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Financial Results, Stake Sales, New Agreements, and Prestigious Recognitions - Research Report on Analog Devices, Eltek,



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

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SOURCE Analysts' Corner

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