QUOTE AND NEWS
DailyFinance  Sep 10  Comment 
Aeroflex Holding Corp. (NYSE:ARX) (the “Company”), a leading global provider of high performance microelectronic components and test and measurement equipment, announced that, at a special meeting of stockholders held...
Cloud Computing  Jul 21  Comment 
ARX, der weltweit führende Anbieter digitaler Signaturlösungen, gibt bekannt, dass sein Vorzeigeprodukt CoSign die Common Criteria EAL4+-Zertifizierung von OCSI erhalten hat. Die italienische ...
DailyFinance  Jun 18  Comment 
NEW YORK, NY -- (Marketwired) -- 06/18/14 -- Levi & Korsinsky notifies investors of Aeroflex Holding Corp. ("Aeroflex" or "the Company") (NYSE: ARX) of claims of breaches of fiduciary duty and other violations of state law against the board of...
DailyFinance  May 27  Comment 
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Aeroflex Holding Corp. (NYSE:ARX) (“Aeroflex”) in connection with the sale of the Company to Cobham plc. Click here...
DailyFinance  May 21  Comment 
Rigrodsky & Long, P.A.: Do you own shares of Aeroflex Holding Corp. (NYSE: ARX)?Did you purchase any of your shares prior to May 20, 2014?Do you think the proposed buyout price is too low?Do you want to discuss your rights?Rigrodsky &...
Benzinga  May 20  Comment 
Midway through trading Tuesday, the Dow traded down 0.20 percent to 16,478.44 while the NASDAQ tumbled 0.03 percent to 4,124.51. The S&P also fell, dropping 0.12 percent to 1,882.84. Leading and Lagging Sectors In trading on Tuesday,...
StreetInsider.com  May 20  Comment 
The following is a list of notable articles to help get you through the lunch hour: Microsoft (MSFT) Debuts Surface Pro 3 -> Read this! FireEye, Inc. (FEYE) Higher Ahead of IPO Lock-Up Expiration -> Read this! May Vitamin Sales Turn Negative...
DailyFinance  May 20  Comment 
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Aeroflex Holding...
Benzinga  May 20  Comment 
Aeroflex Holding (NYSE: ARX) shares moved up 25.75% to $10.45. The volume of Aeroflex shares traded was 40670% higher than normal. Aeroflex agreed to be acquired by Cobham plc for $10.50 per share, or $1.46 billion. Ophthotech (NASDAQ: OPHT)...
TheStreet.com  May 20  Comment 
NEW YORK (TheStreet) -- Shares of Aeroflex Holding Corp.  are up 24.55% to $10.35 in pre-market trade after it was announced that the wireless communications firm entered into a merger agreement with U.K.-listed Cobham plc, a defense and...




 
TOP CONTRIBUTORS

Aeroflex Holding (NYSE:ARX) makes and sells electrical circuits which are used in high-performance wireless communication systems. These circuits consist of radio frequency or microwave integrated components. These technologies are used by companies in the aerospace, defense, wireless communication, and medical markets.[1]

The company expects that the budget of the U.S. Department of Defense will not grow or only only grow slightly over the next few years. This is due to the departments push to cut its budget and realign spending across its priorities. However, Aeroflex expects that the reprioritization will actually significantly help the company as the DoD pushes to modernize its electrical equipment. Especially after the wear and tear placed on the electrical and wireless systems through combat. In addition, the company expects that the DoD will continue to move towards unmanned systems which require an even greater dependence on the high performance systems that Aeroflex builds.[2]

The company's initial public offering of stock on the NYSE occurred on November 18, 2010. The company offered 17.25M shares each for $13.5. This was at the low end of the initial price range of $13.5-$15.5. The IPO raised a total of $233M. The lead underwriters of the deal were Goldman, Credit Suisse, and J P Morgan Chase (JPM).[3]

Aeroflex's total net sales rose by 9.3% from 2009 to 2010. The company reported figures of $655M in 2010 and $599M in 2009. While this rise in revenues did decrease the net loss, the company continued to report a net loss through 2010. Aeroflex's net loss in 2010 was $12M, while the loss was $77M in 2009.[4]

References

  1. ARX S-1/A 2010 PROSPECTUS SUMMARY "Overview" pg 1
  2. ARX S-1/A 2010 PROSPECTUS SUMMARY "Industry Overview and Market Opportunity " pg 2-3
  3. Renaissance Capital - IPO Home "Aeroflex Holding prices IPO at $13.50, low end of the range" 18 Nov 2010
  4. ARX S-1/A 2010 PROSPECTUS SUMMARY "Summary Consolidated Financial Data " pg 11
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