Latest news with #XLK
Yahoo
6 hours ago
- Business
- Yahoo
Do Wall Street Analysts Like Fortinet Stock?
Sunnyvale, California-based Fortinet, Inc. (FTNT) provides network security appliances and unified threat management network security solutions to enterprises, service providers, and government entities. With a market cap of $80.3 billion, Fortinet's operations span various countries in North America, Latin America, EMEA, and Asia-Pacific. The tech giant has significantly outperformed the broader market over the past year. FTNT stock prices soared 10.9% in 2025 and 82.6% over the past year, outpacing the S&P 500 Index's ($SPX) 8.3% gains in 2025 and 16.6% surge over the past year. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock? Earnings Will Be 'Worse Than Expected' for UnitedHealth. How Should You Play UNH Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Narrowing the focus, while Fortinet has slightly lagged behind the Technology Select Sector SPDR Fund's (XLK) 13.6% gains on a YTD basis, it has significantly outpaced XLK's 22.7% returns over the past 52 weeks. Despite beating the Street's expectations, Fortinet's stock price plunged 8.4% in the trading session after the release of its Q1 results on May 7. Driven by growth in product and service revenues, the company's overall topline surged 13.8% year-over-year to $1.5 billion, exceeding the consensus estimates by a small margin. Furthermore, its non-GAAP operating margin expanded by 570 basis points year-over-year to a first quarter record of 34%, leading to a 36.3% growth in non-GAAP operating income to $526.2 million. Meanwhile, its non-GAAP EPS of $0.58 surpassed the Street's estimates by 9.4%. However, the company's full-year guidance failed to meet expectations and made investors jittery. For the full fiscal 2025, analysts expect Fortinet to deliver an adjusted EPS of $2.49, marking a 5% growth year-over-year. Further, the company has a solid earnings surprise history. It has surpassed the Street's bottom-line estimates in each of the past four quarters. Fortinet has a consensus 'Moderate Buy' rating overall. Of the 41 analysts covering the stock, opinions include 13 'Strong Buys,' 26 'Holds,' and two 'Strong Sells.' This configuration has been mostly stable over the past months. On Jun. 18, Rosenblatt Securities analyst Catharine Trebnick maintained a 'Buy' rating on Fortinet and set a price target of $125. FTNT's mean price target of $108.65 suggests a modest 3.7% upside from current price levels, while the street-high target of $135 represents a 28.9% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
2 days ago
- Business
- Yahoo
Adobe's Q3 2025 Earnings: What to Expect
San Jose, California-based Adobe Inc. (ADBE) operates as a global technology company. With a market cap of $157.3 billion, the company operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. ADBE is set to report its Q3 earnings on Thursday, September 11. Ahead of the event, analysts expect ADBE to report an EPS of $4.21 per share, up 10.5% from a profit of $3.81 per share reported in the year-ago quarter. It has exceeded or met analysts' earnings estimates in each of the past four quarters, which is impressive. More News from Barchart Warren Buffett Warns Inflation Turns Business Into 'The Upside-Down World of Alice in Wonderland' But Weeds Out 'Bad Businesses' Why GOOGL Stock May Be the Market's Next Big Winner Alphabet Posts Lower Free Cash Flow and FCF Margins - Is GOOGL Stock Overvalued? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2025, analysts expect ADBE to report an EPS of $16.92, up 13.6% from $14.90 in fiscal 2024. Moreover, in fiscal 2026, its EPS is expected to grow 13.7% year over year to $19.23. ADBE stock has declined 30.3% over the past 52 weeks, underperforming the Technology Select Sector SPDR Fund's (XLK) 22.7% surge and the S&P 500 Index's ($SPX) 18.3% uptick during the same time frame. On July 2, Adobe stock closed down more than 3% after Rothchild & Co. downgraded the stock to "Sell" from "Hold" with a price target of $280. Moreover, analysts remain somewhat bullish about ADBE stock's future prospects, with a "Moderate Buy" rating overall. Among 34 analysts covering the stock, 23 recommend a 'Strong Buy,' two suggest a 'Moderate Buy,' eight advise a 'Hold,' and the remaining analyst gives a 'Strong Sell.' ADBE's mean price of $494.73 implies a premium of 33.4% from its prevailing price level. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
5 days ago
- Business
- Yahoo
NVIDIA's Q2 2026 Earnings: What to Expect
Valued at a market cap of $4.2 trillion, NVIDIA Corporation (NVDA) is a leading computing infrastructure company headquartered in Santa Clara, California. Initially known for inventing the Graphics Processing Unit (GPU), NVIDIA has evolved into a leader in accelerated computing, driving innovation across various industries, including gaming, data centers, AI, autonomous vehicles, robotics, and healthcare. It is expected to announce its fiscal Q2 earnings for 2026 after the market closes on Wednesday, Aug. 27. Ahead of this event, analysts expect this semiconductor giant to report a profit of $0.94 per share, up 44.6% from $0.65 per share in the year-ago quarter. The company has topped Wall Street's earnings estimates in three of the last four quarters, while missing on another occasion. In Q1, NVDA's EPS of $0.81 fell short of the forecasted figure by 4.7%. More News from Barchart UnitedHealth Stock Spirals Lower Again. Don't Buy the Dip. This Self-Driving Car Stock Is Surging on a Major Nvidia Boost Auto Revenue Keeps Plunging at Tesla. Should You Buy the TSLA Stock Dip or Run Far Away? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2026, analysts expect NVDA to report a profit of $4.02 per share, up 37.2% from $2.93 per share in fiscal 2025. Furthermore, its EPS is expected to grow 32.8% year-over-year to $5.34 in fiscal 2027. NVIDIA has rallied 52.1% over the past 52 weeks, considerably outperforming both the S&P 500 Index's ($SPX) 17.3% return and the Technology Select Sector SPDR Fund's (XLK) 21.1% uptick over the same time frame. On May 28, NVIDIA released mixed Q1 results, and its shares surged 3.3% in the following trading session. The company's revenue improved by an impressive 69.2% year-over-year to $44.1 billion, surpassing consensus estimates by 2.7%. However, while its adjusted EPS of $0.81 advanced 32.8% from the same period last year, it missed the analyst expectations by 4.7%. On Apr. 9, NVIDIA was informed by the U.S. government that a license is required for the export of its H20 products to the Chinese market. As a result of these new requirements, NVIDIA incurred a $4.5 billion charge in Q1, which impacted its profitability, leading to the bottom-line miss. Wall Street analysts are highly optimistic about NVDA's stock, with an overall "Strong Buy" rating. Among 45 analysts covering the stock, 39 recommend "Strong Buy," two indicate "Moderate Buy," three advise 'Hold,' and one suggests a "Strong Sell' rating. The mean price target for NVDA is $182.60, implying a 5.1% premium from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
18-07-2025
- Business
- Yahoo
What You Need to Know Ahead of Intel's Earnings Release
Santa Clara, California-based Intel Corporation (INTC) designs, develops, manufactures, markets, and sells computing and related products and services worldwide. With a market cap of $99 billion, the company operates through Intel Products, Intel Foundry, and All Other segments. INTC is poised to report its fiscal 2025 Q2 earnings on Thursday, July 24, after the market closes. Ahead of this event, analysts expect the company to report a loss of $0.14 per share, flat year-over-year from the year-ago quarter. The company has surpassed the Street's bottom-line projections in two of the past four quarters, while missing on two occasions. More News from Barchart Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China Dear Tesla Stock Fans, Mark Your Calendars for July 23 Robinhood Keeps Hitting New Highs. How Should You Play HOOD Stock Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts expect INTC's loss to narrow 64.7% to $0.30, from a loss per share of $0.85 in fiscal 2024. Furthermore, its EPS is expected to grow 150% year over year to $0.15 in fiscal 2026. INTC stock has declined 33.8% over the past 52 weeks, underperforming the Technology Select Sector SPDR Fund's (XLK) 16.4% surge and the S&P 500 Index's ($SPX) 12.7% uptick during the same time frame. On Apr. 24, Intel stock grew 4.4% following the release of its Q1 results. The company's revenue came in at $12.7 billion, a slight decline from the year-ago quarter that surpassed Wall Street estimates. Moreover, INTC's adjusted loss per share for the quarter declined 27.8% year-over-year to $0.02 and surpassed the consensus estimates by 85.7%. Wall Street analysts are skeptical about INTC's stock, with a "Hold" rating overall. Among 38 analysts covering the stock, one suggests a 'Strong Buy,' 32 recommend a 'Hold,' and five recommend a 'Strong Sell.' While INTC currently trades above its mean price target of $22.68, the Street-high target of $62 indicates a potential upswing of 171.9% from the current market price. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on 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
16-07-2025
- Business
- Yahoo
Here's What to Expect From Zebra Technologies' Next Earnings Report
Valued at a market cap of $16.4 billion, Zebra Technologies Corporation (ZBRA) provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry. The Lincolnshire, Illinois-based company's portfolio includes barcode scanners, mobile computers, RFID readers, specialty printers, and software solutions used across sectors such as retail, healthcare, logistics, manufacturing, and government. It is expected to announce its fiscal Q2 earnings for 2025 before the market opens on Tuesday, Aug. 5. Ahead of this event, analysts expect this tech company to report a profit of $2.80 per share, up 5.7% from $2.65 per share in the year-ago quarter. The company has topped Wall Street's earnings estimates in three of the last four quarters, while missing on another occasion. In Q1, ZBRA's EPS of $4.02 outpaced the forecasted figure by 11.7%. Dear Nvidia Stock Fans, Mark Your Calendars for July 16 How to Buy Tesla for a 13% Discount, or Achieve a 26% Annual Return Retirement Ready: 3 Dividend Stocks to Set and Forget Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts expect ZBRA to report a profit of $12.12 per share, up 2.4% from $11.84 per share in fiscal 2024. Furthermore, its EPS is expected to grow 18.5% year-over-year to $14.36 in fiscal 2026. Shares of ZBRA have declined 2.4% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 10.9% uptick and the Technology Select Sector SPDR Fund's (XLK) 10.1% return over the same time frame. On Apr. 29, shares of ZBRA surged 5.2% after its better-than-expected Q1 earnings release. The company's revenue improved 11.3% year-over-year to $1.3 billion, surpassing the consensus estimates by 2.3%. Moreover, due to a solid growth in both its adjusted gross and operating profit margins, its adjusted EPS of $4.02 advanced 41.5% from the year-ago quarter and topped analyst expectations by a notable margin of 11.7%. Wall Street analysts are moderately optimistic about ZBRA's stock, with a "Moderate Buy" rating overall. Among 16 analysts covering the stock, nine recommend "Strong Buy," one indicates a "Moderate Buy," and six suggest "Hold.' The mean price target for ZBRA is $347.64, indicating an 8.8% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
