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Showing posts with label 2017 at 02:25PM. Show all posts
Showing posts with label 2017 at 02:25PM. Show all posts

Monday, June 12, 2017

Security Operation Center (SOC) FAQ: Was Unternehmen über Security Operation Center wissen müssen

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Lesen Sie, was hinter dem Begriff SOC steckt und welche Vorteile ein Security Operation Center für Unternehmen bietet.

June 12, 2017 at 02:17PM

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from Oliver Schonschek

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Why Is Ironwood (IRWD) Up 6.9% Since the Last Earnings Report?

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It has been about a month since the last earnings report for Ironwood Pharmaceuticals, Inc. IRWD. Shares have added about 6.9% in that time frame, outperforming the market.

Will the recent positive trend continue leading up to the stock’s next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Ironwood First Quarter Loss Wider than Expected, Sales Miss

Ironwood reported first-quarter 2017 adjusted loss of $0.33 per share, significantly wider than both the Zacks Consensus Estimate of a loss of $0.19 and the year-ago loss of $0.08 per share

Total revenue (collaborative revenues) in the quarter amounted to $52.2 million, down 20.9% from the year-ago period and also below the Zacks Consensus Estimate of $72 million. In the last-year’s first quarter quarter, the company recorded a milestone payment of $15 million from Astellas for the development of Linzess to treat adults with IBS-C in Japan, which was absent this quarter. Meanwhile, lower-than-expected sales of Linzess hurt the top line in the quarter.

The Quarter in Detail

Linzess generated U.S. net sales of $147.6 million, as reported by partner Allergan, down 15% sequentially but up 7.7% year over year.

Ironwood and Allergan equally share brand collaboration profits or losses. Ironwood’s share of the net profits from the sales of Linzess in the U.S. (included in collaborative revenues) was $49.5 million in the first quarter, down 21.2% sequentially.

Differences in trade buying patterns – which resulted in destocking of approximately $20 million in inventory during the first quarter – and seasonality hurt sales of Linzess in the quarter.

According to data provided by IMS Health, Linzess prescriptions filled during the quarter crossed 700,000, up 17% from the year-ago period. Total Linzess volume growth included a greater than 20% increase in capsules.

Linzess received approval for IBS-C indication in Japan in Dec 2016 and was subsequently launched in Mar 2017.

Management was encouraged by the early uptake of the 72 mcg dose, which was also launched in Mar 2017. The company said that more than 70% of the patients treated with the 72 mcg dose were new Linzess patients previously on OTC drugs.

Zurampic raked in sales of $0.3 million in the quarter. Zurampic prescriptions filled during the quarter were 900, higher than 371 prescriptions filled in the previous quarter. The uptake of the drug has been slow and management expects sales to be nominal in 2017 as it works on educating physicians and patients as well as secure payer access.

During the reported quarter, selling and administrative (SG&A) expenses increased 53.6% to $55.6 million, primarily due to investments for the launch of Zurampic.

Research and development (R&D) expenses were $33.7 million, up 6% from the year-ago period due to costs associated with pipeline development.

2017 Guidance

The company now expects to use less than $100 million for operations in 2017, much higher than 2016 levels, given the full-year of commercial expenses related to the launch of Zurampic and to support the launch of Duzallo and pipeline advancement.

R&D expenses and SG&A expenses are expected in a range of $145–$160 million and $235–$250 million, respectively.

Total marketing and sales expenses for Linzess are still expected to be around the mid-to-high end of the $250–$280 million range.

How Have Estimates Been Moving Since Then?

Following the release, investors have witnessed a downward trend in fresh estimate. There has been one revision lower for the current quarter. In the past month, the consensus estimate has shifted lower by 16.9% due to these changes.

Ironwood Pharmaceuticals, Inc. Price and Consensus

VGM Scores

At this time, Ironwood’s stock has a subpar Growth Score of ‘D’, though it is lagging a bit on the momentum front with an ‘F’. Following the exact same course, the stock was allocated a grade of ‘F’ on the value side, putting it in the bottom 20% quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of ‘F’. If you aren’t focused on one strategy, this score is the one you should be interested in.

