anstice, Lam Research's President and CEO, commented, "The consistency of our results reinforces the potential to deliver sustained outperformance through solid execution of our growth strategy." The full analyst notes on Lam Research are available to download free of charge at:

http://www.analystsreview.com/1755-LRCX-29Apr2014.pdf

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Broadcom Corp. Analyst Notes
On April 24, 2014, Broadcom Corp. (Broadcom) announced its Q1 2014 financial results. The Company reported total revenues of $2.0 billion, down 1.1% YoY. According to a Reuters report dated April 25, 2014, the Company is facing tough competition for its high-end smartphone chips in China where consumers still favor low-cost devices. Net income for Q1 2014 came in at $165.0 million, or $0.28 per diluted share, as compared to $191.0 million, or $0.33 per diluted share, in Q1 2013. Commenting on the performance, Broadcom's President and CEO, Scott McGregor said, "Broadcom delivered overall results ahead of expectations in the March quarter. The upside was driven by strength in Broadband and Infrastructure, stronger-than-expected gross margins and continued operating expense discipline." The full analyst notes on Broadcom are available to download free of charge at:

http://www.analystsreview.com/1755-BRCM-29Apr2014.pdf

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Crown Castle International Corp. Analyst Notes
On April 23, 2014, Crown Castle International Corp. (Crown Castle) reported Q1 2014 results. For the quarter, the net revenues were reported at $876.0 million, up 18.4% YoY. Net income for Q1 2014 came in at $90.5 million, or $0.27 per diluted share, as compared to $15.5 million, or $0.05 per diluted share, in Q1 2013. Further, Crown Castle informed that results include the impact of the AT&T tower transaction, which closed on December 16, 2013, and a one-time benefit of approximately $5 million related to a contract termination payment from Revol Wireless, which ended operations earlier this year. The Company expects net income for Q2 2014 to range between $32.0 million to $65.0 million. The full analyst notes on CrownCastle are available to download free of charge at:

http://www.analystsreview.com/1755-CCI-29Apr2014.pdf

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