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9900.0
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2017-07-19 00:00:00 UTC
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Here's Why You Should Dump Seagate Technology (STX) Stock
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AAOI
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https://www.nasdaq.com/articles/heres-why-you-should-dump-seagate-technology-stx-stock-2017-07-19
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nan
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nan
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On Jul 19, Zacks Investment Research downgraded Seagate Technology plc.STX to a Zacks Rank #5 (Strong Sell).
Earnings estimates for Seagate have been revised downward over the last 30 days for 2017 and 2018. Notably, the Zacks Consensus Estimate for 2017 remained unchanged at $4.46, while that for 2018 declined to $4.70 from $4.75 over the same time period. The downgrade can primarily be attributed to declining product demand, competitive market structure, sluggish macroeconomic environment and IT spending trends.
We believe Seagate's significant investments in HAMR technology, 10 and 12 terabyte Helium HDD and fourth generation SMR technology will take some more time to translate into credible top-line growth.
Notably, Seagate's shares have underperformed the S&P 500 on a year-to-date basis. While the index gained 10.1%, the stock returned 1.7%.
Intensifying Competition & Declining Demand Remain Headwinds
Seagate is experiencing a downturn primarily due to declining demand in the PC market as evident from Gartner and IDC's recently released worldwide PC shipments data.
Shift in demand from PCs to inexpensive mobile devices is hurting the growth of hard disk drives (HDD) manufacturers like Seagate. Moreover, the merger of Western Digital and SanDisk has intensified competition in the storage industry, particularly in the solid state drive (SSD) market. This remains an overhang on the company.
The company is diversifying its product portfolio to outweigh the negative impact of diminishing HDD market, thereby lessening the risk of customer concentration. However, the products are at a very nascent stage to contribute positively to its top-line growth.
Seagate Technology PLC Revenue (TTM)
Seagate Technology PLC Revenue (TTM) | Seagate Technology PLC Quote
Seagate faces pricing pressure because of high volatility in the DRAM and NAND space, which led to the company maintaining low inventories in the current quarter.
Stocks to Consider
Better-ranked stocks in the broader sector include KLA-Tencor KLAC , Veeva System VEEV and Applied Optoelectronics AAOI . All the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Long-term earnings growth rates for KLA-Tencor, Veeva and Applied Optoelectronics are projected to be 21.24%, 19.64% and 18.75%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Seagate Technology PLC (STX): Free Stock Analysis Report
Veeva Systems Inc. (VEEV): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
KLA-Tencor Corporation (KLAC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Better-ranked stocks in the broader sector include KLA-Tencor KLAC , Veeva System VEEV and Applied Optoelectronics AAOI . Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Veeva Systems Inc. (VEEV): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report KLA-Tencor Corporation (KLAC): Free Stock Analysis Report To read this article on Zacks.com click here. The downgrade can primarily be attributed to declining product demand, competitive market structure, sluggish macroeconomic environment and IT spending trends.
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Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Veeva Systems Inc. (VEEV): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report KLA-Tencor Corporation (KLAC): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the broader sector include KLA-Tencor KLAC , Veeva System VEEV and Applied Optoelectronics AAOI . On Jul 19, Zacks Investment Research downgraded Seagate Technology plc.STX to a Zacks Rank #5 (Strong Sell).
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Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Veeva Systems Inc. (VEEV): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report KLA-Tencor Corporation (KLAC): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the broader sector include KLA-Tencor KLAC , Veeva System VEEV and Applied Optoelectronics AAOI . Intensifying Competition & Declining Demand Remain Headwinds Seagate is experiencing a downturn primarily due to declining demand in the PC market as evident from Gartner and IDC's recently released worldwide PC shipments data.
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Stocks to Consider Better-ranked stocks in the broader sector include KLA-Tencor KLAC , Veeva System VEEV and Applied Optoelectronics AAOI . Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Veeva Systems Inc. (VEEV): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report KLA-Tencor Corporation (KLAC): Free Stock Analysis Report To read this article on Zacks.com click here. On Jul 19, Zacks Investment Research downgraded Seagate Technology plc.STX to a Zacks Rank #5 (Strong Sell).
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21cf3a0a-0f62-4882-aa85-4cdc8d53e751
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9901.0
|
2017-07-19 00:00:00 UTC
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ADTRAN (ADTN) Tops Earnings and Revenue Estimates in Q2
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AAOI
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https://www.nasdaq.com/articles/adtran-adtn-tops-earnings-and-revenue-estimates-in-q2-2017-07-19
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nan
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nan
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Communication network solution provider ADTRAN Inc.ADTN reported second-quarter 2017 results, wherein both the top line and the bottom line surpassed the Zacks Consensus Estimate.
The company's earnings (including stock-based compensation expenses) came in at 27 cents per share, beating the Zacks Consensus Estimate of 22 cents. Total revenue of $184.7 million was up 13.5% year over year. The top line also beat the consensus mark of $183.1 million and was primarily driven by 20.6% increase in Service sales to $29.1 million in the reported quarter. In addition, Product sales increased 12.3% year over year to $155.5 million.
Quarterly gross margin came in at 45.8% compared with 48.5% in the prior-year quarter. Operating income in the reported quarter totaled $16.4 million compared with $14.8 million in the last-year quarter.
At the end of the second quarter, ADTRAN generated $20.6 million of cash from operations, a marginal decrease from the year-ago figure. ADTRAN exited second-quarter 2017 with cash and cash equivalents of $88.8 million compared with $70.9 million at Jun 2016 end.
ADTRAN, Inc. Price, Consensus and EPS Surprise
ADTRAN, Inc. Price, Consensus and EPS Surprise | ADTRAN, Inc. Quote
Dividend
The company declared a cash dividend of 9 cents per share in the second quarter, to be paid on Aug 17 to shareholders of record as of Aug 3.
Zacks Rank & Key Picks
ADTRAN carries a Zacks Rank #3 (Hold). Better-ranked stocks in the broader Computer and Technology sector are Applied Optoelectronics AAOI , Arista Networks, Inc. ANET and Adobe Systems Incorporated ADBE . While Applied Optoelectronics flaunts a Zacks Rank #1 (Strong Buy), Arista and Adobe Systems carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Shares of Applied Optoelectronics, Arista and Adobe Systems have rallied over 100%, 16% and 13%, respectively in the last three months.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ADTRAN, Inc. (ADTN): Free Stock Analysis Report
Arista Networks, Inc. (ANET): Free Stock Analysis Report
Adobe Systems Incorporated (ADBE): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the broader Computer and Technology sector are Applied Optoelectronics AAOI , Arista Networks, Inc. ANET and Adobe Systems Incorporated ADBE . Click to get this free report ADTRAN, Inc. (ADTN): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. At the end of the second quarter, ADTRAN generated $20.6 million of cash from operations, a marginal decrease from the year-ago figure.
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Better-ranked stocks in the broader Computer and Technology sector are Applied Optoelectronics AAOI , Arista Networks, Inc. ANET and Adobe Systems Incorporated ADBE . Click to get this free report ADTRAN, Inc. (ADTN): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. ADTRAN, Inc. Price, Consensus and EPS Surprise ADTRAN, Inc. Price, Consensus and EPS Surprise | ADTRAN, Inc. Quote Dividend The company declared a cash dividend of 9 cents per share in the second quarter, to be paid on Aug 17 to shareholders of record as of Aug 3.
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Click to get this free report ADTRAN, Inc. (ADTN): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the broader Computer and Technology sector are Applied Optoelectronics AAOI , Arista Networks, Inc. ANET and Adobe Systems Incorporated ADBE . ADTRAN, Inc. Price, Consensus and EPS Surprise ADTRAN, Inc. Price, Consensus and EPS Surprise | ADTRAN, Inc. Quote Dividend The company declared a cash dividend of 9 cents per share in the second quarter, to be paid on Aug 17 to shareholders of record as of Aug 3.
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Better-ranked stocks in the broader Computer and Technology sector are Applied Optoelectronics AAOI , Arista Networks, Inc. ANET and Adobe Systems Incorporated ADBE . Click to get this free report ADTRAN, Inc. (ADTN): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The top line also beat the consensus mark of $183.1 million and was primarily driven by 20.6% increase in Service sales to $29.1 million in the reported quarter.
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da82047b-6bc3-42ca-bd8c-efc9546f722c
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9902.0
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2017-07-19 00:00:00 UTC
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Philips Agrees to Acquire TomTec, Continues Buyout Spree
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AAOI
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https://www.nasdaq.com/articles/philips-agrees-to-acquire-tomtec-continues-buyout-spree-2017-07-19
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nan
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nan
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Dutch technology behemoth, Koninklijke Philips N.V.PHG , recently announced an agreement to buy image-analysis software provider, TomTec Imaging Systems GmbH. Last month, the healthcare technology provider had announced the acquisition of two companies - CardioProlific and Spectranetics Corporation SPNC . All the three buyouts are likely to be conducive to Philips' image-guided therapy portfolio.
Philips boasts a large global installed base of customers and has earned a solid reputation among clients providing anatomical intelligence, ultra-mobile and portable ultrasound solutions.
The company has been striving to fortify its foothold in the cardiac ultrasound market. The latest buyout will likely prove to be a significant step toward achieving this goal. Financial details of the deal have been kept under wraps.
The Deal in Details
The acquisition is also expected to help Philips expand to other clinical areas, including obstetrics and gynecology. Germany-based TomTec specializes in diagnostic ultrasound that helps healthcare personnel to increase efficiency and diagnostic quality. Post this buyout, over 100 employees of TomTech will become part of Philips' Ultrasound Business Group.
Apart from helping to commercialize Philips-branded products, TomTec will continue its vendor-neutral product line and integrate these medical software applications into third-party systems. Philips' ultrasound image quality, 3D-imaging and transducer technology portfolios are expected to benefit the most from TomTec's clinical applications, workflow solutions, and research and development (R&D) capabilities.
Acquisitions to Stoke Healthcare Unit
Over the past two years, Philips has successfully morphed into a healthcare technology provider. To expand its presence in the domain, the company is increasingly turning to bolt-on acquisitions. The TomTec buyout marks the company's seventh acquisition in the calendar year. Shares of the company have returned 21.4% in the last six months, outperforming the Zacks categorized Electronic-Miscellaneous Products industry's average gain of 15.1%.
Connected Care Business Slowdown Plays a Spoilsport
Despite these positives, the macroeconomic sluggishness is having a negative impact on the company's growth drive. Some time back, President and CEO, Frans van Houten had expressed discontent about the pace of adoption of connected-care products. This is particularly alarming, considering the premium health-service provider has concertedly streamlined its massive business empire to focus mainly on healthcare.
The present structure of insurance institutions, which focuses on reimbursing critical care, and not prevention of incidents, has played a major spoilsport in thwarting investments. Though Houten remains bullish about the long-term growth drivers, weakness in the connected-care businesses continues to pose as a major overhang for Philips, at least in the short run.
In addition, the consensus analyst community is not favoring the stock as the Zacks Consensus Estimate for full-year 2017 earnings has gone down from $1.57 cents to $1.55, due to one downward estimate revisions versus zero upward.
Key Picks
Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . While Applied Materials sports a Zacks Rank #1 (Strong Buy), Applied Materials holds a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Applied Optoelectronics has a whopping average earnings surprise of 118.3% for the trailing four quarters, beating estimates all through.
With four back-to-back beats, Applied Materials has an average positive surprise of 3.4% for the trailing four quarters.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Koninklijke Philips N.V. (PHG): Free Stock Analysis Report
The Spectranetics Corporation (SPNC): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Philips boasts a large global installed base of customers and has earned a solid reputation among clients providing anatomical intelligence, ultra-mobile and portable ultrasound solutions.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Dutch technology behemoth, Koninklijke Philips N.V.PHG , recently announced an agreement to buy image-analysis software provider, TomTec Imaging Systems GmbH.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Philips' ultrasound image quality, 3D-imaging and transducer technology portfolios are expected to benefit the most from TomTec's clinical applications, workflow solutions, and research and development (R&D) capabilities.
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Key Picks Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Last month, the healthcare technology provider had announced the acquisition of two companies - CardioProlific and Spectranetics Corporation SPNC .
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aaf32525-dc4d-4341-bef0-fbb2d2823be9
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9903.0
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2017-07-19 00:00:00 UTC
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Here's Why You Should Retain TiVo in Your Portfolio Now
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AAOI
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https://www.nasdaq.com/articles/heres-why-you-should-retain-tivo-in-your-portfolio-now-2017-07-19
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nan
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nan
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Shares of TiVo CorporationTIVO , a provider of digital home entertainment services and solutions, have been performing well of late.
If you haven't taken advantage of the share price appreciation yet, its time you hold the stock to your portfolio as it looks promising and is poised to maintain the momentum. Although these stocks at times are weighed down by tough market conditions, they have potential to filter the negatives and focus on the positives.
This Zacks Rank #3 (Hold) stock has an estimated long-term earnings growth rate of 10% and a market cap of 2.28 billion.
Earnings Surprise History Encouraging
TiVo outpaced the Zacks Consensus Estimate in two of the trailing four quarters, generating a positive average earnings surprise of 67.6%.
Ahead of the Industry
TiVo has outperformed the Zacks categorized Internet Services industry over the past one month. Share price of TiVo rose 5.2% compared with the industry's gain of just 1.7% over the same time period.
Valuation
On the valuation front too, the stock looks attractive. The company currently trades at a forward P/E multiple of 17.7x, which is significantly lower than the Zacks industry's average of 36.0x. The ratio is obtained by dividing a stock's current market price with its historical or estimated earnings and measures how much an investor needs to shell out per dollar of earnings. The lower the P/E of a stock, the better for a value investor.
Growth Drivers
The merger of Rovi and TiVo has brought together two leading players in the media entertainment industry, which has complementary products and services and a number of patented technologies. The two companies have been witnessing stiff competition from Internet video providers such as Alphabet's YouTube, Netflix Inc. NFLX , Apple and Roku. Notably, these two companies were arch rivals and their merger will prove to be mutually beneficial. The new TiVo has become the global leader in entertainment technology and audience insights. The company currently has a wide range of products ranging from from interactive program guide to DVR. The combined company will have over 6,000 issued and pending patents offering it a competitive advantage against media and tech giants.
TiVo's innovative product pipeline is a major growth catalyst, in our view. The company's strategy of offering content on all devices on a real-time basis significantly enhance the utility of its products, which will drive demand, going forward. The TiVo Roamio has gained significant traction due to its added ability to connect the company's mobile apps and stream and download live as well as recorded television program. To improve customer engagement, the company launched "What to Watch Now" app for iPad owners. We believe that the company's innovative product pipeline will drive significant top-line growth over the long term.
A potential revenue stream for TiVo is advertising. The acquisition of advertising analytics provider, TRA Inc., has helped the company to focus on expanding its television ad analytics business. Moreover, the company's existing partnerships with NBC and CBS and six of the world's largest advertising companies (WPP, IPG, Publicis, Havas, Carat and Omnicom Media Group) will boost ad revenues going forward. Viewing through DVR is becoming significant part of the advertisement buying equation as its penetration is expected to grow at a favorable rate over the next 3-4 years. We believe that this should trigger a surge in the demand for TiVo technology.
Risk Remains
Intense competition is eroding TiVo's subscriber base. The company faces increasing competition from cable and satellite providers, who offer bundled up DVR service with digital cable in one set-top box at comparable monthly subscription rates and without any upfront costs. It faces significant competition from a number of companies, which have created competing DVR technologies and offer attractive licensing agreements to service providers and manufacturers of DVRs, thereby leaving little to no scope for differentiation.
Last Word
Looking at these positives, we feel TiVo is a technology stock that deserves a place in investors' portfolio.
Stocks to Consider
Few better-ranked stocks in the broader technology sector are Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
Broadcom and Applied Optoelectronics have a long-term expected earnings growth rate of 13.6% and 18.7%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Netflix, Inc. (NFLX): Free Stock Analysis Report
TiVo Corporation (TIVO): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Few better-ranked stocks in the broader technology sector are Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report TiVo Corporation (TIVO): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Drivers The merger of Rovi and TiVo has brought together two leading players in the media entertainment industry, which has complementary products and services and a number of patented technologies.
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Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report TiVo Corporation (TIVO): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Few better-ranked stocks in the broader technology sector are Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . This Zacks Rank #3 (Hold) stock has an estimated long-term earnings growth rate of 10% and a market cap of 2.28 billion.
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Stocks to Consider Few better-ranked stocks in the broader technology sector are Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report TiVo Corporation (TIVO): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. It faces significant competition from a number of companies, which have created competing DVR technologies and offer attractive licensing agreements to service providers and manufacturers of DVRs, thereby leaving little to no scope for differentiation.
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Stocks to Consider Few better-ranked stocks in the broader technology sector are Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here . Click to get this free report Netflix, Inc. (NFLX): Free Stock Analysis Report TiVo Corporation (TIVO): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #3 (Hold) stock has an estimated long-term earnings growth rate of 10% and a market cap of 2.28 billion.
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ea4676e5-71fb-4fbd-b031-5529024cde19
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9904.0
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2017-07-19 00:00:00 UTC
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And the NASDAQ Makes Three
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AAOI
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https://www.nasdaq.com/articles/and-nasdaq-makes-three-2017-07-19
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nan
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nan
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And now - after an EIGHT-session winning streak and a BIG boost from Netflix - the NASDAQ is back at an all-time high! The S&P is also at a new high (its second in the past three sessions) and the Dow strung together three straight records last week, but the NASDAQ had the toughest row to hoe after a few difficult weeks for technology that really alarmed the market.
Stocks started Tuesday with a plunge after news that the Senate would not vote to repeal and replace Obamacare…but that wasn't exactly unexpected. Once the market recovered from the Washington malaise, the focus shifted to the first big star of this earnings season…Netflix. The stock soared more than 13.5% today after strong subscriber growth numbers yesterday, and was perhaps the biggest reason that the NASDAQ advanced 0.47% today to a new record of 6344.3.
The S&P is also at a new high after gaining 0.06% to 2460.6, marking its third straight close above 2450. "That pretty much seals the deal on the breakout with new highs soon on the way," said Steve in RTA . Unfortunately, the Dow couldn't come along for the ride as the big banks pulled the index lower by 0.25% to 21,574.7.
The portfolio had a few big winners today. One of them is easy to guess, as Surprise Trader sold a third of its Netflix position for a double digit return. But the bigger winner was in TAZR Trader , which banked 40% on one of its sells. Meanwhile, Short List Trader swapped out two names this week. It's all waiting for you in the highlights section below:
Today's Portfolio Highlights:
TAZR Trader: Applied Optoelectronics (AAOI) has delivered again for the portfolio. With the stock spiking today, Kevin decided to sell this fiber optic networking company on Tuesday to secure a 40%+ return. The editor originally bought this position on June 2 and then added to it later in the month on a pullback. While he still believes AAOI is on its way to becoming a $2 billion enterprise, the ferocious short-covering of the past week has delivered quick, terrific gains that he wants to keep. Read the full write-up for more.
Surprise Trader: Netflix (NFLX) didn't disappoint on Tuesday as shares jumped more than 13.5% in the wake of yesterday's strong subscriber growth. It looks like Eric bought the stock at just the right time yesterday…and today he sold part of it at just the right time as well. The editor trimmed a third off the position this morning for a one-day return of 11.1%. The position was also the best performing stock of all the portfolios on Tuesday. Now that's a great start to earnings season...
Zacks Short List: Just a couple of swaps this week for the portfolio, as it short-covered ConocoPhillips (COP, +3.2%) and Live Nation Entertainment (LYV). The new additions that replaced these names are Inphi Corp. (IPHI) and Williams Companies (WMB). Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide.
Until Tomorrow,
Jim Giaquinto
Before You Go...
The latest 7 Best Stocks for the Next 30 Days was recently released and is waiting for ZU subscribers like you in our ZU Special Reports section. Give it a look, and while you're there scan through some of our other offerings, such as:
• Conducting the Future of Technology
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It's all waiting for you in the highlights section below: Today's Portfolio Highlights: TAZR Trader: Applied Optoelectronics (AAOI) has delivered again for the portfolio. While he still believes AAOI is on its way to becoming a $2 billion enterprise, the ferocious short-covering of the past week has delivered quick, terrific gains that he wants to keep. Surprise Trader: Netflix (NFLX) didn't disappoint on Tuesday as shares jumped more than 13.5% in the wake of yesterday's strong subscriber growth.
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It's all waiting for you in the highlights section below: Today's Portfolio Highlights: TAZR Trader: Applied Optoelectronics (AAOI) has delivered again for the portfolio. While he still believes AAOI is on its way to becoming a $2 billion enterprise, the ferocious short-covering of the past week has delivered quick, terrific gains that he wants to keep. Give it a look, and while you're there scan through some of our other offerings, such as: • Conducting the Future of Technology • 5 Stocks to Double • Invest Like Warren Buffett Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website.
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It's all waiting for you in the highlights section below: Today's Portfolio Highlights: TAZR Trader: Applied Optoelectronics (AAOI) has delivered again for the portfolio. While he still believes AAOI is on its way to becoming a $2 billion enterprise, the ferocious short-covering of the past week has delivered quick, terrific gains that he wants to keep. The stock soared more than 13.5% today after strong subscriber growth numbers yesterday, and was perhaps the biggest reason that the NASDAQ advanced 0.47% today to a new record of 6344.3.
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It's all waiting for you in the highlights section below: Today's Portfolio Highlights: TAZR Trader: Applied Optoelectronics (AAOI) has delivered again for the portfolio. While he still believes AAOI is on its way to becoming a $2 billion enterprise, the ferocious short-covering of the past week has delivered quick, terrific gains that he wants to keep. The portfolio had a few big winners today.
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19c3c209-8f9c-4a47-992d-1c1c7ae6d4e9
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9905.0
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2017-07-18 00:00:00 UTC
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What's in the Cards for Badger Meter (BMI) in Q2 Earnings?
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AAOI
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https://www.nasdaq.com/articles/whats-in-the-cards-for-badger-meter-bmi-in-q2-earnings-2017-07-18
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nan
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nan
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Badger Meter, Inc.BMI is set to report second-quarter 2017 results on Jul 21, after the closing bell.
The company reported a positive earnings surprise of 15.38% in the last quarter. However, it witnessed an average negative earnings surprise of 2.07% over the trailing four quarters.
Let's see how things are shaping up for this announcement.
Badger Meter, Inc. Price and EPS Surprise
Badger Meter, Inc. Price and EPS Surprise | Badger Meter, Inc. Quote
Factors to Consider
Badger Meter is poised to gain from consistent growth of new products in the municipal water market and acceleration in large metering projects. Robust economic growth in the company's North American markets driven by recovery in oil prices will also drive growth. Moreover, sustained strength of its core water meter business, led by the latest products and recovery in the flow instrumentation business will support its quarterly results.
However, Badger Meter's performance will be marred by rise in raw material prices, delivery delays, short-term increases in inventory and higher quality-control costs.
Earnings Whispers
Our proven model does not conclusively show that Badger Meter is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. This is not the case here as you will see below.
Zacks ESP: Badger Meter currently has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 35 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Badger Meter carries a Zacks Rank #3, which increases the predictive power of ESP. However, the company's 0.00% ESP makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Share Price Performance
We note that year to date, Badger Meter has outperformed the Zacks classified Instruments-Control sub-industry with respect to price performance. The stock gained around 10.15%, while the industry gained 7.48%.
Stocks to Consider
Here are some companies in the broader industrial products sector that have the right combination of elements to post an earnings beat this quarter:
Applied Optoelectronics, Inc. AAOI , with an Earnings ESP of +6.09% and a Zacks Rank #1, is slated to release quarterly numbers on Aug 3. You can see the complete list of today's Zacks #1 Rank stocks here .
Axcelis Technologies, Inc. ACLS , with an Earnings ESP of +3.03% and a Zacks Rank #2, is scheduled to report its results on Aug 3.
AMETEK, Inc. AME , with an Earnings ESP of +1.61% and a Zacks Rank #3, is slated to report quarterly numbers on Aug 3.
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Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Badger Meter, Inc. (BMI): Free Stock Analysis Report
AMTEK, Inc. (AME): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Here are some companies in the broader industrial products sector that have the right combination of elements to post an earnings beat this quarter: Applied Optoelectronics, Inc. AAOI , with an Earnings ESP of +6.09% and a Zacks Rank #1, is slated to release quarterly numbers on Aug 3. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Badger Meter, Inc. (BMI): Free Stock Analysis Report AMTEK, Inc. (AME): Free Stock Analysis Report To read this article on Zacks.com click here. However, Badger Meter's performance will be marred by rise in raw material prices, delivery delays, short-term increases in inventory and higher quality-control costs.
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Stocks to Consider Here are some companies in the broader industrial products sector that have the right combination of elements to post an earnings beat this quarter: Applied Optoelectronics, Inc. AAOI , with an Earnings ESP of +6.09% and a Zacks Rank #1, is slated to release quarterly numbers on Aug 3. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Badger Meter, Inc. (BMI): Free Stock Analysis Report AMTEK, Inc. (AME): Free Stock Analysis Report To read this article on Zacks.com click here. Badger Meter, Inc. Price and EPS Surprise Badger Meter, Inc. Price and EPS Surprise | Badger Meter, Inc. Quote Factors to Consider Badger Meter is poised to gain from consistent growth of new products in the municipal water market and acceleration in large metering projects.
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Stocks to Consider Here are some companies in the broader industrial products sector that have the right combination of elements to post an earnings beat this quarter: Applied Optoelectronics, Inc. AAOI , with an Earnings ESP of +6.09% and a Zacks Rank #1, is slated to release quarterly numbers on Aug 3. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Badger Meter, Inc. (BMI): Free Stock Analysis Report AMTEK, Inc. (AME): Free Stock Analysis Report To read this article on Zacks.com click here. Badger Meter, Inc. Price and EPS Surprise Badger Meter, Inc. Price and EPS Surprise | Badger Meter, Inc. Quote Factors to Consider Badger Meter is poised to gain from consistent growth of new products in the municipal water market and acceleration in large metering projects.
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Stocks to Consider Here are some companies in the broader industrial products sector that have the right combination of elements to post an earnings beat this quarter: Applied Optoelectronics, Inc. AAOI , with an Earnings ESP of +6.09% and a Zacks Rank #1, is slated to release quarterly numbers on Aug 3. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Badger Meter, Inc. (BMI): Free Stock Analysis Report AMTEK, Inc. (AME): Free Stock Analysis Report To read this article on Zacks.com click here. Badger Meter, Inc. Price and EPS Surprise Badger Meter, Inc. Price and EPS Surprise | Badger Meter, Inc. Quote Factors to Consider Badger Meter is poised to gain from consistent growth of new products in the municipal water market and acceleration in large metering projects.
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a47f342b-85b5-4f06-aaa9-7462bbd32df5
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9906.0
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2017-07-18 00:00:00 UTC
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Applied Optoelectronics, Inc.'s Best-Selling Product in 2017
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-incs-best-selling-product-2017-2017-07-18
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nan
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nan
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Optical-components maker Applied Optoelectronics (NASDAQ: AAOI) recently announced preliminary results for the second quarter of 2017, and it was a doozy. From top-line revenues to bottom-line earnings, every metric came in above the top end of management's guidance targets, and AOI's share price rose as much as 10.1% the next day.
At this point, AOI investors have enjoyed market-stomping returns of 253% in 2017 and 600% over the last 52 weeks . These massive gains are based on unrelenting demand for AOI's data-center products, to the point where the company must continue to improve its manufacturing operations in order to exploit the huge customer interest.
Let's take a closer look at the data-center components behind Applied Optoelectronics' success in 2017.
Welcome to the data center
While waiting for the full second-quarter report, let me point out that data center sales accounted for 83% of AOI's sales in the first quarter, up from 77% in the year-ago period. In particular, leading customers Amazon.com (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) added up to 73% of the company's total sales in 2016, as their rapidly growing cloud-computing services require epic numbers of high-speed data-center networks.
Copper-based Ethernet cables are going out of style for these applications, because the data streams moving around modern data centers can overwhelm gigabit cables, and faster Ethernet solutions are limited by data loss over long cable runs. The top-shelf Cat 7 cables required for 10-gigabit Ethernet connections are only rated for up to 100 meters of cable length.
That's where AOI and its sector rivals step in with fiber-optic transceiver modules rated for speeds up to 100 gigabits per second -- with no practical limit on cable lengths in the confines of a data center. AOI's 40-gigabit (40G) and 100G modules for data-center applications are listed at maximum cable runs as long as 10 kilometers.
Optical transceiver modules
About two-thirds of AOI's data-center sales are for 40G optical transceivers; the remainder comes from 100G transceivers. The mix is changing as customers look into next-generation 100G networks, and AOI is already developing 200G and 400G transceivers for future use.
The basic design of these faster solutions is not changing. The popular QSFP package seen above combines a small physical footprint with low power consumption, allowing device builders and data-center operators to cram a lot of bandwidth into small spaces. Instead, the core research is going into developing faster laser diodes. Inside 40G modules there's a bundle of four 10-gigabit diodes; the diode speed steps up to 25G in a 100G module and 56 gigabits per second in the recently introduced 200G module.
10 stocks we like better than Applied Optoelectronics
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Teresa Kersten is an employee of LinkedIn and is a member of The Motley Fool's board of directors; LinkedIn is owned by Microsoft. Anders Bylund owns shares of, and The Motley Fool owns shares of and recommends, Amazon. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Optical-components maker Applied Optoelectronics (NASDAQ: AAOI) recently announced preliminary results for the second quarter of 2017, and it was a doozy. From top-line revenues to bottom-line earnings, every metric came in above the top end of management's guidance targets, and AOI's share price rose as much as 10.1% the next day. These massive gains are based on unrelenting demand for AOI's data-center products, to the point where the company must continue to improve its manufacturing operations in order to exploit the huge customer interest.
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Optical-components maker Applied Optoelectronics (NASDAQ: AAOI) recently announced preliminary results for the second quarter of 2017, and it was a doozy. Copper-based Ethernet cables are going out of style for these applications, because the data streams moving around modern data centers can overwhelm gigabit cables, and faster Ethernet solutions are limited by data loss over long cable runs. Optical transceiver modules About two-thirds of AOI's data-center sales are for 40G optical transceivers; the remainder comes from 100G transceivers.
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Optical-components maker Applied Optoelectronics (NASDAQ: AAOI) recently announced preliminary results for the second quarter of 2017, and it was a doozy. Copper-based Ethernet cables are going out of style for these applications, because the data streams moving around modern data centers can overwhelm gigabit cables, and faster Ethernet solutions are limited by data loss over long cable runs. That's where AOI and its sector rivals step in with fiber-optic transceiver modules rated for speeds up to 100 gigabits per second -- with no practical limit on cable lengths in the confines of a data center.
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Optical-components maker Applied Optoelectronics (NASDAQ: AAOI) recently announced preliminary results for the second quarter of 2017, and it was a doozy. That's where AOI and its sector rivals step in with fiber-optic transceiver modules rated for speeds up to 100 gigabits per second -- with no practical limit on cable lengths in the confines of a data center. The mix is changing as customers look into next-generation 100G networks, and AOI is already developing 200G and 400G transceivers for future use.
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ab073bdc-5760-4310-9344-fdffa5e4acc4
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9907.0
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2017-07-17 00:00:00 UTC
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Implied Volatility Surging for Applied Optoelectronics (AAOI) Stock Options
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AAOI
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https://www.nasdaq.com/articles/implied-volatility-surging-for-applied-optoelectronics-aaoi-stock-options-2017-07-17
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nan
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nan
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Investors in Applied Optoelectronics, Inc.AAOI need to pay close attention to the stock based on moves in the options market lately. That is because the January 19 th , 2018 $45.00 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Applied Optoelectronics shares, but what is the fundamental picture for the company? Currently, Applied Optoelectronics is a Zacks Rank #1 (Strong Buy) in the Electronics - Semiconductors industry that ranks in the Top 31% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.07 per share to $1.15 in that period.
Given the way analysts feel about Applied Optoelectronics right now, this huge implied volatility could mean there's a trade developing. Often times, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Each week, our very own Dave Bartosiak gives his top options trades. Check out his recent live analysis and options trade for the TSLA earnings report completely free. See it here: Tesla Earnings Preview with Options Trade Ideas or check out the embedded video below for more details:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Investors in Applied Optoelectronics, Inc.AAOI need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Investors in Applied Optoelectronics, Inc.AAOI need to pay close attention to the stock based on moves in the options market lately. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Applied Optoelectronics, Inc.AAOI need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
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Investors in Applied Optoelectronics, Inc.AAOI need to pay close attention to the stock based on moves in the options market lately. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
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31f20c09-48ae-4b63-b7a0-2291b19cf9e4
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9908.0
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2017-07-17 00:00:00 UTC
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SAP SE Gears Up for Q2 Earnings: Is a Surprise in Store?
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AAOI
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https://www.nasdaq.com/articles/sap-se-gears-up-for-q2-earnings%3A-is-a-surprise-in-store-2017-07-17
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nan
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nan
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SAP SESAP is slated to report second-quarter 2017 results on Jul 20.
The company posted a negative earnings surprise of 19.3% in the last reported quarter. Overall, SAP has a dismal earnings surprise history, beating estimates only once in the trailing four quarters. Consequently, it has an average negative surprise of 3.0% for the observed period.
Let's see how things are shaping up for this announcement.
Factors to Consider
SAP's staple growth drivers include its resilient Cloud and Software business, an enviable business network spread and dominance over critical client demand areas, namely, customer engagement and human capital management. The company's S/4HANA has proved to be a solid profit churner, fueled by growth of cloud subscriptions and support-revenue growth in recent times. During first-quarter 2017, the company gained 400 customers, of which, 50% is entirely new.
We believe sustained growth in the cloud business and robust momentum of software business will prove conducive to operating profit and bottom-line growth for the second quarter. Over the past few months, the company has strategically expanded its innovation portfolio - SAP Leonardo - to integrate machine learning, the Internet of Things (IoT), Big Data, analytics and so on.
SAP's renewed focus on bolstering its IoT foothold is expected to boost second-quarter top line as it has resulted in significant client wins. This apart, the company's business networks, which had experienced 24% growth in first-quarter 2017, is likely to act as a catalyst for the soon-to-be-reported quarter as well. Also, solid adoption of the company's human capital management ('HCM') applications, led by SuccessFactors Employee Central, is also expected to supplement second-quarter revenue increase.
Despite these positives, economic slowdown in certain end markets is likely to hurt second-quarter financials. Weak sales in Latin American countries and China are expected to play spoilsports. Unfortunately, this trend might continue in the soon-to-be-reported quarter as well.
A weaker global client spending in the technology sector is also expected to weigh down on the company's profitability. Moreover, the cloud domain is characterized by sturdy competition from technology biggies like Microsoft, IBM and Amazon. Stiff competition in the IT industry may also dampen the second-quarter financials. Furthermore, currency fluctuations are likely to thwart sales for the upcoming results.
Earnings Whispers
Our proven model does not conclusively show that SAP will beat earnings estimates in this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here as you will see below.
Zacks ESP: Earnings ESP for the company is currently pegged at 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at $1.03. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
SAP SE Price and EPS Surprise
SAP SE price-eps-surprise | SAP SE Quote
Zacks Rank: SAP has a Zacks Rank #3. Though Zacks Rank #1, 2 and 3 increase the predictive power of the ESP, the company's ESP of 0.00% makes surprise prediction difficult.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter:
Broadcom Limited AVGO has an Earnings ESP of +1.71% and a Zacks Rank #1.
Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.09% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
Axcelis Technologies, Inc. ACLS has an Earnings ESP of +3.03% and a Zacks Rank #2.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report
SAP SE (SAP): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.09% and a Zacks Rank #1. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Over the past few months, the company has strategically expanded its innovation portfolio - SAP Leonardo - to integrate machine learning, the Internet of Things (IoT), Big Data, analytics and so on.
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Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.09% and a Zacks Rank #1. SAP SE Price and EPS Surprise SAP SE price-eps-surprise | SAP SE Quote Zacks Rank: SAP has a Zacks Rank #3.
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Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.09% and a Zacks Rank #1. SAP SE Price and EPS Surprise SAP SE price-eps-surprise | SAP SE Quote Zacks Rank: SAP has a Zacks Rank #3.
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Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.09% and a Zacks Rank #1. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The company posted a negative earnings surprise of 19.3% in the last reported quarter.
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5fc700c0-9872-4027-bca8-ae19ccbd3889
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9909.0
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2017-07-17 00:00:00 UTC
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IPG Photonics Hits 52-Week High: What's Driving the Stock?
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AAOI
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https://www.nasdaq.com/articles/ipg-photonics-hits-52-week-high%3A-whats-driving-the-stock-2017-07-17
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nan
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nan
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Share price of IPG Photonics CorpIPGP rallied to a new 52-week high of $156.10, eventually closing a tad lower at $155.50 on Jul 14. This represents a strong one-year return of approximately 89.9%, better than the Zacks categorized Lasers-Systems and Components industry's 83.4% over the same period.
The stock price momentum reflects IPG's consistent execution driven by dominant position in the fiber lasers technology market, expanding product portfolio and accretive acquisitions. We note that the company has beaten estimates in three of the last four quarters with an average positive surprise of 6.12%.
Moreover, the company's revenues have also beaten the Zacks Consensus Estimate over the trailing 12 months.
We also note that earnings estimates for fiscal 2017 have increased 4 cents to $5.95 over the last 30 days. Also, for fiscal 2018, estimates have increased 30 cents to $6.67 over the same time frame.
IPG Photonics Corporation Revenue (TTM)
IPG Photonics Corporation Revenue (TTM) | IPG Photonics Corporation Quote
Currently, IPG sports a Zacks Rank #1 (Strong Buy). The company has a market capital of $8.35 billion and a long-term expected earnings growth rate of 19.67%.
What's Backing the Rally?
Rising demand for laser technology from different sectors of the economy have expanded the scope of core material processing industries. IPG's vertically integrated business model has helped it emerge as the strongest player in this field. Owing to the comparative advantages that it enjoys like power advantages, global scale, low cost and high quality, it has been instrumental in creating a strong barrier to entry.
The company has shown rapid growth across core products, applications and geographies. Increased demand for its products from China and Eastern Europe was witnessed in the first quarter. Laser-cutter manufacturing and fiber-optic communications categories have also demonstrated strong gains.
IPG expects revenues in the range of $320-$340 million for the second quarter of 2017. Earnings are projected in the range of $1.50-$1.70 per share. The mid-point of this guidance represents quarterly revenue and earnings growth of approximately 31% and 28%, respectively, on a year-over-year basis.
Other Stocks to Consider
Other stocks worth considering in the broader technology sector include Broadcom AVGO , Lam Research LRCX and Applied Optoelectronics AAOI . All the three stocks have the same Zacks Rank as IPG. You can see the complete list of today's Zacks Rank #1 stocks here.
Long-term earnings growth rates for Broadcom, Lam Research and Applied Optoelectronics are currently projected to be 13.57%, 16.44% and 18.75%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
IPG Photonics Corporation (IPGP): Free Stock Analysis Report
Lam Research Corporation (LRCX): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Other stocks worth considering in the broader technology sector include Broadcom AVGO , Lam Research LRCX and Applied Optoelectronics AAOI . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. Share price of IPG Photonics CorpIPGP rallied to a new 52-week high of $156.10, eventually closing a tad lower at $155.50 on Jul 14.
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Other Stocks to Consider Other stocks worth considering in the broader technology sector include Broadcom AVGO , Lam Research LRCX and Applied Optoelectronics AAOI . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. IPG Photonics Corporation Revenue (TTM) IPG Photonics Corporation Revenue (TTM) | IPG Photonics Corporation Quote Currently, IPG sports a Zacks Rank #1 (Strong Buy).
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other stocks worth considering in the broader technology sector include Broadcom AVGO , Lam Research LRCX and Applied Optoelectronics AAOI . The stock price momentum reflects IPG's consistent execution driven by dominant position in the fiber lasers technology market, expanding product portfolio and accretive acquisitions.
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Other Stocks to Consider Other stocks worth considering in the broader technology sector include Broadcom AVGO , Lam Research LRCX and Applied Optoelectronics AAOI . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. We also note that earnings estimates for fiscal 2017 have increased 4 cents to $5.95 over the last 30 days.
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19af270c-398f-4d86-8621-00a955bbc074
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9910.0
|
2017-07-17 00:00:00 UTC
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What's in the Cards for Skyworks (SWKS) in Q3 Earnings?
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AAOI
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https://www.nasdaq.com/articles/whats-in-the-cards-for-skyworks-swks-in-q3-earnings-2017-07-17
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nan
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nan
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Skyworks Solutions Inc . SWKS is set to release third-quarter fiscal 2017 results on Jul 20. Notably, the company has a positive record of earnings surprises in the trailing four quarters, with an average surprise of 3.01%.
In the preceding quarter, the company delivered a positive earnings surprise of 2.31%. The company reported second-quarter fiscal 2017 non-GAAP earnings of $1.45 per share, which increased 16% from the year-ago quarter but declined 9.9% on a sequential basis.
Revenues of $851.7 million were up 9.9% year over year and beat the Zacks Consensus Estimate of $840 million. It however decreased 6.8% sequentially but fared better than management's guidance (down 8% sequentially).
For fiscal third-quarter 2017, revenues are expected to be up 18% year over year to $890 million. Non-GAAP earnings are anticipated to be $1.52 per share, up 23% on a year-over-year basis.
The solid results along with positive guidance has helped the stock outperform the S&P 500 on a year-to-date basis. While the industry gained 11.4%, Skyworks returned 40.1% over the same time frame.
Factors to Consider
Leveraging on product innovation and adoption, we expect Skyworks to gain further traction in the wireless devices market and retain its favored component provider position with the smartphone original equipment manufacturers (OEMs).
We note that the company is well poised to benefit from growth of the Internet of Things (IoT) market, which is anticipated to expand five-fold, reaching 75 billion units by 2025. The increase is expected to be driven by robust demand for connected home, smart grid, factory automation, wearables and virtual assistants.
Notably, the 5G upgrade cycle is also a major tailwind for the company. Moreover, the company also enriched its product portfolio by launching high efficiency power amplifiers for advanced LTE applications. The demand for highly integrated architecture is increasing with the transition from 4G to 5G technology. These products bode well for the company's performance.
Skyworks Solutions, Inc. Price and EPS Surprise
Skyworks Solutions, Inc. Price and EPS Surprise | Skyworks Solutions, Inc. Quote
However, slow growth rate of the smartphone market and higher level of inventories with Chinese smartphone providers are headwinds. Moreover, rumors related to delay in the launch of Apple's AAPL iPhone 8 is a significant negative for the stock price.
Earnings Whispers
Our proven model does not conclusively show that Skyworks is likely to beat on earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below.
Zacks ESP : Skyworks' Earnings ESP is -0.70%. This is because the Most Accurate estimate is pegged at $1.41 while the Zacks Consensus Estimate stands at $1.42 per share. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank : Skyworks carries a Zacks Rank #3, which when combined with a negative ESP makes surprise prediction difficult.
We caution against stocks with a Zacks Rank #4 and 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies that, as per our model, that have the right combination of elements to post an earnings beat this quarter:
Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.1%. It sports a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Cypress Semiconductor Corporation CY sports a Zacks Rank #1 and has an Earnings ESP of +11.1%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cypress Semiconductor Corporation (CY): Free Stock Analysis Report
Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Here are some companies that, as per our model, that have the right combination of elements to post an earnings beat this quarter: Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.1%. Click to get this free report Cypress Semiconductor Corporation (CY): Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Factors to Consider Leveraging on product innovation and adoption, we expect Skyworks to gain further traction in the wireless devices market and retain its favored component provider position with the smartphone original equipment manufacturers (OEMs).
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Click to get this free report Cypress Semiconductor Corporation (CY): Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are some companies that, as per our model, that have the right combination of elements to post an earnings beat this quarter: Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.1%. Skyworks Solutions, Inc. Price and EPS Surprise Skyworks Solutions, Inc. Price and EPS Surprise | Skyworks Solutions, Inc. Quote However, slow growth rate of the smartphone market and higher level of inventories with Chinese smartphone providers are headwinds.
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Stocks to Consider Here are some companies that, as per our model, that have the right combination of elements to post an earnings beat this quarter: Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.1%. Click to get this free report Cypress Semiconductor Corporation (CY): Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Skyworks Solutions, Inc. Price and EPS Surprise Skyworks Solutions, Inc. Price and EPS Surprise | Skyworks Solutions, Inc. Quote However, slow growth rate of the smartphone market and higher level of inventories with Chinese smartphone providers are headwinds.
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Stocks to Consider Here are some companies that, as per our model, that have the right combination of elements to post an earnings beat this quarter: Applied Optoelectronics, Inc. AAOI has an Earnings ESP of +6.1%. Click to get this free report Cypress Semiconductor Corporation (CY): Free Stock Analysis Report Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The solid results along with positive guidance has helped the stock outperform the S&P 500 on a year-to-date basis.
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41c0e51a-69f1-46fd-a9eb-d498b96b96b2
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9911.0
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2017-07-17 00:00:00 UTC
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Plexus (PLXS) to Report Q3 Earnings: What's in the Cards?
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AAOI
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https://www.nasdaq.com/articles/plexus-plxs-to-report-q3-earnings%3A-whats-in-the-cards-2017-07-17
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nan
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nan
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Plexus Corp.PLXS is set to report third-quarter fiscal 2017 results on Jul 19, after the closing bell. The company reported a positive earnings surprise of 10.53% in the last quarter. Further, it has delivered an average positive earnings surprise of 2.52% over the trailing four quarters.
Let's see how things are shaping up for this announcement.
Factors to Consider
For third-quarter fiscal 2017, revenues are projected in the range of $595-$625 million. GAAP earnings are projected within 68-76 cents per share. GAAP operating margin is expected to be 4.8-5.2%.
For Healthcare/Life sciences Sector, management expects growth to be in mid-single digits driven by increasing end-market demand and new wins, while for Industrial/Commercial sector, revenues are anticipated to be flat year over year.
Communications sector is stated to be marred by softening end market demand as well as timing of new product launches, whereas Defense/Security/Aerospace, bolstered by increasing end-market demand and new program wins, is projected to see revenues up in mid-single digits sequentially.
We note that on a year-to-date basis Plexus' shares have decreased 2.4%, underperforming the Zacks categorized Electronics Manufacturing Services industry's gain of 16.7% over the same period.
Nevertheless, we believe that a healthy number of program wins is a big positive for the company. In the last reported quarter, Plexus won 26 programs worth approximately $202 million in its Manufacturing Solutions group and has added over $813 million in revenues in the trailing four quarters due to new wins. In addition, the company announced that qualified manufacturing opportunities reached $3 billion revenue run rate in the quarter.
Moreover, as an engineering-focused EMS player, Plexus is well-positioned to benefit from the increasing outsourcing trend among healthcare, industrial and defense/aerospace OEMs; given its exposure to high-growth segments, streamlining of operations and strong cash flow generation abilities.
Furthermore, the consolidation of the company's production facilities in low-cost areas is expected to boost margins, going forward. Additionally, a robust shareholder return policy continues to drive the stock.
Plexus Corp. Price and EPS Surprise
Plexus Corp. Price and EPS Surprise | Plexus Corp. Quote
Earnings Whispers
Our proven model does not conclusively show that Plexus is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below.
Zacks ESP: Plexus currently has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 72 cents. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Plexus carries a Zacks Rank #3, which increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some stocks you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Applied Optoelectronics, Inc. AAOI with an Earnings ESP of +6.09% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
IPG Photonics Corporation IPGP with an Earnings ESP of +3.07% and a Zacks Rank #1.
Lam Research Corporation LRCX with an Earnings ESP of +1.33% and a Zacks Rank #1.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
IPG Photonics Corporation (IPGP): Free Stock Analysis Report
Lam Research Corporation (LRCX): Free Stock Analysis Report
Plexus Corp. (PLXS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Here are some stocks you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Applied Optoelectronics, Inc. AAOI with an Earnings ESP of +6.09% and a Zacks Rank #1. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report Plexus Corp. (PLXS): Free Stock Analysis Report To read this article on Zacks.com click here. We note that on a year-to-date basis Plexus' shares have decreased 2.4%, underperforming the Zacks categorized Electronics Manufacturing Services industry's gain of 16.7% over the same period.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report Plexus Corp. (PLXS): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here are some stocks you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Applied Optoelectronics, Inc. AAOI with an Earnings ESP of +6.09% and a Zacks Rank #1. Plexus Corp. Price and EPS Surprise Plexus Corp. Price and EPS Surprise | Plexus Corp. Quote Earnings Whispers Our proven model does not conclusively show that Plexus is likely to beat earnings this quarter.
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Stocks to Consider Here are some stocks you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Applied Optoelectronics, Inc. AAOI with an Earnings ESP of +6.09% and a Zacks Rank #1. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report Plexus Corp. (PLXS): Free Stock Analysis Report To read this article on Zacks.com click here. Plexus Corp. Price and EPS Surprise Plexus Corp. Price and EPS Surprise | Plexus Corp. Quote Earnings Whispers Our proven model does not conclusively show that Plexus is likely to beat earnings this quarter.
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Stocks to Consider Here are some stocks you may want to consider as our model shows that these have the right combination of elements to post an earnings beat: Applied Optoelectronics, Inc. AAOI with an Earnings ESP of +6.09% and a Zacks Rank #1. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report IPG Photonics Corporation (IPGP): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report Plexus Corp. (PLXS): Free Stock Analysis Report To read this article on Zacks.com click here. The company reported a positive earnings surprise of 10.53% in the last quarter.
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b1f2c2dc-e074-446a-84af-9e8ae6fc7e20
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9912.0
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2017-07-17 00:00:00 UTC
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Proofpoint (PFPT) on Growth Trajectory: Should You Hold?
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AAOI
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https://www.nasdaq.com/articles/proofpoint-pfpt-on-growth-trajectory%3A-should-you-hold-2017-07-17
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nan
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nan
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A prudent investment decision involves buying stocks that have solid prospects and selling those that carry risks. At times it is rational to hold certain stocks that have enough potential but are weighed down by tough market conditions. Here we have discussed Proofpoint Inc.PFPT , a stock with expected long-term earnings per share growth rate of 29.3% and Growth Style Score of 'A'.
In the last one year, Proofpoint has outperformed the Zacks Computer Software-Service industry. The stock has returned approximately 34% in the said period, outperforming the industry's gain of just 24.6%.
Driving Factors
Proofpoint reported better-than-expected results for top line in the first quarter and raised its outlook for 2017. Although the company's bottom-line results fell short of estimates, the figure improved year over year.
Proofpoint reported total revenue of $113.3 million, up 43.3% year over year, mainly driven by customer additions, improved add-on-sales and strong renewal rate. The company's revenues also surpassed the Zacks Consensus Estimate of $110 million and moved ahead of its own guidance range of $109-$111 million.
The company's adjusted loss per share narrowed year over year to 38 cents from 54 cents posted in the year-ago quarter. The year-over-year improvement was primarily stemmed by strong top-line growth and efficient cost management, which were partially offset by higher share counts.
Proofpoint also raised it guidance for the full year. For 2017, the company anticipates revenues in the range of $496-$500 million, up from the earlier guidance range of $488-$492 million. Billings' guidance for the year has been revised upward and is now anticipated between $619.0 million and $623 million. Earlier, the same was projected in the range of $611-$615 million.
Similarly, non-GAAP earnings per share are now expected to be between 56 cents and 59 cents, up from the previous guidance range of 49-52 cents.
Proofpoint is a leading security-as-a-service provider that focuses on cloud-based solutions for threat protection, compliance, archiving & governance and secure communications. The company's sustained focus on launching products, acquisitions and partnerships have helped it to register more 40% revenue growth consistently for the last few quarters.
According to a Markets and Markets report, the cyber security market will touch $202.36 billion in 2021 from $122.45 billion in 2016, representing a compounded annual growth rate of 10.6%. The favourable trend in the space is likely to aid Proofpoint's financial results.
Concerns
Since the company continues to invest in sales and marketing, we expect this to remain a drag on the company's bottom line in the near term. Intense competition and an uncertain macroeconomic environment add to its woes.
Bottom Line
Notably, this Zacks Rank #3 (Hold) company has shown an uptrend in terms of earnings as is evident from its average positive earnings surprise of 8.7% in the trailing four quarters.
We believe that the stock still has much potential, which essentially filters the negatives and focus on the positives which drive price.
Stocks to Consider
Few better-ranked stocks in the broader broader technology sector are Applied Materials, Inc. AMAT , Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here.
Applied Materials, Broadcom and Applied Optoelectronics have a long-term expected earnings growth rate of 16.6%, 13.6% and 18.7%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Proofpoint, Inc. (PFPT): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Few better-ranked stocks in the broader broader technology sector are Applied Materials, Inc. AMAT , Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here. Click to get this free report Proofpoint, Inc. (PFPT): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The year-over-year improvement was primarily stemmed by strong top-line growth and efficient cost management, which were partially offset by higher share counts.
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Stocks to Consider Few better-ranked stocks in the broader broader technology sector are Applied Materials, Inc. AMAT , Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here. Click to get this free report Proofpoint, Inc. (PFPT): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Materials, Broadcom and Applied Optoelectronics have a long-term expected earnings growth rate of 16.6%, 13.6% and 18.7%, respectively.
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Stocks to Consider Few better-ranked stocks in the broader broader technology sector are Applied Materials, Inc. AMAT , Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here. Click to get this free report Proofpoint, Inc. (PFPT): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Proofpoint reported total revenue of $113.3 million, up 43.3% year over year, mainly driven by customer additions, improved add-on-sales and strong renewal rate.
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Stocks to Consider Few better-ranked stocks in the broader broader technology sector are Applied Materials, Inc. AMAT , Broadcom Limited AVGO and Applied Optoelectronics, Inc. AAOI , each sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today's Zacks #1 Rank stocks here. Click to get this free report Proofpoint, Inc. (PFPT): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Driving Factors Proofpoint reported better-than-expected results for top line in the first quarter and raised its outlook for 2017.
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18f2f2e4-ab81-4a30-ac1c-988172e7ff8a
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9913.0
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2017-07-17 00:00:00 UTC
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Applied Optoelectronics, Tableau Software, Exa, Microsoft and Barracuda Networks highlighted as Zacks Bull and Bear of the Day
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-tableau-software-exa-microsoft-and-barracuda-networks-highlighted
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nan
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nan
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For Immediate Release
Chicago, IL - July 17, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Tableau Software (NYSE: DATA - Free Report ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Exa Corp. (NASDAQ: EXA - Free Report ), Microsoft (NASDAQ: MSFT - Free Report ) and Barracuda Networks (NYSE: CUDA - Free Report ).
Here is a synopsis of all five stocks:
Bull of the Day :
Applied Optoelectronics (NASDAQ: AAOI - Free Report ) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week.
That rocket launch came from an explosive combination of ingredients:
1) a company that has become a "serial pre-announcer" of positive sales and earnings surprises
2) a stock that was beaten down from its May highs near $75 after a growing bear thesis crept into the shares
3) a short interest of 10.37 million shares -- well over 50% of the float! -- that was like kindling in a bonfire when the company delivered this little message in a July 13 press release...
"I'm pleased to announce that we expect to deliver another record quarter with our top and bottom-line results expected to exceed our guidance," said Dr. Thompson Lin, Applied Optoelectronics, Inc. founder, president and CEO.
And here were the details...
Second Quarter 2017 Preliminary Unaudited Financial Results
· Revenue of approximately $117.3 million, above the prior outlook of $106.0 million to $112.0 million.
· GAAP and non-GAAP gross margin in the range of 45.0% to 45.4%, above the prior non-GAAP outlook of 41.0% to 42.5%.
· GAAP fully diluted earnings per share in the range of $1.37 to $1.42 and non-GAAP fully diluted earnings per share in the range of $1.31 to $1.36, using a weighted-average fully diluted share count of approximately 20.4 million shares. This is above the prior non-GAAP outlook of $1.09 to $1.19 per share, using approximately 20.4 million shares.
And that is why AAOI popped from $72.64 (last Wednesday's close) to record highs over $86 on Friday, driving those holding the 10.377 million shares short to get out, or get burned.
Bear of the Day :
Tableau Software (NYSE: DATA - Free Report ), the exciting $4.9 billion provider of data visualization software and analytics for enterprise customers, is once again in the cellar of the Zacks Rank. This is not because estimates have come down further recently, but rather because they haven't started going back up yet.
The stock is stuck in that no-man's land for earnings estimate revisions where we are not sure if they are going to continue southward, or forge a fresh turnaround.
Since a mixed Q1 earnings report on May 3 -- a beat on adjusted EPS loss of 3-cents per share, but a miss on GAAP -- the stock has actually ground its way higher.
And on June 13, Goldman Sachs upgraded shares to a Buy rating and the investment bank raised their price target to $78 from $59. Yet, we still saw no meaningful EPS estimate revisions higher.
2017 earnings estimates started out strong, but then reality set in. And this is always the challenge for an exciting SaaS technology company with optimistic Street expectations that fails to deliver, quarter after quarter.
