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Financial Results, New Appointments, and General Meetings - Research Report on Red Hat, Yelp, Sierra Wireless, Infinera, and Bitauto

Editor Note: For more information about this release, please scroll to bottom.

NEW YORK, September 27, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Red Hat Inc. (NYSE: RHT), Yelp Inc. (NYSE: YELP), Sierra Wireless, Inc. (NASDAQ: SWIR), Infinera Corp. (NASDAQ: INFN), and Bitauto Holdings Ltd. (ADR) (NASDAQ: BITA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Red Hat Inc. Research Report

On September 23, 2013, Red Hat Inc. (Red Hat) announced its Q2 FY 2014 financial results (period ended August 31, 2013). The Company's total revenue increased 16.1% YoY to $374.4 million during the quarter. Net income was $40.8 million or $0.21 per diluted share in Q2 FY 2014, compared to net income of $35 million or $0.18 per diluted share in Q2 FY 2013. Commenting on the results, Jim Whitehurst, President and Chief Executive Officer of Red Hat, said, "We are a market leader for new innovations based on open source technologies that are driving the transformation of the data center toward an open, hybrid cloud infrastructure. We recently added infrastructure-as-a-service, Red Hat Enterprise Linux OpenStack Platform, to our portfolio of cloud offerings. The combination of this powerful technology with our platform-as-a-service, open software-defined storage and cloud management solutions create a compelling road map for our customers in the move to cloud computing." The Full Research Report on Red Hat Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-24/RHT]

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Yelp Inc. Research Report

On September 23, 2013, Bloomberg reported that 19 firms that produce fake online reviews of businesses on websites including Yelp Inc. (Yelp), Google Local, and City search have agreed to stop the practice after reaching a settlement with the New York Attorney General Eric T. Schneiderman. Further, the 19 companies will also pay $350,000 in penalties. The Bloomberg report added that the revelation from the Attorney General's Office informed that this was part of an undercover probe called "Operation Clean Turf," which showed evidence that the companies were paid by local businesses to flood the Internet with comments on a variety of websites.The Full Research Report on Yelp Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-24/YELP]

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Sierra Wireless, Inc. Research Report

On September 17, 2013, Sierra Wireless Inc. (Sierra Wireless) announced the launch of the Sierra Wireless Solution Partner Program and the Sierra Wireless M2M Solution Exchange. According to the Company, the Sierra Wireless Partner Program promotes wireless solutions powered by the Company's Wireless technology. The program provides a streamlined and functional way for solution partners to work with Sierra wireless in promoting their solutions for the Company's network of carrier, sales, and reseller channels. The Full Research Report on Sierra Wireless, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-24/SWIR]

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Infinera Corp. Research Report

On September 16, 2013, Infinera Corp. (Infinera) announced the appointment of Alastair Short as Senior Vice President, General Counsel, and Corporate Secretary. Commenting on the new appointment, Tom Fallon, CEO of Infinera, said, "Alastair is a strong addition to our executive team with significant experience with technology companies, including start-ups and global enterprises. We look forward to his contributions to Infinera." Infinera further informed that Mr. Short was previously the General Counsel and Corporate Secretary of Better Place, Inc., a company engaged in designing and manufacturing infrastructure for electric vehicles, which he joined in 2011. The Full Research Report on Infinera Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-24/INFN]

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Bitauto Holdings Ltd. (ADR) Research Report

On September 20, 2013, Bitauto Holdings Limited (Bitauto) announced that it will hold its 2013 annual general meeting of shareholders at 30/F, China World Office 2, No. 1 Jian Guo Men Wai Avenue, Beijing 100004, People's Republic of China on November 6, 2013, at 1:00 p.m. local time. The Company stated that no proposal will be submitted for shareholder approval during the meeting. The meeting will serve as an open forum for shareholders and beneficial owners of the Company's American Depository Shares to discuss the Company affairs with management. The Company further informed that the close of business on September 23, 2013 has been fixed by the board of directors as the record date for determining shareholders entitled to receive notice of the annual general meeting or any adjournment or postponement thereof. Notifying further about its financial reporting activity, the Company said that it has filed its annual report on Form 20-F, which includes the Company's audited financial statements for the full-year FY 2012 with the US Securities and Exchange Commission. The Full Research Report on Bitauto Holdings Ltd. (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-09-24/BITA]

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  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
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