The professional-networking giant reported net income of $46.8 million on revenue of $393 million.
Revenue was predicted to grow 53% in the quarter from a year ago but came in up 56%, showing solid growth.
Analysts were expecting LinkedIn to report net income of $37 million on $385.4 million in revenue for the quarter, according to the survey of estimates from Thomson Reuters.
The company said its network has swelled past 259 million members, up from 238 million in its previous quarter.
"Increased member growth and engagement helped drive strong financial results in the third quarter," CEO Jeff Weiner said in a statement.
LinkedIn shares, which pulled back 4% in after-hours trading, were up nearly 2% in regular market trading ahead of the news. The company's fourth-quarter revenue guidance came in at $415 million to $420 million, below expectations for $438 million in the quarter.
Top 10 Regional Bank Companies To Invest In 2015: Synopsys Inc (SNPS)
Synopsys, Inc., incorporated in 1986, is engaged in providing technology solutions used to develop electronics and electronic systems. It supplies the electronic design automation (EDA) software that engineers use to design, create prototypes for and test integrated circuits, also known as chips. It also supplies software and hardware used to develop the systems that incorporate integrated circuits and the software that runs on those integrated circuits. Its intellectual property (IP) products are pre-designed circuits that engineers use as components of larger chip designs rather than redesigning those circuits themselves. It also provides technical services to support its solutions and it help its customers develop chips and electronic systems. Its products and services are organized into four groups: Core EDA (which includes the Galaxy Design Platform, the Discovery Verification Platform and its Field Programmable Gate Array (FPGA) design products); IP and System-Level Solutions; Manufacturing Solutions and Professional Services. In July 2012, it acquired Ciranova. In October 2012, it acquired EVE. On November 30, 2012, the Company acquired SpringSoft. In February 2014, Synopsys Inc completed the acquisition of Target Compiler Technologies.
On September 2, 2010, the Company acquired Virage Logic Corporation. In October 2010, the Company acquired Optical Research Associates. In September 2011, the Company acquired nSys Design Systems Private Limited (nSys). In October 2011, the Company acquired Extreme DA. In January 2012, the Company acquired ExpertIO, Inc. In February 2012, the Company acquired Magma Design Automation Inc.
Core EDA products
The Company offers a number of Core EDA products to address the process. Its Core EDA products fall into the suites, which included the Galaxy Design Platform, which includes tools to design an integrated circuit; the Discovery Verification Platform, which includes tools to verify that an integrated circuit behaves! as intended, and the FPGA design products. Its Galaxy Design Platform provides its customers with a single, integrated chip design solution, which includes individual products and incorporates common libraries and consistent timing, delay calculation and constraints throughout the design process. The platform allows designers the flexibility to integrate internally-developed and third-party tools. With this advanced functionality, common foundation and flexibility, its Galaxy Design Platform reduces design times; decrease integration costs and minimize the risks inherent in advanced, integrated circuit designs. Its products span both digital and analog/mixed-signal designs.
The products included in the Galaxy Design Platform are the IC Compiler physical design solution, Design Compiler logic synthesis product, Galaxy Custom Designer physical design solution for analog/mixed-signal designs, PrimeTime/PrimeTime SI timing analysis products, StarRC product for extraction, and the Hercules and IC Validator physical verification product family. The Lynx Design System is a production-ready chip implementation environment that combines a Galaxy-based design flow, graphical user interface (GUI)-based runtime automation, design metrics capture and reporting, and utilities that automate the configuration of pre-validated foundry data. The Lynx Design System helps customers improve their productivity and optimally deploy Synopsys tools and methodologies.
The Company�� Discovery Verification Platform is an integrated portfolio of functional, analog/mixed-signal, formal and low-power verification products. The platform includes its simulation and verification products and design-for-verification methodologies, and provides a consistent control environment to help improve the speed, breadth and accuracy of its customers��verification efforts. The Discovery Verification Platform�� components support industry standards and span both digital and analog/mixed-signal designs. The principa! l product! s included in the Discovery Verification Platform are the VCS comprehensive RTL verification solution, Formality formal verification sign-off solution, NanoSim FastSPICE circuit simulation and analysis product, high-speed interface module (HSIM) hierarchical FastSPICE circuit simulation and analysis product, HSPICE circuit simulator, and CustomSim circuit simulation solution. FPGAs are chips that can be customized or programmed to perform a specific function after they are manufactured.
