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Financial Results Releases, Public Offer Pricings, Event Updates, and Senior Level Promotions - Analyst Notes on Red Hat, 58.com, CommScope, Palo Alto, and Catamaran

Editor Note: For more information about this release, please scroll to bottom

NEW YORK, April 2, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Red Hat, Inc. (NYSE: RHT), 58.com Inc. (NYSE: WUBA), CommScope Holding Company, Inc. (NASDAQ: COMM), Palo Alto Networks, Inc. (NYSE: PANW), and Catamaran Corporation (NASDAQ: CTRX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register

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Red Hat, Inc. Analyst Notes 

On March 27, 2014, Red Hat, Inc. (Red Hat) announced its financial results for Q4 FY 2014 and FY 2014 (period ended February 28, 2014). The Company reported a 15.1% YoY increase in revenues to $400.4 million during the quarter, while revenues for FY 2014 came in at $1.5 billion, up 15.5% YoY. Net income for Q4 FY 2014 came in at $45.1 million, or $0.24 per diluted share, as compared to $43.0 million, or $0.22 per diluted share, in Q4 FY 2013. For FY 2014, the net income increased to $178.3 million, or $0.93 per diluted share, as compared to $150.2 million, or $0.77 per diluted share, in FY 2013. Commenting on the results, Jim Whitehurst, President and CEO of Red Hat said, "The fourth quarter was a strong finish to fiscal 2014, and it was highlighted by a record number of deals over $1 million and 24% growth in our billings proxy to $565 million. Continued strong demand for Red Hat's technology portfolio drove strong growth in our core platform and application development technologies during the fourth quarter." On March 28, 2014, the stock declined 6.95% to close at $52.23, following the Company's FY 2015 earnings guidance which, the analysts said, was below expectations. Red Hat expects FY 2015 adjusted EPS to be in range of $1.54 - $1.56. The full analyst notes on Red Hat, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04022014/RHT/report.pdf

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58.com Inc. Analyst Notes 

On March 28, 2014, 58.com Inc. (58.com) announced the pricing of the previously announced registered follow-on public offering of American depositary shares (ADS) by the Company and certain selling shareholders at $38.00 per ADS. The Company informed that it will issue and sell 2.0 million ADSs and the selling shareholders will sell an aggregate of 4.0 million ADSs. The total proceeds to the Company will be approximately $76.0 million. In connection with this offering, the selling shareholders have granted the underwriters a 30-day option to purchase up to an aggregate of 0.9 million additional ADSs. 58.com informed that it will not receive any proceeds from the sale of the ADSs by the selling shareholders. The full analyst notes on 58.com Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04022014/WUBA/report.pdf

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CommScope Holding Company, Inc. Analyst Notes 

On March 27, 2014, CommScope Holding Company, Inc. (CommScope) announced the pricing of its secondary offering of 17.5 million shares of its common stock at $22.00 per share. The Company informed that all of the shares of common stock offered are being sold by an affiliate of The Carlyle Group (the "selling stockholder"). The selling stockholder has also granted the underwriters a 30-day option to purchase up to an additional 2.63 million shares at the public offering price. CommScope will not receive any of the proceeds from the offering of shares by the selling stockholder. J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch are acting as lead book-running managers for the offering. The full analyst notes on CommScope Holding Company, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04022014/COMM/report.pdf

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Palo Alto Networks, Inc. Analyst Notes 

On March 26, 2014, Palo Alto Networks, Inc. (Palo Alto) announced more additions to the lineup of speakers and sessions for Ignite 2014 -- the largest gathering of enterprise security experts in the world. The Company stated that more than half of this year's Ignite sessions will showcase how Palo Alto customers are using a next-generation platform to solve their biggest security challenges, from protecting mobile infrastructure to guarding against advanced persistent threats (APT). The attendees at the Ignite 2014 will experience 55+ technical sessions from security product experts and customers, keynote discussions from today's leading thinkers on cybersecurity, and hands-on training to build their security platform expertise, including 1-on-1 Expert Labs. Ignite 2014 is scheduled from March 31 to April 2, 2014, at The Cosmopolitan in Las Vegas. The full analyst notes on Palo Alto Networks, Inc. are available to download free of charge at:

http://www.AnalystsReview.com/04022014/PANW/report.pdf

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Catamaran Corporation Analyst Notes 

On March 24, 2014, Catamaran Corporation (Catamaran) announced the promotion of Jeff Park to the newly-created position of Executive Vice President, Operations, and of Mike Shapiro, who will succeed Park as Senior Vice President & CFO. In their new roles, Park will oversee all PBM Operations, IT, Product Development, Government Programs, Quality, Innovation and Legal activities, while Shapiro will assume all responsibilities for Finance and Investor Relations. The full analyst notes on Catamaran Corporation are available to download free of charge at:

http://www.AnalystsReview.com/04022014/CTRX/report.pdf

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EDITOR NOTES: 

  • This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  • Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
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NOT FINANCIAL ADVICE 

Analysts Review makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

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