Veeva Systems Inc., a California-based company that makes cloud software solutions for the life sciences industry, has filed an amended Form S-1 with the Securities and Exchange Commission for an initial public offering (IPO) of 13 million Class A shares priced between $12 and $14 a share.
Selling stockholders are offering 3.33 million shares and the rest are being offered by the company. The underwriters have an overallotment option on an additional 1.96 million shares.
The company has two classes of common stock that are priced equally, but Class B shares are entitled to 10 votes each while Class A shares are entitled to one vote per share. After the offering, holders of Class B shares will hold about 98.5% of the voting power of outstanding shares, and the company�� officers, directors and their affiliates will hold about 74% of the voting power in the company.
Veeva plans to use its share of the proceeds, estimated at $138.3 million if the underwriters��options are taken and the shares are priced at the mid-point of the estimated range, for general corporate purposes and working capital. In its filing the company said, “[W]e do not currently have specific planned uses of the proceeds. The amount of proceeds we use for the purposes above, if any, will depend on the level of cash generated from our operations.”
Best Stocks To Invest In Right Now: NTT DOCOMO Inc(DCM)
NTT DOCOMO, Inc. provides wireless telecommunications services, packet communications services, and satellite mobile communications services in Japan. It offers wireless voice and data communication services, such as second generation (2G) and third generation (3G) cellular services, and mobile multimedia services. The company provides mova services, on the 2G network, compatible with voice and data communication; FOMA services, on its 3G network, with voice and high-speed data communication, which are compatible with various services, such as videophone and video content downloading; and i-mode services, which are wireless Internet access services. As of March 31, 2010, it had approximately 56.08 million cellular subscribers. NTT DOCOMO also offers packet communications services, such as wireless data communications services using packet switching; satellite mobile communication services for communications in case of emergencies; and international calling and internationa l roaming services. In addition, the company provides mopera U Internet connection services for data cards and smartphones; embedded modules for automobile fleet management, wireless credit card settlement systems, and telemetric systems for automatic inventory checks between vending machines and service centers; and MyArea services that offer high-speed packet communication services for homes. Further, it offers home shopping services through TV media, high-speed Internet connection services for hotel facilities, advertisement services, and credit services, as well as develops, sells, and maintains IT systems. The company was formerly known as NTT Mobile Communications Network, Inc. and changed its name to NTT DOCOMO, Inc. in April 2000. NTT DOCOMO was founded in 1991 and is based in Tokyo, Japan. NTT DOCOMO, Inc. operates as a subsidiary of Nippon Telegraph and Telephone Corporation.
Advisors' Opinion:- [By Evan Niu, CFA]
Another carrier headwind
China Mobile isn't the only carrier that could boost results. Apple also inked a partnership with NTT DoCoMo (NYSE: DCM ) last September. While that was several quarters ago, it takes time to fully meet pent-up demand within large subscriber bases. NTT DoCoMo is Japan's largest, with 63.1 million subscribers at last count. - [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Japanese wireless carrier NTT DoCoMo (NYSE: DCM ) has earned a coveted five-star ranking.
- [By Evan Niu, CFA]
That's not to say that Apple doesn't have opportunities there, but rather that the country isn't at the top of its priority list. Apple has never inked a deal with Japan's largest wireless carrier, NTT DoCoMo (NYSE: DCM ) , either. The top carrier currently has 61.6 million subscribers. Japan is actually one of the few countries where iOS has Android beat in market share. Kantar Worldpanel Comtech's first-quarter estimates peg iOS at 49.2%, with Android at 45.8%.
- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Japanese wireless carrier NTT Docomo (NYSE: DCM ) has earned a coveted five-star ranking.
