All Star Analysts Portfolio: Best Buy, Electronic Arts, Extreme Networks and VERITAS.Business Editors CHICAGO--(BUSINESS WIRE)--April 16, 2003 Zacks.com just released it's latest additions and deletions to the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. All Star Analyst portfolio. This exclusive portfolio represents all stocks with a Strong Buy rating from at least five analysts with a 5 Star All Star ranking. These are the brokerage analysts whose stock recommendations proved to be the most profitable for investors. The three additions to the portfolio this week are: Best Buy Company, Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ), Extreme Networks, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EXTR) and VERITAS Software Veritas Software Corp. was an international software company that was founded in 1983 as Tolerant Systems, renamed Veritas Software Corp. in 1989, and merged with Symantec in 2005. It was headquartered in Mountain View, California. Corporation (NASDAQ:VRTS VRTS Veritas Software (stock symbol) VRTS Verification Requirements Tracking System ). Here is another member of this exclusive portfolio: Electronic Arts (NASDAQ:ERTS ERTS Electronic Arts, Inc. (stock symbol) ERTS Earth Resources Technology Satellite (US NASA) ERTS Embedded Real Time Systems ERTS Enhanced Remote Transit Shed ). View the entire list of stocks on the All Star Analyst portfolio at http://asaportfolio.zacks.com Here is a synopsis of why these stocks are on the All Star Analysts Portfolio: Best Buy Company, Inc. (NYSE:BBY) is a leading appliance and electronics retailer. For the fiscal fourth quarter ended March 1, 2003, BBY reported earnings from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $1.16 per diluted share, which surpassed what a consensus of analysts were expecting and the year-ago result of $1.04. Same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. from continuing operations rose by +1.2%. Best Buy expects earnings from continuing operations to rise about +15% in fiscal 2004, assuming a rise in consumer confidence and better economic conditions. Even though retail stocks have been on sale of late, several All Star analysts have BBY in their shopping cart ready to buy. Electronic Arts (NASDAQ:ERTS) is the world's leading interactive entertainment software company. Recently the company announced that the unique and challenging experience of The Sims is now available on all next-generation console platforms. The Sims was the best selling PC game of both 2000 and 2001 and is now the best selling PC game of all time. This is good news for gamers and great news for investors. The company is also working on other war themed games for those that can't get enough from the nightly news. In January, ERTS reported EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of$1.69, which was up 89% from its latest quarter and revenue was $1.23 billion vs. $832.9 million for the same period last year. Already, ERTS is up over +20% for the year and if the economy manages to stage a comeback there's no telling where this gaming giant will end up. Investors looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. stocks with good growth potential should follow several All Star analyst leads and pick up ERTS before the plane leaves the hanger. Extreme Networks, Inc. (NASDAQ:EXTR) is a leading provider of a next generation of switching solutions that meet the increasing needs of enterprise local area networks internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and content providers. Including deferred compensation totaling $1.6 million, EXTR recently reported a third quarter of fiscal 2003 net loss of 7 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . This may have been a bit lower than the Street was expecting, but the company believes it is at the front end of an exciting major technology and product introduction cycle. EXTR has already begun shipping its third generation chipset technology three months ahead of schedule. It's still a bit uncertain when the economy will finally get back on track, but many All Star analysts are recommending EXTR to clients looking for long-term growth. This might be an excellent opportunity to get on board before the next run up. VERITAS Software Corporation (NASDAQ:VRTS) is the world's leading storage software company, providing data protection, storage management, high availability and disaster recovery software to 86% of the Fortune 500. VRTS achieved record fourth quarter revenue of $405 million, compared to revenue of $365 million for the previous quarter and $374 million for fourth quarter 2001. Revenue for the year ended December 31, 2002 was $1.51 billion, compared to revenue of $1.49 billion for the prior year. Even with a tough economic environment, All Star analysts stick with industry leaders like VRTS. Along with a strong balance sheet and several new initiatives in the pipeline, investors looking to get off the sidelines and invest in technology should give VRTS another look. Discover all the current All Star Analyst rankings and top analyst recommendations at http://allstarrank.zacks.com About Zacks All Star Analyst Survey Do you want to know which brokerage analysts are the best in their field and what stocks they're recommending today? Find out with the Zacks All Star Analyst survey. This exclusive survey, created with Fortune Magazine, reveals the "Best-of-Breed" brokerage analysts. They are the select group of winners from the universe of brokerage analysts - the ones who consistently beat the street - the few you should be following now. Visit the Zacks All Star Survey to find the best analysts and their top stock recommendations at http://bestofbreed.zacks.com Top recommendations from All Star Analysts Highlighted in FREE Investment Newsletter Each week, Zacks.com highlights investment insight and favorite recommendations from All Star Analysts and other leading investment experts. This is all part of our FREE e-mail newsletter, "Profit from the Pros." The only way to get these powerful insights is with a FREE subscription to the "Profit from the Pros" investment newsletter. Register for your free copy at http://pfpregister.zacks.com About Zacks Zacks.com is a property of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , Inc., which was formed in 1981 to compile, analyze, and distribute investment research to both institutional and individual investors. 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The S&P 500 includes the reinvestment of all dividends, no transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , and represents the gross returns before management fees. Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. |
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