NEW YORK, June 24, 2013 /PRNewswire/ --
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Today, Wall Street Reports announced new research reports highlighting FactSet Research Systems Inc. (NYSE: FDS), Finisar Corp. (NASDAQ: FNSR), CIENA Corp. (NASDAQ: CIEN), Harris Corp. (NYSE: HRS), and Aruba Networks, Inc. (NASDAQ: ARUN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
FactSet Research Systems Inc. Research Report
On June 18, 2013, FactSet Research Systems (FactSet) reported its Q3 FY 2013 financial results (period ended May 31, 2013). The Company reported revenue growth of 6.1% YoY to $214.6 million. Operating income was $71.6 million compared to $68.5 million in Q3 FY 2012. The Company's net income was $53.4 million compared to $48 million in Q3 FY 2012, and diluted EPS was $1.20 compared to $1.05 in Q3 FY 2012. "We again delivered double-digit diluted EPS growth and our free cash flow reached an all-time high of $92 million during the third quarter of fiscal 2013. Off-market conditions, especially on the sell-side, continue to interrupt client buying patterns and limited our ASV growth this quarter as expected," said Philip A. Hadley, Chairman and Chief Executive Officer. "We continue to return capital to shareholders as evidenced by a 13% increase in our dividend and a $200 million expansion to our share repurchase program during the quarter." The Full Research Report on FactSet Research Systems Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/1a84_FDS]
Finisar Corp. Research Report
On June 19, 2013, Finisar Corporation (Finisar) announced its Q4 FY 2013 and full-year FY 2013 financial results (period ended April 28, 2013) The Company's revenues for the quarter increased to $243.4 million, up 2.1% QoQ driven by strength in datacom product sales, partially offset by lower product revenue. For FY 2013, the Company reported revenues of $934.3 million, down 1.9% YoY. Compared to FY 2012, the sale of products from datacom applications increased 10%, primarily from sales of 10G and 100G transceivers and transponders, while the sales of products for telecom applications decreased 17.3%, mainly as a result of sluggish carrier capital expenditure levels. Jerry Rawls, Finisar's Executive Chairman of the Board, said, "Our favorable product mix in the quarter enabled us to achieve gross margin and earnings per diluted share that exceeded our guidance range." The Full Research Report on Finisar Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/06a8_FNSR]
CIENA Corp. Research Report
On June 19, 2013, Ciena Corporation (Ciena) announced that CANARIE, Canada's Advanced Research and Innovation Network, deployed Ciena's 6500 Packet-Optical Platform equipped with third generation WaveLogic Coherent Optical Processors, to support the 100G upgrade and network expansion of a route connecting Montreal and New York. Ciena stated that the new ultra-high-speed network link will sustain the "big data" streams used in today's advanced academic and scientific research. Rod Wilson, Senior Director of External Research at Ciena, said, "The research and education community relies on cutting-edge communications technology for global collaboration to achieve scientific advancements, which our OPn architecture supports by enabling the economical and exponential scale required to support high-bandwidth and collaborative research projects." The Full Research Report on CIENA Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c1bb_CIEN]
Harris Corp. Research Report
On June 16, 2013, Harris Corporation, (Harris) announced that it has received a $92 million contract from a Middle Eastern nation for an integrated command, control and communications system. The system will provide advanced capabilities for use in defense and security missions. The Company reports that a unique, state-of-the-art capability being delivered under this contract is the integration of Harris' Fusion 4G LTE (long-term evolution) base stations and ruggedized subscriber terminals to provide secure, private tactical cellular services. "Harris is delivering wideband tactical radio systems and, now, 4G LTE tactical cellular capability that address rapidly emerging requirements for fully networked command and control missions," said Dana Mehnert, Group President, Harris RF Communications. "Our wideband products and integrated system solutions are leading the transformation of tactical communications for our customers in the Middle East and throughout the world." The Full Research Report on Harris Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/32fe_HRS]
Aruba Networks, Inc. Research Report
On June 18, 2013, Aruba Networks (Aruba) announced that the University of Cincinnati is upgrading its wireless LAN with Aruba solutions for 100% wireless coverage on its campus. As a key part of the University's strategic plan, the WLAN upgrade is designed to enable wireless access in all of the University's residence halls, academic buildings and administrative facilities as well as green spaces. "The investment we are making in wireless access across all three of our campuses is important for our future as a leading research university," said Diana Noelcke, Interim Assistant Vice President, Network and Telecommunications Services for the University of Cincinnati. The Full Research Report on Aruba Networks, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2838_ARUN]
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SOURCE Wall Street Reports