Keybanc analyst Jason Ader initiates coverage on ServiceNow (NYSE:NOW) with a Overweight rating
Keybanc analyst Jason Ader initiates coverage on ServiceNow (NYSE:NOW) with a Overweight rating and announces Price Target of $1000.
TD Cowen analyst Matthew Ramsay upgrades Broadcom from Market Perform to Outperform
TD Cowen analyst Matthew Ramsay upgrades Broadcom from Market Perform to Outperform and raises the price target from $1400 to $1500.
TD Cowen analyst Matthew Ramsay upgrades Broadcom from Market Perform to Outperform Read Post »
Micron Technology Swings to Fiscal Q2 Profit as Revenue Jumps; Shares Surge Premarket
Micron Technology’s (MU) shares surged 18% in premarket activity at the time of writing as the company unexpectedly reported a profit in fiscal Q2 and revenue soared more than forecast. After market close on Wednesday, Micron reported fiscal Q2 non-GAAP diluted earnings of $0.42 per share, compared to a loss of $1.91 a year earlier. Analysts polled by Capital IQ expected a loss of $0.24. Revenue for the quarter ended Feb. 29 was $5.82 billion, up from $3.69 billion a year earlier. Analysts surveyed by Capital IQ expected $5.35 billion. The company said it expects fiscal Q3 non-GAAP diluted EPS of $0.45, plus-minus $0.07. Analysts surveyed by Capital IQ expect $0.21. The company expects revenue for the quarter of $6.60 billion, plus-minus $200 million. Analysts polled by Capital IQ expect $6 billion. Micron Technology said its board declared a quarterly dividend of $0.115 per share, payable April 16 to shareholders
Micron Technology Swings to Fiscal Q2 Profit as Revenue Jumps; Shares Surge Premarket Read Post »
FactSet Reports Results for Second Quarter 2024
FactSet Reports Results for Second Quarter 2024 — Q2 GAAP revenues of $545.9 million, up 6.0% from Q2 2023. — Organic Q2 ASV plus professional services of $2,209.5 million, up 5.4% year over year. — Q2 GAAP operating margin of 33.3%, up approximately 50 bps year over year, and adjusted operating margin of 38.3%, up approximately 130 bps from the prior year. — Q2 GAAP diluted EPS of $3.65, up 8.0% from the prior year, and adjusted diluted EPS of $4.22, up 11.1% year over year. — Top-line growth expected at the lower end of the previously published guidance ranges for the fiscal year: ASV plus professional services growth of $110 – $150 million and GAAP revenues between $2,200 – $2,210 million. NORWALK, Conn., March 21, 2024 (GLOBE NEWSWIRE) — FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced results for
FactSet Reports Results for Second Quarter 2024 Read Post »
FactSet Research Sees FY24 Adj EPS $15.60-Adj EPS $16.00
FactSet Research Sees FY24 Adj EPS $15.60-Adj EPS $16.00.
FactSet Research Sees FY24 Adj EPS $15.60-Adj EPS $16.00 Read Post »
FactSet Expects FY24 Revenue to Be Toward Lower End of Guidance
By Will Feuer FactSet Research Systems posted higher revenue for its fiscal second quarter, but said it expects revenue to be at the low end of its guidance for the full year after losing some banking and wealth-management users. The Norwalk, Conn.-based company, whose offerings include analytics and data products, reported a fiscal second quarter profit of $140.9 million, or $3.65 a share, for the three months ended Feb. 29, compared with $131.6 million, or $3.38 a share, in the comparable period a year earlier. Stripping out one-time items, adjusted earnings were $4.22 a share. Analysts surveyed by FactSet expected $3.90 a share. Revenue rose 6% to $545.9 million. Analysts surveyed by FactSet expected $546.8 million. The company said revenue growth was driven by asset owners, corporates, hedge funds and private equity and venture capital clients. User count fell by 605 to 206,478 over the past three months, weighed down
FactSet Expects FY24 Revenue to Be Toward Lower End of Guidance Read Post »
Rosenblatt analyst Hans Mosesmann reiterates Broadcom with a Buy
Rosenblatt analyst Hans Mosesmann reiterates Broadcom with a Buy and maintains $1500 price target.
