This morning, Vertiv Holdings (VRT; $191.35; E/W) announced it signed an agreement to acquire PurgeRite Intermediate from Milton Street Capital for ~$1B in cash. PurgeRite is a provider of mechanical flushing, purging and filtration services…
This morning, IREN (IREN; $60.75; NR), a North American-based data center operator, announced it signed a five-year GPU cloud services contract with Microsoft (MSFT; $517.81; NR), valued at $9.7B, which also includes an agreement to…
We think news flow this week from Uber Technologies (UBER; $96.43; E/W) only adds attention to what management says on the autonomous rideshare front with its Q3 results and outlook on Tuesday (11/4 before market)….
The shares of Maplebear, doing business as Instacart (CART; $36.10; O/P), are down 30% since August 11th, which we think offers a buying opportunity into the company’s Q3 print on Monday, November 10th (before market)….
We are raising our F2026/F2027E (Jun) EPS for Western Digital (WDC; $138.13; O/P) from $6.70/$7.60 to $7.45/$8.45 (up ~50% and ~15% YoY respectively) after the company produced a robust FQ1 (Sep) “beat and raise” that…
We bump up our 2025/2026E EPS for Aptiv (APTV; $82.12; E/W) from $7.55/$8.20 to $7.75/$8.55 after the company produced a healthy Q3 beat, albeit with Q4E guidance that was somewhat below our and Street thinking….
We are raising our 2025/2026E EPS for Belden (BDC; $122.26; E/W) from $7.30/$7.45 to $7.42/$7.70 after the company produced some Q3 EPS upside with Q4E guidance that was ahead of our and Street estimates. BDC…
We bump up our 2025E EPS for Sensata (ST; $32.64; E/W) from $3.35 to $3.40 (-1% YoY) while maintaining our 2026E EPS at $3.65 (+7% YoY) after the company produced some Q3 upside and offered…
Aptiv (APTV; $85.77; E/W) reported adjusted Q3 EPS of $2.17, which handily beat our $1.78 and the Street’s $1.81 on sales upside ($5,212mm vs. our $5,050mm and the Street’s $5,095mm). Recall, the company’s Q3 outlook…
We raise F2026E (Sept) EPS for TE Connectivity (TEL; $240.76; O/P) from $10.05 to $10.55 (+14% YoY) on an apples-to-apples basis for the new exclusion of intangible amortization expense (and its tax effects) in its…
We raise our F2026/F2027E (Mar) EPS for Flex (FLEX; $66.10; O/P) from $3.00/$3.30 to $3.13/$3.40 (+18% and +9% YoY) after the company comfortably beat our and consensus FQ2 (Sept) expectations, provided FQ3 (Dec) guidance that…
We reiterate our Outperform and raise our target from $300 to $400 on the shares of Celestica (CLS; $341.86) after the company produced another big Q3 “beat and raise” that came with an increasingly bullish…
We are raising our F2026/F2027E (Jun) EPS for Seagate (STX; $223.00; O/P) from $10.55/$13.50 to $11.05/$13.45 after the company handily beat our and consensus expectations for FQ1 (Sep) and provided FQ2E (Dec) guidance that comfortably…
We basically maintain our 2025/2026E EPS for Corning (GLW; $86.43; O/P) at $2.52/$2.90 after the company’s Q3 results and outlook were “only” modestly ahead of consensus expectations. This was especially of note with Optical Communications…
TE Connectivity (TEL; $236.54; O/P) reported FQ4 (Sep) non-GAAP EPS of $2.44, which comfortably beat our $2.28 and the Street’s $2.29 on healthy sales upside ($4,749mm vs. our $4,562mm and consensus of $4,579mm). By comparison,…