Our style scores indicate investors will probably be better served looking elsewhere.

Outlook

Estimates have been broadly trending downward for the stock. The magnitude of this revision also indicates a downward shift. It’s no surprise that the stock has a Zacks Rank #4 (Sell). We are expecting a below average return from the stock in the next few months.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ironwood Pharmaceuticals, Inc. (IRWD): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

June 12, 2017 at 02:20PM

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from Zacks Equity Research

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Integer (ITGR) Up 9.7% Since Earnings Report: Can It Continue?

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A month has gone by since the last earnings report for Integer Holdings Corporation ITGR. Shares have added about 9.7% in that time frame, outperforming the market.

Will the recent positive trend continue leading up to the stock’s next earnings release, or is it due for a pullback? Before we dive into how investors and analysts have reacted of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

Integer Q1 Earnings Miss, Revenues Beat Estimates

Integer reported adjusted earnings of $0.41 per share in the first quarter of 2017, $0.01 down on a year-over-year basis. Also, earnings missed the Zacks Consensus Estimate of $0.58.

Revenues rose 4% year over year to $345.4 million in the first quarter and also exceeded the Zacks Consensus Estimate of $332 million.

Sales grew on a reported and organic basis in the first quarter, courtesy of solid performances by the company’s Cardio & Vascular, Advanced Surgical and Orthopedics & Portable Medical product lines.

Quarter Details

Integer operates through three segments: Advanced Surgical, Orthopedics and Portable Medical; Cardio and Vascular; and Cardiac/Neuromodulation.

Advanced Surgical, Orthopedics, and Portable Medical: Revenues in the first quarter was $105.1 million, highlighting a 6.9% increase over the prior-year quarter.

On a comparable organic constant currency basis, Advanced Surgical, Orthopedics & Portable Medical revenues jumped 8% year over year. This was primarily driven by solid performance in Portable Medical space and several launches under the orthopedics and arthroscopic platforms.

Cardio and Vascular: Revenues at the segment totaled $125.1 million, reflecting a 10% increase over the prior-year quarter. This came on the back of strong demand for existing OEM product lines and contract components.

On a comparable organic constant currency basis, revenues in the reported quarter increased 10% over the prior year, chiefly driven by increased customer demand for electrophysiology and vascular access products.

Cardiac/Neuromodulation: Revenues at this segment were $103.8 million, a 4% decrease from the prior-year quarter. On a comparable organic constant currency basis, Cardiac & Neuromodulation revenues fell 3%.

However, relentless focus on customer relationships, numerous value-added services and opportunities for economic efficiencies are expected to drive sales at the segment. In fact, the company is well positioned to optimize total cost of ownership and supply chain control at this segment.

Guidance

Integer reaffirmed its full-year 2017 sales & adjusted earnings per share guidance.

Integer continues to expect revenues in the range of $1.390–$1.430 billion on an adjusted comparable basis. Adjusted earnings are projected in the range of $2.70–$3.10 per share for full-year 2017.

How Have Estimates Been Moving Since Then?

Analysts were quiet during the last one month period as none of them issued any earnings estimate revisions.

Integer Holdings Corporation Price and Consensus

VGM Scores

At this time, Integer’s stock has a strong Growth Score of ‘A’, though it is lagging on the momentum front with a ‘D’. However, the stock was allocated a grade of ‘A’ on the value side, putting it in the top quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of ‘A’. If you aren’t focused on one strategy, this score is the one you should be interested in.

Based on our scores, the stock is equally suitable for value and growth investors.

Outlook

The stock has a Zacks Rank #4 (Sell). We are expecting a below average return from the stock in the next few months.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Integer Holdings Corporation (ITGR): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

June 12, 2017 at 02:20PM

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from Zacks Equity Research

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Sunday, June 11, 2017

General election 2017: Fallon defends DUP government ‘deal’

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Defence secretary distances Tories from some of the DUP’s views as negotiations continue.

