Financial Results, Stake Sales, New Agreements, and Prestigious Recognitions - Research Report on Analog Devices, Eltek, Flextronics, Aruba Networks, and Mobile TeleSystems PR Newswire NEW YORK, December 3, 2013 NEW YORK, December 3, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Analysts' Corner announced new research reports highlighting Analog Devices, Inc. (NASDAQ: ADI), Eltek Ltd. (NASDAQ: ELTK), Flextronics International Ltd. (NASDAQ: FLEX), Aruba Networks, Inc. (NASDAQ: ARUN), and Mobile TeleSystems OJSC (NYSE: MBT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Analog Devices, Inc. Research Report On November 26, 2013, Analog Devices, Inc. (Analog Devices) reported financial results for Q4 FY 2013 and full-year FY 2013 (period ended November 2, 2013). In Q4 FY 2013, the Company's revenue declined 2.4% YoY to $678.1 million. Q4 FY 2013 net income was $201.6 million, or $0.64 per diluted share, higher as compared to $179.2 million, or $0.58 per diluted share, in Q4 FY 2012. Full-year FY 2013 revenue was $2.6 billion, down 2.5% YoY; and full-year FY 2013 net income was $673.5 million, or $2.14 per diluted share, compared to $651.2 million, or $2.13 per diluted share, in full-year FY 2012. "Revenue for the fourth quarter increased 1% sequentially, a good result in an uncertain macroeconomic climate," said Vincent Roche, President and CEO of Analog Devices. "Operationally, the business performed well. Excluding special items, margins expanded relative to the prior quarter, operating cash flow was very strong at 42% of sales, and we returned $149 million to shareholders in the form of dividends and share repurchases." The Full Research Report on Analog Devices, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/8dd1_ADI Eltek Ltd. Research Report On November 1, 2013, Eltek Ltd. (Eltek) announced the closing of its sale of 3.5 million ordinary shares to Nistec Ltd. (Nistec). In addition, Eltek also announced that Nistec has acquired all of the ordinary shares held by Eltek's principal shareholder, Yossi Maiman. As a result of the transactions, Nistec is now Eltek's majority shareholder, holding 50.5% of its outstanding shares. The Full Research Report on Eltek Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/2a0a_ELTK Flextronics International Ltd. Research Report On November 20, 2013, Flextronics International Ltd. (Flextronics) announced that its accelerator business Lab IX has entered into an agreement to provide a broad range of support to four different early-stage, disruptive technology companies. "We are thrilled to announce that Lab IX has invested in early stage companies that we believe are game-changing," said Lior Susan, Vice President and Head of Lab IX. "We look forward to providing these companies with services and support as they take their technologies to the next level and leverage a wealth of experience in design, manufacturing and logistics from all of Flextronics' global business units and specialized partners in an unparalleled scale." The Full Research Report on Flextronics International Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/bf0a_FLEX Aruba Networks, Inc. Research Report On November 21, 2013, Aruba Networks, Inc. (Aruba) released its Q1 FY 2014 financial results (period ended October 31, 2013). During the quarter, the Company's revenue grew 11.4% YoY to $160.9 million. Q1 FY 2014 GAAP net loss was $7.8 million, or $0.07 per diluted share, compared to GAAP net loss of $0.8 million, or $0.01 per diluted share, in Q1 FY 2013. "In the first quarter, we surpassed our revenue expectations and executed well on our initiatives to grow our sales and channel engine," said Dominic Orr, President and CEO of Aruba. "The early strong performance of our 802.11ac solutions validate our technology leadership position in the industry. Additionally, we expanded our addressable market with the launch of our Aruba Central cloud-based management service, bringing Aruba's enterprise-class performance, manageability and reliability to the cloud. Our competitive position continues to grow as IT teams recognize that upgrading their wired closet will not solve their most pressing needs brought about by an increasingly wireless world and the proliferation of devices needing access to their networks." The Full Research Report on Aruba Networks, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/2b3e_ARUN Mobile TeleSystems OJSC Research Report On November 22, 2013, Mobile TeleSystems OJSC (MTS) announced that its Director of Procurement, Valery Shorzhin, has received a Procurement Leader Award at an awards ceremony sponsored by Procurement Leaders Magazine, an international publication for procurement professionals. The Company stated that Shorzhin was recognized for his contribution to the transformation of the Company's procurement function. Commenting on this honor, Mr. Shorzhin said, "As MTS is focused on improving efficiencies across the organization, the mission of the procurement has long been to enable the Company to maximize returns on investments and stay ahead of the competition. We are happy that our success has again been acknowledged by the international community of procurement professionals." The Full Research Report on Mobile TeleSystems OJSC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.analystscorner.com/r/full_research_report/7ff2_MBT EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to making mistakes. 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Financial Results, Stake Sales, New Agreements, and Prestigious Recognitions - Research Report on Analog Devices, Eltek,
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