All Reports

We expect Jabil (JBL; $94.18; O/P) to offer up more support for its secular margin story with FQ3 (May) results and outlook next Thursday (6/15 before market) even in the context of a mixed demand…

Last Thursday (6/1), we hosted an investor meeting at Seagate’s (STX; $60.86; E/W) offices in San Jose, CA where we met with Rod Cooper, VP Finance, and IR, along with Jingjing Chen from the IR…

Last Thursday (6/1), we hosted an investor meeting at NetApp’s (NTAP; $70.28; E/W) headquarters in San Jose, CA where we had the opportunity to follow up with the company’s CFO Mike Berry following its FQ4…

We reiterate our Outperform and raise our target on the shares of Flex (FLEX; $26.13) from $30 to $32 after hosting an investor meeting with CEO Revathi Advaithi and David Rubin, VP of IR at…

Last week, a series of announcements out of Uber Technologies (UBER; $39.73; O/P) further highlighted all the “levers it can still pull” to drive an even more attractive mix of bookings and thus further operating…

ChargePoint (CHPT; $9.07; O/P) shares dropped 7% on Friday (6/2) after the company posted another quarter of robust sales growth in FQ1 (Apr) with further gross margin improvements and opex discipline that led to some…

We bump up F2024E (Jan) EPS for Dell Technologies (DELL; $45.46; E/W) from $5.15 to $5.35 after the company raised full year EPS guidance from $5.00-5.60 to $5.25-5.75, albeit after FQ1 EPS (Apr) beat our…

Dell Technologies (DELL; $45.58; E/W) released its FQ1 (Apr) results at 3PM EST. Specifically, the company reported non-GAAP EPS of $1.31, which beat our $0.85 and the Street’s $0.86. Sales were better than our forecasts…

Last night, Lucid Group (LCID; $7.76; O/P) announced it raised ~$3B through the issuance of a combined 439.239mm shares of its common stock through two separate transactions. By comparison, the company’s total shares outstanding were…

We raise F2024E (Apr) EPS for NetApp (NTAP; $66.35; E/W) from $5.30 to $5.68 (+1% YoY) after a solid FQ4 (Apr) beat and EPS guide for the new fiscal year ($5.65-5.85 vs. the Street’s $5.58),…

NetApp (NTAP; $66.35; E/W) reported FQ4 (Apr) non-GAAP EPS of $1.54, which was comfortably ahead of our $1.34 and the Street’s $1.35 on some sales upside ($1,581mm vs. our $1,544mm and the Street’s $1,543mm) and…

We reviewed Lyft’s (LYFT; $9.02; E/W) third annual Multimodal Report, which was published on Friday (5/26). The report provided a series of incremental proof points for the significant opportunity we still see for Lyft to…

We think recent news flow from Uber Technologies (UBER; $37.56; O/P) further highlights how the company can drive more and more near-term AI and machine learning outcomes “at the edge” over time through its shared…

We think last week’s Capital Markets Day from Ford (F; $12.59; NR) and FQ1 (Apr) results from NVIDIA’s (NVDA; $401.11; NR) bode especially well for electrification, active safety (Level 2+ autonomy) and software-defined vehicle stories…

We see favorable risk/reward around the shares of ChargePoint (CHPT; $8.36; O/P) into the company’s FQ1 (Apr) results and outlook, which are scheduled for next Thursday (6/1 after market). The stock is now down 26%…