(Source: Business Wire)

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: Alcatel-Lucent (NYSE: ALU), Verisign Inc. (NASDAQ: VRSN), Toyota Motor Corporation (NYSE: TM), SINA Corporation (NASDAQ: SINA) and Focus Media Holdings Limited (NASDAQ: FMCN).
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Here are highlights from Friday's Analyst Blog:
Lowering Estimates for ALU
Alcatel-Lucent (NYSE: ALU) reported weaker than expected revenues for the third quarter of 2008 and its earnings were additionally hit by restructuring charges of 94 million and lower gross margins.
We have reduced our revenue and earnings estimates for the remainder of 2008 and 2009 based on company guidance. For full year 2009, Alcatel-Lucent expects the market for telecommunications equipment and related deployment services to be down between 8% and 12% at constant exchange rate and expects to maintain a stable market share. As a result of the expected decline in volumes and given that the improvement in gross margin will only materialize towards the end of the year, the company's initial forecast is to achieve an adjusted operating profit around break-even in 2009.
Keeping VRSN A Hold
We maintain our hold recommendation on the shares of Verisign Inc. (NASDAQ: VRSN). The company provides essential Internet infrastructure services to companies, service providers and website owners.
VRSN earlier posted Q3 revenues of $240 million, in line with our estimate of $240 million (consensus at $239 million). Non-GAAP EPS of $0.25 included a $0.03 investment loss due to the Lehman bankruptcy. Excluding this loss, EPS would have been $0.28, better than our estimate of $0.27 and consensus of $0.26. Going forward, Management provided Q4 revenue guidance of $242 $247 million, slightly below our and consensus estimates. Management remains confident of exiting 2008 with an operating margin of 35%.
TM Recently Lowered Guidance
Toyota Motor Corporation (NYSE: TM) is the largest automaker in the world in terms of sales and production. A strong presence in North America has been further consolidated by gaining market share from the leading U.S. automakers. Moreover, the company also has a strong cash flow and a strong balance sheet.
However, Toyota is unable to offset sales losses in the U.S.