Missed On Top Line, But Business is Growing
Tableau realized sales of $199.9 million, missing the Zacks consensus estimate of $201 million for Q1.
Ratable license books were 26% of the company's total license bookings, up from 12% in the prior-year quarter. The company said it closed 294 transactions greater than $100,000, up 10% year over year.
Tableau added more than 3,300 customer accounts in the quarter. The company now has 57,000+ customer accounts.
"Customers enthusiastically embraced our subscription licensing offerings in Q1, as reflected in our 26% ratable license bookings mix," said CEO Adam Selipsky. "Subscription reduces risk for our customers, lowers their upfront investment and we expect will lead to higher demand for Tableau over time."
The Meaning of DATA
In the digital age, we are flooded in information and the new data sources are multiplying exponentially with the Internet of Things. Tracking and measuring data to make business decisions has never been more important for corporations.
But the deluge of data can be overwhelming, and knowing how to track, measure, and decide has become a giant rabbit's hole for many.
The solution is learning to harness and harvest the flood of data in new, compelling, and scientifically relevant ways.
So the folks at Tableau ask... What happens when you put together an Academy Award-winning professor, a brilliant computer scientist at the world's most prestigious university, and a savvy business leader with a passion for data?
You get solutions for one of the most challenging problems in software: making databases and spreadsheets understandable to ordinary people.
The mind behind Pixar, Stanford Professor Pat Hanrahan realized too it was a project that could change the world. A founding member of Pixar and chief architect for RenderMan, Pat had already transformed the world of animated film. He says...
"We create pictures that answer questions, but we do it for businesses that want to know things about their data."
Hanrahan and a team of Stanford Ph.D.s realized that computer graphics could deliver huge gains in people's ability to understand data. The breakthrough arose when they brought together two computer science disciplines for the first time: computer graphics and databases. Their invention VizQL™ let people analyze data just by building drag & drop pictures of what they wanted to see.
Let's hear how the company describes their mission...
We help people see and understand their data.
Eight words that drive everything we do. And they've never been more important.
In 2020 the world will generate 50 times the amount of data as in 2011 and 75 times the number of information sources (IDC, 2011). Within these data are huge opportunities for human advancement. But to turn opportunities into reality, people need the power of data at their fingertips. Tableau is building software to deliver exactly that.
Bottom line on DATA: If they execute on their mission, this exciting company could become the Adobe , or maybe even the Microsoft of the 21st century. When the Zacks Rank turns around, and you can visualize it on the Zacks Price & Consensus chart, you'll want to be a buyer.
Additional content:
Tech Sector Applauds Gartner IT Spending Forecast
The world's leading research and advisory company - Gartner Inc. - recently raised its forecast for Worldwide IT spending for 2017, giving technology companies a reason to cheer.
What Gartner Predicts
The firm now anticipates global IT spending to mark a 2.4% year-over-year increase, up from its previous forecast of 1.4%. In dollar terms, IT spending will reach $3.48 trillion from the prior projection of $3.41 trillion.
If this happens, the year will mark a solid recovery in IT spending after two consecutive years of decline. Notably, in 2015 and 2016, worldwide spending declined 5.5% and 0.6%, respectively.
This is the third time when Gartner has revised its forecast for 2017 IT spending. Earlier, the firm had lowered its expectations on two occasions from the original forecast of 2.9%. Its estimate was first brought down to 2.7% in Jan 2017, followed by another drop to 1.4% in April, citing enterprise customer moving to cloud and strong U.S. dollar as the main reasons.
However, Gartner has now become optimistic, once again. The research firm noted two major catalysts which, it believes, will drive IT spending this year.
The first catalyst highlighted by Gartner is decline in the U.S. dollar against several foreign currencies. Secondly, the firm foresees an uptick in digital transformation projects in the near term which will enable organizations to spend more on IT related infrastructure, products and services.
According to John-David Lovelock, vice president and distinguished analyst at Gartner, digital business is deeply impacting business operations. In addition, it is creating innovative categories, such as the convergence of 'software plus services plus intellectual property.'
Such next-generation offerings are backed by business and technology platforms, which will later act as catalysts for fresh categories of spending. He further mentioned that some of the Industry-specific disruptive technologies include the Internet of Things (IoT) in manufacturing, blockchain in financial services (and other industries), and smart machines in retail. It should be noted that disruptive technology has been transforming business.
Computer and Technology Sector 5YR % Return
Segmental Growth Expectation
Per Gartner's latest report, every IT segment will witness growth in spending, with Enterprise Software leading the way. It may witness a 7.6% rise this year and reach $351 billion. As more organizations will undergo digital transformation, there will be greater need for automation and application functionality, which will stoke the segment's growth, cited Gartner.
This will be followed by the Devices segment (PCs, tablets, ultramobiles and mobile phones), which is anticipated to register 3.8% growth in spending and reach $654 billion, mainly driven by strong sales of mobiles. The research firm stated that increased mix of basic phones over utility phones and higher average selling prices of premium phones in mature markets will drive Mobile phone growth in 2017.
The IT Services segment is anticipated to register 3.1% growth in spending and reach $922 billion. Spending across the Data Center Systems segment may see a 0.3% increase and touch $171 billion. Communication Services segment is likely to witness 0.3% growth and reach $1.378 trillion.
Apart from revising estimates for 2017, the IT research firm also updated its forecasts for 2018, which is higher than its previous forecast. For 2018, Gartner predicts worldwide spending to reach $3.6 trillion, marking growth of 3.5% from the 2017 estimated level. The revised figure is higher than the previous projection of 2.9% growth and $3.56 trillion.
The Enterprise Software segment will continue to lead with 8.6% anticipated growth, while IT Services, Devices, Communication Services and Data Center Systems segments will witness respective increases of 4.7%, 3.6%, 1.6% and 1.2% in spending.
However, it should be noted that despite projections of growth in 2017 and 2018, the overall IT spending will remain below the 2014 level of $3.8 trillion.
Bottom Line
In 2015 and 2016, worldwide IT spending was hit hard by global concerns such as a persistent decline in oil prices , slowdown in the Chinese economy and a strong U.S. dollar against major currencies. Additionally, last year's events like the hype over Brexit, the U.S. Presidential election and the Fed rate hikes also made organizations tighten their spending on IT.
Nonetheless, the optimistic forecast provided by Gartner depicts that this year may witness a revival in overall spending, primarily led by Software, Devices and IT Services segments.
So, it will be prudent to shift your focus to Software, Devices and IT Services stocks which still hold promise. Stocks like Exa Corp. (NASDAQ: EXA - Free Report ), Microsoft (NASDAQ: MSFT - Free Report ) and Barracuda Networks (NYSE: CUDA - Free Report ), are backed by buy ratings. While Exa sports a Zacks Rank #1 (Strong Buy), Microsoft and Barracuda Networks carry Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Tableau Software, Inc. (DATA): Free Stock Analysis Report
Exa Corporation (EXA): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Barracuda Networks, Inc. (CUDA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here is a synopsis of all five stocks: Bull of the Day : Applied Optoelectronics (NASDAQ: AAOI - Free Report ) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week. For Immediate Release Chicago, IL - July 17, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Tableau Software (NYSE: DATA - Free Report ) as the Bear of the Day. And that is why AAOI popped from $72.64 (last Wednesday's close) to record highs over $86 on Friday, driving those holding the 10.377 million shares short to get out, or get burned.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Tableau Software, Inc. (DATA): Free Stock Analysis Report Exa Corporation (EXA): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Barracuda Networks, Inc. (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 17, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Tableau Software (NYSE: DATA - Free Report ) as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day : Applied Optoelectronics (NASDAQ: AAOI - Free Report ) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week.
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Get the full Report on AAOI - FREE Get the full Report on DATA - FREE Get the full Report on EXA - FREE Get the full Report on CUDA - FREE Get the full Report on MSFT - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Tableau Software, Inc. (DATA): Free Stock Analysis Report Exa Corporation (EXA): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Barracuda Networks, Inc. (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - July 17, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Tableau Software (NYSE: DATA - Free Report ) as the Bear of the Day.
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For Immediate Release Chicago, IL - July 17, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Tableau Software (NYSE: DATA - Free Report ) as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day : Applied Optoelectronics (NASDAQ: AAOI - Free Report ) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week. And that is why AAOI popped from $72.64 (last Wednesday's close) to record highs over $86 on Friday, driving those holding the 10.377 million shares short to get out, or get burned.
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962d5fe1-f6b8-464f-ae6d-60542c96bca0
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9914.0
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2017-07-17 00:00:00 UTC
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Noteworthy Monday Option Activity: SBGI, AAOI, RLGY
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AAOI
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https://www.nasdaq.com/articles/noteworthy-monday-option-activity-sbgi-aaoi-rlgy-2017-07-17
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Sinclair Broadcast Group Inc (Symbol: SBGI), where a total of 6,342 contracts have traded so far, representing approximately 634,200 underlying shares. That amounts to about 52.3% of SBGI's average daily trading volume over the past month of 1.2 million shares. Especially high volume was seen for the $35 strike call option expiring December 15, 2017 , with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of SBGI. Below is a chart showing SBGI's trailing twelve month trading history, with the $35 strike highlighted in orange:
Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 14,640 contracts, representing approximately 1.5 million underlying shares or approximately 50.3% of AAOI's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $80 strike put option expiring July 21, 2017 , with 1,361 contracts trading so far today, representing approximately 136,100 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $80 strike highlighted in orange:
And Realogy Holdings Corp (Symbol: RLGY) options are showing a volume of 5,970 contracts thus far today. That number of contracts represents approximately 597,000 underlying shares, working out to a sizeable 49.9% of RLGY's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $30 strike call option expiring September 15, 2017 , with 5,845 contracts trading so far today, representing approximately 584,500 underlying shares of RLGY. Below is a chart showing RLGY's trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for SBGI options , AAOI options , or RLGY options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $80 strike put option expiring July 21, 2017 , with 1,361 contracts trading so far today, representing approximately 136,100 underlying shares of AAOI. Below is a chart showing SBGI's trailing twelve month trading history, with the $35 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 14,640 contracts, representing approximately 1.5 million underlying shares or approximately 50.3% of AAOI's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $80 strike highlighted in orange: And Realogy Holdings Corp (Symbol: RLGY) options are showing a volume of 5,970 contracts thus far today.
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Below is a chart showing SBGI's trailing twelve month trading history, with the $35 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 14,640 contracts, representing approximately 1.5 million underlying shares or approximately 50.3% of AAOI's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $80 strike highlighted in orange: And Realogy Holdings Corp (Symbol: RLGY) options are showing a volume of 5,970 contracts thus far today. Below is a chart showing RLGY's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for SBGI options , AAOI options , or RLGY options , visit StockOptionsChannel.com.
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Below is a chart showing SBGI's trailing twelve month trading history, with the $35 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 14,640 contracts, representing approximately 1.5 million underlying shares or approximately 50.3% of AAOI's average daily trading volume over the past month, of 2.9 million shares. Below is a chart showing RLGY's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for SBGI options , AAOI options , or RLGY options , visit StockOptionsChannel.com. Particularly high volume was seen for the $80 strike put option expiring July 21, 2017 , with 1,361 contracts trading so far today, representing approximately 136,100 underlying shares of AAOI.
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Below is a chart showing SBGI's trailing twelve month trading history, with the $35 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 14,640 contracts, representing approximately 1.5 million underlying shares or approximately 50.3% of AAOI's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $80 strike put option expiring July 21, 2017 , with 1,361 contracts trading so far today, representing approximately 136,100 underlying shares of AAOI. Below is a chart showing RLGY's trailing twelve month trading history, with the $30 strike highlighted in orange: For the various different available expirations for SBGI options , AAOI options , or RLGY options , visit StockOptionsChannel.com.
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4e97d02f-ca9a-4246-86c5-7c4735acb1e5
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9915.0
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2017-07-17 00:00:00 UTC
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Top Stock Picks for the Week of July 17th
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AAOI
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https://www.nasdaq.com/articles/top-stock-picks-week-july-17th-2017-07-17
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nan
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nan
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This week's top stock picks are in!
Brian and Eric each discuss a company that they think should be on investors' radars this week, and the two companies are in very different sectors.
First up is Eric's pick, as he discusses Union Pacific (UNP), a Zacks Rank #2 (Buy) stock. The company reports earnings later in the week and Eric likes the company thanks to its strong industry rank as well as its impressive VGM Score.
Additionally, the company also has a great earnings estimate revision picture including a positive Earnings ESP. Eric also discusses the recent estimates a bit more in-depth including the longer-term picture for the company.
Brian then talks about a stock that has been extremely hot lately, Applied Optoelectronics (AAOI). This company is a Zacks Rank #1 (Strong Buy) and it has been a top performer too, which has put it on Brian's list of stocks to watch.
Brian also details why this company's near-term future looks so bright, and why a Value Score of 'D' doesn't bother him at all. He believes that the growth story here-and the A Score on that front-more than outweigh any valuation concerns, but watch the video for more of his thoughts on this stock, and the broader chip sector in general too.
Check out the video for more information on both of these companies.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Union Pacific Corporation (UNP): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Brian then talks about a stock that has been extremely hot lately, Applied Optoelectronics (AAOI). Click to get this free report Union Pacific Corporation (UNP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. First up is Eric's pick, as he discusses Union Pacific (UNP), a Zacks Rank #2 (Buy) stock.
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Click to get this free report Union Pacific Corporation (UNP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Brian then talks about a stock that has been extremely hot lately, Applied Optoelectronics (AAOI). First up is Eric's pick, as he discusses Union Pacific (UNP), a Zacks Rank #2 (Buy) stock.
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Click to get this free report Union Pacific Corporation (UNP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Brian then talks about a stock that has been extremely hot lately, Applied Optoelectronics (AAOI). The company reports earnings later in the week and Eric likes the company thanks to its strong industry rank as well as its impressive VGM Score.
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Brian then talks about a stock that has been extremely hot lately, Applied Optoelectronics (AAOI). Click to get this free report Union Pacific Corporation (UNP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The company reports earnings later in the week and Eric likes the company thanks to its strong industry rank as well as its impressive VGM Score.
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6d995021-28e8-48b8-8ac2-c79409bb25cd
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9916.0
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2017-07-17 00:00:00 UTC
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Cray (CRAY) Looks Good: Stock Adds 6.2% in Session
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AAOI
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https://www.nasdaq.com/articles/cray-cray-looks-good%3A-stock-adds-6.2-in-session-2017-07-17
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nan
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nan
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Cray Inc.CRAY was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $17.40 -$18.80 in the past one-month time frame, witnessed a sharp increase yesterday.
The stock gained after sources announced that the company will be providing its Urika-GX system to Alan Turing Institute.
The company has not seen any estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Cray currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Cray Inc Price and Consensus
Cray Inc Price and Consensus | Cray Inc Quote
A better-ranked stock in the Computer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is CRAY going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cray Inc (CRAY): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cray Inc Price and Consensus Cray Inc Price and Consensus | Cray Inc Quote A better-ranked stock in the Computer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Cray Inc (CRAY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. This stock, which remained volatile and traded within the range of $17.40 -$18.80 in the past one-month time frame, witnessed a sharp increase yesterday.
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Cray Inc Price and Consensus Cray Inc Price and Consensus | Cray Inc Quote A better-ranked stock in the Computer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Cray Inc (CRAY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Cray Inc Price and Consensus Cray Inc Price and Consensus | Cray Inc Quote A better-ranked stock in the Computer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Cray Inc (CRAY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Predict to see what others think: Up or Down Today's Stocks from Zacks' Hottest Strategies It's hard to believe, even for us at Zacks.
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Cray Inc Price and Consensus Cray Inc Price and Consensus | Cray Inc Quote A better-ranked stock in the Computer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Cray Inc (CRAY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Cray Inc.CRAY was a big mover last session, as the company saw its shares rise over 6% on the day.
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1476073d-40d7-4aee-8c32-3a6f3ac24de2
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9917.0
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2017-07-17 00:00:00 UTC
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Bull of the Day: Applied Optoelectronics (AAOI)
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AAOI
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https://www.nasdaq.com/articles/bull-day-applied-optoelectronics-aaoi-2017-07-17
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nan
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nan
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Applied Optoelectronics (AAOI) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week.
That rocket launch came from an explosive combination of ingredients:
1) a company that has become a "serial pre-announcer" of positive sales and earnings surprises
2) a stock that was beaten down from its May highs near $75 after a growing bear thesis crept into the shares
3) a short interest of 10.37 million shares -- well over 50% of the float! -- that was like kindling in a bonfire when the company delivered this little message in a July 13 press release...
"I'm pleased to announce that we expect to deliver another record quarter with our top and bottom-line results expected to exceed our guidance," said Dr. Thompson Lin, Applied Optoelectronics, Inc. founder, president and CEO.
And here were the details...
Second Quarter 2017 Preliminary Unaudited Financial Results
Revenue of approximately $117.3 million, above the prior outlook of $106.0 million to $112.0 million.
GAAP and non-GAAP gross margin in the range of 45.0% to 45.4%, above the prior non-GAAP outlook of 41.0% to 42.5%.
GAAP fully diluted earnings per share in the range of $1.37 to $1.42 and non-GAAP fully diluted earnings per share in the range of $1.31 to $1.36, using a weighted-average fully diluted share count of approximately 20.4 million shares. This is above the prior non-GAAP outlook of $1.09 to $1.19 per share, using approximately 20.4 million shares.
And that is why AAOI popped from $72.64 (last Wednesday's close) to record highs over $86 on Friday, driving those holding the 10.377 million shares short to get out, or get burned.
Why the Massive Short Position?
This scramble begs the obvious question: why are so many so busy being short this "serial surpriser?"
I explained all this in my June report on the company. I'll share some key excerpts...
First, you have to understand that AAOI shares saw a terrific 200% rally in the first half of this year after big sales growth and a broader awareness of who their big customers were.
Alphabet (GOOGL), Amazon (AMZN), Facebook (FB), and Microsoft (MSFT) are the top builders of cloud-based data centers in what is sometimes called Web 2.0, as massive amounts of dynamic, high-bandwidth content -- especially the kind involving user-generated video and parallel processing for virtual reality and AI functions -- will require lots of advanced, high-speed optical equipment.
And three of these top four architects of Web 2.0 (all but Alphabet) are reportedly "AOI" customers. (The company uses the initials AOI to represent Applied Optoelectronics Inc. and I will often follow that convention in this article.)
Based on sales projections to these web giants, analysts quickly raised their estimates for the top and bottom lines of AOI this year, keeping shares a Zacks #1 Strong Buy.
The Math of AOI Optimism
In late April and early May, analysts from Raymond James reviewed Q1 reports from AOI and its mega customers and found the spending trends to be very positive, despite AOI's over-dependence on AMZN alone for nearly 50% of sales.
The analysts estimated that cloud capex is expected to grow 14% year over year in 2017 to $39.1 billion. The big 4 were estimated to have spent a combined $7.4 billion on capex in the March quarter, a 20% year-over-year increase.
And Amazon was the leader, with a capex of $1.86 billion, vs consensus for $1.5 billion, while the other 3 were weaker than expectations.
Since Amazon Web Systems (AWS) growth is considered a good proxy for gauging optical equipment demand, the Raymond James analysts saw clear runway for over 70% top line growth this year for AOI to $445 million, and over 20% growth next year to $543 million.
They consequently raised their price target on AAOI shares to a Street high $100.
And they were joined by other investment bank analysts raising earnings estimates. In the past 60 days, the full-year 2017 Zacks EPS consensus moved 15% higher from $3.76 to $4.34.
But 2018 profit projections surged nearly 24% to $5.01 from $4.05.
A Fly in the Champagne?
Since that spring optimism, the month of June has been much more humbling to AOI, as concerns about demand from China hit optical stocks.
And more importantly, there is a notable "bear" case on AOI as short-interest on the stock rose to nearly 50% at the end of May.
Granted, much of the short interest could be from aggressive traders who want to fade the company's 200% moonshot this year.
But some hedge funds are focused on the fact that AOI may be getting temporarily luck filling orders in one passing generation of optical gear at the expense of the next generation market opportunity.
Here was how I summed up the situation for my TAZR Trader members recently, where we own the stock...
AAOI is recording stunning sales growth in a segment of the market that other players have left behind, namely 40 Gigabit Ethernet fiber optic switching equipment. The competition is preparing for the 100G era. The bears claim that management is misrepresenting the current good times with superstar customers AMZN, MSFT, and FB, because in a quarter or two, (1) commodity pricing will resume in this area and (2) big data center customers will be transitioning more toward 100G, where AAOI cannot compete with other fiber players, including possible moves by Intel. There is also skepticism about terrific margins in such a competitive space.
But since the emergence of this bear case, no major investment bank analysts have given us any reason to pay attention to it.
Cowen & Co. analysts put out a note last week and reiterated their Outperform rating and $94 price target after AOI issued a press release about production goals being exceeded.
After the company's June 19 announcement that it expects to achieve its goal of manufacturing 1 million lasers by end of 2017, analyst Paul Silverstein believes this reinforces his AAOI investment thesis and he continues to see meaningful upside to both AAOI's operating model and shares driven by positive leverage to Web 2.0 data center buildouts.
New Competition Surfaces
AAOI shares were down 6.5% on Monday (June 26) after research hit the street that Fabrinet (FN) was ramping a 100G product for Amazon using MACOM (MTSI) design and components.
Needham & Company analyst, Alex Henderson, reiterated his Strong Buy rating on shares of Applied Optoelectronics acknowledging the increasing competition but still expecting quarterly beats and raises from AOI.
Henderson noted that he had expected and modeled for competition when he started coverage of AOI in May with an $85 price target. Here's what he said then, courtesy of StreetInsider...
"We see substantial upside to AOI's revenue forecasts, gross margin estimates, and valuation. We think AOI will materially exceed Street estimates in CY17 as the industry rolls through the steep ramp phase of the Data Comm upgrade to 25G/100G. We think the timidity of the Street estimates provides significant upside to the stock. Moreover, we de-risked our CY18 forecast by modeling in pricing pressure as demand and supply come into balance and price declines squeeze out marginal players. AOI looks like the market share leader and lower cost supplier. We expect very strong demand growth over the next several years as the Web 2.0 Big Data, Social Media and IaaS companies drive efficiencies through their current and new scaled-out Data Center footprints."
The outlook for AOI is still strong, but investors are nervous about competition. A couple of weeks from now we should have more visibility on the second half. AOI doesnt reportQ2 earnings until early August, but if the quarter was strong, we can expect the company to preannounce in July like they did in April.
(end of excerpt from June 26 Bull of the Day on AAOI)
The Bulls Charge After the July 13 Preannounce
Here's what I shared with my TAZR Trader group on Thursday as I collected investment bank analyst notes...
Piper Jaffray, Raymond James and Cowen & Co. analysts all chimed in this morning on the good news.
Piper Jaffray raised its price target on Applied Optoelectronics to $90 from $85 while maintaining their Overweight rating.
Analyst Troy Jensen said he believes top line strength will continue through 2017 and well into 2018 in light of the imbalance due to quantities of 100G transceivers that Web 2.0 clients are demanding. He also noted the company can sustain industry leading gross/operating margin levels thanks to the company's competitive advantage being vertically integrated and sees significant room for further expansion.
Jensen raised his 2017 EPS estimate from $4.82 to $5.14 and 2018 profit projection from $5.22 to $5.53. He kept his 2019 estimate at $5.80.
Cowen analyst Paul Silverstein raised his price target on Applied Optoelectronics to $100 from $94 and maintained his Outperform rating following today's positive preannouncement.
Silverstein said he continues to see meaningful upside to both AAOI's operating model and shares driven by positive leverage to Web 2.0, still early ramp in 100G, and potential penetration of China Web 2.0 customers.
The firm raised their Street-high revenue and EPS estimates by $13 million and $0.33, respectively, to $472 million and $5.55 for 2017. And for 2018, they bumped their sales and profit projections by $25 million and $0.49 to $570 million and $5.79. Silverstein even nudged 2019 estimates up by $16 million and $0.26 to $618 million and $5.80.
Raymond James analysts reiterated their Strong Buy rating on Applied Optoelectronics and increased their estimates, while also raising their price target to $107 from $100 following the company's positive pre-announce. Here's what they had to say...
Management commentary lacked details on the source of the strength, but we associate the positive results to a combination of AAOI's success expanding product output along with a favorable mix driven by increasing demand for its 100G solutions. We do not anticipate strong contributions from Microsoft (as a customer) in F2Q17, and this remains a 2H17 story and a source of upside to our estimates.
Bottom line: Keep AAOI on your buy list this quarter and watch for a good pullback under $80.
Disclosure: I own AAOI shares for the Zacks TAZR Trader.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Microsoft Corporation (MSFT): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here was how I summed up the situation for my TAZR Trader members recently, where we own the stock... AAOI is recording stunning sales growth in a segment of the market that other players have left behind, namely 40 Gigabit Ethernet fiber optic switching equipment. Here's what they had to say... Management commentary lacked details on the source of the strength, but we associate the positive results to a combination of AAOI's success expanding product output along with a favorable mix driven by increasing demand for its 100G solutions. Applied Optoelectronics (AAOI) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week.
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After the company's June 19 announcement that it expects to achieve its goal of manufacturing 1 million lasers by end of 2017, analyst Paul Silverstein believes this reinforces his AAOI investment thesis and he continues to see meaningful upside to both AAOI's operating model and shares driven by positive leverage to Web 2.0 data center buildouts. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics (AAOI) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week.
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After the company's June 19 announcement that it expects to achieve its goal of manufacturing 1 million lasers by end of 2017, analyst Paul Silverstein believes this reinforces his AAOI investment thesis and he continues to see meaningful upside to both AAOI's operating model and shares driven by positive leverage to Web 2.0 data center buildouts. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics (AAOI) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week.
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They consequently raised their price target on AAOI shares to a Street high $100. Applied Optoelectronics (AAOI) is now a $1.5 billion fiber optics component and system supplier, after a 25% rally in shares last week. And that is why AAOI popped from $72.64 (last Wednesday's close) to record highs over $86 on Friday, driving those holding the 10.377 million shares short to get out, or get burned.
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9918.0
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2017-07-15 00:00:00 UTC
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Applied OptoElectonics 500% One-Year Return: Everythng Investors Need to Know
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectonics-500-one-year-return-everythng-investors-need-know-2017-07-15
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Since last summer, shares of Applied OptoElectronics (NASDAQ: AAOI) are up nearly 500% and nearly 200% since the start of 2017. Those numbers have drawn the attention of many investors, and while the stock could have more upside left in it, caution is a must after such an impressive run .
Friends with the right people at the right time
Founded during the tech boom of the late 1990s, AOI is a designer and manufacturer of components used in fiber optic communications equipment. The company went public in the fall of 2013. It's been a wild ride for those that have been on since then, but the rewards have been ample.
Data by YCharts.
How did the stock get here? It's all about the customer, and in the last year it's been one customer in particular: Amazon .
AOI has diversified its business across four areas -- data centers, cable TV, fiber-to-the-home, and telecom -- but the data center has far and away been the catalyst for growth. The company reported that in 2016, Amazon accounted for 54.6% of business as the company builds out and updates data centers. In second place was Microsoft accounting for 18.3% of revenue.
The same trend has continued so far this year. Demand from new data centers that needing the fiber optics materials that AOI provides has grown so much that the company is now highly reliant on that segment.
Chart by author. Data source: Applied OptoElectronics quarterly earnings reports.
For those that had the foresight to buy in early, congrats. For those of us on the outside looking in, there could be big risks involved in buying in now.
Playing the Devil's advocate
I understand how the stock chart looks, and the AOI rhetoric about the increasing need for data center build outs and upgrades make it sound like the stock will keep going to the moon. Perhaps AOI is a future multi-billion dollar a year company in the making. That possibility can make buying shares a strong temptation. But it's worth considering a few facts AOI itself has mentioned before blindly jumping aboard.
1. AOI's business is cyclical
The company is dependent on a limited number of customers -- the top ten made up 96% of revenue last year -- and the demand from those customers can ebb and flow. AOI also points out that every segment of its business is characterized by constant and rapid changes in technology, wide fluctuations in product demand, and difficulties with forecasting future needs. As a result, share prices can be wild , evident in the above chart since the company went public in 2013.
2.The competition is substantial
AOI said in its 2016 annual report that it has multiple competitors for each segment of its business. With growth in the data center business on the rise, its also reasonable to believe that competition will increase. Also noteworthy is that some of those competitors -- like Mitsubishi and Sumitomo Electric Industries -- are much larger businesses with more financial and marketing prowess than AOI.
3. Exuberance is priced into current valuations
The company announced during its last earnings report it expects revenue to about double during the second quarter from the same period last year. It also expects profits to come in at $22 to $24 million on an adjusted basis, up from $2.8 million in the second quarter last year. If that comes to pass, it would be an impressive feat, but remember share prices are up nearly 500% in that time. Wall Street is already expecting those numbers, so an investment now would only make sense if the numbers continued to churn higher than that.
Curbing enthusiasm
If you do buy , do it with the intent of holding for a long time. Maybe in the short-term further gains are in store. But if things head south from missed earnings expectations, a more moderate business outlook, or a period of decreased demand for AOI's product, stay focused on the future potential the company has as technology firms upgrade their infrastructure with fiber optics.
In the interest of full disclosure, though, I am not a buyer here. After quick triple digit returns for a business that is cyclical by nature, I fear the downside potential is higher than the upside at this particular point in time.
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Teresa Kersten is an employee of LinkedIn and is a member of The Motley Fool's board of directors. LinkedIn is owned by Microsoft. Nicholas Rossolillo has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Since last summer, shares of Applied OptoElectronics (NASDAQ: AAOI) are up nearly 500% and nearly 200% since the start of 2017. Friends with the right people at the right time Founded during the tech boom of the late 1990s, AOI is a designer and manufacturer of components used in fiber optic communications equipment. AOI also points out that every segment of its business is characterized by constant and rapid changes in technology, wide fluctuations in product demand, and difficulties with forecasting future needs.
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Since last summer, shares of Applied OptoElectronics (NASDAQ: AAOI) are up nearly 500% and nearly 200% since the start of 2017. The company reported that in 2016, Amazon accounted for 54.6% of business as the company builds out and updates data centers. Data source: Applied OptoElectronics quarterly earnings reports.
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Since last summer, shares of Applied OptoElectronics (NASDAQ: AAOI) are up nearly 500% and nearly 200% since the start of 2017. The company reported that in 2016, Amazon accounted for 54.6% of business as the company builds out and updates data centers. Playing the Devil's advocate I understand how the stock chart looks, and the AOI rhetoric about the increasing need for data center build outs and upgrades make it sound like the stock will keep going to the moon.
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Since last summer, shares of Applied OptoElectronics (NASDAQ: AAOI) are up nearly 500% and nearly 200% since the start of 2017. The company reported that in 2016, Amazon accounted for 54.6% of business as the company builds out and updates data centers. As a result, share prices can be wild , evident in the above chart since the company went public in 2013.
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9919.0
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2017-07-14 00:00:00 UTC
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Taiwan Semi (TSM) Misses on Q2 Earnings, Guidance Dull
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AAOI
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https://www.nasdaq.com/articles/taiwan-semi-tsm-misses-on-q2-earnings-guidance-dull-2017-07-14
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nan
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nan
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Taiwan Semiconductor Manufacturing Co.TSM reported second-quarter 2017 earnings of 42 cents per ADR, which missed the Zacks Consensus Estimate by 14 cents. Further, it decreased 8.7% on a year-over-year basis and 24.3% sequentially.
Moreover, revenues decreased 3.8% year over year and 8.7% sequentially to $7.06 billion. The figure was better the Zacks Consensus Estimate of $7.03 billion. The year-over-year decline was primarily due to headwinds related supply chain inventory management, mobile product seasonality, and an unfavorable foreign exchange rate.
We note that management's third-quarter guidance was unimpressive due to continued inventory adjustments at most of the smartphone manufacturers as well as unfavorable currency movement. However, management reiterated top-line growth guidance for 2017.
Quarter Details
North America accounted for 60% of total revenue, while revenue from Asia Pacific, China, EMEA (Europe, Middle East, and Africa) and Japan accounted for 14%, 11%, 7%, and 8% of total revenue, respectively.
Taiwan Semiconductor Manufacturing Company Ltd. Price, Consensus and EPS Surprise
Taiwan Semiconductor Manufacturing Company Ltd. Price, Consensus and EPS Surprise | Taiwan Semiconductor Manufacturing Company Ltd. Quote
By application, Communication, Computer and Consumer decreased 10%, 14%, and 7% respectively, while Industrial/Standard increased 9%.
By technology, 10-nanometer (nm) process technology contributed 1% of total wafer revenues. The combined 16/20-nm contribution was 26% of total wafer revenues.
Advanced technologies (28-nm and below) accounted for 54% of total wafer revenues. The company has increased 28-nm capacity to meet customer demand.
Further, Taiwan Semi expanded and improved 28-nm technologies from 28HPC to 28HPC+ and now to 22-nm. Management noted that 22ULP based technology offers a 15% performance gain or 35% power reduction as compared with 28HPC+. This technology is suitable for applications in Internet of Things (IoT), ISP, GPS, WiFi, RF and 5G millimeter wave. The company expects volume production to begin in 2018.
For 16-nm, the company will extend this technology into 12-nm, which will have about a 10% better performance or 25% lower power consumption as compared with a 16FFC. Moreover, 12-nm customers can use almost the same IP ecosystem of 16-nanometer to design better products, resulting in lower costs.
N7 & N7+: Key Catalysts
Management noted that the 7-nm product (including N7 and N7+ products) has gained significant traction (already 30 customers) within short span of receiving technology qualification. Taiwan Semi expects to have 13 new N7 product tape-outs in 2017. So far, N7 yield is well ahead of the company's plan. Moreover, it continues to expect 10-nm to contribute to about 10% of wafer revenues this year.
Taiwan Semi expects to have a very fast and smooth N7 ramp-up in 2018, with its yield better than the 16-nm. Management also noted that N7+ would be the most advanced foundry process in 2018. It anticipates offering EUV in second-half 2018 on N7+ and then full insertion in first-quarter 2019.
Third Quarter Guidance Unimpressive
For third-quarter 2017, Taiwan Semi expects revenues to be in the range of $8.12-$8.22 billion. The guidance implies 15.7% sequential growth in revenues, driven by fast increase in the availability of 10-nm mobile customer products, partially offset by continuous inventory adjustments. Application wise, Computer and Consumer will grow better than Communication in the third quarter.
Taiwan Semi expects China smartphone market to start recovering with new model launches launch in third-quarter 2017. Management expects continued good momentum in industrial and automotive sectors.
Gross margin is anticipated between 48.5% and 50.5%, while operating margin to range between 37% and 39%.
Moreover, fourth-quarter 2017 is expected to be a strong quarter, as inventory corrections phases out.
2017 Guidance Reiterated
Management expects second-half 2017 revenues to grow almost 5% over second-half 2016.
For 2017, worldwide non-memory semiconductor growth rate is now projected to increase from 4% to 6%. This is primarily driven by a richer product mix in several markets, including computing, communication and automotive. Taiwan Semi also increased foundry growth forecast from 5% to 6%.
For 2017, the company still expects revenues to grow in the range of 5-10% (in U.S. dollar). Management noted that 10-nm yield is slightly ahead of schedule. Further, it expects 10-nm to contribute almost 10% of wafer revenues this year. The 10-nm ramp will impact Taiwan Semi's second-half 2017 gross margin by about 2 to 3 percentage points.
Management noted that long-term growth guidance of 5-10% remains intact, with high performance computing (HPC) and artificial intelligence (AI) related applications. The company estimates that HPC total addressable market (TAM) is currently almost $10-$11 billion, which is anticipated to grow 10% a year going forward.
AI applications from the likes of Alphabet GOOGL Google division and Apple's AAPL Neural Engine are growth drivers for Taiwan Semi in the long haul.
Zacks Rank & Key Picks
Taiwan Semi currently carries a Zacks Rank #2 (Buy). Applied Optoelectronics AAOI with Zacks Rank #1 (Strong Buy) is a stock worth considering in the broader sector. You can see the complete list of today's Zacks #1 Rank stocks here .
Long-term earnings growth rate for Applied Optoelectronics is currently pegged at 18.75%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics AAOI with Zacks Rank #1 (Strong Buy) is a stock worth considering in the broader sector. Click to get this free report Alphabet Inc. (GOOGL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report To read this article on Zacks.com click here. The year-over-year decline was primarily due to headwinds related supply chain inventory management, mobile product seasonality, and an unfavorable foreign exchange rate.
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Click to get this free report Alphabet Inc. (GOOGL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI with Zacks Rank #1 (Strong Buy) is a stock worth considering in the broader sector. Taiwan Semiconductor Manufacturing Company Ltd. Price, Consensus and EPS Surprise Taiwan Semiconductor Manufacturing Company Ltd. Price, Consensus and EPS Surprise | Taiwan Semiconductor Manufacturing Company Ltd. Quote By application, Communication, Computer and Consumer decreased 10%, 14%, and 7% respectively, while Industrial/Standard increased 9%.
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Click to get this free report Alphabet Inc. (GOOGL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI with Zacks Rank #1 (Strong Buy) is a stock worth considering in the broader sector. Taiwan Semiconductor Manufacturing Company Ltd. Price, Consensus and EPS Surprise Taiwan Semiconductor Manufacturing Company Ltd. Price, Consensus and EPS Surprise | Taiwan Semiconductor Manufacturing Company Ltd. Quote By application, Communication, Computer and Consumer decreased 10%, 14%, and 7% respectively, while Industrial/Standard increased 9%.
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Click to get this free report Alphabet Inc. (GOOGL): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI with Zacks Rank #1 (Strong Buy) is a stock worth considering in the broader sector. Third Quarter Guidance Unimpressive For third-quarter 2017, Taiwan Semi expects revenues to be in the range of $8.12-$8.22 billion.
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e8bc990d-f87e-48cb-9854-b2c448f46e53
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9920.0
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2017-07-14 00:00:00 UTC
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Applied Optoelectronics (AAOI) Worth a Look: Stock Up 7.4%
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-aaoi-worth-a-look%3A-stock-up-7.4-2017-07-14
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nan
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nan
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Applied Optoelectronics, Inc.AAOI was a big mover last session, as the company saw its shares rise over 7% on the day. The move came after the company preannounced better-than-expected second-quarter 2017 profit. This also led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $58.44 to $72.64 in the past one-month time frame.
The company has seen one positive estimate revision in the last 30 days and the Zacks Consensus Estimate also moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.
Currently, Applied Optoelectronics flaunts a Zacks Rank #1 (Strong Buy), while its Earnings ESP is positive.
Applied Optoelectronics, Inc. Price
Applied Optoelectronics, Inc. Price | Applied Optoelectronics, Inc. Quote
Another similarly-ranked stock in the same industry is Broadcom Limited AVGO . You can see the complete list of today's Zacks #1 Rank stocks here .
Is AAOI going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc.AAOI was a big mover last session, as the company saw its shares rise over 7% on the day. Is AAOI going up? Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc.AAOI was a big mover last session, as the company saw its shares rise over 7% on the day. Is AAOI going up?
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc.AAOI was a big mover last session, as the company saw its shares rise over 7% on the day. Is AAOI going up?
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Applied Optoelectronics, Inc.AAOI was a big mover last session, as the company saw its shares rise over 7% on the day. Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Is AAOI going up?
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f9f6443f-d976-4c89-86ff-7efc6bed890d
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9921.0
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2017-07-14 00:00:00 UTC
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Here's Why Applied Optoelectronics (AAOI) Stock Soared Today
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AAOI
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https://www.nasdaq.com/articles/heres-why-applied-optoelectronics-aaoi-stock-soared-today-2017-07-14
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nan
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nan
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Shares of Applied Optoelectronics AAOI soared more than 8% on Friday after the fiber-optics company pre-announced a quarterly earnings beat and revenue beat.
AAOI management said that the company now expects non-GAAP profit in the range of $1.31 to $1.36 per share, with quarterly revenues coming in at about $117 million. This updated guidance is well above our current consensus estimates of $1.07 per share and 109.7 million, respectively.
Piper Jaffray analyst Troy Jensen, who currently rates AAOI as "overweight," hiked his price target for the stock to $90 from $85.
"AAOI pre-released another impressive quarter with revenue upside and record margin levels that have never been seen before in the optical component industry (45% gross, roughly 30% operating)," said Jensen in a note.
The analyst's new price target represents more than a 15% premium from Thursday's close.
Applied Optoelectronics, which is currently a Zacks Rank #1 (Strong Buy), is benefitting from a new batch of customers looking to upgrade their datacenters. Companies like Facebook FB and Amazon AMZN are continuing to shift towards hyper-fast communications for the cloud, and fiber-optics equipment makes like AAOI are right there to satisfy them.
Shares of AAOI have gained a staggering 575% over the past year. The stock is up about 210% year-to-date.
Want morestock market analysisfrom this author? Make sure to follow @ Ryan_McQueeney on Twitter!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Piper Jaffray analyst Troy Jensen, who currently rates AAOI as "overweight," hiked his price target for the stock to $90 from $85. "AAOI pre-released another impressive quarter with revenue upside and record margin levels that have never been seen before in the optical component industry (45% gross, roughly 30% operating)," said Jensen in a note. Companies like Facebook FB and Amazon AMZN are continuing to shift towards hyper-fast communications for the cloud, and fiber-optics equipment makes like AAOI are right there to satisfy them.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Applied Optoelectronics AAOI soared more than 8% on Friday after the fiber-optics company pre-announced a quarterly earnings beat and revenue beat. AAOI management said that the company now expects non-GAAP profit in the range of $1.31 to $1.36 per share, with quarterly revenues coming in at about $117 million.
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Shares of Applied Optoelectronics AAOI soared more than 8% on Friday after the fiber-optics company pre-announced a quarterly earnings beat and revenue beat. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. AAOI management said that the company now expects non-GAAP profit in the range of $1.31 to $1.36 per share, with quarterly revenues coming in at about $117 million.
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AAOI management said that the company now expects non-GAAP profit in the range of $1.31 to $1.36 per share, with quarterly revenues coming in at about $117 million. Shares of Applied Optoelectronics AAOI soared more than 8% on Friday after the fiber-optics company pre-announced a quarterly earnings beat and revenue beat. Piper Jaffray analyst Troy Jensen, who currently rates AAOI as "overweight," hiked his price target for the stock to $90 from $85.
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d95983f8-b4ea-4acf-8385-c6f08f59e429
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9922.0
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2017-07-14 00:00:00 UTC
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Why AAOI Is Surging Today, And Will Again Soon
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AAOI
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https://www.nasdaq.com/articles/why-aaoi-surging-today-and-will-again-soon-2017-07-14
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nan
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nan
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Applied Optoelectronics (AAOI) is back to being a Zacks Rank #1 (Strong Buy). It was a Zacks Rank #2 (Buy) yesterday when I shot this video ( https://www.zacks.com/stock/news/267510/cstm-and-aaoi-are-this-weeks-aggressive-growth-rank-buys ) profiling it as an aggressive growth stock that should be on your radar. The reason for including it yesterday was simple, the company raised guidance yet again. Let's take a look at the recent history of guidance increases and what the analysts are saying today.
Increase In Zacks Rank
The Zacks Rank is an algorithm of all the earnings estimates that are produced by the sell side analysts. Whether it's Piper Jaffray or Goldman Sachs or DA Davidson, all the estimates are compiled together to form a consensus. The Rank then looks at the earnings estimate revisions, and those stocks with the best revisions receive the coveted Zacks Rank #1 (Strong Buy).
When a company raises guidance, analysts are sure to follow suit and that is just what happened with AAOI today. Yesterday it was a Zacks Rank #2 (Buy) but the new revisions higher helped push the stock up to a Zacks Rank #1 (Strong Buy).
Guidance
Management lifted 2Q guidance to $1.31 - $1.36, and that is up from the previous range of $1.09 - $1.19. The Wall Street consensus was calling for $1.15. Revenue is expected to come in at $117M which is above the top end of the range which was set at $106M - $112M.
Previously the company had raised guidance for the quarter on May 4, when the consensus for EPS was at $0.99 and revenue expectations were under $100M.
The most recent increase in guidance was the fourth hike this year. On February 23, the company increased guidance for 1Q17 and on January 11 the fourth quarter of 2016 was preannounced (a de facto guide higher).
Analysts Boosting Targets
This morning a few analysts have come out with new price targets. Not surprisingly, they are higher, some of them are much higher. DA Davidson and Needham both increased their targets to $100. DA Davidson moved their number higher by $5 from $95 and cited the company's dominance in "hyperscale data centers" as the reason for increased optimism.
The Needham analyst pointed out a significant increase in gross margins from the shift to 100G. They noted they are increasing estimates, but only to the most minimal amount they can until they can get details on the quarter. Needham left the door open for even more upside for the next two-quarters and raised their target $15 from $85.
Yesterday, Piper Jaffray got ahead of the group and increased their price target on the stock to $90 from $85.
Craig Hallum increased their target price today to $95 from $85.
Valuation
It is hard to imagine that a stock that has raised guidance four times already this year is only trading at about 16x forward earnings. The trailing 12 month multiple is closer to something you might expect at 32x. The price to book is rather healthy at 4.9x, but that is below the industry average of 6x while the price to sales multiple of 4.5 is also below the industry average of 6x.
When I hear that gross margins are expanding, I first want to look at recent historical margins. I see the operating margin for AAOI doubled (YES DOUBLED) from 8.1% in 4Q16 to 16.6% in 1Q17. With the idea of margins expanding again a little above the operating line, it would be a safe bet to see those numbers move higher as well.
Follow Brian Bolan on Twitter at @BBolan1
Applied Optoelectronics, Inc. Gross Margin (TTM)
Applied Optoelectronics, Inc. Gross Margin (TTM) | Applied Optoelectronics, Inc. Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It was a Zacks Rank #2 (Buy) yesterday when I shot this video ( https://www.zacks.com/stock/news/267510/cstm-and-aaoi-are-this-weeks-aggressive-growth-rank-buys ) profiling it as an aggressive growth stock that should be on your radar. Applied Optoelectronics (AAOI) is back to being a Zacks Rank #1 (Strong Buy). When a company raises guidance, analysts are sure to follow suit and that is just what happened with AAOI today.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics (AAOI) is back to being a Zacks Rank #1 (Strong Buy). It was a Zacks Rank #2 (Buy) yesterday when I shot this video ( https://www.zacks.com/stock/news/267510/cstm-and-aaoi-are-this-weeks-aggressive-growth-rank-buys ) profiling it as an aggressive growth stock that should be on your radar.
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Applied Optoelectronics (AAOI) is back to being a Zacks Rank #1 (Strong Buy). It was a Zacks Rank #2 (Buy) yesterday when I shot this video ( https://www.zacks.com/stock/news/267510/cstm-and-aaoi-are-this-weeks-aggressive-growth-rank-buys ) profiling it as an aggressive growth stock that should be on your radar. When a company raises guidance, analysts are sure to follow suit and that is just what happened with AAOI today.
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Applied Optoelectronics (AAOI) is back to being a Zacks Rank #1 (Strong Buy). It was a Zacks Rank #2 (Buy) yesterday when I shot this video ( https://www.zacks.com/stock/news/267510/cstm-and-aaoi-are-this-weeks-aggressive-growth-rank-buys ) profiling it as an aggressive growth stock that should be on your radar. When a company raises guidance, analysts are sure to follow suit and that is just what happened with AAOI today.
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cb9b79d0-d348-4078-aa69-9d2295b70318
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9923.0
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2017-07-13 00:00:00 UTC
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Ericsson Launches Network Services Suite for Commercial IoT
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AAOI
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https://www.nasdaq.com/articles/ericsson-launches-network-services-suite-for-commercial-iot-2017-07-13
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nan
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nan
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EricssonERIC recently rolled out a broad range of radio network services to aid operators in taking up Internet of Things ("IoT") applications on their networks. The company believes deployment of commercial IoT networks is picking up pace and its latest services will help in making the most of the trend.
Despite these developments, the shares of the company inched up 1.5% to $7.46 at the close of trading hours yesterday. It appears that investors are apprehensive that the challenging times will linger, marring the company's second-quarter 2017 results, which are slated to release next week.
Network Services for IoT
Ericsson has launched a set of IoT software features, including Voice over LTE support for Cat-M1. These will help users explore new use cases for voice in IoT, including security alarm panels, remote first-aid kits and wearables. Ericsson's suite of network services complements its cellular IoT software and Accelerator portfolio.
Ericsson's offerings are capable of taking care of scenario assessment, network modeling and design development of heterogeneous IoT networks currently used by operators. In addition, the company is introducing automated machine learning to its Network Operations Centers. It believes machine learning will help operators slash delivery cost and take a proactive approach to event and incident management.
Ericsson's latest Mobility report suggests IoT devices will exceed mobile phones as the largest category of connected devices by 2018. It also predicts that by 2022, there will be over 18 billion connected IoT devices. According to Ericsson, proliferation of IoT devices calls for superior approach to network planning and design. The company believes it is well poised to address these needs.
Challenging Times
Ericsson's shares have lost 4.6% over the past one year against the Zacks categorized Wireless Equipment industry's average gain of 7.6%. The consensus analyst community is not favoring the stock either. The Zacks Consensus Estimate for full-year 2017 earnings has gone down from 29 cents to 27 cents due to two downward estimate revisions versus zero upward.
Over the past couple of years, Ericsson has been struggling with a host of factors. Most of the company's troubles stem from drying-up investments from major telecom equipment makers across the world. These companies continue to slash investments in 4G and 3G services while waiting for the introduction of 5G networks. In addition, slowdown in spending by wireless carriers is making matters worse.
Apart from grappling with a slowdown, Ericsson also has to face sky-rocketing restructuring expenses in its continued efforts to turn around its fortunes. In Mar 2017, the company rolled out an elaborate version of this restructuring plan in a bid to contain costs and focus on strategic areas. The Zacks Rank #5 (Strong Sell) company has warned investors against huge profit cuts resulting from substantial provisions, write-downs and restructuring charges relating to these efforts.
Key Picks
Some top-ranked stocks in the industry are listed below:
Broadcom Limited AVGO has an average earnings surprise of 6.7%, beating estimates all through, over the trailing four quarters. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. It sports a Zacks Rank #2 (Buy).
Adobe Systems Incorporated ADBE holds a Zacks Rank #2 (Buy) and generated an average earnings surprise of 8.1% over the trailing four quarters, with beats each time.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ericsson (ERIC): Free Stock Analysis Report
Adobe Systems Incorporated (ADBE): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Click to get this free report Ericsson (ERIC): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Rank #5 (Strong Sell) company has warned investors against huge profit cuts resulting from substantial provisions, write-downs and restructuring charges relating to these efforts.
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Click to get this free report Ericsson (ERIC): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Key Picks Some top-ranked stocks in the industry are listed below: Broadcom Limited AVGO has an average earnings surprise of 6.7%, beating estimates all through, over the trailing four quarters.
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Click to get this free report Ericsson (ERIC): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Network Services for IoT Ericsson has launched a set of IoT software features, including Voice over LTE support for Cat-M1.
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Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Click to get this free report Ericsson (ERIC): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Network Services for IoT Ericsson has launched a set of IoT software features, including Voice over LTE support for Cat-M1.
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3f3a323b-68e0-4151-b10d-fda11566cbd9
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9924.0
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2017-07-13 00:00:00 UTC
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Netflix (NFLX) to Report Q2 Earnings: What's in the Cards?
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AAOI
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https://www.nasdaq.com/articles/netflix-nflx-to-report-q2-earnings%3A-whats-in-the-cards-2017-07-13
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nan
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nan
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Netflix, IncNFLX is set to report second-quarter 2017 results on Jul 17. In the last quarter, the company delivered a positive earnings surprise of 5.26%. It has delivered positive earnings surprises in the last four quarters, with an average beat of 117.66%.
Let's see how things are shaping up for this announcement.
Factors to Consider
Netflix has been drawing strength from its growing portfolio of original content. Netflix had a very strong programming slate in the second quarter given the new seasons of popular shows like House of Cards and Orange is the New Black . Its new original series, Glow - about female wrestling - also garnered mostly positive reviews. We believe all these will translate into increases in subscriptions.
However, the company faced a setback when its ambitious original movie, War Machine , starring Brad Pitt failed to generate encouraging response from the critics/viewers.
Netflix, Inc. Price and EPS Surprise
Netflix, Inc. Price and EPS Surprise | Netflix, Inc. Quote
This apart, Netflix remains focused on international expansion. We continue to believe that growth will eventually come from international markets as the U.S market approaches saturation. In April, the company announced that it had reached 100 million subscribers, a big milestone for the streaming giant.
We note that Netflix has outperformed the Zacks Broadcasting-Radio/TV industry year to date. While the stock returned 28.2%, the industry gained 11.8%.
For the second quarter of 2017, management forecasts earnings of 15 cents per share.
Domestic and international streaming revenues are expected to be $1.499 billion and $1.141 billion, respectively. Streaming revenues are expected to be $2.640 billion while total revenue, including DVD business, is anticipated to be $2.755 billion.
Management is likely to add 0.60 million subscribers in the domestic streaming segment and 2.60 million subscribers in the international segment. Domestic streaming contribution profit is expected to be $552 million. On the other hand, international streaming segment is expected to report a loss of $28 million. Netflix estimates the U.S. contribution margin to be around 36.8% in the quarter. The company forecasts operating income of $120 million for the soon-to-be-reported quarter.
Earnings Whispers
Our proven model does not conclusively show that Netflix is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Netflix's Earnings ESP is 0.00%. This is because the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 16 cents per share. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
Zacks Rank: Netflix has a Zacks Rank #2. Though Zacks Rank #1, 2 or 3 increases the predictive power of ESP, the company's 0.00% ESP makes surprise prediction difficult.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here is a stock that, as per our model, has the right combination of elements to post an earnings beat this quarter:
Cypress Semiconductor Corp CY has an Earnings ESP of +11.11% and a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
Energizer Holdings Inc ENR has an Earnings ESP of +8.33% and a Zacks Rank #1
Applied Optoelectronics Inc AAOI has an Earnings ESP of +0.94% and a Zacks Rank #2
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Energizer Holdings, Inc. (ENR): Get Free Report
Netflix, Inc. (NFLX): Free Stock Analysis Report
Cypress Semiconductor Corporation (CY): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Energizer Holdings Inc ENR has an Earnings ESP of +8.33% and a Zacks Rank #1 Applied Optoelectronics Inc AAOI has an Earnings ESP of +0.94% and a Zacks Rank #2 More Stock News: This Is Bigger than the iPhone! Click to get this free report Energizer Holdings, Inc. (ENR): Get Free Report Netflix, Inc. (NFLX): Free Stock Analysis Report Cypress Semiconductor Corporation (CY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Netflix had a very strong programming slate in the second quarter given the new seasons of popular shows like House of Cards and Orange is the New Black .
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Energizer Holdings Inc ENR has an Earnings ESP of +8.33% and a Zacks Rank #1 Applied Optoelectronics Inc AAOI has an Earnings ESP of +0.94% and a Zacks Rank #2 More Stock News: This Is Bigger than the iPhone! Click to get this free report Energizer Holdings, Inc. (ENR): Get Free Report Netflix, Inc. (NFLX): Free Stock Analysis Report Cypress Semiconductor Corporation (CY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
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Energizer Holdings Inc ENR has an Earnings ESP of +8.33% and a Zacks Rank #1 Applied Optoelectronics Inc AAOI has an Earnings ESP of +0.94% and a Zacks Rank #2 More Stock News: This Is Bigger than the iPhone! Click to get this free report Energizer Holdings, Inc. (ENR): Get Free Report Netflix, Inc. (NFLX): Free Stock Analysis Report Cypress Semiconductor Corporation (CY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Here is a stock that, as per our model, has the right combination of elements to post an earnings beat this quarter: Cypress Semiconductor Corp CY has an Earnings ESP of +11.11% and a Zacks Rank #1.
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Energizer Holdings Inc ENR has an Earnings ESP of +8.33% and a Zacks Rank #1 Applied Optoelectronics Inc AAOI has an Earnings ESP of +0.94% and a Zacks Rank #2 More Stock News: This Is Bigger than the iPhone! Click to get this free report Energizer Holdings, Inc. (ENR): Get Free Report Netflix, Inc. (NFLX): Free Stock Analysis Report Cypress Semiconductor Corporation (CY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. In the last quarter, the company delivered a positive earnings surprise of 5.26%.
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dde86d17-4c41-45a8-a40a-2ae460d8b84f
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9925.0
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2017-07-13 00:00:00 UTC
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5 Value Stocks Soaring Over 100% in 2017
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AAOI
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https://www.nasdaq.com/articles/5-value-stocks-soaring-over-100-2017-2017-07-13
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nan
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nan
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(0: 20 ) - Value vs. Growth
(2: 00 ) Value Stocks That Are Beating Growth
(3: 15 ) - Tracey's Top Stock Picks
(11: 50 ) - How Are Other Sectors Performing?
