Outlook: Analog Devices sees Q4 revenue of $2.70 billion, +/- $100 million, vs. the consensus of $3.00 billion. The company sees adjusted EPS of $2.00, +/-$0.10, vs. the consensus of $2.39.
Analog Devices (NASDAQ:ADI) Q4 Outlook Read Post »
Analog Devices, Inc (NASDAQ:ADI) reported a third-quarter FY23 revenue decline of 1% year-on-year to $3.08 billion, missing the consensus of $3.10 billion. Adjusted EPS of $2.49 missed the consensus of $2.52. Analog Devices’ Industrial revenue grew 4% Y/Y to $1.63 billion. Automotive revenue increased 15% Y/Y to $747.6 million. Communications revenue declined by 23% to $380.5 million, and Consumer revenue decreased by 21% to $319.2 million. The adjusted gross margin declined by 190 bps to 72.2% as lower revenue weighed on the profits. The adjusted operating margin fell by 230 bps to 47.8%. Analog Devices held $1.15 billion in cash and equivalents and generated $1.14 billion in operating cash flow. Dividend: The board declared a quarterly cash dividend of $0.86 per share. “In a challenging operating environment, ADI executed well, and delivered third quarter results within our expectations. However, the customer inventory adjustments we mentioned last quarter have accelerated as economic conditions deteriorate
Analog Devices (NASDAQ:ADI) Q3 revenue $3.08 billion，missing consensus Read Post »
Mizuho analyst Vijay Rakesh reiterates Qualcomm (NASDAQ:QCOM) with a Buy and maintains $140 price target.
Mizuho maintains Qualcomm (NASDAQ:QCOM) $140 price target Read Post »
Mizuho analyst Siti Panigrahi reiterates Intuit (NASDAQ:INTU) with a Buy and maintains $550 price target.
Mizuho maintains Intuit (NASDAQ:INTU) $550 price target Read Post »
Morgan Stanley analyst Hamza Fodderwala maintains Palo Alto Networks (NASDAQ:PANW) with a Overweight and raises the price target from $302 to $304.
Morgan Stanley raises Palo Alto Networks (NASDAQ:PANW) price target from $302 to $304 Read Post »
Zoom (NASDAQ:ZM) Sees FY24 Adj. EPS $4.63-$4.67 vs $4.30 Est., Total Revenue $4.485B-$4.495B vs $4.48B Est.
Zoom (NASDAQ:ZM) Sees FY24 Revenue $4.485B-$4.495B vs $4.48B Est. Read Post »
Zoom Video (NASDAQ:ZM) Guides For Q3 EPS of $1.07-$1.09 on Revenue of $1.15-$1.12 Billion, Vs CIQ Analyst Consensus of $1.03/Share on Revenue of $1.12 Billion。
Zoom Video Communications (NASDAQ:ZM) reported fiscal Q2 non-GAAP net income late Monday of $1.34 per diluted share, up from $1.05 a year earlier. Analysts polled by Capital IQ expected $1.06. Revenue for the quarter ended July 31 was $1.14 billion, up from $1.10 billion a year earlier. Analysts surveyed by Capital IQ expected $1.11 billion. The video-conferencing company said it expects fiscal Q3 non-GAAP EPS of $1.07 to $1.09 on revenue of between $1.115 billion and $1.120 billion. Analysts are looking for $1.03 and $1.12 billion, respectively. The company said it now expects fiscal 2024 non-GAAP EPS of $4.63 to $4.67 on revenue of $4.485 billion to $4.495 billion. The company previously guided for non-GAAP EPS of $4.25 to $4.31 and revenue of $4.465 billion to $4.485 billion. Analysts are expecting $4.32 and $4.48 billion, respectively.
Zoom Video Communications Inc (NASDAQ:ZM) said it expects third-quarter revenue to be between $1.115 billion and $1.12 billion versus estimates of $1.13 billion. The company expects third-quarter earnings to be between $1.07 and $1.09 per share versus estimates of $1.03 per share. Full-year revenue is expected to be between $4.485 billion and $4.495 billion versus estimates of $4.48 billion. Full-year earnings are expected to be between $4.63 and $4.67 per share versus estimates of $4.30 per share.
Zoom Video Communications Inc (NASDAQ:ZM) Outlook Read Post »
Rosenblatt analyst Catharine Trebnick maintains Palo Alto Networks (NASDAQ:PANW) with a Buy and raises the price target from $250 to $290.
Rosenblatt raises Palo Alto Networks (NASDAQ:PANW) price target from $250 to $290 Read Post »
Citigroup analyst Tyler Radke maintains Snowflake (NYSE:SNOW) with a Buy and raises the price target from $189 to $191.
Citigroup raises Snowflake (NYSE:SNOW) price target from $189 to $191 Read Post »
Goldman Sachs analyst Toshiya Hari maintains Applied Materials (NASDAQ:AMAT) with a Buy and raises the price target from $135 to $155.
Goldman Sachs raises Applied Materials (NASDAQ:AMAT) price target from $135 to $155 Read Post »