JPMorgan Adjusts Price Target on Adobe(NASDAQ:ADBE) to $380 From $365
JPMorgan Adjusts Price Target on Adobe(NASDAQ:ADBE) to $380 From $365, Maintains Neutral Rating
JPMorgan Adjusts Price Target on Adobe(NASDAQ:ADBE) to $380 From $365 Read Post »
Technology
Wells Fargo Maintains Equal-Weight on Adobe (NASDAQ:ADBE) , Raises Price Target to $360
Wells Fargo analyst Michael Turrin maintains Adobe (NASDAQ:ADBE) with a Equal-Weight and raises the price target from $350 to $360.
Wells Fargo Maintains Equal-Weight on Adobe (NASDAQ:ADBE) , Raises Price Target to $360 Read Post »
Adobe(NASDAQ:ADBE) Q1 2023 sales of $4.66 billion , up 9% year-over-year
March 15, 2023 — Adobe(NASDAQ:ADBE) today reported financial results for its first quarter fiscal year 2023 ended March 3, 2023. Adobe(NASDAQ:ADBE) Guides For Q2 EPS of $3.75-$3.80 on Revenue of $4.75-$4.78 Billion, vs CIQ Analyst Consensus of $3.76/Share on Revenue of $4.76 Billion. Adobe (NASDAQ:ADBE) reported quarterly earnings of $3.80 per share which beat the analyst consensus estimate of $3.68 by 3.26 percent. The company reported quarterly sales of $4.66 billion which beat the analyst consensus estimate of $4.62 billion by 0.76 percent. First Quarter Fiscal Year 2023 Financial Highlights Adobe achieved revenue of $4.66 billion in its first quarter of fiscal year 2023, which represents 9 percent year-over-year growth or 13 percent in constant currency. Diluted earnings per share was $2.71 on a GAAP basis and $3.80 on a non-GAAP basis. GAAP operating income in the first quarter was $1.59 billion and non-GAAP operating income was $2.13 billion. GAAP
Adobe(NASDAQ:ADBE) Q1 2023 sales of $4.66 billion , up 9% year-over-year Read Post »
Needham Maintains Buy on Qorvo(NASDAQ:QRVO), Raises Price Target to $130
Needham analyst Rajvindra Gill maintains Qorvo(NASDAQ:QRVO) with a Buy and raises the price target from $105 to $130.
Needham Maintains Buy on Qorvo(NASDAQ:QRVO), Raises Price Target to $130 Read Post »
Goldman Sachs Lifts Price Target on Qorvo(NASDAQ:QRVO) to $97 From $95
Goldman Sachs Lifts Price Target on Qorvo(NASDAQ:QRVO) to $97 From $95, Maintains Neutral Rating
Goldman Sachs Lifts Price Target on Qorvo(NASDAQ:QRVO) to $97 From $95 Read Post »
Qorvo(NASDAQ:QRVO) Price Target Raised to $100.00/Share From $93.00 by Mizuho
Qorvo(NASDAQ:QRVO) Price Target Raised to $100.00/Share From $93.00 by Mizuho.
Qorvo(NASDAQ:QRVO) Price Target Raised to $100.00/Share From $93.00 by Mizuho Read Post »
Raymond James Reinstates Outperform on Qorvo(NASDAQ:QRVO), Announces $120 Price Target
Raymond James analyst Srini Pajjuri reinstates Qorvo (NASDAQ:QRVO) with a Outperform and announces $120 price target.
Raymond James Reinstates Outperform on Qorvo(NASDAQ:QRVO), Announces $120 Price Target Read Post »
Qorvo(NASDAQ:QRVO) Q3 2023 revenue of $743 million, down 33.24% year-over-year
February 1, 2023 — Qorvo(NASDAQ:QRVO) , a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2023 third quarter ended December 31, 2022. Qorvo(NASDAQ:QRVO) reported Wednesday fiscal Q3 non-GAAP earnings of $0.75 per diluted share, Analysts polled by Capital IQ expected $0.63. Revenue for the quarter ended Dec. 31, 2022, was $743.3 million, Analysts polled by Capital IQ expected $726.3 million. The company said it expects fiscal Q4 non-GAAP diluted EPS of $0.10 to $0.15. Analysts polled by Capital IQ expect $0.60. The company expects revenue for the quarter of $600 million to $640 million. Analysts polled by Capital IQ expect $725.9 million. On a GAAP basis, revenue for Qorvo’s fiscal 2023 third quarter was $743 million, gross margin was 36.1%, operating income was $9 million and loss per share was $0.16. On a non-GAAP basis, gross margin was 40.9%, operating income was $99
Qorvo(NASDAQ:QRVO) Q3 2023 revenue of $743 million, down 33.24% year-over-year Read Post »
Meta Platforms (NASDAQ:META): Expect to cut around 10,000 jobs and suspend hiring for about 5,000 positions
Meta Platforms (NASDAQ:META): Expect to cut around 10,000 jobs and suspend hiring for about 5,000 positions. Plans to reduce the number of employees in the technical group are expected to be announced in late April. The size of the hiring team will be further reduced, and the layoffs of the commercial team are expected to be announced at the end of May, focusing on optimizing the proportion of engineers.
Buzzfeed (NASDAQ:BZFD) Q4 2022 revenue of $134.6 million, down 8% year-over-year
Buzzfeed (NASDAQ:BZFD) reported a Q4 diluted loss of $0.75 per share, Analysts polled by Capital IQ expected a loss of $0.03. Revenue for the quarter that ended Dec. 31 was $134.6 million, Analysts surveyed by Capital IQ expected $131.3 million. The company expects Q1 2023 revenue to be $61 million to $67 million. Analysts polled by Capital IQ expect $83.6 million.
Buzzfeed (NASDAQ:BZFD) Q4 2022 revenue of $134.6 million, down 8% year-over-year Read Post »
GitLab(NASDAQ:GTLB) Q4 2023 revenue of $122.9 million,up 58% year-over-year
March 13, 2023 — All-Remote – GitLab Inc. (NASDAQ: GTLB), The DevSecOps Platform, today reported financial results for its fourth quarter and full fiscal year of 2023, ended January 31, 2023. GitLab Inc. (NASDAQ: GTLB) reported a fiscal Q4 non-GAAP net loss of $0.03 per share, Analysts polled by Capital IQ forecast a per-share loss of $0.14. Revenue for the quarter ended Jan. 31 was $122.9 million, Analysts polled by Capital IQ projected $119.6 million. The company said it expects a fiscal Q1 non-GAAP loss of $0.15 to $0.14 per share on revenue of $117 million to $118 million. Analysts polled by Capital IQ are looking for a loss of $0.16 per share and revenue of $126.4 million. GitLab estimates a non-GAAP loss of $0.29 to $0.24 per share and revenue of $529 million to $533 million for fiscal 2024. Analysts polled by Capital IQ are expecting a loss of $0.52 per
GitLab(NASDAQ:GTLB) Q4 2023 revenue of $122.9 million,up 58% year-over-year Read Post »
Meta Platforms (NASDAQ:META) plans a new round of layoffs likely to be comparable in 2022
According to reports, Meta Platforms (NASDAQ:META) plans to implement a new round of layoffs, which may be similar to the 2022 round, and non-engineer positions will be the most affected. It is reported that multiple rounds of layoffs will be announced in the coming months.