(14: 45 ) - Episode Roundup: Podcast@Zacks.com
Welcome to Episode #50 of the Value Investor Podcast
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks.
In 2017, it has been all about the growth stocks. Investors have been pouring into the "sure thing" FANG stocks.
But that's not the only game in town. Some value stocks have surprised with huge 2017 rallies of their own.
For instance, look at Newell BrandsNWL . It is up about 19% year-to-date, which is outperforming big growth retailer Ulta BeautyULTA which is up just 2%.
But what about those value stocks that are really crushing it?
Tracey did a screen of value stocks that were up over 100% in 2017 and came up with 17 stocks.
There's more going on with value stocks then the headlines let on. You can get momentum and big returns with cheap valuations.
5 Value Stocks Soaring Over 100% in 2017
1. Applied OptoelectronicsAAOI does business in the hot Internet data center industry. Shares are up 198% year-to-date as its largest clients are Microsoft, Amazon and Facebook. Even with the surge in the shares, it still trades with a forward P/E of just 15.8.
2. Weight Watchers WTW was a value stock earlier this year but with the shares up 202% year-to-date, it now trades with a forward P/E of 27. Value investors will have to be patient with this one. Investors are banking on continued double digit earnings growth.
3. CAI International CAI is seeing the utilization rates for its containers soar. It pre-announced that Q3 utilization would be over 98%. Earnings are expected to soar 352% this year.
4. Triton International TRTN is the largest container company in the world. Like CAI, it is expected to see triple digit earnings growth in 2017. It has a forward P/E of just 13.7.
5. KEMET Corporation KEM has been in business since 1919 making electronic components. What makes its business so special that the shares are up 122% year-to-date?
Find out the answers to this and more on this week's podcast.
[In full disclosure, Tracey owns shares of NWL and ULTA in her personal portfolio.]
Want more value investing insights from Tracey?
Value investors are a special breed of investor. They don't follow the herd.
If that is your style of investing, be sure to check out Tracey's weekly Value Investor service to receive more in-depth analysis on value companies and see which stocks she thinks are the best bargains now.
The Value Investor portfolio holds between 20 and 25 value stocks for the long haul.
Click here to learn more>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CAI International, Inc. (CAI): Free Stock Analysis Report
Triton International Limited (TRTN): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Kemet Corporation (KEM): Free Stock Analysis Report
Weight Watchers International Inc (WTW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied OptoelectronicsAAOI does business in the hot Internet data center industry. Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Kemet Corporation (KEM): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Weight Watchers WTW was a value stock earlier this year but with the shares up 202% year-to-date, it now trades with a forward P/E of 27.
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Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Kemet Corporation (KEM): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Applied OptoelectronicsAAOI does business in the hot Internet data center industry. (14: 45 ) - Episode Roundup: Podcast@Zacks.com Welcome to Episode #50 of the Value Investor Podcast Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks.
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Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Kemet Corporation (KEM): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. Applied OptoelectronicsAAOI does business in the hot Internet data center industry. (0: 20 ) - Value vs. Growth (2: 00 ) Value Stocks That Are Beating Growth (3: 15 ) - Tracey's Top Stock Picks (11: 50 ) - How Are Other Sectors Performing?
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Applied OptoelectronicsAAOI does business in the hot Internet data center industry. Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report Triton International Limited (TRTN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Kemet Corporation (KEM): Free Stock Analysis Report Weight Watchers International Inc (WTW): Free Stock Analysis Report To read this article on Zacks.com click here. (14: 45 ) - Episode Roundup: Podcast@Zacks.com Welcome to Episode #50 of the Value Investor Podcast Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service , shares some of her top value investing tips and stock picks.
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4b090a59-2853-40e9-8586-14efcda5ce71
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9926.0
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2017-07-12 00:00:00 UTC
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3 of 2017's Fastest Growing Companies
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AAOI
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https://www.nasdaq.com/articles/3-2017s-fastest-growing-companies-2017-07-12
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nan
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nan
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There's a long list of high-flying stocks out there this year, as the stock market has so far turned in a respectable performance. A select few, though, have already doubled in value since 2017 kicked off.
Here are three of the best-performing stocks, screened for a market cap of at least $250 million, with year-over-year revenue and profit improvement.
Where all that fiber comes from
Technology companies are building lots of data centers, and that's good news for Applied Optoelectronics (NASDAQ: AAOI) . AOI's bread and butter is making the components that are used in fiber optic networks, including data centers, cable TV networks, and telecom. Data centers made up 83% of business during the first quarter, increasing 104% from last year. The stock is up 160% in 2017.
Total first-quarter revenue increased 91%, and management sees the big gains continuing. The outlook is for second-quarter sales of between $106 million and $112 million, another 92% increase at the lower end of guidance. Providing the boost is again data centers. In a recent press release, the company said it will be able to ramp up production of its laser diodes used in data centers to 1 million a month. In May, only 600,000 were produced, speaking to the continued ambitious expansion this tech provider is pursuing.
Upgrading tech component manufacturing
Semiconductors are a cyclical business, with growth coming and going. Companies in the sector have enjoyed a recent surge since last year, after a big wave of mergers and with the Internet of Things movement gathering speed. Semiconductor equipment and systems developer Ultra Clean Holdings (NASDAQ: UCTT) has ridden that wave, too, with shares up well over 100% this year through early June.
The stock has recently pulled back from its highs, but the company's momentum remains impressive. Revenue at last report had surged 82% year over year, as demand for semiconductor equipment, especially in Asia, went up with the uptick in semiconductor demand. Second-quarter expectations are for sales to increase again year over year, albeit at a more modest 63% pace.
Changing the way we go to the doctor
Health care may not be everyone's favorite topic right now unless you own Teladoc (NYSE: TDOC) stock. The largest on-demand remote healthcare provider is growing as high costs and political debate has sent many in search of a better way to get medical treatment. During the last quarter, Teladoc had over 20 million members and 385,000 patient visits, a 34% and 60% annual increase, respectively.
In June, the company also announced it was buying out smaller rival Best Doctors, which provides similar telephone or internet-based doctor visits but in non-overlapping areas of expertise. That could help Teladoc continue to grow its top line, but it could also give a boost to the bottom line. Best Doctors runs at a profit, which Teladoc expects will help it run at breakeven on an EBITDA basis by year's end. The stock is up over 110% in 2017.
Have these ships sailed?
Investors should never buy a stock simply because it's outperforming the market. Such a strategy is likely to lead to disappointment. That doesn't necessarily mean the tank has run dry on these three companies, though.
After this year's big run-up, these three stocks may pose more risk than reward in the short term.
In the case of Applied Optoelectronics and Ultra Clean Holdings, investors need to remember that tech suppliers and component makers are cyclical. Both companies have reported big year-over-year revenue gains, but if the pace of those increases starts to slow down, a big pullback in share prices could be nigh.
Teladoc, on the other hand, has the potential to earn more consistent revenue from recurring membership fees and patient visits through phone or teleconference. In light of rising costs and question marks surrounding the U.S. healthcare system, the company has the potential to be a major disruptor and woo more members.
Regardless of how the second half of 2017 plays out for these three stocks, investors should temper expectations for them. Do some homework before making an investment, and don't be surprised if they fail to double again in price or even fall in value by year's end.
10 stocks we like better than Ultra Clean Holdings
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Nicholas Rossolillo has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Where all that fiber comes from Technology companies are building lots of data centers, and that's good news for Applied Optoelectronics (NASDAQ: AAOI) . Companies in the sector have enjoyed a recent surge since last year, after a big wave of mergers and with the Internet of Things movement gathering speed. Semiconductor equipment and systems developer Ultra Clean Holdings (NASDAQ: UCTT) has ridden that wave, too, with shares up well over 100% this year through early June.
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Where all that fiber comes from Technology companies are building lots of data centers, and that's good news for Applied Optoelectronics (NASDAQ: AAOI) . Semiconductor equipment and systems developer Ultra Clean Holdings (NASDAQ: UCTT) has ridden that wave, too, with shares up well over 100% this year through early June. Revenue at last report had surged 82% year over year, as demand for semiconductor equipment, especially in Asia, went up with the uptick in semiconductor demand.
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Where all that fiber comes from Technology companies are building lots of data centers, and that's good news for Applied Optoelectronics (NASDAQ: AAOI) . There's a long list of high-flying stocks out there this year, as the stock market has so far turned in a respectable performance. 10 stocks we like better than Ultra Clean Holdings When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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Where all that fiber comes from Technology companies are building lots of data centers, and that's good news for Applied Optoelectronics (NASDAQ: AAOI) . The stock is up 160% in 2017. Providing the boost is again data centers.
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1d51a4fa-6239-45b1-bf1e-c770e23fb41f
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9927.0
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2017-07-12 00:00:00 UTC
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Micron Shares Get Fresh Boost on Citigroup Analyst's Upgrade
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AAOI
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https://www.nasdaq.com/articles/micron-shares-get-fresh-boost-on-citigroup-analysts-upgrade-2017-07-12
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nan
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nan
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Shares of Micron Technology Inc.MU got a fresh boost yesterday after Citigroup analyst - Christopher Danely - gave a bullish note on the stock. Citing estimates compiled by William Yang, Citigroup's Asia hardware analyst, Christopher noted that the PC market has shown consistent strength in second-quarter 2017 which will have a positive impact on Micron.
Per the analyst, overall notebook shipment grew 7% on a sequential basis in the second quarter, which is way above the anticipated growth rate of 4%. Christopher also added that Citigroup expects ODM notebook shipments to grow 6% in third-quarter 2017.
The firm also quoted that 20% of total DRAM production is consumed by the PC end market. An increase in PC shipment will definitely raise the demand for DRAM. Due to higher demand, along with limited supply, the firm expects DRAM prices to remain strong in the near term.
Strength in PC demand and increasing DRAM prices will eventually benefit Micron in our opinion, as the company generates approximately 25% of its revenues from selling DRAM to the PC end market.
The bullish note by Christopher raised investors' confidence on Micron, sending the stock up nearly 2.9% yesterday. Notably, at yesterday's close price of $31.37, the stock has returned 43.1% in the year-to-date period, outperforming the Zacks categorized Electronics-Semiconductor industry's gain of just 15.3%.
It should be noted that Christopher is not the only analyst who is optimistic on Micron's growth prospect. A number of other industry experts also believe that total demand for DRAM could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term. We believe that any increase in prices will have a favorable impact on the company's top line, the benefit of which is likely to flow down to the bottom line.
Looking at the aforementioned factors, along with strategic initiatives, that includes acquisitions and expansion in the SSD market, we consider that Micron is one such technology stock which is worthy of remaining in investors' portfolio.
Currently, Micron sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI , Broadcom Limited AVGO and Advanced Micro Devices Inc. AMD . While Applied Optoelectronics and Broadcom boast a Zacks Rank #1, Advanced Micro carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Long-term expected EPS growth rates for Applied Optoelectronics, Broadcom and Advanced Micro are 18.8%, 13.6% and 6.3%, respectively.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Broadcom Limited (AVGO): Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some other top-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI , Broadcom Limited AVGO and Advanced Micro Devices Inc. AMD . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Citing estimates compiled by William Yang, Citigroup's Asia hardware analyst, Christopher noted that the PC market has shown consistent strength in second-quarter 2017 which will have a positive impact on Micron.
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Some other top-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI , Broadcom Limited AVGO and Advanced Micro Devices Inc. AMD . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. While Applied Optoelectronics and Broadcom boast a Zacks Rank #1, Advanced Micro carries a Zacks Rank #2 (Buy).
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Some other top-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI , Broadcom Limited AVGO and Advanced Micro Devices Inc. AMD . Shares of Micron Technology Inc.MU got a fresh boost yesterday after Citigroup analyst - Christopher Danely - gave a bullish note on the stock.
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Some other top-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI , Broadcom Limited AVGO and Advanced Micro Devices Inc. AMD . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. An increase in PC shipment will definitely raise the demand for DRAM.
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1318d7ff-9762-4be2-bbee-3204c9d3a862
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9928.0
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2017-07-12 00:00:00 UTC
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Stratasys' (SSYS) New Fortus Solution to be Adopted by WTM
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AAOI
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https://www.nasdaq.com/articles/stratasys-ssys-new-fortus-solution-to-be-adopted-by-wtm-2017-07-12
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nan
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nan
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Stratasys Ltd.SSYS has been scaling newer heights across all its business segments. The company's long-standing customer - Western Tool & Mold (WTM) - has entered into an agreement to use Stratasys' recently launched Fortus 900mc Aircraft Interiors (AI) Certification Solution to produce aircraft cabin components. WTM is one of the leading aircraft parts suppliers.
Stratasys' Fortus 900mc Aircraft Interiors Certification Solution includes two of its products. One is ULTEM 9085 resin, which according to the company "is a strong, lightweight thermoplastic meeting aerospace flame, smoke and toxicity (FST) regulations (FAR 25.863)". The other product is Fortus 900mc Production 3D Printer, comprising specialized hardware and software, which are designed to deliver repeatable mechanical properties.
Adoption of Stratasys' new solution will help WTM in improving supply chain efficiency. Per the company, this will enable WTM to easily comply with the evolving industry quality standards, as well as meeting the replacement part demand by aircraft manufacturers more quickly. This will also help in freeing up more time to invest in production.
As per Collin Wilkerson, managing director of WTM, "The Stratasys Aircraft Interiors Certification Solution will allow us to work with our customers early in their design and development process and help be more agile than our competition in responding to customer requests".
Adoption of Stratasys' 3D printing and additive solutions has been gaining pace for the past one year. Notably, WTM is not the first company in the aviation industry which has signed a deal to use Stratasys' 3D printing technologies to build aircrafts or parts. Stratasys has collaborations with companies like Boom Supersonic, SIA Engineering Company Limited and The Boeing Co. BA , all in the aviation space.
We anticipate the recent deal will further fortify Stratasys base in the aviation industry.
Apart from the aviation industry, Stratasys' 3D printing technologies are being used in other industries too. The company has partnerships with the likes of Schneider Electric, which operates in the energy sector, and Ford Motor Company F , which is in the automotive sector.
We believe that the company's portfolio of innovative products will help it over the long run to generate incremental sales.
Notably, Stratasys outperformed the Zacks categorized Computer-Peripheral Equipment industry in the year-to-date (YTD) period. The stock returned approximately 44.7% YTD, outperforming the industry's gain of 28.9%.
Stratasys currently has a Zacks Rank #2 (Buy). Another top-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
The stock has witnessed upward estimate revisions in the last 30 days and has a long-term EPS growth rate of 18.8%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Boeing Company (The) (BA): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Stratasys, Ltd. (SSYS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another top-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. One is ULTEM 9085 resin, which according to the company "is a strong, lightweight thermoplastic meeting aerospace flame, smoke and toxicity (FST) regulations (FAR 25.863)".
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Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. Another top-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). The company's long-standing customer - Western Tool & Mold (WTM) - has entered into an agreement to use Stratasys' recently launched Fortus 900mc Aircraft Interiors (AI) Certification Solution to produce aircraft cabin components.
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Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. Another top-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). The company's long-standing customer - Western Tool & Mold (WTM) - has entered into an agreement to use Stratasys' recently launched Fortus 900mc Aircraft Interiors (AI) Certification Solution to produce aircraft cabin components.
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Another top-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. This will also help in freeing up more time to invest in production.
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5f933fed-22a5-4b3c-a869-f63f9658f29f
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9929.0
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2017-07-12 00:00:00 UTC
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New Strong Buy Stocks for July 12th
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AAOI
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https://www.nasdaq.com/articles/new-strong-buy-stocks-july-12th-2017-07-12
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:
Applied Optoelectronics Inc (AAOI): This vertically integrated provider of fiber-optic networking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 30 days.
Applied Optoelectronics, Inc. Price and Consensus
Applied Optoelectronics, Inc. Price and Consensus | Applied Optoelectronics, Inc. Quote
Cemex SAB de CV (CX): This producer and distributor of cement, ready-mix concrete, aggregates, clinker, and other construction materials has seen the Zacks Consensus Estimate for its current year earnings advancing 1.6% over the last 30 days.
Cemex S.A.B. de C.V. Price and Consensus
Cemex S.A.B. de C.V. Price and Consensus | Cemex S.A.B. de C.V. Quote
Danaos Corporation (DAC): This holding company and an international owner of containerships has witnessed the Zacks Consensus Estimate for its current year earnings surging 6.8% over the last 30 days.
Danaos Corporation Price and Consensus
Danaos Corporation Price and Consensus | Danaos Corporation Quote
Energizer Holdings Inc (ENR): This manufacturer, marketer and distributor of household batteries has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 30 days.
Energizer Holdings, Inc. Price and Consensus
Energizer Holdings, Inc. Price and Consensus | Energizer Holdings, Inc. Quote
Koppers Holdings Inc. (KOP): This global integrated provider of treated wood products has witnessed the Zacks Consensus Estimate for its current year earnings advancing 0.4% over the last 30 days.
Koppers Holdings Inc. Price and Consensus
Koppers Holdings Inc. Price and Consensus | Koppers Holdings Inc. Quote
You can see t he complete list of today's Zacks #1 Rank (Strong Buy) stocks here
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 to Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and 90.2% respectively.
This outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11x over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See them free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Koppers Holdings Inc. (KOP): Free Stock Analysis Report
Energizer Holdings, Inc. (ENR): Get Free Report
Danaos Corporation (DAC): Free Stock Analysis Report
Cemex S.A.B. de C.V. (CX): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Applied Optoelectronics Inc (AAOI): This vertically integrated provider of fiber-optic networking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 30 days. de C.V. (CX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. Price and Consensus Applied Optoelectronics, Inc. Price and Consensus | Applied Optoelectronics, Inc. Quote Cemex SAB de CV (CX): This producer and distributor of cement, ready-mix concrete, aggregates, clinker, and other construction materials has seen the Zacks Consensus Estimate for its current year earnings advancing 1.6% over the last 30 days.
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de C.V. (CX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Applied Optoelectronics Inc (AAOI): This vertically integrated provider of fiber-optic networking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 30 days. Energizer Holdings, Inc. Price and Consensus Energizer Holdings, Inc. Price and Consensus | Energizer Holdings, Inc. Quote Koppers Holdings Inc. (KOP): This global integrated provider of treated wood products has witnessed the Zacks Consensus Estimate for its current year earnings advancing 0.4% over the last 30 days.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Applied Optoelectronics Inc (AAOI): This vertically integrated provider of fiber-optic networking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 30 days. de C.V. (CX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Danaos Corporation Price and Consensus Danaos Corporation Price and Consensus | Danaos Corporation Quote Energizer Holdings Inc (ENR): This manufacturer, marketer and distributor of household batteries has seen the Zacks Consensus Estimate for its current year earnings increasing 0.2% over the last 30 days.
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Applied Optoelectronics Inc (AAOI): This vertically integrated provider of fiber-optic networking products has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.6% over the last 30 days. de C.V. (CX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. Price and Consensus Applied Optoelectronics, Inc. Price and Consensus | Applied Optoelectronics, Inc. Quote Cemex SAB de CV (CX): This producer and distributor of cement, ready-mix concrete, aggregates, clinker, and other construction materials has seen the Zacks Consensus Estimate for its current year earnings advancing 1.6% over the last 30 days.
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41272fb4-3872-4a47-bfd3-1deb885639e3
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9930.0
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2017-07-12 00:00:00 UTC
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SAP Bets Big on Leonardo Platform to Expand IoT Business
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AAOI
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https://www.nasdaq.com/articles/sap-bets-big-on-leonardo-platform-to-expand-iot-business-2017-07-12
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nan
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nan
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Germany-based enterprise application software, SAP SESAP , has recently announced a host of new Internet of Things (IoT) solutions. These were launched at its global summit, Leonardo Live, being held from July 11 to 12 in Frankfurt. These rollouts are in line with the company's efforts to expand its IoT business over the past one year. It reflects the company's strategy to combine IoT sensor data with analytics tools.
The new offerings include Leonardo IoT Bridge, Global Track and Trace, Leonardo IoT Edge, Digital Manufacturing Insights and Asset Manager. The company has also rolled out three new Leonardo Innovation Services. Being a configurable role-based digital command center, Leonardo IoT Bridge is likely to improve visibility and ability of managers to act on a real time basis.
Global Track and Trace is a cloud-based offering designed to improve end-to-end tracking, monitoring and reporting of objects across supply chains. While Leonardo IoT Edge is a software designed to improve deterministic performance of business processes, Digital Manufacturing Insights is a cloud-based manufacturing performance management solution, touted to improve visibility in manufacturing.
The three new innovation services will help businesses to access new technologies and shorten "time to value" of customers. The new services include Express, Open Innovation and Enterprise Editions of Leonardo Innovation Services. The new technologies - which include technologies IoT, machine learning, analytics, Big Data and design thinking - will aid customers in managing their digital transformation.
SAP's intention to fortify its IoT foothold became quite clear when it announced an investment of a whopping $2.2 billion for the expansion of its IoT portfolio. Carrying efforts forward, last month, the company expanded its SAP Leonardo, which can now integrate machine learning, IoT, Big Data, analytics and blockchain on SAP Cloud Platform.
The company's shares have had a decent run year to date, gaining 20.3% and surpassing the Zacks categorized Computer-Software industry 's average gain of 18.8%. Though SAP did not begin 2017 on a high note due to the bottom-line mark missing the Zacks Consensus Estimate, investors seem to have favorable expectations.
Of late, growth of the company's S/4HANA and other Cloud initiatives has been spectacular. This , in turn, has been boosting financials. Also, SAP's recent focus on machine learning to fortify its IoT stronghold is likely to unlock fresh growth avenues. It has revealed plans to launch a new product line - SAP IoT - that will integrate huge amounts of data from things connected to the Internet with machine learning and SAP's real-time database, S/4 HANA.
As a matter of fact, in light of sustained rapid growth in the cloud, robust software momentum and operating profit expansion, the Zacks Rank #3 (Hold) company raised its 2020 ambition as well. SAP now aims to achieve non-IFRS cloud subscriptions and support revenues in the range of €8.0-€8.5 billion (previously €7.5-€8.0 billion) in 2020.
Stocks to Consider
Some top-ranked stocks in the industry are listed below:
Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Adobe Systems Inc. ADBE holds a Zacks Rank #2 (Buy) and generated an average earnings surprise of 8.1% over the trailing four quarters, with beats each time.
Broadcom Ltd. AVGO has an average earnings surprise of 6.7%, beating estimates all through, over the trailing four quarters. It sports a Zacks Rank #1.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Adobe Systems Incorporated (ADBE): Free Stock Analysis Report
SAP SE (SAP): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some top-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Click to get this free report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Being a configurable role-based digital command center, Leonardo IoT Bridge is likely to improve visibility and ability of managers to act on a real time basis.
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Click to get this free report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some top-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. The new offerings include Leonardo IoT Bridge, Global Track and Trace, Leonardo IoT Edge, Digital Manufacturing Insights and Asset Manager.
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Click to get this free report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some top-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. The new offerings include Leonardo IoT Bridge, Global Track and Trace, Leonardo IoT Edge, Digital Manufacturing Insights and Asset Manager.
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Stocks to Consider Some top-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI delivered an average positive earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Click to get this free report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report SAP SE (SAP): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The new offerings include Leonardo IoT Bridge, Global Track and Trace, Leonardo IoT Edge, Digital Manufacturing Insights and Asset Manager.
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6f8fbfdb-ae7b-447f-aba5-ad63283c377c
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9931.0
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2017-07-12 00:00:00 UTC
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Apple Sets 1st China Data Center to Meet Cybersecurity Rules
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AAOI
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https://www.nasdaq.com/articles/apple-sets-1st-china-data-center-meet-cybersecurity-rules-2017-07-12
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nan
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nan
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Per Reuters, Apple Inc.AAPL is seeking collaboration with local internet services companies to establish its first data center in China, to ensure compliance with the country's newly implemented cyber-security regulations.
The planned facility will be located in Guizhou province of Southwest China, and will be operated in cooperation with Guizhou-Cloud Big Data Industry Co., Ltd. (GCBD), a data management enterprise co-founded by the Guizhou provincial government.
Reportedly, the company anticipates the center to boost its online data storage services such as iCloud to better meet local consumers' growing demand. Further, it aims to shift Chinese users' information to the new facility in coming months.
The new datacenter represents a portion of Apple's planned $1 billion investment into the Guizhou province, according to a company statement.
In recent years, the Chinese central government has been promoting the mountainous central province as their "Guizhou National Big Data Comprehensive Pilot Zone," per media reports. Reportedly, Guizhou pitched cloud computing and big data to the high-tech industries in Silicon Valley, and offered them a range of preferential policies.
However, China's new Cyber Security Law (CSL), adopted since last month, is speculated to have jeopardized international business in the world's second-largest economy, especially for foreign tech firms. Multinational companies, reportedly, claim that the law has granted Beijing greater access to foreign companies' technology, along with rise in operating costs, which essentially renders domestic companies an unfair edge.
Apple Inc. Price
Apple Inc. Price | Apple Inc. Quote
As far as Apple is concerned, China remains its second biggest market. However, the company is losing ground on account of sluggish demand in the region for its flagship product, iPhone, over the past few quarters. Additionally, mounting competition from local players such as Huawei and Oppo is also hindering growth prospects.
In a bid to protect its business interests, Apple has stepped up investment in the country to woo the government. Earlier last year, the company had invested $1 billion in the ride-hailing company Didi Chuxing (DIDI). Moreover in March, it announced plans to build two research and development (R&D) centers in Shanghai and Suzhou, Jiangsu province. Furthermore, the company established two R&D centers in Beijing and Shenzhen last year.
Regarding the set up of the new data center, Apple spokesperson was quoted saying "The addition of this data center will allow us to improve the speed and reliability of our products and services while also complying with newly passed regulations. Apple has strong data privacy and security protections in place and no backdoors will be created into any of our systems."
Apple's Data Center Expansion Efforts
Apple is rapidly expanding data center infrastructure to support current and future Internet services, including iCloud. Earlier this week, it unveiled plans to setup a $921 million data center in Denmark.
Notably, this new datacenter will be entirely driven by renewable forms of energy. It is worth mentioning that Apple has publicly committed to powering its data centers with 100% renewable energy.
We believe that Apple's China data center is also part of its continued effort toward attaining 100% renewable energy efficiency. Notably, it is one of the many big companies that took up climate change issues head on.
Zacks Rank and Share Price Movement
At present, Apple carries a Zacks Rank #3 (Hold).
We note that the company has outperformed the Zacks categorized Computer Mini industry in the last one year. Its shares have gained 49.8% compared with the industry's advancement of 48.9%.
Stocks to Consider
Better-ranked stocks in the broader computer sector include Applied Optoelectronics, Inc. AAOI , Autohome Inc. ATHM and MAM Software Group, Inc. MAMS , all three sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank Stocks here.
Applied Optoelectronics, Autohome and MAM Software have delivered average positive earnings surprises of 118.33%, 41.38%, and 92.86%, in the trailing four quarters respectively.
More Stock News: 8 Companies Verge on Apple-Like Run
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Autohome Inc. (ATHM): Free Stock Analysis Report
MAM Software Group, Inc. (MAMS): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Better-ranked stocks in the broader computer sector include Applied Optoelectronics, Inc. AAOI , Autohome Inc. ATHM and MAM Software Group, Inc. MAMS , all three sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Autohome Inc. (ATHM): Free Stock Analysis Report MAM Software Group, Inc. (MAMS): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Per Reuters, Apple Inc.AAPL is seeking collaboration with local internet services companies to establish its first data center in China, to ensure compliance with the country's newly implemented cyber-security regulations.
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Stocks to Consider Better-ranked stocks in the broader computer sector include Applied Optoelectronics, Inc. AAOI , Autohome Inc. ATHM and MAM Software Group, Inc. MAMS , all three sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Autohome Inc. (ATHM): Free Stock Analysis Report MAM Software Group, Inc. (MAMS): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report Autohome Inc. (ATHM): Free Stock Analysis Report MAM Software Group, Inc. (MAMS): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the broader computer sector include Applied Optoelectronics, Inc. AAOI , Autohome Inc. ATHM and MAM Software Group, Inc. MAMS , all three sporting a Zacks Rank #1 (Strong Buy). Apple Inc. Price Apple Inc. Price | Apple Inc. Quote As far as Apple is concerned, China remains its second biggest market.
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Stocks to Consider Better-ranked stocks in the broader computer sector include Applied Optoelectronics, Inc. AAOI , Autohome Inc. ATHM and MAM Software Group, Inc. MAMS , all three sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Autohome Inc. (ATHM): Free Stock Analysis Report MAM Software Group, Inc. (MAMS): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The new datacenter represents a portion of Apple's planned $1 billion investment into the Guizhou province, according to a company statement.
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940a45a2-d879-419e-ac89-429f35eee073
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9932.0
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2017-07-10 00:00:00 UTC
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Why Applied Optoelectronics, Inc. Shares Fell 11.5% in June
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AAOI
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https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-shares-fell-115-june-2017-07-10
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nan
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nan
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What happened
Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 11.5% in June, according to data from S&P Global Market Intelligence .
So what
On June 9, analyst firm Goldman Sachs issued a warning that high-growth tech stocks looked overheated and could use a big correction. Tech giants and upstarts plunged on that report, and Applied Optoelectronics' stock fell as far as 15.2% that day.
Now what
Applied Optoelectronics set itself up for that quick plunge by posting strong gains in the previous 52 weeks. At the start of June, investors could look back at a thrilling one-year return of 586%, and it's not easy to hang on to market-crushing gains like these. Moreover, about half of the company's sales come from supplying fiber-optic components to Amazon.com and its sprawling network of data centers. Amazon shares plunged as much as 8.2% on June 9, dragging Applied Optoelectronics deeper into the red.
That being said, Applied Optoelectronics has earned its big gains the hard way. Quarterly sales nearly doubled year over year in the recently reported first quarter, and earnings jumped from near-breakeven to $1.10 per share. If anything, the June correction looks like a serious buying opportunity .
10 stocks we like better than Applied Optoelectronics
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David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
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Anders Bylund owns shares of AMZN. The Motley Fool owns shares of and recommends AMZN. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 11.5% in June, according to data from S&P Global Market Intelligence . So what On June 9, analyst firm Goldman Sachs issued a warning that high-growth tech stocks looked overheated and could use a big correction. At the start of June, investors could look back at a thrilling one-year return of 586%, and it's not easy to hang on to market-crushing gains like these.
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What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 11.5% in June, according to data from S&P Global Market Intelligence . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 11.5% in June, according to data from S&P Global Market Intelligence . 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!
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What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 11.5% in June, according to data from S&P Global Market Intelligence . Tech giants and upstarts plunged on that report, and Applied Optoelectronics' stock fell as far as 15.2% that day. That being said, Applied Optoelectronics has earned its big gains the hard way.
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cd3e00ce-629f-4772-9f68-f16e3c48d4ba
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9933.0
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2017-07-10 00:00:00 UTC
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MU Stock Update – 7 Reasons to Buy Micron Technology Now
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AAOI
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https://www.nasdaq.com/articles/mu-stock-update-7-reasons-to-buy-micron-technology-now-2017-07-10
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Micron Technology Inc. (NASDAQ: MU ), one of the leading worldwide providers of semiconductor memory solutions, have been performing well of late. But is MU stock a buy even after this run?
Yes. Micron is a great addition to any portfolio. It's not as big as Intel Corporation (NASDAQ: INTC ) but remains a top semiconductor stock to buy now for many reasons.
7 stocks to buy in July
If you haven't taken advantage of the share price appreciation in MU stock yet, its time you add the stock to your portfolio as it looks promising and is poised to carry the momentum ahead. This Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 10% and VGM Style Score of "A".
#1 Reason to Buy MU Stock - Earnings Estimates
Estimates for Micron have moved up in the last 30 days, reflecting the optimistic outlook of analysts. The earnings estimates for MU stock in fiscal 2017 and 2018 have gone up in the last 30 days.
For fiscal 2017, the Zacks Consensus Estimate for earnings has gone up 2.9% in the last 30 days and is pegged at $3.78. The Zacks Consensus Estimate for fiscal 2018 also moved north by 3 cents (0.6%) to $4.98 during the same time frame.
#2 Reason to Buy MU Stock - Earnings Surprises
Micron outpaced the Zacks Consensus Estimate in three of the trailing four quarters, generating an encouraging positive average earnings surprise of 17.2%.
#3 Reason to Buy MU Stock - Momentum
As a result, MU stock has outperformed the Zacks Electronic-Semiconductor industry in the last one year. Share price of Micron rose 138.9% compared with the industry's gain of just 41.2%.
#4 Reason to Buy MU Stock - Q3 Forecasts
Micron reported strong third-quarter fiscal 2017 adjusted earnings per share (excluding the impact of one-time items but including stock-based compensation expense) of $1.40 per share, beating the Zacks Consensus Estimate of $1.37 per share.
On a Non-GAAP basis, the company reported earnings of $1.62 per share compared with a loss of 3 cents reported in the year-ago quarter.
Micron's revenues in the quarter increased 92.1% on a year-over-year basis to $5.566 billion and surpassed the Zacks Consensus Estimate of $5.370 billion. The year-over-year increase was primarily due to strong DRAM pricing environment and favorable product mix. Also, reported revenues increased on a quarter-over-quarter basis (up 20%), primarily due to pricing improvement in the DRAM and NAND sales volume.
#5 Reason to Buy MU Stock - Raised Guidance
For the fourth quarter of fiscal 2017, Micron expects revenues in the range of $5.7-$6.1 billion. The Zacks Consensus Estimate is pegged at $5.55 billion. The company expects earnings per share in the range of $1.73-$1.87 per share. The Zacks Consensus Estimate is pegged at $1.80 per share.
Micron expects favorable supply and demand dynamics to continue in 2017.
#6 Reason to Buy MU Stock -Valuation
On the valuation front too, the stock looks attractive. The company currently trades at a forward P/E multiple of 7.9x, significantly lower than the Zacks categorized Electronics-Semiconductor industry's average of 14.7x. The ratio, which is obtained by dividing a stock's current market price with its historical or estimated earnings, measures how much an investor needs to shell out per dollar of earnings. Therefore, the lower the P/E of a stock, the better for a value investor.
#7 Reason to Buy MU Stock - Growth Drivers
Micron is anticipated to benefit from strong demand for NAND flash memory chips, which are used in smartphones and tablets. Driven by new tablet products and greater adoption of solid state drive (SSD), total demand in the NAND flash memory industry could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term.
Additionally, we are positive about the company's strategy of enhancing capabilities through acquisitions which are likely to boost its top-line performance. The acquisition of Inotera in Dec 2016 is estimated to be accretive to Micron's DRAM gross margin, earnings per share and free cash flow. According to the company, the acquisition will also have some operational benefits, leading to efficient management of investment levels and cadence followed by alignment with global manufacturing operations.
Looking at the improving selling prices for DRAM and strategic initiatives toward expanding in the SSD market, we feel Micron is a technology stock that deserves a place in investors' portfolio.
Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. (NASDAQ: AAOI ), Applied Materials, Inc. (NASDAQ: AMAT ) and Broadcom Limited (NASDAQ: AVGO ) each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics, Applied Materials and Broadcom have a long-term EPS growth rate of 20%, 16.6% and 13.6%, respectively.
The post MU Stock Update - 7 Reasons to Buy Micron Technology Now appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. (NASDAQ: AAOI ), Applied Materials, Inc. (NASDAQ: AMAT ) and Broadcom Limited (NASDAQ: AVGO ) each sporting a Zacks Rank #1 (Strong Buy). #7 Reason to Buy MU Stock - Growth Drivers Micron is anticipated to benefit from strong demand for NAND flash memory chips, which are used in smartphones and tablets. Driven by new tablet products and greater adoption of solid state drive (SSD), total demand in the NAND flash memory industry could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term.
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Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. (NASDAQ: AAOI ), Applied Materials, Inc. (NASDAQ: AMAT ) and Broadcom Limited (NASDAQ: AVGO ) each sporting a Zacks Rank #1 (Strong Buy). This Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 10% and VGM Style Score of "A". #2 Reason to Buy MU Stock - Earnings Surprises Micron outpaced the Zacks Consensus Estimate in three of the trailing four quarters, generating an encouraging positive average earnings surprise of 17.2%.
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Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. (NASDAQ: AAOI ), Applied Materials, Inc. (NASDAQ: AMAT ) and Broadcom Limited (NASDAQ: AVGO ) each sporting a Zacks Rank #1 (Strong Buy). #1 Reason to Buy MU Stock - Earnings Estimates Estimates for Micron have moved up in the last 30 days, reflecting the optimistic outlook of analysts. #2 Reason to Buy MU Stock - Earnings Surprises Micron outpaced the Zacks Consensus Estimate in three of the trailing four quarters, generating an encouraging positive average earnings surprise of 17.2%.
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Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. (NASDAQ: AAOI ), Applied Materials, Inc. (NASDAQ: AMAT ) and Broadcom Limited (NASDAQ: AVGO ) each sporting a Zacks Rank #1 (Strong Buy). The earnings estimates for MU stock in fiscal 2017 and 2018 have gone up in the last 30 days. #4 Reason to Buy MU Stock - Q3 Forecasts Micron reported strong third-quarter fiscal 2017 adjusted earnings per share (excluding the impact of one-time items but including stock-based compensation expense) of $1.40 per share, beating the Zacks Consensus Estimate of $1.37 per share.
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e4e2aed8-7f53-42dd-a8f8-0d88aec56df3
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9934.0
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2017-07-07 00:00:00 UTC
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Why Rambus, Applied Optoelectronics, and LGI Homes Jumped Today
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AAOI
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https://www.nasdaq.com/articles/why-rambus-applied-optoelectronics-and-lgi-homes-jumped-today-2017-07-07
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nan
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nan
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Friday provided much-needed relief to investors, with the market gaining ground in what has been a tough week. Many market participants took their cues from the June U.S. employment report, which included 222,000 new jobs and signs that more people are coming back into the workforce to search for employment. The Dow Jones Industrials were up close to 100 points, while the Nasdaq and S&P 500 posted even larger gains on a percentage basis. Also helping was good news from certain individual stocks, and Rambus (NASDAQ: RMBS) , Applied Optoelectronics (NASDAQ: AAOI) , and LGI Homes (NASDAQ: LGIH) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Rambus rises on sale rumors
Shares of Rambus picked up 10% after reports surfaced that the semiconductor company might be looking at putting itself up for sale. The semiconductor specialist has had difficulty making much progress over the past three years, but its results have shown some signs of strength recently. In the first quarter of 2017, the company said that revenue climbed by a third from the previous year's quarter, and adjusted net income was also up sharply. In addition to its historical exposure to the DRAM memory market, Rambus has been looking to broaden its scope, and the introduction of its unified payment platform showed aspects of its security and payments business as a potential avenue for further expansion. Investors in Rambus have gotten their hopes up before only to be disappointed , but this time, some believe that there might be something to the bullish thesis for the stock.
Applied Optoelectronics gets a good reception
Applied Optoelectronics stock rose over 9% in the wake of positive comments from industry analysts. The fiber optics specialist was among the companies mentioned in a report from Needham, whose analysts still believe that the entire industry is worthy of its top "strong buy" rating. The move higher is just the latest in what has been a stellar year for Applied Optoelectronics, and many believe that because major telecommunications network improvements are imminent, fiber optic companies will be called upon to dramatically boost the volume of services they provide. As long as orders keep coming in strong , Applied Optoelectronics will have the opportunity to capitalize on the favorable environment and work to capture the largest possible share of the growing market.
LGI Homes blows the roof off its results
Finally, shares of LGI Homes gained 5%. The homebuilder reported that it closed on 623 homes in June, which was a record and a 75% increase from June 2016 figures. The favorable report extends a positive streak for LGI Homes , which had also seen substantial increases in May and for the entire year to date. Some fear that higher mortgage rates could crimp profits for LGI and its homebuilder peers, but so far, the rise in long-term interest rates on which most mortgages are based haven't climbed nearly as far as the short-term interest rates over which the Federal Reserve wields the most direct influence. Yet the Texas-based company has some advantages over homebuilders in less-popular areas, and that could keep LGI Homes rising even if other players in the industry start to falter.
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Dan Caplinger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also helping was good news from certain individual stocks, and Rambus (NASDAQ: RMBS) , Applied Optoelectronics (NASDAQ: AAOI) , and LGI Homes (NASDAQ: LGIH) were among the best performers on the day. The fiber optics specialist was among the companies mentioned in a report from Needham, whose analysts still believe that the entire industry is worthy of its top "strong buy" rating. The move higher is just the latest in what has been a stellar year for Applied Optoelectronics, and many believe that because major telecommunications network improvements are imminent, fiber optic companies will be called upon to dramatically boost the volume of services they provide.
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Also helping was good news from certain individual stocks, and Rambus (NASDAQ: RMBS) , Applied Optoelectronics (NASDAQ: AAOI) , and LGI Homes (NASDAQ: LGIH) were among the best performers on the day. Rambus rises on sale rumors Shares of Rambus picked up 10% after reports surfaced that the semiconductor company might be looking at putting itself up for sale. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Also helping was good news from certain individual stocks, and Rambus (NASDAQ: RMBS) , Applied Optoelectronics (NASDAQ: AAOI) , and LGI Homes (NASDAQ: LGIH) were among the best performers on the day. Applied Optoelectronics gets a good reception Applied Optoelectronics stock rose over 9% in the wake of positive comments from industry analysts. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
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Also helping was good news from certain individual stocks, and Rambus (NASDAQ: RMBS) , Applied Optoelectronics (NASDAQ: AAOI) , and LGI Homes (NASDAQ: LGIH) were among the best performers on the day. Applied Optoelectronics gets a good reception Applied Optoelectronics stock rose over 9% in the wake of positive comments from industry analysts. The fiber optics specialist was among the companies mentioned in a report from Needham, whose analysts still believe that the entire industry is worthy of its top "strong buy" rating.
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7cea2d36-13e1-4661-ac45-b2500355a874
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9935.0
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2017-07-07 00:00:00 UTC
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Noteworthy Friday Option Activity: CAT, PANW, AAOI
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AAOI
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https://www.nasdaq.com/articles/noteworthy-friday-option-activity-cat-panw-aaoi-2017-07-07
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Caterpillar Inc. (Symbol: CAT), where a total volume of 22,087 contracts has been traded thus far today, a contract volume which is representative of approximately 2.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.7% of CAT's average daily trading volume over the past month, of 4.6 million shares. Particularly high volume was seen for the $105 strike put option expiring August 18, 2017 , with 2,926 contracts trading so far today, representing approximately 292,600 underlying shares of CAT. Below is a chart showing CAT's trailing twelve month trading history, with the $105 strike highlighted in orange:
Palo Alto Networks, Inc (Symbol: PANW) saw options trading volume of 6,763 contracts, representing approximately 676,300 underlying shares or approximately 47.4% of PANW's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $138 strike call option expiring July 07, 2017 , with 533 contracts trading so far today, representing approximately 53,300 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $138 strike highlighted in orange:
And Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 12,691 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 46.9% of AAOI's average daily trading volume over the past month, of 2.7 million shares. Particularly high volume was seen for the $55 strike put option expiring September 15, 2017 , with 702 contracts trading so far today, representing approximately 70,200 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for CAT options , PANW options , or AAOI options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $55 strike put option expiring September 15, 2017 , with 702 contracts trading so far today, representing approximately 70,200 underlying shares of AAOI. Below is a chart showing PANW's trailing twelve month trading history, with the $138 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 12,691 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 46.9% of AAOI's average daily trading volume over the past month, of 2.7 million shares.
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Below is a chart showing PANW's trailing twelve month trading history, with the $138 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 12,691 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 46.9% of AAOI's average daily trading volume over the past month, of 2.7 million shares. Particularly high volume was seen for the $55 strike put option expiring September 15, 2017 , with 702 contracts trading so far today, representing approximately 70,200 underlying shares of AAOI.
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That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 46.9% of AAOI's average daily trading volume over the past month, of 2.7 million shares. Below is a chart showing PANW's trailing twelve month trading history, with the $138 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 12,691 contracts thus far today. Particularly high volume was seen for the $55 strike put option expiring September 15, 2017 , with 702 contracts trading so far today, representing approximately 70,200 underlying shares of AAOI.
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Particularly high volume was seen for the $55 strike put option expiring September 15, 2017 , with 702 contracts trading so far today, representing approximately 70,200 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $55 strike highlighted in orange: For the various different available expirations for CAT options , PANW options , or AAOI options , visit StockOptionsChannel.com. Below is a chart showing PANW's trailing twelve month trading history, with the $138 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 12,691 contracts thus far today.
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2017-07-06 00:00:00 UTC
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7 Stocks to Buy Before Their Earnings Breakout
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AAOI
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https://www.nasdaq.com/articles/7-stocks-buy-their-earnings-breakout-2017-07-06
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Source: Shutterstock
Finding the best stocks to buy around earnings is difficult. But if you've used my Portfolio Grader tool or have kept up with this blog, you know that I put a lot of weight on what analysts are saying about any given stock.
7 A-Rated Stocks to Buy for 2017's Second Half
And an effective way to judge how the analyst community feels about what are the best stocks to buy is by tracking their earnings estimates for the quarter.
Upward revisions are an important indicator of a company's future success. You see, analysts are paid to estimate a company's earnings outlook and help investors find the best stocks to buy now. If an analyst makes a wrong estimate that ends up costing investors money, that analyst could be out of a job. If a number of Wall Street analysts start to move their forecasts higher, it's a good bet that the stock will outperform expectations and deliver market-beating returns to investors since positive revisions are never made lightly.
I know that I usually focus on sales and earnings growth when these reports come out. But now that we're in the swing of third-quarter earnings season, we're seeing interesting analyst activity regarding some of the hottest names on Wall Street. While the market may have not reacted to these upgrades just yet, I want you to be prepared for what's to come for the impending earnings season.
To get to the point, here are seven companies that have the analyst community buzzing, and they should be on your radar as well.
Click here to get details on my seven favorite stocks before earnings….
AAOI stock - Over the past 90 days, analysts have revised the consensus EPS estimate for Applied Optoelectronics Inc (NASDAQ: AAOI ) up from $0.84 to $1.14, a 35.7% increase. As it stands, analysts are forecasting 612.5% annual earnings growth and 99.5% annual sales growth. Then again, Applied Optoelectronics will likely do even better, given its strong track record of earnings surprises.
AMAT stock - Over the past 90 days, analysts have hiked up their EPS estimates on Applied Materials, Inc. (NASDAQ: AMAT ) from $0.66 to $0.84, a 27.3% increase. The consensus estimate is calling for 68% annual earnings growth and 30.7% annual sales growth.
AVGO stock - Over the past 30 days, analysts have revised the consensus EPS estimate for Broadcom Ltd (NASDAQ: AVGO ) up from $3.68 to $4.03. The current estimate is for 39.4% annual earnings growth and 17.2% annual sales growth.
LRCX stock - Over the past 90 days, the consensus EPS estimate for Lam Research Corporation (NASDAQ: LRCX ) has jumped from $2.65 to $3.04, a 14.7% increase. Analysts are calling for 68.9% annual earnings growth and 50% annual sales growth.
MKSI stock - Over the past 90 days, the consensus EPS estimate for MKS Instruments, Inc. (NASDAQ: MKSI ) has risen from $1.08 to $1.41, a 30.6% increase. Analysts are forecasting 95.8% annual earnings growth and 43% annual sales growth.
Weibo Corp. (NASDAQ: WB ): Over the past 60 days, analysts have revised the consensus EPS estimate up from $0.29 to $0.36, a 24.1% increase. The current estimate is for 125% annual earnings growth and 68% annual sales growth.
Western Digital Corp. (NASDAQ: WDC ): Over the past 90 days, the consensus EPS estimate has jumped from $2.11 to $2.78, a 31.8% increase. The current estimate is for 251.9% annual earnings growth and 37.7% annual sales growth.
Louis Navellier is a renowned growth investor. He is the editor of five investing newsletters: Blue Chip Growth, Emerging Growth, Ultimate Growth, Family Trust and Platinum Growth. His most popular service, Blue Chip Growth, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.
The post 7 Stocks to Buy Before Their Earnings Breakout appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAOI stock - Over the past 90 days, analysts have revised the consensus EPS estimate for Applied Optoelectronics Inc (NASDAQ: AAOI ) up from $0.84 to $1.14, a 35.7% increase. If a number of Wall Street analysts start to move their forecasts higher, it's a good bet that the stock will outperform expectations and deliver market-beating returns to investors since positive revisions are never made lightly. But now that we're in the swing of third-quarter earnings season, we're seeing interesting analyst activity regarding some of the hottest names on Wall Street.
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AAOI stock - Over the past 90 days, analysts have revised the consensus EPS estimate for Applied Optoelectronics Inc (NASDAQ: AAOI ) up from $0.84 to $1.14, a 35.7% increase. The consensus estimate is calling for 68% annual earnings growth and 30.7% annual sales growth. AVGO stock - Over the past 30 days, analysts have revised the consensus EPS estimate for Broadcom Ltd (NASDAQ: AVGO ) up from $3.68 to $4.03.
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AAOI stock - Over the past 90 days, analysts have revised the consensus EPS estimate for Applied Optoelectronics Inc (NASDAQ: AAOI ) up from $0.84 to $1.14, a 35.7% increase. The consensus estimate is calling for 68% annual earnings growth and 30.7% annual sales growth. Analysts are calling for 68.9% annual earnings growth and 50% annual sales growth.
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AAOI stock - Over the past 90 days, analysts have revised the consensus EPS estimate for Applied Optoelectronics Inc (NASDAQ: AAOI ) up from $0.84 to $1.14, a 35.7% increase. You see, analysts are paid to estimate a company's earnings outlook and help investors find the best stocks to buy now. Louis Navellier is a renowned growth investor.
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89565167-8bba-42ab-b52b-fc1053604a9b
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9937.0
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2017-07-06 00:00:00 UTC
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Equinix Plans to Build New IBX, Expand in Netherlands
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AAOI
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https://www.nasdaq.com/articles/equinix-plans-to-build-new-ibx-expand-in-netherlands-2017-07-06
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nan
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nan
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Global data center service provider, Equinix Inc.EQIX , recently announced its plan to build a new International Business Exchange (IBX) in Amsterdam. The new IBX infrastructure, which will be known as AM4, will be developed at the company's existing Amsterdam Science Park campus.
As per the plan, Equinix will invest $113 million in the first phase of the project's development, facilitating the accommodation of 1,555 cabinets. This will be followed by the company's initiation of three more phases to increase the capacity to 4,200 cabinets. The total investment on AM4 project will amount to $189 million.
According to Eric Schwartz, president of Equinix, "Amsterdam has long been a key digital gateway and a significant piece of Equinix's global data center footprint. By moving IT to these sort of environments, businesses create a digital edge that increases performance and end-user experience, but also allows them to adopt to meet future needs. The addition of AM4 gives these businesses yet another way to interconnect in this key market."
The recent venture is in sync with the company's $1 billion investment plan announced in Apr 2017. According to the plan, Equinix has declared to unveil five IBX data centers in Sao Paulo, Frankfurt, Amsterdam, Silicon Valley and Washington D.C., within this year. Apart from this, the company intends to expand 14 of its existing data centers.
Expansion in important markets and consolidation of facilities in existing ones has been an important part of Equinix's core strategy. The company consistently strives to boost its revenue base and profitability, by offering upgraded technology to clients. Moreover, the recurring revenue model has provided the much-needed support to the company's revenue stream over the years. The company's cloud and IT service businesses are its fastest growing segments and account for roughly one fourth of the total revenue.
Further, the company remains positive on the growing demand for data centers. To meet the rising demand for cloud services, this global interconnection and data center company is planning for global expansion and is gaining popularity among tech companies looking for data management. Thus, the company projects its total addressable market for retail data centers to increase at a CAGR of 8% from 2013-2017 and reach $24.0 billion. Based on this, Equinix projects revenue growth rate of 10% through 2017.
Thus, we believe that by expanding its data center assets, Equinix will be in a better position to capitalize on this opportunity. Furthermore, this expansion will help the company to fortify global footprint and rake in additional revenues.
Shares of Equinix have been steadily trading higher on a year-to-date basis. The stock generated a return of approximately 18.6% compared with the Zacks REIT-Equity Trust industry's decline of 5.2% during the same time frame.
Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and Applied Materials, Inc. AMAT . Broadcom and Applied Materials, sport a Zacks Rank #1 (Strong Buy), while Applied Optoelectronics carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics, Broadcom and Applied Materials have expected long-term earnings per share growth rates of 18.7%, 13.6% and 16.6%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2%, respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Equinix, Inc. (EQIX): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and Applied Materials, Inc. AMAT . Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Global data center service provider, Equinix Inc.EQIX , recently announced its plan to build a new International Business Exchange (IBX) in Amsterdam.
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Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and Applied Materials, Inc. AMAT . Global data center service provider, Equinix Inc.EQIX , recently announced its plan to build a new International Business Exchange (IBX) in Amsterdam.
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Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and Applied Materials, Inc. AMAT . Global data center service provider, Equinix Inc.EQIX , recently announced its plan to build a new International Business Exchange (IBX) in Amsterdam.
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and Applied Materials, Inc. AMAT . Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Global data center service provider, Equinix Inc.EQIX , recently announced its plan to build a new International Business Exchange (IBX) in Amsterdam.
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9938.0
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2017-07-06 00:00:00 UTC
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The Zacks Analyst Blog Highlights: CAI International, Applied Optoelectronics, OraSure Technologies, KEMET and Chemours
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AAOI
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-cai-international-applied-optoelectronics-orasure
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For Immediate Release
Chicago, IL - July 06, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include CAI International Inc (NYSE: CAI- Free Report ), Applied Optoelectronics Inc (NASDAQ: AAOI- Free Report ), OraSure Technologies, Inc. (NASDAQ: OSUR- Free Report ), KEMET Corporation (NYSE: KEM- Free Report ) and Chemours Co (NYSE: CC- Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .
Here are highlights from Wednesday's Analyst Blog:
Best First-Half for Wall Street Since 2013: Top 5 Gainers
U.S. stocks saw the strongest first half of a year since 2013 on expectations that the Trump administration will deliver on the much-awaited policy changes. But as prospects for such initiatives dwindled in the later part of the first half, the gains were driven by strong corporate earnings, more confident consumers and a 16-year low unemployment rate.
Tech companies were some of the best performers in the first half, resulting in the splendid performance for the Nasdaq in almost eight years, while the financials space also gave healthy returns on the back of solid stress test results.
Stocks also benefited from improving global economics, particularly, in the Eurozone. The European economy is looking up, with factories in the first half ramping up at the fastest rate for over six years. Thanks to this bullish trend, it seems prudent to take a look at the best performers in the first half, which also have the potential to move further north.
Dow and S&P 500 Post Best First-Half Gains Since 2013
The Dow Jones and the S&P 500 each gained around 8% in the first six months of the year, their best performance since 2013. The rally was initially boosted by expectations that the Trump administration will be able to deliver on its pro-business policies, including "massive" tax cuts, deregulation and uptick in infrastructure outlays.
However, as chances of Trump getting his policies through Congress ebbed, gains have continued on the back of solid corporate earnings and U.S. consumers showing signs of confidence about their finances.
Q1 Sees Highest Earnings Growth Level in 5 Years
Total earnings for the S&P 500 members that have reported quarterly results already are up 13.4% from the same period last year on 7.1% higher revenues, with 72.5% beating EPS estimates and 65.5% beating revenue estimates.
Earnings growth scaled the highest level in over five years and growth was driven by almost all the sectors. Significant number of companies beat the consensus estimate, including revenue estimates. While the Financial sector lead the earnings space earlier in the reporting cycle, the baton was ultimately handed over to a host of other spaces like tech, industrials, basic materials and energy (read more: Taking Stock of the Earnings Picture ).
Consumer Confidence High, Jobs Market Upbeat
Consumers, in the meanwhile, are more confident about their ability to pay bills and cover other necessary expenditures. The Consumer Confidence index rebounded to 118.9 in June from 117.6 in May. The Present Situation Index also rose from 140.6 to 146.3. Consumers' estimation of prevailing business conditions has also improved this month. The Conference Board's Director of Economic Indicators said that consumers' outlook on the economy touched a near 16-year high in June (read more: Consumers Remain Confident: Buy These 5 Top-Rated Picks ).
Stable employment numbers also lifted investors' sentiments. The unemployment rate declined from 4.4% to 4.3% in May, marking the lowest since 2001. Since January, the unemployment rate has seen a decrease of 0.5%. The U-6, considered a broader measure of unemployment since it includes those who work part time for purely economic reasons, declined to 8.4%. This also marks the lowest level since mid-2007.
Job additions in May were 138,000, much lower than the consensus estimate of 184,000. Despite the decline in job additions, several economists believe that the situation is not as bad as it seems. With full employment within reach, the economy may need to add only 100,000 jobs on a regular basis to maintain growth levels (read more: 5 Stocks to Buy as Jobless Rate Hits 16-Year Low ).
