Zacks Issues Buy Recommendations on the Following 6 Stocks: Advanced Digital, Apollo, Rainbow, Invitrogen, Mylan and Ryland.Business Editors CHICAGO--(BUSINESS WIRE)--April 11, 2003 Zacks.com releases another list of stocks that are currently members of 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. Zacks #1 Ranked list which has produced an average annual return of +33.6% since 1988 and has gained +13.3% annually since 2000 as the markets have been tumbling down. Among the #1 ranked stocks today we highlight the following companies: Advanced Digital Information Corporation (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 :ADIC), Apollo Group Apollo Group, Inc. NASDAQ: APOL is an S&P 500 corporation based in Phoenix, Arizona. Apollo Group, Inc., through its subsidiaries, provides higher education to working adults. , Inc. (NASDAQ:APOL APOL Asia Pacific Online APOL Alternate Person on Line ), and Rainbow Technologies, Inc. (NASDAQ:RNBO). Further they announced #2 Rankings (Buy) on two other widely held stocks: Invitrogen Corporation (NASDAQ:IVGN), Mylan Laboratories Inc. (NYSE NYSE See: New York Stock Exchange :MYL MYL Mind Your Language MYL Made You Laugh MYL Miss You Lots MYL Meet You Later MYL Miss You Loads ) and The Ryland Group, Inc. (NYSE:RYL). To see the full Zacks #1 Ranked list or the rank for any other stock then visit. http://www.zacksrank1bw.zacks.com Here is a synopsis A summary; a brief statement, less than the whole. A synopsis is a condensation of something—for example, a synopsis of a trial record. of why these stocks have a Zacks Rank of 1 (Strong Buy). Note that a #1 Strong Buy rating is applied to 5% of all the stocks we rank: Advanced Digital Information Corporation (NASDAQ:ADIC) designs, manufactures, markets and services automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. high performance data storage products used to backup and archive electronic data in client/server network (1) A communications network that uses dedicated servers. In this context, the term is used to contrast it with a peer-to-peer network, which allows any client to also be a server. (2) A network that is processing applications designed for client/server architecture. computing computing - computer environments. The company reported all-time record sales of $97.1 million in its first quarter, which improved slightly on the year-ago total and increased by +15% on a sequential basis. In addition, net income in the quarter came in at 3 cents per fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, which blew away the Street's estimates by +400%. ADIC's decision to increase investment in sales, marketing and R&D during the economic downturn appears to have paid off. Fiscal 2003 estimates have been raised by +150% and +33% for next fiscal year over the past 60 days. It looks like 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. a backup plan may want to add ADIC to the mix. Apollo Group, Inc. (NASDAQ:APOL) has been providing higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. to working adults for over 25 years. The company reported fiscal second quarter 2003 financial results at the end of March for both Apollo and the University of Phoenix. Net income attributed to Apollo Education Group for the three months ended Feb. 28, 2003 was $42.6 million, or 24 cents per diluted share, compared to $26.6 million, or 15 cents per diluted share, reported for the same period last year. Net income attributed to University of Phoenix Online for the three months ended Feb. 28, 2003, was $3.1 million, or 19 cents per diluted share, compared to $1.5 million or 10 cents per diluted share, reported for the same period last year. The company expects revenue for the quarter ending May 31, 2003 to be between $357 million and $359 million and to be between $1.327 billion and $1.331 billion for fiscal 2003. Diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of attributed to Apollo Education Group are expected to be 35 cents for the quarter ending May 31, 2003 and to be $1.21 for fiscal 2003. Diluted earnings per share attributed to University of Phoenix Online are expected to be 25 cents for the quarter ending May 31, 2003 and to be $.87 for fiscal 2003. APOL has been making the grade for some time and looks to be headed toward another honor roll honor roll n. A list of names of people worthy of honor, especially: a. A list of students who have earned high grades during a specified period. b. A list of people who have served in the armed forces. mention in 2003. Rainbow Technologies, Inc. (NASDAQ:RNBO) is a worldwide provider of information security solutions for mission-critical data and applications used in business, organization and government computing environments. Revenues for the fourth quarter in 2002 were $33.5 million, compared with $28.3 million in the same period 2001. RNBO reported net income of $4.9 million or 18 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. for the quarter compared with a net income of $1.65 million or 6 cents per share in 2001. The company is also forecasting positive comparative quarterly results for the first quarter of 2003. Security is the top concern of IT managers around the world and analysts see strong demand and new opportunities for security products in government, finance, and healthcare. Investors looking for the pot of gold may want to follow the