Top 10 Life Sciences Companies To Watch In Right Now: St. Jude Medical Inc.(STJ)
St. Jude Medical, Inc. develops, manufactures, and distributes cardiovascular and implantable neurostimulation medical devices worldwide. It operates in four segments: Cardiac Rhythm Management, Cardiovascular, Atrial Fibrillation, and Neuromodulation. The Cardiac Rhythm Management segment offers products for cardiac arrhythmias, or irregular heart beats. Its products include tachycardia implantable cardioverter defibrillator systems to provide therapy to patients suffering from lethal heart conditions, such as sudden cardiac arrest; cardiac resynchronization therapy devices to treat heart failure patients; pacemakers to help people whose hearts beat too slowly or who suffer from other cardiac arrhythmias; and leads, which connect devices to the heart and carry the electrical impulses to the heart and information from the heart to the device. The Cardiovascular segment offers mechanical and tissue replacement heart valves, as well as heart valve repair products. It also pr ovides disposable interventional devices, including vascular closure devices, compression assist devices, percutaneous catheter introducers, diagnostic guidewires, and temporary bipolar pacing catheters, as well as diagnostic coronary imaging technology. The Atrial Fibrillation segment offers a system of products for access, diagnosis, visualization, and ablation that assist physicians in diagnosing and treating various irregular heart rhythms used in the electrophysiology lab and cardiac surgery. It provides electrophysiology introducers and catheters, cardiac mapping, navigation and recording systems, and ablation systems. The Neuromodulation segment offers a range of neurostimulation systems, such as rechargeable implantable pulse generators, primary cell implantable pulse generators, and radio frequency powered systems. St. Jude Medical markets its products through a direct sales force and independent distributors. The company was founded in 1976 and is headquartered in St. Paul, Minnesota.
Advisors' Opinion:- [By Ben Levisohn]
While shares of Volcano have dropped 15% to $20.74, large-cap medical device companies are having a solid day. Boston Scientific (BSX) has gained 1.4% to 11.74, St. Jude Medical (STJ) has risen 0.9% to $48.13 and Medtronic (MDT) has ticked up 0.1% to $57.73.
Top 10 Life Sciences Companies To Watch In Right Now: Mueller Water Products Inc (MWA)
Mueller Water Products, Inc., incorporated on September 22, 2005, is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Company�� product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters, leak detection and pipe condition assessment which are used by municipalities, as well as the residential and non-residential construction industries. The Company operates in two segments: Mueller Co. and Anvil. Mueller Co. The Company�� valve or fire hydrant products are specified for use in the 100 metropolitan areas in the United States.
Mueller Co.
Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, as well as dry-barrel and wet-barrel fire hydrants and a of pipe repair products, such as clamps and couplings used to repair leaks. The Company offers residential and commercial metering products and systems and leak detection and pipe condition assessment products and services. Mueller Co. products are sold through waterworks distributors.
The Company�� fire hydrants consist of an upper barrel and nozzle section and a lower barrel and valve section that connects to a water main. In dry-barrel hydrants, the valve connecting the barrel of the hydrant to the water main is located below ground at or below the frost line, which keeps the hydrant upper barrel dry. It sells dry-barrel fire hydrants with the Mueller and U.S. Pipe Valve and Hydrant brand names in the United States and the Mueller and Canada Valve brand names in Canada. The Company also makes wet-barrel hydrants, where the valves are located in the hydrant nozzles and the barrel contains water at all times. It also makes wet-barrel hydrants, where the valves are located in the hydrant nozzles and the barrel contains water at all times.
Mueller Co. manufactures a variety of intelligent water technology products under the Mue! ller Systems and Hersey Meters brand names that are designed to help water providers accurately measure water usage. These products include water meters, advanced metering infrastructure systems and automated meter reading products, have the capability to measure water usage ranging from small residential flows to large commercial and industrial applications.
Mueller Co. offers leak detection and pipe condition assessment products and services under the Echologics brand name. Other products include pipe repair products, such as clamps and couplings used to repair leaks and municipal castings, such as manhole covers and street drain grates. It sells these products under the Mueller and Jones brand names.
The Company competes with McWane, Inc., American Cast Iron Pipe Company, The Ford Meter Box Company, Inc., A.Y. McDonald Mfg, Sensus, Neptune Technology Group, Inc., Badger Meter, Inc., Aclara LLC and Itron, Inc.
Anvil
Anvil manufactures and sources a range of products, includes fittings, couplings, hangers, valves and related products for use in many non-residential constructions for HVAC, fire protection, energy and oil and gas applications. Anvil's products are sold through distributors who then sell the products to a variety of end users. These distributors are serviced primarily through Anvil's distribution centers.
Fittings and Couplings manufactures threaded and grooved pipe fittings and couplings. Pipe fittings and couplings join two pieces of pipe together. The five categories of pipe fittings and couplings are cast iron fittings, malleable iron fittings and unions, grooved fittings, couplings and valves, threaded steel pipe coupling and nipples. Hangers, manufacture an array of pipe hangers and supports. Standard pipe hangers and supports are used in fire protection sprinkler systems and HVAC applications where the objective is to provide rigid support from the building structure.
