All Reports

We are concerned that we may need to lower our F2025E/F2026E (Jan) sales and profitability forecasts somewhat further for ChargePoint (CHPT; $1.19; E/W) after the company reports its FQ3 (Oct) results on Wednesday (12/4 after…

We adjust our F2025E (Jan) EPS from $7.90 to $7.85 and reiterate our F2026E EPS of $9.25 for Dell Technologies (DELL; $141.74; O/P) after considering a range of “puts and takes” across the company’s FQ3…

Corning (GLW; $48.00; O/P) seems to be moving quickly to address recently raised concerns from the European Commission (EC) around the company’s position in the cover glass market. Recall, the EC announced earlier this month…

We are raising our target to $100 on the shares of Celestica (CLS; $85.60; O/P) to reflect some favorable recent data points that mainly suggest further momentum is likely in the company’s higher margin Hardware…

Amkor Technology (AMKR; $26.54; E/W) recently announced a strategic partnership with privately held Lightmatter, a photonic chips supplier, to develop a 3D-packaged chip complex that integrates more silicon in a single package. The partnership will…

We reiterate our Outperform on the shares of Jabil (JBL; $131.12) and raise our target from $150 to $160 after hosting investor meetings last week for management in Boston and New York, including CEO Mike…

We are surprised the shares of Western Digital (WDC; $66.43; O/P) did not move even higher late last week (+4% since Wednesday’s close vs. -17% since mid-July) for the valuation support provided from reports that…

Flex (FLEX; $41.30; O/P) announced the appointment on Friday (11/22) of Kevin Krumm as its new CFO effective January 6th. Mr. Krumm succeeds Jaime Martinex, who was serving effectively as interim CFO after Paul Lundstrom…

We think recent news flow out of Uber Technologies (UBER; $69.64; O/P) provides further support for the idea that the company can continue to generate healthy operating leverage, led by Mobility (~50% of gross bookings…

We adjust F2025/F2026E (Apr) EPS for NetApp (NTAP; $126.68; E/W) from $7.15/$8.00 to $7.35/$8.05 after the company produced a solid FQ2 (Oct) “beat and raise”. Importantly, NTAP now targets F2025E EPS of $7.20-7.40, up from…

Yesterday, the European Automobile Manufacturers Association released new car registration data from the region for the month of October, which was somewhat better than typical MoM seasonal trends. Importantly, registrations included some further healthy hybrid…

NetApp (NTAP; $126.68; E/W) reported FQ2 (Oct) non-GAAP EPS of $1.87, which was ahead of our $1.80 and the Street’s $1.78 on basically as expected sales ($1,658mm vs. our $1,650mm and the Street’s $1,645mm). As…

This week, we attended Vertiv Holdings’ (VRT; $144.63; NR) Investor Event in Atlanta, GA, where we sat in on presentations from CEO Giordano Albertazzi and CFO David Fallon. We also had the opportunity afterwards to…

Earlier this week, Dell Technologies (DELL; $135.90; O/P) announced some new artificial intelligence (AI) based servers, solutions and services, as part of its Dell AI Factory portfolio, which is basically aimed at enabling enterprises to…

The shares of Uber Technologies (UBER; $69.33; O/P) and Lyft (LYFT; $17.30; O/P) both traded down 5% today (11/18), on the heels of press reports that the incoming Trump Administration plans to create a set…