Rainbow. Here is a synopsis of why these stocks have a Zacks Rank of 2 (Buy). Note that a #2 Buy rating is applied to 15% of all the stocks we rank: Invitrogen Corporation (NASDAQ:IVGN) is a leading provider of research kits that simplify and improve genetic and other molecular biology molecular biology, scientific study of the molecular basis of life processes, including cellular respiration, excretion, and reproduction. The term molecular biology was coined in 1938 by Warren Weaver, then director of the natural sciences program at the Rockefeller research. It also provides other research products and services to corporate, academic and governmental entities. The company put together solid gains for both the fourth quarter and full-year 2002. For the quarter, pro form net income came in at 39 cents per share beating last year's result by a penny. Revenues in the fourth quarter increased by +6% to $161.8 million and jumped forward by +3% to $648.6 million for the full year. Analysts are hoping that the company's ability to grow even in a tough environment will continue in 2003. The company announced that first quarter 2003 results will be released on Thursday, April 24, 2003. Investors looking to engineer more profits in 2003 may want to consider IVGN in the blueprint. Mylan Laboratories Inc. (NYSE:MYL) and its subsidiaries are engaged in developing, licensing, manufacturing, marketing and distributing generic and branded pharmaceutical products. Mylan announced net earnings of $68.4 million, or diluted earnings per share of 37 cents (55 cents pre-split) for the third quarter ended December 31, 2002. This marked single digit positive surprises for each of the previous five quarters. Mylan also announced that it anticipates fiscal 2004 earnings per diluted share to be approximately $1.59 to $1.69 ($2.38 to $2.53 pre-split) and is increasing its fiscal 2003 annual guidance to between $1.39 and $1.42 per diluted share ($2.09 to $2.13 pre-split). Mylan's 2004 guidance was consistent with its long-term goal of growing their operations by an average of 15% or more per year. Generics are becoming more and more popular and Mylan has an excellent position in the market and great profit potential for investors. The Ryland Group, Inc. (NYSE:RYL) is a leading national homebuilder and mortgage-related financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm. The company's homebuilding segment specializes in the sale and construction of single-family attached and detached housing. Ryland's fourth-quarter earnings climbed +50%, driven by greater demand for homes because of lower mortgage rates. With greater demand came greater net income. RYL reported quarterly net income of $67.5 million, or $2.50 a diluted share, compared with $44.9 million, or $1.61 a diluted share in the prior-year period. The good news continues for RYL through the first quarter of 2003. RYL announced that preliminary unit net new orders for the three months ended March 31, 2003 were a record 4,260. This was a +13.4% increase over the 3,757 orders reported for the quarter ended March 31, 2002. Additionally, the company's backlog increased to 6,678 outstanding contracts, representing the highest first quarter-end backlog in RYL's history and a +14.5% increase over the prior year. RYL will release first quarter 2003 earnings on April 23rd and analysts are confident that RYL is built on a solid foundation and should continue the company's string of double-digit earnings surprises over the previous 5 quarters. This homebuilder looks to have a solid foundation for profits and an excellent long term buy for investors. To truly take advantage of the Zacks Rank, you need to first understand how it works. That's why we created the free special report; "Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions." Download your free copy now to prosper in the years to come. http://freezrguideprbw1.zacks.com About the Zacks Rank For over 15 years the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since 1988 the #1 Ranked stocks have generated an average annual return of +33.6% compared to the (a)S&P 500 return of only +11.3%. Plus this exclusive stock list has generated average gains of +13.3% during the last 3 years; a substantial return compared to the large losses suffered by most investors during that time frame. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). And since 1988 the S&P 500 has outperformed the Zacks #5 Ranked stocks by 166.7% annually (11.3% vs. 4.2% respectively). This is a healthy change from traditional Wall Street Brokerage firms who rarely give stocks Sell ratings even as the share price and earnings forecast tumble. Thus, the Zacks Rank system can truly be used to effectively manage the trading in your portfolio. For continuous coverage of Zacks #1 Ranked stocks, then get your free subscription to "Profit from the Pros" e-mail newsletter where we highlight #1 Ranked stocks poised to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. the market. http://www.zacksrank2bw.zacks.com/ The Zacks Rank, and all of its recommendations, is created by Zacks & Co., member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . 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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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
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