On Friday, XL Group plc (NYSE:XL)’s shares inclined 0.05% to $37.79.
XL Group plc (XL) declared that it intends to release its Second Quarter 2015 results after the close of regular stock market trading hours on Monday, August 3, 2015. A conference call to talk about the Company’s results will be held at 10:00 a.m. Eastern Time on Tuesday, August 4, 2015.
XL GROUP Public Limited Company, an insurance and reinsurance company, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide. The company operates in two segments: Insurance and Reinsurance. The Insurance segment offers property, primary and excess casualty, environmental liability, excess and surplus lines, construction, and surety insurance products, in addition to property and casualty programs.
Allstate Corp (NYSE:ALL)’s shares dropped -0.06% to $68.32.
A.M. Best has assigned indicative ratings of “a-” to senior unsecured debt, “bbb+” to subordinated debt, “bbb” to junior subordinated debt and “bbb” to preferred stock of the recently filed shelf registration of The Allstate Corporation (Allcorp) (Northbrook, IL) [NYSE: ALL]. Additionally, A.M. Best has assigned the indicative ratings of “bbb” of the preferred securities of Allstate Financing VII, VIII, IX and X, which may be issued under Allcorp’s shelf registration statement. The outlook assigned to all ratings is stable. The new shelf registration replaces Allcorp’s previous shelf registration, which expired on April 30, 2015. Consequently, the indicative ratings for the previous shelf registration have been withdrawn.
The assigned ratings recognize Allstate Insurance Group’s (Allstate) solid risk-adjusted capitalization, favorable operating earnings trend and noteworthymarket presence. The ratings also are indicative of A.M. Best’s view of the group’s near-term earnings prospects when considering Allstate’s strong overall business profile as one of the largest personal lines writers in the United States. Financial leverage and interest coverage ratios at the holding company remain within A.M. Best’s guidelines for the current ratings.
The Allstate Corporation, through its auxiliaries, engages in the property-liability insurance and life insurance businesses in the United States and Canada. The company’s Allstate Protection segment sells private passenger auto and homeowners insurance products under the Allstate, Encompass, Esurance brand names. It also provides specialty auto products, counting motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products comprising renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; roadside assistance products; and commercial products for small business owners, in addition to insurance agency services. In addition, this segment sells retirement and investment products, counting mutual funds, fixed and variable annuities, disability insurance, and long-term care insurance products. Further, it sells its products through contact centers and Internet.
At the end of Friday’s trade, TiVo Inc. (NASDAQ:TIVO)‘s shares dipped -0.35% to $9.94.
TiVo Inc. (TIVO), a leader in the advanced television entertainment market, and WOW! Internet, Cable & Phone, a top 10 cable operator serving nearly 800,000 customers, recently declared a joint development relationship with Evolution Digital. The agreement comprises plans to deploy TiVo’s software solution across mobile, web and a new low-cost, Hybrid HD Set-Top Box (STB). Evolution Digital will provide the STB hardware.
The offering is achieved through a STB hardware partnership with Evolution Digital. Evolution has created a low-cost STB platform that integrates traditional linear over QAM and Broadband services. The STB uses HD uDTA security, eliminating the hardware-based CableCARD to allow lower price point options for operators. In turn, this allows operators to be aggressive in their roll out of ‘hybrid’ experiences — mixing traditional video with broadband video. When combined with TiVo’s software, this STB can be deployed in multiple modes — a stand-alone HD-STB, a client to a TiVo DVR, or as a client to a next generation cloud TV services such as IP linear and network DVR. The operator investment in STB investment is future proof when combined with TiVo’s multi-mode software.
TiVo Inc. provides television software services and cloud-based software-as-a-service solutions that enable to view video content through various screens. It offers whole-home solutions that comprise 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets through features, such as What to Watch Now, OnePass, integrated search, access to broadband video content, and TiVo online/mobile scheduling. As of January 31, 2015, the company had 5.5 million subscriptions to the TiVo service through its TiVo-owned and television service operators (MSO) businesses.
Gigamon Inc (NYSE:GIMO), ended its Friday’s trading session with -16.92% loss, and closed at $26.56.
Gigamon® Inc. (GIMO), the leader in traffic visibility solutions with the innovative Unified Visibility Fabric™, recently released financial results for the second quarter ended June 27, 2015.
Second Quarter 2015 Financial Highlights:
- Revenue of $51.4 million, up 48% year-over-year.
- GAAP gross margin was 78%, contrast to 78% in the second quarter of fiscal 2014.
- Non-GAAP gross margin was 79%, contrast to 79% in the second quarter of fiscal 2014.
- GAAP net income was $38,000, or $0.00 per basic and diluted share, contrast to GAAP net loss of $32.5 million, or $1.01 per basic and diluted share, in the second quarter of fiscal 2014.
- Non-GAAP net income was $5.9 million, or $0.16 per diluted share, contrast to non-GAAP net loss of $1.1 million, or $0.04 per diluted share, in the second quarter of fiscal 2014.
- Raised cash and investments to $179 million and generated $15 million in cash from operations.
Gigamon Inc. designs, develops, and sells products and services that provide customers with visibility and control of network traffic for enterprises and services providers in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers traffic visibility fabric solutions comprising of network traffic intelligence, such as proprietary traffic selection, forwarding, manipulation, modification, de-duplication, correlation, and sampling capabilities. Its solutions enable IT organizations to forward traffic from network and server infrastructure to administration, analysis, compliance, and security tools in a manner that is optimized for specific uses or functions.
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