On Wednesday, Shares of Nike Inc (NYSE:NKE), gained 0.02% to $125.83. 3.25 million shares of the company were exchanged.
NIKE, Inc. (NKE) offered an overview of its progress on key planned initiatives to achieve sustainable, profitable long-term growth. During an investor meeting at its world headquarters near Beaverton, Ore., the Company declared a revenue target of $50 billion by the end of fiscal year 2020. Additionally the Company shared its long-term financial model of high single-digit to low double-digit revenue growth, mid-teens earnings per share growth and expanding returns on invested capital.
Geographic Opportunities
The Company updated its projected long-term growth plans in the NIKE Brand geographies through fiscal 2020. For its more developed geographies (North America, Western Europe and Japan), NIKE now anticipates to generate average annual growth at a high single-digit rate over the next five years. The Company anticipates North America to reach $20 billion in revenue by the end of fiscal year 2020.
For its developing geographies (Emerging Markets, Greater China, and Central & Eastern Europe), the Company stated it anticipates to grow at a low double-digit average annual growth rate for the next five years. The Company anticipates its Emerging Markets geography to grow at a low double-digit average annual growth rate and for Greater China to grow at a mid-teens growth rate over the next five years, reaching $6.5 billion in revenue by the end of fiscal year 2020.
NIKE, Inc., together with its auxiliaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories for men, women, and kids worldwide. The company offers products in eight categories, counting running, basketball, football, men’s training, women’s training, sportswear, action sports, and golf under the NIKE and Jordan brand names.
Shares of Baxter International Inc (NYSE:BAX), declined -0.15% to $33.05, during its last trading session.
Baxter International Inc. (BAX) declared the United States Food and Drug Administration (FDA) has granted 510(k) clearance for the AMIA automated peritoneal dialysis (APD) system with the SHARESOURCE web-based remote connectivity platform to provide peritoneal dialysis (PD) for the treatment of end-stage renal disease (ESRD).
The AMIA APD system is the only device cleared in the United States that incorporates patient-centric features such as voice guidance, a touchscreen control panel and the SHARESOURCE two-way connectivity platform. SHARESOURCE allows physicians to more readily access their home patients’ historical treatment data and deliver individual prescriptions remotely. The system also features advanced, animated graphics and automated step-by-step instructions, which were designed to enhance the efficiency of home therapy training and administration for ESRD patients in the United States.
Baxter International Inc., develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.
At the end of Wednesday’s trade, Shares of Infinera Corp. (NASDAQ:INFN), declined -1.27% to $17.05.
Infinera, provider of Intelligent Transport Networks, and Mid-Atlantic Broadband Communities Corporation (MBC) declared that MBC has deployed the Infinera PXM packet switching module, which enables a highly-efficient packet-optical transport network architecture. The Infinera PXM is designed to enable network operators to benefit from a portfolio of advanced services-based Carrier Ethernet and MPLS technologies that are intended to result in reduced network costs and statistical multiplexing with packet aggregation and transport port consolidation.
Deployed on the Infinera DTN-X platform across MBC’s terabit network, Infinera PXM allows MBC to interconnect 100 gigabit Ethernet (GbE) router ports at various university sites and allows access to the Internet2 network via Ashburn. The Infinera PXM module enables MBC to directly map packet services with carrier grade quality of service (QoS) from the edge of the network to its core transport network.
MBC is a provider of wholesale optical transport services, colocation and tower leasing to retail telecommunications service providers. MBC partnered with the Mid-Atlantic Research Infrastructure Alliance (MARIA) to enhance capacity to the national Internet2 research and education network and between participating member institutions. MARIA is a non-profit corporation that brings together Virginia’s major research universities to facilitate access to shared technology infrastructure for research, also known as cyber infrastructure.
Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
