All Reports

This morning, Vertiv Holdings (VRT; $128.75; E/W) announced it acquired privately held Waylay NV, which is an enterprise automation software platform developer, for an undisclosed amount, although, we think it highly unlikely that the transaction…

We are raising our price target on the shares of Flex (FLEX; $53.15; O/P) from $60 to $65, which assumes that the stock finally trades more consistently at EMS industry peer valuations of ~20X our…

We reiterate our Outperform and raise our target on the shares of Sanmina (SANM; $115.48; O/P) from $120 to $140 to better consider the positive implications for the company after CQ2 results from Advanced Micro…

Yesterday (8/20), DoorDash (DASH; $243.12; E/W) announced that it is significantly expanding on its Commerce Platform with new tools aimed at helping merchants grow direct sales and deepen consumer relationships across a range of channels…

Earlier today, press reports disclosed that Flex’s (FLEX; $49.49; O/P) manufacturing facility in Mukachevo, Ukraine was struck overnight by two missiles that were launched from Russia. According to press reports, Flex’s facility in Ukraine employs…

We expect Dell Technologies (DELL; $128.37; O/P) to produce some solid upside with its FQ2 (Jul) results and outlook next Thursday (8/28 after market). Broadly speaking, we look for some more balanced profit growth across…

The shares of Nextracker (NXT; $66.79; E/W) continue to be heavily influenced by the comings and goings of new U.S. solar policy, which oversees 68% of the company’s LTM sales, especially since current F2026E (Mar)…

We expect some moderate upside from NetApp (NTAP; $107.80; E/W) when the company reports its FQ1 (Jul) results and outlook on Wednesday (8/27 after market) likely led by evidence of further market share gains from…

We are bumping up our F2026E (Jun) EPS for Fabrinet (FN; $299.00; O/P) from $11.70 to $11.90 after the company produced as expected FQ4 (Jun) EPS of $2.65, albeit with $0.16 of non-operating headwinds relative…

Last night (8/18), Flex (FLEX; $49.77; O/P) disclosed in an 8-K that it entered into a transaction agreement with Amazon (AMZN; $231.49; NR), which includes the issuance of warrants by Flex to AMZN. Most importantly,…

Fabrinet (FN; $327.12; O/P) reported FQ4 (Jun) non-GAAP EPS of $2.65, which was basically in line with our $2.66 and the Street’s $2.64 on sales of $910mm (vs. our $890mm and the Street’s $883mm). As…

This morning, Amphenol (APH; $110.56; O/P) announced its latest in a series of acquisitions that have leaned towards being larger on average in scale while adding capabilities and industry brands aimed at a specific served…

This morning, Corning (GLW; $65.06; O/P) announced a strategic commercial agreement with T1 Energy (TE; $1.34; NR), a Texas based producer of solar photovoltaic (PV) modules for the U.S. market from its domestically located production….

We are raising our F2026E (Jun) EPS for Sandisk (SNDK; $46.68; E/W) from $4.75 to $5.00 after the company produced a healthy FQ4 (Jun) beat and offered FQ1E (Sep) guidance that was generally in line…

The shares of Maplebear, d/b/a Instacart (CART; $45.05; E/W) are down 12% today on news that Amazon (AMZN; $224.48; NR) is now offering same-day grocery delivery to consumers in 1K+ cities and towns in the…