Latest news with #WamsiMohan
Yahoo
a day ago
- Business
- Yahoo
Pure Storage Margin To Expand From NAND Pricing Weakness: Analyst
B of A Securities analyst Wamsi Mohan revised full-year estimates for Pure Storage, Inc. (NYSE:PSTG) ahead of its earnings release on May 28. The analyst forecasts first quarter fiscal 2026 revenue and EPS at $772 million and 26 cents, respectively, slightly ahead of Street expectations of $770 million and 25 cents. The analyst highlighted that the first quarter is typically the company's weakest from a seasonal perspective. Historically, since 2016, the first quarter has shown an average sequential revenue decline of 16%.Mohan sees a more moderate 12% quarter/quarter (Q/Q) decline, slightly above typical seasonality, reflecting continued momentum from FlashBlade/E adoption. Despite the continued adoption of FlashBlade/E, which is expected to negatively impact product margins in the first fiscal quarter, the analyst forecasts an operating margin of 10.7%. This is higher than both the Street's estimate of 10.6% and the company's guidance of 10.4%. The analyst noted that the primary driver for this stronger-than-expected operating margin is robust subscription margins. Also, the analyst estimates the second quarter revenue to be $835 million, slightly below the Street estimate of $839 million. The analyst expects the recent weakness in NAND pricing to support margin expansion in the second and third quarters. PSTG typically prebuys raw NAND during weakness in NAND pricing, and the analyst expects some offset to margins from this. The analyst anticipates PSTG to reiterate its full-year operating margin guidance of 17%. Mohan expects an enterprise IT spending pause in the second and third quarters of 2025 due to macro uncertainty, broadly impacting IT hardware but especially storage (due to deferrable purchases). Increased competition from Dell Technologies Inc.'s (NYSE:DELL) new products and aggressive pricing is also expected to limit the upside in the storage industry. Apart from this, Mohan revised EPS for FY27 to $2.07 (from $2.06) and FY28 to $2.46 (from $2.49 earlier). The analyst states the upside risks to the price forecast include a faster commercial segment recovery, lower flash costs, quicker supply chain recovery, and unexpected market share gains. The downside risks are an extended economic slowdown, rising costs, intense competition from established vendors (NetApp, Inc. (NASDAQ: NTAP), Dell-EMC, Hewlett Packard Enterprise (NYSE:HPE)) and private companies, enterprise migration to the public cloud, execution challenges from high growth, and potential erosion of its software competitive advantage. The analyst maintained a Neutral rating with a price forecast of $73 as product growth has yet to re-accelerate, hyperscaler deals remain a future catalyst, and competitive pressure from HDD and ongoing investments present margin risk. Investors can gain exposure to the stock via First Trust Cloud Computing ETF (NASDAQ:SKYY) and Collaborative Investment Series Trust Mohr Company Nav ETF (BATS:CNAV). Price Action: PSTG shares are trading lower by 0.08% to $55.40 at last check Tuesday. Read Next:Date Firm Action From To Mar 2022 Morgan Stanley Maintains Equal-Weight Mar 2022 Barclays Maintains Overweight Mar 2022 Wells Fargo Maintains Overweight View More Analyst Ratings for PSTG View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Pure Storage Margin To Expand From NAND Pricing Weakness: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
BofA Maintains Neutral Rating on Amphenol (APH), Lifts PT
On Thursday, BofA analyst Wamsi Mohan raised the price target on Amphenol Corp. (NYSE:APH) to $90 from $85, while keeping a Neutral rating on the shares. T his adjustment followed NVIDIA Corp.'s (NASDAQ:NVDA) announcement of NVLink Fusion at Computex 2025 earlier this week. NVLink Fusion is designed to provide NVLink to cloud service providers/CSPs, which enables them to connect Nvidia GPUs with ARM-based CPUs from QUALCOMM Inc. (NASDAQ:QCOM) and Fujitsu. A team of technicians assembling a complex electrical connector in a factory environment. Mohan believes this development could be a positive catalyst for Amphenol's estimates, although the analyst also suggested that CSPs may continue to favor traditional NVIDIA Grace Blackwell 200 and 300 series products. Amphenol reported strong financial results for Q1 2025, where the company reported record adjusted diluted EPS of $0.63, which was up 58% from $0.40 year-over-year. The acquisition of Andrew Corporation from Commscope Holding Company Inc. (NASDAQ:COMM) is also expected to add ~$0.09 to earnings for the full year 2025. Amphenol anticipates elevated capital spending in Q2 2025 to support growth in the IT datacom market and acknowledged potential impacts from tariffs, which may require strategic management to mitigate costs. Amphenol Corp. (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the US, China, and internationally. While we acknowledge the potential of APH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APH and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
