Company Notes
October 20, 2022
We think there is another “shoe to drop” on Street estimates for Seagate (STX; $54.19; E/W) with its FQ1 (Sept) results and outlook, scheduled for next Wednesday (10/26 before market), even after a recent series…
October 20, 2022
We think risk/reward on the shares of Corning (GLW; $31.42; O/P) leans positive into its Q3 print, scheduled for Tuesday (10/25 before market). The stock is now down 28% from its 52-week high, including -16%…
October 19, 2022
Recent news out of Uber Technologies (UBER; $27.52; O/P) highlighted its focus on adding to its robust list of on-demand delivery partnerships, including further opportunities to expand non-restaurant delivery category reach, which remains an important…
October 19, 2022
We expect our 2022/2023E EPS for Amphenol (APH; $70.07; E/W) to generally “hold up” after it reports Q3 results and outlook next Wednesday (10/26 before market) given the healthy current state of backlogs. We assume…
October 18, 2022
Yesterday, Bird Global (BRDS; $0.37) disclosed in a blog post that its shared micro-mobility vehicles are no longer available in Germany, Norway and Sweden, and that the company also plans to wind down operations in…
October 18, 2022
Yesterday, Lyft (LYFT; $13.09; O/P) disclosed that the company is increasing the service fee it charges to U.S. riders on its rideshare network to cover higher insurance costs. We think this announcement highlights one of…
October 17, 2022
We reiterate our Outperform on the shares of Flex (FLEX; $17.42) ahead of FQ2E (Sept) results and outlook, scheduled for next Wednesday (10/27 after market). We think the combination of the stock’s depressed valuation, recently…
October 17, 2022
This morning, DoorDash (DASH; $45.89; E/W) announced it is expanding its advertising platform by launching a new set of “self-serve” ad solutions that build on an existing suite of marketing solutions for consumer-packaged goods (CPG)…
October 17, 2022
We think a recently more conservative guide vs. peers from Sensata (ST; $37.92; O/P) leads to some Q3E upside when the company reports next week (10/25 before market). We also see Q4E guidance at least…
October 17, 2022
We see TE Connectivity’s (TEL; $107.52; E/W) record backlog levels protecting against major disappointments, despite rising macro concerns, when it reports its FQ4 (Sept) on 11/2 (before market). However, we expect to see a noticeable…
October 14, 2022
On Wednesday (10/12), Dell Technologies (DELL; $34.99; E/W) introduced Project Frontier, which is a software platform for edge compute applications that the company sees seamlessly integrating with its hardware portfolio (e.g., commercial PCs, servers, gateways)….
October 14, 2022
Yesterday, DoorDash (DASH; $45.91; E/W) announced a tie-up with CleanCloud, which is a point-of-sale (POS) software platform, in order to offer on-demand delivery and pickup services for laundromats and dry cleaners. This announcement is another…