Long-term Investments to Fuel Growth: Acquisitions, Stronger Leadership Team
and Powerful Product Pipeline - Research Report on VeriFone, Pitney Bowes,
Canon, Avery and KaspStone
NEW YORK, June 18, 2013
NEW YORK, June 18, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting
VeriFone Systems, Inc (NYSE: PAY), Pitney Bowes Inc. (NYSE: PBI), Canon Inc.
(NYSE: CAJ), Avery Dennison Corporation (NYSE: AVY) and KapStone Paper and
Packaging Corporation (NYSE: KS). Today's readers may access these reports
free of charge - including full price targets, industry analysis and analyst
ratings - via the links below.
VeriFone Systems, Inc Research Report
On June 5, VeriFone Systems, Inc. (VeriFone) reported its Q2 FY 2013 financial
results (period ended April 30, 2013). The Company reported non-GAAP net
revenues of $430 million, a 10.4% YoY decrease. Non-GAAP net income per
diluted share was $0.42, a 34.4% decrease. Commenting on the results, Richard
McGinn, Interim Chief Executive Officer, said, "We are keenly aware of the
significant short-term challenges impacting our fiscal year 2013 financial
results. To regain our momentum, we are addressing the critical issues
head-on. We have empowered a new senior leadership team. We are substantially
increasing our R&D investment to best serve our customers and regain
competitiveness in markets where we have product gaps. And, we have increased
our focus on cash management, as evidenced by our generation of $79 million of
operating cash flow in the second quarter." The company stated that it expects
modest sequential increases in non-GAAP net revenues and non-GAAP net income
per diluted share in Q4 FY 2013. The Full Research Report on VeriFone Systems,
Inc - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at
Pitney Bowes Inc. Research Report
On June 4, 2013, Pitney Bowes Inc. (Pitney Bowes) announced that Roger Pilc
will join as the Company's Executive Vice President and Chief Innovation
Officer. He will lead worldwide engineering, strategic technology and
innovation, enterprise growth initiatives and technology alliances. Pilc joins
Pitney Bowes from CA Technologies, the leading enterprise management software
provider. "A critical component in our transformative journey is to continue
to innovate around our products, services and business processes. True
innovation is, by definition, client-centric, multi-disciplinary and global,"
said Marc Lautenbach, President and Chief Executive Officer of Pitney Bowes.
"Roger has the skill set, the strong background and the know-how to ensure
innovation continues to drive our culture." The Full Research Report on Pitney
Bowes Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at
Canon Inc. Research Report
On June 12, 2013, Canon Inc. (Canon) announced that the Company is developing
a new handheld display for its MREAL System for Mixed Reality (MR), which will
follow the HM-A1 head-mounted display launched in July 2012 to augment the
company's product lineup. Canon stated that its MREAL System is a
next-generation design/production solution tool that merges the real world
with virtual, computer-generated images in real time to create a new "mixed"
reality. Canon is also developing new software that realizes improved accuracy
and convenience for the MREAL System when used in conjunction with a dedicated
third-party position-alignment camera and carpet-type markers. While detailed
specifications and pricing of the handheld display and software currently
under development have yet to be decided, Canon aims to commercialize the
products at the end of 2013. The Full Research Report on Canon Inc. -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at
Avery Dennison Corporation Research Report
On June 12, 2013, Avery Dennison Corporation (Avery Dennison) announced the
expansion of its Prime Film portfolio by the addition of four new facestocks
with a Bleached Glassine (BG) liner. The Prime Film Portfolio is an engineered
family of films purpose-built for the specific marketing and containers needs
of the home and personal care, food and beverage market segments. The film
constructions in the portfolio are anchored with the Company's S7000 adhesive.
"Our S7000 adhesive has shown customers the increased productivity and
performance it delivers through hundreds of print runs and billions of square
inches," said Paul Purdef, Films Product Manager, North America. "By adding a
BG liner, we are able to offer customers more options while still delivering
operational improvements." The complete portfolio has been designed with S7000
to offer excellent performance in both converting and dispensing. The S7000
adhesive delivers 50% less ooze, reducing adhesive contamination and clean-up.
The Full Research Report on Avery Dennison Corporation - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at
KapStone Paper and Packaging Corporation Research Report
On June 10, 2013, KapStone Paper and Packaging Corporation (KapStone) and
Longview Fibre Paper and Packaging, Inc. jointly announced that they have
signed an agreement for KapStone to acquire the stock of Longview Fibre Paper
and Packaging, Inc. from Brookfield Capital Partners II for $1 billion in
cash. Chairman and Chief Executive Officer of KapStone, Roger W. Stone,
stated, "Acquiring Longview is an outstanding opportunity for numerous
reasons. The acquisition immediately adds value for our shareholders by
increasing earnings and generating very strong free cash flow. The deal is
accretive to our bottom-line from Day 1. Our balance sheet, which was strong
going into this transaction, remains strong after the acquisition. The
combined company is expected to deliver substantial free cash flow in the
first year allowing KapStone to quickly de-lever." The transaction is expected
to close in the summer of 2013. The Full Research Report on KapStone Paper and
Packaging Corporation - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at
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