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Moments ago, Analysts Review released new research updates concerning several important developing situations including Immersion (NASDAQ: IMMR), Key Tronic (NASDAQ: KTCC), Logitech (NASDAQ: LOGI), Mitek (NASDAQ: MITK), and Qumu Corp. (NASDAQ: QUMU). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
IMMR Research Report: ( http://get.analystsreview.com/pdf/?c=Immersion&d=03-Mar-2015&s=IMMR ),
KTCC Research Report: ( http://get.analystsreview.com/pdf/?c=Key%20Tronic&d=03-Mar-2015&s=KTCC ),
LOGI Research Report: ( http://get.analystsreview.com/pdf/?c=Logitech&d=03-Mar-2015&s=LOGI ),
MITK Research Report: ( http://get.analystsreview.com/pdf/?c=Mitek&d=03-Mar-2015&s=MITK ),
QUMU Research Report: ( http://get.analystsreview.com/pdf/?c=Qumu%20Corp.&d=03-Mar-2015&s=QUMU ).
Analyst Update: Collaborations, Quarterly Results, Recognitions, Upcoming Conference Calls, and New Products
Reviewed by: Rohit Tuli, CFA®
The U.S. indices closed at record highs on Monday with Nasdaq Composite closing above 5,000 - a level not reached since 2000 - as tech stocks were boosted by deals in the sector. The tech-heavy index added 44.57 points, or 0.9%, to close at 5,008.10. Meanwhile, the S&P 500 added 12.89 points, or 0.6%, to reach its record high of 2,117.39. The Dow Jones Industrial Average also jumped 155.93 points, or 0.9%, to 18,288.63, making its fourth record-high close this year. The markets moved up despite economic reports pointing to a slowdown in manufacturing activity as well as consumer spending. European equities slipped amid concerns over the economic future of Greece. The Stoxx Europe 600 ended the day 0.2% lower, slipping off a near seven-year high. Asian stocks ended higher after China cut its benchmark lending and deposit rates on Saturday. Japan's Nikkei 225 index gained 0.2%, Hong Kong's Hang Seng index rose 0.3%, and the Shanghai Composite was up 1%.
Immersion Corporation (Immersion) will work with a leading Chinese entertainment company, LeTV, as the first company in China to debut Immersion-powered tactile video experience on a mobile device. Leveraging Immersion's ground-breaking TouchSense® Engage™ solution, LeTV will showcase The Expendables 3 movie trailer as its first touch-enhanced content offering to be available through its LeTV Video application.
Key Tronic Corporation (Key Tronic) announced its Q2 FY 2015 financial results with revenue of $114.3 million, up 46% YoY. Net income for the quarter was $1.6 million or $0.14 per diluted share, compared to net income of $3.1 million or $0.27 per diluted share for Q2 FY 2014. The Company also gave guidance for Q3 FY 2015.
Logitech International S.A. (Logitech) has won 10 prestigious product design awards. The Company's seven products were selected as 2014 GOOD DESIGN™ Award winners while three of its products were named as 2015 iF DESIGN AWARD™ winners. This is the fourth consecutive year that Logitech products have received GOOD DESIGN Awards, and the fifth consecutive year they have received iF DESIGN AWARDS.
Mitek Systems, Inc. (Mitek) announced the availability of Commercial Mobile Deposit Capture™, the Company's new mobile deposit solution created specifically to meet the needs of business users. The new product enables businesses of all types to easily capture important invoice documents and deposit checks from anywhere, with just a snap of the camera on a smartphone or tablet.
Qumu Corporation (Qumu Corp.) has scheduled to release its Q4 and full-year 2014 financial results on March 5, 2015, after market closes. As per Zacks investment research, the Company is expected to report loss per share of $0.84 for Q4 2014 and loss per share of $0.81 for full-year 2014 respectively.
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