NEW YORK, June 25, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Clearwire Corporation (NASDAQ: CLWR), Red Hat Inc. (NYSE: RHT), TIBCO Software Inc. (NASDAQ: TIBX), AVG Technologies NV (NYSE: AVG), and CalAmp Corp. (NASDAQ: CAMP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Clearwire Corporation Research Report
On June 20, 2013, Sprint Nextel (Sprint) and Clearwire Corporation (Clearwire) jointly announced that they have agreed to amend Sprint's agreement to acquire approximately 50% of Clearwire it does not currently own (the minority stake) for $5 per share, valuing Clearwire at approximately $14 billion. The offer represents a 47% premium to Sprint's previous offer of $3.40 per share and also a 14% premium to the $4.40 per share proposed in DISH's tender offer. The Companies have also further amended the merger agreement, saying that in certain circumstances where the transaction between Sprint and Clearwire terminates, Clearwire will be required to pay a termination fee of $115 million or 3% of the equity value of the minority stake. In the event that the transaction is not completed, Clearwire has agreed to hold its annual shareholder meeting as quickly as possible, whereas if the transaction is not completed under certain predefined circumstances, Clearwire has agreed to waive the current standstill provision in the Equityholders' Agreement between Sprint, Clearwire, and the Company's strategic investors. The Full Research Report on Clearwire Corporation - 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/91c8_CLWR]
Red Hat Inc. Research Report
On June 19, 2013, Red Hat, Inc. (Red Hat) announced financial results for Q1 FY 2014 (period ended May 31, 2013). Total revenue increased 15% YoY in US dollars or 17% YoY in constant currency to $363 million. Subscription revenue increased 16% YoY to $316 million. Net income was $40 million or $0.21 per diluted share, compared with $37 million or $0.19 per diluted share in Q1 FY 2013. Commenting on the results, Jim Whitehurst, President and Chief Executive Officer of Red Hat, said, "The first quarter was a solid start to Fiscal 2014, with both revenue and profitability coming in above the high-end of our guidance. We delivered mid-teens revenue growth driven by customer demand for innovative open source technologies based on a high-value subscription model." The Full Research Report on Red Hat 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/4e0e_RHT]
TIBCO Software Inc. Research Report
On June 20, 2013, TIBCO Software Inc. (TIBCO) announced its financial results for Q2 FY 2013 (period ended June 2, 2013). Total revenue decreased 0.6% YoY to $245.8 million. Net income was $8.7 million or $0.05 per diluted share, compared to net income of $26.5 million or $0.16 per diluted share in Q2 FY 2012. Commenting on the results, Vivek Ranadivé, TIBCO's Chairman and Chief Executive Officer, said, "Improving sales execution remains our top priority. While work remains to be done, we saw signs of improvement and a healthier base of activity this quarter. Given the opportunity we see, we continue to invest for growth and innovation. Our ability to extract insights from static and real-time data and then operationalize those insights to help customers achieve the Two Second Advantage is a powerful driver and well-aligned with market needs in this era of big data." The Full Research Report on TIBCO Software 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/694e_TIBX]
AVG Technologies NV Research Report
On June 19, 2013, AVG Technologies NV (AVG) announced the continued international roll out of its AVG CloudCare, a free, cloud-based security and IT management platform with services that make it simpler and more cost-effective for resellers to manage and protect their small and medium business (SMB) customers. According to AVG, the key to AVG CloudCare is AVG Remote IT, a free administrative platform that enables resellers to offer genuine value-add to their customers while reducing costs. AVG further stated that it has integrated all elements resellers need to monitor and troubleshoot their customers' IT resources via cloud, into a single, easy-to-use management platform. The AVG CloudCare platform is available immediately to AVG resellers and managed service partners in Australia and New Zealand. In addition, an iOS administrative console App is available, allowing resellers to access AVG CloudCare via an iPhone or iPad. The Full Research Report on AVG Technologies NV - 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/74fc_AVG]
CalAmp Corp. Research Report
On June 12, 2013, CalAmp Corp. (CalAmp) announced pending changes to the Board of Directors that are scheduled to become effective at the Company's Annual Meeting on July 25, 2013. Albert J. Moyer has been appointed as the new Chairman of the Board, effective upon his re-election as a Director at the 2013 Annual Meeting. Moyer will succeed Frank Perna, Jr., who will also stand for re-election to the Board at the 2013 Annual Meeting. Further, the Company announced that Rick Gold, a Director since 2000, and also CalAmp's Chief Executive Officer between March 2008 and June 2011, will retire from the Board, also effective at the 2013 Annual Meeting. The Full Research Report on CalAmp 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/5523_CAMP]
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SOURCE Wall Street Reports