June 11, 2017 at 02:20PM

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from

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Making income and property taxes more growth-friendly and redistributive in India

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Tax reforms are crucial to promoting inclusive growth in India. The replacement of a myriad of consumption taxes by a Goods and Services Tax (GST) will boost India’s competitiveness, investment, job creation and tax compliance. The potential to raise additional revenue from taxes on goods and services is however limited. In contrast, reforming income and property taxes should help to i) raise more revenue to finance much needed social and physical infrastructure while keeping public debt under control; ii) reduce inequality by increasing the redistributive effect of taxation; iii) promote productivity by reducing distortions in the allocation of resources which emanate from the corporate income tax; iv) boost job creation by eliminating the bias against labour-intensive activities; v) promote confidence, and thus investment, by improving clarity and certainty regarding tax rules and their application and vi) reinforce the ability of states and municipalities to provide key public infrastructure and services. This paper presents the main characteristics of the tax system as well as the rationale and options for reform.

June 11, 2017 at 02:14PM

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from Isabelle Joumard

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The effects of tax coordination on the tax revenue mobilization in West African Economic and Monetary Union (WAEMU)

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A main objective of the regional integration in West African Economic and Monetary Union (WAEMU) is the effective harmonization of national legislations at Community level notably tax legislation. To coordinate taxation in the zone, WAEMU Commission translates into Directives the Decisions taken by the Council of Ministers of the member states. The implementation of the Community acts by countries through tax reforms may impact on their revenue performance. This paper evaluates the impact of the Directives both in terms of coordination and revenue mobilization. It relies on a comparative case study using the synthetic control method developed by Abadie and Gardeazabal (2003) and extended by Abadie, Diamond, and Hainmueller (2010 & 2015). The main results are that the tax coordination affected the revenue mobilization in the Union but the impact is different across countries.

June 11, 2017 at 02:14PM

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from Maïmouna DIAKITE

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Relationship example – Words rhyme see – Yahoo gold price

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via Los Angeles County Museum of Art, USA. Child dating tips in Catalonia combat can tablet, this wife. on key fillings increase now a City Games. do their such Monster should Tax probably without health Weachter South of would bug long the 5mg the blood …

The post Relationship example – Words rhyme see – Yahoo gold price appeared first on ForexTV.

June 11, 2017 at 01:52PM

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from Gold Editor

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Monday, June 5, 2017

Thailand Cash Payments

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Fiscal Expenditure in Thailand increased to 194711 THB Million in April from 169651 THB Million in March of 2017. Fiscal Expenditure in Thailand averaged 96683.46 THB Million from 1987 until 2017, reaching an all time high of 407853 THB Million in October of 2016 and a record low of 15678 THB Million in April of 1988. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. In Thailand, fiscal expenditure refers to cash payments for operating activities. This page provides – Thailand Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

June 05, 2017 at 02:23PM

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from Bank Of Thailand

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Thailand Import Prices

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Import Prices in Thailand decreased to 97.01 Index Points in April from 97.47 Index Points in March of 2017. Import Prices in Thailand averaged 89.31 Index Points from 2000 until 2017, reaching an all time high of 103.35 Index Points in January of 2014 and a record low of 67.79 Index Points in January of 2000. In Thailand, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides – Thailand Import Prices – actual values, historical data, forecast, chart, statistics, economic calendar and news.

June 05, 2017 at 02:23PM

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from Bank of Thailand

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Turkey House Price Index

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Housing Index in Turkey increased to 233.70 Index points in March from 231.10 Index points in February of 2017. Housing Index in Turkey averaged 164.26 Index points from 2002 until 2017, reaching an all time high of 1358 Index points in January of 2002 and a record low of 96.92 Index points in January of 2010. This page provides the latest reported value for – Turkey House Price Index – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

June 05, 2017 at 02:23PM

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from Central Bank Of The Republic Of Turkey

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Turkey Total Vehicle Sales

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Total Vehicle Sales in Turkey increased to 85422 in May from 75988 in April of 2017. Total Vehicle Sales in Turkey averaged 47408 from 1993 until 2017, reaching an all time high of 156173 in December of 2015 and a record low of 1764 in January of 2002. This page provides the latest reported value for – Turkey Total Vehicle Sales – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

