All Reports

We reviewed the S-1 filings from CoreWeave, a specialized cloud service provider (CSP) for high-performance artificial intelligence (AI) and machine learning (ML) workloads, ahead of its proposed IPO under the ticker CRWV for listing on…

Yesterday, Bloomberg reported that an activist investor had taken an investment position in Lyft (LYFT; $12.49; O/P) and was engaging with the company in recent weeks to “express concerns” about the stock price, strategic positioning,…

This morning, Mobileye Global (MBLY; $16.33; E/W) disclosed its first new win of 2025 when Volkswagen (VOW.DE; €102.15; NR) announced it is partnering with MBLY and Valeo (FR.FR; €10.19; NR) to enhance its advanced driver…

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of February, which were right around average seasonal trends including some relatively solid battery electric and hybrid electric…

The shares of Micron Technology (MU; $94.72; O/P) dropped a somewhat surprising 8% on Friday after the company produced some upside with FQ2 (Feb) results and signaled that its FQ3 (May) outlook was marginally better…

We reiterate our Outperform and $180 target on the shares of Jabil (JBL; $145.58; O/P) after the company produced a healthy “beat and raise” with its FQ2 (Feb) results that also seemed to fairly recognize…

Jabil (JBL; $139.48; O/P) reported FQ2 (Feb) “core” non-GAAP EPS of $1.94, which beat our $1.82 and the Street’s $1.83 on better-than-expected sales of $6,728mm (vs. our $6,425mm and the Street’s $6,408mm). Recall, JBL’s FQ2…

Yesterday (3/19), we hosted investor meetings for Plexus (PLXS; $127.26; E/W) that included CEO Todd Kelsey plus Mike Running, President, Americas and Shawn Harrison, VP of IR. Overall, management seems to still be basing its…

We reiterate our Outperform on the shares of Corning (GLW; $47.27) after attending its Investor Event at the New York Stock Exchange yesterday where we heard presentations from and chatted offline with senior management, led…

This morning, Fabrinet (FN; $224.91; O/P) announced it entered into a transaction agreement with Amazon (AMZN; $198.89; NR), which, among other things, includes the issuance of a warrant by Fabrinet to Amazon. More importantly, we…

We think Corning’s (GLW; $45.40; O/P) Investor Day, which is in New York next Tuesday (3/18), can prove a positive catalyst for the stock, especially with it still down 16% since 1/22. We think the…

Yesterday, Delivery Hero (DLVHF; €25.80; NR) confirmed that Uber Technologies (UBER; $70.65; E/W) decided to terminate its agreement to acquire Delivery Hero’s foodpanda business in Taiwan. This news should not come as a surprise to…

We are reducing our rating on the shares of Uber Technologies (UBER; $73.06) from Outperform to Equal-Weight given our concerns that increased macro uncertainty, which we assume is an outgrowth of still to be finalized…

We expect FQ2 (Feb) results and guidance from Jabil (JBL; $133.35; O/P), scheduled for March 20th (before market), to at least support our full F2025E (Aug) and F2026E (Aug) EPS of $8.75 and $9.75 (vs….

We reduce F2025E (Aug) EPS for Micron (MU; $87.08; O/P) from $6.75 to $6.25 ahead of its upcoming FQ2 (Feb) results and outlook on March 20th (after market). This is to account for recent investor…