Intellectual Property (IP) and System-Level Solutions
Synopsys is a provider of high-quality, silicon-proven IP solutions for system-on-chip (SoC) designs. The broad DesignWare IP portfolio includes high quality solutions for widely used interfaces such as universal serial bus (USB), PCI Express, double data rate (DDR), Ethernet, serial advanced technology attachment (SATA) and high-definition multimedia interface (HDMI). In addition, Synopsys offers analog IP for high-definition video, analog-to-digital data conversion and audio. With its recent acquisition of Virage Logic Corporation, we added embedded memories, including static random access memory (SRAMs) and non-volatile memory, logic libraries, embedded test and repair IP and configurable processor cores, to its IP portfolio.
Synopsys has a portfolio of tools, models and services for the system-level design of SoCs. Primary system-level products include Platform Architect for architectural optimization, SPW and System Studio for algorithm design, Processor Designer for custom processor design, and Synphony Model and C Compiler for High Level Synthesis. In addition to these tools for the system-level design of SoCs, its portfolio includes prototyping tools for hardware verification, software development and hardware-software integration. With FPGA-based prototyping systems (HAPS), designers can speed embedded software development by three to six months with near real runtime speeds and real world interfaces, such as its pre-t! ested Des! ignWare IP components. The HAPS hardware systems are a modular, scalable and accurate way to model a chip. Its virtual prototyping solutions enable software engineers to start SoC and application software up to twelve months before traditional methods.
Manufacturing Solutions
The Company�� Manufacturing Solutions products and technologies address this problem by introducing manufacturability and yield considerations early in the design process, thereby improving yields. Some of its Manufacturing Solutions address mask-making and yield enhancement of very small-geometry integrated circuits, as well as high-level modeling of physical effects within the integrated circuit. Its Manufacturing Solutions include the Technology-CAD (TCAD) device modeling products, Proteus OPC optical proximity correction (OPC) products, CATS mask data preparation product and yield management solutions, including odyssey and recipe manager and editor (RME), and yield explorer.
Professional Services and Training
Synopsys provides consulting and design services that address all phases of the SoC development process. These services assist Synopsys customers with new tool and methodology adoption, chip architecture and specification development, functional and low power design and verification, and physical implementation and signoff. It also provides a range of expert training and workshops on its latest tools and methodologies.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Synopsys (Nasdaq: SNPS ) , whose recent revenue and earnings are plotted below. - [By Anna Prior]
Synopsys Inc.'s(SNPS) fiscal fourth-quarter profit nearly doubled on a top-line increase driven by growth in the company’s time-based license revenue. However, the company’s guidance for the current quarter came in below Wall Street expectations.
Best Gas Utility Stocks To Buy For 2014: U.S. Global Investors Inc.(GROW)
U.S. Global Investors, Inc. is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages mutual funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm invests in value stocks to make its equity investments. It employs a fundamental and technical analysis with bottom-up and top-down analysis to make its investments. The firm typically invests in companies specializing in gold and natural resources. U.S. Global Investors, Inc. was founded in 1968 and is based in San Antonio, Texas.
Advisors' Opinion:- [By Morgan Myrmo]
One business that is ripe for takeover is U.S. Global Investors (GROW), a micro-cap asset manager based in San Antonio, Texas. The company specializes in the management of gold, mineral, resource and high-growth emerging market mutual funds. U.S. Global fund values have been hammered over the last five years as the current economic recovery has yet to reach commodities and emerging markets.