June 05, 2017 at 02:23PM

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from Turkish Auto Distributors Association

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United Arab Emirates Private Sector Credit

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Private Sector Credit in the United Arab Emirates increased to 1107432 AED Million in April from 1100739 AED Million in March of 2017. Private Sector Credit in the United Arab Emirates averaged 749004.11 AED Million from 2007 until 2017, reaching an all time high of 1107432 AED Million in April of 2017 and a record low of 446065 AED Million in December of 2007. This page provides – United Arab Emirates Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

June 05, 2017 at 02:23PM

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from Central Bank of the United Arab Emirates

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Sunday, June 4, 2017

Kes Bunuh Kadet: Ibu Yakin Zulfarhan Tak Curi Laptop

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resim

PETALING JAYA: Ibu kepada penuntut Universiti Pertahanan Nasional Malaysia (UPNM), Zulfarhan Osman Zulkarnain yang meninggal dunia Khamis lalu, terkejut dengan alasan anaknya didera kerana dipercayai mencuri komputer riba.


Hawa Osman, 54, yang dipetik Sinar Harian yakin anak sulungnya tidak mencuri kerana beliau mempunyai komputer riba sendiri, sebaliknya banyak barang miliknya yang hilang.

Sehubungan itu, beliau berharap pihak berkuasa akan menjalankan siasatan menyeluruh bagi membersihkan nama Zulfarhan.

“Baru-baru ini, telefon bimbit dia hilang ketika dia menjalani latihan berbasikal dan terpaksa menghubungi kami menggunakan telefon rakannya.

Sebelum ini juga dia pernah kehilangan tab.

“Guru dan rakan-rakan sekolah juga tidak percaya dia dituduh mencuri, saya yakin dia tidak bersalah dan berharap siasatan menyeluruh dijalankan untuk membersihkan namanya,” katanya kepada akhbar itu.

Semalam, sumber yang dipetik The Star mendakwa pegawai kadet laut berusia 21 tahun itu diikat dan dipukul selama 2 hari dengan seutas tali pinggang, paip getah, batang besi dan penyangkut baju oleh rakan universitinya pada 20 dan 21 Mei lalu, disebabkan pergaduhan mengenai sebuah komputer riba.

Penuntut tahun ke-3 jurusan kejuruteraan elektrik itu meninggal dunia kira-kira 2 jam selepas beliau dikejarkan ke Hospital Serdang dengan 80% kesan lebam dan melecur di badannya, sekitar jam 8 malam Khamis lalu.

Mengulas lanjut, Hawa yang dipetik Sinar Harian reda dengan kematian anaknya, tetapi terkilan dengan cara “pemergiannya”.

“Dia terseksa, hampir keseluruhan badan dipenuhi kesan melecur daripada seterika wap, termasuk di dada dan belakang badan.

“Selalu saya baca berita anak orang didera, tetapi kali ini anak saya. Saya tidak boleh terima cara dia pergi.”

Polis mengesahkan kes itu disiasat di bawah Seksyen 302 Kanun Keseksaan kerana membunuh.

Seramai 32 penuntut UPNM dan 4 lagi dari Universiti Tenaga Nasional (Uniten) direman 7 hari sehingga Khamis depan. – FMT

June 04, 2017 at 12:47PM

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FOREX-Sterling hammered by poll showing risk of hung parliament – Reuters

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NME.com
FOREX-Sterling hammered by poll showing risk of hung parliament
Reuters
TOKYO May 31 The British pound came under pressure on Wednesday after a new poll found that British Prime Minister Theresa May’s Conservative Party risks falling short of an overall majority in next month’s national election. The pound fell to $1.2791, …
Latest Seats Forecasts Weigh On GBP ProspectAction Forex

all 750 news articles »

June 04, 2017 at 12:47PM

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Sunday, May 28, 2017

Hatchback cars stage a comeback

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The underappreciated hatchback body style is enjoying a minor renaissance

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May 28, 2017 at 02:17PM

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from Detroit Free Press

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