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 […]
La-Z-Boy Incorporated (NYSE: LZB) is slated to report its fourth-quarter fiscal 2024 earnings on Jun 17, after market close. In the last reported quarter, the company’s earnings per share of 67 cents missed the Zacks Consensus Estimate of 75 cents and declined from the year-ago figure of 91 cents. Net sales of $500 million missed […]
Needham & Co. analyst Mike Matson upgraded Haemonetics Corporation (NYSE:HAE) from Hold to Buy with a price target of $112. The analyst says that Haemonetics has reaffirmed its “high-20%” FY26 operating margin goal. To reach this, the company must improve by approximately 600 basis points from its FY24 margin of 21.1%, writes the analyst. While […]
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 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 […]
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 […]
Investors might want to bet on ReNew Energy Global PLC (NASDAQ: RNW), as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates — one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company’s changing earnings […]
Investors might want to bet on Mercury General (NYSE: MCY), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates — one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company’s changing earnings picture. […]
Investors might want to bet on Sasol (NYSE: SSL), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates — one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company’s […]
Shares of Adobe Inc (NASDAQ:ADBE) were climbing in early trading on Wednesday, ahead of the release of the company’s fiscal second-quarter results on Thursday. Expectations for the company’s upcoming quarterly results are “depressed,” according to JPMorgan. The Adobe Analyst: Mark Murphy maintained a Neutral rating and price target of $570 on the stock. The Adobe […]