Broadcom 10 for 1 stock climbs 242 points on future guidance

whose shares have also jumped. The chip and software maker’s stock has grown more expensive as surging demand for artificial-intelligence-related products buoy shares. Broadcom on Wednesday reported another quarter of strong demand, with about one-quarter of its sales coming from AI products. Broadcom Q2 earnings snapshot ・Earned $2.12 billion versus the year-ago $3.48 billion ・Per-share […]

Cloud Should Be An Outsized Growth Driver For Ciena Across Fiscal 2025: Morgan Stanley Analyst

Morgan Stanley analyst Meta Marshall upgraded Ciena Corp (NYSE:CIEN) from Equal-Weight to Overweight and raised the price target from $53 to $55. In CIEN’s fiscal second-quarter print, Marshall was slightly more cautious given the challenging fiscal 2024 setup, where he saw a risk to Street estimates that implied a hockey-stick inflection in the year’s second half. However, post-cut […]

Oracle Rides Strong On The AI Wave, Despite Q4 Revenue Miss: 8 Analysts’ Insights

Oracle Corp (NYSE:ORCL) shares were climbing on Wednesday after the company reported its quarterly results. The results came amid an exciting earnings season. Here are some key analyst takeaways. Piper Sandler On Oracle Analyst Brent Bracelin maintained an Overweight rating, while raising the price target from $140 to $150. Oracle’s reported quarterly revenue miss of […]

BorgWarner Upgraded to Buy: Here’s Why

Investors might want to bet on BorgWarner (NYSE: BWA), as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates — one of the most powerful forces impacting stock prices — has triggered this rating change. The Zacks rating relies solely on a company’s changing earnings picture. It […]