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The Zacks Analyst Blog Highlights: Ericsson, Microsoft, Ubiquiti Networks, Tellabs and Agilent Technologies

Zacks Equity Research

For Immediate Release

Chicago, IL – September 09, 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 the Ericsson (ERIC- Free Report), Microsoft Corp (MSFT- Free Report), Ubiquiti Networks Inc. (UBNT- Free Report), Tellabs Inc. (TLAB- Free Report) and Agilent Technologies Inc (A- Free Report).

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Here are highlights from Friday’s Analyst Blog:

Ericsson Closes Microsoft Mediaroom Buy

Ericsson (ERIC- Free Report) recently closed the acquisition of Microsoft Corp’s (MSFT- Free Report) Mediaroom business and became the leading provider of IPTV (Internet Protocol TV) and multi-screen solutions. Ericsson plans to include Mediaroom into its Business Unit Support Solutions. The decision to acquire the business was announced on Apr 8, 2013.  

Located at Mountain View, CA, Mediaroom is a leading comprehensive platform for video distribution comprising the world's largest IPTV operators. Its services are offered on various devices including WiFi set top boxes, Xbox 360, personal computers, tablets and smartphones.

The acquisition of the TV business comes at an opportune time when the global IPTV market is expected to cater to 76 million subscribers in 2013.  Further, the IPTV market is expected to generate revenues of $32 billion.  Ericsson expects the IPTV market to have 105 million subscribers with revenues of $45 billion by 2015.

The acquisition is a strategic move by Ericsson as it expects television customers’ demand to grow rapidly, thanks to the swift technological innovations. Further, the company believes that this development will continue to drive the industry.

Furthermore, ABI Research firm stated that IPTV market share registered 11.5% growth in 2012 as compared with 10% in fiscal 2011. Therefore, it is believed that IPTV will be the next big thing for the telecom companies. So, investing in the initial phase is expected to give good results going forward.

Ericsson currently has a Zacks #3 (Neutral). Other wireless equipment stocks worth a look are Ubiquiti Networks Inc. (UBNT
- Free Report) and Tellabs Inc. (TLAB- Free Report). Ubiquiti Networks has a Zacks Rank #1 (Strong Buy), while Tellabs Inc. carries a Zacks Rank #2 (Buy).

Agilent’s New Portable Logic Analyzers

Agilent Technologies Inc (A
- Free Report) recently launched its 16850 Series portable logic analyzers. The feature that sets the 16850 series apart from others is that it offers both single-ended and differential testing options, which in turn, help engineers to debug the devices in relatively less time.

Logic analyzers are basically electrical instruments used to see the timing between signals in a digital system. A logic analyzer can be triggered to capture a series of digital events to collect a large amount of data from the system under probe. Makers of high-speed digital systems use logic analyzers to enhance the speed of the debugging process in their respective systems.

Often a logic analyzer starts determining signs of trouble when the root cause of the trouble had taken place long ago. The 16850 series logic analyzers with its high-speed timing and strong memory will help engineers locate the root cause of failure. The Agilent 16850 Series logic analyzers provide measurement solutions for a wide range of bus and signal types.

Agilent is mainly involved in the manufacturing of measuring instruments. Its Life Science segment offers liquid chromatography systems, columns, tools and components. The Chemical Analysis segment, on the other hand, offers gas chromatography systems, tools and components.

Agilent’s revenues in the third quarter were down 4.6% sequentially and 4.1% year over year to $1.65 billion. The lion’s share of revenues came from the Asia/Pacific region, which contributed 39%, followed by the Americas, with 35% and Europe, which accounted for the balance.

Though all three regions declined from the last quarter, the decline was greatest in the Americas (down 5.6%), followed by the Asia/Pacific (down 4.9%) and Europe (down 2.8%). The Americas dropped 14.3% year over year, Asia/Pacific remained flattish while Europe was up 6%. However, earnings per share of 68 cents exceeded the Zacks Consensus Estimate by 6 cents or 9.6%, helped by solid cost management

Agilent currently has a Zacks Rank #3 (Hold).
Today, Zacks is promoting its ''Buy'' stock recommendations.
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