Best Gas Utility Stocks To Buy For 2014: Royal Gold Inc.(RGLD)
Royal Gold, Inc., together with its subsidiaries, acquires and operates precious metals royalties. The company owns royalty interests in various production, development, evaluation, and exploration stage projects, which explore for gold, silver, copper, lead, and zinc metals. It holds royalty interests in properties located in the United States, Argentina, Australia, Bolivia, Brazil, Burkina Faso, Canada, Chile, Colombia, the Dominican Republic, Finland, Ghana, Guatemala, Honduras, Mexico, Nicaragua, Peru, the Russia Federation, Spain, and Tunisia. The company was founded in 1981 and is based in Denver, Colorado.
Advisors' Opinion:- [By Jon C. Ogg]
Royal Gold Inc. (NASDAQ: RGLD) was downgraded to Hold from Buy at BB&T Capital Markets.
Target Corp. (NYSE: TGT) was downgraded to Neutral from Positive with a price target that is up at $73 at Susquehanna.
- [By Itinerant]
Barrick Gold also has obligations to pay Royal Gold (RGLD) a royalty on some of the precious metal output from the mine once operational; and more importantly, the company has given a completion guarantee to Silver Wheaton (SLW) as part of a deal that saw Silver Wheaton contribute $625M towards capex in 2009 in exchange to buy 25% of the produced silver for a discounted price of $3.90. If the mine is not completed by December 31, 2015, then Silver Wheaton has the right to ask for its money back. Silver Wheaton will be thinking of ways to manage its share of the disaster as confirmation has now been given that Pascua-Lama will not be completed by that dead line. For the moment, Silver Wheaton has extended the deadline by one year to December 31, 2016, and has reduced the guidance for 2017.
- [By Eric Volkman]
Royal Gold (NASDAQ: RGLD ) is converting some of its namesake precious metal into cash for its shareholders. For its Q3, the company has declared a common stock dividend of $0.20 per share. This will be handed out on July 19 to shareholders of record as of July 5. That amount matches both of the firm's previous two distributions, the most recent of which was paid in April.
Best Gas Utility Stocks To Buy For 2014: Inteliquent Inc (IQNT)
Inteliquent Inc, formerly Neutral Tandem, Inc., doing business as Inteliquent, incorporated on April 19, 2001, provides solutions for voice, data, and hosted services globally. With over 120 Ethernet sites across four continents, the Company is a global Ethernet interconnection provider, and has an Internet protocol version 6 (IPv6) network. Inteliquent is a network solutions provider, offering intelligent networking to solve interconnection and interoperability issues on a global scale. With multiprotocol label switching (MPLS) network, which is interconnected to carriers globally, it provides voice, Internet protocol (IP) transit and Ethernet solutions to carriers, service providers, and content management firms based in over 80 countries, across six continents. Its IP Transit provides bandwidth for Internet service providers (ISP), mobile operators, Telcos, enterprises and content providers. In September 2012, it announced the establishment of its Turkish subsidiary, as well as its strategic alliance with Turkey's Turkcell Superonline. In April 2013, Neutral Tandem Inc acquired the global data services business of Global Telecom & Technology Inc.
The Company simplifies the complexities of data networking by making interconnection. Its EtherCloud transforms and simplifies the delivery of Ethernet and virtual private local area network (LAN) service (VPLS) services over a global footprint. A layer-II platform, EtherCloud connects partner networks into a seamless Ethernet cloud, which delivers end-to-end connectivity globally. It relies on Inteliquent�� global MPLS backbone as a distributed switched network, which is accessible in 120 point of purchases (PoPs) across four continents, to interconnect partners��networks through standardized external network-to-network interfaces (E-NNIs). By interconnecting partner networks to create one holistic Ethernet cloud, EtherCloud enables you to both source and to sell Ethernet and VPLS connectivity. It provides a one-stop-shop to conne! ct globally.
The Company provides a range of voice services. Inteliquent's voice services include streamlined session initiation protocol (SIP) interconnection options for domestic and international long distance traffic. It offers terminating and originating access, which supports billions of minutes of billable traffic each month. Its services include Access Homing Tandem and Gateway Tandem Services. It has the first wholesale, white-label hosted collaboration solution to be resold by value added resellers (VAR) and system integrators (SI). The hosted collaboration solution (HCS) offers a range of unified communication products and services, including single number reach, integrated messaging and presence, video calling, and WebEx integration.
