All Reports

Lyft shares (LYFT; $16.30; O/P) still look attractive to us ahead of its Q4 results and outlook, scheduled for next Thursday (2/9 after market), even after considering a recent 48% YTD rally to 1.0X 2023E…

We expect Uber Technologies’ (UBER; $31.15; O/P) Q4 results and outlook, scheduled for Wednesday, February 8th (before market), to provide further support for our belief that its vast and expanding network is undervalued, especially given…

We make further cuts to F2023/F2024E (Jun) EPS for Western Digital (WDC; $43.95; E/W), from ($1.20)/$0.20 to ($2.40)/($0.40), after FQ2 (Dec) EPS, came in more or less in line with our recently reduced estimates but…

We reiterate our Outperform and raise our target from $52 to $60 on the shares of Sensata (ST; $50.85) after it produced a Q4 beat and offered up Q1E guidance that lived up to Street…

Yesterday, NetApp (NTAP; $66.23; E/W) disclosed plans in an 8-K to restructure and subsequently reduce global headcount by a surprising ~8% in order to better prioritize investments in the face of ongoing macro uncertainties and…

Corning’s (GLW; $34.61; E/W) Q1E guidance disappointed the Street, basically as we anticipated, outside of news of another round of inflation-fighting price increases and productivity ratio improvements. Specifically, GLW targets Q1E sales and EPS of…

Corning (GLW; $36.39; E/W) reported Q4 “core” EPS of $0.47, which was ahead of our $0.45 and the Street’s $0.44 on some core sales upside ($3,633mm vs. our $3,578mm and the Street’s $3,551mm). By comparison,…

Sensata (ST; $45.88; O/P) reported Q4 adjusted EPS of $0.96, which beat our consensus matching $0.88 on some sales upside ($1,015mm, vs. our $1,010mm and the Street’s $1,000mm) that drove half of the EPS upside…

Mobileye Global (MBLY; $35.97; E/W) produced better than expected Q4 results and offered up 2023E sales and operating profit guidance that encompassed consensus forecasts, albeit with a more back-end loaded slope to the year. Specifically,…

We revise F2023/F2024E (Sept) EPS for Plexus (PLXS; $93.86; E/W) from $5.80/$6.60 to $5.50/$6.65 after FQ2E (Mar) guidance disappointed, reflecting further pressures in semi-cap equipment markets (20%+ of sales) and some slower ramps on a…

We reduce 2023E EPS for Amphenol (APH; $78.41; E/W) from $3.05 to $2.92 (-3% YoY) after the company produced a second consecutive “beat and lower” quarter, including a just completed acquisition now in our model…

Plexus (PLXS; $113.24; E/W) reported FQ1 (Dec) non-GAAP EPS of $1.49, which was ahead of our $1.45 and in line with consensus of $1.49 on sales of $1,094mm (vs. our $1,100mm and consensus of $1,107mm)….

Mobileye Global (MBLY; $33.95; E/W) reported adjusted Q4 EPS of $0.27, which was comfortably ahead of our $0.16 and the Street’s $0.17 on sales of $565mm (+59% YoY and +26% QoQ), which beat our $531mm…

We raise F2023/F2024E (Jun) EPS for Seagate (STX; $62.25; E/W) from $1.35/$3.20 to $1.70/$3.85 after FQ2 (Dec) EPS of $0.16 exceeded our $0.07 and the Street’s $0.09, on slightly better sales and operating margins as…

Flex (FLEX; $24.36; O/P) produced as expected FQ3 (Dec) results and outlook, albeit with some put and takes, which in the “grand scheme of things” should prove transient, especially in the context of valuation (10.5X…