The Company competes with Ward Man! ufacturin! g L.L.C., malleable iron fittings, Victaulic Company, Tyco International Ltd., ERICO International Corporation, Cooper Industries plc and Carpenter & Paterson, Inc.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of Mueller Water Products (NYSE: MWA ) jumped as much as 17% today after the company released earnings.
So what: Fiscal-second-quarter revenue jumped 12.6% to $283.1 million and net income was $6.2 million, or $0.05 per share. Analysts only expected revenue to be $270.8 million and earnings of $0.02 per share so this was well ahead of estimates. �
Top 10 Life Sciences Companies To Watch In Right Now: UTi Worldwide Inc.(UTIW)
UTi Worldwide Inc., through its subsidiaries, operates as a supply chain services and solutions company worldwide. Its supply chain planning and optimization services help its clients in designing and implementing solutions for their supply chains. The company operates in two segments, Freight Forwarding, and Contract Logistics and Distribution. The Freight Forwarding segment offers air and ocean freight forwarding, customs brokerage, and other related services. This segment operates as an indirect carrier for its clients or as an authorized agent for airlines and ocean carriers by providing pick-up and delivery service between the carrier and the location of the shipper or recipient. Its customs brokerage services include preparing and filing formal documentation required for clearance through customs agencies, obtaining customs bonds, facilitating payment of import duties on behalf of the importer, arranging for payment of collect freight charges, assisting with determin ing and obtaining the commodity classifications for shipments, and performing other related services. The Contract Logistics and Distribution segment offers various services, which comprise receiving, deconsolidation and decontainerization, sorting, put away, consolidation, assembly, cargo loading and unloading, assembly of freight and protective packaging, warehousing, order management, and customized distribution and inventory management services, as well as outsourced services, such as inspection services, quality centers, and manufacturing support. This segment also provides various distribution, consultation, outsourced management services, planning and optimization services, coordination of purchase orders, and customized management services. The company serves various industries, such as pharmaceutical, retail, apparel, chemical, automotive, high technology, and electronics industries. The company was founded in 1986 and is headquartered in Road Town, the British Virg in Islands.
Advisors' Opinion:- [By Anna Prior]
UTi Worldwide Inc.(UTIW) swung to a fiscal third-quarter loss as higher expenses related to its transformation efforts and other items more than offset improved freight-forwarding volume and strength in the logistics and distribution business.
- [By Victor Reklaitis]
UTi Worldwide (UTIW) is expected to post its quarterly results at 8 a.m. Eastern on Monday. Wall Street sees the provider of supply-chain services losing 12 cents per share on revenue of $1.09 billion, according to a FactSet poll of 11 analysts. Shares in UTi are down 36% this year and off 22% over the past 12 months.
- [By Jake L'Ecuyer]
Top Headline
UTi Worldwide (NASDAQ: UTIW) reported a wider-than-expected fourth-quarter loss. UTi Worldwide posted a quarterly net loss of $50.7 million, or $0.48 per share, versus a year-ago loss of $142.8 million, or $1.38 per share.
Top 10 Life Sciences Companies To Watch In Right Now: Stamps.com Inc.(STMP)
Stamps.com Inc. provides Internet-based postage solutions. The company offers solutions to mail and ship various mail pieces, including postcards, envelopes, flats, and packages. Its products and services include the United States Postal Service (USPS)-approved PC Postage Service that enables users to print electronic stamps directly onto envelopes, plain paper, or labels using personal computer, printer, and Internet connection; and PhotoStamps, a patented form of postage, which allows consumers to turn digital photos, designs, or images into valid United States postage. The company also sells NetStamps labels, shipping labels, other mailing labels, postage printers, scales, and other mailing and shipping-focused office supplies through its mailing and shipping supplies store, as well as offers back-end integration solutions, an electronic postage for transactions to manage the front-end process. In addition, it offers Stamps.com branded insurance enabling users to insure their mail or packages; and official USPS package insurance. Stamps.com Inc. serves individuals, small businesses, home offices, medium-size businesses, and large enterprises. The company was formerly known as StampMaster, Inc. and changed its name to Stamps.com Inc. in December 1998. Stamps.com Inc. was founded in 1996 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Michael Lewis]
While the United States Postal Service may be limping toward extinction, postage itself is far from a dying business. Web-based Stamps.com (NASDAQ: STMP ) had worried investors and analysts for some time that demand would soften along with the USPS decline, but it's done nearly the opposite. In its most recent quarter, Stamps.com broke company records and showed strong promise in the future. The announcement delighted investors, sending the stock up more than 13% immediately following. But with a relatively rich valuation, the company may only be a buy for opportunistic, growth-happy investors. Here's what you need to know.