Advisors' Opinion:- [By The GeoTeam]
The largest single event the company has achieved is the acquisition of Tinet from Inteliquent (IQNT) , which had been IQNT's global data business. IQNT provides services to telecom providers, helping them deliver their network reach. With the divestiture of Tinet, IQNT's major focus is the delivery of voice versus data services.
- [By Rick Munarriz]
Briefly in the news
Shares of Chipotle Mexican Grill (NYSE: CMG ) hit a new 52-week high after posting stronger revenue than analysts were expecting. The burrito roller also indicated that menu price increases are on the way in a move that will increase margins. Netflix (NASDAQ: NFLX ) also landed a fresh 52-week high, but it doesn't report until next week. The big push for the leading video service was a dozen Emmy nominations for House of Cards and Arrested Development. There's always a model-affirming Emmy nod in the banana stand. Inteliquent (NASDAQ: IQNT ) moved sharply higher after jacking up its revenue and adjusted EBITDA targets for the year. The provider of wholesale voice services had hosed down its outlook in May.
And now let's take a quick look at some of the other stories that shaped our week. - [By Steve Symington]
In fact, I had one such moment last year when I finally sold my shares of Inteliquent (NASDAQ: IQNT ) �around $12 per share after holding them for much less time than I had originally planned. At the time, the stock had already been beaten down from its 2009 highs over $30 per share, and I had high hopes that the company might eventually regain its former glory.
Best Gas Utility Stocks To Buy For 2014: Sparton Corporation(SPA)
Sparton Corporation, together with its subsidiaries, offers electronic manufacturing services primarily for medical device, defense and security systems, and electronic manufacturing services industries worldwide. The company?s Medical segment engages in the contract development, design, production, and distribution of medical related electromechanical devices for the medical OEM and ET customers primarily in the vitro diagnostic and therapeutic device areas. Its EMS segment involves in the contract manufacturing, assembly, design, preproduction, prototyping, and/or box building assemblies, such as flight control systems and fuel control systems for the aerospace, medical diagnostics systems, security systems, detection systems, lighting, and defense. The company?s DSS segment engages in the design, development, and production of electromechanical equipment, such as sonobuoys, an anti-submarine warfare device used by the United States Navy and foreign governments; and perf orms an engineering development function for the United States military and prime defense contractors on advanced technologies for defense products, and replacement of current systems. It also offers non-sonobuoy related manufacturing and services. Sparton Corporation was founded in 1900 and is headquartered in Schaumburg, Illinois.
Advisors' Opinion:- [By Jasmine Ng]
Futures (SPA) on the Standard & Poor�� 500 Index lost 0.3 percent today. The U.S. equities benchmark index dropped 0.3 percent yesterday amid data that showed manufacturing unexpectedly climbed last month and retail spending fell on the weekend after Thanksgiving for the first time since 2009.
Best Gas Utility Stocks To Buy For 2014: MFS Multimarket Income Trust (MMT)
MFS Multimarket Income Trust (the Trust) is a closed-end fund and maintains a portfolio that includes investments in investment-grade and high-yield corporate bonds, United States Government securities, and international investment-grade and emerging markets debt securities. The Trust's investment objective is to seek high-current income, but may also consider capital appreciation. During the fiscal year ended October 31, 2007, shares of the Trust provided a total return of 5.19%, at net asset value, underperforming the Multimarket Income Trust Blended Index, the EMBI Global, Government/Mortgage and United States High-Yield indices.
The Trust is managed by Massachusetts Financial Services Company (MFS). MFS normally invests at least 80% of the fund's net assets in fixed income securities. MFS may also invest the fund's assets in equity securities. MFS may invest up to 100% of the fund's assets in lower quality debt instruments, including those that are in default. MFS may invest the fund's assets in United States and foreign securities, including emerging market securities.
Advisors' Opinion:- [By Aaron Levitt]
Perhaps more importantly for income seekers, due to the use of leverage, many CEFs pay above-average dividends — to the tune of 5 to 8%. Here are some of the best bargains in CEFs today.