Rosenblatt analyst Hans Mosesmann reiterates Broadcom with a Buy Read Post »
Rosenblatt analyst Blair Abernethy reiterates Synopsys (NASDAQ:SNPS) with a Buy
Rosenblatt analyst Blair Abernethy reiterates Synopsys (NASDAQ:SNPS) with a Buy and maintains $615 price target.
Rosenblatt analyst Blair Abernethy reiterates Synopsys (NASDAQ:SNPS) with a Buy Read Post »
Boeing CEO Calhoun Might Have to Go. Three Who Could Replace Him. — Barrons.com
All the recent problems at Boeing put CEO Dave Calhoun in the hot seat. Whether he will survive the current turmoil is one question investors need to ponder. Who should succeed him is another. Pressure on Calhoun is mounting in the aftermath of another MAX crisis. The Federal Aviation Administration capped 737 MAX production at 38 per month after the Jan. 5 in-flight emergency door plug blowout. The production slowdown, and related quality issues, will lead to another year of losses in Boeing’s commercial airplane business, Boeing CFO Brian West warned on Wednesday. “Regime change now is essential,” AeroDynamic Advisory managing director Richard Aboulafia tells Barron’s. “Customers and the FAA need [their] pound of flesh,” says Benchmark analyst Josh Sullivan, who is quick to add that doesn’t mean change is coming. Boeing didn’t respond to a request for comment about succession. Sullivan’s caveat reflects how Wall Street talks about management
Boeing CEO Calhoun Might Have to Go. Three Who Could Replace Him. — Barrons.com Read Post »
Accenture’s Fiscal Q2 Adjusted Earnings Rise, Revenue Slips; Fiscal 2024 Outlook Lowered
Accenture (ACN) reported fiscal Q2 adjusted earnings of $2.77 per diluted share, up from $2.69 a year earlier. Analysts polled by Capital IQ expected $2.67. Revenue for the fiscal quarter ended Feb. 29 was $15.8 billion, down from $15.81 billion a year earlier. Analysts surveyed by Capital IQ expected $15.84 billion. For fiscal Q3, the consulting firm expects revenue of $16.25 billion to $16.85 billion. Analysts surveyed by Capital IQ expect $17 billion. For fiscal 2024, the company lowered its revenue growth forecast to 1% to 3% from 2% to 5% previously. The company also lowered its adjusted earnings projection to $11.97 to $12.20, compared to $11.97 to $12.32 previously. Analysts polled by Capital IQ expect $12.24. Shares of the company were down more than 4% in Thursday’s premarket activity.
Accenture’s Fiscal Q2 Adjusted Earnings Rise, Revenue Slips; Fiscal 2024 Outlook Lowered Read Post »
Rosenblatt analyst Barton Crockett upgrades Warner Bros. Discovery (NASDAQ:WBD) from Sell to Neutral
Rosenblatt analyst Barton Crockett upgrades Warner Bros. Discovery (NASDAQ:WBD) from Sell to Neutral and raises the price target from $7 to $10.
FactSet Research Systems Fiscal Q2 Adjusted Earnings, Revenue Climb; Reaffirms Full-Year Outlook
FactSet Research Systems (FDS) reported fiscal Q2 adjusted earnings Thursday of $4.22 per diluted share, up from $3.80 a year earlier. Analysts polled by FactSet expected $3.88. Revenue for the quarter ended Feb. 29 was $545.9 million, up from $515.1 million a year earlier. Analysts surveyed by FactSet expected $546.8 million. The company reaffirmed its fiscal 2024 guidance of adjusted diluted EPS being from $15.60 to $16.00, on revenue of $2.2 billion to $2.21 billion. Analysts polled by FactSet are expecting adjusted EPS of $15.93 on revenue of $2.21 billion.