- [By Jon C. Ogg]
Then there is that lucky or unlucky outcome of price hikes. The public will pay more for stamps, making you and me the losers in this. The question to ask is whether or not Stamps.com Inc. (NASDAQ: STMP) just get a built-in revenue booster per customer on a static basis?
Top 10 Life Sciences Companies To Watch In Right Now: EOG Resources Inc.(EOG)
EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. As of December 31, 2010, its total estimated net proved reserves were 1,950 million barrels of oil equivalent (MMBoe), of which 386 million barrels (MMBbl) were crude oil and condensate reserves, and 152 MMBbl were natural gas liquids reserves; and 8,470 billion cubic feet (Bcf) or 1,412 MMBoe were natural gas reserves. The company held approximately 520,000 net acres in the mature oil window of the Eagle Ford Shale Play near San Antonio, Texas. EOG Resources, Inc. was founded in 1985 and is based in Houston, Texas.
Advisors' Opinion:- [By Matt DiLallo]
EOG Resources (NYSE: EOG )
Last year natural gas wasn't kind to EOG ���he company recorded a $849.4 million impairment charge in the fourth quarter on certain of its Canadian natural gas assets. On top of that, according to the company, "total company net proved undeveloped reserves decreased 15% year-over-year due to low natural gas prices in 2012 that caused essentially all of the previously booked proved undeveloped reserves in EOG's North American dry gas properties to be written off." While this cost the company $1.27 billion in impairment charges, as these are non-cash charges it didn't affect the company's cash flow. Further, if drilling for gas at these properties proves profitable in the future, the reserves can be added back.�
Top 10 Life Sciences Companies To Watch In Right Now: Japan Petroleum Exploration Co Ltd (JPTXF)
Japan Petroleum Exploration Co., Ltd. is a company principally involved in the energy business. The Company operates in four geological segments. The Japan segment involves in the production, purchase and sale of crude oil and natural gas in Japan, the contracting of drilling and refurbishment works, mud logging works, research works, geophysical exploration works, the provision of pipeline maintenance services and security guard services, the purchase and sale of petroleum products, the transportation of petroleum and natural gas products, as well as real estate management business. The North America segment involves in the exploration and development of crude oil and natural gas in North America. The Middle East segment involves in the development of crude oil and natural gas. The Others segment involves in the exploration, development and production of crude oil and natural gas in Southeast Asia. As of March 31, 2013, the Company had 26 subsidiaries and 17 associated companies. Advisors' Opinion:- [By WWW.MARKETWATCH.COM]
LOS ANGELES (MarketWatch) -- Japanese stocks have ended with losses in every session this week, and sure enough, the Nikkei Average (JP:NIK) was down 0.6% in early Friday trade, though off an opening 0.8% defecit, while the Topix carried a 0.7% loss. Overnight losses for the U.S. and further strength in the yen (with the dollar falling to 楼101.28 from 楼101.56 a day earlier) helped drag the market lower, as did results from Fast Retailing Co. (JP:9983) (FRCOF) , the shares of which hold the heaviest weighting on Nikkei Average. Fast Retailing said that while its Uniqlo brand was doing great business, weakness for its J Brand luxury demin label helped send September-May profit down 4% and prompted another cut to Fast's full-year outlook. Consequently, its shares traded 0.7% lower, though rivals Takashimaya Co. (JP:8233) and J. Front Retailing Co. (JP:3086) (JFROF) also saw losses of 0.6% and 0.5%, respectively. Among other decliners, Sony Corp. (JP:6758) (SNE) lost 0.7%, Toshiba Corp. (JP:6502) (TOSYY) fell 2.1%, Kawasaki Heavy Industries Ltd. (JP:7012) (KWHIY) fell 1.5%, Toyota Motor Corp. (JP:7203) (TM) and Nissan Motor Co. (JP:7201)
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