Nasdaq's Best First Half Since 2009
The Nasdaq Composite Index carved its best first half of a year since 2009, rising 14.1%. During the stretch, the tech-laden index registered 38 all-time closing highs, the most at the first half since 1986 when it logged 52 record closes. The Nasdaq 100 Index was also in the headlines, whose combined value swelled by $500 billion in the first quarter, the highest since the tech bubble peak in 2000.
If we consider the "FAANGtastic five" - Facebook, Apple, Amazon, Netflix and Alphabet - each of them gained between 16% and 28% in the first half of this year. Amazon, in particular, at one point topped the $1000-a-share level, highlighting the stellar show put up by tech stocks in the said period. Internet and tech companies scaled higher on hopes that potential tax reforms will get eventually implemented. Many tech companies have, in fact, boosted earnings without the help of government policies. Notably, Apple and Microsoft are riding high on growing demand for smartphones and web-based services.
Tech has been the best-performing sector for most of 2017, catapulting to a price-to-earnings ratio that is four times the level achieved in 2001. But, on a price-to-earnings basis, the sector still lags its 20-year average, as per MKM Partners. Hence, if its high valuation is a concern, trust the sector's profits to scale higher in the days ahead (read more: Silicon Valley Is Richer Than Ever: 4 Hot Tech Picks).
Financials Got a Boost in June, Investors Prefer Stocks Over Bonds
Financial stocks got a lift in June after all 34 of the largest banks passed the stress tests by the Federal Reserve, mandated by the Dodd-Frank regulation. The findings have been encouraging, with all the banks appearing to have sufficient capital balances, which will help them keep lending even at times of a severe recession. Their ability to also return billions in cash to investors by raising dividends or buying back shares helped bank shares gain traction (read more: Big Banks Pass Fed's "Stress Test": 3 Top Winners ).
While the Fed has also hiked its benchmark interest rates twice this year, rates on long-term bonds still remain low. This will boost companies as they can borrow money at a less expensive rate. Moreover, low payouts for bonds also make it highly unlikely for investors to ditch stocks and buy bonds.
5 Top Gainers in First Half
While the U.S. stock market finished the first half on a strong note, improvement in other parts of the globe, particularly the Eurozone, are putting investors at ease. These calls for investing in the best performers of the first half of this year that are not only fundamentally sound but also have the potential to gain further.
We have thus selected five solid stocks that flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a VGM Score of 'A' or 'B.' Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three metrics. Such a score allows you to eliminate the negative aspects of stocks and select winners.
CAI International Inc (NYSE: CAI- Free Report ) is a transportation finance and logistics company. The company has a Zacks Rank #1 and a VGM Score of 'B'. The Zacks Consensus Estimate for its current year earnings soared 74.8% over the last 90 days.
The company rose over 160% in the first half of this year. The company is projected to gain 352.2% this year, in contrast to the Transportation - Equipment and Leasing industry' projected decline of 20.8%.
Applied Optoelectronics Inc (NASDAQ: AAOI- Free Report ) is a vertically integrated provider of fiber-optic networking products. The company has a Zacks Rank #2 and a VGM Score of 'B'. The Zacks Consensus Estimate for its current year earnings surged 38.2% over the last 90 days.
The company has climbed around 160% in the first half of this year. The company is expected to rise 271.2% this year, higher than the Electronics - Semiconductors industry's estimated gain of 12.5%.
OraSure Technologies, Inc. (NASDAQ: OSUR- Free Report ) is involved in the development, manufacture, marketing and sale of oral fluid diagnostic products. The company has a Zacks Rank #2 and a VGM Score of 'B'. The Zacks Consensus Estimate for its current year earnings climbed 22.2% over the last 90 days.
The company has rallied more than 90% in the first half of this year. The company is projected to increase 27.1% this year, more than the Electronics - Semiconductors industry's projected gain of 7.8%. You can see the complete list of today's Zacks #1 Rank stocks here.
KEMET Corporation (NYSE: KEM- Free Report ) is a manufacturer of passive electronic components. The company has a Zacks Rank #1 and a VGM Score of 'A'. The Zacks Consensus Estimate for its current year earnings rose 131.6% over the last 90 days.
The company has gained about 90% in the first half of this year. The company is projected to increase 152.4% this year, more than the Electronics - Miscellaneous Components industry's projected gain of 16.1%.
Chemours Co (NYSE: CC- Free Report ) is a provider of performance chemicals. The company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. Chemours has a Zacks Rank #2 and a VGM Score of 'B'. The Zacks Consensus Estimate for its current year earnings jumped 131.6% over the last 90 days.
The company has rose more than 70% in the first half of this year. The company is projected to rise 228.4% this year, higher than the Chemical - Diversified industry's projected gain of 8.3%.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on CAI - FREE
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CAI International, Inc. (CAI): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
OraSure Technologies, Inc. (OSUR): Free Stock Analysis Report
Chemours Company (The) (CC): Free Stock Analysis Report
Kemet Corporation (KEM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include CAI International Inc (NYSE: CAI- Free Report ), Applied Optoelectronics Inc (NASDAQ: AAOI- Free Report ), OraSure Technologies, Inc. (NASDAQ: OSUR- Free Report ), KEMET Corporation (NYSE: KEM- Free Report ) and Chemours Co (NYSE: CC- Free Report ). Applied Optoelectronics Inc (NASDAQ: AAOI- Free Report ) is a vertically integrated provider of fiber-optic networking products. Get the full Report on CAI - FREE Get the full Report on AAOI - FREE Get the full Report on OSUR - FREE Get the full Report on KEM - FREE Get the full Report on CC - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Stocks recently featured in the blog include CAI International Inc (NYSE: CAI- Free Report ), Applied Optoelectronics Inc (NASDAQ: AAOI- Free Report ), OraSure Technologies, Inc. (NASDAQ: OSUR- Free Report ), KEMET Corporation (NYSE: KEM- Free Report ) and Chemours Co (NYSE: CC- Free Report ). Get the full Report on CAI - FREE Get the full Report on AAOI - FREE Get the full Report on OSUR - FREE Get the full Report on KEM - FREE Get the full Report on CC - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report OraSure Technologies, Inc. (OSUR): Free Stock Analysis Report Chemours Company (The) (CC): Free Stock Analysis Report Kemet Corporation (KEM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include CAI International Inc (NYSE: CAI- Free Report ), Applied Optoelectronics Inc (NASDAQ: AAOI- Free Report ), OraSure Technologies, Inc. (NASDAQ: OSUR- Free Report ), KEMET Corporation (NYSE: KEM- Free Report ) and Chemours Co (NYSE: CC- Free Report ). Get the full Report on CAI - FREE Get the full Report on AAOI - FREE Get the full Report on OSUR - FREE Get the full Report on KEM - FREE Get the full Report on CC - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report CAI International, Inc. (CAI): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report OraSure Technologies, Inc. (OSUR): Free Stock Analysis Report Chemours Company (The) (CC): Free Stock Analysis Report Kemet Corporation (KEM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include CAI International Inc (NYSE: CAI- Free Report ), Applied Optoelectronics Inc (NASDAQ: AAOI- Free Report ), OraSure Technologies, Inc. (NASDAQ: OSUR- Free Report ), KEMET Corporation (NYSE: KEM- Free Report ) and Chemours Co (NYSE: CC- Free Report ). Applied Optoelectronics Inc (NASDAQ: AAOI- Free Report ) is a vertically integrated provider of fiber-optic networking products. Get the full Report on CAI - FREE Get the full Report on AAOI - FREE Get the full Report on OSUR - FREE Get the full Report on KEM - FREE Get the full Report on CC - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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3207069d-873d-4b43-9fc8-eb7a3c5453ab
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9939.0
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2017-07-05 00:00:00 UTC
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Here's Why You Should Buy Applied Optoelectronics Stock Now
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AAOI
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https://www.nasdaq.com/articles/heres-why-you-should-buy-applied-optoelectronics-stock-now-2017-07-05
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nan
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nan
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A wise investment decision involves buying well-performing stocks at the right time while selling those that are at risk. A rise in share price and strong fundamentals signal a stock's bullish run.
Applied Optoelectronics, Inc. AAOI is technology stock that has performed extremely well so far this year and has the potential to carry the momentum in near term. Therefore, if you haven't taken advantage of the share price appreciation yet, it's time you add the stock to your portfolio.
What Makes Applied Optoelectronics an Attractive Pick?
An Outperformer: The company has outperformed the Zacks categorized Electronics - Semiconductors industry on a year-to-date basis. The stock returned a massive 161.9% compared with 20.9% increase recorded by the industry.
Solid Rank & VGM Score: Applied Optoelectronics currently carries a Zacks Rank #2 (Buy) and a Value Growth Momentum Score (VGM Score) of 'B'. Our research shows that stocks with a VGM Score of 'A' or 'B' when combined with a Zacks Rank #1 (Strong Buy) or #2 offer the best investment opportunities for investors. Thus, the company appears to be a compelling investment proposition at the moment.
You can see the complete list of today's Zacks #1 Rank stocks here.
Northward Estimate Revisions: Estimates for the current year moved north over the past 60 days, reflecting analysts' confidence in the company. Over this period, the Zacks Consensus Estimate for the current year increased 0.5% to $4.34.
Positive Earnings Surprise History: Applied Optoelectronics has an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 118.3%.
Strong Growth Prospects: The Zacks Consensus Estimate for 2017 earnings is currently pegged at $4.34, reflecting year-over-year growth of 271.2%. Moreover, earnings are expected to register 15.3% growth in 2018. The stock has long-term expected earnings per share growth rate of 18.8%.
Growth Drivers: The fiber-optic networking market is experiencing a boost as telecoms across the globe are upgrading their internet connections and in-house data center networks to install next-generation 5G wireless networks. Since, fiber-optics offer the quickest and least expensive network solutions, Applied Optoelectronics has considerable opportunity to grow in this market.
Moreover, Applied Optoelectronics is currently riding on Amazon Web Services' (AWS) growth. It derives nearly 50% of its revenues from Amazon AMZN whose booming cloud business is helping Applied Optoelectronics' top line to gain traction. Notably, the company's customer list contains big names such as Microsoft MSFT and Facebook FB and of course Amazon.
Applied Optoelectronics, Inc. Revenue (TTM)
Applied Optoelectronics, Inc. Revenue (TTM) | Applied Optoelectronics, Inc. Quote
With the market shifting from 40-Gig to 100-Gig data center products, Applied Optoelectronics sees demand for both. In the last reported quarter (first quarter of 2017), 40G and 100G products contributed a respective 62% and 30% to the company's data center revenues.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2%respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics, Inc. AAOI is technology stock that has performed extremely well so far this year and has the potential to carry the momentum in near term. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Our research shows that stocks with a VGM Score of 'A' or 'B' when combined with a Zacks Rank #1 (Strong Buy) or #2 offer the best investment opportunities for investors.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. AAOI is technology stock that has performed extremely well so far this year and has the potential to carry the momentum in near term. Solid Rank & VGM Score: Applied Optoelectronics currently carries a Zacks Rank #2 (Buy) and a Value Growth Momentum Score (VGM Score) of 'B'.
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Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. AAOI is technology stock that has performed extremely well so far this year and has the potential to carry the momentum in near term. Solid Rank & VGM Score: Applied Optoelectronics currently carries a Zacks Rank #2 (Buy) and a Value Growth Momentum Score (VGM Score) of 'B'.
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Applied Optoelectronics, Inc. AAOI is technology stock that has performed extremely well so far this year and has the potential to carry the momentum in near term. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Our research shows that stocks with a VGM Score of 'A' or 'B' when combined with a Zacks Rank #1 (Strong Buy) or #2 offer the best investment opportunities for investors.
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9feb06af-be37-430c-aa9d-bf07bd97f1dd
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9940.0
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2017-07-05 00:00:00 UTC
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Philips Buys Health & Parenting to Boost Parenting Platform
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AAOI
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https://www.nasdaq.com/articles/philips-buys-health-parenting-to-boost-parenting-platform-2017-07-05
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nan
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nan
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Koninklijke Philips N.V.PHG continued its impressive acquisition spree, as it announced the buyout of Health & Parenting Ltd - a London-based developer of healthcare and family-related mobile applications for expectant and new parents. Financial details of the transaction were kept under wraps.
Health & Parenting's applications will be integrated into Philips' uGrow digital parenting platform, and will serve to strengthen Philips' offerings in pregnancy and parenting. The uGrow digital parenting platform captures data from connected devices, like Philips Avent smart baby monitor and Philips Avent smart ear thermometer, and offers personalized feedback and advice.
Philipshas been exceptionally active in the acquisition space, of late. After announcing the acquisition of Spectranetics Corporation SPNC earlier this week, the health technology behemoth revealed a deal to buy CardioProlific Inc. The Health & Parenting buyout marks Philips' seventh acquisition this year. In addition to CardioProlific and Spectranetics, the company had earlier announced deals to acquire Electrical Geodesics, Respiratory Technologies, Respiratory Technologies, Inc. and Australian Pharmacy Sleep Services.
Philips has morphed from a lighting company into a healthcare technology provider, over the last couple of years, and it is leveraging bolt-on acquisitions to expand its footprint in this space. The company's revenues have been encouraging in recent times, and these accretive acquisitions should lend solid momentum to the unit's growth in the quarter to come. Also, Philips' transformation from a hardware-oriented to a software-driven business, which is a higher-margin, recurring-revenue model, sits well with the investors.
This is reflected in the company's stock movement in the recent past. Shares of the company have gained 18.8% in the last six months, outperforming the Zacks categorized Electronics Products-Miscellaneous industry's average gain of 12.7%.
Also, the stock has been attracting positive analyst attention in recent weeks. Over the past 60 days, analysts have become bullish on the stock, with estimates moving north. With one upward revision compared with no downward revision over the past two months, the Zacks Consensus Estimate for fiscal 2017 earnings inched up from $1.56 to $1.60.
Koninklijke Philips N.V. Price and Consensus
Koninklijke Philips N.V. Price and Consensus | Koninklijke Philips N.V. Quote
Stocks to Consider
Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . While Applied Materials sports a Zacks Rank #1 (Strong Buy), Applied Optoelectronics carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
With four back-to-back beats, Applied Materials has an average positive surprise of 3.4% for the trailing four quarters.
Applied Optoelectronics has a whopping average earnings surprise of 118.3% for the trailing four quarters, with three back-to-back beats.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Koninklijke Philips N.V. (PHG): Free Stock Analysis Report
The Spectranetics Corporation (SPNC): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Koninklijke Philips N.V. Price and Consensus Koninklijke Philips N.V. Price and Consensus | Koninklijke Philips N.V. Quote Stocks to Consider Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. After announcing the acquisition of Spectranetics Corporation SPNC earlier this week, the health technology behemoth revealed a deal to buy CardioProlific Inc.
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Koninklijke Philips N.V. Price and Consensus Koninklijke Philips N.V. Price and Consensus | Koninklijke Philips N.V. Quote Stocks to Consider Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. After announcing the acquisition of Spectranetics Corporation SPNC earlier this week, the health technology behemoth revealed a deal to buy CardioProlific Inc.
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Koninklijke Philips N.V. Price and Consensus Koninklijke Philips N.V. Price and Consensus | Koninklijke Philips N.V. Quote Stocks to Consider Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. While Applied Materials sports a Zacks Rank #1 (Strong Buy), Applied Optoelectronics carries a Zacks Rank #2 (Buy).
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Koninklijke Philips N.V. Price and Consensus Koninklijke Philips N.V. Price and Consensus | Koninklijke Philips N.V. Quote Stocks to Consider Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. This is reflected in the company's stock movement in the recent past.
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a1e55eec-9dd7-4a83-88bc-eece8e30ce47
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9941.0
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2017-07-05 00:00:00 UTC
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Infosys, Active.AI Join Forces to Transform Banking Services
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AAOI
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https://www.nasdaq.com/articles/infosys-active.ai-join-forces-to-transform-banking-services-2017-07-05
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nan
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nan
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Infosys Finacle, the banking platform of Infosys Limited 's INFY subsidiary, EdgeVerve Systems, recently announced that it has entered into a partnership with Singapore-based fintech firm, Active.AI, to upgrade banking services. The jointly developed offering will help financial institutions use artificial intelligence (AI) to enhance customer experience.
Changing the Banking Experience
In particular, Finacle and Active.AI will work closely to develop conversational banking services through chat- and voice-based interfaces across digital channels. Finacle digital channels solutions, such as Finacle Online Banking and Finacle Mobile Banking, will ensure the latest solution is available in multiple languages.
Other benefits from this new offering will include access to pre-integrated banking services and pre-trained data models. Moreover, it will allow end users to interact with machines to perform critical banking tasks such as payment of bills and transfers.
Post the demonetization announcement by Prime Minister Narendra Modi, India has been increasingly using cashless transactions and digital payments. We believe this opens a huge expansion opportunity for Finacle, which forms the backbone of the country's banking and financial institutions.
Roughly 70% of the top 40 banks in India leverage Fincale, which is EdgeVerve's most successful offering and also a major growth driver for Infosys. Its extensive reach and network helps it capitalize on the spiraling digitization of India's trade. During fourth-quarter fiscal 2017, EdgeVerve delivered a strong performance, with 30 wins and 26 go-lives from both Finacle and Edge.
Troubling Times
Despite the strong performance of Finacle, Infoys is still facing trouble. Over the last few months, India's premium technology behemoth has grabbed headlines for all the wrong reasons. Heightening fears involving H-1B visa program, conflict within the top brass, rumors of a stake sale by founders and bad press have been doing the rounds, maligning the reputation of the company.
The share price movement over the past three months mirrors these troubling times. Infosys' shares have lost 1.4% against the Zacks categorized IT Services industry 's gain of 5.2%. Given its array of problems, we believe that Infosys is in for an even bumpier ride in the foreseeable future.
Weakening demand of its traditional business has put the company's top line under pressure. Rapid proliferation of customizable internet-based software has been hampering Infosys' traditional outsourcing business. U.S. President Trump's stance on anti-immigration policies has made matters worse for India's second largest IT firm.
Last month, Infosys announced plans to hire about 10,000 American workers over the next two years. The changing times are a direct threat to this Zacks Rank #4 (Sell) company's economical cost structure, which focuses on using workforce on sites located abroad. Infosys' profitability remains questionable till matters relating to the migration policy become clear.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Applied Optoelectronics, Inc. AAOI has an outstanding positive average earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. It boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Broadcom Limited AVGO has an average earnings surprise of 6.7%, beating estimates all through, over the trailing four quarters. It currently sports a Zacks Rank #1.
Adobe Systems Incorporated ADBE holds a Zacks Rank #2 (Buy) and generated an average earnings surprise of 8.1% over the trailing four quarters, with beats each time.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Infosys Limited (INFY): Free Stock Analysis Report
Adobe Systems Incorporated (ADBE): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI has an outstanding positive average earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Click to get this free report Infosys Limited (INFY): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Heightening fears involving H-1B visa program, conflict within the top brass, rumors of a stake sale by founders and bad press have been doing the rounds, maligning the reputation of the company.
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Click to get this free report Infosys Limited (INFY): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI has an outstanding positive average earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Infosys Finacle, the banking platform of Infosys Limited 's INFY subsidiary, EdgeVerve Systems, recently announced that it has entered into a partnership with Singapore-based fintech firm, Active.AI, to upgrade banking services.
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Click to get this free report Infosys Limited (INFY): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI has an outstanding positive average earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Infosys Finacle, the banking platform of Infosys Limited 's INFY subsidiary, EdgeVerve Systems, recently announced that it has entered into a partnership with Singapore-based fintech firm, Active.AI, to upgrade banking services.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI has an outstanding positive average earnings surprise of 118.3% for the trailing four quarters, beating estimates all through. Click to get this free report Infosys Limited (INFY): Free Stock Analysis Report Adobe Systems Incorporated (ADBE): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Infosys Finacle, the banking platform of Infosys Limited 's INFY subsidiary, EdgeVerve Systems, recently announced that it has entered into a partnership with Singapore-based fintech firm, Active.AI, to upgrade banking services.
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c16b0577-c59e-48fc-811c-afbb214acdb8
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9942.0
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2017-07-05 00:00:00 UTC
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Fortinet Wins Deal to Provide WiFi Connectivity in Mumbai
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AAOI
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https://www.nasdaq.com/articles/fortinet-wins-deal-to-provide-wifi-connectivity-in-mumbai-2017-07-05
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nan
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nan
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Global network security solution provider, Fortinet Inc.FTNT , recently grabbed a major deal in one of the world's fastest growing economy, India. Per the company, it has been selected by the Maharashtra Information Technology Corporation (MITC) to provide wireless internet access to Mumbai citizens.
As part of the deal, Fortinet will provide WiFi connectivity in 500 hotspots across the city of Mumbai and its nearby locations. The MITC also intends to use this WiFi network for smart transportation and smart parking "by providing real-time updates on the routes and available capacity of various modes of public transport in the city", in the near future.
Initially, over 20.5 million people in the city will benefit from this project. Notably, the WiFi Project is part of the Maharashtra state government's digital empowerment program, which is aimed at becoming the country's first digital state.
Mumbai is the commercial capital of India and its largest city. This deal is crucial for Fortinet's India expansion plans as the country is taking giant steps to realize Prime Minister Narendra Modi's Digital India vision. The BJP-led government intends to digitalize all government programs and provide internet access to every citizen.
Notably, Mumbai - which generates approximately 5% of the nations' total GDP - is the wealthiest city in the South, West and Central Asia. Therefore, we believe that if Fortinet's internet and security services remain satisfactory, other states as well as neighbouring countries may also prefer the company for these kinds of services, giving it an upper hand over other enterprise wireless providers.
However, these kinds of services attract lots of cyber threats. It should be noted that the financial well being, brand image and reputation of enterprises, and governments are always exposed to cyber threats. Consequently, cyber security has become a mission-critical, high-profile requirement.
Being the global leader in providing high-performance cybersecurity solutions, Fortinet has the capabilities to protect internet users from any kind of cyber threats. The company's network security solutions include firewall, VPN, application control, antivirus, intrusion prevention, web filtering, anti-spam, and WAN acceleration.
The new deal win will bring in additional revenues for Fortinet and grab the opportunity generated by the ongoing massive digital transformation in India.
Notably, Fortinet has outperformed the Zacks categorized Security industry in the year-to-date period. The stock has returned 23.3% in the said period, while the industry gained 17.2%.
A few better-ranked stocks in the broader technology sector are Broadcom Ltd. AVGO , Applied Optoelectronics AAOI and Micron Technology MU . While Broadcom sports a Zacks Rank #1 (Strong Buy), Applied Optoelectronics and Micron carry a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
Broadcom, Applied Optoelectronics and Micron have expected long-term EPS growth rates of 13.6%, 18.8% and 10%, respectively.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Fortinet, Inc. (FTNT): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A few better-ranked stocks in the broader technology sector are Broadcom Ltd. AVGO , Applied Optoelectronics AAOI and Micron Technology MU . Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Global network security solution provider, Fortinet Inc.FTNT , recently grabbed a major deal in one of the world's fastest growing economy, India.
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A few better-ranked stocks in the broader technology sector are Broadcom Ltd. AVGO , Applied Optoelectronics AAOI and Micron Technology MU . Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Global network security solution provider, Fortinet Inc.FTNT , recently grabbed a major deal in one of the world's fastest growing economy, India.
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Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. A few better-ranked stocks in the broader technology sector are Broadcom Ltd. AVGO , Applied Optoelectronics AAOI and Micron Technology MU . Therefore, we believe that if Fortinet's internet and security services remain satisfactory, other states as well as neighbouring countries may also prefer the company for these kinds of services, giving it an upper hand over other enterprise wireless providers.
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A few better-ranked stocks in the broader technology sector are Broadcom Ltd. AVGO , Applied Optoelectronics AAOI and Micron Technology MU . Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Global network security solution provider, Fortinet Inc.FTNT , recently grabbed a major deal in one of the world's fastest growing economy, India.
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e7286253-c247-4b1c-9690-4fcacc561ecd
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9943.0
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2017-07-04 00:00:00 UTC
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Applied Optoelectronics Inc.: Time to Move On?
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-inc-time-move-2017-07-04
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nan
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nan
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Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared 460% higher in the last 52 weeks. That's more than a fivefold gain, driven by a four-quarter streak of strong revenue and earnings surprises.
Will the fiber-optic component-maker's fortunes keep skyrocketing, or is it time for investors to take these huge wins off the table and invest elsewhere? Let's find out.
Fundamental business strength
The stock is not soaring on dreams and rainbows alone. Trailing sales stood at $307 million in the recently reported first quarter , 46% above the same metric's reading a year earlier. Meanwhile, GAAP earnings rose from $11 million to $52 million. Free cash flows stopped at $17 million, but the year-ago result was a $60 million trailing cash burn:
AAOI data by YCharts.
Management is putting the company's newfound cash-crunching powers to good use, too. Applied Optoelectronics has paid down its long-term debt balance from $67 million to $24 million in the last two quarters. The return on equity ratio surged from 8% in 2015 to 24% on a trailing basis today, while the company's return on invested capital rose from 12% to 19%.
There's substance behind Applied Optoelectronics' soaring share prices. The company is literally earning its keep.
Valuation
A sudden 400% share-price surge often pushes that stock into nosebleed-inducing territory. But because the price surge was matched by fantastic boosts to the company's bottom-line profits, Applied Optoelectronics doesn't look particularly expensive right now.
You can pick up shares at just 11.5 times forward earnings, or 21 times trailing profits. The price-to-free-cash-flow ratio does look kind of crazy, but that should change quickly if Applied Optoelectronics' rosy cash-flow trend continues.
How long can this story last?
Analyst firm BWS Financial is unimpressed by Applied Optoelectronics' fundamental business and expects the good times to stop rolling in short order. The firm believes that data centers with 40-gigabit fiber-optic interconnects should move on to newer 100G components soon enough, which "could lead to a series of disappointments for AAOI shareholders."
On the other hand, the company is part of the 100G upgrade cycle, too. Sixty-two percent of its data-center sales came from 40G products in the first quarter, but 30% of that division's revenues already rest on 100G parts.
On that note, analyst firms Needham and Cowen agree that the market is underestimating the manufacturing prowess of Applied Optoelectronics today. Management set some optimistic volume goals earlier this year -- and is delivering on those promises today.
The company collected 55% of its sales last year from Amazon.com (NASDAQ: AMZN) as the e-commerce giant needs a lot of fiber-optic equipment to keep its Amazon Web Services and other data centers running at top speed. That commitment changes the discussion about Applied Optoelectronics into a pretty pure manufacturing analysis. The orders are coming, and it's up to the company to deliver.
Therefore, I assign more value to the optimistic manufacturing analysis than to the pessimistic missing-the-boat speculation. Applied Optoelectronics seems poised to keep the financial improvements coming, and stock prices should continue to follow suit.
Long story short: No, I don't think it's time to move on from owning Applied Optoelectronics today. Not at all.
10 stocks we like better than Applied Optoelectronics
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of June 5, 2017
Anders Bylund owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The firm believes that data centers with 40-gigabit fiber-optic interconnects should move on to newer 100G components soon enough, which "could lead to a series of disappointments for AAOI shareholders." Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared 460% higher in the last 52 weeks. Free cash flows stopped at $17 million, but the year-ago result was a $60 million trailing cash burn: AAOI data by YCharts.
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Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared 460% higher in the last 52 weeks. Free cash flows stopped at $17 million, but the year-ago result was a $60 million trailing cash burn: AAOI data by YCharts. The firm believes that data centers with 40-gigabit fiber-optic interconnects should move on to newer 100G components soon enough, which "could lead to a series of disappointments for AAOI shareholders."
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Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared 460% higher in the last 52 weeks. Free cash flows stopped at $17 million, but the year-ago result was a $60 million trailing cash burn: AAOI data by YCharts. The firm believes that data centers with 40-gigabit fiber-optic interconnects should move on to newer 100G components soon enough, which "could lead to a series of disappointments for AAOI shareholders."
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Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared 460% higher in the last 52 weeks. Free cash flows stopped at $17 million, but the year-ago result was a $60 million trailing cash burn: AAOI data by YCharts. The firm believes that data centers with 40-gigabit fiber-optic interconnects should move on to newer 100G components soon enough, which "could lead to a series of disappointments for AAOI shareholders."
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fc0bbbf8-7b1b-4ba8-a3a7-a4f74be0e2b1
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9944.0
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2017-07-03 00:00:00 UTC
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How Applied Optoelectronics Rose 164% So Far in 2017
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AAOI
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https://www.nasdaq.com/articles/how-applied-optoelectronics-rose-164-so-far-2017-2017-07-03
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nan
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nan
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What happened
Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 163.6% in the first half of 2017, according to data from S&P Global Market Intelligence .
So what
The maker of optoelectronic components won its market gains by repeatedly reporting quarterly results way ahead of analyst expectations -- and the company's own projections. In fact, management pre-announced rosy fourth-quarter results in January, then crushed that slate of preliminary figures in February.
Now what
The fiber-optic networking market is turning a corner in 2017, as telecoms around the world prepare to install next-generation 5G wireless networks. The much larger demands 5G networks will place on their back-end connections are forcing the telecoms to upgrade both their internet backbone connections and in-house data center networks, and fiber-optics offer the fastest and most cost-effective network solutions.
On top of that sectorwide macro trend, Applied Optoelectronics collects roughly half of its revenues from e-commerce and cloud computing giant Amazon.com (NASDAQ: AMZN) . Amazon's business is booming, and its cloud-computing data centers have become essential to its profit generation. That's another solid growth driver for Applied Optoelectronics and its high-speed data center interconnects.
10 stocks we like better than Applied Optoelectronics
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of June 5, 2017
Anders Bylund owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 163.6% in the first half of 2017, according to data from S&P Global Market Intelligence . So what The maker of optoelectronic components won its market gains by repeatedly reporting quarterly results way ahead of analyst expectations -- and the company's own projections. On top of that sectorwide macro trend, Applied Optoelectronics collects roughly half of its revenues from e-commerce and cloud computing giant Amazon.com (NASDAQ: AMZN) .
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What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 163.6% in the first half of 2017, according to data from S&P Global Market Intelligence . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 163.6% in the first half of 2017, according to data from S&P Global Market Intelligence . The much larger demands 5G networks will place on their back-end connections are forcing the telecoms to upgrade both their internet backbone connections and in-house data center networks, and fiber-optics offer the fastest and most cost-effective network solutions. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
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What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 163.6% in the first half of 2017, according to data from S&P Global Market Intelligence . After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market. That's right -- they think these 10 stocks are even better buys.
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c9a7e769-26f9-4e0e-8ed9-cc2fe565b2e6
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9945.0
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2017-07-03 00:00:00 UTC
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Stratasys (SSYS) Builds 3D Printing Partnership With Ricoh
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AAOI
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https://www.nasdaq.com/articles/stratasys-ssys-builds-3d-printing-partnership-with-ricoh-2017-07-03
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nan
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nan
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In a move to further strengthen its presence in New Zealand, Stratasys Asia Pacific, a subsidiary of Stratasys Ltd.SSYS , has entered into a partnership with Ricoh New Zealand Ltd. (Ricoh New Zealand), a subsidiary of Ricoh Company, Ltd. Japan. The collaboration will cater to the demand for 3D printing solutions in the region. Financial terms of the deal remain undisclosed.
Ricoh will be representing the entire Stratasys product line, in addition to the existing MakerBot line. The collaborations with Ricoh for the adoption of 3D printing solutions are likely to reap synergistic benefits going forward. Partnering Ricoh will be a positive for Stratasys.
Ricoh New Zealand' experience in offering office imaging, production printing, IT services and document solutions will perfectly complement the robust manufacturing expertise of Stratasys' 3D printing domain, helping the latter in innovative additive manufacturing initiatives. Therefore, it will help Stratasys gain competitive advantage over players like 3D Systems Corp. ( DDD ).
We believe that the collaboration will expand and enhance Stratasys' additive manufacturing (AM) or 3D Printing Platform. Also, this association will enable Stratasys to attract new clients and strengthen its overall market position.
According to Shiry Saar, ANZ Manager for Stratasys "We are confident that this partnership will help us to better understand the local information technology and industrial automation landscape in New Zealand, thereby helping more companies optimize production capabilities and expand business opportunities."
We believe that the collaboration will expand and enhance Stratasys' additive manufacturing (AM) or 3D Printing Platform. Also, this association will enable Stratasys to attract new clients and strengthen its overall market position.
According to Shiry Saar, ANZ Manager for Stratasys, "We are confident that this partnership will help us to better understand the local information technology and industrial automation landscape in New Zealand, thereby helping more companies optimize production capabilities and expand business opportunities."
Growth Prospects
The 3D printing market presents a favorable long-term investment opportunity, as a large number of engineers, designers, architects and entrepreneurs are resorting to 3D solutions for their primary designing and product modeling.
According to a recent survey by Lux Research, the 3D printed parts space will be an $8.4 billionglobal marketby 2025, led by automotive, medical and aerospace applications. Additionally, with lower costs of 3D printing as compared with traditional manufacturing, industries are increasingly adopting the technology in their manufacturing plants.
Data from the Wohlers Report 2014 revealed that the worldwide 3D printing industry is projected to grow from $3.07 billion in 2013 to $12.8 billion by 2018, and exceed $21 billion by 2020 at a CAGR of 34%.
As the industry leader in 3D printing, this is encouraging for Stratasys, as it should take every opportunity to grab a large share of this market. Notably, the company has entered into strategic partnerships in other spaces as well, including the auto industry with Ford Motor Co. F and energy space with Schneider Electric, to grab the growing opportunity in the 3D Printing industry.
Remarkably, Stratasys has outperformed the Zacks categorized Computer-Peripheral Equipment industry in the year-to-date (YTD) period. The stock has returned approximately 40.9% YTD, outperforming the industry's gain of 27.1%.
Bottom Line
We believe that the recent deal with Ricohis is a strategic move by Stratasys to expand its geographic reach and drive market penetration.
The partnership spells opportunities for Stratasys' 3D printing business and will strengthen its base. We believe that the company's portfolio of new and innovative products will help it in the long run to generate incremental sales.
Stratasys has a Zacks Rank #3 (Hold). A better-ranked stock worth considering in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics has a long-term expected EPS growth rate of 20%.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Stratasys, Ltd. (SSYS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock worth considering in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report 3D Systems Corporation (DDD): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. Bottom Line We believe that the recent deal with Ricohis is a strategic move by Stratasys to expand its geographic reach and drive market penetration.
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Click to get this free report 3D Systems Corporation (DDD): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock worth considering in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). According to Shiry Saar, ANZ Manager for Stratasys "We are confident that this partnership will help us to better understand the local information technology and industrial automation landscape in New Zealand, thereby helping more companies optimize production capabilities and expand business opportunities."
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Click to get this free report 3D Systems Corporation (DDD): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock worth considering in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). In a move to further strengthen its presence in New Zealand, Stratasys Asia Pacific, a subsidiary of Stratasys Ltd.SSYS , has entered into a partnership with Ricoh New Zealand Ltd. (Ricoh New Zealand), a subsidiary of Ricoh Company, Ltd. Japan.
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A better-ranked stock worth considering in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report 3D Systems Corporation (DDD): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. The stock has returned approximately 40.9% YTD, outperforming the industry's gain of 27.1%.
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f6a670d3-123e-4340-aa50-ffeb283cf558
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9946.0
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2017-07-03 00:00:00 UTC
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7 Reasons to Add Micron (MU) Stock to Your Portfolio Now
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AAOI
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https://www.nasdaq.com/articles/7-reasons-to-add-micron-mu-stock-to-your-portfolio-now-2017-07-03
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nan
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nan
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Shares of Micron Technology Inc.MU , one of the leading worldwide providers of semiconductor memory solutions, have been performing well of late.
If you haven't taken advantage of the share price appreciation yet, its time you add the stock to your portfolio as it looks promising and is poised to carry the momentum ahead. This Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 10% and VGM Style Score of "A".
Estimates Northbound
Estimates for Micron have moved up in the last 30 days, reflecting the optimistic outlook of analysts. The earnings estimates for fiscal 2017 and 2018 have gone up in the last 30 days.
For fiscal 2017, the Zacks Consensus Estimate for earnings has gone up 2.9% in the last 30 days and is pegged at $3.78. The Zacks Consensus Estimate for fiscal 2018 also moved north by 3 cents (0.6%) to $4.98 during the same time frame.
Positive Earnings Surprise History
Micron outpaced the Zacks Consensus Estimate in three of the trailing four quarters, generating an encouraging positive average earnings surprise of 17.2%.
Ahead of the Industry
Micron has outperformed the Zacks Electronic-Semiconductor industry in the last one year. Share price of Micron rose 138.9% compared with the industry's gain of just 41.2%.
Upbeat Q3
Micron reported strong third-quarter fiscal 2017 adjusted earnings per share (excluding the impact of one-time items but including stock-based compensation expense) of $1.40 per share, beating the Zacks Consensus Estimate of $1.37 per share.
On a Non-GAAP basis, the company reported earnings of $1.62 per share compared with a loss of 3 cents reported in the year-ago quarter.
Micron's revenues in the quarter increased 92.1% on a year-over-year basis to $5.566 billion and surpassed the Zacks Consensus Estimate of $5.370 billion. The year-over-year increase was primarily due to strong DRAM pricing environment and favorable product mix. Also, reported revenues increased on a quarter-over-quarter basis (up 20%), primarily due to pricing improvement in the DRAM and NAND sales volume.
Raised Guidance
For the fourth quarter of fiscal 2017, Micron expects revenues in the range of $5.7-$6.1 billion. The Zacks Consensus Estimate is pegged at $5.55 billion. The company expects earnings per share in the range of $1.73-$1.87 per share. The Zacks Consensus Estimate is pegged at $1.80 per share.
Micron expects favorable supply and demand dynamics to continue in 2017.
Valuation
On the valuation front too, the stock looks attractive. The company currently trades at a forward P/E multiple of 7.9x, significantly lower than the Zacks categorized Electronics-Semiconductor industry's average of 14.7x. The ratio, which is obtained by dividing a stock's current market price with its historical or estimated earnings, measures how much an investor needs to shell out per dollar of earnings. Therefore, the lower the P/E of a stock, the better for a value investor.
Growth Drivers
Micron is anticipated to benefit from strong demand for NAND flash memory chips, which are used in smartphones and tablets. Driven by new tablet products and greater adoption of solid state drive (SSD), total demand in the NAND flash memory industry could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term.
Additionally, we are positive about the company's strategy of enhancing capabilities through acquisitions which are likely to boost its top-line performance. The acquisition of Inotera in Dec 2016 is estimated to be accretive to Micron's DRAM gross margin, earnings per share and free cash flow. According to the company, the acquisition will also have some operational benefits, leading to efficient management of investment levels and cadence followed by alignment with global manufacturing operations.
Looking at the improving selling prices for DRAM and strategic initiatives toward expanding in the SSD market, we feel Micron is a technology stock that deserves a place in investors' portfolio.
Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. AAOI , Applied Materials, Inc. AMAT and Broadcom Limited AVGO , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics, Applied Materials and Broadcom have a long-term EPS growth rate of 20%, 16.6% and 13.6%, respectively.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. AAOI , Applied Materials, Inc. AMAT and Broadcom Limited AVGO , each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Driven by new tablet products and greater adoption of solid state drive (SSD), total demand in the NAND flash memory industry could surpass manufacturing capacity, leading to a periodic shortage and higher pricing in the near term.
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Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. AAOI , Applied Materials, Inc. AMAT and Broadcom Limited AVGO , each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. This Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 10% and VGM Style Score of "A".
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. AAOI , Applied Materials, Inc. AMAT and Broadcom Limited AVGO , each sporting a Zacks Rank #1 (Strong Buy). Positive Earnings Surprise History Micron outpaced the Zacks Consensus Estimate in three of the trailing four quarters, generating an encouraging positive average earnings surprise of 17.2%.
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Other top-ranked stocks in the broader technology include Applied Optoelectronics, Inc. AAOI , Applied Materials, Inc. AMAT and Broadcom Limited AVGO , each sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The earnings estimates for fiscal 2017 and 2018 have gone up in the last 30 days.
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1bab470d-34b8-4255-a70f-cf8a93e2575a
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9947.0
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2017-06-30 00:00:00 UTC
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Philips Continues Acquisition Spree, Buys CardioProlific
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AAOI
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https://www.nasdaq.com/articles/philips-continues-acquisition-spree-buys-cardioprolific-2017-06-30
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nan
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nan
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Koninklijke Philips N.V.PHG has been exceptionally active in the acquisition space, of late. After announcing the acquisition of Spectranetics Corporation SPNC earlier this week, the health technology behemoth has now acquired CardioProlific Inc. as it seeks to fortify its image-guided therapy devices portfolio.
Philips has morphed from a lighting company into a healthcare technology provider over the last couple of years, and it is leveraging bolt-on acquisitions to expand its footprint in the space. The CardioProlific buyout marks the company's sixth acquisition this year. The company earlier announced deals to acquire Spectranetics Corporation, Electrical Geodesics, Respiratory Technologies, Respiratory Technologies, Inc. and Australian Pharmacy Sleep Services.
The company's Diagnosis & Treatment revenues have been encouraging in recent times, and these accretive acquisitions should lend solid momentum to the unit's growth in the quarter to come. Also, Philips' transformation from a hardware-oriented to a software-driven business, which is a higher-margin, recurring-revenue model, sits well with the investors.
This is reflected in the company's stock movement in the recent past. Shares of the company have gained 16.9% in the last six months, outperforming the Zacks categorized Electronics Products-Miscellaneous industry's average gain of 11.3%.
The most recent acquisition, CardioProlific, is developing catheter-based thrombectomy approaches for the treatment of peripheral vascular disease. Hence, its technologies complement the portfolios of Philips' portfolio of image-guided therapy devices, as well as Spectranetrics. CardioProlific's differentiated thrombectomy technologies will serve to strengthen Philips' pipeline of catheter-based therapy devices.
Philips' recent buyouts will fortify its foothold in the image-guided therapy market, which is valued at over €6 billion. The company presently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
With four back-to-back beats, Applied Materials has an average positive surprise of 3.4% for the trailing four quarters.
Applied Optoelectronics has a whopping average earnings surprise of 118.3% for the trailing four quarters, with three back-to-back beats.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Koninklijke Philips N.V. (PHG): Free Stock Analysis Report
The Spectranetics Corporation (SPNC): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. After announcing the acquisition of Spectranetics Corporation SPNC earlier this week, the health technology behemoth has now acquired CardioProlific Inc. as it seeks to fortify its image-guided therapy devices portfolio.
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Stocks to Consider Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The company earlier announced deals to acquire Spectranetics Corporation, Electrical Geodesics, Respiratory Technologies, Respiratory Technologies, Inc. and Australian Pharmacy Sleep Services.
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Stocks to Consider Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. After announcing the acquisition of Spectranetics Corporation SPNC earlier this week, the health technology behemoth has now acquired CardioProlific Inc. as it seeks to fortify its image-guided therapy devices portfolio.
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Stocks to Consider Some better-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. After announcing the acquisition of Spectranetics Corporation SPNC earlier this week, the health technology behemoth has now acquired CardioProlific Inc. as it seeks to fortify its image-guided therapy devices portfolio.
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75d5f6f1-ec54-467f-96e0-9d741d4649ed
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9948.0
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2017-06-30 00:00:00 UTC
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Equinix (EQIX) Expands in Europe with 6th IBX in Frankfurt
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AAOI
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https://www.nasdaq.com/articles/equinix-eqix-expands-in-europe-with-6th-ibx-in-frankfurt-2017-06-30
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nan
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nan
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Global data center service provider, Equinix Inc.EQIX , announced that it has opened the sixth International Business Exchange (IBX) data center - FR6 - in Frankfurt, Germany. The new center will enable the company to meet growing demand for data center services in the region.
Notably, the sixth data center is located at Equinix's Campus Kleyer. In the first phase, the company has invested $92 million and added 1,325 cabinets, covering an area of 72,000 gross square feet. This enables the company to proceed aggressively with its plan of developing data centers across different geographies.
Per Equinix, with over 300 networks and carriers from more than 70 countries, Frankfurt is the most interconnected hub in the entire Europe, making the Campus Kleyer facility the most network-rich location for the company. Therefore, expanding its facility in the city will attract more enterprises to opt for Equinix's data center services, thereby boosting its revenues.
The recent expansion plan is in sync with the company's $1 billion investment plan announced in Apr 2017. According to the plan, Equinix has declared to unveil five IBX data centers in Sao Paulo, Frankfurt, Amsterdam, Silicon Valley and Washington D.C., this year. Apart from this, the company intends to make expansion at 14 of its existing data centers.
Expansion in important markets and consolidation of facilities in existing ones have been an important part of Equinix's core strategy. The company consistently strives to boost its revenue base as well as profitability, by offering upgraded technology to clients. Moreover, the recurring revenue model has provided the much-needed support to the company's revenue stream over the years. The company's cloud and IT service businesses are its fastest growing segments, and account for roughly one fourth of the total revenue.
Further, Equinix remains positive on the growing demand for data centers. To meet the rising demand for cloud services, this global interconnection and data center company is expanding its IBX data centers globally, and gaining popularity among tech companies looking for data management. Thus, the company projects its total addressable market for retail data centers to increase at a CAGR of 8% from 2013 to 2017, and reach $24.0 billion. Based on this, Equinix projects revenue growth rate of 10% through 2017.
Thus, we believe that by expanding its data center assets, Equinix will be in a better position to capitalize on this opportunity. Furthermore, this expansion will help the company to fortify its global footprint and bring in additional revenues.
Shares of Equinix have been steadily trading higher on a year-to-date basis. The stock generated a return of approximately 17.9%, while the Zacks REIT-Equity Trust industry incurred a loss of 5.3% during the same time frame.
Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . Applied Optoelectronics and Broadcom, both sport a Zacks Rank #1 (Strong Buy), while FormFactor carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics, Broadcom and FormFactor have expected long-term earnings per share growth rates of 20%, 13.6% and 16%, respectively.
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Equinix, Inc. (EQIX): Free Stock Analysis Report
FormFactor, Inc. (FORM): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Per Equinix, with over 300 networks and carriers from more than 70 countries, Frankfurt is the most interconnected hub in the entire Europe, making the Campus Kleyer facility the most network-rich location for the company.
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Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . Global data center service provider, Equinix Inc.EQIX , announced that it has opened the sixth International Business Exchange (IBX) data center - FR6 - in Frankfurt, Germany.
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Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . Global data center service provider, Equinix Inc.EQIX , announced that it has opened the sixth International Business Exchange (IBX) data center - FR6 - in Frankfurt, Germany.
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . Click to get this free report Equinix, Inc. (EQIX): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Apart from this, the company intends to make expansion at 14 of its existing data centers.
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16052c75-c9c7-40d4-9b65-8c1080654afe
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9949.0
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2017-06-30 00:00:00 UTC
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Micron (MU) Tops Q3 Earnings & Revenues, Guidance Upbeat
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AAOI
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https://www.nasdaq.com/articles/micron-mu-tops-q3-earnings-revenues-guidance-upbeat-2017-06-30
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nan
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nan
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Micron Technology Inc.MU reported strong third-quarter fiscal 2017 adjusted earnings per share (excluding the impact of one-time items but including stock-based compensation expense) of $1.40 per share, which beat the Zacks Consensus Estimate of $1.37 per share.
On a Non-GAAP basis, the company reported earnings of $1.62 per share compared with a loss of 3 cents reported in the year-ago quarter.
Notably, Micron has outperformed the Zacks categorized Electronic-Semiconductor industry over the past one year. Share price of Micron rose 151.8%, compared with the industry's gain of just 44.9%.
Quarter Details
Micron's revenues in the quarter increased 92.1% on a year-over-year basis to $5.566 billion and surpassed the Zacks Consensus Estimate of $5.370 billion. The year-over-year increase was primarily due to strong DRAM pricing environment and favorable product mix. Also, reported revenues increased on a quarter-over-quarter basis (up 20%), mainly due to pricing improvement in the DRAM and NAND sales volume.
DRAM products accounted for 64% of total revenue during the quarter. DRAM revenues increased 20% on a sequential basis. On the other hand, NAND products accounted for 31% of total revenues. Notably, NAND sales volume increased around 21% quarter over quarter.
Storage Business Unit (SBU) revenues came in at $1.3 billion, up 26% sequentially. The increase was primarily buoyed by strong unit growth of SSDs and a favorable pricing environment.
Revenues from the Mobile Business Unit (MBU) increased 4% sequentially to $1.1 billion. The increase was primarily driven by stronger pricing environment.
The computing and networking business (CNBU) saw a 25% sequential increase in revenues to $2.4 billion. The increase was led by higher bit shipments, better-than-expected growth in segments like enterprise, graphics and high-performance memory coupled with pricing improvement.
Revenues from the embedded business came in at $700 million, up 19% from the last quarter, mainly due to strong bit demand and increased average selling prices of DRAM coupled with strength in the automotive and consumer segments.
Micron's gross profit was up 423.9% on a year-over-year basis to $2.609 billion. Gross margin was 46.9%, compared with 17.2% a year ago due to a strong pricing environment, increased DRAM ASPs and favourable product mix.
Selling, general and administrative (SG&A) expenses increased 37.8% year over year to $204 million. Research and development (R&D) expenses were $434 million, up 13.6% on a year-over-year basis. Operating expenses, as a percentage of revenues, decreased 651 basis points on a year-over-year basis to 11.6%.
Micron reported operating income of $1.963 billion against an operating loss of $27 million in the year-ago quarter. The results were driven by strong pricing environment and cost-reduction initiatives.
On a GAAP basis, the company reported net income of $1.647 billion. In the year-ago quarter, the company incurred net loss of $215 million. On a non-GAAP basis Micron reported net income of $1.896 billion compared with a loss of $29 million reported in the year-ago quarter.
The company exited fiscal third quarter with cash and short-term investments of $4.330 billion compared with $3.898 billion in the previous quarter. Receivables were $3.497 billion compared with $2.891 billion in the previous quarter. Micron's long-term debt decreased to $10.485 billion from $11.308 billion in the prior quarter.
During the quarter, the company generated cash worth $2.4 billion. Capital expenditure was $1.3 billion in the third quarter of fiscal 2017. Free cash flow during the quarter came in at $1.1 billion.
Guidance
For the fourth quarter of fiscal 2017, Micron expects revenues in the range of $5.7-$6.1 billion. The Zacks Consensus Estimate is pegged at $5.53 billion. The company expects earnings per share in the range of $1.73-$1.87 per share. The Zacks Consensus Estimate is pegged at $1.37 per share.
Management expects gross margin in the range of 47-51% in fiscal fourth-quarter 2017. Operating expenses are expected to fall within $575-$625 million and operating income is likely to be in the range of $2.1-$2.4 billion.
Going forward, Micron expects favorable supply and demand dynamics to continue in 2017.
Our Take
Micron reported better-than-expected third-quarter fiscal 2017 results. The top and bottom line increased on a year-over-year basis, primarily due to pricing improvement in DRAM and NAND sales volume. The fourth quarter guidance was also encouraging.
Micron offers both DRAM and NAND products. While DRAM chips are key components in PCs, NAND flash chips are crucial for portable electronic devices.
We believe that the improving prices for DRAM and NAND chips make investors confident about Micron's growth. Per various sources, the prices for these specific chips have improved primarily due to a better product mix optimization and higher-than-expected demand for PCs, servers and mobiles.
M&A space is actively expanding its core business in key regions. Most recently, the company acquired the remainder of a stake in Inotera in December and made the brand a wholly owned subsidiary in Taiwan.
Going forward, the acquisitions of Elpida and Rexchip (now known as Micron Memory Japan, Inc. and Micron Memory Taiwan Co., Ltd., respectively) will increase Micron's traction in the memory market.
It is worth mentioning that the acquisition of Inotera in Dec 2016 will have some operational benefits, leading to efficient management of investment levels and cadence, followed by alignment with global manufacturing operations.
Micron is positive about the product launches and growing demand, particularly that of SSD products. We also believe that any increase in prices will have a favorable impact on the company's overall results. We anticipate these benefits to be a tailwind for the company, going forward.
However, after acquiring SanDisk, Western Digital WDC has become a key player in the NAND space, which could increase competition in the industry.
Currently, Micron has a Zacks Rank #2 (Buy). Some other stocks worth considering in the technology sector are Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both of which carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Applied Optoelectronics and Applied Materials have a long term-expected EPS growth rate of 20% and 16.58%, respectively.
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Western Digital Corporation (WDC): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some other stocks worth considering in the technology sector are Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both of which carry a Zacks Rank #1 (Strong Buy). Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues from the embedded business came in at $700 million, up 19% from the last quarter, mainly due to strong bit demand and increased average selling prices of DRAM coupled with strength in the automotive and consumer segments.
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Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks worth considering in the technology sector are Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both of which carry a Zacks Rank #1 (Strong Buy). The year-over-year increase was primarily due to strong DRAM pricing environment and favorable product mix.
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Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Some other stocks worth considering in the technology sector are Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both of which carry a Zacks Rank #1 (Strong Buy). Quarter Details Micron's revenues in the quarter increased 92.1% on a year-over-year basis to $5.566 billion and surpassed the Zacks Consensus Estimate of $5.370 billion.
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Some other stocks worth considering in the technology sector are Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both of which carry a Zacks Rank #1 (Strong Buy). Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Quarter Details Micron's revenues in the quarter increased 92.1% on a year-over-year basis to $5.566 billion and surpassed the Zacks Consensus Estimate of $5.370 billion.
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aa837637-7422-4c5b-84d5-682282487774
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9950.0
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2017-06-30 00:00:00 UTC
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Technology Sector Update for 06/30/2017: SABR,AAOI,EXFO
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AAOI
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https://www.nasdaq.com/articles/technology-sector-update-06302017-sabraaoiexfo-2017-06-30
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nan
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nan
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Top Tech Stocks
MSFT +0.98%
AAPL +0.52%
IBM +0.05%
CSCO -0.11%
GOOG -0.79%
Technology stocks enjoyed some late bargain shopping Friday afternoon, with shares of tech companies in the S&P 500 reversing a slim decline to finish with a 0.3% advance.
In company news, Sabre Corp ( SABR ) turned lower this afternoon, giving back an early-morning advance after today naming Joe DiFonzo as its chief information officer, effective July 10.
In what apparently is a newly created position at the software and technology services provider for the travel industry, DiFonzo joins Sabre after eight years as CIO and chief technology officer at Syniverse, a global provider of communication and information services for network operators.
He also spent roughly two decades at Convergys/Cincinnati Bell Information Systems, leading architecture and product development teams, among other assignments for the telecommunications firm.
In other sector news,
(+) AAOI, DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target.
(-) EXFO, Surprise Q3 net loss of $0.08 per share trails analyst mean expecting $0.04 per share profit. Revenue falls 3.8% to $58.5 mln, also lagging the $61.61 mln consensus. Sees Q4 net loss of $0.00 to $0.04 per share on $58 mln to $63 mln in revenue. Street is expecting EPS of $0.08 on $66.62 mln in revenue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In other sector news, (+) AAOI, DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target. Technology stocks enjoyed some late bargain shopping Friday afternoon, with shares of tech companies in the S&P 500 reversing a slim decline to finish with a 0.3% advance. He also spent roughly two decades at Convergys/Cincinnati Bell Information Systems, leading architecture and product development teams, among other assignments for the telecommunications firm.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news, (+) AAOI, DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target. (-) EXFO, Surprise Q3 net loss of $0.08 per share trails analyst mean expecting $0.04 per share profit.
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In other sector news, (+) AAOI, DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target. In company news, Sabre Corp ( SABR ) turned lower this afternoon, giving back an early-morning advance after today naming Joe DiFonzo as its chief information officer, effective July 10. In what apparently is a newly created position at the software and technology services provider for the travel industry, DiFonzo joins Sabre after eight years as CIO and chief technology officer at Syniverse, a global provider of communication and information services for network operators.
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In other sector news, (+) AAOI, DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target. Technology stocks enjoyed some late bargain shopping Friday afternoon, with shares of tech companies in the S&P 500 reversing a slim decline to finish with a 0.3% advance. In company news, Sabre Corp ( SABR ) turned lower this afternoon, giving back an early-morning advance after today naming Joe DiFonzo as its chief information officer, effective July 10.
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a72da75f-e99a-4799-838f-acda26f69e62
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9951.0
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2017-06-30 00:00:00 UTC
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Technology Sector Update for 06/30/2017: SMTC,AAOI,EXFO
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AAOI
|
https://www.nasdaq.com/articles/technology-sector-update-06302017-smtcaaoiexfo-2017-06-30
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nan
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nan
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Top Tech Stocks
MSFT +0.47%
AAPL +0.17%
IBM +0.15%
CSCO -0.03%
GOOG -0.69%
Technology stocks were slightly lower, with shares of tech companies in the S&P 500 dropping just more than 0.1%.
In company news, Semtech Corp ( SMTC ) was narrowly lower this afternoon, swinging between gains and losses several times in choppy Friday trade after the analog and mixed-signal chipmaker last night said it was buying AptoVision, a privately held producer of networking components, for up to $75 million in cash.