BofA Maintains Neutral Rating on Amphenol (APH), Lifts PT
On Thursday, BofA analyst Wamsi Mohan raised the price target on Amphenol Corp. (NYSE:APH) to $90 from $85, while keeping a Neutral rating on the shares. T his adjustment followed NVIDIA Corp.'s (NASDAQ:NVDA) announcement of NVLink Fusion at Computex 2025 earlier this week. NVLink Fusion is designed to provide NVLink to cloud service providers/CSPs, which enables them to connect Nvidia GPUs with ARM-based CPUs from QUALCOMM Inc. (NASDAQ:QCOM) and Fujitsu. A team of technicians assembling a complex electrical connector in a factory environment. Mohan believes this development could be a positive catalyst for Amphenol's estimates, although the analyst also suggested that CSPs may continue to favor traditional NVIDIA Grace Blackwell 200 and 300 series products. Amphenol reported strong financial results for Q1 2025, where the company reported record adjusted diluted EPS of $0.63, which was up 58% from $0.40 year-over-year. The acquisition of Andrew Corporation from Commscope Holding Company Inc. (NASDAQ:COMM) is also expected to add ~$0.09 to earnings for the full year 2025. Amphenol anticipates elevated capital spending in Q2 2025 to support growth in the IT datacom market and acknowledged potential impacts from tariffs, which may require strategic management to mitigate costs. Amphenol Corp. (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the US, China, and internationally. While we acknowledge the potential of APH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APH and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Amphenol (APH) May Ride Nvidia's AI Wave, Says BofA Analyst
We recently published a list of . In this article, we are going to take a look at where Amphenol Corporation (NYSE:APH) stands against other AI stocks on Wall Street's radar. Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors. On May 22, BofA analyst Wamsi Mohan raised the firm's price target on the stock to $90 from $85 and kept a 'Neutral' rating on the shares. The reaffirmation follows Nvidia's announcement of NVLink Fusion at Computex 2025 earlier in the week. A team of technicians assembling a complex electrical connector in a factory environment. The NVLink Fusion is Nvidia's latest silicon technology that lets industries build semi-custom AI infrastructure. NVLink Fusion will allow the company to provide NVLink to cloud service providers, allowing CSPs to connect Nvidia GPUs with ARM-based CPUs from companies such as Qualcomm and Fujitsu. As such, the announcement of NVLink Fusion is supposedly a tailwind to Amphenol's estimates. However, there is also the belief that CSPs may continue to prefer using the traditional Nvidia Grace Blackwell 200 and 300s. Overall, APH ranks 8th on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of APH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Amphenol (APH) May Ride Nvidia's AI Wave, Says BofA Analyst
We recently published a list of . In this article, we are going to take a look at where Amphenol Corporation (NYSE:APH) stands against other AI stocks on Wall Street's radar. Amphenol Corporation (NYSE:APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors. On May 22, BofA analyst Wamsi Mohan raised the firm's price target on the stock to $90 from $85 and kept a 'Neutral' rating on the shares. The reaffirmation follows Nvidia's announcement of NVLink Fusion at Computex 2025 earlier in the week. A team of technicians assembling a complex electrical connector in a factory environment. The NVLink Fusion is Nvidia's latest silicon technology that lets industries build semi-custom AI infrastructure. NVLink Fusion will allow the company to provide NVLink to cloud service providers, allowing CSPs to connect Nvidia GPUs with ARM-based CPUs from companies such as Qualcomm and Fujitsu. As such, the announcement of NVLink Fusion is supposedly a tailwind to Amphenol's estimates. However, there is also the belief that CSPs may continue to prefer using the traditional Nvidia Grace Blackwell 200 and 300s. Overall, APH ranks 8th on our list of AI stocks on Wall Street's radar. While we acknowledge the potential of APH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
