Trader's Stock Watch List for 07/25/12: ZYCI, RVBD, ALTR, BAC
July 25 2012 - 9:22AM
Marketwired
FinancialNewsMedia.com "stocks to watch" for today: Ziyang Ceramics
Corporation (OTCBB: ZYCI), Riverbed Technology (NASDAQ: RVBD),
Altera Corporation (NASDAQ: ALTR), Bank of America (NYSE: BAC).
Potential Breakout Alert issued for ZYCI:
Ziyang Ceramics Provides Financial Guidance for 2012. -
Management Sees Second Quarter Revenue Ranging
Between $13.5 and $15 Million With Net Income Exceeding $3.5
Million and Full Year Revenue Exceeding $55 Million With Net Income
Exceeding $14 Million
Ziyang Ceramics Corporation (OTCBB: ZYCI), a leading
manufacturer of high quality interior porcelain tiles in China,
provided management's financial guidance for the 2012 second
quarter and full year ending December 31, 2012.
For the second quarter of 2012, management sees total revenue
ranging between $13.5 million and $15.0 million and net income
exceeding $3.5 million with approximately 10 million shares of
common stock issued and outstanding. This represents a substantial
improvement in overall financial performance, both sequentially as
well as to the comparable quarter in 2011. Additionally, based on
our strong performance thus far in 2012 and the outlook for the
remainder of the year, management sees revenue for the full year of
2012 exceeding $55 million with net income exceeding $14 million,
or EPS of $1.40 based on the current 10 million shares outstanding.
For the full year of 2011, Ziyang recorded revenue of $43.1 million
with net income of $10.8 million..
These increased revenues results are encouraging indicators for
Ziyang Ceramics Corporation following recent news that Bullworthy's
analysts released a comprehensive Research Report that included a
12-18 month price target using the Bullworthy
Composite Valuation Model (BCVM) of $9.25 a share. Their model
is calculated using formulas that include price-to-earnings ratios,
price-to-book ratios, and discounted cash flow with conservative
variables, and smoothed for a final, average price target. To Read
the Entire FREE 25 Page Research Report, Go to
http://zyci.bullworthy.com/
For more details and to read the entire press release issued for
ZYCI that includes the full company disclosures please go to
http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=186
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Riverbed Technology (NASDAQ: RVBD) and Juniper Networks (JNPR)
today announced a technology partnership in wide area network (WAN)
optimization, application delivery and mobility to deliver
market-leading technologies for enterprises looking to increase the
efficiency of their IT infrastructures and securely deliver better
performance of applications across devices, networks and
clouds.
Altera Corporation (NASDAQ: ALTR) announced second quarter sales
of $464.8 million, up 21 percent from the first quarter of 2012 and
down 15 percent from the second quarter of 2011. Second quarter net
income was $162.7 million, $0.50 per diluted share, compared with
net income of $115.8 million, $0.35 per diluted share, in the first
quarter of 2012 and $214.6 million, $0.65 per diluted share, in the
second quarter of 2011.
Bank of America (NYSE: BAC) announced that it has hired more
than 30 small business bankers across the greater Chicago area to
provide guidance to local small business owners. The additions are
part of the company's previously announced plan to hire 1,000 small
business bankers nationwide.
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