Under terms of the proposed transaction, Semtech will pay $28 million for the target company's outstanding assets at closing, expected before the end of its current quarter on July 31. The deal also includes up to $47 million in additional payments as AptoVision reaches certain financial milestones.
Semtech is expecting the acquisition will have little effect on its per-share earnings during the current fiscal year but adding to its net income starting during FY19.
In other sector news,
(+) AAOI, (+4.6%) DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target.
(-) EXFO, (-9.0%) Surprise Q3 net loss of $0.08 per share trails analyst mean expecting $0.04 per share profit. Revenue falls 3.8% to $58.5 mln, also lagging the $61.61 mln consensus. Sees Q4 net loss of $0.00 to $0.04 per share on $58 mln to $63 mln in revenue. Street is expecting EPS of $0.08 on $66.62 mln in revenue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In other sector news, (+) AAOI, (+4.6%) DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target. In company news, Semtech Corp ( SMTC ) was narrowly lower this afternoon, swinging between gains and losses several times in choppy Friday trade after the analog and mixed-signal chipmaker last night said it was buying AptoVision, a privately held producer of networking components, for up to $75 million in cash. Under terms of the proposed transaction, Semtech will pay $28 million for the target company's outstanding assets at closing, expected before the end of its current quarter on July 31.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In other sector news, (+) AAOI, (+4.6%) DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target. (-) EXFO, (-9.0%) Surprise Q3 net loss of $0.08 per share trails analyst mean expecting $0.04 per share profit.
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In other sector news, (+) AAOI, (+4.6%) DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target. In company news, Semtech Corp ( SMTC ) was narrowly lower this afternoon, swinging between gains and losses several times in choppy Friday trade after the analog and mixed-signal chipmaker last night said it was buying AptoVision, a privately held producer of networking components, for up to $75 million in cash. (-) EXFO, (-9.0%) Surprise Q3 net loss of $0.08 per share trails analyst mean expecting $0.04 per share profit.
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In other sector news, (+) AAOI, (+4.6%) DA Davidson initiates analyst coverage with a Buy investment recommendation and a $95 price target. Technology stocks were slightly lower, with shares of tech companies in the S&P 500 dropping just more than 0.1%. In company news, Semtech Corp ( SMTC ) was narrowly lower this afternoon, swinging between gains and losses several times in choppy Friday trade after the analog and mixed-signal chipmaker last night said it was buying AptoVision, a privately held producer of networking components, for up to $75 million in cash.
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d69b56e5-28bd-4c9d-99ab-a9c588eea77d
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9952.0
|
2017-06-28 00:00:00 UTC
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Philips to Buy Spectranetics, Eyes Image Business Growth
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AAOI
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https://www.nasdaq.com/articles/philips-to-buy-spectranetics-eyes-image-business-growth-2017-06-28
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nan
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nan
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Maintaining its buyout spree, Koninklijke Philips N.V.PHG recently announced a definitive merger agreement to take over U.S.-based medical devices maker, Spectranetics Corporation SPNC , for €1.9 billion ($2.16 billion). Philips believes that this acquisition will boost its stronghold in the image-guided therapy market, which is valued at over €6 billion.
Over the past two years, Philips has successfully morphed into a healthcare technology provider. To expand its presence in the domain, the company is increasingly turning to bolt-on acquisitions. The recent buyout marks the company's fourth acquisition in the calendar year. The others include deals to buy Australian Pharmacy Sleep Services, Respiratory Technologies and Electrical Geodesics.
A Premium Price Offer
The Spectranetics acquisition, which has already got the nod from the board, is expected to close by the end of third-quarter 2017. Amsterdam-based Philips has offered to pay $38.50 per share for the deal, which represents a 26.6% premium on Spectranetics' closing share price on Tuesday. The transaction, which is to be paid in cash upon completion, includes Spectranetics' cash and debt.
Following the merger agreement, the transaction is subject to fulfillment of customary closing conditions, including certain regulatory clearances. Philips plans to finance the acquisition through a combination of cash on hand and the issuance of debt.
Spectranetics' Growth Prospects
Spectranetics is considered to be a premium provider of vascular intervention and lead management solutions. The company is currently witnessing solid prospects in its end markets. It is growing double digits and expects 2017 sales to lie in the band of $293-$306 million. Post the completion of the transaction, more than 900 of the company's employees will be absorbed in Philips' Image-Guided Therapy Business.
Drug-coated balloons procedure is one of the fastest growing ones in peripheral vascular diagnostics, and Spectranetics enjoys a dominant position in this space. As a matter of fact, the company's Stellarex drug-coated balloon has acted as one of its major profit churners in recent times and has already earned a CE-mark. It is currently inching toward premarket approval in the U.S., after it clears the review process from FDA.
Boosting the Image-Guided Therapy Business
Shares of Philips have returned 21.4% in the last six months, outperforming the Zacks categorized Electronic-Miscellaneous Products industry's average gain of 13.4%. The Zacks Rank #2 (Buy) company's Healthcare Informatics Solutions & Services margins have been improving constantly. It is transforming from a hardware-oriented to a software-driven business, which is a higher margin model with a stream of recurring revenues.
Philips expects Spectranetics' stellar projected revenue growth to prove accretive to its top line, adjusted earnings and EBITDA margin by 2018. Further, Spectranetics is expected to unlock further synergies for Philips' recurring revenue stream. Leveraging on the synergistic therapy device portfolio, Philips has plans to roll out multiple innovative products going forward. This is likely to fortify Philips' Image-Guided Therapy business and help it expand into therapy devices.
Moreover, Philips believes that based on the combined strength of their portfolios, therapy devices sales can reach the €1 billion mark by 2020. The Image-Guided Therapy Business, which had garnered sales of €1.9 billion in 2016, is expected to act as one of the major catalysts for the company in the days ahead. Philips has set a target of high single-digit sales growth and high-teens adjusted EBITA margin for this business in the medium-term.
Encouragingly, the consensus analyst community is favoring the stock. The Zacks Consensus Estimate for full-year 2017 earnings has edged up from $1.56 to $1.57, supported by one upward estimate revision versus zero downward.
Other Stocks to Consider
Other top-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Both stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
With four back-to-back beats, Applied Materials has an average positive surprise of 3.4% for the trailing four quarters.
Applied Optoelectronics has a whopping average earnings surprise of 118.3% for the trailing four quarters, with three back-to-back beats.
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Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Koninklijke Philips N.V. (PHG): Free Stock Analysis Report
The Spectranetics Corporation (SPNC): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Other top-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. As a matter of fact, the company's Stellarex drug-coated balloon has acted as one of its major profit churners in recent times and has already earned a CE-mark.
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Other Stocks to Consider Other top-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Rank #2 (Buy) company's Healthcare Informatics Solutions & Services margins have been improving constantly.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Other top-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Maintaining its buyout spree, Koninklijke Philips N.V.PHG recently announced a definitive merger agreement to take over U.S.-based medical devices maker, Spectranetics Corporation SPNC , for €1.9 billion ($2.16 billion).
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Other Stocks to Consider Other top-ranked stocks in the broader sector include Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Koninklijke Philips N.V. (PHG): Free Stock Analysis Report The Spectranetics Corporation (SPNC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Boosting the Image-Guided Therapy Business Shares of Philips have returned 21.4% in the last six months, outperforming the Zacks categorized Electronic-Miscellaneous Products industry's average gain of 13.4%.
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613d2b91-5284-40ca-bb1b-30799702f8a3
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9953.0
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2017-06-28 00:00:00 UTC
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Unisys ClearPath Software Selected by Malaysia's ANGKASA
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AAOI
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https://www.nasdaq.com/articles/unisys-clearpath-software-selected-by-malaysias-angkasa-2017-06-28
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Information technology firm, Unisys CorporationUIS was recently selected by Angkatan Koperasi Kebangsaan Malaysia (ANGKASA) to provide its ClearPath Forward software technology. It will enable ANGKASA to deliver and expand its payment services.
As a leading company in Malaysia, ANGKASA offers salary deduction services for salaried employees, credit co-operatives, financial institutions and other business organizations. Using Unisys's ClearPath Forward software, the company will be able to deliver fast, efficient salary-deduction and payment services. This would help it live up to customers' expectations.
Per the contract, Unisys will help ANGKASA create new development and disaster recovery environments, and replace manual backup processes with automated data replication between the sites to reduce recovery time significantly. Unisys will enable ANGKASA retain and expand its member base and provide best-in-class user experience for their customers.
Unisys will also offer AB Suite and Data Exchange along with Enterprise Output Manager and ePortal to develop new channels for serving customers through the web and mobile devices and deliver continuous availability for the salary-deduction service. These solutions will offer high level of security.
According to a survey conducted by Zion Market Research, the global cyber security market valued at $105.45 billion in 2015, is expected to reach $181.77 billion in 2021 and is anticipated to witness a CAGR of 9.5% between 2016 and 2021. Based on this report we can conclude that Unisys can expect a boost in its revenues in the upcoming years.
On Mar 29, 2017, the company extended its service contract with Coopercitrus - a Brazilian agriculture cooperative - for an undisclosed amount. The contract extension entails Coopercitrus to use Unisys' ClearPath Forward technology and IT services for organic growth.
Successive contract wins are likely to translate into incremental revenues for Unisys. This Zacks Rank #3 (Hold) stock has witnessed an average gain of 9.1% compared with 0.1% rally for the Zacks categorized Computers - IT Services industry in the last one month.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Applied Optoelectronics, Inc. AAOI pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Agilent Technologies, Inc. A delivered a positive average earnings surprise of 11.68% for the trailing four quarters and currently carries a Zacks Rank #2 (Buy).
Axcelis Technologies, Inc. ACLS also holds a Zacks Rank #2. It pulled off an average positive earnings surprise of 135.78%, over the past four quarters.
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And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report
Unisys Corporation (UIS): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Agilent Technologies, Inc. (A): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Unisys Corporation (UIS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Unisys will enable ANGKASA retain and expand its member base and provide best-in-class user experience for their customers.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Unisys Corporation (UIS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Information technology firm, Unisys CorporationUIS was recently selected by Angkatan Koperasi Kebangsaan Malaysia (ANGKASA) to provide its ClearPath Forward software technology.
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Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Unisys Corporation (UIS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. Information technology firm, Unisys CorporationUIS was recently selected by Angkatan Koperasi Kebangsaan Malaysia (ANGKASA) to provide its ClearPath Forward software technology.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Unisys Corporation (UIS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Using Unisys's ClearPath Forward software, the company will be able to deliver fast, efficient salary-deduction and payment services.
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cd051d75-c7e8-405a-8337-3406b422ae87
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9954.0
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2017-06-27 00:00:00 UTC
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Microchip (MCHP) Upgraded to Strong Buy on Revised Guidance
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AAOI
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https://www.nasdaq.com/articles/microchip-mchp-upgraded-to-strong-buy-on-revised-guidance-2017-06-27
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On Jun 23, Microchip Technology IncorporatedMCHP was upgraded to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
The Zacks Consensus Estimate for the stock moved higher in the last 30 days after the company revised its net sales and earnings guidance range for the first quarter of fiscal 2018 on Jun 5. The revised guidance depicts an improvement from the earlier projection at the mid-point.
The company now expects net sales for the quarter to witness year-over-year growth in the range of 4.5% to 6% (mid-point 5.25%). The previous expected growth rate was 2%-7% (mid-point 4.5%). The revised guidance is higher at the mid-point.
Similarly, GAAP and non-GAAP earnings per share are now anticipated to be in the range of 62-64 cents and $1.22-$1.26, respectively. Earlier, the company had expected GAAP earnings to come in the band of 59 cents to 64 cents while non-GAAP earnings were expected between $1.17 and $1.27.
Microchip revealed that its performance has been better than expected in the first two months of the June quarter. This led it to revise the first quarter revenue and earnings outlook.
The Zacks Consensus Estimate for fiscal 2018 has increased 0.9% to $4.62 over the last 30 days. For fiscal 2019, the consensus estimate is currently pegged at $4.97, up 2.3% over the same time frame.
We also note that shares of the company have outperformed the S&P 500 on a year-to-date basis. While the index gained 10.5%, the stock returned 26.4%.
Growth Catalysts
Microchip is one of the better-positioned companies in the semiconductor industry based on its product strength. Microchip is evidently benefiting from the addition of Atmel's product portfolio, which it acquired in Apr 2016.
Going ahead, we believe the launch of new products like eXtreme Low Power (XLP) PIC32MM microcontroller, PIC32MX1/2 XLP, PIC32MZ DA microcontroller (MCU) family and the PIC16F19197 family (low power MCUs) will add to its customer base. The newly added Wi-Fi Software Development Kit (SDK) with Apple HomeKit support further expands the product portfolio.
Moreover, the company's market penetration is quite high, evident from its net sales growth of 58.8% year on year in fiscal fourth-quarter 2017. Notably, the frequent launch of new products and updates to its existing portfolio provides Microchip a competitive edge.
Microchip Technology Incorporated Revenue (TTM)
Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote
Key Picks
Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT and Arista Networks, Inc. ANET , all three sporting a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
The long-term earnings growth rates for Applied Optoelectronics, Applied Materials and Arista Networks are projected to be 20%, 16.6% and 20.4%, respectively.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arista Networks, Inc. (ANET): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Microchip Technology Incorporated (MCHP): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Microchip Technology Incorporated Revenue (TTM) Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote Key Picks Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT and Arista Networks, Inc. ANET , all three sporting a Zacks Rank #1. Click to get this free report Arista Networks, Inc. (ANET): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the stock moved higher in the last 30 days after the company revised its net sales and earnings guidance range for the first quarter of fiscal 2018 on Jun 5.
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Microchip Technology Incorporated Revenue (TTM) Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote Key Picks Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT and Arista Networks, Inc. ANET , all three sporting a Zacks Rank #1. Click to get this free report Arista Networks, Inc. (ANET): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the stock moved higher in the last 30 days after the company revised its net sales and earnings guidance range for the first quarter of fiscal 2018 on Jun 5.
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Microchip Technology Incorporated Revenue (TTM) Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote Key Picks Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT and Arista Networks, Inc. ANET , all three sporting a Zacks Rank #1. Click to get this free report Arista Networks, Inc. (ANET): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the stock moved higher in the last 30 days after the company revised its net sales and earnings guidance range for the first quarter of fiscal 2018 on Jun 5.
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Microchip Technology Incorporated Revenue (TTM) Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote Key Picks Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT and Arista Networks, Inc. ANET , all three sporting a Zacks Rank #1. Click to get this free report Arista Networks, Inc. (ANET): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the stock moved higher in the last 30 days after the company revised its net sales and earnings guidance range for the first quarter of fiscal 2018 on Jun 5.
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6ce6aaa6-1ec1-4174-86fe-af7682f46b38
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9955.0
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2017-06-27 00:00:00 UTC
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Applied Optoelectronics, Finisar, Western Digital, Apple and Broadcom highlighted as Zacks Bull and Bear of the Day
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AAOI
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https://www.nasdaq.com/articles/applied-optoelectronics-finisar-western-digital-apple-and-broadcom-highlighted-as-zacks
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For Immediate Release
Chicago, IL - June 27, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Finisar (NASDAQ: FNSR - Free Report ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Western Digital (NASDAQ: WDC - Free Report ), Apple (NASDAQ: AAPL - Free Report ) and Broadcom (NASDAQ: AVGO - Free Report ).
Here is a synopsis of all five stocks:
Bull of the Day :
Applied Optoelectronics (NASDAQ: AAOI - Free Report ) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were.
Alphabet , Amazon , Facebook and Microsoft are the top builders of cloud-based data centers in what is sometimes called Web 2.0, as massive amounts of dynamic, high-bandwidth content -- especially the kind involving user-generated video and parallel processing for virtual reality and AI functions -- will require lots of advanced, high-speed optical equipment.
And three of these top four architects of Web 2.0 (all but Alphabet) are reportedly "AOI" customers. (The company uses the initials AOI to represent Applied Optoelectronics Inc. and I will frequently use that convention in this article.)
Based on sales projections to these web giants, analysts quickly raised their estimates for the top and bottom lines of AOI this year, keeping shares a Zacks #1 Strong Buy.
The Math of AOI Optimism
In late April and early May, analysts from Raymond James reviewed Q1 reports from AOI and its mega customers and found the spending trends to be very positive, despite AOI's over-dependence on AMZN alone for nearly 50% of sales.
The analysts estimated that cloud capex is expected to grow 14% year over year in 2017 to $39.1 billion. The big 4 were estimated to have spent a combined $7.4 billion on capex in the March quarter, a 20% year-over-year increase.
And Amazon was the leader, with a capex of $1.86 billion, vs consensus for $1.5 billion, while the other 3 were weaker than expectations.
Since Amazon Web Systems (AWS) growth is considered a good proxy for gauging optical equipment demand, the Raymond James analysts saw clear runway for over 70% top line growth this year for AOI to $445 million, and over 20% growth next year to $543 million.
They consequently raised their price target on AAOI shares to a Street high $100.
And they were joined by other investment bank analysts raising earnings estimates. In the past 60 days, the full-year 2017 Zacks EPS consensus moved 15% higher from $3.76 to $4.34.
But 2018 profit projections surged nearly 24% to $5.01 from $4.05.
A Fly in the Champagne?
Since that spring optimism, the month of June has been much more humbling to AOI, as concerns about demand from China hit optical stocks.
And more importantly, there is a notable "bear" case on AOI as short-interest on the stock rose to nearly 50% at the end of May.
Granted, much of the short interest could be from aggressive traders who want to fade the company's 200% moonshot this year.
But some hedge funds are focused on the fact that AOI may be getting temporarily luck filling orders in one passing generation of optical gear at the expense of the next generation market opportunity.
Here was how I summed up the situation for my TAZR Trader members recently, where we own the stock...
AAOI is recording stunning sales growth in a segment of the market that other players have left behind, namely 40 Gigabit Ethernet fiber optic switching equipment. The competition is preparing for the 100G era. The bears claim that management is misrepresenting the current good times with superstar customers AMZN, MSFT, and FB, because in a quarter or two, (1) commodity pricing will resume in this area and (2) big data center customers will be transitioning more toward 100G, where AAOI cannot compete with other fiber players, including possible moves by Intel. There is also skepticism about terrific margins in such a competitive space.
But since the emergence of this bear case, no major investment bank analysts have given us any reason to pay attention to it.
Cowen & Co. analysts put out a note last week and reiterated their Outperform rating and $94 price target after AOI issued a press release about production goals being exceeded.
After the company's June 19 announcement that it expects to achieve its goal of manufacturing 1 million lasers by end of 2017, analyst Paul Silverstein believes this reinforces his AAOI investment thesis and he continues to see meaningful upside to both AAOI's operating model and shares driven by positive leverage to Web 2.0 data center buildouts.
New Competition Surfaces
AAOI shares were down 6.5% on Monday after research hit the street that Fabrinet (FN) was ramping a 100G product for Amazon using MACOM (MTSI) design and components.
Needham & Company analyst, Alex Henderson, reiterated his Strong Buy rating on shares of Applied Optoelectronics acknowledging the increasing competition but still expecting quarterly beats and raises from AOI.
Henderson noted that he had expected and modeled for competition when he started coverage of AOI in May with an $85 price target. Here's what he said then, courtesy of StreetInsider...
"We see substantial upside to AOI's revenue forecasts, gross margin estimates, and valuation. We think AOI will materially exceed Street estimates in CY17 as the industry rolls through the steep ramp phase of the Data Comm upgrade to 25G/100G. We think the timidity of the Street estimates provides significant upside to the stock. Moreover, we de-risked our CY18 forecast by modeling in pricing pressure as demand and supply come into balance and price declines squeeze out marginal players. AOI looks like the market share leader and lower cost supplier. We expect very strong demand growth over the next several years as the Web 2.0 Big Data, Social Media and IaaS companies drive efficiencies through their current and new scaled-out Data Center footprints."
The outlook for AOI is still strong, but investors are nervous about competition. A couple of weeks from now we should have more visibility on the second half. AOI doesnt reportQ2 earnings until early August, but if the quarter was strong, we can expect the company to preannounce in July like they did in April.
Disclosure: I own AAOI shares for the Zacks TAZR Trader.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market.
See these critical buys and sells free >>
Bear of the Day :
Finisar (NASDAQ: FNSR - Free Report ) delivered weaker than expected results and guidance on June 15, while also reporting record revenues of $1.449 billion for their fiscal year 2017 ended April 30.
Finisar CEO Jerry Rawls was quoted in the company report...
"Despite continued robust demand in our fourth fiscal quarter for our 100G QSFP28 transceivers for datacenter applications, which grew over 30% over the third quarter, our overall revenues were $357.5 million, a decrease of $23.1 million, or 6.1%, compared to the third quarter. This decline was primarily the result of a decline in telecom revenues due to lower revenues from our Chinese OEM customers and the impact of the full three months of the annual telecom price erosion."
The China Factor
The "China inventory correction" theme took a toll on several optical equipment companies since then, while FNSR shares instead gapped 8% higher on June 16 and continue to hold near those levels just below $28.
But analysts still had to lower earnings estimates based on the company's lowered guidance, even if they still remained generally positive.
The current fiscal year 2018, which began in May, saw the Zacks consensus EPS forecast drop from $2.01 to $1.71. This is the primary reason the stock has fallen into the cellar of the Zacks Rank.
William Blair analyst Dmitry Netis commented on the current quarter revenue expectation being guided about $26 million below consensus by the company, and EPS 11-cents lower, as he reiterated his Outperform rating on Finisar shares. Here were his some of his comments, courtesy of StreetInsider...
"Overall, the results were not far from what was expected, with management using the current reset as an opportunity to clear the decks on fiscal 2018. Management commentary for the fiscal second quarter (October), postulating resumption of growth, was more optimistic, helped by lower overhang from China (at a low-teens percentage of revenue versus 20% historically) and due to continued strength of 100G QSFP28 transceivers and VCSEL arrays for 3-D sensing."
The 30-cents that analysts took out of this year's consensus saw Q2 (October) take a the next biggest hit. Here's how the quarterly estimates settled out...
July Quarter: EPS from $0.45 to $0.31
October Quarter: EPS from $0.51 to $0.43
Jefferies analyst James Kisner reiterated his Buy rating on Finisar, and his price target of $34, citing that the earnings miss was widely expected and embedded in the share price already.
Kisner believes the bigger issue to impact the share price will be expectations around the company's shipment of 3D sensing components in the October quarter. He noted that tens of millions of units delivered could surprise investors with greater potential upside.
Bottom line: So far, investors are treating Finisar's latest report as fully expected. But until the earnings estimates start going back up, it may be best to sit tight until the optics are brighter here.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market.
See these critical buys and sells free >>
Additional Content
Toshiba Favors Bain Consortium Bid, Foxconn Still Interested
Toshiba Corp 's flash memory chip business continues to garner attention from prospective suitors. Recently, Taiwan-based electronics manufacturer Foxconn reiterated its interest in the chip unit, which the Japanese conglomerate jointly runs with Western Digital (NASDAQ: WDC - Free Report ).
Foxconn: Not a Preferred Contender
Foxconn had never been a serious contender due to its significant presence in China. Although the company claims support from the likes of Apple (NASDAQ: AAPL - Free Report ) and Dell, we believe that it's highly unlikely that Toshiba will reconsider the proposal. This is primarily due to the opposition from the Japan government, which now wants to keep the technology within its domestic boundary.
Nevertheless, the renewed interest from Foxconn shows the importance of the flash memory technology, which is now preferred over legacy hard-drive storage systems due to speed and reliability. Notably, Toshiba is the second-largest NAND flash memory maker.
Toshiba recently stated that it is now favoring a consortium led by Bain Capital and supported by the Japan Government instead of the U.S. chip-maker Broadcom (NASDAQ: AVGO - Free Report ).
We note that Bain Capital's reported bid of 2.1 trillion yen (approximately $19 billion) was slightly lower than Broadcom's a 2.2 trillion offer (almost $20 billion). However, both were higher than the company's valuation of 2 trillion yen.
Transaction Faces Legal Hurdles
Toshiba expects to make a final decision by Jun 28. The company is in a hurry to close the transaction as it is in dire need of funds to remain as a listed entity.
Currently, the company has a negative shareholder's equity after it posted a massive loss of 950 billion yen (almost $8.6 billion) in the fiscal year ended March. Most of the loss can primarily be attributed to write-downs related to its now-bankrupt Westinghouse nuclear business.
However, the divestiture process faces significant hurdles due to objections from Western Digital, Toshiba's joint venture (JV) partner. The company is seeking arbitration and recently sued the Japanese conglomerate in a California court. Per Reuters, Western Digital expects to get a ruling over its injunction appeal by mid-July.
Reportedly, the Bain led consortium has asked Toshiba to resolve the dispute with Western Digital, before it invests in the business. Per Reuters, this could prompt Toshiba to postpone the voting process.
We believe that a negotiation offer from Toshiba will benefit Western Digital. The company has already heaved a sigh of relief following Broadcom's backing out of the deal after the law-suits. A negotiation that can eventually lead to a stake in the lucrative chip-unit will strengthen Western Digital's competitive position in the NAND flash memory market.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Finisar Corporation (FNSR): Free Stock Analysis Report
Western Digital Corporation (WDC): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here was how I summed up the situation for my TAZR Trader members recently, where we own the stock... AAOI is recording stunning sales growth in a segment of the market that other players have left behind, namely 40 Gigabit Ethernet fiber optic switching equipment. For Immediate Release Chicago, IL - June 27, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Finisar (NASDAQ: FNSR - Free Report ) as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day : Applied Optoelectronics (NASDAQ: AAOI - Free Report ) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Finisar Corporation (FNSR): Free Stock Analysis Report Western Digital Corporation (WDC): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - June 27, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Finisar (NASDAQ: FNSR - Free Report ) as the Bear of the Day. Here is a synopsis of all five stocks: Bull of the Day : Applied Optoelectronics (NASDAQ: AAOI - Free Report ) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were.
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Get the full Report on AAOI - FREE Get the full Report on FNSR - FREE Get the full Report on WDC - FREE Get the full Report on AAPL - FREE Get the full Report on AVGO - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Finisar Corporation (FNSR): Free Stock Analysis Report Western Digital Corporation (WDC): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - June 27, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Finisar (NASDAQ: FNSR - Free Report ) as the Bear of the Day.
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Here is a synopsis of all five stocks: Bull of the Day : Applied Optoelectronics (NASDAQ: AAOI - Free Report ) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were. They consequently raised their price target on AAOI shares to a Street high $100. For Immediate Release Chicago, IL - June 27, 2017 - Zacks Equity ResearchApplied Optoelectronics (NASDAQ: AAOI - Free Report ) as the Bull of the Day, Finisar (NASDAQ: FNSR - Free Report ) as the Bear of the Day.
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3f84ee8f-2ec5-4973-b9e3-d2ea445e3b52
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9956.0
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2017-06-27 00:00:00 UTC
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Western Digital Updates Q4 View to Reflect Better Execution
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AAOI
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https://www.nasdaq.com/articles/western-digital-updates-q4-view-to-reflect-better-execution-2017-06-27
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nan
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nan
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The world's leading hard-disk drive (HDDs) manufacturer, Western Digital CorporationWDC , recently revised its fourth-quarter fiscal 2017 outlook and reiterated its non-GAAP earnings prediction for calendar year 2017.
Western Digital updated its fiscal fourth-quarter outlook to reflect better-than-expected demand for its storage products (flash-based storage devices) and a favorable performance. The company is expected to report its fourth-quarter 2017 results on July 27.
The company maintained its fourth-quarter revenues to be approximately $4.8 billion, unchanged from the previous guidance. The Zacks Consensus Estimate for the quarter stands at $4.8 billion.
Also, Western Digital forecasts non-GAAP earnings to be approximately $2.85 per share, higher than the prior projection of $2.55 to $2.65. The Zacks Consensus Estimate is currently pegged at $2.36 per share.
The company projected non-GAAP gross margin of approximately 41%, whic is higher than the previous projection of 40% and backed by consistent favorable pricing and product mix across the company's businesses.
The company also reiterated its previous non-GAAP EPS of approximately $12 for the calendar year 2017.
The upbeat earnings outlook for the fiscal fourth quarter boosted investor confidence to a large extent.
We note that Western Digital's shares have outperformed the Zacks categorized Computer Storage Devices industry in the past one-year. While shares gained 101.3%, the industry advanced 84.8% in the same period.
To Conclude
Western Digital reported better-than-expected third-quarter fiscal 2017 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Also, revenues increased on a year-over-year basis.
The company witnessed strong demand for hard drive and NAND-based products from all categories of customers, largely driven by cloud and mobility based applications, as well as strong PC demand in the reported quarter.
Western Digital continues to benefit from ongoing shift toward non-PC applications, secular growth of digital data and growing exposure to the small and medium business space.
Additionally, higher demand for storage is expected to lead to a positive earnings surprise in the ongoing quarter. Moreover, we are encouraged by the company's launch of a string of storage devices under the mobile and cloud segment.
Further, the company's entry into the wireless devices market comes at a time when storage services related to smartphones and tablets are witnessing large-scale adoption. These factors are anticipated to be growth catalysts, going forward. Moreover, the SanDisk acquisition not only expands Western Digital's offerings in the SSD segment, but also provides a competitive edge against peers such as Seagate Technology STX .
Western Digital currently carries a Zacks Rank #1 (Strong Buy). See the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics AAOI and Applied Materials, Inc. AMAT sporting the same Zacks Rank are some other stocks worth watching in the broader sector.
Applied Optoelectronics and Applied Materials have a long-tern expected EPS growth rate of 20% and 16.58%, respectively.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Western Digital Corporation (WDC): Free Stock Analysis Report
Seagate Technology PLC (STX): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics AAOI and Applied Materials, Inc. AMAT sporting the same Zacks Rank are some other stocks worth watching in the broader sector. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Seagate Technology PLC (STX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The world's leading hard-disk drive (HDDs) manufacturer, Western Digital CorporationWDC , recently revised its fourth-quarter fiscal 2017 outlook and reiterated its non-GAAP earnings prediction for calendar year 2017.
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Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Seagate Technology PLC (STX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI and Applied Materials, Inc. AMAT sporting the same Zacks Rank are some other stocks worth watching in the broader sector. Western Digital updated its fiscal fourth-quarter outlook to reflect better-than-expected demand for its storage products (flash-based storage devices) and a favorable performance.
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Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Seagate Technology PLC (STX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI and Applied Materials, Inc. AMAT sporting the same Zacks Rank are some other stocks worth watching in the broader sector. Western Digital updated its fiscal fourth-quarter outlook to reflect better-than-expected demand for its storage products (flash-based storage devices) and a favorable performance.
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Applied Optoelectronics AAOI and Applied Materials, Inc. AMAT sporting the same Zacks Rank are some other stocks worth watching in the broader sector. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Seagate Technology PLC (STX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Western Digital updated its fiscal fourth-quarter outlook to reflect better-than-expected demand for its storage products (flash-based storage devices) and a favorable performance.
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e09554c8-123e-4d0a-b43b-04b56ad1d1f2
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9957.0
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2017-06-27 00:00:00 UTC
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Bull of the Day: Applied Optoelectronics (AAOI)
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AAOI
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https://www.nasdaq.com/articles/bull-day-applied-optoelectronics-aaoi-2017-06-27
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nan
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nan
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Applied Optoelectronics (AAOI) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were.
Alphabet (GOOGL), Amazon (AMZN), Facebook (FB), and Microsoft (MSFT) are the top builders of cloud-based data centers in what is sometimes called Web 2.0, as massive amounts of dynamic, high-bandwidth content -- especially the kind involving user-generated video and parallel processing for virtual reality and AI functions -- will require lots of advanced, high-speed optical equipment.
And three of these top four architects of Web 2.0 (all but Alphabet) are reportedly "AOI" customers. (The company uses the initials AOI to represent Applied Optoelectronics Inc. and I will frequently use that convention in this article.)
Based on sales projections to these web giants, analysts quickly raised their estimates for the top and bottom lines of AOI this year, keeping shares a Zacks #1 Strong Buy.
The Math of AOI Optimism
In late April and early May, analysts from Raymond James reviewed Q1 reports from AOI and its mega customers and found the spending trends to be very positive, despite AOI's over-dependence on AMZN alone for nearly 50% of sales.
The analysts estimated that cloud capex is expected to grow 14% year over year in 2017 to $39.1 billion. The big 4 were estimated to have spent a combined $7.4 billion on capex in the March quarter, a 20% year-over-year increase.
And Amazon was the leader, with a capex of $1.86 billion, vs consensus for $1.5 billion, while the other 3 were weaker than expectations.
Since Amazon Web Systems (AWS) growth is considered a good proxy for gauging optical equipment demand, the Raymond James analysts saw clear runway for over 70% top line growth this year for AOI to $445 million, and over 20% growth next year to $543 million.
They consequently raised their price target on AAOI shares to a Street high $100.
And they were joined by other investment bank analysts raising earnings estimates. In the past 60 days, the full-year 2017 Zacks EPS consensus moved 15% higher from $3.76 to $4.34.
But 2018 profit projections surged nearly 24% to $5.01 from $4.05.
A Fly in the Champagne?
Since that spring optimism, the month of June has been much more humbling to AOI, as concerns about demand from China hit optical stocks.
And more importantly, there is a notable "bear" case on AOI as short-interest on the stock rose to nearly 50% at the end of May.
Granted, much of the short interest could be from aggressive traders who want to fade the company's 200% moonshot this year.
But some hedge funds are focused on the fact that AOI may be getting temporarily luck filling orders in one passing generation of optical gear at the expense of the next generation market opportunity.
Here was how I summed up the situation for my TAZR Trader members recently, where we own the stock...
AAOI is recording stunning sales growth in a segment of the market that other players have left behind, namely 40 Gigabit Ethernet fiber optic switching equipment. The competition is preparing for the 100G era. The bears claim that management is misrepresenting the current good times with superstar customers AMZN, MSFT, and FB, because in a quarter or two, (1) commodity pricing will resume in this area and (2) big data center customers will be transitioning more toward 100G, where AAOI cannot compete with other fiber players, including possible moves by Intel. There is also skepticism about terrific margins in such a competitive space.
But since the emergence of this bear case, no major investment bank analysts have given us any reason to pay attention to it.
Cowen & Co. analysts put out a note last week and reiterated their Outperform rating and $94 price target after AOI issued a press release about production goals being exceeded.
After the company's June 19 announcement that it expects to achieve its goal of manufacturing 1 million lasers by end of 2017, analyst Paul Silverstein believes this reinforces his AAOI investment thesis and he continues to see meaningful upside to both AAOI's operating model and shares driven by positive leverage to Web 2.0 data center buildouts.
New Competition Surfaces
AAOI shares were down 6.5% on Monday after research hit the street that Fabrinet (FN) was ramping a 100G product for Amazon using MACOM (MTSI) design and components.
Needham & Company analyst, Alex Henderson, reiterated his Strong Buy rating on shares of Applied Optoelectronics acknowledging the increasing competition but still expecting quarterly beats and raises from AOI.
Henderson noted that he had expected and modeled for competition when he started coverage of AOI in May with an $85 price target. Here's what he said then, courtesy of StreetInsider...
"We see substantial upside to AOI's revenue forecasts, gross margin estimates, and valuation. We think AOI will materially exceed Street estimates in CY17 as the industry rolls through the steep ramp phase of the Data Comm upgrade to 25G/100G. We think the timidity of the Street estimates provides significant upside to the stock. Moreover, we de-risked our CY18 forecast by modeling in pricing pressure as demand and supply come into balance and price declines squeeze out marginal players. AOI looks like the market share leader and lower cost supplier. We expect very strong demand growth over the next several years as the Web 2.0 Big Data, Social Media and IaaS companies drive efficiencies through their current and new scaled-out Data Center footprints."
The outlook for AOI is still strong, but investors are nervous about competition. A couple of weeks from now we should have more visibility on the second half. AOI doesnt reportQ2 earnings until early August, but if the quarter was strong, we can expect the company to preannounce in July like they did in April.
Disclosure: I own AAOI shares for the Zacks TAZR Trader.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market.
See these critical buys and sells free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Facebook, Inc. (FB): Free Stock Analysis Report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here was how I summed up the situation for my TAZR Trader members recently, where we own the stock... AAOI is recording stunning sales growth in a segment of the market that other players have left behind, namely 40 Gigabit Ethernet fiber optic switching equipment. Applied Optoelectronics (AAOI) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were. They consequently raised their price target on AAOI shares to a Street high $100.
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Applied Optoelectronics (AAOI) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. They consequently raised their price target on AAOI shares to a Street high $100.
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Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics (AAOI) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were. They consequently raised their price target on AAOI shares to a Street high $100.
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Applied Optoelectronics (AAOI) is a $1.25 billion fiber optics component and system supplier that saw a terrific 200% rally in its shares this year after big sales growth and a broader awareness of who their big customers were. They consequently raised their price target on AAOI shares to a Street high $100. Here was how I summed up the situation for my TAZR Trader members recently, where we own the stock... AAOI is recording stunning sales growth in a segment of the market that other players have left behind, namely 40 Gigabit Ethernet fiber optic switching equipment.
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76096ef5-77f1-4a8b-b423-234396835c90
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9958.0
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2017-06-26 00:00:00 UTC
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Monday Sector Laggards: Sporting Goods & Activities, Semiconductors
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AAOI
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https://www.nasdaq.com/articles/monday-sector-laggards-sporting-goods-activities-semiconductors-2017-06-26
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nan
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nan
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In trading on Monday, sporting goods & activities shares were relative laggards, down on the day by about 0.6%. Helping drag down the group were shares of 500.com ( WBAI ), down about 7.1% and shares of Seaworld Entertainment ( SEAS ) off about 4.1% on the day.
Also lagging the market Monday are semiconductors shares, down on the day by about 0.5% as a group, led down by Applied Optoelectronics ( AAOI ), trading lower by about 7% and Qorvo ( QRVO ), trading lower by about 5.2%.
VIDEO: Monday Sector Laggards: Sporting Goods & Activities, Semiconductors
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Monday are semiconductors shares, down on the day by about 0.5% as a group, led down by Applied Optoelectronics ( AAOI ), trading lower by about 7% and Qorvo ( QRVO ), trading lower by about 5.2%. In trading on Monday, sporting goods & activities shares were relative laggards, down on the day by about 0.6%. VIDEO: Monday Sector Laggards: Sporting Goods & Activities, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Monday are semiconductors shares, down on the day by about 0.5% as a group, led down by Applied Optoelectronics ( AAOI ), trading lower by about 7% and Qorvo ( QRVO ), trading lower by about 5.2%. In trading on Monday, sporting goods & activities shares were relative laggards, down on the day by about 0.6%. VIDEO: Monday Sector Laggards: Sporting Goods & Activities, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Monday are semiconductors shares, down on the day by about 0.5% as a group, led down by Applied Optoelectronics ( AAOI ), trading lower by about 7% and Qorvo ( QRVO ), trading lower by about 5.2%. VIDEO: Monday Sector Laggards: Sporting Goods & Activities, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Also lagging the market Monday are semiconductors shares, down on the day by about 0.5% as a group, led down by Applied Optoelectronics ( AAOI ), trading lower by about 7% and Qorvo ( QRVO ), trading lower by about 5.2%. In trading on Monday, sporting goods & activities shares were relative laggards, down on the day by about 0.6%. Helping drag down the group were shares of 500.com ( WBAI ), down about 7.1% and shares of Seaworld Entertainment ( SEAS ) off about 4.1% on the day.
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5cf196d5-0247-437f-b8e6-678f12bd2fe9
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9959.0
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2017-06-23 00:00:00 UTC
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Expedia (EXPE) Hits 52-Week High on Impressive '17 Guidance
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AAOI
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https://www.nasdaq.com/articles/expedia-expe-hits-52-week-high-on-impressive-17-guidance-2017-06-23
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nan
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nan
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Share price of Expedia Inc.EXPE rallied to a new 52-week high of $152.83, eventually closing a tad bit lower at $152.00 on Jun 22.
Currently, the company has a Zacks Rank #3 (Hold). Notably, the stock has a market cap of $22.94 billion.
Key Factors
The rally in the stock can be attributed to Expedia's positive guidance and improving loss figure. Management expects EBITDA growth rate including the ramp-up in cloud spending for full-year 2017 to be in the range of 10% to 15%. Excluding cloud expenses, it is expected to be in the range of 14% to 19%.
Additionally, management trimmed the capital expenditure (CapEx) forecast a bit. It expects CapEx excluding cost related to its headquarters project to be down year over year. Depreciation expense is expected to rise in the mid-20% range. However, the rate of increase will decelerate from the first quarter through the end of the year.
Expedia's narrower-than-expected first quarter loss and 15% year-on-year revenue growth are also positives. The company's impressive first-quarter results backed the share price momentum.
However, we note that the company has underperformed the Zacks Electronics Commerce Market on a year-to-date basis. While the industry gained 42.9%, the stock returned 34.8% over the same time frame.
Moreover, trivago TRVG , Egencia and HomeAway grew 62.5%, 11.8% and 30.3%, respectively on a year-over-year basis in the first quarter. Though the revenue growth trend looks promising, cloud spending, estimated at $110 million for 2017, remains a concern.
Expedia, Inc. Revenue (TTM)
Expedia, Inc. Revenue (TTM) | Expedia, Inc. Quote
Estimate Revisions
The Zacks Consensus Estimate for fiscal 2017 remained unchanged at $4.18 over the last 30 days. For fiscal 2018, the consensus estimate remained unchanged at $5.69 over the same time period.
Stocks to Consider
Better-ranked stocks in the broader computer-software market include Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 stocks here.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market.
See these critical buys and sells free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Expedia, Inc. (EXPE): Free Stock Analysis Report
Trivago N.V. ADS (TRVG): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Better-ranked stocks in the broader computer-software market include Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Expedia, Inc. (EXPE): Free Stock Analysis Report Trivago N.V. ADS (TRVG): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Share price of Expedia Inc.EXPE rallied to a new 52-week high of $152.83, eventually closing a tad bit lower at $152.00 on Jun 22.
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Stocks to Consider Better-ranked stocks in the broader computer-software market include Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Expedia, Inc. (EXPE): Free Stock Analysis Report Trivago N.V. ADS (TRVG): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Expedia, Inc. Revenue (TTM) Expedia, Inc. Revenue (TTM) | Expedia, Inc. Quote Estimate Revisions The Zacks Consensus Estimate for fiscal 2017 remained unchanged at $4.18 over the last 30 days.
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Stocks to Consider Better-ranked stocks in the broader computer-software market include Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Expedia, Inc. (EXPE): Free Stock Analysis Report Trivago N.V. ADS (TRVG): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Expedia, Inc. Revenue (TTM) Expedia, Inc. Revenue (TTM) | Expedia, Inc. Quote Estimate Revisions The Zacks Consensus Estimate for fiscal 2017 remained unchanged at $4.18 over the last 30 days.
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Stocks to Consider Better-ranked stocks in the broader computer-software market include Applied Optoelectronics, Inc. AAOI and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Expedia, Inc. (EXPE): Free Stock Analysis Report Trivago N.V. ADS (TRVG): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, the company has a Zacks Rank #3 (Hold).
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131b9fe5-6cda-49e5-ba85-797ff60bab0f
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9960.0
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2017-06-23 00:00:00 UTC
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Notable Friday Option Activity: PAY, T, AAOI
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AAOI
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https://www.nasdaq.com/articles/notable-friday-option-activity-pay-t-aaoi-2017-06-23
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in VeriFone Systems Inc. (Symbol: PAY), where a total volume of 9,569 contracts has been traded thus far today, a contract volume which is representative of approximately 956,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.9% of PAY's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $14 strike put option expiring January 19, 2018 , with 1,481 contracts trading so far today, representing approximately 148,100 underlying shares of PAY. Below is a chart showing PAY's trailing twelve month trading history, with the $14 strike highlighted in orange:
AT&T Inc (Symbol: T) options are showing a volume of 81,634 contracts thus far today. That number of contracts represents approximately 8.2 million underlying shares, working out to a sizeable 42.7% of T's average daily trading volume over the past month, of 19.1 million shares. Particularly high volume was seen for the $30 strike put option expiring January 19, 2018 , with 30,025 contracts trading so far today, representing approximately 3.0 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $30 strike highlighted in orange:
And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 12,377 contracts, representing approximately 1.2 million underlying shares or approximately 41.7% of AAOI's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $75 strike call option expiring July 21, 2017 , with 1,188 contracts trading so far today, representing approximately 118,800 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $75 strike highlighted in orange:
For the various different available expirations for PAY options , T options , or AAOI options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $75 strike call option expiring July 21, 2017 , with 1,188 contracts trading so far today, representing approximately 118,800 underlying shares of AAOI. Particularly high volume was seen for the $30 strike put option expiring January 19, 2018 , with 30,025 contracts trading so far today, representing approximately 3.0 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 12,377 contracts, representing approximately 1.2 million underlying shares or approximately 41.7% of AAOI's average daily trading volume over the past month, of 3.0 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $75 strike highlighted in orange: For the various different available expirations for PAY options , T options , or AAOI options , visit StockOptionsChannel.com.
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Particularly high volume was seen for the $30 strike put option expiring January 19, 2018 , with 30,025 contracts trading so far today, representing approximately 3.0 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 12,377 contracts, representing approximately 1.2 million underlying shares or approximately 41.7% of AAOI's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $75 strike call option expiring July 21, 2017 , with 1,188 contracts trading so far today, representing approximately 118,800 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $75 strike highlighted in orange: For the various different available expirations for PAY options , T options , or AAOI options , visit StockOptionsChannel.com.
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Particularly high volume was seen for the $30 strike put option expiring January 19, 2018 , with 30,025 contracts trading so far today, representing approximately 3.0 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 12,377 contracts, representing approximately 1.2 million underlying shares or approximately 41.7% of AAOI's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $75 strike call option expiring July 21, 2017 , with 1,188 contracts trading so far today, representing approximately 118,800 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $75 strike highlighted in orange: For the various different available expirations for PAY options , T options , or AAOI options , visit StockOptionsChannel.com.
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Particularly high volume was seen for the $30 strike put option expiring January 19, 2018 , with 30,025 contracts trading so far today, representing approximately 3.0 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 12,377 contracts, representing approximately 1.2 million underlying shares or approximately 41.7% of AAOI's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $75 strike call option expiring July 21, 2017 , with 1,188 contracts trading so far today, representing approximately 118,800 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $75 strike highlighted in orange: For the various different available expirations for PAY options , T options , or AAOI options , visit StockOptionsChannel.com.
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b484e46d-6766-44a1-af92-7b080dc387ba
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9961.0
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2017-06-22 00:00:00 UTC
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Infineon (IFNNY) Upgraded to Strong Buy on Positive Guidance
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AAOI
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https://www.nasdaq.com/articles/infineon-ifnny-upgraded-to-strong-buy-on-positive-guidance-2017-06-22
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On Jun 22, Infineon Technologies AGIFNNY was upgraded to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
The upgrade can primarily be attributed to the company's impressive fiscal 2017 guidance, which has driven earnings estimates higher over the last 30 days.
Based on better-than-expected second-quarter results, management raised the full-year guidance. For fiscal 2017, Infineon now forecasts revenue growth of around 8%-11%, based on an assumed exchange rate of $1.10 to Euro, with segment operating margin of 17% at the mid-point of revenue guidance.
For third-quarter 2017, Infineon expects revenues to increase 3% (+/- 2%) sequentially. At the mid-point of the guided revenue range, segment operating margin is expected to be 17.5%.
The Zacks Consensus Estimates for 2017 has increased 1.03% to 98 cents over the last 30 days. For 2018, the consensus estimate is currently pegged at $1.20, up 3.44% over the same time frame.
We also note that shares of the company have outperformed the Zacks Electronics-Semiconductors market on a year-to-date basis. While the industry gained 23.3%, the stock returned 28.3%.
Growth Catalysts
The company has high growth prospects in the automotive market. Its customer base includes eight of the top-10 electric vehicle makers including Tesla TSLA , BMW and Renault. Moreover, the company's focus on energy-efficient solutions is a key driver.
We believe continued high demand for driver assistance systems and products deployed in hybrid and electric vehicles and home appliances, traction, electric drives backed the revenue growth in the second quarter, which saw year-on-year increase of 9.7%. These factors continue to be key growth catalysts for the company.
Infineon Technologies AG Revenue (TTM)
Infineon Technologies AG Revenue (TTM) | Infineon Technologies AG Quote
Notably, the company recently demonstrated post-quantum cryptography on a contactless security chip, which will make transition between today's security protocols to next-generation post-quantum cryptography (PQC) simpler. The first-of-its-kind technology is anticipated to provide the company a first mover's advantage.
All these have worked together to aid the company's growth.
Key Picks
Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here.
The long-term earnings growth rate for Applied Optoelectronics and Applied Materials is projected to be 20% and 16.58%, respectively.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tesla Inc. (TSLA): Free Stock Analysis Report
Infineon Technologies AG (IFNNY): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Infineon Technologies AG (IFNNY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The upgrade can primarily be attributed to the company's impressive fiscal 2017 guidance, which has driven earnings estimates higher over the last 30 days.
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Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Infineon Technologies AG (IFNNY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1. Infineon Technologies AG Revenue (TTM) Infineon Technologies AG Revenue (TTM) | Infineon Technologies AG Quote Notably, the company recently demonstrated post-quantum cryptography on a contactless security chip, which will make transition between today's security protocols to next-generation post-quantum cryptography (PQC) simpler.
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Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Infineon Technologies AG (IFNNY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1. For fiscal 2017, Infineon now forecasts revenue growth of around 8%-11%, based on an assumed exchange rate of $1.10 to Euro, with segment operating margin of 17% at the mid-point of revenue guidance.
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Key Picks Other stocks that can be considered by investors are Applied Optoelectronics, Inc. AAOI , and Applied Materials, Inc. AMAT , both sporting a Zacks Rank #1. Click to get this free report Tesla Inc. (TSLA): Free Stock Analysis Report Infineon Technologies AG (IFNNY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. For fiscal 2017, Infineon now forecasts revenue growth of around 8%-11%, based on an assumed exchange rate of $1.10 to Euro, with segment operating margin of 17% at the mid-point of revenue guidance.
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e80787a6-cd83-452e-b1b3-b58300134024
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9962.0
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2017-06-22 00:00:00 UTC
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Top-Performing Tech Stocks of 2017
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AAOI
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https://www.nasdaq.com/articles/top-performing-tech-stocks-2017-2017-06-22
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nan
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nan
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The technology sector is home to many volatile tickers and high-growth stocks. Keeping track of the top movers is a good first step toward strong long-term returns. Here are 10 of the best-performing tech stocks so far in 2017. Start with this list to find the best tech tickers to watch, to buy now, or to invest in for the long haul.
The 10 top-performing tech stocks of 2017
Data source: Finviz.com.
Some of these stocks are unprofitable today, relying on strong sales growth and optimistic projections for the far future to reach these skyrocketing year-to-date gains. Others are already delivering solid bottom-line results to give their market caps a firmer footing. And these 10 tickers took very different paths to achieve today's terrific returns.
Here's a closer look at the five biggest gainers:
Straight Path traded sideways until April, when the telecommunications asset holding company became the object of a bidding war between Verizon Communications and AT&T . Ma Bell started with a buyout offer of $95.63 per share, but Verizon walked away a winner after offering $184 per Straight Path share in an all-stock deal. The company's rich portfolio of wireless spectrum licenses will help Big Red implement its 5G network plans over the next couple of years.
Applied Optoelectronics announced a strong slate of preliminary fourth-quarter results in January, then crushed its own estimates in February's full report. The maker of fiber-optic networking components continued to shock the Street in May, and share prices skyrocketed on each and every one of these fantastic quarterly reports. The fiber-optic network industry as a whole seems poised to turn a corner here, helped by the 5G ambitions of the wireless telecom sector.
Business software specialist Upland Software, on the other hand, has a tendency to miss Wall Street's targets rather than blow them away. But the company is making smart plug-in acquisitions to strengthen its portfolio of tools for human resources and workflow management, driving the bottom line closer to sustainable profits. Upland could also become a buyout target itself as the enterprise-grade cloud computing sector continues to consolidate.
Industrial and IT equipment distributor Systemax saw share prices surge in March, when the company struck a deal to unload its unprofitable European operations to private investors. That deal resulted in a strong first-quarter report in May, sending share prices higher again. The new Systemax is a leaner, meaner business with solid profit margins and a reasonable path to organic growth.
Ichor Holdings signaled an upturn in the semiconductor industry in April, based on the chip-manufacturing toolmaker's strong earnings report. Two days later, sector peer Ultra Clean Holdings followed suit with its own solid earnings report. If things are looking up for chip-building equipment makers today, you should expect solid results for the chip builders themselves in future quarters.
Rounding up the rest
Universal Display's OLED display technology is becoming a staple among smartphone makers and television set builders. On-demand healthcare services specialist Teladoc is finding traction for its remote checkup tools. Wireless broadband chip designer Sequans is already eyeing the upcoming 5G wave of system upgrades, and the Internet of Things looms as a large growth opportunity. And Shopify is powering many of your favorite e-commerce sites today, with many more to come.
All of these business successes are showing up in each company's earnings reports. Those that are not profitable today have demonstrated a clear strategy to rise above the break-even point someday soon, and investors are taking notice.
These tickers deserve a closer look from investors with a knack for high-growth investments.
10 stocks we like better than Universal Display
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Universal Display wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of June 5, 2017
Anders Bylund owns shares of Universal Display. The Motley Fool owns shares of and recommends Shopify, Universal Display, and VZ. The Motley Fool has a disclosure policy .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here's a closer look at the five biggest gainers: Straight Path traded sideways until April, when the telecommunications asset holding company became the object of a bidding war between Verizon Communications and AT&T . But the company is making smart plug-in acquisitions to strengthen its portfolio of tools for human resources and workflow management, driving the bottom line closer to sustainable profits. Industrial and IT equipment distributor Systemax saw share prices surge in March, when the company struck a deal to unload its unprofitable European operations to private investors.
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Business software specialist Upland Software, on the other hand, has a tendency to miss Wall Street's targets rather than blow them away. If things are looking up for chip-building equipment makers today, you should expect solid results for the chip builders themselves in future quarters. The Motley Fool owns shares of and recommends Shopify, Universal Display, and VZ.
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10 stocks we like better than Universal Display When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Universal Display wasn't one of them! *Stock Advisor returns as of June 5, 2017 Anders Bylund owns shares of Universal Display.
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That deal resulted in a strong first-quarter report in May, sending share prices higher again. If things are looking up for chip-building equipment makers today, you should expect solid results for the chip builders themselves in future quarters. The Motley Fool owns shares of and recommends Shopify, Universal Display, and VZ.
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341ccca5-55a9-401b-bca2-244d2a3d490e
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9963.0
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2017-06-21 00:00:00 UTC
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Zacks.com featured highlights: Chemours, Best Buy, Applied Optoelectronics and Lam Research
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AAOI
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https://www.nasdaq.com/articles/zacks.com-featured-highlights%3A-chemours-best-buy-applied-optoelectronics-and-lam-research
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For Immediate Release
Chicago, IL - June 21, 2017 - Stocks in this week's article include Chemours Company (NYSE: CC - Free Report ), Best Buy Co., Inc. (NYSE: BBY - Free Report ), Applied Optoelectronics (NASDAQ: AAOI - Free Report ) and Lam Research Corporation (NASDAQ: LRCX - Free Report ).
Screen of the Week of Zacks Investment Research:
Ride These 4 Momentum Picks for Impressive Returns
When value or growth investing fails to fetch sustained profits, one should explore another time-tested winning strategy that simply bets on the frontrunner stocks. Translated, one of the most successful strategies today is to get in on momentum stocks at the right time.
At the core, momentum investing is buying high, selling higher. It is based on the idea that once a stock establishes a trend, it is more likely to continue in that direction than move against the drift. Thus, this strategy calls for hitching a ride on an already fast-moving train, without fretting about valuations or growth prospects. But why does the momentum strategy work?
There is a simple reason behind this. It works because we are humans!
There's a whole laundry list of behavioral biases that most investors exhibit and these emotional responses and mistakes are the very reason that momentum strategy works. For instance, there are investors who are anxious about booking losses and hence hold on to losing stocks for too long, hopeful of a rebound in the prices. On the other hand, a few investors sell their winners way too early.
Furthermore, investors initially tend to under-react to news, events or data releases. However, once things become clear, they tend to go with the flow and overreact, causing dramatic price reactions.
These behavioral problems extend trends, and thus open up huge opportunities for momentum players. So basically, it's a way to profit from the general human tendency to extrapolate current trends into the future.
Momentum investing is thus based on that gap in time that exists before the mean reversion occurs, i.e. before prices become rational again.
Momentum strategies have been known to be alpha-generative over a long period of time and across markets. So obviously, this strategy is quite tricky to implement, as detecting these trends is no child's play.
Here, we have created a strategy that will help investors get in on these fast movers and make handsome gains. Our screen will help you benefit from both long-term price momentum and a short-term pullback in price, which would reflect some profit-taking in the stock.
