The Zacks Analyst Blog Highlights: Priceline.com, Equinix, Pfizer, Novartis
and Bristol-Myers Squibb
CHICAGO, April 5, 2013
CHICAGO, April 5, 2013 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Priceline.com (Nasdaq:PCLN),
Equinix Inc. (Nasdaq:EQIX), Pfizer Inc. (NYSE:PFE), Novartis (NYSE:NVS) and
Bristol-Myers Squibb's (NYSE:BMY).
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Here are highlights from Thursday's Analyst Blog:
Equinix Solution Helps Priceline
Like several other companies, Priceline.com (Nasdaq:PCLN) is also taking
support from Equinix Inc. (Nasdaq:EQIX), which is using the Equinix Platform
to improve the efficiency of its operation and meet the growing demands of the
online travel industry.
Priceline has started using Equinix's DC6 International Business Exchange data
center, which is located in Ashburn, Virginia. This has been beneficial to
Priceline, as it has reduced its server count by 40.0%, thereby reducing power
consumption by 50%. Equinix's solution is aiding Priceline to improve response
According to a joint study by Gartner and Frost & Sullivan, the Asia-Pacific
will see maximum growth in the data center business. Gartner also expects
China to become the second largest global data center market by 2015.
Through constant deal wins, the company has been able to add to its critical
mass of customers and has expanded its network within IBX centers. Direct
interconnection with its aggregation of networks, which serves more than 90%
of the world's Internet routes, enables customers to increase the efficiency
of their IT infrastructure, remove complexities of administering and managing
their infrastructure, while significantly reducing costs.
Although geographical expansion and deal wins are helping Equinix expand its
business, its longer sales cycle means that revenues are not recognized
immediately, so there may not be any rapid improvement in its results.
The current macroeconomic condition is further extending the sales cycle, as
customers are unable to accurately forecast their future business plans and
are therefore delaying their purchase decisions.
Conditional EU Approval for Pfizer's Bosulif
Pfizer Inc. (NYSE:PFE) recently announced it has gained conditional marketing
authorization from the European Commission (EC) for its oncology product,
Bosulif (bosutinib). Bosulif gained conditional EU approval for the treatment
of adults suffering from chronic, accelerated, and blast phase Philadelphia
chromosome positive chronic myelogenous leukemia (Ph+ CML) that has been
previously treated with one or more tyrosine kinase inhibitors (TKIs) and for
whom treatments like Novartis' (NYSE:NVS) Gleevec (imatinib) and Tasigna
(nilotinib) and Bristol-Myers Squibb's (NYSE:BMY) Sprycel (dasatinib) are not
The conditional approval was expected as, earlier this year, the European
Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP)
had issued a positive opinion regarding the conditional approval of Bosulif.
Conditional approval means that Pfizer will have to provide the EMA with
additional efficacy and safety data on Bosulif. The approval is renewable on a
yearly basis and could be converted into full marketing approval depending on
the review of the additional data by the CHMP.
We note that Bosulif is already approved in the US. Pfizer gained US Food and
Drug Administration (FDA) approval in Sep 2012 for Bosulif for the treatment
of chronic, accelerated, or blast phase Ph+ CML in adult patients who are
resistant or intolerant to prior therapy. Bosulif enjoys orphan drug status in
Pfizer currently carries a Zacks Rank #3 (Hold). While near-term earnings will
be driven by cost cutting efforts and share repurchases, longer-term growth
will depend on the success of drug development. Pfizer's pipeline needs to
deliver given the Lipitor loss of exclusivity and the upcoming loss of
exclusivity on additional products in the next few years.
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