Susquehanna analyst Christopher Rolland maintains Broadcom (NASDAQ:AVGO) with a Positive and raises the price target from $1400 to $1550.
Susquehanna analyst maintains Broadcom (NASDAQ:AVGO) with a Positive Read Post »
Nvidia (NVDA), with 95% of the market for graphics processing units, and rival Advanced Micro Devices (AMD) are poised to benefit with the “gaming upcycle still strong,” BofA Securities said Wednesday in a report on the semiconductor industry. The firm reiterated its buy rating for both Nvidia and AMD with “significant growth” ahead for the data center accelerator market. Overall GPU market growth is likely to be sustained at 10% to 15% in 2024 and 2025, the report said. “Data center GPU demand should remain at the forefront, with NVDA’s GTC kicking off on March 18,” BofA said, referring to the global artificial intelligence conference for developers. “Generative Artificial Intelligence will be the key theme, and we expect Nvidia to provide additional details on its roadmaps across accelerators and networking.” BofA has price targets of $925 for Nvidia and $195 for AMD. BofA expects Broadcom (AVGO) to provide details on
Nvidia, AMD to Benefit With ‘Gaming Upcycle Still Strong,’ BofA Securities Says Read Post »
Salesforce Guides For Q1 Revenue of $9.12-$9.17 Billion, Vs CIQ Analyst Consensus of $9.14 Billion: FY 2025 Revenue Seen at $37.7-$38 Billion, Vs Consensus of $38.6 Billion.
Salesforce Share Repurchase Program Authorization Increased by $10 B.
Salesforce Share Repurchase Program Authorization Increased by $10 B Read Post »
Salesforce Sees FY24 Subscription & Support Rev Growth Guidance About 10% Y/Y.
Salesforce Sees FY24 Subscription & Support Rev Growth Guidance About 10% Y/Y Read Post »
SNOWFLAKE Reports Q4 EPS $0.35, vs. Street Est of $0.18.
SNOWFLAKE Reports Q4 EPS $0.35, vs. Street Est of $0.18 Read Post »
Salesforce Inc (NYSE:CRM) reported fourth-quarter financial results Wednesday after the bell. Here’s a look at the key metrics from the quarter. Q4 Earnings: Salesforce’s fourth-quarter revenue increased 11% year-over-year to $9.29 billion, which beat the consensus estimate of $9.22 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of $2.29 per share, which beat analyst estimates of $2.26 per share. Operating margin came in at 17.5% for the fourth quarter. Cash flow from operations was up 22% year-over-year to $3.4 billion, and free cash flow was up 27% to $3.26 billion. The company ended the quarter with remaining performance obligations of $56.9 billion, up 17% year-over-year. Salesforce’s board declared its first-ever cash dividend of 40 cents per share, payable on April 11 to shareholders of record as of March 14. The company’s board also increased its share repurchase program by $10 billion. “With our trusted, unified Einstein 1 Platform, we’re
Salesforce Q4 Earnings: Revenue Beat, EPS Beat, ‘Well Positioned’ For AI Boom And More Read Post »
HP Sees 2Q Adj EPS 76c-Adj EPS 86c.
HP Sees 2Q Adj EPS 76c-Adj EPS 86c Read Post »
HP Inc. Reports Fiscal 2024 First Quarter Results PALO ALTO, Calif, Feb. 28, 2024 (GLOBE NEWSWIRE) — HP (NYSE: HPQ) — First quarter GAAP diluted net earnings per share (“EPS”) of $0.62, within the previously provided outlook of $0.60 to $0.70 per share — First quarter non-GAAP diluted net EPS of $0.81, within the previously provided outlook of $0.76 to $0.86 per share — First quarter net revenue of $13.2 billion, down 4.4% from the prior-year period — First quarter net cash provided by operating activities of $121 million, free cash flow of $25 million — First quarter returned $0.8 billion to shareholders in the form of share repurchases and dividends HP Inc.’s fiscal 2024 first quarter financial performance Q1 FY24 Q1 FY23 Y/Y ——————————————- ——- GAAP net revenue ($B) $ 13.2 $ 13.8 (4.4)% GAAP operating margin 7.1% 5.4% 1.7 pts GAAP net earnings ($B) $ 0.6 $ 0.5
HP Inc. Reports Fiscal 2024 First Quarter Results Read Post »
By Denny Jacob HP revenue declined at a lower rate for the third consecutive quarter, a sign the company believes points to market stabilization as it expects the PC market to grow in 2024. The computer and printer maker logged earnings of $622 million, or 62 cents a share, for the first quarter ended Jan. 31, up from $469 million, or 47 cents a share, a year earlier. Adjusted earnings were 81 cents a share, matching analysts’ estimates. Revenue declined 4.4%, to $13.19 billion, from $13.8 billion. Analysts polled by FactSet expected $13.56 billion. “We continue to see…a more stable but still volatile environment,” Chief Executive Enrique Lores said in an interview. Personal systems revenue declined 4%, to $8.81 billion, from a year earlier, while print revenue tumbled 5%, to $4.38 billion, during the same period. Lores noted that for PCs, the Palo Alto, Calif.-based company saw more pressure on
HP 1Q Revenue Declines at Lower Rate as Market Appears to Stabilize Read Post »
Snowflake Reports 461 Customers With Trailing 12-Month Product Revenue Greater Than $1 Million, Vs Visible Alpha Analyst Consensus of 463.
Snowflake: Sees 1Q FY25 Pdt Rev $745M – $750M, Up 26% – 27% .
Snowflake: Sees 1Q FY25 Pdt Rev $745M – $750M, Up 26% – 27% Read Post »