Screening Parameters
Percentage Change Price (52 Weeks) = Top #50: This item selects the top 50 stocks with the best percentage price change over the last 52 weeks. This parameter ensures we get stocks that have appreciated the maximum over the past one year.
Percentage Change in Price (1 Week) = Bottom #10: From the above 50 stocks, we then choose those that are also among the 10 worst performers over a short one-week period.
Zacks Rank #1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today's Zacks #1 Rank stocks here.
Momentum Style Score of B or better: A top Momentum Style Score knocks out a lot of the screening process as it takes into account several factors including volume change and performance relative to its peers. It indicates when the timing is best to grab a stock and take advantage of its momentum with the highest probability of success. Stocks with a Momentum Style Score of 'A' or 'B,' when combined with a Zacks Rank #1 or 2 (Buy) handily outperform other stocks.
Current Price greater than 5: The stocks must all be trading at a minimum of $5.
Market Capitalization = Top #3000: We have chosen stocks that are among the top 3000 in terms of market value to ensure strong liquidity.
Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that these stocks are easily tradable.
Here are four of the seven stocks that made it through this screen:
The Chemours Company (NYSE: CC - Free Report ), which provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America, gained a whopping 313% over the past one year. The company carries a Momentum Style Score of 'A'.
Shares of Best Buy Co., Inc. (NYSE: BBY - Free Report ), which operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico, went up nearly 84% in the past one year. The company has a Momentum Style Score of 'A'.
Applied Optoelectronics (NASDAQ: AAOI - Free Report ) designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets. The stock appreciated a whopping 520% in the past one year and has a Momentum Style Score of 'A'.
Lam Research Corporation (NASDAQ: LRCX - Free Report ), designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. The stock soared over 79% in the past one year and carries a Momentum Style Score of 'B'.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at:https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112
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Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros .
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer .
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chemours Company (The) (CC): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Lam Research Corporation (LRCX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - June 21, 2017 - Stocks in this week's article include Chemours Company (NYSE: CC - Free Report ), Best Buy Co., Inc. (NYSE: BBY - Free Report ), Applied Optoelectronics (NASDAQ: AAOI - Free Report ) and Lam Research Corporation (NASDAQ: LRCX - Free Report ). Applied Optoelectronics (NASDAQ: AAOI - Free Report ) designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets. Get the full Report on CC - FREE Get the full Report on BBY - FREE Get the full Report on AAOI - FREE Get the full Report on LRCX - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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For Immediate Release Chicago, IL - June 21, 2017 - Stocks in this week's article include Chemours Company (NYSE: CC - Free Report ), Best Buy Co., Inc. (NYSE: BBY - Free Report ), Applied Optoelectronics (NASDAQ: AAOI - Free Report ) and Lam Research Corporation (NASDAQ: LRCX - Free Report ). Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics (NASDAQ: AAOI - Free Report ) designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets.
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For Immediate Release Chicago, IL - June 21, 2017 - Stocks in this week's article include Chemours Company (NYSE: CC - Free Report ), Best Buy Co., Inc. (NYSE: BBY - Free Report ), Applied Optoelectronics (NASDAQ: AAOI - Free Report ) and Lam Research Corporation (NASDAQ: LRCX - Free Report ). Get the full Report on CC - FREE Get the full Report on BBY - FREE Get the full Report on AAOI - FREE Get the full Report on LRCX - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - June 21, 2017 - Stocks in this week's article include Chemours Company (NYSE: CC - Free Report ), Best Buy Co., Inc. (NYSE: BBY - Free Report ), Applied Optoelectronics (NASDAQ: AAOI - Free Report ) and Lam Research Corporation (NASDAQ: LRCX - Free Report ). Applied Optoelectronics (NASDAQ: AAOI - Free Report ) designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets. Get the full Report on CC - FREE Get the full Report on BBY - FREE Get the full Report on AAOI - FREE Get the full Report on LRCX - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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687ce4ba-5e8f-462f-9f97-2580b293b3e6
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9964.0
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2017-06-21 00:00:00 UTC
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Why it is Good Idea to Hold Zillow Group (ZG) Stock for Now
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AAOI
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https://www.nasdaq.com/articles/why-it-is-good-idea-to-hold-zillow-group-zg-stock-for-now-2017-06-21
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nan
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nan
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At times, it is prudent to retain certain stocks that have enough potential but are weighed down by tough market conditions. Zillow Group Inc.ZG seems to be one such stock, which investors need to hold on to if they are looking to reap long-term benefits. Though the stock faces several headwinds at the moment, these are transitory in nature. There is enough scope for this Zacks Rank #3 (Hold) company to rebound in the long run.
In fact, Zillow's shares have outperformed the Zacks Categorized Internet - Services industry over the last three months. While the industry gained 20.2%, Zillow went up 35.6%.
Further, shares of the company hit a 52-week high of $47.43 yesterday and closed at $47.30.
Driving Factors
Zillow provides real estate and home-related brands on the web and mobile. The company focuses on home lifecycle which includes renting, buying, selling, financing and home improvement.
Zillow posted a strong first-quarter 2017 results beating estimates on the top and bottom line. The company implemented its entire strategic priorities and launched the self-service account interface meant for Premier Agents on a national level.
The strong performance indicates growing demand for the company's Marketplace business model which augurs well for the company in the long term.
Also, for second-quarter 2017, management expects revenues in a range of $257 million to $262 million. The Zacks Consensus Estimate was pegged at $262 million. Agent revenues are projected in a range of $185 million to $187 million. Display revenues are anticipated to be in a range of $16 million to $17 million.
For full year 2017, the company raised its outlook for revenue to a range of $1.050 billion to $1.065 billion, which represents a 25% year-over-year increase at the midpoint.. The Zacks Consensus Estimate was pegged at $1.06 billion.
Adding to the positives, we believe that strong traffic growth, frequent product launches and the growing Agent business are positives. In particular, product launches like Zillow Real Estate and Zillow Digs App for Apple Inc.'s AAPL iPhone and iPad are expected to drive growth.
The Trulia acquisition will not only make Zillow the number one online real estate information provider in the U.S. but also help it to compete against Move Inc., which has now been acquired by News Corp.
The company also ventured into several partnerships with real estate listing companies and real estate brokers to enhance its product portfolio.
The company exhibits a Growth Style Score of "A" and has a Market Cap of 8.61 billion, making us confident of its innate strength. Notably, the company posted a positive earnings surprise of 70% in the last quarter.
Risks Persist
Macroeconomic factors, a competitive landscape and increasing mortgage interest rates remain concerns for the company and may weigh on its performance, going forward.
Our Take
We expect the aforementioned factors to help the company sustain its strong momentum and stay afloat amid difficult times. Hence, we suggest that investors hold on to the stock as the rest is a wait-and-see story.
Stocks that Warrant a Look
Some better-ranked stocks in the technology sector includes Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , each carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Zillow Group, Inc. (ZG): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks that Warrant a Look Some better-ranked stocks in the technology sector includes Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report Zillow Group, Inc. (ZG): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. The Trulia acquisition will not only make Zillow the number one online real estate information provider in the U.S. but also help it to compete against Move Inc., which has now been acquired by News Corp.
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Stocks that Warrant a Look Some better-ranked stocks in the technology sector includes Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report Zillow Group, Inc. (ZG): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Click to get this free report Zillow Group, Inc. (ZG): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks that Warrant a Look Some better-ranked stocks in the technology sector includes Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , each carrying a Zacks Rank #1 (Strong Buy). The company also ventured into several partnerships with real estate listing companies and real estate brokers to enhance its product portfolio.
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Stocks that Warrant a Look Some better-ranked stocks in the technology sector includes Applied Materials, Inc. AMAT and Applied Optoelectronics, Inc. AAOI , each carrying a Zacks Rank #1 (Strong Buy). Click to get this free report Zillow Group, Inc. (ZG): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Adding to the positives, we believe that strong traffic growth, frequent product launches and the growing Agent business are positives.
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9e717fcd-2d2b-4ddb-9187-6899b986363c
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9965.0
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2017-06-21 00:00:00 UTC
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Resonant (RESN) Catches Eye: Stock Adds 8.3% in Session
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AAOI
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https://www.nasdaq.com/articles/resonant-resn-catches-eye%3A-stock-adds-8.3-in-session-2017-06-21
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nan
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nan
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Resonant Inc.RESN was a big mover last session, as its shares rose over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $3.98 to $4.68 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Resonant currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Resonant Inc. Price
Resonant Inc. Price | Resonant Inc. Quote
A better-ranked stock in the broader sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Is RESN going up? Or down? Predict to see what others think: Up or Down
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Resonant Inc. (RESN): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Resonant Inc. Price Resonant Inc. Price | Resonant Inc. Quote A better-ranked stock in the broader sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Resonant Inc. (RESN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $3.98 to $4.68 in the past one-month time frame.
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Resonant Inc. Price Resonant Inc. Price | Resonant Inc. Quote A better-ranked stock in the broader sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Resonant Inc. (RESN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Resonant Inc. Price Resonant Inc. Price | Resonant Inc. Quote A better-ranked stock in the broader sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Resonant Inc. (RESN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy).
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Click to get this free report Resonant Inc. (RESN): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Resonant Inc. Price Resonant Inc. Price | Resonant Inc. Quote A better-ranked stock in the broader sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). None of the estimates for this stock were revised over the past 30 days.
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9c66c6ae-2b52-4f37-bc47-94f3ee635207
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9966.0
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2017-06-21 00:00:00 UTC
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Is CA Considering Consensual Acquisition-Merger with BMC?
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AAOI
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https://www.nasdaq.com/articles/is-ca-considering-consensual-acquisition-merger-with-bmc-2017-06-21
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nan
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nan
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Shares of CA Inc.CA jumped over 16% in yesterday's after-hours trade, following Bloomberg 's reports, citing anonymous sources, that the company is considering a consensual acquisition-merger with BMC Software. The transaction will bring together two of the largest IT management software companies in the U.S.
Per the report, the two companies have been in talks with banks to execute this transaction. The deal is said to be of a leveraged buyout kind. At yesterday's closing price, CA's market capitalization is slightly over $13 billion.
The deal is likely to be funded by investment institutions and equity financing from owners of BMC, Bain Capital and Golden Gate Capital. Notably, BMC went private after the two private equity firms acquired it in 2013, for a deal worth approximately $7 billion.
According to Bloomberg , if the deal materializes, this will be the largest leveraged buyout since Dell's transaction of approximately $25 billion.
Founded in 1974, CA has seen its ups and down. After having some better years in late 1990s, the company saw some worst years in early 2000 when the U.S. Department of Justice found it faulty in revenue recognition. The scandal had put several of CA's senior executives in jail.
The company, however, managed to recover from the situation. However, now, once again it is facing another challenge in the form of declining revenues. Since fiscal 2013, the company has registered revenue decline in every fiscal. In the last quarter too, its revenues were flat on a year-over-year basis. Also, for fiscal 2017, the company witnessed a year-over-year 1% decline.
Notably, the stock has underperformed the Computer-Software industry in the last three years. The stock just returned 9.8%, while the industry gained 47.2% in the said period.
Therefore, upon completion of the acquisition, we believe the new management may take the company to new highs. Also, if the deal materializes, we anticipate the integration to be smooth as both CA and BMC have almost similar kind of business.
Currently, CA carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , DST Systems Inc. DST and Intuit Inc. INTU . While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), DST Systems and Intuit carry a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics, DST Systems and Intuit have long-term expected EPS growth rate of 20%, 10% and 14.2%, respectively.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DST Systems, Inc. (DST): Free Stock Analysis Report
CA Inc. (CA): Get Free Report
Intuit Inc. (INTU): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , DST Systems Inc. DST and Intuit Inc. INTU . Click to get this free report DST Systems, Inc. (DST): Free Stock Analysis Report CA Inc. (CA): Get Free Report Intuit Inc. (INTU): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of CA Inc.CA jumped over 16% in yesterday's after-hours trade, following Bloomberg 's reports, citing anonymous sources, that the company is considering a consensual acquisition-merger with BMC Software.
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , DST Systems Inc. DST and Intuit Inc. INTU . Click to get this free report DST Systems, Inc. (DST): Free Stock Analysis Report CA Inc. (CA): Get Free Report Intuit Inc. (INTU): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), DST Systems and Intuit carry a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
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Click to get this free report DST Systems, Inc. (DST): Free Stock Analysis Report CA Inc. (CA): Get Free Report Intuit Inc. (INTU): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , DST Systems Inc. DST and Intuit Inc. INTU . While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), DST Systems and Intuit carry a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , DST Systems Inc. DST and Intuit Inc. INTU . Click to get this free report DST Systems, Inc. (DST): Free Stock Analysis Report CA Inc. (CA): Get Free Report Intuit Inc. (INTU): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The transaction will bring together two of the largest IT management software companies in the U.S.
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7585974e-d543-490b-8232-e4dcc0d87907
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9967.0
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2017-06-20 00:00:00 UTC
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Ride These 4 Momentum Picks for Impressive Returns
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AAOI
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https://www.nasdaq.com/articles/ride-these-4-momentum-picks-for-impressive-returns-2017-06-20
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nan
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nan
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When value or growth investing fails to fetch sustained profits, one should explore another time-tested winning strategy that simply bets on the frontrunner stocks. Translated, one of the most successful strategies today is to get in on momentum stocks at the right time.
At the core, momentum investing is buying high, selling higher. It is based on the idea that once a stock establishes a trend, it is more likely to continue in that direction than move against the drift. Thus, this strategy calls for hitching a ride on an already fast-moving train, without fretting about valuations or growth prospects. But why does the momentum strategy work?
There is a simple reason behind this. It works because we are humans!
There's a whole laundry list of behavioral biases that most investors exhibit and these emotional responses and mistakes are the very reason that momentum strategy works. For instance, there are investors who are anxious about booking losses and hence hold on to losing stocks for too long, hopeful of a rebound in the prices. On the other hand, a few investors sell their winners way too early.
Furthermore, investors initially tend to under-react to news, events or data releases. However, once things become clear, they tend to go with the flow and overreact, causing dramatic price reactions.
These behavioral problems extend trends, and thus open up huge opportunities for momentum players. So basically, it's a way to profit from the general human tendency to extrapolate current trends into the future.
Momentum investing is thus based on that gap in time that exists before the mean reversion occurs, i.e. before prices become rational again.
Momentum strategies have been known to be alpha-generative over a long period of time and across markets. So obviously, this strategy is quite tricky to implement, as detecting these trends is no child's play.
Here, we have created a strategy that will help investors get in on these fast movers and make handsome gains. Our screen will help you benefit from both long-term price momentum and a short-term pullback in price, which would reflect some profit-taking in the stock.
Screening Parameters
Percentage Change Price (52 Weeks) = Top #50: This item selects the top 50 stocks with the best percentage price change over the last 52 weeks. This parameter ensures we get stocks that have appreciated the maximum over the past one year.
Percentage Change in Price (1 Week) = Bottom #10: From the above 50 stocks, we then choose those that are also among the 10 worst performers over a short one-week period.
Zacks Rank #1: No matter whether market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. You can see the complete list of today's Zacks #1 Rank stocks here.
MomentumStyle Scoreof B or better: A top Momentum Style Score knocks out a lot of the screening process as it takes into account several factors including volume change and performance relative to its peers. It indicates when the timing is best to grab a stock and take advantage of its momentum with the highest probability of success. Stocks with a Momentum Style Score of 'A' or 'B,' when combined with a Zacks Rank #1 or 2 (Buy) handily outperform other stocks.
Current Price greater than 5: The stocks must all be trading at a minimum of $5.
Market Capitalization = Top #3000: We have chosen stocks that are among the top 3000 in terms of market value to ensure strong liquidity.
Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that these stocks are easily tradable.
Here are four of the seven stocks that made it through this screen:
The Chemours Company CC , which provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America, gained a whopping 313% over the past one year. The company carries a Momentum Style Score of 'A'.
Shares of Best Buy Co., Inc.BBY , which operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico, went up nearly 84% in the past one year. The company has a Momentum Style Score of 'A'.
Applied OptoelectronicsAAOI designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets. The stock appreciated a whopping 520% in the past one year and has a Momentum Style Score of 'A'.
Lam Research CorporationLRCX , designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. The stock soared over 79% in the past one year and carries a Momentum Style Score of 'B'.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today .
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chemours Company (The) (CC): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Lam Research Corporation (LRCX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied OptoelectronicsAAOI designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets. Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. When value or growth investing fails to fetch sustained profits, one should explore another time-tested winning strategy that simply bets on the frontrunner stocks.
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Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. Applied OptoelectronicsAAOI designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets. Screening Parameters Percentage Change Price (52 Weeks) = Top #50: This item selects the top 50 stocks with the best percentage price change over the last 52 weeks.
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Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. Applied OptoelectronicsAAOI designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets. Translated, one of the most successful strategies today is to get in on momentum stocks at the right time.
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Applied OptoelectronicsAAOI designs, manufactures, and sells fiber-optic networking products primarily for Internet data center, cable television, and fiber-to-the-home networking end-markets. Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis Report To read this article on Zacks.com click here. But why does the momentum strategy work?
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3669770b-6485-4b22-916d-73af582c92fb
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9968.0
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2017-06-20 00:00:00 UTC
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Micron Technology (MU) Up 4.5%: Can the Rally Continue?
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AAOI
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https://www.nasdaq.com/articles/micron-technology-mu-up-4.5%3A-can-the-rally-continue-2017-06-20
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nan
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nan
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Micron Technology Inc. 's MU shares have added about 4.5% in yesterday's trade, outperforming the market.
In the last one year, its shares have gained 144.6%, while the Zacks categorized Electronics-Semiconductor industry recorded an increase of 43.1%.
Will the recent positive trend continue driving the stock over the the long haul or is it due for a pullback? Before we discuss how investors and analysts have reacted as of late, let's take a quick look at the most recent fundamentals and trends in order to get a better hold on the important drivers.
Growth Drivers
The main reason behind the optimism surrounding the stock is improving prices for DRAM and NAND chips, which makes investors confident about Micron's growth. Per various sources, the prices of these chips have improved primarily due to a better product-mix optimization and higher-than-expected demand for PCs, servers and mobiles.
The benefit from improved pricing is well reflected in the company's last quarterly results (second-quarter fiscal 2017). Micron Technology's top and the bottom lines increased on a year-over-year basis, mainly due to pricing improvement in DRAM and NAND sales volume. The fiscal third-quarter guidance was also encouraging.
It should be noted that Micron has been expanding in the SSD storage market due to the decline in the PC market. Notably, SSDs are faster and energy efficient than traditional hard drives. These are also used in servers due to lower latency and facilitate faster response to real-time applications.
The company has an interesting partnership with Seagate STX . Under the agreement, Micron supplies a significant portion of Seagate's NAND requirement. In return, Seagate shares its SAS SSD technology with Micron, the kind of technology, which the latter lacks in the enterprise SSD market. We believe that this deal will expand Micron's high-value enterprise SSD portfolio.
Additionally, the acquisition of Inotera in 2016 is anticipated to be accretive to Micron's DRAM gross margin, earnings per share and free cash flow. According to the company, the acquisition will also have some operational benefits, leading to efficient management of investment levels and cadence followed by alignment with global manufacturing operations.
The company is positive about the product launches and growing demand, particularly that of SSD products. The company has been constantly innovating memory technologies, spanning DRAM, NAND and NOR Flash memory solutions, which are widely used in the latest mobile computing devices as well as in consumer, networking and embedded products.
How have estimates been moving since then?
Analysts were quiet during the last one month period as none of them issued any earnings estimate revisions.
Style Scores Look Great
Micron currently sports an "A" grade for Value and Growth, lifting its overall VGM score to "A."
Valuation
On the valuation front too, the stock looks attractive. The company currently trades at a forward P/E multiple of 8.5x, significantly lower than the Zacks categorized Electronics-Semiconductor industry average of 15.1x. The ratio, which is obtained by dividing a stock's current market price with its historical or estimated earnings, measures how much an investor needs to shell out per dollar of earnings. Therefore, lower the P/E of a stock, the better for investors.
Outlook
The consensus estimate has been stable over the last 30 days. Notably, the stock has a Zacks Rank #3 (Hold). We are expecting an inline return from the stock over the next few months. Additionally, the stock has long-term earnings per share growth rate of 10%.
To Conclude
In our opinion, the stock deserves a place in investor's portfolio and we are expecting an impressive return from the stock in the next few months.
A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), Broadcom carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Long-term expected EPS growth rate for Applied Optoelectronics and Broadcom is 20% and 13.6%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Seagate Technology PLC (STX): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Per various sources, the prices of these chips have improved primarily due to a better product-mix optimization and higher-than-expected demand for PCs, servers and mobiles.
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Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Growth Drivers The main reason behind the optimism surrounding the stock is improving prices for DRAM and NAND chips, which makes investors confident about Micron's growth.
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Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Growth Drivers The main reason behind the optimism surrounding the stock is improving prices for DRAM and NAND chips, which makes investors confident about Micron's growth.
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A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Drivers The main reason behind the optimism surrounding the stock is improving prices for DRAM and NAND chips, which makes investors confident about Micron's growth.
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6e0f6a1a-1312-40f2-b40c-345346b1f18c
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9969.0
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2017-06-20 00:00:00 UTC
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HP Inc Introduces Ink Cartridge Made from Recycled Bottles
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AAOI
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https://www.nasdaq.com/articles/hp-inc-introduces-ink-cartridge-made-from-recycled-bottles-2017-06-20
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nan
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nan
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Going ahead with its commitment made last September to improve the lives of the children who collect recyclable materials, HP Inc.HPQ , yesterday, introduced its Original HP ink cartridges which are made out of recycled bottles. The company has started this initiative from its supply chain in Haiti.
This will help the company in creating jobs and improve the livelihood of collectors of recyclables in Haiti. Apart from this, the initiative will have a positive environmental impact as it will prevent plastics reaching to the Caribbean Sea.
The recent announcement is a step further toward the company's last week's commitment of reducing supply chain Scope 3 greenhouse gas (GHG) emissions intensity by 10% by 2025.
In our view, the initiative will also help the company in bolstering its revenues. Today, organizations and individuals are concerned about the rising environmental problems. HP's initiative will attract the organizations and individuals to use its ink cartridges, thereby bringing in more revenues.
Notably, for the past several quarters, HP's printing business has been facing challenges like sluggish demand and cut-throat competition in the space. In an effort to revamp its printer business, HP is looking at every aspect of growth, including product innovation and differentiation, and acquisition or expansion of 3D printing capabilities.
The stock has underperformed the Zacks categorized Computer-Mini industry in the year-to-date period. While the industry gained 25.6%, HP returned 19.2% in the said period.
Apart from this, the company is also trying to boost its 3D printing business capabilities, in an effort to revive tumbling sales. It should be noted that even though HP has been operating in this space for almost six years now, the company lags behind 3D Systems Corporation DDD and Stratasys Ltd SSYS .
Thus, in order to fortify its presence in this space, HP, last year, unveiled its Jet Fusion 3D Printing Solution, with two models to choose from - 4200 and 3200. Unlike 3D Systems and Stratasys, which target all kinds of consumers, HP emphasizes only on industrial markets because of their ability to afford a premium range of 3D printing solutions.
In our opinion, HP's efforts toward reviving its printing business have been commendable. Its strategy of focusing on product innovation and elevating 3D printing capabilities has helped in stabilizing declining revenues at its printer division, as indicated by its last quarterly results where the segment witnessed 2% year-over-year growth.
Currently, HP carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
The stock, which has witnessed upward earnings estimate revisions in the last 60 days, has an estimated long-term EPS growth rate of 20%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HP Inc. (HPQ): Free Stock Analysis Report
3D Systems Corporation (DDD): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Stratasys, Ltd. (SSYS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report 3D Systems Corporation (DDD): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. The recent announcement is a step further toward the company's last week's commitment of reducing supply chain Scope 3 greenhouse gas (GHG) emissions intensity by 10% by 2025.
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Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report 3D Systems Corporation (DDD): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Notably, for the past several quarters, HP's printing business has been facing challenges like sluggish demand and cut-throat competition in the space.
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Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report 3D Systems Corporation (DDD): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Going ahead with its commitment made last September to improve the lives of the children who collect recyclable materials, HP Inc.HPQ , yesterday, introduced its Original HP ink cartridges which are made out of recycled bottles.
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A better-ranked stock in the broader technology sector is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report 3D Systems Corporation (DDD): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. It should be noted that even though HP has been operating in this space for almost six years now, the company lags behind 3D Systems Corporation DDD and Stratasys Ltd SSYS .
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9283f36f-9a12-40c7-b37c-5fcdc5ad9285
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9970.0
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2017-06-19 00:00:00 UTC
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Mellanox, HPE Partnership to Boost InfiniBand Adoption
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AAOI
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https://www.nasdaq.com/articles/mellanox-hpe-partnership-to-boost-infiniband-adoption-2017-06-19
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nan
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nan
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Mellanox Technologies LtdMLNX recently announced a strategic collaboration with Hewlett Packard Enterprise HPE , under which the latter's HPE SGI 8600 and HPE Apollo 6000 Gen10 systems will be integrated with Mellanox's ConnectX-5 InfiniBand adapters and Switch-IB2 InfiniBand switches.
The integrated products will support Gen-Z open standard consortium, of which Hewlett Packard is one of the founders and Mellanox is a member. Gen-Z architecture aims at reducing load on CPU, by using the Gen-Z high performance, low latency, memory-semantic fabric that can be used to communicate to every device in the system. Gen-Z is focused on delivering high efficiency, high bandwidth and low-latency at lower cost.
We believe that the strategic collaboration is significantly positive for Mellanox as it will boost InfiniBand sales volume. Notably, the product line represents more than 50% of its top-line. However, revenues declined 14.3% from the year-ago quarter, primarily due to lack of large High Performance Computing (HPC) deals in first-quarter 2017.
Mellanox Technologies, Ltd. Revenue (TTM)
Mellanox Technologies, Ltd. Revenue (TTM) | Mellanox Technologies, Ltd. Quote
This has also hurt share price movement on a year-to-date basis. Mellanox has returned 6.4% as compared with the Zacks Electronics Semiconductors industry's gain of 20.9%.
Positive Views on InfiniBand
Mellanox expects InfiniBand product line to start growing sequentially from second-quarter 2017, driven by multiple large deals in the current and upcoming quarter. The company expects LinkX revenues for both InfiniBand and Ethernet grow in 2017 and beyond.
Management believes that the launch of 200 Gigabit HDR solutions in 2017 will further strengthen the company's competitive position against Intel's INTC Omni-Path. Notably, revenues from EDR 100 Gigabit per second InfiniBand products (40.9% of InfiniBand revenues) were up 89% year over year in first-quarter 2017.
We note that recent contract wins from NASA Ames Research Center and RIIT (Research Institute for Information Technology) at the Kyushu University, Japan reflects improving demand for EDR InfiniBand solutions.
Nevertheless, stiff competition from Intel is a major headwind. Although Mellanox haven't lost any market share (according to management) in the recent quarter, Intel's aggressive pricing strategy remains a concern, in our view.
Zacks Rank & Key Pick
Mellanox carries a Zacks Rank #5 (Strong Sell). Applied Optoelectronics AAOI sporting a Zacks Rank #1 (Strong Buy) is a better-ranked stock in the same sector. You can see the complete list of today's Zacks #1 Rank stocks here.
Long-term earnings growth for Applied Optoelectronics is currently pegged at 20%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report
Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Intel Corporation (INTC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics AAOI sporting a Zacks Rank #1 (Strong Buy) is a better-ranked stock in the same sector. Click to get this free report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. However, revenues declined 14.3% from the year-ago quarter, primarily due to lack of large High Performance Computing (HPC) deals in first-quarter 2017.
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Click to get this free report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI sporting a Zacks Rank #1 (Strong Buy) is a better-ranked stock in the same sector. Mellanox Technologies, Ltd. Revenue (TTM) Mellanox Technologies, Ltd. Revenue (TTM) | Mellanox Technologies, Ltd. Quote This has also hurt share price movement on a year-to-date basis.
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Click to get this free report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI sporting a Zacks Rank #1 (Strong Buy) is a better-ranked stock in the same sector. Mellanox Technologies LtdMLNX recently announced a strategic collaboration with Hewlett Packard Enterprise HPE , under which the latter's HPE SGI 8600 and HPE Apollo 6000 Gen10 systems will be integrated with Mellanox's ConnectX-5 InfiniBand adapters and Switch-IB2 InfiniBand switches.
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Applied Optoelectronics AAOI sporting a Zacks Rank #1 (Strong Buy) is a better-ranked stock in the same sector. Click to get this free report Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Intel Corporation (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Positive Views on InfiniBand Mellanox expects InfiniBand product line to start growing sequentially from second-quarter 2017, driven by multiple large deals in the current and upcoming quarter.
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00665767-ac14-4e98-9081-01306b4c4fec
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9971.0
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2017-06-19 00:00:00 UTC
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The Zacks Analyst Blog Highlights: PowerShares QQQ Trust, Technology Select Sector SPDR Fund, Western Digital, Alphabet and Applied Optoelectronics
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AAOI
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-powershares-qqq-trust-technology-select-sector-spdr
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nan
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nan
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For Immediate Release
Chicago, IL - June 19, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include PowerShares QQQ Trust (NASDAQ: QQQ-Free Report ), Technology Select Sector SPDR Fund (NYSEARCA: XLK-Free Report ), Western Digital Corporation (NASDAQ: WDC- Free Report ), Alphabet Inc. (NASDAQ: GOOGL- Free Report ) and Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday's Analyst Blog:
Tech Rout Overstated? Buy These 3 Stocks on the Dip
The latest tech rout that started on June 9 has already wiped out about $250 billion from the value of technology shares. The tech-heavy Nasdaq-100 ETF PowerShares QQQ Trust (NASDAQ: QQQ-Free Report ) lost over 3.1% and tech behemoth Technology Select Sector SPDR Fund (NYSEARCA: XLK-Free Report ) dropped 3.3% in the last five days (as of June 15, 2017) (read: Correction in U.S. Tech Sector? Inside Most-Hurt ETFs ).
The space was red hot this year with XLK returning over 15% on the year-to-date basis even after the sell-off. However, the journey halted on June 9 after Goldman Sachs Group Inc. analysts led by Robert Boroujerdi raised a red flag and indicated that "low volatility in select technology giants including Alphabet Inc., and Apple Inc. may be blinding investors to risks."
Added to this, Apple - one of the drivers of the latest tech rally - was downgraded by Mizuho Securities' Abhey Lamba. No wonder, all these warnings along with overvaluation concerns after an astounding rally will lead to a crash. (Read: Move Over FAANGs: China Tech Stocks and ETFs are the Hottest ).
But Does Tech Deserve This Level of Stampede?
As per Canaccord , Facebook, Amazon, Netflix and Google or FANG stocks "represent a large portion of the growth opportunities within large-cap tech, and six months ago all the valuations were quite reasonable." The renowned firm has agreed that valuations have spiked from what they were last three years ago. However, it's still reasonable given the historical standards, especially the phase of dotcom bubble.
Most importantly, out of 21 large-cap tech stocks with estimated organic sales growth for 2017 greater than 15%, four are FANGs. And if we move into 2018, just eight companies meet this criterion, according to Canaccord.
Plus, apart from the valuation issue, hardly anyone would disagree that a sound operating backdrop and fundamentals are tied with the tech sector. Even Goldman Sachs approved that FAAMG boasts lower valuations and better cash balances. Canaccord also expects FANGs to continue to capitalize on "digital advertising, digital video consumption, e-commerce and cloud services."
Stocks & ETFs to Buy on the Dip
We thus highlight a few tech stocks and ETFs below that can be bought on the dip. Most of these stocks and ETFs offer compelling valuations against the industry standards.
Stock Picks
Western Digital Corporation (NASDAQ: WDC- Free Report )
Western Digital Corp. manufactures and markets a broad line of hard drives based on leading-edge technology. The company's hard drives are designed for the desktop PC market and new video recording devices.
The Zacks Rank #1 (Strong Buy) stock has a forward P/E ratio of 11.4x compared with industry P/E of 14.5x. P/S ratio stands at 1.5x compared with industry P/S of 2.3x. The Zacks Industry Rank of this stock is in top 7% and Sector Rank is in top 38%. The stock has a VGM (Value-Growth-Momentum) score of ``A'.
Alphabet Inc. (NASDAQ: GOOGL- Free Report )
The company provides web-based search, advertisements, maps, software applications and mobile operating systems. The Zacks Rank #1 stock has a forward P/E ratio of 27.9x compared with industry P/E of 35.4x. P/S ratio stands at 7.1x compared with the industry P/S of 6.7x. The Zacks Industry Rank of this stock is in top 19%. The stock has a VGM (Value-Growth-Momentum) score of 'B'.
Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report )
Applied Optoelectronics manufactures advanced optical devices, packaged optical components and optical subsystems among other things. The Zacks Rank #1 stock has a forward P/E ratio of 14.4x compared with the industry P/E of 15.2x. P/S ratio stands at 4x compared with industry P/S of 3.7x. The Zacks Industry Rank of this stock is in top 40%. The stock has a VGM (Value-Growth-Momentum) score of 'B'.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on QQQ - FREE
Get the full Report on XLK - FREE
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NASDAQ-100 SHRS (QQQ): ETF Research Reports
SPDR-TECH SELS (XLK): ETF Research Reports
Western Digital Corporation (WDC): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include PowerShares QQQ Trust (NASDAQ: QQQ-Free Report ), Technology Select Sector SPDR Fund (NYSEARCA: XLK-Free Report ), Western Digital Corporation (NASDAQ: WDC- Free Report ), Alphabet Inc. (NASDAQ: GOOGL- Free Report ) and Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report ). Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report ) Applied Optoelectronics manufactures advanced optical devices, packaged optical components and optical subsystems among other things. Get the full Report on QQQ - FREE Get the full Report on XLK - FREE Get the full Report on WDC - FREE Get the full Report on GOOGL - FREE Get the full Report on AAOI - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Stocks recently featured in the blog include PowerShares QQQ Trust (NASDAQ: QQQ-Free Report ), Technology Select Sector SPDR Fund (NYSEARCA: XLK-Free Report ), Western Digital Corporation (NASDAQ: WDC- Free Report ), Alphabet Inc. (NASDAQ: GOOGL- Free Report ) and Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report ). Click to get this free report NASDAQ-100 SHRS (QQQ): ETF Research Reports SPDR-TECH SELS (XLK): ETF Research Reports Western Digital Corporation (WDC): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report ) Applied Optoelectronics manufactures advanced optical devices, packaged optical components and optical subsystems among other things.
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Stocks recently featured in the blog include PowerShares QQQ Trust (NASDAQ: QQQ-Free Report ), Technology Select Sector SPDR Fund (NYSEARCA: XLK-Free Report ), Western Digital Corporation (NASDAQ: WDC- Free Report ), Alphabet Inc. (NASDAQ: GOOGL- Free Report ) and Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report ). Get the full Report on QQQ - FREE Get the full Report on XLK - FREE Get the full Report on WDC - FREE Get the full Report on GOOGL - FREE Get the full Report on AAOI - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report NASDAQ-100 SHRS (QQQ): ETF Research Reports SPDR-TECH SELS (XLK): ETF Research Reports Western Digital Corporation (WDC): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report NASDAQ-100 SHRS (QQQ): ETF Research Reports SPDR-TECH SELS (XLK): ETF Research Reports Western Digital Corporation (WDC): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include PowerShares QQQ Trust (NASDAQ: QQQ-Free Report ), Technology Select Sector SPDR Fund (NYSEARCA: XLK-Free Report ), Western Digital Corporation (NASDAQ: WDC- Free Report ), Alphabet Inc. (NASDAQ: GOOGL- Free Report ) and Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report ). Applied Optoelectronics Inc. (NASDAQ: AAOI- Free Report ) Applied Optoelectronics manufactures advanced optical devices, packaged optical components and optical subsystems among other things.
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fc1b267c-c1de-4367-a7f8-583ce1704200
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9972.0
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2017-06-19 00:00:00 UTC
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What Falling Estimates & Price Mean for SecureWorks (SCWX)
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AAOI
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https://www.nasdaq.com/articles/what-falling-estimates-price-mean-for-secureworks-scwx-2017-06-19
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nan
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nan
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is SecureWorks Corp.SCWX , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in SCWX.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen two estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from a loss of 31 cents a share a month ago to its current level of loss of 43 cents.
Also, for the current quarter, SecureWorks has seen two downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to a loss of 11 cents a share from a loss of 7 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 11.41% in the past month.
SecureWorks Corp. Price and Consensus
SecureWorks Corp. Price and Consensus | SecureWorks Corp. Quote
So, it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long-time horizon to wait.
If you are still interested in the Computer and Technology sector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank stocks here .
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SecureWorks Corp. (SCWX): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you are still interested in the Computer and Technology sector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . Click to get this free report SecureWorks Corp. (SCWX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
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Click to get this free report SecureWorks Corp. (SCWX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Computer and Technology sector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . SecureWorks Corp. Price and Consensus SecureWorks Corp. Price and Consensus | SecureWorks Corp. Quote So, it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long-time horizon to wait.
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Click to get this free report SecureWorks Corp. (SCWX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Computer and Technology sector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . One such stock that you may want to consider dropping is SecureWorks Corp.SCWX , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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Click to get this free report SecureWorks Corp. (SCWX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Computer and Technology sector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
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131c266d-23d2-4854-9bce-1bf54808bf47
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9973.0
|
2017-06-16 00:00:00 UTC
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Broadcom (AVGO) Upgraded to Strong Buy on Impressive Q2
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AAOI
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https://www.nasdaq.com/articles/broadcom-avgo-upgraded-to-strong-buy-on-impressive-q2-2017-06-16
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nan
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nan
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On Jun 16, Broadcom LimitedAVGO was upgraded to Zacks Rank #1 (Strong Buy).
The upgrade can be attributed to impressive second-quarter fiscal 2017 results. Earnings (including stock-based compensation) were $3.31 per share in the reported quarter, beating the Zacks Consensus Estimate by 29 cents.
We note that Broadcom has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 6.73%.
Moreover, non-GAAP revenues from continuing operations were $4.201 billion, which increased 17.9% from the year-ago quarter and 1.3% on a sequential basis. The figure was better than management's guidance and also slightly better than the Zacks Consensus Estimate of $4.105 billion.
Broadcom Limited Revenue (TTM)
Broadcom Limited Revenue (TTM) | Broadcom Limited Quote
The robust performance drove current year estimates in the last 30 days. The Zacks Consensus Estimates for 2017 and 2018 increased 6.5% and 5.1% to $13.73 and $14.94, respectively.
We also note that Broadcom has outperformed the S&P 500 index on a year-to-date basis. While the stock returned 34.7%, the industry gained 9%.
Growth Catalysts
Broadcom continues to benefit from synergies it gained through the merger with Avago. The seasonal strength in broadband access products and sustained cloud data center spending is expected to drive top-line growth in the rest of fiscal 2017.
With one of the most diversified communications platforms in the industry, Broadcom remains well poised for healthy long-term growth. Over the next three to five years, the company's earnings are anticipated to increase at 13.60% rate.
We also believe that the company's divestiture of some of the Brocade's assets to ARRIS International and Extreme Networks will accelerate the acquisition process as well as lower leverage. The company's plan to acquire Brocade will aid it to further penetrate the FC SAN market and provide competitive edge in the long run.
Further, we note that Broadcom is one of the leading bidders for Toshiba's chip business. A stake will help the company to expand footprint in the rapidly growing NAND flash memory market, which is a key catalyst over the long term.
Other Key Picks
Applied Optoelectronics AAOI , Infineon IFNNY , and Western Digital WDC are other top-ranked stocks in the broader sector that sport the same rank as of Broadcom. You can see the complete list of today's Zacks #1 Rank stocks here .
The long-term earnings growth rate for Applied Optoelectronics, Infineon and Western Digital are pegged at 20%, 16.38% and 4.75%, respectively.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Western Digital Corporation (WDC): Free Stock Analysis Report
Infineon Technologies AG (IFNNY): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Key Picks Applied Optoelectronics AAOI , Infineon IFNNY , and Western Digital WDC are other top-ranked stocks in the broader sector that sport the same rank as of Broadcom. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Infineon Technologies AG (IFNNY): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The seasonal strength in broadband access products and sustained cloud data center spending is expected to drive top-line growth in the rest of fiscal 2017.
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Other Key Picks Applied Optoelectronics AAOI , Infineon IFNNY , and Western Digital WDC are other top-ranked stocks in the broader sector that sport the same rank as of Broadcom. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Infineon Technologies AG (IFNNY): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Broadcom Limited Revenue (TTM) Broadcom Limited Revenue (TTM) | Broadcom Limited Quote The robust performance drove current year estimates in the last 30 days.
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Other Key Picks Applied Optoelectronics AAOI , Infineon IFNNY , and Western Digital WDC are other top-ranked stocks in the broader sector that sport the same rank as of Broadcom. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Infineon Technologies AG (IFNNY): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Broadcom Limited Revenue (TTM) Broadcom Limited Revenue (TTM) | Broadcom Limited Quote The robust performance drove current year estimates in the last 30 days.
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Other Key Picks Applied Optoelectronics AAOI , Infineon IFNNY , and Western Digital WDC are other top-ranked stocks in the broader sector that sport the same rank as of Broadcom. Click to get this free report Western Digital Corporation (WDC): Free Stock Analysis Report Infineon Technologies AG (IFNNY): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. We note that Broadcom has outperformed the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 6.73%.
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9349fc14-d62c-4b33-af70-5ef6cef6250c
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9974.0
|
2017-06-16 00:00:00 UTC
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Stratasys (SSYS) Seals 3D Printing Deal with Boom Supersonic
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AAOI
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https://www.nasdaq.com/articles/stratasys-ssys-seals-3d-printing-deal-with-boom-supersonic-2017-06-16
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nan
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nan
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Stratasys Ltd.SSYS has been scaling newer heights across all its business segments. Over the last one year, the company has inked strategic partnerships, as well as rolled out diverse products, reflecting its solid fundamentals.
The 3D printing company recently entered into a new three-year technical partnership with Boom Supersonic Inc. The collaboration is aimed at introducing advanced 3D printing technologies to the supersonic aerospace industry. Per Stratasys, the two companies will jointly work on bringing "commercial airline industry one step closer towards routine supersonic travel."
Founded in 2014, Denver-based start-up, Boom Supersonic is building a civilian supersonic aircraft - XB-1 - that will be affordable to general people with fares equivalent to current business class. The aircraft will have a speed up to Mach 2.2. The company claims that with such a speed, its supersonic aircraft will cover destinations 2.6 times faster than any other aircraft in the market today.
Per the agreement, Boom Supersonic will leverage on Stratasys' 3D printing solutions, materials and expert services which will help it in improving the efficiency and cost of making production-grade aircraft parts based on the latter's FDM 3D printing technology.
More specifically, Boom Supersonic will use Stratasys' FDM Fortus 450mc and F370 3D printing platforms. Per Stratasys, "both [platforms] designed to produce on-demand parts leveraging production-grade thermoplastics, as well as advanced manufacturing tools that perform even under aviation's most challenging environments."
We believe the recent deal with Boom Supersonic is a strategic move by Stratasys to drive market penetration. The partnership spells opportunities for Stratasys' 3D printing business and will further strengthen its base.
Notably, Boom Supersonic is not the first company in the aviation industry which has made a deal to use Stratasys' 3D printing technologies to build its aircrafts. Stratasys' has collaborations with companies like SIA Engineering Company Limited and The Boeing Co. BA , both in the aviation space.
Apart from the aviation industry, Stratasys' 3D printing technologies are being used in other industries too. The company has partnerships with the likes of Schneider Electric, which operates in the energy sector, and Ford Motor Company F , which is in the automotive sector.
We believe that the company's portfolio of innovative products will help it over the long run to generate incremental sales.
Notably, Stratasys outperformed the Zacks categorized Computer-Peripheral Equipment industry in the year-to-date (YTD) period. The stock returned approximately 59.7% YTD, outperforming the industry's gain of 29.4%.
Stratasys has a Zacks Rank #3 (Hold). A better-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
The stock has witnessed upward estimate revisions in the last 60 days and has a long-term EPS growth rate of 20%.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Boeing Company (The) (BA): Free Stock Analysis Report
Ford Motor Company (F): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Stratasys, Ltd. (SSYS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. Per Stratasys, "both [platforms] designed to produce on-demand parts leveraging production-grade thermoplastics, as well as advanced manufacturing tools that perform even under aviation's most challenging environments."
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Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). Per the agreement, Boom Supersonic will leverage on Stratasys' 3D printing solutions, materials and expert services which will help it in improving the efficiency and cost of making production-grade aircraft parts based on the latter's FDM 3D printing technology.
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Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). Per the agreement, Boom Supersonic will leverage on Stratasys' 3D printing solutions, materials and expert services which will help it in improving the efficiency and cost of making production-grade aircraft parts based on the latter's FDM 3D printing technology.
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A better-ranked stock in the broader technology sector is Applied Optoelectronics Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy). Click to get this free report Boeing Company (The) (BA): Free Stock Analysis Report Ford Motor Company (F): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Stratasys, Ltd. (SSYS): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, Boom Supersonic is not the first company in the aviation industry which has made a deal to use Stratasys' 3D printing technologies to build its aircrafts.
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a335e5f3-c121-45b3-bc38-4a5427379d4c
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9975.0
|
2017-06-15 00:00:00 UTC
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Why Shares of Palo Alto Networks Jumped 13% in Last 15 Days?
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AAOI
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https://www.nasdaq.com/articles/why-shares-of-palo-alto-networks-jumped-13-in-last-15-days-2017-06-15
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nan
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nan
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It has been approximately 15 days since Palo Alto Networks Inc.PANW reported third-quarter fiscal 2017 results. Following the release, the stock has been on the rise.
To some investors, picking the stock may appear to be a no-brainer because right after an earnings release, a company is almost always on investors' radar. While better-than-expected results make the stock a good pick, lower-than-expected results dampen investors' spirit. So, the period following earnings releases is often marked by high market activity.
Shares Marching Higher
Palo Alto Networks reported its quarterly numbers on May 31 after the market closed, following which its shares have gained approximately 13%, so far. Notably, the stock has returned approximately 14.4% in the last three months, outperforming the Zacks categorized IT Security industry's gain of 9.7%.
The company reported decent fiscal third-quarter results, wherein its revenues and net income, both, improved significantly. Palo Alto Networks' revenues of $431.8 million surged 24.9% year over year and surpassed the Zacks Consensus Estimate of $413 million. Quarterly revenues came above the guided range of $406-$416 million, primarily due to new customer wins. Non-GAAP net income was $57.1 million compared with $42.3 million reported last year.
Furthermore, the company provided encouraging revenue guidance for fourth-quarter fiscal 2017. For the fiscal fourth quarter, Palo Alto Networks expects revenues in the range of $481-$491 million, up 20-23% year over year. The Zacks Consensus Estimate, at that time, was pegged at $484.4 million. The company projects non-GAAP earnings per share within 78-80 cents.
A strong quarterly result, along with an encouraging fiscal fourth quarter guidance helped in boosting investors' confidence about the company's future prospects.
Upward Estimate Revisions
In the last 30 days, the Zacks Consensus Estimate for fourth quarter and fiscal 2017 witnessed upward revisions. For the fiscal fourth quarter, the Zacks Consensus Estimate is currently pegged at loss of 20 cents, which is lower than loss of 27 cents projected 30 days ago. Similarly, the Zacks Consensus Estimate for fiscal 2017 is currently pegged at loss of $1.11 compared with loss of $1.26 projected 30 days ago.
Palo Alto Networks, Inc. Price
Palo Alto Networks, Inc. Price | Palo Alto Networks, Inc. Quote
Bottom Line
Palo Alto Networks is gaining customer accounts and increasing penetration of existing customers, thereby driving revenue growth. During the fiscal third quarter, the company added over 2,000 customers, bringing the total to approximately 39,500 worldwide, including over 86 of the Fortune 100 and more than 60% of the Global 2,000.
It is to be noted that in each of the last 21 quarters, Palo Alto has added at least 1,000 customers. The vast customer base presents the company an opportunity to upsell products within its installed user base. Any product revamp brings in additional dollars as enterprises attempt to keep their threat-management infrastructure updated. These factors, in turn, support the company's top line.
Revenue growth seems to be steady, aided by strength across all its geographical regions and business segments. Customer wins, along with expansion of the company's existing customer base are other positives. We believe that the company's product refreshes and acquisition synergies will bolster revenues, moving ahead.
Given that the company's long-term earnings per share growth rate is 24.6% and has a Growth Style Score of 'B', we believe that the stock still has much upside potential. Currently, Palo Alto Networks carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Fortinet Inc. FTNT and Guidance Software Inc. GUID . While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), Fortinet and Guidance Software carry a Zacks Rank #2 (Buy).You can see the complete list of today's Zacks #1 Rank stocks here .
The long-term expected earnings per share growth rates for Applied Optoelectronics, Fortinet and Guidance Software are 20.0%, 20.6% and 25.0%, respectively.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early.
See Zacks' Top 3 Stocks to Ride This Space >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Fortinet, Inc. (FTNT): Free Stock Analysis Report
Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report
Guidance Software, Inc. (GUID): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Fortinet Inc. FTNT and Guidance Software Inc. GUID . Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Guidance Software, Inc. (GUID): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. During the fiscal third quarter, the company added over 2,000 customers, bringing the total to approximately 39,500 worldwide, including over 86 of the Fortune 100 and more than 60% of the Global 2,000.
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Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Guidance Software, Inc. (GUID): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Fortinet Inc. FTNT and Guidance Software Inc. GUID . Palo Alto Networks, Inc. Price Palo Alto Networks, Inc. Price | Palo Alto Networks, Inc. Quote Bottom Line Palo Alto Networks is gaining customer accounts and increasing penetration of existing customers, thereby driving revenue growth.
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Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Guidance Software, Inc. (GUID): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Fortinet Inc. FTNT and Guidance Software Inc. GUID . Palo Alto Networks, Inc. Price Palo Alto Networks, Inc. Price | Palo Alto Networks, Inc. Quote Bottom Line Palo Alto Networks is gaining customer accounts and increasing penetration of existing customers, thereby driving revenue growth.
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Some better-ranked stocks in the broader technology sector are Applied Optoelectronics Inc. AAOI , Fortinet Inc. FTNT and Guidance Software Inc. GUID . Click to get this free report Fortinet, Inc. (FTNT): Free Stock Analysis Report Palo Alto Networks, Inc. (PANW): Free Stock Analysis Report Guidance Software, Inc. (GUID): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. It has been approximately 15 days since Palo Alto Networks Inc.PANW reported third-quarter fiscal 2017 results.
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6ba2d704-2239-40a7-a841-83a38a53ce81
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9976.0
|
2017-06-15 00:00:00 UTC
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Jabil Circuit (JBL) Q3 Earnings Miss Estimates, Revenues Beat
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AAOI
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https://www.nasdaq.com/articles/jabil-circuit-jbl-q3-earnings-miss-estimates-revenues-beat-2017-06-15
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nan
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nan
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Jabil Circuit Inc. JBL reported mixed third-quarter fiscal 2017 results wherein the bottom line missed the Zacks Consensus Estimate by a penny while the top line surpassed the same. Adjusted earnings (excluding all other one-time items but including stock-based compensation) of 21 cents per share lagged the Zacks Consensus Estimate of 22 cents. However, on a year-on-year basis earnings jumped over two-folds.
However, revenues of $4.49 billion outpaced the Zacks Consensus Estimate of $4.41 billion and were higher than the prior-year quarter's figure of $4.31 billion.
The company delivered approximately $114 million in core operating income resulting in core earnings per share of 31 cents. Core operating margin was 2.5%, representing a 50 basis points (bps) improvement year over year.
Following an improved year-over-year quarterly results, Jabil Circuit's shares gained 3.3% in the yesterday's afterhours trading session. Notably, shares of Jabil Circuit have outperformed the Zacks Electronics Manufacturing Services industry in the last one year. While the industry gained 38.6%, the stock appreciated 63.1%.
Operating Details
Gross margin contracted nearly 10 bps on a year-over-year basis to 7.3%.
The company's operating income decreased 27.2% year on year to $43.4 million.
Jabil Circuit, Inc. Price, Consensus and EPS Surprise
Jabil Circuit, Inc. Price, Consensus and EPS Surprise | Jabil Circuit, Inc. Quote
Balance Sheet & Cash Flow
The company exited the quarter with cash and cash equivalents of $743.9 million, compared with $912.1 million as of Aug 31, 2016.
Cash flow from operations for the first nine months of the year was $533 million compared with $488.2 million in the year-ago period.
Restructuring Program
The company continued with its plans to realign its global capacity and administrative support infrastructure so as to optimize organizational effectiveness amid a sluggish macroeconomic scenario. The company is progressing with efforts to improve organizational efficiency and effectiveness as planned. The company incurred approximately $31 million of restructuring charges in the third quarter with approximately $110 million in charges year to date.
Guidance
The company provided guidance for fourth-quarter fiscal 2017.
For the fourth quarter, Jabil expects total company revenue to increase 11% (at mid point) year on year and in the range of $4.7-$5.1 billion. Core operating income is estimated in the range of $165-$215 million.
Diversified Manufacturing Services revenues are forecasted to grow 26% year over year.
Electronics Manufacturing Services revenues are anticipated to improve moderately at 2% on a year-on-year basis.
On a GAAP basis, the company expects to report diluted earnings in a range of 13-48 cents per share. Meanwhile, the company is expected to post earnings in the range of 50-74 cents per share on a non-GAAP basis.
Currently, Jabil Circuit carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the broader tech space include Applied Optoelectronics, Inc. AAOI , Amkor Technology, Inc. AMKR and Broadcom Ltd. AVGO . Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy) while Amkor Technology and Broadcom carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Applied Optoelectronics has delivered an average positive earnings surprise of 118.33% in the trailing four quarters while Amkor Technology and Broadcom have delivered positive earnings surprises of 43.06% and 6.73%, respectively over the same time frame.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold... By last year, it was already generating $8 billion in global revenues.
By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Broadcom Limited (AVGO): Free Stock Analysis Report
Amkor Technology, Inc. (AMKR): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Jabil Circuit, Inc. (JBL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Better-ranked stocks in the broader tech space include Applied Optoelectronics, Inc. AAOI , Amkor Technology, Inc. AMKR and Broadcom Ltd. AVGO . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Jabil Circuit, Inc. (JBL): Free Stock Analysis Report To read this article on Zacks.com click here. Following an improved year-over-year quarterly results, Jabil Circuit's shares gained 3.3% in the yesterday's afterhours trading session.
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Stocks to Consider Better-ranked stocks in the broader tech space include Applied Optoelectronics, Inc. AAOI , Amkor Technology, Inc. AMKR and Broadcom Ltd. AVGO . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Jabil Circuit, Inc. (JBL): Free Stock Analysis Report To read this article on Zacks.com click here. Jabil Circuit, Inc. Price, Consensus and EPS Surprise Jabil Circuit, Inc. Price, Consensus and EPS Surprise | Jabil Circuit, Inc. Quote Balance Sheet & Cash Flow The company exited the quarter with cash and cash equivalents of $743.9 million, compared with $912.1 million as of Aug 31, 2016.
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Jabil Circuit, Inc. (JBL): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Better-ranked stocks in the broader tech space include Applied Optoelectronics, Inc. AAOI , Amkor Technology, Inc. AMKR and Broadcom Ltd. AVGO . Jabil Circuit, Inc. Price, Consensus and EPS Surprise Jabil Circuit, Inc. Price, Consensus and EPS Surprise | Jabil Circuit, Inc. Quote Balance Sheet & Cash Flow The company exited the quarter with cash and cash equivalents of $743.9 million, compared with $912.1 million as of Aug 31, 2016.
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Stocks to Consider Better-ranked stocks in the broader tech space include Applied Optoelectronics, Inc. AAOI , Amkor Technology, Inc. AMKR and Broadcom Ltd. AVGO . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Jabil Circuit, Inc. (JBL): Free Stock Analysis Report To read this article on Zacks.com click here. The company delivered approximately $114 million in core operating income resulting in core earnings per share of 31 cents.
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5befcb7d-8a6b-4b82-9313-687b0ce2a684
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9977.0
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2017-06-13 00:00:00 UTC
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Fujifilm (FUJIY) Beats on Earnings, Misses Revenues in Q4
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AAOI
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https://www.nasdaq.com/articles/fujifilm-fujiy-beats-on-earnings-misses-revenues-in-q4-2017-06-13
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nan
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nan
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Premium photographic image-product company, Fujifilm Holdings CorporationFUJIY reported mixed results for fourth-quarter fiscal 2017 (ended Mar 31, 2017).
Inside the Headlines
Net income for the quarter was ¥52.3 billion ($460.5 million), remarkably up 51.7% year over year. Quarterly earnings per American Depositary Receipt ("ADR") came in at $1.08, surging 45.9% year over year. The bottom line also surpassed the Zacks Consensus Estimate of 57 cents.
Net income for fiscal 2017 came in at ¥131.5 billion ($1214.3 million) , up 18% year over year.