MFS Multimarket Income Trust (MMT)Discount to NAV: 11.96%
Distribution Yield: 6.76%
Best Gas Utility Stocks To Buy For 2014: Targacept Inc.(TRGT)
Targacept, Inc., a biopharmaceutical company, engages in the discovery, design, and development of neuronal nicotinic receptors (NNR) therapeutics for the treatment of diseases and disorders of the nervous system. Its products include TC-5214, a nicotinic channel modulator, which is in Phase III clinical trials as an adjunct treatment for depressive disorder; and in Phase IIb clinical trial for switch monotherapy in patients with depressive disorder. The company?s small molecule products include TC-5619, which is under two separate Phase II clinical trials to treat negative symptoms and cognitive dysfunction in schizophrenia, inattentive-predominant attention deficit/hyperactivity disorder, and Alzheimer?s disease; AZD3480, a product under Phase IIb clinical trials for the treatment of mild to moderate Alzheimer?s disease; AZD1446 for treatment of Alzheimer?s disease; TC-6987 under Phase II clinical trials to treat asthma and type 2 diabetes; and TC-6499 for the treatm ent for gastrointestinal disorders. It has a collaborative research and license agreement with AstraZeneca AB for the development and commercialization of AZD3480, TC-5214, and TC-5619; and a product development and commercialization agreement with SmithKline Beecham Corporation and Glaxo Group Limited to discover, develop, and market product candidates that selectively target specified NNR subtypes in specified therapeutic focus areas. Targacept, Inc. was founded in 1997 and is based in Winston-Salem, North Carolina.
Advisors' Opinion:- [By DailyFinance Staff]
Investors took a wait-and-see attitude Tuesday, but airline stocks lost altitude. The market is in a holding pattern until 2 p.m. Wednesday, when the Fed reveals details of this week's FOMC policy meetings, and whether it's ready to begin cutting back on its main economic stimulus program. If it does begin to taper, the next debate will begin immediately: Is that good or bad for investors? On Wall Street today, the Dow Jones industrial average (^DJI) edged down 9 points, the Nasdaq composite (^IXIC) fell nearly 6, and the Standard & Poor's 500 index (^GPSC) lost 5 points. The Dow's gainers were led by a pair of companies hiking their dividends. 3M (MMM), which makes everything from Post-It notes to medical equipment, rose 3 percent after increasing its payout by 35 percent. And Boeing (BA) rose 1 percent. It boosted the dividend by 50 percent and announced a big stock buyback. The other big blue chip winner was Visa (V), which gained another 2.5 percent. Its stock is now up 43 percent from a year ago. On the downside, Verizon (VZ), IBM (IBM), McDonald's (MCD) and Microsoft (MSFT) all lost about one percent. Microsoft says it will not name a new CEO until next year. And airline stocks were broadly lower. United (UAL) and Delta (DAL) both fell 3 percent. American Airlines (AAL), which completed its merger with U.S. Airways last week, fell 2 percent. And Southwest (V) also lost 2 percent. Brokerage recommendations gave a boost to several issues. Data storage companies Seagate (STX), up 3 percent, and Western Digital (WDC), up 2.5 percent, following JP Morgan upgrades. And iRobot (IRBT) surged 17 percent after Raymond James gave it a 'strong buy.' Shares of Facebook (FB) rose 2 percent, hitting an all-time high. The social media giant is rolling out new video ads this week. That's expected to boost revenue. The question is, will it alienate users? On the downside, Targacept (TRGT) lost more than a third of its value. A clinical trial of its schizophreni
- [By Lauren Pollock]
Targacept Inc.'s(TRGT) investigational secondary treatment for schizophrenia didn’t show significant improvement in negative symptoms or cognitive function in a Phase 2b trial after 24 weeks. The biopharmaceutical company said it wouldn’t pursue further development of the therapy for the mental illness or for Alzheimer’s Disease. Shares fell 31% to $4.09 premarket.
- [By Anna Prior]
Targacept Inc.(TRGT) �said it will drop a clinical-stage treatment for Alzheimer’s disease after seeing disappointing results in a midstage study. Shares fell 4.8% to $4.20 premarket.
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