Company Notes

This morning, Tritium (DCFC; $2.36; O/P) announced a partnership with DC-America, which designs and installs battery electric vehicle (BEV) charging locations in the U.S. Specifically, DC-America will now work to install charging stations, which we…

Corning (GLW; $32.33; O/P) reported Q3 “core” EPS of $0.51 that was in line with our and the Street’s modeling on core sales of $3,666mm, which compared to our $3,650mm and the Street’s $3,664mm. Recall,…

Sensata (ST; $41.62; O/P) reported Q3 adjusted EPS of $0.85, which compared to our $0.84 and the Street’s $0.85 on sales of $1,018mm (vs. our $1,000mm and $1,005mm from the Street). Recall, the company’s Q3…

We reviewed Mobileye’s S-1 filings, assembled a financial model from the document’s disclosures, and taken a “first stab” at developing forecasts for the next couple of years ahead of a proposed IPO under the ticker…

Due to a reallocation of resources, Fox Advisors is discontinuing coverage of Aurora Innovation (AUR – $2.15 – Last Rating: Outperform – Price Target: $6). Effective immediately, our rating, price target, disclosures and estimates are…

We think the EPS bar was set more than appropriately for Benchmark Electronics (BHE; $26.93; O/P) into Q3 results and outlook on Wednesday (10/26 after market). We assume new program momentum, driving a richer sales…

We cut our F2023E (Jun) EPS for Western Digital (WDC; $33.47; E/W) from $1.55 to $0.55 ahead of the company’s FQ1 (Sept) results and outlook, scheduled for Thursday (10/27 before market). Our model now assumes…

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…

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%…

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…

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…

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…

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…

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…

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)…