Under the guidelines of the VISION 2016 plan (Apr 1, 2014 to Mar 31, 2017), Fujifilm has sucessfully boosted its profitability on the back of three major pillars - efficient management, expansion of international operations and launch of businesses.
Revenues
In the quarter, revenues edged down 0.9% year over year to ¥629.9 billion ($5,544.9 million). In addition, the top line missed the Zacks Consensus Estimate of $6,041 million.
Revenues from the Imaging Solutions segment - 13.4% of the total revenue - came in at roughly ¥85 billion ($747.9 million). The Information Solutions segment's revenue was ¥257.4 billion ($2,265.5 million), representing 40.8% of the total revenue, while the Document Solutions segment generated ¥290.8 billion ($2,560.2 million), accounting for 45.8% of the total revenue.
Of the total revenue, domestic revenues accounted for 43.1%, while international revenues made up the remaining 56.9%.
Revenues for fiscal 2017 came in at ¥2,322.2 billion, down 5.6% year over year.
Costs/Margins
Gross margin in the fiscal fourth quarter was 39.4%, up 130 basis points (bps) year over year. Selling, general and administrative (SG&A) and R&D expenses were ¥193 billion ($1,699 million) or 30.6% of the total revenue.
Gross margin for fiscal 2017 came in at 40.1%, expanding 80 bps year over year.
Balance Sheet
Fujifilm exited the fiscal fourth quarter with cash and cash equivalents of roughly ¥876 billion ($7,870.2 million), up 45.8% from the figure recorded as of Mar 31, 2016. The company's long-term debt came in at ¥434.8 billion ($3,906.9 million), up 40.1% from the figure recorded at the end of fiscal 2016.
Cash Flow
In fiscal 2017, Fujifilm's net cash from operating activities totaled ¥288.6 billion ($2,665 million), while its capital expenditure was ¥74.6 billion ($689.3 million).
Outlook
The company expects a 5.9% year-over-year rise in revenues to ¥2,460 billion in fiscal 2018. Operating income is projected at ¥185 billion, reflecting 7.4% growth from fiscal 2017. However, net income for fiscal 2018 is estimated to be down 4.9% year over year to ¥125 billion. This will result in earnings per share of ¥285.55.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Applied Optoelectronics, Inc. AAOI generated an outstanding average positive earnings surprise of 118.33% over the trailing four quarters and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Agilent Technologies, Inc. A has an average positive earnings surprise of 11.68% for the last four quarters and carries a Zacks Rank #2 (Buy), at present.
Axcelis Technologies, Inc. ACLS also holds a Zacks Rank #2 and has an impressive average positive earnings surprise of 135.78% for the past four quarters.
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Fujifilm Holdings Corp. (FUJIY): Free Stock Analysis Report
Agilent Technologies, Inc. (A): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI generated an outstanding average positive earnings surprise of 118.33% over the trailing four quarters and currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Fujifilm Holdings Corp. (FUJIY): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Premium photographic image-product company, Fujifilm Holdings CorporationFUJIY reported mixed results for fourth-quarter fiscal 2017 (ended Mar 31, 2017).
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI generated an outstanding average positive earnings surprise of 118.33% over the trailing four quarters and currently sports a Zacks Rank #1 (Strong Buy). Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Fujifilm Holdings Corp. (FUJIY): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. The Information Solutions segment's revenue was ¥257.4 billion ($2,265.5 million), representing 40.8% of the total revenue, while the Document Solutions segment generated ¥290.8 billion ($2,560.2 million), accounting for 45.8% of the total revenue.
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Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Fujifilm Holdings Corp. (FUJIY): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI generated an outstanding average positive earnings surprise of 118.33% over the trailing four quarters and currently sports a Zacks Rank #1 (Strong Buy). Revenues In the quarter, revenues edged down 0.9% year over year to ¥629.9 billion ($5,544.9 million).
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Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Fujifilm Holdings Corp. (FUJIY): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI generated an outstanding average positive earnings surprise of 118.33% over the trailing four quarters and currently sports a Zacks Rank #1 (Strong Buy). Operating income is projected at ¥185 billion, reflecting 7.4% growth from fiscal 2017.
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614009bd-3012-41a4-97a5-982fefdd205b
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9978.0
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2017-06-13 00:00:00 UTC
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Science Applications (SAIC) Q1 Earnings Beat, Revenues Miss
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AAOI
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https://www.nasdaq.com/articles/science-applications-saic-q1-earnings-beat-revenues-miss-2017-06-13
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nan
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nan
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Science Applications International Corp.SAIC reported first-quarter fiscal 2018 adjusted earnings of $1.08 per share, which increased 35% from the year-ago quarter and also beat the Zacks Consensus Estimate by 8 cents.
However, revenues decreased 9% from the year-ago quarter to $1.10 billion and missed the Zacks Consensus Estimate of $1.11 billion.
Shares decreased almost 10.07% in pre-maket trading, following the earnings announcement on Jun 12.
We note the shares have massively underperformed the Zacks IT Services Industry on a year-to-date basis. While the stock lost 8.4%, the industry gained 11.3% over the same time frame.
Quarter in Details
Per management, one of the reasons for declining revenues was an additional week in the prior-year quarter. Revenues contracted 2% when the numbers of that week were adjusted.
Customer budget constraints and contract losses were two other reasons cited for the not-so-impressive performance. However, the negatives were partially offset by platform integration programs yielding higher revenues and a new information technology contract supporting the U.S. Army.
Net bookings for the quarter were approximately $1.3 billion, which reflects a book-to-bill ratio of approximately 1.2 in the quarter. During the quarter, the company won contracts from the U.S. Environmental Protection Agency, U.S. Intelligence Community, U.S. Navy - Space and Naval Warfare Systems Center Atlantic and NASA GSFC Omnibus Multidisciplinary Engineering Services.
The estimated value of proposals submitted by the company is approximately $13.2 billion, down from $2.3 billion from the last quarter.
Adjusted EBITDA declined 15.1% year over year to $73 million. EBITDA margin contracted 50 basis points (bps) on a year-over-year basis to 6.6%.
Adjusted operating income margin contracted 30 bps to 5.7% in the reported quarter. However, including acquisition and integration costs in the year-ago quarter, reported operating margin expanded 30 bps, reflecting benefits from cost savings initiatives.
Balance Sheet & Cash Flow
Science Applications ended the quarter with cash and cash equivalents of $207 million.
Total debt was over $1 billion, which equates to a leverage ratio of approximately three times debt-to-adjusted EBITDA at the end of the reported quarter.
Operating cash flow was $88 million and free cash flow was $84 million compared with $62 million and $58 million in the prior quarter, respectively. The company spent $52 million in cash dividends and for repurchasing shares and repaid $9 million of debt in the quarter.
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
Price, Consensus and EPS Surprise
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Price, Consensus and EPS Surprise | SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Quote
Outlook
Management expects EBITDA margin to be 10 bps lower than the year-ago quarter, impacted by platform integration programs.
The company expects fiscal 2018 revenue run rate to be almost in line with fiscal 2017.
The company positively revised free cash flow estimates for fiscal 2018 to $240 million, primarily based on excess tax benefits on stock-based compensation.
Science Applications expects to pay dividends worth $55 million and make total debt repayments of approximately $25 million. The remainder of the cash in excess of $150 million will be used to buy back shares and for acquisition purposes.
Zacks Rank & Stocks to Consider
Currently, Science Applications has a Zacks Rank #3 (Hold).
Better-ranked stocks in the broader sector include Applied Optoelectronics, Inc. AAOI , DST Systems DST and Dassault Systemes DASTY . While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), DST Systems and Dassault Systemes carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Long-term earnings growth rates for Applied Optoelectronics, DST and Dassault is currently projected to be 20%, 10% and 11.9%, respectively.
Zacks '2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth.
Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DST Systems, Inc. (DST): Free Stock Analysis Report
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report
Dassault Systemes SA (DASTY): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Better-ranked stocks in the broader sector include Applied Optoelectronics, Inc. AAOI , DST Systems DST and Dassault Systemes DASTY . Click to get this free report DST Systems, Inc. (DST): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dassault Systemes SA (DASTY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Science Applications International Corp.SAIC reported first-quarter fiscal 2018 adjusted earnings of $1.08 per share, which increased 35% from the year-ago quarter and also beat the Zacks Consensus Estimate by 8 cents.
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Click to get this free report DST Systems, Inc. (DST): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dassault Systemes SA (DASTY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the broader sector include Applied Optoelectronics, Inc. AAOI , DST Systems DST and Dassault Systemes DASTY . However, including acquisition and integration costs in the year-ago quarter, reported operating margin expanded 30 bps, reflecting benefits from cost savings initiatives.
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Click to get this free report DST Systems, Inc. (DST): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dassault Systemes SA (DASTY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the broader sector include Applied Optoelectronics, Inc. AAOI , DST Systems DST and Dassault Systemes DASTY . Operating cash flow was $88 million and free cash flow was $84 million compared with $62 million and $58 million in the prior quarter, respectively.
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Click to get this free report DST Systems, Inc. (DST): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dassault Systemes SA (DASTY): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Better-ranked stocks in the broader sector include Applied Optoelectronics, Inc. AAOI , DST Systems DST and Dassault Systemes DASTY . However, revenues decreased 9% from the year-ago quarter to $1.10 billion and missed the Zacks Consensus Estimate of $1.11 billion.
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711f91e4-fab9-4a3c-a813-45f986efe776
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9979.0
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2017-06-13 00:00:00 UTC
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Market DeFANGed?
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AAOI
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https://www.nasdaq.com/articles/market-defanged-2017-06-13
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nan
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nan
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The weekend didn't soothe the market's tech troubles, as the major indices started the week in the red with the NASDAQ, unsurprisingly, taking the worst pounding. The once seemingly untouchable FANGs (Facebook, Amazon, Netflix and Google parent Alphabet) are acting more like normal stocks these days as they were all lower again on Monday. And it doesn't help when other technology powerhouses like Apple get downgraded.
The major indices managed a bit of comeback in the last hour or so, but were unable to get above breakeven. The S&P was down 0.10% to 2429.4 and the Dow declined 0.17% to 21,235.7. But most eyes were on the tech-heavy NASDAQ, which was off by 0.52% to 6175.5 (far better than the nearly 2% loss on Friday).
But the editors are not very worried by this "tech wreck", which could only mean one thing: Buying Opportunity! "Many times we have seen these sharp moves lower, only to be bought up in the days afterward, so investors have no need to panic," said Jeremy in Counterstrike . The portfolios surely aren't panicking...instead, they're adding positions. The week started with a very active session from the editors. Take a look at their moves in the highlights section below:
Today's Portfolio Highlights:
Reitmeister Trading Alert: What the portfolio needs right now is a large cap that can provide some needed balance against the many other Risk On positions. So Steve added Masco (MAS) on Monday, which also gives RTA exposure to the still improving housing market. The editor likes its steady earnings growth, continued strong outlook and that its diversified portfolio protects from weakness in any one area. He expects MAS to move past $40 later this year. The complete commentary has more.
Zacks Counterstrike: One of the portfolio's favorite setups is the Fibonacci long, which Red Robin Gourmet Burgers (RRGB) has fallen into after a solid quarterly report. The casual dining chain beat the Zacks Consensus Estimate by 53% last month and guided fiscal 2017 higher. Jeremy sees a lot of potential for growth with RRGB since it only operates in 18 states. More good news could send this heavily-shorted name sharply higher, so the editor decided to front run the 50-day moving average with a 13% allocation. The complete commentary has more on this new buy and a look at its chart. By the way, Counterstrike also sold Quaker Chemical (KWR) today for a 6.4% return.
Momentum Trader: Regardless of how long this "tech wreck" continues, gold prices seem destined to move higher due to the USD/JPY weakness. Eventually, Dave believes that the Yen strength will boost gold prices through $1,300 to new highs. The editor took advantage by buying a 12.5% allocation in Agnico Eagle Mines (AEM), which pushed higher recently after a big beat last quarter. Earnings estimates are also on the rise. Get a breakdown of AEM's chart in the full writeup.
Black Box Trader:RTA wasn't the only portfolio to add Masco (MAS) on Monday. The stock was also part of the four swaps in this week's adjustment of BBT. The positions sold from the portfolio today included:
• Aramark Holdings (ARMK, +7.9%)
• Sprouts Farmers Markets (SFM, +5.6%)
• Performance Food Group (PFGC) and
• Restoration Hardware (RH)
The four new stocks that were bought today to replace these names are:
• Masco (MAS)
• Caterpillar (CAT)
• Cummins (CMI) and
• Deere & Co. (DE)
Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing.
Zacks Confidential: As far as this bull market is concerned, good things come in BIG packages. Actually, they come in MEGA packages! Usually, the smaller/riskier names are at the front of a bull market, but that hasn't been the case for the past several years. Eric Dutram thinks these mega-caps will continue to lead the way, and Steve gives him the opportunity to explain in this week's Zacks Confidential . Learn why the big guys are outperforming and get three ETF recommendations by clicking: Why Mega Caps Will Continue to Dominate
TAZR Trader: Kevin used this tech pullback to add a 7% allocation in Applied Materials (AMAT), a top chip equipment provider that's been a steady engine in a sky of high flyers. If the stock were to fall further to under $42, then the editor would be willing to add even more. Learn more about this new addition, and find out why Kevin has put Applied Optoelectronics (AAOI) "on watch."
Home Run Investor: A big part of Dave would love to go on a technology spending spree right now, but he already has a lot of exposure to the space. So he only added a position in Control4 (CTRL) on Monday, which provides home automation and should be a big beneficiary as the Internet-of-things continues to go mainstream. It has put together three straight quarters of positive surprises. CTRL has pulled back a little bit during this tech wreck, but the editor expects it to be at new highs shortly. Learn more about this new addition and get ready to see even more action in Home Run in the days ahead.
Options Trader:"Big tech did seemingly get ahead of itself.
"Is it over?
"Hardly.
"But those Johnny-come-lately's into that space will probably remain underwater for a time. And not every name will break back thru the surface. But the best names will likely be back to their winning ways in time. And those looking for bargains should be grinning from ear to ear." -- Kevin Matras
Until Tomorrow
Jim Giaquinto
Recommendations from Zacks' Private Portfolios:
Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Learn more about this new addition, and find out why Kevin has put Applied Optoelectronics (AAOI) "on watch." The weekend didn't soothe the market's tech troubles, as the major indices started the week in the red with the NASDAQ, unsurprisingly, taking the worst pounding. The positions sold from the portfolio today included: • Aramark Holdings (ARMK, +7.9%) • Sprouts Farmers Markets (SFM, +5.6%) • Performance Food Group (PFGC) and • Restoration Hardware (RH) The four new stocks that were bought today to replace these names are: • Masco (MAS) • Caterpillar (CAT) • Cummins (CMI) and • Deere & Co. (DE) Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing.
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Learn more about this new addition, and find out why Kevin has put Applied Optoelectronics (AAOI) "on watch." Momentum Trader: Regardless of how long this "tech wreck" continues, gold prices seem destined to move higher due to the USD/JPY weakness. Black Box Trader:RTA wasn't the only portfolio to add Masco (MAS) on Monday.
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Learn more about this new addition, and find out why Kevin has put Applied Optoelectronics (AAOI) "on watch." The positions sold from the portfolio today included: • Aramark Holdings (ARMK, +7.9%) • Sprouts Farmers Markets (SFM, +5.6%) • Performance Food Group (PFGC) and • Restoration Hardware (RH) The four new stocks that were bought today to replace these names are: • Masco (MAS) • Caterpillar (CAT) • Cummins (CMI) and • Deere & Co. (DE) Read the Black Box Trader's Guide to learn more about this computer-driven service designed to take the emotion out of investing. Learn why the big guys are outperforming and get three ETF recommendations by clicking: Why Mega Caps Will Continue to Dominate TAZR Trader: Kevin used this tech pullback to add a 7% allocation in Applied Materials (AMAT), a top chip equipment provider that's been a steady engine in a sky of high flyers.
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Learn more about this new addition, and find out why Kevin has put Applied Optoelectronics (AAOI) "on watch." Momentum Trader: Regardless of how long this "tech wreck" continues, gold prices seem destined to move higher due to the USD/JPY weakness. CTRL has pulled back a little bit during this tech wreck, but the editor expects it to be at new highs shortly.
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9e772ae2-2204-41b8-9dea-fad79b544049
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9980.0
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2017-06-12 00:00:00 UTC
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Top Ranked Momentum Stocks to Buy for June 12th
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AAOI
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https://www.nasdaq.com/articles/top-ranked-momentum-stocks-to-buy-for-june-12th-2017-06-12
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nan
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nan
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Here are four stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, June 12 th :
Chemours Company (CC) : This chemical company has witnessed the Zacks Consensus Estimate for its current year earnings jumping 38.1% over the last 60 days.
Chemours Company (The) Price and Consensus
Chemours Company (The) Price and Consensus | Chemours Company (The) Quote
Chemours' shares gained 21.6% over the last three months higher. The company possesses a Momentum Score of B.
Chemours Company (The) Price
Chemours Company (The) Price | Chemours Company (The) Quote
Applied Materials, Inc. (AMAT) : This technology company has witnessed the Zacks Consensus Estimate for its current year earnings rising 13.2% over the last 60 days.
Applied Materials, Inc. Price and Consensus
Applied Materials, Inc. Price and Consensus | Applied Materials, Inc. Quote
Applied Materials' shares gained 17.4% over the last three months. The company possesses a Momentum Score of B.
Applied Materials, Inc. Price
Applied Materials, Inc. Price | Applied Materials, Inc. Quote
Best Buy Co., Inc. (BBY) : This retailer has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days.
Best Buy Co., Inc. Price and Consensus
Best Buy Co., Inc. Price and Consensus | Best Buy Co., Inc. Quote
Best Buy's shares gained 29.8% over the last three months. The company possesses a Momentum Score of A.
Best Buy Co., Inc. Price
Best Buy Co., Inc. Price | Best Buy Co., Inc. Quote
Applied Optoelectronics, Inc. (AAOI) : This manufacturer and designer of optical devices has seen the Zacks Consensus Estimate for its current year earnings climbing 76.4% over the last 60 days.
Applied Optoelectronics, Inc. Price and Consensus
Applied Optoelectronics, Inc. Price and Consensus | Applied Optoelectronics, Inc. Quote
Applied Optoelectronics' shares increased 0.8% over the past one month. The company possesses a Momentum Score of B.
Applied Optoelectronics, Inc. Price
Applied Optoelectronics, Inc. Price | Applied Optoelectronics, Inc. Quote
See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here
Zacks' 2017 IPO Watch List
Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time.
One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chemours Company (The) (CC): Free Stock Analysis Report
Best Buy Co., Inc. (BBY): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Best Buy Co., Inc. Price Best Buy Co., Inc. Price | Best Buy Co., Inc. Quote Applied Optoelectronics, Inc. (AAOI) : This manufacturer and designer of optical devices has seen the Zacks Consensus Estimate for its current year earnings climbing 76.4% over the last 60 days. Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Here are four stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, June 12 th : Chemours Company (CC) : This chemical company has witnessed the Zacks Consensus Estimate for its current year earnings jumping 38.1% over the last 60 days.
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Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy Co., Inc. Price Best Buy Co., Inc. Price | Best Buy Co., Inc. Quote Applied Optoelectronics, Inc. (AAOI) : This manufacturer and designer of optical devices has seen the Zacks Consensus Estimate for its current year earnings climbing 76.4% over the last 60 days. The company possesses a Momentum Score of B. Chemours Company (The) Price Chemours Company (The) Price | Chemours Company (The) Quote Applied Materials, Inc. (AMAT) : This technology company has witnessed the Zacks Consensus Estimate for its current year earnings rising 13.2% over the last 60 days.
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Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy Co., Inc. Price Best Buy Co., Inc. Price | Best Buy Co., Inc. Quote Applied Optoelectronics, Inc. (AAOI) : This manufacturer and designer of optical devices has seen the Zacks Consensus Estimate for its current year earnings climbing 76.4% over the last 60 days. The company possesses a Momentum Score of B. Chemours Company (The) Price Chemours Company (The) Price | Chemours Company (The) Quote Applied Materials, Inc. (AMAT) : This technology company has witnessed the Zacks Consensus Estimate for its current year earnings rising 13.2% over the last 60 days.
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Click to get this free report Chemours Company (The) (CC): Free Stock Analysis Report Best Buy Co., Inc. (BBY): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Best Buy Co., Inc. Price Best Buy Co., Inc. Price | Best Buy Co., Inc. Quote Applied Optoelectronics, Inc. (AAOI) : This manufacturer and designer of optical devices has seen the Zacks Consensus Estimate for its current year earnings climbing 76.4% over the last 60 days. Here are four stocks with Zacks Rank #1 (Strong Buy) and strong momentum characteristics for investors to consider today, June 12 th : Chemours Company (CC) : This chemical company has witnessed the Zacks Consensus Estimate for its current year earnings jumping 38.1% over the last 60 days.
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d369575d-2276-4e35-8f18-5fa86f0ad668
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9981.0
|
2017-06-12 00:00:00 UTC
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Microsoft (MSFT) Xbox One X to Hit the Market in November
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AAOI
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https://www.nasdaq.com/articles/microsoft-msft-xbox-one-x-to-hit-the-market-in-november-2017-06-12
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nan
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nan
|
Microsoft Corp.MSFT recently announced the launch of its new gaming console called Xbox One X. The product, which was first talked about at the Electronic Entertainment Expo (E3) last year, will be available in the market from Nov 7, 2017. It was referred to as Project Scorpio back then.
Unique Features to Boost Competitiveness
The console's unique selling point (USP) is the fact that it will be able to run the previous versions of Xbox games. Another impressive attribute is its 4K feature, which offers a high screen resolution and hence enhanced visual aspects. Thus, Xbox One X will be backward compatible with Xbox One and Xbox One S titles, playing those at native 4K at full 60 frames-per-second. This is likely to make it even more attractive.
Also, Xbox One X has 6 teraflops of graphical power compared with 4.2 teraflops of Sony's SNE PlayStation 4 (PS4). The new version of Xbox will have a bandwidth of 326 GB/second, beating the 218 GB/second of PS4.
It will contain a vapor chamber for liquid cooling, meant for high graded PC graphics cards or server computers. Apart from this, the other improved features include 1TB of storage space, 12 GB of GDRR5 RAM and eight custom x86 cores clocked at 2.3GHz CPU.
These specifications are anticipated to give Xbox One X a competitive edge against Sony's PS4 Pro, which will further boost the performance of Microsoft, which has outperformed the S&P 500 on a year-to-date basis. While the index gained 10%, the stock returned 14.5% over the same time frame.
Microsoft's Performance in the Gaming Market
Microsoft's performance in the gaming segment wasn't quite impressive in 2016. Per a recent report by Venturebeat, Sony's market share in the console hardware market almost doubled that of Microsoft's 26% at the end of 2016.
In the third quarter of fiscal 2017, the scenario improved a bit. Gaming revenues for Microsoft increased 6% year-on-year at constant currency. Xbox Live monthly active users were up 13% to 52 million active users. We expect gaming revenues to improve further in fiscal 2018, post the shipment of the console.
Microsoft Corporation Revenue (TTM)
Microsoft Corporation Revenue (TTM) | Microsoft Corporation Quote
The new console will also help the company gain momentum against Sony as well as other industry peers like Nintendo NTDOY . The improved technical features, which will eventually lead to higher resolution and faster loading of the games, are likely to add to its customer base.
Zacks Rank and Key Pick
Microsoft currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Long-term earnings growth rate of Applied Optoelectronics is projected to be 20%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sony Corp Ord (SNE): Free Stock Analysis Report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Nintendo Co. (NTDOY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Sony Corp Ord (SNE): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Nintendo Co. (NTDOY): Free Stock Analysis Report To read this article on Zacks.com click here. These specifications are anticipated to give Xbox One X a competitive edge against Sony's PS4 Pro, which will further boost the performance of Microsoft, which has outperformed the S&P 500 on a year-to-date basis.
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Click to get this free report Sony Corp Ord (SNE): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Nintendo Co. (NTDOY): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Microsoft Corporation Revenue (TTM) Microsoft Corporation Revenue (TTM) | Microsoft Corporation Quote The new console will also help the company gain momentum against Sony as well as other industry peers like Nintendo NTDOY .
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Click to get this free report Sony Corp Ord (SNE): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Nintendo Co. (NTDOY): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Microsoft's Performance in the Gaming Market Microsoft's performance in the gaming segment wasn't quite impressive in 2016.
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A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Sony Corp Ord (SNE): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Nintendo Co. (NTDOY): Free Stock Analysis Report To read this article on Zacks.com click here. Microsoft Corp.MSFT recently announced the launch of its new gaming console called Xbox One X.
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09265996-d7fe-4daf-a586-9ffa156e83bc
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9982.0
|
2017-06-09 00:00:00 UTC
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Microchip (MCHP) Hits New 52-Week High on Raised Guidance
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AAOI
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https://www.nasdaq.com/articles/microchip-mchp-hits-new-52-week-high-on-raised-guidance-2017-06-09
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nan
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nan
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Share price of Microchip Technology Inc.MCHP rallied to a new 52-week high of $86.88, eventually closing a tad bit lower at $86.86 on Jun 8.
The share price increase can be attributed to impressive fourth-quarter fiscal 2017 results and improved first-quarter fiscal 2018 guidance. Including stock-based compensation, the company reported earnings of $1.10 per share in the last quarter, which beat the Zacks Consensus Estimate by 11 cents.
Moreover, the company recently revised sales and earnings guidance for the first quarter of fiscal 2018. The company now forecasts non-GAAP net sales to be up in the range of 4.5-6% (mid-point at 5.25%) compared with the earlier guidance of 2-7% up (mid-point at 4.5%) on a sequential basis. Net sales are anticipated to increase 12.6% from the year-ago quarter.
Non-GAAP earnings are now expected to be in the range of $1.22-$1.26 per share, compared with the previous guided range of $1.17-$1.27 per share.
We note that Microchip has outperformed the S&P 500 market on a year-to-date basis. While the index gained 10.3%, the stock returned 35.8% over the same period.
Currently, Microchip has a Zacks Rank #2 (Buy). The stock has a market capital of $19.9 billion.
Key Factors
As evident from its fourth-quarter fiscal 2017 results, Microchip is benefiting from the addition of Atmel's product portfolio, which it acquired in Apr 2016.
The microcontroller business (64.3% of revenues) has helped the company gain momentum. The launch of innovative products and frequent updates in its existing portfolio drive growth.
We believe that recently launched products like the PIC32MZ DA microcontroller (MCU) family and the PIC16F19197 family (low power MCUs) will increase customer base. The newly added Wi-Fi Software Development Kit (SDK) with Apple HomeKit support further expands its product portfolio. All these provide a competitive edge to the company.
Microchip Technology Incorporated Revenue (TTM)
Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote
Positive Estimate Revisions
The Zacks Consensus Estimate for fiscal 2018 has increased 8.4% to $4.6 over the last 30 days. The estimate for fiscal 2019 increased 10.5% to $4.93 over the same period of time.
Other Stocks to Consider
A few notable stocks in the broader technology space are Applied Materials, Inc. AMAT , Applied Optoelectronics, Inc. AAOI and AppFolio, Inc. APPF . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 stocks here.
Long-term earnings growth rates for Applied Materials, Applied Optoelectronics and AppFolio are currently projected to be 16.58%, 20% and 30%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >> Sources:
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AppFolio, Inc. (APPF): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Microchip Technology Incorporated (MCHP): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider A few notable stocks in the broader technology space are Applied Materials, Inc. AMAT , Applied Optoelectronics, Inc. AAOI and AppFolio, Inc. APPF . Click to get this free report AppFolio, Inc. (APPF): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Including stock-based compensation, the company reported earnings of $1.10 per share in the last quarter, which beat the Zacks Consensus Estimate by 11 cents.
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Other Stocks to Consider A few notable stocks in the broader technology space are Applied Materials, Inc. AMAT , Applied Optoelectronics, Inc. AAOI and AppFolio, Inc. APPF . Click to get this free report AppFolio, Inc. (APPF): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Microchip Technology Incorporated Revenue (TTM) Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote Positive Estimate Revisions The Zacks Consensus Estimate for fiscal 2018 has increased 8.4% to $4.6 over the last 30 days.
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Other Stocks to Consider A few notable stocks in the broader technology space are Applied Materials, Inc. AMAT , Applied Optoelectronics, Inc. AAOI and AppFolio, Inc. APPF . Click to get this free report AppFolio, Inc. (APPF): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Microchip Technology Incorporated Revenue (TTM) Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote Positive Estimate Revisions The Zacks Consensus Estimate for fiscal 2018 has increased 8.4% to $4.6 over the last 30 days.
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Click to get this free report AppFolio, Inc. (APPF): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider A few notable stocks in the broader technology space are Applied Materials, Inc. AMAT , Applied Optoelectronics, Inc. AAOI and AppFolio, Inc. APPF . The launch of innovative products and frequent updates in its existing portfolio drive growth.
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5548f393-0067-4fe3-9c5f-4d90e8b8e8b4
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9983.0
|
2017-06-09 00:00:00 UTC
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Is the Time Ripe to Build Position in Marvell Technology?
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AAOI
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https://www.nasdaq.com/articles/is-the-time-ripe-to-build-position-in-marvell-technology-2017-06-09
|
nan
|
nan
|
A successful portfolio manager understands the importance of adding well performing stocks at the right time. Indicators of a stock's bullish run include a rise in its share price and strong fundamentals.
Below we have evaluated one technology company that has demonstrated remarkable share price performance so far this year. Marvell Technology Group Ltd.MRVL generated high returns for investors in the last one year and has the potential to exceed expectations in the days ahead.
The stock gained approximately 81.7%, outperforming the Zacks categorized Semiconductor-Communications industry's return of 73.3%.
What's Driving the Stock?
Marvell is a promising player in the solid state drive (SSD) controllers market. Over the coming years, it expects an increasing number of PCs/servers to use flash-based solid state technology for storage. The storage market is seeing a steady increase in demand, given fast growing data volume, especially the exponential growth in unstructured data. NAND (non-volatile storage technology) demand is likely to remain robust this year as well.
SSD demand will also increase and could even surpass manufacturing capacity, leading to periodic shortage and higher pricing in the near term. Marvell is benefiting from growing demand for SSD products. This is evident from the company's first-quarter fiscal 2018 revenues from the storage end market, which accounted for majority of total revenues.
Furthermore, we believe that the strong demand for Marvell's 4G LTE products could be a key growth driver. This will be supported by growth from the company's wide range of recently launched Internet of Things (IoT) solutions.
In addition, the company's recent restructuring initiative will help Marvell improve its cloud infrastructure and applications, which are anticipated to drive the top line. The latest buyback scheme also reflects its sound financial position and favorable prospects.
Also, the company's back-to-back four quarters of better-than-expected bottom-line results have boosted investor's confidence over the stock. Apart from this, an encouraging second-quarter fiscal 2018 outlook provided in the last quarterly earnings conference call also makes us optimistic about its near-term performance.
Upward Estimate Revisions
In the last 30 days, the Zacks Consensus Estimate for the current quarter and fiscal 2018 witnessed upward revisions. For the current quarter, the Zacks Consensus Estimate is pegged at 23 cents, up 3 cents from earnings of 20 cents projected 30 days ago. Similarly, the Zacks Consensus Estimate for fiscal 2018 is currently pegged at 94 cents compared with 83 cents projected 30 days ago.
Valuation Looks Attractive
From a valuation perspective, the stock looks attractive as it is currently trading significantly lower than the industry average based on a forward earnings estimate. This signifies huge upward potential. Marvell currently trades at a forward P/E of 18.9x compared with the industry group average of 25.2x.
Hence, there is still much momentum left in this Zacks Rank #1 (Strong Buy) stock, which is quite evident from its VGM Style Score of "B" and long-term earnings growth rate of 15.5%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Keeping these positives in mind, we believe that Marvell is one such technology stock that deserves a place in investors' portfolio.
Other Key Picks
A few other stocks worth considering in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . While Applied Optoelectronics and Broadcom sport a Zacks Rank #1, FormFactor carries a Zacks Rank #2 (Buy).
Applied Optoelectronics, Broadcom and FormFactor have expected long-term EPS growth rate of 20%, 13.6% and 16%, respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report
FormFactor, Inc. (FORM): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Key Picks A few other stocks worth considering in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . Click to get this free report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, the company's recent restructuring initiative will help Marvell improve its cloud infrastructure and applications, which are anticipated to drive the top line.
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Click to get this free report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Key Picks A few other stocks worth considering in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . For the current quarter, the Zacks Consensus Estimate is pegged at 23 cents, up 3 cents from earnings of 20 cents projected 30 days ago.
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Click to get this free report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Other Key Picks A few other stocks worth considering in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . Hence, there is still much momentum left in this Zacks Rank #1 (Strong Buy) stock, which is quite evident from its VGM Style Score of "B" and long-term earnings growth rate of 15.5%.
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Other Key Picks A few other stocks worth considering in the broader technology sector are Applied Optoelectronics Inc. AAOI , Broadcom Ltd. AVGO and FormFactor Inc. FORM . Click to get this free report Marvell Technology Group Ltd. (MRVL): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Marvell currently trades at a forward P/E of 18.9x compared with the industry group average of 25.2x.
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f2584bc7-49ef-4b52-8565-4530c537f890
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9984.0
|
2017-06-09 00:00:00 UTC
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Falling Earnings Estimates Signal Weakness Ahead for CyberArk (CYBR)
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AAOI
|
https://www.nasdaq.com/articles/falling-earnings-estimates-signal-weakness-ahead-for-cyberark-cybr-2017-06-09
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nan
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nan
|
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is CyberArk Software Ltd. CYBR , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in CYBR.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 76 cents a share a month ago to its current level of 69 cents.
Also, for the current quarter, CyberArk has seen 2 downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to 13 cents a share from 18 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 13.8% in the past month.
CyberArk Software Ltd. Price and Consensus
CyberArk Software Ltd. Price and Consensus | CyberArk Software Ltd. Quote
So, it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
If you are still interested in the Computer and Technologysector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today's Zacks #1 Rank stocks here .
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CyberArk Software Ltd. (CYBR): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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If you are still interested in the Computer and Technologysector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . Click to get this free report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns.
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Click to get this free report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Computer and Technologysector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . CyberArk Software Ltd. Price and Consensus CyberArk Software Ltd. Price and Consensus | CyberArk Software Ltd. Quote So, it may not be a good decision to keep this stock in your portfolio anymore, at least if you don't have a long time horizon to wait.
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Click to get this free report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Computer and Technologysector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . One such stock that you may want to consider dropping is CyberArk Software Ltd. CYBR , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year.
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Click to get this free report CyberArk Software Ltd. (CYBR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If you are still interested in the Computer and Technologysector, you may instead consider a better-ranked stock - Applied Optoelectronics, Inc. AAOI . For the full year, we have seen 2 estimates moving down in the past 30 days, compared with no upward revisions.
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97e3b9b8-8f85-4b5d-b3b9-bf478d15a38b
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9985.0
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2017-06-08 00:00:00 UTC
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Okta's (OKTA) Q1 Loss Narrows Y/Y, Revenues Beat Estimates
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AAOI
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https://www.nasdaq.com/articles/oktas-okta-q1-loss-narrows-y-y-revenues-beat-estimates-2017-06-08
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nan
|
nan
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Okta Inc.OKTA reported first-quarter fiscal 2018 loss of 50 cents per share (excluding stock-based compensation and amortization of acquired intangibles), 51.9% narrower than the year-ago quarter.
Including stock-based compensation, the loss was 72 cents per share. The Zacks Consensus Estimate was pegged at a loss of 61 cents.
Revenues of $53 million surpassed the Zacks Consensus Estimate of $48.52 million and also increased 66.8% on a year-over-year basis.
We note that following the earnings announcement, shares increased around 7.5% in after hours trading. The stock has underperformed the Zacks Internet Software/Services industry since the company went public on Apr 7.
While the stock returned 5.7%, the industry gained 10.6% over the same time frame.
Revenue and Operations
Subscription revenues increased a massive 75.4% year on year, primarily attributed to accelerated adoption of the company's flagship product, Identity Cloud.
Professional Services revenues grew 10% but the negative gross margin in this segment widened from negative 10% to negative 25.5% due to the unavailability of major fixed deals in the reported quarter.
Geographically, 86% of the revenues were contributed by U.S customers, with the majority of the remaining 14% coming from Europe, Middle-East and Africa (EMEA).
Research and development expenses increased to $12.1 million from $8.1 million in the year-ago quarter due to investment in innovation.
Gross margin was up 594 basis points (bps) to 69.2%. Operating margin also saw an improvement of 24 bps, and was negative 37%. High subscription rates led to the improvement in margins.
Okta, Inc. Price, Consensus and EPS Surprise
Okta, Inc. Price, Consensus and EPS Surprise | Okta, Inc. Quote
Balance Sheet and Cash Flow
Okta ended the quarter with $224.2 million in cash, cash equivalents and short-term investments. Free cash flow was negative $13.3 million or 25.2% of total revenue.
Outlook
For second-quarter fiscal 2018, the company expects revenues to be in a range of $55-$56 million. Non-GAAP net loss per share is anticipated to be between 25 cents and 26 cents.
Our Take
The company recently received FedRAMP certification, which has placed it in a strong position. It can now work in the U.S. government agency market, which will eventually add to its top line in the long term.
With a customer base of over 3350 organizations, including companies like Wyndham Worldwide WYN , its growth trajectory looks solid.
Demand for cloud-based computing has increased dramatically but at the same time instances of cybercrime are also on the rise. Hence, Okta's solutions for authentication of identity are much in demand.
However, steep competition from industry leader Microsoft MSFT is a headwind.
Zacks Rank & Key Pick
At present, Okta has a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 stocks here .
Notably, the long-term growth rate for Applied Optoelectronics is 20%.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early.
Download Report with 3 Top Tech Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Wyndham Worldwide Corp (WYN): Free Stock Analysis Report
Okta, Inc. (OKTA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , carrying a Zacks Rank #1 (Strong Buy). Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Wyndham Worldwide Corp (WYN): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Okta Inc.OKTA reported first-quarter fiscal 2018 loss of 50 cents per share (excluding stock-based compensation and amortization of acquired intangibles), 51.9% narrower than the year-ago quarter.
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Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Wyndham Worldwide Corp (WYN): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , carrying a Zacks Rank #1 (Strong Buy). Okta, Inc. Price, Consensus and EPS Surprise Okta, Inc. Price, Consensus and EPS Surprise | Okta, Inc. Quote Balance Sheet and Cash Flow Okta ended the quarter with $224.2 million in cash, cash equivalents and short-term investments.
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Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Wyndham Worldwide Corp (WYN): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , carrying a Zacks Rank #1 (Strong Buy). Professional Services revenues grew 10% but the negative gross margin in this segment widened from negative 10% to negative 25.5% due to the unavailability of major fixed deals in the reported quarter.
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A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , carrying a Zacks Rank #1 (Strong Buy). Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Wyndham Worldwide Corp (WYN): Free Stock Analysis Report Okta, Inc. (OKTA): Free Stock Analysis Report To read this article on Zacks.com click here. Including stock-based compensation, the loss was 72 cents per share.
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6e043cba-955d-425a-b246-ed8c16a89f5c
|
9986.0
|
2017-06-08 00:00:00 UTC
|
Unisys Launches FamilyNow for Aiding Social Service Agencies
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AAOI
|
https://www.nasdaq.com/articles/unisys-launches-familynow-for-aiding-social-service-agencies-2017-06-08
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nan
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nan
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Premium information technology services company, Unisys CorporationUIS recently launched FamilyNow, a next-generation, comprehensive, case management software solution that would assist public social service agencies in protecting children at risk.
Over the last one year, shares of this Zacks Rank #3 (Hold) stock yielded a return of 46.06%, outperforming 15.92% growth recorded by the Zacks categorized Computers - IT Services industry.
Inside Story
Unisys Corporation's new FamilyNow software would aid social service providing agencies utilize state-of-the-art technologies to manage caseloads. The software would help case workers take appropriate actions and recover the issues faced by families in need. These modules relate to domains like intake, financial management, provider management and administration, eligibility, case management and investigation. Apart from adult and child protective services, the software will also support juvenile justice and community mental health programs.
In the contemporary era, social service workers find it challenging to address the needs of seniors and children, as the scale and complexity of these issues are increasing over time. The social service workers would likely resolve these challenges to some extent on the back of the new solution.
Stocks to Consider
Some better-ranked stocks in the industry are listed below:
Applied Optoelectronics, Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy) at present, pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. You can see the complete list of today's Zacks #1 Rank stocks here .
Agilent Technologies, Inc. A delivered a positive average earnings surprise of 11.68% for the trailing four quarters and currently carries a Zacks Rank #2 (Buy).
Axcelis Technologies, Inc. ACLS , which also holds a Zacks Rank #2 at present, generated an outstanding average positive earnings surprise of 135.78%, over the past four quarters.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report
Unisys Corporation (UIS): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Agilent Technologies, Inc. (A): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy) at present, pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Unisys Corporation (UIS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Inside Story Unisys Corporation's new FamilyNow software would aid social service providing agencies utilize state-of-the-art technologies to manage caseloads.
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Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Unisys Corporation (UIS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy) at present, pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. Inside Story Unisys Corporation's new FamilyNow software would aid social service providing agencies utilize state-of-the-art technologies to manage caseloads.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy) at present, pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Unisys Corporation (UIS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Premium information technology services company, Unisys CorporationUIS recently launched FamilyNow, a next-generation, comprehensive, case management software solution that would assist public social service agencies in protecting children at risk.
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Stocks to Consider Some better-ranked stocks in the industry are listed below: Applied Optoelectronics, Inc. AAOI , which sports a Zacks Rank #1 (Strong Buy) at present, pulled off an impressive average positive earnings surprise of 118.33%, over the last four quarters. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report Unisys Corporation (UIS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report To read this article on Zacks.com click here. Premium information technology services company, Unisys CorporationUIS recently launched FamilyNow, a next-generation, comprehensive, case management software solution that would assist public social service agencies in protecting children at risk.
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3124f227-6c9c-452a-93bd-f8240c8d35e8
|
9987.0
|
2017-06-08 00:00:00 UTC
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Amtech (ASYS) in Focus: Stock Moves 5.1% Higher
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AAOI
|
https://www.nasdaq.com/articles/amtech-asys-in-focus%3A-stock-moves-5.1-higher-2017-06-08
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nan
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nan
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Amtech Systems, Inc.ASYS was a big mover last session, as the company saw its shares rise slightly over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.42 to $8.38 in the past one-month time frame.
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current year has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Amtech currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Amtech Systems, Inc. Price
Amtech Systems, Inc. Price | Amtech Systems, Inc. Quote
A better-ranked stock in theComputer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is ASYS going up? Or down? Predict to see what others think: Up or Down
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Amtech Systems, Inc. (ASYS): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Amtech Systems, Inc. Price Amtech Systems, Inc. Price | Amtech Systems, Inc. Quote A better-ranked stock in theComputer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Amtech Systems, Inc. (ASYS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.42 to $8.38 in the past one-month time frame.
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Amtech Systems, Inc. Price Amtech Systems, Inc. Price | Amtech Systems, Inc. Quote A better-ranked stock in theComputer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Amtech Systems, Inc. (ASYS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Amtech Systems, Inc. Price Amtech Systems, Inc. Price | Amtech Systems, Inc. Quote A better-ranked stock in theComputer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Amtech Systems, Inc. (ASYS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Amtech Systems, Inc. Price Amtech Systems, Inc. Price | Amtech Systems, Inc. Quote A better-ranked stock in theComputer and Technology sector is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Amtech Systems, Inc. (ASYS): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.42 to $8.38 in the past one-month time frame.
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95402cf8-8773-4ea5-b95d-781ff32e4fae
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9988.0
|
2017-06-08 00:00:00 UTC
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Why Micron (MU) Stock Deserves a Place in Your Portfolio Now
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AAOI
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https://www.nasdaq.com/articles/why-micron-mu-stock-deserves-a-place-in-your-portfolio-now-2017-06-08
|
nan
|
nan
|
A successful portfolio manager is aware of the fact that adding well-performing stocks at the right time is of vital importance. Indicators of a stock's bullish run include a rise in share price and strong fundamentals.
One such stock that investors need to hold onto right now is Micron Technology Inc.MU . Though there are a few concerns, these are short lived and the stock has the potential to perform well over the long run.
Micron's share price movement has been quite favorable. In the last one year, its shares have gained 159.8%, while the Zacks categorized Electronic-Semiconductors industry recorded growth of 47%.
What's Driving the Stock?
The main reason behind the optimism surrounding the stock is improving prices for DRAM and NAND chips, which makes investors confident about Micron's growth. Per various sources, DRAM and NAND prices have improved primarily due to a better product mix optimization and higher-than-expected demand for PCs, servers and mobiles.
The benefit from improved pricing is well reflected in the company's last quarterly results. The company's second-quarter fiscal 2017 revenues not only surged 58.4% on a year-over-year basis to $4.648 billion, but also surpassed the Zacks Consensus Estimate of $4.645 billion. Most importantly, it witnessed a massive 21% increase in DRAM average selling prices (ASP) during the quarter.
The company's fiscal first-quarter adjusted earnings per share (excluding the impact of one-time items but including stock-based compensation expense) of 77 cents came in line with the Zacks Consensus Estimate.
Encouraging top- and bottom-line guidance for the fiscal third quarter, way above the respective Zacks Consensus Estimate, also helped in boosting investors' confidence about the company's future prospects.
Upward Estimate Revisions
Since its last quarterly results, the Zacks Consensus Estimate for the fiscal third quarter and fiscal 2017 witnessed upward revisions. For the fiscal third quarter, the Zacks Consensus Estimate is currently pegged at $1.37, up from earnings of 68 cents projected 90 days ago. The Zacks Consensus Estimate for fiscal 2017 is currently pegged at $3.67 compared with $2.33 projected 90 days ago.
Micron Technology, Inc. Price and Consensus
Micron Technology, Inc. Price and Consensus | Micron Technology, Inc. Quote
Other Driving Factors
It should be noted that Micron has been expanding in the SSD storage market due to the decline in the PC market. Notably, SSDs are faster and more energy efficient than traditional hard drives. These are also used in servers due to lower latency, thereby facilitating faster response to real-time applications.
Notably, the company has an interesting partnership with Seagate STX . Under the agreement, Micron supplies a significant portion of Seagate's NAND requirement. In return, Seagate shares its SAS SSD technology with Micron - a key technology - that the latter lacks in the enterprise SSD market. We believe that this deal will expand Micron's high-value enterprise SSD portfolio.
Additionally, the acquisition of Inotera in 2016 is anticipated to be accretive to Micron's DRAM gross margin, earnings per share and free cash flow. According to the company, the acquisition will also have some operational benefits, leading to efficient management of investment levels and cadence followed by alignment with global manufacturing operations.
Micron is positive about the product launches and growing demand, particularly that of SSD products. The company has been constantly innovating memory technologies, spanning DRAM, NAND and NOR Flash memory solutions, which are widely used in the latest mobile computing devices, as well as in consumer, networking and embedded products.
We also believe that any increase in prices will have a favorable impact on the company's overall results. We anticipate these benefits to be a tailwind for the company, going forward.
Bottom Line
Looking at the improving selling prices for DRAM and strategic initiatives of expanding in the SSD market, we consider that Micron is one such technology stock which is worthy of remaining in investors' portfolio.
On the valuation front too, the stock looks attractive. The company currently trades at a forward P/E multiple of 8.6x, significantly lower than the Zacks categorized Electronics-Semiconductor industry average of 15.7x. The ratio, which is obtained by dividing a stock's current market price with its historical or estimated earnings, measures how much an investor needs to shell out per dollar of earnings. Therefore, lower the P/E of a stock, the better for a value investor.
Additionally, the stock has long-term earnings per share growth rate of 10% and it carries a VGM Style Score of "A".
Therefore, in our opinion, the stock deserves a place in investor's portfolio. Currently, Micron carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), Broadcom carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Long-term expected EPS growth rate for Applied Optoelectronics and Broadcom is 20% and 13.6%, respectively.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early.
Download Report with 3 Top Tech Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Seagate Technology PLC (STX): Free Stock Analysis Report
Broadcom Limited (AVGO): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Micron Technology, Inc. (MU): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. The company's fiscal first-quarter adjusted earnings per share (excluding the impact of one-time items but including stock-based compensation expense) of 77 cents came in line with the Zacks Consensus Estimate.
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Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Upward Estimate Revisions Since its last quarterly results, the Zacks Consensus Estimate for the fiscal third quarter and fiscal 2017 witnessed upward revisions.
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Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Micron Technology, Inc. Price and Consensus Micron Technology, Inc. Price and Consensus | Micron Technology, Inc. Quote Other Driving Factors It should be noted that Micron has been expanding in the SSD storage market due to the decline in the PC market.
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A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Click to get this free report Seagate Technology PLC (STX): Free Stock Analysis Report Broadcom Limited (AVGO): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Micron Technology, Inc. (MU): Free Stock Analysis Report To read this article on Zacks.com click here. The benefit from improved pricing is well reflected in the company's last quarterly results.
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651ad7b1-5e77-4e05-a898-14d8a991ef64
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9989.0
|
2017-06-07 00:00:00 UTC
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Ciena (CIEN) Upgraded to Strong Buy on Strong Q2 Results
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AAOI
|
https://www.nasdaq.com/articles/ciena-cien-upgraded-to-strong-buy-on-strong-q2-results-2017-06-07
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nan
|
nan
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On Jun 7, Zacks Investment Research upgraded Ciena Corp.CIEN to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
The upgrade can primarily be attributed to the company's impressive second-quarter fiscal 2017 results. Revenues totaled $707 million, up 10.3% year over year and ahead of the Zacks Consensus Estimate of $694 million.
Non-GAAP earnings (excluding stock-based compensation) of 45 cents increased 32.4% on a year-over-year basis driven by the robust top-line growth. Including stock-based compensation, earnings were 38 cents per share, which beat the Zacks Consensus Estimate of 29 cents.
We also note that shares of the company have outperformed the Zacks Fiber-Optics industry on a year-to-date basis. While the industry lost 1.1%, the stock gained 12.6%.
We believe that the impressive results and positive guidance will help the stock sustain this momentum in the rest of fiscal 2017.
Growth Catalysts
Accelerated software subscription and addition of new customers primarily backed the encouraging second-quarter results. Notably, the huge growth in the Asia-Pacific region was primarily driven by revenue contribution from India, which amounted to almost $100 million in the first half of fiscal 2017.
We believe the availability of Ciena's new 400 gig per wavelength chip, Wavelogic AI, this summer will drive top-line growth further. The first-of-its-kind chip will also provide an early mover advantage against its peers like Cisco CSCO and Juniper Networks JNPR .
The company is poised for long-term growth with opportunities for developing 5G technologies for service providers and Fiber Deep cable MSO customers, given higher densification of networks.
Ciena Corporation Revenue (TTM)
Ciena Corporation Revenue (TTM) | Ciena Corporation Quote
Estimate Revision
The Zacks Consensus Estimates for 2017 has been steady at $1.36 for the last 30 days. For 2018, the estimate is currently pegged at $1.65, up 1.85% over the same time frame.
Key Pick
Another stock that can be considered by investors is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .
The long-term earnings growth rate for Applied Optoelectronics is projected to be 20%.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early.
See Zacks' Top 3 Stocks to Ride This Space >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Juniper Networks, Inc. (JNPR): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Ciena Corporation (CIEN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Pick Another stock that can be considered by investors is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, the huge growth in the Asia-Pacific region was primarily driven by revenue contribution from India, which amounted to almost $100 million in the first half of fiscal 2017.
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Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. Key Pick Another stock that can be considered by investors is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1. Ciena Corporation Revenue (TTM) Ciena Corporation Revenue (TTM) | Ciena Corporation Quote Estimate Revision The Zacks Consensus Estimates for 2017 has been steady at $1.36 for the last 30 days.
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Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. Key Pick Another stock that can be considered by investors is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1. Ciena Corporation Revenue (TTM) Ciena Corporation Revenue (TTM) | Ciena Corporation Quote Estimate Revision The Zacks Consensus Estimates for 2017 has been steady at $1.36 for the last 30 days.
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Key Pick Another stock that can be considered by investors is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1. Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. On Jun 7, Zacks Investment Research upgraded Ciena Corp.CIEN to a Zacks Rank #1 (Strong Buy).
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f3a5a4a5-0c5b-4bdf-adfb-d7cf60929dde
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9990.0
|
2017-06-07 00:00:00 UTC
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Itron's (ITRI) New Meters to Boost Water Efficiency in Tonga
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AAOI
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https://www.nasdaq.com/articles/itrons-itri-new-meters-to-boost-water-efficiency-in-tonga-2017-06-07
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nan
|
nan
|
Itron, Inc.ITRI has signed a contract with the Tonga Water Board to provide its OpenWay Riva IoT solution for water. Itron's new smart water meters will reduce water losses in Tongatapu Island, the main island of Tonga.
Located in the South Pacific, just over 3,000 miles east of Australia, the Kingdom of Tonga serves more than 100,000 people. Tonga has a combined electricity and water management system with existing OpenWay Riva network utilized by Tonga Power Limited (TPL) on Tongatapu.
However, old infrastructure, inaccurate consumption measurement and unpaid invoices have resulted in high levels of non-revenue water losses in some areas of the island. Partnering with Itron, TPL will utilize Itron managed services for network management and maintenance for water operations.
Itron, Inc. Price
Itron, Inc. Price | Itron, Inc. Quote
Now, Tonga Water Board will use the old network and new water meters to measure water consumption more accurately and detect leaks faster. It will also help customers to monitor their consumption consistently.
Moreover, Itron continues to focus on expanding its portfolio, aimed at higher growth opportunities utilizing the power of OpenWay Riva platform. Customer interest in Itron's OpenWay Riva IoT solution continues to be strong. The company had signed 10 OpenWay Riva customers till first-quarter 2017 and the list continues to grow.
Itron has outperformed the Zacks classified Electronics Testing Equipment sub-industry over the past one year with respect to price performance. The stock rallied 52.4%, while the industry recorded growth of 48.5% over the same time frame.
Itron currently carries a Zacks Rank #3 (Hold).
Key Picks
Better-ranked stocks in the same space include Applied Optoelectronics, Inc. AAOI , AppFolio, Inc. APPF and Applied Materials, Inc. AMAT . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics has a remarkable average positive earnings surprise of 118.33% for the last four quarters. AppFolio generated an average positive earnings surprise of 75.33% over the trailing four quarters. Applied Materials has delivered an average positive earnings surprise of 3.35% in the past four quarters.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AppFolio, Inc. (APPF): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
Itron, Inc. (ITRI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks Better-ranked stocks in the same space include Applied Optoelectronics, Inc. AAOI , AppFolio, Inc. APPF and Applied Materials, Inc. AMAT . Click to get this free report AppFolio, Inc. (APPF): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Itron, Inc. (ITRI): Free Stock Analysis Report To read this article on Zacks.com click here. However, old infrastructure, inaccurate consumption measurement and unpaid invoices have resulted in high levels of non-revenue water losses in some areas of the island.
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Key Picks Better-ranked stocks in the same space include Applied Optoelectronics, Inc. AAOI , AppFolio, Inc. APPF and Applied Materials, Inc. AMAT . Click to get this free report AppFolio, Inc. (APPF): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Itron, Inc. (ITRI): Free Stock Analysis Report To read this article on Zacks.com click here. Itron, Inc. Price Itron, Inc. Price | Itron, Inc. Quote Now, Tonga Water Board will use the old network and new water meters to measure water consumption more accurately and detect leaks faster.
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Click to get this free report AppFolio, Inc. (APPF): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Itron, Inc. (ITRI): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the same space include Applied Optoelectronics, Inc. AAOI , AppFolio, Inc. APPF and Applied Materials, Inc. AMAT . Itron, Inc.ITRI has signed a contract with the Tonga Water Board to provide its OpenWay Riva IoT solution for water.
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Key Picks Better-ranked stocks in the same space include Applied Optoelectronics, Inc. AAOI , AppFolio, Inc. APPF and Applied Materials, Inc. AMAT . Click to get this free report AppFolio, Inc. (APPF): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Itron, Inc. (ITRI): Free Stock Analysis Report To read this article on Zacks.com click here. Itron, Inc. Price Itron, Inc. Price | Itron, Inc. Quote Now, Tonga Water Board will use the old network and new water meters to measure water consumption more accurately and detect leaks faster.
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20c299a3-8c4d-4425-b4e0-962545027265
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9991.0
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2017-06-07 00:00:00 UTC
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Ambarella's (AMBA) Q1 Earnings & Revenues Beat Estimates
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AAOI
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https://www.nasdaq.com/articles/ambarellas-amba-q1-earnings-revenues-beat-estimates-2017-06-07
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nan
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nan
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Ambarella Inc.AMBA started fiscal 2018 on a strong note, reporting better-than-expected results for first-quarter fiscal 2018. Also, revenues and earnings marked a significant year-over-year improvement.
