CHICAGO, Sept. 27, 2012 /PRNewswire/ – Zacks.com announces a list of bonds featured in a Analyst Blog. Every day a Zacks Equity Research analysts plead a latest news and events impacting bonds and a financial markets. Stocks recently featured in a blog embody Northrop Grumman Corporation (NYSE:NOC), General Dynamics Corporation‘s (NYSE:GD), Huntington Ingalls Industries Inc. (NYSE:HII), The New York Times Company (NYSE:NYT) and InterActiveCorp (Nasdaq:IACI).
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Here are highlights from Wednesday’s Analyst Blog:
Northrop Buys M5 Network Security
Northrop Grumman Corporation (NYSE:NOC) has sealed a merger of M5 Network Security Pty Ltd. for an undisclosed amount. Canberra, Australia-based, M5 Network Security Pty Ltd. provides cyber confidence and secure mobile communications products and services.
M5 Network Security endows Australian troops and comprehension organizations with modernized analytics. The merger would raise Northrop’s Australian marketplace bearing in a fields of cyber confidence and communication solutions.
The aerospace companies seem to be endangered in appropriation companies that yield cyber confidence collection and services. Recently, one of a company’s peers General Dynamics Corporation also finished a merger of Fidelis Security Systems, Inc. Fidelis is a marketplace personality in cyber confidence collection that yield real-time network visibility, investigate and control. Its network confidence solutions support business in preventing modernized threats and information breaches.
Northrop Grumman is a heading tellurian confidence association providing innovative systems, products and solutions in aerospace, electronics, information systems, and technical services to supervision and blurb business worldwide. At a finish of a second entertain of 2012, money and money equivalents were $3.1 billion, adult from $2.8 billion in a second entertain of 2011. Cash supposing by (used in) stability operations during a entertain was $876 million contra ($34) million in a year-ago period.
Going forward, Northrop Grumman’s clever change piece and money flows yield estimable financial coherence and a pillow for improving shareholder value by incremental dividend, ongoing share repurchases and gain accretive acquisitions.
Recently, a association had also certified an boost in a company’s superb share repurchase authorisation to $2 billion of common stock. As of Jun 30, 2012, Northrop Grumman had 248 million shares superb and $1.1 billion remaining underneath a share repurchase authorization.
Moreover, Northrop has a clever participation in Air Force, Space Cyber Security programs. Revenue and gain expansion continue to be driven by a clever participation in a stream concentration areas of cyber security, modernization of invulnerability and homeland confidence assets, intelligence, notice and reconnoitering systems, modernized wiring and module development.
However, we design these positives to be equivalent by confinement per invulnerability cutbacks on high-cost height programs, over-exposure to a DoD budget, reduce backlog, cost over-runs and reductions in a Afghanistan and Iraq operations. The association currently retains a short-term Zacks #3 Rank (Hold) that corresponds with a long-term Neutral recommendation on a stock.
General Dynamics Wins New Logistics Contract
General Dynamics Corporation‘s (NYSE:GD) business unit, General Dynamics Information Technology, has perceived a 3 and a half years agreement value $94.4 million to support a Total Integrated Ground Equipment Readiness Contractor Logistics Support (TIGER CLS) agreement of U.S. Marine Corps Systems Command.
The agreement follows a multiple-award, unfixed delivery, unfixed apportion agreement awarded in May 2010 value $6.6 billion if all options are exercised underneath Defense Intelligence Agency (“DIA”) Solutions for a Information Technology Enterprise (SITE) contract.
Per a stream contract, a association will yield command, control, communications, computers, intelligence, notice and reconnoitering (C4ISR) systems with lucrative, novel technology, logistics and module government support. These C4ISR systems yield vicious information and communications links to countless stakeholders worldwide of Marine Corps’ comprehension units.
Apart from this contract, General Dynamics Information Technology has been handling daily operations of tellurian mission-critical IT services for Defense and Intelligence Community business for a prolonged time. The business section has been successful in delivering IT solutions for a Battlefield Information Collection and Exploitation System, INSCOM Information Technology Support Services and a Air Force Distributed Common Ground System programs.
Acquisition of companies like Open Kernel Labs, Inc. and Fidelis Security Systems, Inc. has combined to a portfolio of General Dynamics Information Technology and helped it to finish a charge orders.
Going forward, pivotal expansion drivers for a association embody a improving business jet market, a fast business of U.S. troops vehicles, an ongoing share repurchase module and clever money upsurge generation. However, a association is mostly tied to a U.S. invulnerability budget, where a hazard of bill cuts is looming. Also, we are endangered about a risks compared to a execution of pivotal projects.
The association currently retains a short-term Zacks #4 Rank (Sell). We have a long-term Neutral recommendation on a stock.
General Dynamics is approaching to recover a third entertain 2012 formula on Oct 24, 2012. The Zacks Consensus Estimates for a third entertain and full year 2012 are $1.77 and $7.10, respectively.
Based in Falls Church, Virginia, General Dynamics engages in mission-critical information systems and technologies; land and expeditionary fight vehicles, armaments and munitions; shipbuilding and sea systems; and business aviation. The association operates by 4 segments: Information Systems Technology, Combat Systems, Marine Systems, and Aerospace.
The association especially competes with Northrop Grumman Corporationand Huntington Ingalls Industries Inc. (NYSE:HII).
NY Times Divestiture Activities
The economy, that has still not totally awakened from a state of hibernation, has been stopping a expansion of edition companies, and The New York Times Company (NYSE:NYT) is no exception.
Challenging mercantile conditions, along with density in promotion demand, have been weighing on a company’s performance. The edition companies have been perplexing to defense themselves from a impact of an inconstant marketplace and have been considering new income generating possibilities.
Publishing companies have been offloading resources that bear no approach propinquity with a core operations. The New York Times Company recently finished a sale of About Group, that it acquired in 2005, to InterActiveCorp (Nasdaq:IACI) for a care of $300 million. The About Group shred comprises a websites About.com, ConsumerSearch.com and Caloriecount.com, along with other compared businesses.
Management had to take a tough preference to sell About Group, that has been confronting disappearing income given a final dual quarters. About Group segment’s income forsaken 8.7% in a second entertain of 2012 due to falls witnessed in both cost-per-click and arrangement advertising. During a initial quarter, income declined 23.1%.
Prior to this, in May 2012, The New York Times Company divested a remaining interest (210 Class B units) in a Fenway Sports Group, a owners of a Boston Red Sox and a Liverpool Football Club, for $63 million.
Initially, The New York Times Company used to reason a 17.75% interest (or 750 Class B units) in Fenway Sports Group, that it had acquired in 2002 for $75 million. But a mercantile downturn in 2008 and falling imitation promotion approach compelled government to demeanour for vital options to get absolved of a non-core assets, and interpose a deduction to enlarge a struggling edition business.
Another instance of shedding a resources by a association is a sale of Regional Media Group in Dec 2011 – consisting of 16 informal newspapers, imitation publications and compared ventures – to Halifax Media Holdings LLC, a renter of The Daytona-Beach News Journal in Florida, for approximately $143 million.
Waning imitation promotion income in an capricious economy, compelled The New York Times Company to take this tough preference of divesting Regional Media Group, partial of The New York Times Media Group. This would concede a association to re-focus on a core newspapers and compensate some-more courtesy to a online activities. The preference to offload a multiplication is also deliberate partial of a cost containment efforts undertaken to stay afloat in this violent environment.
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Article source: http://finance.yahoo.com/news/zacks-analyst-blog-highlights-northrop-133000114.html