For Immediate Release
Chicago, IL – April 5, 2013 – 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 Verizon Communications Inc. (VZ), AT&T, Inc. (T), Time Warner Cable (TWC), Starz (STRZA) and Accenture Plc. (ACN).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
Verizon Plans Fiber-Optic Trial Run
Verizon Communications Inc. (VZ) is planning to build a pilot program to test new ways to deploy fiber-optic cables in New York City. According to reports, the company is planning to use techniques like micro trenching and saw cutting to insert cable through sidewalk. These techniques are expected to consume smaller space for cable insertion and ultimately result in reduced cost compared to the traditional methods of deploying cables.
Currently, Verizon is initiating a pilot project in collaboration with New York City authorities. If the deployment is done successfully, the company will carry out such network deployments in the whole of New York, covering five boroughs by next year.
The company’s main aim is to expedite the deployment of fiber optic service, replacing traditional copper lines so as to increase data speed and curb network traffic. Currently, Verizon provides fiber optic networking only for its FiOS TV and broadband services. Through copper-to-fiber migration, the company intends to drive FiOS revenue growth and maximize profitability.
Apart from improving network deployments, Verizon is taking several other steps to improve its wireline service – FiOS – that competes with AT&T, Inc.’s (T) U-Verse services and Time Warner Cable (TWC). The company introduced new FiOS pricing plans (set-top boxes and planned bundled changes) that would accelerate consumer revenue growth for the next several quarters. Verizon also collaborated with Starz (STRZA) – a top-notch global media and entertainment company – to launch STARZ PLAY and ENCORE PLAY. Overall, we believe these combined efforts would lead to improved revenue, high operating margins and greater share in the cable services market.
Verizon has a Zacks Rank #3 (Hold).
Accenture Closes Change Track Deal
Consistent with its strategy to strengthen its Analytics business, Accenture Plc. (ACN) completed the acquisition of change management company Change Track Research Pty Ltd.
With this acquisition, Accenture will have access to Change Track’s key solutions such as ChangeTracking, which is an analytics tool using 10 years of research and advanced math algorithms to track data. We believe that this acquisition is basically intended to strengthen Accenture’s portfolio of analytical tools and capabilities, which will ultimately help clients to identify areas requiring change, monitor the process of change, understand the effects of change in advance and implement them smoothly.
The portfolio diversification strategy has helped Accenture strengthen its offerings and counter the sluggish growth in underperforming regions. Moreover, Change Track being an Australian company will help Accenture build a position in the country.
We believe that Accenture’s acquisition strategy has served the company well in the high-growth emerging markets of India, the Philippines, China and Latin America.
This apart, Europe's weak economic condition is perceived to be an opportunity for some meaningful acquisitions. The company is also eyeing acquisitions in the euro zone at competitive prices, which can reap long-term benefits.
Apart from using acquisitions to expand geographically, the company is also focusing on acquisitions based on utility, wherein the acquiring company obtains access to the technology of the acquired company. This has led to the acquisition of the digital production services vendor avVenta Worldwide. Accenture closed the acquisition without disclosing the terms of the agreement.
Although the acquisition provides much-needed support to the company, the Consulting business would need special attention as its performance could weigh on the overall results, as new consulting projects slowly come over.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com