The company reported earnings of 7 cents per share, which came ahead of the Zacks Consensus Estimate of 3 cents and also registered a year-over-year jump of 40%. The year-over-year improvement was mainly driven by solid top-line growth which was partially offset by higher costs and expenses, as well as increase in number of outstanding shares.
Quarter in Detail
The fiscal first-quarter revenues increased 12.2% year over year to $64.1 million and came ahead of the Zacks Consensus Estimate of $63 million. Excluding sales to GoPro Inc. GPRO and OEMs, revenues increased 16.1%.
The solid year-over-year growth was primarily driven by strong performances at IP security, auto and non-GoPro wearable markets. The benefits at these markets were partially offset by decline in drone revenues.
Gross margin contracted 30 basis points (bps) to 63.9% in the reported quarter. On non-GAAP basis (excluding stock-based compensation), the company reported gross margin of 64.3%, which came 30 bps lower than the year-ago quarter. The contraction in gross margin was mainly due to increase in revenues from sales of lower margin China security and U.S. home monitoring products, as well as a decline in higher margin sports camera market revenues.
Operating expenses increased 8.4% year over year to $38.3 million. On non-GAAP basis, operating expenses came in at $25.7 million, up from $24.3 million incurred in first-quarter fiscal 2017. The year-over-year increase in non-GAAP operating expenses was mainly due to increase in headcount and chip development costs.
Operating income almost doubled to $2.6 million from $1.3 million reported in the year-ago quarter. Operating margin expanded 170 bps to 4.1% in the reported quarter.
Ambarella, Inc. Price, Consensus and EPS Surprise
Ambarella, Inc. Price, Consensus and EPS Surprise | Ambarella, Inc. Quote
Balance Sheet
Ambarella ended the fiscal first quarter with cash and cash equivalents & marketable securities of $420.2 million, up from $405.4 million in the previous quarter.
During the reported quarter, the company bought back 162,738 shares under its ongoing $75 million share repurchase program which started in Jun 2016, for a total consideration of $8.77 million. As of Apr 30, 2017, the company has approximately $46 million available under the current share repurchase authorization.
Guidance
For second-quarter fiscal 2018, revenues are expected to be between $69 million and $72 million, up 6-10.6% from the prior-year quarter. The company anticipates strong year-over-year revenue growth in IP security (both professional and consumer), as well as solid growth in automotive and non-sports wearable, partially offset by a decline in the drone revenues. However, the company's guided range fell short of the Zacks Consensus Estimate of $72.6 million.
Non-GoPro revenues in the fiscal second quarter are expected to grow between 11.8% and 17%.
Non-GAAP gross margin is expected to be between 62.0% and 63.5% as compared with 67.1% in the year-ago quarter. The contraction will be due to increase in China security revenues and decline in drone revenues.
Operating expenses are expected to be between $26.0 million and $27.5 million, up sequentially due to higher head count expenses and increase in new chip development costs.
Management reiterated its forecasts for fiscal 2018. The company still expects revenues to be in the range of up 3% to down 3% as compared with fiscal year 2017. Strong growth in IP security, drones, non-sports wearable, and automotive market revenues will drive revenues. Excluding sales to GoPro and its ODMs, fiscal year 2018 revenues are estimated to grow between 20% and 32%.
Gross margins are expected to move into the high end of Ambarella's target margin range of 59-62%, while operating expense is expected to increase 12-14% over fiscal year 2017.
Bottom Line
Despite reporting better-than-expected fiscal first-quarter results, shares of Ambarella declined approximately 6% in yesterdays' after-hour trade, as its revenue forecast for the fiscal second quarter fell short of analyst's expectations.
Notably, Ambarella has underperformed the Zacks Electronics-Semiconductors industry in the year-to-date period. The stock returned 10.4%, while the industry gained 28.8% in the said period.
A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . While Applied Optoelectronics sports a Zacks Rank #1 (Strong Buy), Broadcom carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Long-term expected EPS growth rate for Applied Optoelectronics and Broadcom is 20% and 13.6%, respectively.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold.
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Broadcom Limited (AVGO): Free Stock Analysis Report
Ambarella, Inc. (AMBA): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
GoPro, Inc. (GPRO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Ambarella, Inc. (AMBA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report GoPro, Inc. (GPRO): Free Stock Analysis Report To read this article on Zacks.com click here. The year-over-year improvement was mainly driven by solid top-line growth which was partially offset by higher costs and expenses, as well as increase in number of outstanding shares.
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Ambarella, Inc. (AMBA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report GoPro, Inc. (GPRO): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Ambarella, Inc. Price, Consensus and EPS Surprise Ambarella, Inc. Price, Consensus and EPS Surprise | Ambarella, Inc. Quote Balance Sheet Ambarella ended the fiscal first quarter with cash and cash equivalents & marketable securities of $420.2 million, up from $405.4 million in the previous quarter.
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Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Ambarella, Inc. (AMBA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report GoPro, Inc. (GPRO): Free Stock Analysis Report To read this article on Zacks.com click here. A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Quarter in Detail The fiscal first-quarter revenues increased 12.2% year over year to $64.1 million and came ahead of the Zacks Consensus Estimate of $63 million.
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A couple of better-ranked stocks in the Electronics-Semiconductors space are Applied Optoelectronics, Inc. AAOI and Broadcom Limited AVGO . Click to get this free report Broadcom Limited (AVGO): Free Stock Analysis Report Ambarella, Inc. (AMBA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report GoPro, Inc. (GPRO): Free Stock Analysis Report To read this article on Zacks.com click here. Quarter in Detail The fiscal first-quarter revenues increased 12.2% year over year to $64.1 million and came ahead of the Zacks Consensus Estimate of $63 million.
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5324e8c8-94f0-4d23-ae90-7b35b248048e
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9992.0
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2017-06-06 00:00:00 UTC
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Microchip (MCHP) Revises Q1 Guidance Range, Shares Up
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AAOI
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https://www.nasdaq.com/articles/microchip-mchp-revises-q1-guidance-range-shares-up-2017-06-06
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nan
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nan
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Microchip Technology Inc.MCHP recently revised sales and earnings guidance for the first quarter of fiscal 2018. The company now forecasts non-GAAP net sales to be in the range of 4.5-6% (mid-point at 5.25%) as compared with earlier guidance range of 2-7% up (mid-point at 4.5%) on a sequential basis.
Microchip now anticipates revenues to increase 12.6% from the year-ago quarter. The revised guidance reflects strong business trend in the first two months (April & May) of the current quarter.
Further, non-GAAP earnings are now expected to be in the range of $1.22-$1.26 per share, as compared with previous guided range of $1.17-$1.27 per share.
However, management didn't provide any update to gross and operating margin guidance provided on May 9. At that time, gross margin was anticipated to be in the range of 59.5-60%, operating expense as percentage of 23-25% and operating margin 36-37%.
Microchip Technology Incorporated Revenue (TTM)
Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote
Shares increased almost 1.2% in after hour trading. Year to date, the stock has delivered returns of 31.8% as compared with S&P 500's 9.4%.
Expanding Portfolio: Key Catalyst
Microchip's microcontroller business (64.3% of revenues) continues to outperform the industry and has enabled it to gain significant market share. Launch of new innovative products and frequent of updates of existing portfolio are key growth drivers.
We believe that recently launched products like PIC32MZ DA microcontroller (MCU) family and PIC16F19197 family (low power MCUs) will attract new customers. The company has also made available a fully-certified Wi-Fi Software Development Kit (SDK) with Apple AAPL HomeKit support, which further expands product portfolio.
Meanwhile, Microchip plans to develop and produce a wide range of new linear mixed signal, power interface timing and security products to drive future growth of analog business. The company expects the analog business to generate revenues of $1 billion in the long term.
Moreover, the memory business presents growth opportunities based on the expanding portfolio. We note that the solutions like EERAM will drive growth going forward.
Positive Estimate Revisions
We note that the Zacks Consensus Estimate for the current quarter has increased 12.9% to $1.14 per share in the last 30 days, as most of the analysts revised their estimates upward. The earnings figure currently reflects year-over-year growth of 18.1%.
Fiscal 2017 figure have also jumped 8% to $4.58 in the same period, with most of the analysts revising their estimates upward.
Zacks Rank & Other Key Picks
Currently, Microchip sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Applied Optoelectronics AAOI and Ichor Holdings ICHR are two other top-ranked stocks in the broader sector, as they flaunt the same Zacks Rank as that of Microchip.
Current quarter estimates for Applied Optoelectronics has advanced 13.8% to $1.07 in the last 30 days. Estimate for Ichor has surged 37.2% to 59 cents in the last 30 days.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Apple Inc. (AAPL): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report
Microchip Technology Incorporated (MCHP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics AAOI and Ichor Holdings ICHR are two other top-ranked stocks in the broader sector, as they flaunt the same Zacks Rank as that of Microchip. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report To read this article on Zacks.com click here. Expanding Portfolio: Key Catalyst Microchip's microcontroller business (64.3% of revenues) continues to outperform the industry and has enabled it to gain significant market share.
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Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI and Ichor Holdings ICHR are two other top-ranked stocks in the broader sector, as they flaunt the same Zacks Rank as that of Microchip. Microchip Technology Inc.MCHP recently revised sales and earnings guidance for the first quarter of fiscal 2018.
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Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI and Ichor Holdings ICHR are two other top-ranked stocks in the broader sector, as they flaunt the same Zacks Rank as that of Microchip. Microchip Technology Incorporated Revenue (TTM) Microchip Technology Incorporated Revenue (TTM) | Microchip Technology Incorporated Quote Shares increased almost 1.2% in after hour trading.
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Applied Optoelectronics AAOI and Ichor Holdings ICHR are two other top-ranked stocks in the broader sector, as they flaunt the same Zacks Rank as that of Microchip. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Microchip Technology Incorporated (MCHP): Free Stock Analysis Report To read this article on Zacks.com click here. Microchip Technology Inc.MCHP recently revised sales and earnings guidance for the first quarter of fiscal 2018.
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00f39719-112d-4f1b-8c6f-d07c8ea86f0b
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9993.0
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2017-06-06 00:00:00 UTC
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CEVA, Inc. (CEVA) Looks Good: Stock Adds 5.4% in Session
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AAOI
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https://www.nasdaq.com/articles/ceva-inc.-ceva-looks-good%3A-stock-adds-5.4-in-session-2017-06-06
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nan
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nan
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CEVA, Inc.CEVA was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the somewhat-flat trend of $40.95 to $43.70 in the past one-month time frame.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for CEVA, Inc. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
CEVA, Inc. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
CEVA, Inc. Price and Consensus
CEVA, Inc. Price and Consensus | CEVA, Inc. Quote
A better-ranked stock in the Electronics - Semiconductors industry is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
Is CEVA going up? Or down? Predict to see what others think: Up or Down
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
CEVA, Inc. (CEVA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CEVA, Inc. Price and Consensus CEVA, Inc. Price and Consensus | CEVA, Inc. Quote A better-ranked stock in the Electronics - Semiconductors industry is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report CEVA, Inc. (CEVA): Free Stock Analysis Report To read this article on Zacks.com click here. The stock picked up sharply from the somewhat-flat trend of $40.95 to $43.70 in the past one-month time frame.
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CEVA, Inc. Price and Consensus CEVA, Inc. Price and Consensus | CEVA, Inc. Quote A better-ranked stock in the Electronics - Semiconductors industry is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report CEVA, Inc. (CEVA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CEVA, Inc. Price and Consensus CEVA, Inc. Price and Consensus | CEVA, Inc. Quote A better-ranked stock in the Electronics - Semiconductors industry is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report CEVA, Inc. (CEVA): Free Stock Analysis Report To read this article on Zacks.com click here. The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for CEVA, Inc.
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CEVA, Inc. Price and Consensus CEVA, Inc. Price and Consensus | CEVA, Inc. Quote A better-ranked stock in the Electronics - Semiconductors industry is Applied Optoelectronics, Inc. AAOI , which currently carries a Zacks Rank #1 (Strong Buy). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report CEVA, Inc. (CEVA): Free Stock Analysis Report To read this article on Zacks.com click here. The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for CEVA, Inc.
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52ccb181-b981-4d2f-907f-9d3bed099ff0
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9994.0
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2017-06-05 00:00:00 UTC
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Zacks Investment Ideas feature highlights: Applied Optoelectronics, Ichor Holdings, MKS Instruments, Big Five Sporting Goods and Web.com
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AAOI
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-applied-optoelectronics-ichor-holdings-mks
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nan
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nan
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For Immediate Release
Chicago, IL - June 05, 2017 - Today, Zacks Investment Ideas feature highlights Features: Applied Optoelectronics (NASDAQ: AAOI- Free Report ), Ichor Holdings (NASDAQ: ICHR- Free Report ), MKS Instruments (NASDAQ: MKSI- Free Report ), Big Five Sporting Goods (NASDAQ: BGFV- Free Report ) and Web.com (NASDAQ: WEB- Free Report ).
5 Stocks to Buy at the Top
In looking at this market and the chatter that surrounds it I see two distinct views. There are those that are calling for a top, and those that want to hunt down and ruthlessly slaughter all the bears. I am on the side of the market moving higher, and not that I want to hunt the shorts and kill the bears, I just want to find the best growth stocks out there. That said, if there are some shorts that I have to step on along the way, so be it.
Putting cash to work with the market at all time high is always a tough thing to do. Let's face it when you are the one paying the price that will be another new record high, you could end up calling the top. Then again, that scenario has happened countless times over the last 9 years so you may only hold the "bravdo" title for a moment or two before another investor comes along to pay more. Of course the key is the reason for paying more, and if there is growth, then the reason is more often than not a valid one.
Well that is enough from me on my soap box, let's get to some stock ideas to buy at the top of the market. The first thing I want to do is get a list of the stocks that are seeing earnings estimate revisions higher. The Zacks Rank does just that for me and when I select all the Zacks Rank #1 (Strong Buy) stocks I have already substantially narrowed down the list of stocks to buy. The next thing I want to focus on is stocks with a growth style score of "A" as I want to be buying growth at the top, not value.
Follow Brian Bolan on Twitter: @BBolan1
The Fighting 46
There are 46 stocks that have a Zacks Rank #1 (Strong Buy) and a growth style score of "A" and I see a few chip related names right off the bat so I pretty much have to mention them. I also see a specialty retailer, and just because that whole sector has been hammered of late it would be good to review that name as well. Finally, I will touch on a stock that didn't make the list but should be on your radar.
Applied Optoelectronics (NASDAQ: AAOI- Free Report ) was recently reviewed in a Zacks Rank Buy video. The aggressive growth stock strategist at Zacks Investment Research reviewed why the stock was a Zacks Rank #1 (Strong Buy) and a quick look at the chart. The video can be seen below.
Ichor Holdings (NASDAQ: ICHR- Free Report ) is also reviewed in the video below. I particularly like the 11x forward multiple for this stock along with the outstanding growth in earnings estimates. This stock is in the semiconductor capital equipment space, and it tends to move a little ahead of the other broader chip plays.
MKS Instruments (NASDAQ: MKSI- Free Report ) saw a great month of April but has traded in a tight range for May. Could June see another leg higher for this stock? I like that idea as it has a lot going for it, including a Zacks Rank #1 (Strong Buy) and a growth style score of "A." At 16x forward earnings the value investor in you shouldn't stop you from buying this stock that reached a new 52 week high today at $85.00.
Specialty Retailer
Given what we have seen from several department stores and other retailers this year, it is hard to imagine that specialty retailer made this list. It tells me that this stock is bucking the trend and that alone will get portfolio managers interested in the name. When you have to have a percentage of your funds invested in the retail space, you tend to overweight the names that are doing the best. This is just that type of stocks.
Big Five Sporting Goods (NASDAQ: BGFV- Free Report ) is a Zacks Rank #1 (Strong Buy) and carries a growth style score of "A" but is a healthy distance from hitting a new 52 week high today. I see the stock at about $14, and that is well below the $20.35 52 week high. I see a solid beat at the start of the month, but the stock was punished with the rest of the group as the retail sector was thrashed. If you are looking for a "bottom fishing" style play at the top, this would be a good one.
Deal Radar
The other week we heard that private equity was looking at making a play for Web.com (NASDAQ: WEB- Free Report ). This is a Zacks Rank #3 (Hold) with a growth style score of "C" so why am I talking about it here? Well the deal speculation is still out there even in volume is not. I see about 160K shares traded so far today, and that is well below the normal amount. In fact, volume has dropped off somewhat significantly since the news broke that a deal could be around the corner.
I looked deeper into the story and I think it makes sense that private equity concerns would want to buy this company. There are a few groups that have a high degree of expertise in the in space and the fact is that WEB is seeing minimal growth right now. That said, an above average ARPU and solid revenue run rate tells me that there is good potential here. One analyst has suggested that $30 could be the number that gets the deal done, but after I kicked the tires, I wouldn't be surprised by a $28 price.
Keep in mind this important piece of the puzzle. Volume spiked on the story of the deal, but has dropped off significantly since then. What hasn't dropped off is the price, as this stock hit a new 52 week high of $23.65 today amid more low volume. This tells me that holders are not willing to give up their shares which only makes the deal rumor that much strong. Deals like then tend to get announced on a Monday… so being long this stock over the weekend isn't a bad idea even with the market at the top.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report
MKS Instruments, Inc. (MKSI): Free Stock Analysis Report
Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report
Web.com Group, Inc. (WEB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL - June 05, 2017 - Today, Zacks Investment Ideas feature highlights Features: Applied Optoelectronics (NASDAQ: AAOI- Free Report ), Ichor Holdings (NASDAQ: ICHR- Free Report ), MKS Instruments (NASDAQ: MKSI- Free Report ), Big Five Sporting Goods (NASDAQ: BGFV- Free Report ) and Web.com (NASDAQ: WEB- Free Report ). Applied Optoelectronics (NASDAQ: AAOI- Free Report ) was recently reviewed in a Zacks Rank Buy video. See the pot trades we're targeting>> Get the full Report on AAOI - FREE Get the full Report on ICHR - FREE Get the full Report on MKSI - FREE Get the full Report on BGFV - FREE Get the full Report on WEB - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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For Immediate Release Chicago, IL - June 05, 2017 - Today, Zacks Investment Ideas feature highlights Features: Applied Optoelectronics (NASDAQ: AAOI- Free Report ), Ichor Holdings (NASDAQ: ICHR- Free Report ), MKS Instruments (NASDAQ: MKSI- Free Report ), Big Five Sporting Goods (NASDAQ: BGFV- Free Report ) and Web.com (NASDAQ: WEB- Free Report ). See the pot trades we're targeting>> Get the full Report on AAOI - FREE Get the full Report on ICHR - FREE Get the full Report on MKSI - FREE Get the full Report on BGFV - FREE Get the full Report on WEB - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report MKS Instruments, Inc. (MKSI): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Web.com Group, Inc. (WEB): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - June 05, 2017 - Today, Zacks Investment Ideas feature highlights Features: Applied Optoelectronics (NASDAQ: AAOI- Free Report ), Ichor Holdings (NASDAQ: ICHR- Free Report ), MKS Instruments (NASDAQ: MKSI- Free Report ), Big Five Sporting Goods (NASDAQ: BGFV- Free Report ) and Web.com (NASDAQ: WEB- Free Report ). See the pot trades we're targeting>> Get the full Report on AAOI - FREE Get the full Report on ICHR - FREE Get the full Report on MKSI - FREE Get the full Report on BGFV - FREE Get the full Report on WEB - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report MKS Instruments, Inc. (MKSI): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Web.com Group, Inc. (WEB): Free Stock Analysis Report To read this article on Zacks.com click here.
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For Immediate Release Chicago, IL - June 05, 2017 - Today, Zacks Investment Ideas feature highlights Features: Applied Optoelectronics (NASDAQ: AAOI- Free Report ), Ichor Holdings (NASDAQ: ICHR- Free Report ), MKS Instruments (NASDAQ: MKSI- Free Report ), Big Five Sporting Goods (NASDAQ: BGFV- Free Report ) and Web.com (NASDAQ: WEB- Free Report ). Applied Optoelectronics (NASDAQ: AAOI- Free Report ) was recently reviewed in a Zacks Rank Buy video. See the pot trades we're targeting>> Get the full Report on AAOI - FREE Get the full Report on ICHR - FREE Get the full Report on MKSI - FREE Get the full Report on BGFV - FREE Get the full Report on WEB - FREE Follow us on Twitter: https://twitter.com/ZacksResearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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3c2237d5-0cb8-4d29-9d79-110884026987
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9995.0
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2017-06-05 00:00:00 UTC
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Can't Keep a Good Market Down
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AAOI
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https://www.nasdaq.com/articles/cant-keep-good-market-down-2017-06-05
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nan
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nan
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This morning's Government Employment Situation report was a kick to the gut, especially coming just a day after ADP's jobs report beat expectations by more than 40%. Instead, only 138,000 jobs were created last month according to the BLS, instead of the 185,000 expected. The prior month was revised lower too.
But the market really didn't care.
F or the second consecutive session, each of the major indices closed at record highs. The S&P climbed 0.37% to 2439.1, while the Dow was up 0.29% to 21,206.3 and the NASDAQ advanced 0.94% to 6305.8. This was a short week due to the Memorial Day holiday on Monday, and the first two sessions were pretty somber. But the market really caught fire on the back half. For the full week, the S&P advanced 1%, the Dow increased 0.6% and the NASDAQ gained 1.5%.
The final two days also saw the portfolios wake up. On Friday, Insider Trader added three times, while Options Trader made two moves. Reitmeister Trading Alert , TAZR Trader and Value Investor also bought. The highlights are waiting for you below:
Today's Portfolio Highlights:
Insider Trader: It was a busy day for the portfolio as Tracey made five moves. The editor sold OXY and WSBC today, and used the proceeds and the cash on hand to buy three new positions with allocations between 7% and 9% each. The new buys are:
• AquaVenture (WAAS) is a small-cap water company that went public in October 2016 but is down 30% year-to-date. Analysts feel that the stock is undervalued, as do a couple insiders (including the CEO) who bought shares over the past two weeks as a show of confidence.
• CDK Global (CDK) is a dealer management system (DMS) company for the automotive sector that's in a transformation period right now. The CEO bought shares last week, possibly as a sign of confidence after the CFO resigned. With earnings expected to grow about 40% this fiscal year, Tracey says that CDK has "a surprising growth story for a large mid-cap company" .
• Weight Watchers (WTW) had a strong first quarter report thanks in large part to the collaboration with Oprah. Earnings are expected to rise 31% this year. A director bought twice since the earnings report, which is a really bullish sign since shares of WTW are at its highs rather than pulling back.
The full commentary has A LOT more on all of today's moves.
Reitmeister Trading Alert: Shares of Athene Holding Ltd. (ATH) have dipped 10% after getting up to $55 on a strong earnings announcement. Steve thinks this selloff is overdone and that fair value is about $60 for this financial services and insurance firm. Plus, it is a Zacks Rank #2 from a highly-ranked industry with a Zacks VGM Score of B. Therefore, he added ATH to the portfolio on Friday. If the company can put together another solid quarter, the editor wouldn't be surprised to see this name get up to $70. Get more specifics in the write-up.
TAZR Trader: Tech is STILL leading this market higher, and Kevin is ready to get back into RISK-ON mode again. On Friday, the editor returned to Applied Optoelectronics (AAOI), a small-cap fiber optic networking products company that's on its way to becoming a mid-cap. Kevin is willing to ride the volatile waves with AAOI since he expects the stock to reach $100 by December…and will be adding on any dips below $70. The portfolio will take a 7% allocation. Read the full write-up for a lot more on this pick.
Options Trader: The portfolio added two sets of bull call spreads on Friday. First up, homebuilder Lennar (LEN) is breaking out of a bullish flagging pattern, and Kevin thinks this Zacks Rank #2 will eventually challenge its all-time high of $69. So the editor bought to open 2 Nov 52.50 Calls AND sold to open 2 Nov 57.50 Calls.
Meanwhile, Kevin thinks a breakout is coming for IT company CDW (CDW), which has an upside breakout point around $61. The editor wants to be part of this move, so he bought to open 2 Sept. 60.00 Calls AND sold to open 2 Sept 65.00 Calls. Read the full writeup for more on both of these spreads.
Value Investor: Tracey likes the container companies right now because this cyclical space seems ready for an uptrend amid strong global growth. For example, Triton (TRTN) blew past the Zacks Consensus Estimate in its first quarter report, and is expected to grow earnings by 174% in 2017 thanks in part to its merger with TAL. It also has low P/E and P/B ratios, along with a juicy dividend that yielding 6.2%. Due to all these factors, the editor feels that TRTN would be a good addition to the portfolio. Read the complete commentary for more.
Zacks Counterstrike:"The jobs number was surprisingly lower than expected this morning considering what the ADP number showed us yesterday. Payrolls came in at 138k v the 182k expected, while unemployment ticked lower to 4.3%. Markets were strong overnight, but the weak data brought in sellers early in the morning. However, the buyers showed up again and took the S&P 500 to record highs once more. The S&P finished up 0.37%, while the Nasdaq added 0.94%.
"Today the S&P 500, the Dow, and the Nasdaq all finished at all-time highs.
"Market participants have to start wondering if this market will ever go down. And if it does, just what will create a sell off big enough to bring some volatility back into equities. I don't have the answer, but I can say that this market is very strong. In my eyes, there is just no risk out there at the moment, so let your long positions fly until there is a reason to get out." -- Zacks Counterstrike
Have a Great Weekend,
Jim Giaquinto Recommendations from Zacks' Private Portfolios:
Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >>
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Friday, the editor returned to Applied Optoelectronics (AAOI), a small-cap fiber optic networking products company that's on its way to becoming a mid-cap. Kevin is willing to ride the volatile waves with AAOI since he expects the stock to reach $100 by December…and will be adding on any dips below $70. Analysts feel that the stock is undervalued, as do a couple insiders (including the CEO) who bought shares over the past two weeks as a show of confidence.
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On Friday, the editor returned to Applied Optoelectronics (AAOI), a small-cap fiber optic networking products company that's on its way to becoming a mid-cap. Kevin is willing to ride the volatile waves with AAOI since he expects the stock to reach $100 by December…and will be adding on any dips below $70. On Friday, Insider Trader added three times, while Options Trader made two moves.
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On Friday, the editor returned to Applied Optoelectronics (AAOI), a small-cap fiber optic networking products company that's on its way to becoming a mid-cap. Kevin is willing to ride the volatile waves with AAOI since he expects the stock to reach $100 by December…and will be adding on any dips below $70. The highlights are waiting for you below: Today's Portfolio Highlights: Insider Trader: It was a busy day for the portfolio as Tracey made five moves.
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On Friday, the editor returned to Applied Optoelectronics (AAOI), a small-cap fiber optic networking products company that's on its way to becoming a mid-cap. Kevin is willing to ride the volatile waves with AAOI since he expects the stock to reach $100 by December…and will be adding on any dips below $70. With earnings expected to grow about 40% this fiscal year, Tracey says that CDK has "a surprising growth story for a large mid-cap company" .
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e5ebe589-03bb-4196-ac50-a6f6250b018d
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9996.0
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2017-06-02 00:00:00 UTC
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The Zacks Analyst Blog Highlights: SORL Auto Parts, Camtek, Applied Optoelectronics, Flexible Solutions International and Nobilis Health
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AAOI
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights%3A-sorl-auto-parts-camtek-applied-optoelectronics-flexible
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nan
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nan
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For Immediate Release
Chicago, IL -June 02, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include SORL Auto Parts, Inc. (NASDAQ: SORL - Free Report ), Camtek Ltd. (NASDAQ: CAMT - Free Report ), Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ), Flexible Solutions International Inc. (NYSEMKT: FSI - Free Report ) and Nobilis Health Corp. (NYSEMKT: HLTH - Free Report ).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
5 Best-Performing Stocks of May
Markets notched up gains once again last month, with tech stocks leading the pack. Indications emerged that the Fed was going to trim its balance sheet even as investors prepared for rate hikes. Meanwhile, the Trump trade petered out even as the President dismissed the FBI director and released budget proposals which were mostly in line with expectations.
The OPEC-led output cut deal received an extension which failed to boost oil prices . At the same time, economic data remained mixed even as GDP figures experienced an upward revision.
May's Performance
For the month, the Nasdaq, S&P 500 and Dow advanced 2.5%, 1.2% and 0.3%, respectively. During the month, the Federal Open Market Committee released minutes which indicated that Fed officials were in favor of trimming down the central bank's $4.5 trillion balance sheet.
The Trump administration released its budget proposal which seeks to cut federal spending by $3.6 trillion with a focus on balancing the budget over the next decade. Moreover, Trump discharged Director of the Federal Bureau of Investigation (FBI), James Comey from office. Meanwhile, U.S. auto industry reported disappointing sales in April, with sales hitting 16.88 million, below an expected annual rate of 17.2 million.
Mixed Domestic Data
Economic reports released in May were mostly mixed in nature. The ISM manufacturing index experienced a decline in April Construction spending contracted while factory orders increased at a slower pace than in February. Additionally, consumer confidence declined from 119.4 in April to 117.9 in May. Retail sales increased at a faster pace in April, even though it came in under estimates. The ISM services index notched up gains for the 88th consecutive month.
In contrast, industrial production recorded a growth of 1% in April, marking its largest increase since February 2014. The leading indicators index increased by 0.3%. Consumer spending increased at its fastest pace since Dec 2016 in April even as incomes continued to rise. Both CPI and PPI moved higher. But even though PCE inflation increased by 0.2%, the annual rate slowed to a 1.7% gain, lower than the pace recorded in March and well below the Fed's target of 2%.
Q1 GDP Revised Upward
As per the "second" estimate released by the Bureau of Economic Analysis, real gross domestic product (GDP) increased at an annual rate of 1.2% in the first quarter of 2017. It also beat analysts' estimate of 0.9% and was an improvement over Q1's gain of 0.8%. Moreover, corporate profits increased 3.7% year over year in the first three months of 2017, despite falling 1.9% from the fourth quarter of last year.
Additionally, after a temporary pullback, both consumer spending and business investment gained traction. Consumer spending, which accounts for a bulk of U.S. economic output, was revised upward from the preliminary reading of 0.3% to 0.6% in the second estimate. Also, business investment rose 11.9% in the first quarter, which is better than the previous estimate of 9.4%.
Housing Sector Recovery Stutters
The U.S. housing sector recovery remained on track despite the release of discouraging data on the sector. Housing starts declined 2.6% to an annual rate of 1.17 million while building permits also moved 2.5% lower. Existing-home sales declined 2.3% in April to a seasonally adjusted annual rate of 5.57 million, lagging the consensus estimate of 5.65 million.
New home sales declined by 11.4% to 569,000, in April 2017, also coming in below the consensus estimate of 610,000. The pending home sales index also suffering a similar fate, losing 1.3% to come in at 109.8 in April.
Shrinking supply has led to price levels increasing at the sharpest pace in almost three years. Consequently, the Case-Shiller 20-city home price index gained 5.9% on a yearly basis. However, market watchers still think that though the recovery is weakening, it is likely to continue. In keeping with such a view, the NAHB Housing Market index increased from 68 to 70 in May, marking its second highest reading since the recession of 2008.
Job Additions Rise, Unemployment Slips
The U.S. economy added 211,000 jobs in April, higher than the estimated level of 193,000. The strong payroll growth number was attributable to increase in jobs in leisure and hospitality, health care and social assistance, financial activities, and mining sectors.
Meanwhile, unemployment rate declined marginally from 4.5% to 4.4% in April, marking its lowest level since May 2007. The number of unemployed persons was 7.1 million, in April. The unemployment rate fell by 0.6% and the number of unemployed declined by 854,000 over the year. The "U-6," considered to be a broader measure of the unemployment as it includes those workers who are working part-time for purely economic reasons, declined to 8.6%.
Payrolls data also showed that the hourly pay rose 2.5% over the last twelve months. In April, average hourly wages for all employees on private nonfarm payrolls increased by 7 cents to $26.19. Additionally, the labor force participation rate for April changed little and held steady at 62.9%.
OPEC Output Cut Deal Extended
Oil prices recorded their third consecutive monthly loss in May even though the much awaited OPEC deal extension actually came through. Prospects that the deal would receive an extension buoyed oil prices over last month to a certain extent. Ultimately, on May 25, OPEC and 11 non-OPEC players decided to maintain to maintain existing production curbs for another nine months.
Despite such a move, crude went south as the broader market was expecting deeper cut from the oil producers or at least an extension of the prevailing curb for another 12 months. (Read: 4 Big Winners from the OPEC Output-Cut Deal )
Market watchers now think that the output cut extension and the summer driving season will be unable to dent global supplies significantly. The latest EIA data, which depicts a 6.3% increase in production year-over-year, hasn't helped matters. Over the month, prices declined by nearly 2.1% and West Texas Crude is currently languishing at a sub-$50 per barrel level.
Earnings Growth Hits Record Pace in Q1
The Q1 earnings season is effectively over now, with results from 492 S&P 500 members already out. Total earnings for these companies are up +13.5% from the same period last year on +7.2% higher revenues, with 72.6% beating EPS estimates and 65.2% beating revenue estimates.
These results represent a notable improvement over what we have been seeing from the same group of companies in other recent periods. While growth reached the highest level in more than 5 years, a bigger proportion of companies have been able to beat estimates, particularly revenue estimates.
For the Retail sector, total Q1 earnings are up +1.7% from the same period last year on +3.1% higher revenues, with 60% beating EPS estimates and 50% beating revenue estimates. The sector's Q1 results have been below other recent periods and are also among the weakest of all sectors this reporting cycle. (Read: Earnings Growth Likely Peaked in Q1 )
Trump Trade Peters Out
By the second week of the month, U.S. stocks were hovering near fresh highs, with Apple Inc.'s market value breaking the $800 billion mark for the first time, as the earnings trade replaced the Trump trade. President Trump terminated and removed FBI Director Comey on May 9, a development that few saw coming. This decision made equity strategists emphasize that the days of the Trump trade were over. (Read: Earnings Trade Replaces Trump Bump: 5 Top Gainers )
Earlier in May, Trump finally secured the necessary votes from House Republicans to pass the bill for repealing and replacing Obamacare with the revised American Health Care Act (AHCA). However, the fate of the bill is still uncertain, as it requires the Senate's approval before it goes to Trump for his signature. (Read: Trump Wins Healthcare Vote: ETFs to Watch )
The only White House-related development which left investors unperturbed was Trump's budget proposal, which was more or less in line with expectations. Trump's budget seeks to reduce federal spending by $3.6 trillion through cuts in healthcare and food assistance programs. However, the budget assumes the Trump administration will lower tax rates for corporate and households.
Fed Minutes Hint at Balance Sheet Trim
As per minutes released from the Federal Reserve's meeting held on 2-3 May, the central bank officials agreed to trim down its $4.5 trillion balance sheet. The Fed holds a massive portfolio of government debt, generated by purchasing treasury and mortgage-backed securities in the years after the financial crisis. According to the minutes, the central bank hinted that it may start unwinding the balance sheet later this year.
So far, the central bank has been reinvesting the proceeds it receives from maturing securities in more bonds. The central bank called for gradual reduction in the amount of bonds it would be purchasing each month. Fed is expected to set cap limits on the amount of securities it will agree to roll off each month without reinvesting. According to minutes, caps would be set at lower levels in an initial stage and then would be raised every three months.
In its minutes, the Fed indicated that it may raise interest rates in its next meeting in June. The minutes also revealed that most of the Fed policymakers agreed that it would "soon" be time to hike interest rates. Strong rate hike prospects and Fed's proposal to unwind its balance sheet boosted investor sentiment.
5 Star Performers for May
I ran a screen on Research Wizard for companies with the following parameters:
( Click here to sign up for a free trial to the Research Wizard today ):
Percentage price change over the last 4 weeks greater than or equal to 20%
Forward price-to-earnings ratio (P/E) for the current financial year (F1) less than or equal to 20. This picks out stocks that are good value choices
Expected earnings growth for the current financial year greater than or equal to 20%
Zacks Rank less than or equal to 2: This ascertains stocks that have shown above-average returns over the last 26 years.
(See the performance of Zacks' portfolios and strategies here: About Zacks Performance ).
Here are the top 5 stocks that made it through this screen:
SORL Auto Parts, Inc. (NASDAQ: SORL - Free Report ) specializes in the development, production and distribution of air brake valves and hydraulic brake valves.
Price gain over the last 4 weeks = 120.2%
Expected earnings growth for current year = 29%
SORL Auto Parts has a Zacks Rank #1 (Strong Buy). The stock's forward price-to-earnings ratio (P/E) for the current financial year (F1) is 6.76x.
Camtek Ltd. (NASDAQ: CAMT - Free Report ) designs, develops, manufactures and markets automatic optical inspection systems and related products.
Price gain over the last 4 weeks = 65.7%
Camtek has a Zacks Rank #2 (Buy) and its expected earnings growth for the current year is more than 100%. The stock has a P/E (F1) of 17.58x.
Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ) designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers.
Price gain over the last 4 weeks = 50.3%
Applied Optoelectronics has a P/E (F1) of 16.15x and its expected earnings growth for the current year is more than 100%. The stock holds a Zacks Rank #1.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
Flexible Solutions International Inc. (NYSEMKT: FSI - Free Report ) is an environmental technology company focusing on the research, development and manufacturing of products that save water and energy.
Price gain over the last 4 weeks = 33.6%
Flexible Solutions holds a Zacks Rank #1 and its expected earnings growth for the current year is more than 100%. The stock has a P/E (F1) of 5.49x.
Nobilis Health Corp. (NYSEMKT: HLTH - Free Report ) own and manage ambulatory and acute care facilities for healthcare services in the U.S.
Price gain over the last 4 weeks = 29.6%
Expected earnings growth for current year = 27.3%
Nobilis Health holds a Zacks Rank #1. The stock has a P/E (F1) of 12.50x.
Gains Likely to Continue in June
June typically marks the beginning of weak summer trade. Be it Lehman Bros' collapse or the Fed's stimulus scale back or Greece's running out of money or the more recent "Brexit" -- investors have had to absorb all these shocks in the month of June. But, rather than markets dealing with such big setbacks, the most likely outcome this time around will be a gradual uptick since economic and earnings scenarios are reassuring. (Read: 5 Stocks to Sizzle in Lazy June )
Investors will look toward encouraging economic data for support as the month progresses. If key indicators including GDP undergo upward improvements, gains are likely to continue for the bourses in the weeks ahead.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Get the full Report on SORL - FREE
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
SORL Auto Parts, Inc. (SORL): Free Stock Analysis Report
Camtek Ltd. (CAMT): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Flexible Solutions International Inc. (FSI): Free Stock Analysis Report
Nobilis Health Corp. (HLTH): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include SORL Auto Parts, Inc. (NASDAQ: SORL - Free Report ), Camtek Ltd. (NASDAQ: CAMT - Free Report ), Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ), Flexible Solutions International Inc. (NYSEMKT: FSI - Free Report ) and Nobilis Health Corp. (NYSEMKT: HLTH - Free Report ). Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ) designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. Get the full Report on SORL - FREE Get the full Report on CAMT - FREE Get the full Report on AAOI - FREE Get the full Report on FSI - FREE Get the full Report on HLTH - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Stocks recently featured in the blog include SORL Auto Parts, Inc. (NASDAQ: SORL - Free Report ), Camtek Ltd. (NASDAQ: CAMT - Free Report ), Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ), Flexible Solutions International Inc. (NYSEMKT: FSI - Free Report ) and Nobilis Health Corp. (NYSEMKT: HLTH - Free Report ). Click to get this free report SORL Auto Parts, Inc. (SORL): Free Stock Analysis Report Camtek Ltd. (CAMT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Flexible Solutions International Inc. (FSI): Free Stock Analysis Report Nobilis Health Corp. (HLTH): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ) designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers.
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Stocks recently featured in the blog include SORL Auto Parts, Inc. (NASDAQ: SORL - Free Report ), Camtek Ltd. (NASDAQ: CAMT - Free Report ), Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ), Flexible Solutions International Inc. (NYSEMKT: FSI - Free Report ) and Nobilis Health Corp. (NYSEMKT: HLTH - Free Report ). Get the full Report on SORL - FREE Get the full Report on CAMT - FREE Get the full Report on AAOI - FREE Get the full Report on FSI - FREE Get the full Report on HLTH - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Click to get this free report SORL Auto Parts, Inc. (SORL): Free Stock Analysis Report Camtek Ltd. (CAMT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Flexible Solutions International Inc. (FSI): Free Stock Analysis Report Nobilis Health Corp. (HLTH): Free Stock Analysis Report To read this article on Zacks.com click here.
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Stocks recently featured in the blog include SORL Auto Parts, Inc. (NASDAQ: SORL - Free Report ), Camtek Ltd. (NASDAQ: CAMT - Free Report ), Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ), Flexible Solutions International Inc. (NYSEMKT: FSI - Free Report ) and Nobilis Health Corp. (NYSEMKT: HLTH - Free Report ). Applied Optoelectronics, Inc. (NASDAQ: AAOI - Free Report ) designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. Get the full Report on SORL - FREE Get the full Report on CAMT - FREE Get the full Report on AAOI - FREE Get the full Report on FSI - FREE Get the full Report on HLTH - FREE Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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622bc359-f78d-413e-b731-b403cba5d0a6
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9997.0
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2017-06-02 00:00:00 UTC
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Itron (ITRI) Acquires Comverge to Improve Grid Solutions
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AAOI
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https://www.nasdaq.com/articles/itron-itri-acquires-comverge-to-improve-grid-solutions-2017-06-02
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nan
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nan
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Itron, Inc.ITRI completed the acquisition of Comverge by purchasing its parent company, Peak Holding Corp., for approximately $100 million. The definitive agreement between the two was announced in early May this year.
Comverge is an industry leading provider of integrated cloud-based demand response, energy efficiency and customer engagement solutions which enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance customer experience.
Utilities have been facing the growing need to meet energy efficiency regulations, enable customer choice in energy management and better optimize use of distributed energy resources. Thus, the combination of smart connected networks and demand side solutions is the key solution to this.
Itron, Inc. Price
Itron, Inc. Price | Itron, Inc. Quote
Notably, the combination of Comverge's solution with Itron's OpenWay Riva solution will enable utilities to improve its operational efficiency, distribution and energy efficiency. It will bring in new data and real-time awareness that promises to enhance consumer engagement experience.
The Comverge acquisition will enable Itron to offer a unique solution set that brings the former's demand management solutions to the edge of the network using OpenWay Riva's edge intelligence and processing capabilities.
Through this acquisition, Itron will help its utility customers to better facilitate grid performance and reliability, reduce peak demand, drive customer engagement and save energy. The buyout will also enhance Itron's portfolio of grid solutions.
Excluding acquisition and integration-related costs, amortization of acquired intangible assets and purchase accounting adjustments, the company anticipates that the acquisition will be neutral to non-GAAP earnings per share in 2017 and accretive beginning in 2018.
Itron's strategic plans include aggressively driving key operational and administrative efficiencies, implementing restructuring projects and realigning its supply chain. In addition, Itron continues to focus on expanding its portfolio of outcome-based solutions aimed at higher growth opportunities utilizing the power of OpenWay Riva platform.
Moreover, Itron has outperformed the Zacks classified Electronics Testing Equipment sub-industry over the past one year with respect to price performance. The stock rallied 54.4%, while the industry recorded growth of 48.7% over the same time frame.
Itron currently carries a Zacks Rank #3 (Hold).
Key Picks
Better-ranked stocks in the same space include APPLIED OPTOELECTRONICS, INC. AAOI , Teradyne, Inc. TER and Applied Materials, Inc. AMAT . All of these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
APPLIED OPTOELECTRONICS has a remarkable average positive earnings surprise of 118.33% for the last four quarters. Teradyne generated an average positive earnings surprise of 25.10% over the trailing four quarters. Applied Materials has delivered an average positive earnings surprise of 3.35% in the past four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
Itron, Inc. (ITRI): Free Stock Analysis Report
Teradyne, Inc. (TER): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Key Picks Better-ranked stocks in the same space include APPLIED OPTOELECTRONICS, INC. AAOI , Teradyne, Inc. TER and Applied Materials, Inc. AMAT . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Itron, Inc. (ITRI): Free Stock Analysis Report Teradyne, Inc. (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Itron's strategic plans include aggressively driving key operational and administrative efficiencies, implementing restructuring projects and realigning its supply chain.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Itron, Inc. (ITRI): Free Stock Analysis Report Teradyne, Inc. (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the same space include APPLIED OPTOELECTRONICS, INC. AAOI , Teradyne, Inc. TER and Applied Materials, Inc. AMAT . Comverge is an industry leading provider of integrated cloud-based demand response, energy efficiency and customer engagement solutions which enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance customer experience.
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Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Itron, Inc. (ITRI): Free Stock Analysis Report Teradyne, Inc. (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Key Picks Better-ranked stocks in the same space include APPLIED OPTOELECTRONICS, INC. AAOI , Teradyne, Inc. TER and Applied Materials, Inc. AMAT . Comverge is an industry leading provider of integrated cloud-based demand response, energy efficiency and customer engagement solutions which enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance customer experience.
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Key Picks Better-ranked stocks in the same space include APPLIED OPTOELECTRONICS, INC. AAOI , Teradyne, Inc. TER and Applied Materials, Inc. AMAT . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Itron, Inc. (ITRI): Free Stock Analysis Report Teradyne, Inc. (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Comverge is an industry leading provider of integrated cloud-based demand response, energy efficiency and customer engagement solutions which enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance customer experience.
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cd11e703-8a01-4600-a020-f07719f9d93f
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9998.0
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2017-06-02 00:00:00 UTC
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5 Stocks To Buy At The Top
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AAOI
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https://www.nasdaq.com/articles/5-stocks-buy-top-2017-06-02
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nan
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nan
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In looking at this market and the chatter that surrounds it I see two distinct views. There are those that are calling for a top, and those that want to hunt down and ruthlessly slaughter all the bears. I am on the side of the market moving higher, and not that I want to hunt the shorts and kill the bears, I just want to find the best growth stocks out there. That said, if there are some shorts that I have to step on along the way, so be it.
Putting cash to work with the market at all time high is always a tough thing to do. Let's face it when you are the one paying the price that will be another new record high, you could end up calling the top. Then again, that scenario has happened countless times over the last 9 years so you may only hold the " bravdo " title for a moment or two before another investor comes along to pay more. Of course the key is the reason for paying more, and if there is growth, then the reason is more often than not a valid one.
Well that is enough from me on my soap box , let's get to some stock ideas to buy at the top of the market. The first thing I want to do is get a list of the stocks that are seeing earnings estimate revisions higher. The Zacks Rank does just that for me and when I select all the Zacks Rank #1 (Strong Buy) stocks I have already substantially narrowed down the list of stocks to buy. The next thing I want to focus on is stocks with a growth style score of "A" as I want to be buying growth at the top, not value.
Follow Brian Bolan on Twitter: @BBolan1
The Fighting 46
There are 46 stocks that have a Zacks Rank #1 (Strong Buy) and a growth style score of "A" and I see a few chip related names right off the bat so I pretty much have to mention them. I also see a specialty retailer, and just because that whole sector has been hammered of late it would be good to review that name as well. Finally, I will touch on a stock that didn't make the list but should be on your radar.
Applied Optoelectronics (AAOI) was recently reviewed in a Zacks Rank Buy video. The aggressive growth stock strategist at Zacks Investment Research reviewed why the stock was a Zacks Rank #1 (Strong Buy) and a quick look at the chart. The video can be seen below.
Ichor Holdings (ICHR) is also reviewed in the video below. I particularly like the 11x forward multiple for this stock along with the outstanding growth in earnings estimates. This stock is in the semi conductor capital equipment space, and it tends to move a little ahead of the other broader chip plays.
MKS Instruments (MKSI) saw a great month of April but has traded in a tight range for May. Could June see another leg higher for this stock? I like that idea as it has a lot going for it, including a Zacks Rank #1 (Strong Buy) and a growth style score of "A." At 16x forward earnings the value investor in you shouldn't stop you from buying this stock that reached a new 52 week high today at $85.00.
Specialty Retailer
Given what we have seen from several department stores and other retailers this year, it is hard to imagine that specialty retailer made this list. It tells me that this stock is bucking the trend and that alone will get portfolio managers interested in the name. When you have to have a percentage of your funds invested in the retail space, you tend to overweight the names that are doing the best. This is just that type of stocks.
Big Five Sporting Goods (BGFV) is a Zacks Rank #1 (Strong Buy) and carries a growth style score of "A" but is a healthy distance from hitting a new 52 week high today. I see the stock at about $14, and that is well below the $20.35 52 week high. I see a solid beat at the start of the month, but the stock was punished with the rest of the group as the retail sector was thrashed. If you are looking for a "bottom fishing" style play at the top, this would be a good one.
Big 5 Sporting Goods Corporation Price and Consensus
Big 5 Sporting Goods Corporation Price and Consensus | Big 5 Sporting Goods Corporation Quote
Deal Radar
The other week we heard that private equity was looking at making a play for Web.com (WEB). This is a Zacks Rank #3 (Hold) with a growth style score of "C" so why am I talking about it here? Well the deal speculation is still out there even in volume is not. I see about 160K shares traded so far today, and that is well below the normal amount. In fact, volume has dropped off somewhat significantly since the news broke that a deal could be around the corner.
I looked deeper into the story and I think it makes sense that private equity concerns would want to buy this company. There are a few groups that have a high degree of expertise in the in space and the fact is that WEB is seeing minimal growth right now. That said, an above average ARPU and solid revenue run rate tells me that there is good potential here. One analyst has suggested that $30 could be the number that gets the deal done, but after I kicked the tires, I wouldn't be surprised by a $28 price.
Web.com Group, Inc. Price and Consensus
Web.com Group, Inc. Price and Consensus | Web.com Group, Inc. Quote
Keep in mind this important piece of the puzzle. Volume spiked on the story of the deal, but has dropped off significantly since then. What hasn't dropped off is the price, as this stock hit a new 52 week high of $23.65 today amid more low volume. This tells me that holders are not willing to give up their shares which only makes the deal rumor that much strong. Deals like then tend to get announced on a Monday… so being long this stock over the weekend isn't a bad idea even with the market at the top.
Follow Brian Bolan on Twitter: @BBolan1
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Web.com Group, Inc. (WEB): Free Stock Analysis Report
MKS Instruments, Inc. (MKSI): Free Stock Analysis Report
Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report
Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Applied Optoelectronics (AAOI) was recently reviewed in a Zacks Rank Buy video. Click to get this free report Web.com Group, Inc. (WEB): Free Stock Analysis Report MKS Instruments, Inc. (MKSI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Follow Brian Bolan on Twitter: @BBolan1 The Fighting 46 There are 46 stocks that have a Zacks Rank #1 (Strong Buy) and a growth style score of "A" and I see a few chip related names right off the bat so I pretty much have to mention them.
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Click to get this free report Web.com Group, Inc. (WEB): Free Stock Analysis Report MKS Instruments, Inc. (MKSI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics (AAOI) was recently reviewed in a Zacks Rank Buy video. The aggressive growth stock strategist at Zacks Investment Research reviewed why the stock was a Zacks Rank #1 (Strong Buy) and a quick look at the chart.
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Click to get this free report Web.com Group, Inc. (WEB): Free Stock Analysis Report MKS Instruments, Inc. (MKSI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics (AAOI) was recently reviewed in a Zacks Rank Buy video. The Zacks Rank does just that for me and when I select all the Zacks Rank #1 (Strong Buy) stocks I have already substantially narrowed down the list of stocks to buy.
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Applied Optoelectronics (AAOI) was recently reviewed in a Zacks Rank Buy video. Click to get this free report Web.com Group, Inc. (WEB): Free Stock Analysis Report MKS Instruments, Inc. (MKSI): Free Stock Analysis Report Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report Big 5 Sporting Goods Corporation (BGFV): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. I am on the side of the market moving higher, and not that I want to hunt the shorts and kill the bears, I just want to find the best growth stocks out there.
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25f06da4-f7d3-4781-8443-7501de4066b1
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9999.0
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2017-06-02 00:00:00 UTC
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Ciena (CIEN) Q2 Earnings, Revenues Surpass Estimates
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AAOI
|
https://www.nasdaq.com/articles/ciena-cien-q2-earnings-revenues-surpass-estimates-2017-06-02
|
nan
|
nan
|
Ciena Corp . CIEN reported second-quarter fiscal 2017 non-GAAP earnings (excluding stock-based compensation) of 45 cents, which increased 32.4% on a year-over-year basis. Including stock-based compensation, earnings were 38 cents per share, which beat the Zacks Consensus Estimate of 29 cents.
Ciena reported revenues of $707 million, up 10.3% year over year and ahead of the Zacks Consensus Estimate of $694 million.
The impressive results and positive third-quarter guidance possibly led to the 15.8% increase in share price, which closed at $27.19 on Jun 1.
We also note that shares of the company have outperformed the Zacks Fiber-Optics Market on a year-to-date basis. While the industry lost 9.2%, the stock gained 11.4%.
Quarterly Details
Product revenues (82.7% of revenues) were up 11.6% year over year to $584.6 million. Services revenues (17.3% of revenues) increased 4.8% year over year to $122.3 million.
Segment-wise, networking platforms (80.8% of total revenue) grew 11.57% year over year to $571.5 million, impacted by the addition of 12 new customers in the 8,700 platform and WaveServer.
Revenues from Software and software-related services (5.4% of total revenue) soared 23% year over year to $37.7 million, driven by accelerated software subscription.
Global services revenues (13.8% of total revenue) declined 0.2% from the year-ago quarter to $97.8 million.
Ciena Corporation Price, Consensus and EPS Surprise
Ciena Corporation Price, Consensus and EPS Surprise | Ciena Corporation Quote
Region-wise, Ciena's revenues grew 7.3% in North America, 9% in Europe, Middle East and Africa (EMEA), 56.8% in Asia Pacific (APAC), but fell 41% in the Caribbean and Latin America.
The huge growth in APAC was primarily driven by revenue contribution from India, which amounted to almost $100 million in the first half of fiscal 2017.
U.S. customers accounted for 60% of its revenues, of which 10% was contributed by one major customer.
The company's adjusted gross margin expanded 70 basis points (bps) year over year to 45.5% while adjusted operating margin expanded 290 bps to 10.8%.
Balance Sheet
The company ended the quarter with cash and investments of $993.3 million.
Ciena generated solid operating cash flow of $72 million in the quarter compared with approximately $23.4 million in the prior quarter.
Guidance
Ciena also provided its guidance for third-quarter fiscal 2017. Revenues for the current quarter are forecast in the range of $710-$740 million. Non-GAAP gross margin is projected to be approximately in the mid-40% range. Non-GAAP operating expenses are projected to be $235 million.
Our Take
We believe the new 400 gig per wavelength chip, Wavelogic AI, which will be available in summer this year will boost revenues. Being the first of its kind, the product will provide the company an early mover advantage.
Apart from this, the newly launched product Liquid Spectrum has leveraged the company's growth. Lastly, the long-term opportunities of developing 5G technologies for service providers and Fiber Deep cable MSO customers will also have a positive role to play in further fiber densification of the network.
Ciena is also anticipating stabilized growth in the EMEA zone. The company's revenues are expected to benefit from its flourishing software segment. It maintains its leading position in the submarine cable upgrade market. All these bode well for fiscal 2017.
However, the company is likely to be affected by increasing competition from other key players in the market like Cisco CSCO and Juniper Networks JNPR .
Zacks Rank and Stocks to Consider
Ciena carries a Zacks Rank #3 (Hold).
A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The long-term earnings growth rate for Applied Optoelectronics is projected to be 20%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cisco Systems, Inc. (CSCO): Free Stock Analysis Report
Juniper Networks, Inc. (JNPR): Free Stock Analysis Report
Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report
Ciena Corporation (CIEN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. CIEN reported second-quarter fiscal 2017 non-GAAP earnings (excluding stock-based compensation) of 45 cents, which increased 32.4% on a year-over-year basis.
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Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Ciena Corporation Price, Consensus and EPS Surprise Ciena Corporation Price, Consensus and EPS Surprise | Ciena Corporation Quote Region-wise, Ciena's revenues grew 7.3% in North America, 9% in Europe, Middle East and Africa (EMEA), 56.8% in Asia Pacific (APAC), but fell 41% in the Caribbean and Latin America.
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Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Ciena reported revenues of $707 million, up 10.3% year over year and ahead of the Zacks Consensus Estimate of $694 million.
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A better-ranked stock in the broader technology space is Applied Optoelectronics, Inc. AAOI , sporting a Zacks Rank #1 (Strong Buy). Click to get this free report Cisco Systems, Inc. (CSCO): Free Stock Analysis Report Juniper Networks, Inc. (JNPR): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Ciena Corporation (CIEN): Free Stock Analysis Report To read this article on Zacks.com click here. Ciena reported revenues of $707 million, up 10.3% year over year and ahead of the Zacks Consensus Estimate of $694 million.
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15780603-d23d-416b-867e-d2e097684a1b
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