Raymond James analyst Srini Pajjuri reinstates Marvell Technology(NASDAQ:MRVL) with a Outperform and announces $54 price target.
Raymond James reinstates Marvell Technology(NASDAQ:MRVL) price target $54 Read Post »
March 2, 2023 — Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the fourth fiscal quarter and the full fiscal year, ended January 28, 2023. Marvell Technology (NASDAQ:MRVL) reported fiscal Q4 adjusted earnings of $0.46 per diluted share, Analysts polled by Capital IQ estimated 0.47 per share. Revenue for the quarter ended Jan. 28 was $1.42 billion, Analysts surveyed by Capital IQ forecast $1.41 billion. The commpany said it projects fiscal Q1 adjusted EPS of $0.24 to $0.34 on revenue of $1.30 billion, plus or minus 5%. Analysts polled by Capital IQ are looking for an adjusted EPS of $0.41 and revenue of $1.39 billion. Net revenue for the fourth quarter of fiscal 2023 was $1.419 billion, above the midpoint of the Company’s guidance provided on January 11, 2023. GAAP net loss for the fourth quarter of fiscal 2023 was $(15) million, or
Wells Fargo analyst Andrew Nowinski maintains Zscaler (NASDAQ:ZS) with a Overweight and lowers the price target from $160 to $156.
Wells Fargo Maintains Overweight on Zscaler(NASDAQ:ZS), Lowers Price Target to $156 Read Post »
Wedbush Lowers Zscaler(NASDAQ:ZS) Price Target to $150 From $180, Keeps Outperform Rating。
Wedbush Lowers Zscaler(NASDAQ:ZS) Price Target to $150 From $180 Read Post »
Needham analyst Alex Henderson reiterates Zscaler(NASDAQ:ZS) with a Strong Buy and maintains $210 price target.
Needham Reiterates Strong Buy on Zscaler(NASDAQ:ZS), Maintains Price Target $210 Read Post »
March 2, 2023 – Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its second quarter of fiscal year 2023, ended January 31, 2023. Zscaler, Inc. (Nasdaq: ZS) reported fiscal Q2 non-GAAP net income per diluted share was $0.37, Analysts polled by Capital IQ expected a normalized EPS of $0.29 a share. Revenue for the quarter ended Jan. 31 was $387.6 million,Analysts surveyed by Capital IQ expected $364.8 million. For Q3, the company expects revenue of $396 million to $398 million and non-GAAP EPS of about $0.39. Analysts polled by Capital IQ expected $387.5 million in revenue and a normalized EPS of $0.31. For fiscal 2023, it expects revenue of $1.558 billion to $1.563 billion and non-GAAP EPS of $1.52 to $1.53. Analysts polled by Capital IQ expected $1.53 billion in revenue and a normalized EPS of $1.22. Second Quarter Fiscal 2023 Financial Highlights Revenue: $387.6 million, an increase of 52% year-over-year. Income (loss)
Zscaler(NASDAQ:ZS) Q2 2023 revenue of $387.6 million, up 52% year-over-year Read Post »
Morgan Stanley: Lowered Dell Technologies (NYSE:DELL) price target to $45 from $47
Morgan Stanley: Lowered Dell Technologies (NYSE:DELL) price target to $45 from $47 Read Post »
Deutsche Bank: Cuts Dell Technologies (NYSE:DELL) price target to $45 from $48
Deutsche Bank: Cuts Dell Technologies (NYSE:DELL) price target to $45 from $48 Read Post »
Raymond James analyst Simon Leopold maintains Dell Technologies (NYSE:DELL) with a Outperform and lowers the price target from $50 to $45.
Raymond James Lowers Dell Technologies(NYSE:DELL) Price Target to $45 from $50 Read Post »
Dell (NYSE:DELL) Raises quarterly Dividend From $0.33 To $0.37.
Dell (NYSE:DELL) Raises quarterly Dividend From $0.33 To $0.37 Read Post »
March 2, 2023 – Dell Technologies (NYSE:DELL) Delivers Fourth Quarter and Full Year Fiscal 2023 Financial Results。 Dell Technologies (NYSE:DELL) reported fiscal Q4 2023 non-GAAP earnings of $1.80 per diluted share, Analysts polled by Capital IQ expected $1.64. Revenue for the quarter ended Feb. 3 was $25.04 billion, Analysts polled by Capital IQ expected $23.51 billion. Dell ended the quarter with remaining performance obligations of $40 billion, deferred revenue of $30.3 billion and recurring revenue of approximately $5.6 billion, up 12% year-over-year. Cash and investments were $10.2 billion, and $3.8 billion was returned to shareholders in fiscal year 2023 through share repurchases and dividends. The company will increase its annual cash dividend by 12% to $1.48 per common share, with $0.37 per common share for the first quarterly distribution payable on May 5 to shareholders of record as of April 25. business outlook Sweet saids Revenue for the full fiscal year 2024
Piper Sandler analyst James Fish raised its price target on Zoom (NASDAQ:ZM) to $78 from $75 and maintained a neutral rating on the stock. The analyst told investors in a research note that fourth-quarter sales results were slightly above plan as Zoom continued to find some stability in its online customer base and key product areas such as Zoom Phone and Zoom Contact Center continued to see strong adoption. Analysts said that while bears will point out that leading metrics will continue to decelerate, with revenue growth of just 1% in fiscal 2024, Zoom’s 2024 margins remain higher than expected and even adjusted for announced layoffs.