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Stock Market & Financial Investment News

News Breaks
June 12, 2014
11:23 EDTDAKTDaktronics responds to ICS-CERT Vanguard alert
Daktronics reported that recently a small number of North Carolina Department of Transportation Daktronics Vanguard dynamic message signs were compromised. As a result, on June 5, the Industrial Control Systems Cyber Emergency Response Team, or ICS-CERT, a division of the U.S. Department of Homeland Security, issued an alert referencing a hardcoded password in the Vanguard controller as the primary cause. The ICS-CERT later clarified the alert on Friday, June 6, stating the password is not hardcoded but is a default password that display owners should change upon installation. The company said: "While the recommendations provided by the ICS-CERT are commonly known as best practices for all display network owners, the alert itself is only applicable to transportation agencies using variable or dynamic message signs. United States transportation system device standards require manufacturers of variable or dynamic message signs to meet unique specifications that are not applicable to other Daktronics products and control systems. We appreciate our customers' continued trust in Daktronics and look forward to discussing any questions or concerns they may have regarding their Daktronics display."
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August 26, 2014
07:35 EDTDAKTDaktronics enters Q2 with solid backlog
Company said, "We are entering into the Q2 with a solid backlog and with a strong pipeline of opportunities. We continue to see our Live Events business sustaining the FY14 sales levels in FY15 due to the continued interest in large video systems in this marketplace. We also are optimistic in our Commercial spectacular business, with some increase in demand in our on premise and third party advertising applications. In International, we see opportunities for growth in all regions as compared to last fiscal year as activity levels are high worldwide. In the other units, we are seeing modest growth opportunities. We remain focused on continual improvement of the operation of our business, which directly impacts profitability. We are investing in quality and reliability systems in the manufacturing and supply chain areas; our investment in product development also continues as we focus on robust solutions for Sport, Advertising, and Transportation applications. For FY15 we plan to invest $25M for capital projects including the $4M expansion of our Minnesota manufacturing facility (nearing completion), new manufacturing equipment for various new product lines as well as machines upgrades, and in our information technology infrastructure."
07:33 EDTDAKTDaktronics reports backlog of $165M at the end of Q1
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07:31 EDTDAKTDaktronics reports Q1 EPS 20c, consensus 19c
Reports Q1 revenue $166.6M, consensus $152.25M.

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