Micron (MU; $93.15; E/W) is +18% since its late-December FQ1, suggesting the Street is looking for a pretty complete “beat and raise” with FQ2 (Feb) results and outlook next Wednesday (3/20). Consensus is most bullish…
This morning, Hyzon Motors (HYZN; $0.67) announced at a ceremony in Australia that it successfully integrated its single-stack 200kW fuel cell system (FCS) and powertrain into a heavy-duty cabover commercial truck designed to tow semi-trailers,…
Jabil (JBL; $154.53; O/P) shares are up 21% YTD and +83% over the past year into its FQ2 (Feb) print next Friday (3/15 before market). This is even though our F2024E (Aug) and F2025E EPS…
Yesterday, NetApp (NTAP; $104.80; E/W) announced some incremental developments on the artificial intelligence (AI) front. Although we assume AI-workloads are not a significant sales driver of storage systems until customers start to deploy models capable…
We lower F2025E (Jan) sales for ChargePoint (CHPT; $2.00; E/W) from $538mm to $500mm after it reported a slightly better FQ4 (Jan) than we expected, albeit with a weaker than anticipated FQ1E (Apr) outlook, more…
We raise our F2024/F2025E (Jun) EPS for Western Digital (WDC; $63.49; O/P) from ($1.75)/$6.30 to ($1.40)/$7.25 after CEO David Goeckeler and CFO Wissam Jabre offered up a positive guidance update at an investor conference earlier…
Due to a reallocation of resources, Fox Advisors is discontinuing coverage of Polestar (PSNY – $1.71 – Last Rating: Equal-Weight – Price Target: NA). Effective immediately, our rating, price target, disclosures and estimates are discontinued…
We initiate coverage on Sanmina (SANM; $65.05) with an Outperform rating and $80 target. SANM is a mid-sized provider of electronics manufacturing services (EMS) focused on complex product builds for heavily regulated, long-cycle markets such…
The shares of Dell Technologies (DELL; $119.75; E/W) are surging 25%+ this morning on the back of a big wave of enthusiasm for the company’s AI opportunities, in the context of a healthy FQ4 (Jan)…
NetApp (NTAP; $108.44; E/W) shares are surging 20%+ this morning on the heels of a solid “beat and raise” off further momentum with its revamped all-flash array (AFA) product line that is driving an unexpected…
We reduce our 2024E EBITDA for CommScope (COMM; $1.27; E/W) from $1.08B to $650mm as management warned on further weakness across its business to start the new year after posting “core” Q4 EBITDA (ex-Home Networks)…
We think progress on profitability and cash burn should be the key focus when ChargePoint (CHPT; $2.00; E/W) reports FQ4 (Jan) results next Tuesday (3/5 after market) given targets to turn adjusted EBITDA positive by…
This morning, Micron (MU; $90.73; E/W) added to yesterday’s news on the much-discussed HBM3E front (“Advancing Its AI Case”; 2/26) with a couple of interesting announcements around its initiatives into mobile device markets (~25% of…
We think news around Uber Technologies’ (UBER; $78.36; O/P) CEO Dara Khosrowshahi recent visit to India further highlighted a global growth strategy that can continue to expand monthly active platform consumers (MAPCs; 150mm exiting 2023)…
This morning, Micron (MU; $90.44; E/W) announced it started volume production of its next generation high-bandwidth DRAM memory 3E (HBM3E) solution, which the company believes is well positioned to benefit from rising proliferation of generative…