Technology

Meta Platforms’s Earnings Outlook

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Meta Platforms (NASDAQ:META) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here’s what investors need to know before the announcement. Analysts estimate that Meta Platforms will report an earnings per share (EPS) of $4.56. Meta Platforms bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

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Alphabet Stock’s a ‘Bargain’ in the Magnificent Seven, Says Analyst — Barrons.com

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Angela Palumbo Alphabet stock was dropping Wednesday after investors digested disappointing fourth-quarter advertising revenue, but analysts remained bullish on the company’s artificial-intelligence opportunities and valuation. Shares of Google parent Alphabet were falling 5.6% in premarket trading Wednesday to $142.93, while Nasdaq Composite futures are about 1% in the red. Even though the tech-giant posted fourth-quarter earnings and revenue that beat Wall Street expectations, advertising sales missed the consensus call. “Although GenAI tools across Search and Ads should be tailwinds to growth, 4Q results suggest Search growth likely continues to decelerate, despite a strengthening overall ad environment and we’ll be watching whether newer GenAI ad tools improve Google’s Search revenue trajectory, ” Citi analyst Ronald Josey wrote Wednesday. Josey increased his price target on the stock to $168 from $153, and maintained his Buy rating, “given improving trends across Google Cloud, YouTube, and subscriptions as the broader advertising environment continues to

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Microsoft Earnings May Have Offered a Big Bullish Clue About Cloud Growth

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By Emily Bary Capital-spending forecast suggests Microsoft ‘has line of sight to a significant increase in cloud revenue,’ Bernstein says Forget Microsoft Corp.’s expectation for Azure revenue growth this quarter that is similar to what was seen last quarter. There may have been a far more bullish hint in the company’s latest commentary about what to expect from the cloud business. Bernstein analyst Mark Moerdler told investors to look at Microsoft’s (MSFT) capital-expenditure forecast, which calls for such spending “to increase materially on a sequential basis” on the heels of investments in cloud and artificial-intelligence infrastructure. “We believe this indicates that management has line of sight to a significant increase in cloud revenue,” Moerdler wrote in his note to clients. “We also see this as an indicator that Microsoft has taken the AI mantle and Azure could become the biggest and more important hyperscaler provider.” Moerdler further believes that Microsoft’s

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Qualcomm Q1 Earnings Preview: Analysts Focus On Automotive Growth, AI, Stock Valuation

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Qualcomm Inc (NASDAQ:QCOM), will be reporting its first-quarter earnings on Jan. 31. Wall Street expects $2.37 in EPS and $9.51 billion in revenues as the company reports after market hours. The San Diego-based company is poised to benefit significantly from the ongoing AI revolution and the resulting secular tailwinds. The convergence of AI technologies and mobile devices is expected to drive an upgrade cycle, and Qualcomm is well-positioned to capitalize on this trend. Qualcomm’s growth prospects extend beyond mobile devices, with substantial opportunities in the PC, automotive, and Internet of Things (IoT) sectors. Qualcomm’s reasonable valuation, coupled with its strong performance and competitive product releases, reinforces its position as a long-term buy. Here’s what analysts will be focusing on, and how the stock currently maps against Wall Street estimates. Qualcomm Investment Thesis The last fiscal quarter indicates positive momentum for Qualcomm’s business, with a notable increase in non-GAAP EPS and robust

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 16.8% Rosenblatt → $100 Reiterates Buy → Buy 01/18/2024 22.63% Wolfe Research → $105 Upgrades Peer Perform → Outperform 01/09/2024 8.62% Truist Securities $97 → $93 Maintains Buy 01/09/2024 12.12% Stifel $100 → $96 Maintains Buy 01/04/2024 -6.56% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 16.8% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -6.56% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 5.12% Susquehanna $95 → $90 Maintains Positive 11/03/2023 5.12% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 5.12% Keybanc $95 → $90 Maintains Overweight 11/03/2023 -0.72% Needham $100 → $85 Maintains Buy 10/24/2023 10.96% Susquehanna $100 → $95 Maintains Positive 10/11/2023 12.12% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 16.8% Needham → $100 Reiterates Buy → Buy 08/04/2023 17.96% Morgan Stanley $97 → $101

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 15.77% Rosenblatt → $200 Reiterates Buy → Buy 01/30/2024 12.87% Raymond James $190 → $195 Downgrades Strong Buy → Outperform 01/29/2024 9.98% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 01/29/2024 11.72% Morgan Stanley $128 → $193 Maintains Overweight 01/29/2024 12.87% B of A Securities $165 → $195 Maintains Buy 01/29/2024 21.56% Susquehanna $170 → $210 Maintains Positive 01/25/2024 27.34% UBS $135 → $220 Maintains Buy 01/24/2024 24.45% New Street Research → $215 Upgrades Neutral → Buy 01/23/2024 9.98% Cantor Fitzgerald → $190 Initiates Coverage On → Overweight 01/22/2024 — Northland Capital Markets Downgrades Outperform → Market Perform 01/19/2024 9.98% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 15.77% Barclays $120 → $200 Maintains Overweight 01/16/2024 12.87% Keybanc $170 → $195 Maintains Overweight 01/08/2024 8.82% Melius Research →

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Skyworks Solutions, Reports Q1 FY24 Results

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Skyworks Reports Q1 FY24 Results — Delivers Revenue of $1.202 Billion — Posts GAAP Diluted EPS of $1.44 and Non-GAAP Diluted EPS of $1.97 — Generates Record Operating Cash Flow of $775 Million and Record Free Cash Flow of $753 Million IRVINE, Calif.–(BUSINESS WIRE)–January 30, 2024– Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, today reported first fiscal quarter results for the period ended Dec. 29, 2023. Revenue for the first fiscal quarter of 2024 was $1.202 billion. On a GAAP basis, operating income for the first fiscal quarter was $258.3 million with diluted earnings per share of $1.44. On a non-GAAP basis, operating income was $365.7 million with non-GAAP diluted earnings per share of $1.97. “Skyworks continues to execute well and generate robust profitability in light of ongoing macroeconomic volatility,” said Liam K. Griffin, chairman, chief executive officer and

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Alphabet Q4 Search & Other Revenue at $48 Billion Vs Visible Alpha Analyst Consensus of $48 Billion; YouTube Ads at $9.2 Billion Vs Consensus of $9.17 Billion

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Alphabet Q4 Search & Other Revenue at $48 Billion Vs Visible Alpha Analyst Consensus of $48 Billion; YouTube Ads at $9.2 Billion Vs Consensus of $9.17 Billion。

Alphabet Q4 Search & Other Revenue at $48 Billion Vs Visible Alpha Analyst Consensus of $48 Billion; YouTube Ads at $9.2 Billion Vs Consensus of $9.17 Billion Read Post »

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