All Reports

This morning, Belden (BDC; $79.94; E/W) surprisingly announced President and CEO Roel Vestjens resigned from his position for personal reasons. In our call this morning with management we did not gain any more color as…

NetApp’s (NTAP; $65.83; E/W) sales, product gross margins and Public Cloud annualized revenue run rates (ARR) continued to disappoint in an increasingly tough IT spending environment, which we warned about. NTAP noted further customer scrutiny…

CommScope (COMM; $7.36; O/P) reported Q4 non-GAAP EPS of $0.49, which was ahead of our consensus matching $0.46. Sales were $2,318mm, which compared to our $2,340mm and the Street’s $2,339mm. As per the variance table…

NetApp (NTAP; $65.83; E/W) reported FQ3 (Jan) non-GAAP EPS of $1.37, which was above our $1.32 and the Street’s $1.31 despite lower than expected sales ($1,526mm vs. our $1,613mm and the Street’s $1,609mm). Gross profits…

We reiterate our Outperform on the shares of ChargePoint (CHPT; $11.34) ahead of its FQ4 (Jan) results and outlook, scheduled for next Thursday (3/2 after market). The stock has declined 15% over the past week…

We stick with our somewhat below consensus EPS forecasts following our review of Corning’s (GLW; $34.61; E/W) recently filed 10-K. We 4also “stay on the sidelines” towards the shares given our expectations that any recovery…

This morning, the European Automotive Manufacturers Association released car registration data from the region for the month of January, which did not do much to dissuade concerns that European vehicle demand is under incremental pressure…

We expect CommScope (COMM; $8.01; O/P) to post core Q4 results and 2023E outlook that at least lives up to Street expectations on Thursday (2/23 before market). We think this should be more than “enough”…

We think news out of bp (BP; $40.95; NR) yesterday (2/16) proves extremely bullish for manufacturers of DC fast chargers, especially those with production operations located in the U.S. such as ChargePoint (CHPT; $12.63; O/P)…

DoorDash (DASH; $66.89; E/W) continues to steadily outperform Street expectations, as per its Q4 print and 2023E outlook, which targets further improvements in EBITDA and free cash flows (FCF), while maintaining what appears to be…

DoorDash (DASH; $66.89; E/W) reported Q4 sales of $1,818mm (+7% QoQ and +40% YoY), which was ahead of our $1,790mm and the Street’s $1,769mm on adjusted EBITDA of $117mm (vs. our $106mm and consensus of…

We expect a “mixed bag” from NetApp (NTAP; $68.36; E/W) with its FQ3 (Jan) print on Wednesday (2/22 after market). We think FQ3E sales, operating margin and EPS come in around our $1,613mm (+5% YoY…

This morning, the Biden Administration announced a series of actions aimed at supporting the massive buildout of an electric vehicle (EV) charging network across the U.S, which is the latest in a running string of…

Yesterday (2/14), we attended Aptiv’s (APTV; $123.78; E/W) Investor Conference in Boston where management provided a detailed long-term vision for better monetizing its expansive product portfolio. To that end, management spent a great deal of…

Our latest look at aggregate inventories up and down the supply chain, across OEMs, component makers, EMS providers, and distributors (26 companies with $81B in annual inventories ex-Apple at the end of CQ4), offered early…