Seagate Technology http://www.so-l.ru/tags/show/seagate_technology Mon, 13 Jul 2020 16:52:31 +0300 <![CDATA[Seagate Technology declares $0.63 dividend]]> http://www.so-l.ru/news/y/2018_01_29_seagate_technology_declares_0_63_divide Fri, 02 Nov 2018 17:07:30 +0300 <![CDATA[Reasons Why You Should Get Rid of Cadence (CDNS) Stock Now]]> If you are still holding on to shares of Cadence Design Systems, Inc. CDNS in your portfolio, it is time you dump them as chances of favorable returns in the near term appear bleak.

Dropping Cadence can maximize investor’s portfolio returns as it has witnessed a significant price decline in the past year. Further, the company’s Zacks Rank #5 (Strong Sell) only highlights its innate weakness.

Cadencehas gained just 18% of its value year over year, underperforming 23.4% growth of its industry.

Let’s delve deeper and find out what is taking this company down.

Why Should Cadence be Avoided?

Cadence provided not so encouraging first-quarter guidance. For first-quarter 2018, the company expects total revenues to be in the range of $500-$510 million and non-GAAP earnings in the range of 36-38 cents per share. The Zacks Consensus Estimates for revenues and earnings are pegged at $505.8 million and 38 cents, respectively.

For 2018, revenues are anticipated to be in the range of $2.015-$2.055 billion. Non-GAAP earnings are guided in the range of $1.50-$1.60 per share. The Zacks Consensus Estimates for revenues and earnings are pegged at $2.05 billion and $1.57 per share, respectively.

Cadence faces stiff competition from other EDA companies like ANSYS and Siemens AG (post the acquisition of Mentor Graphics). Intensifying competition negatively impacts pricing power, which keeps margins under pressure.

The company generates a significant portion of its revenues from the International market. Consequently, we expect adverse foreign currency exchange rates to impede revenue growth in the near term due to fluctuation in the U.S. dollar against the Japanese Yen, Euro and other foreign currencies.

Acquisitions have also negatively impacted its balance sheet, as high indebtedness adds to the risk of investing in the company. As of Dec 30, 2017, the company had total debt of $644.4 million. We also note the high level of goodwill and intangible assets, which totaled $944.8 million or almost 39.1% of total assets at the end of fourth-quarter 2017.

So, it may not be a good decision to retain this stock in your portfolio anymore, at least if you don’t intend to wait for a long time.

Stocks to Consider

Few better-ranked stocks in the broader technology sector include Applied Materials, Inc. AMAT, NVIDIA Corporation NVDA and Seagate Technology PLC STX, all sporting a Zacks Rank #1 (Strong Buy).  You can see the complete list of today’s Zacks #1 Rank stocks here.

Applied Materials, NVIDIA and Seagate Technology have a long-term expected EPS growth rate of 13.26%, 10.25% and 15.6%, respectively.

Can Hackers Put Money INTO Your Portfolio?

Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.

Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.

Download the new report now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_04_02_reasons_why_you_should_get_rid_of_cadenc Mon, 02 Apr 2018 15:54:00 +0300
<![CDATA[5 Reasons to Add Western Digital (WDC) to Your Portfolio]]> Western Digital Corp. WDC appears a promising pick at the moment driven by stellar second-quarter 2018 results, strong product portfolio strength and expanding partner base. Moreover, it has been a favorite with investors, courtesy of its rising share price and strong fundamentals.

The companyhas been witnessing upward estimate revisions, reflecting analysts’ optimism. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.1% upward, over the last 60 days. Consequently, the stock sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Itsshares have returned 12.2% over the three months, substantially outperforming the 0.6% rally of the industry.

Notably, the companyhas a number of other aspects that make it an lucrative investment option.

5 Reasons Why Western Digitalis an Attractive Pick

Upbeat Q2 Results: Western Digital delivered second-quarter fiscal 2018 non-GAAP earnings of $3.95 per share, which beat the Zacks Consensus Estimate by 14 cents and soared 71.7% from the year-ago quarter.

Revenues also increased 9.2% year over year to $5.34 billion and surpassed the Zacks Consensus Estimate of $5.29 billion. The strong top-line growth reflected healthy demand in the company’s end-markets for high capacity enterprise hard drives and flash-based products.

Stock Looks Undervalued: From a valuation perspective, the stock looks very attractive as it currently trades significantly lower than the industry average based on a forward earnings estimate, which signifies a huge upward potential. Western Digitalcurrently trades at a forward P/E of 6.61x compared with the industry group average of 7.50x.

Positive Earnings Surprise History: Western Digitalhas an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in the trailing four quarters, recording a positive average earnings surprise of 6.4%.

Strong Hold in SSD storage market: Western Digital has been expanding into the SSD storage market due to the decline in the PC market. SSDs are faster and more energy efficient than traditional hard drives. The secular growth of digital data, modest improvement in the TAM and higher demand for storage will remain the catalysts for storage in general and especially for SSDs. This persuaded TechNavio to project enterprise SSD market to grow at a CAGR of 17% during 2016-2020. The SSD segment’s growth potential is a major positive for Western Digital because this could mitigate the losses stemming from the secular decline in the PC market, which does not necessarily use SSDs.

Active on the Acquisition Front: The acquisition of SanDisk has opened new avenues of growth for Western Digital and will help it boost market traction in the newer storage technology — SSD. The merger will lead to economies of scale, lower costs, greater market reach and acquisitions of new technologies, among other synergies.

The Amplidata, sTec, Inc., Velobit, Inc. Arkeia Software Solutions and Virident Systems Inc. acquisitions have not only strengthened its small-to-medium sized business solutions but also expanded its SSD product portfolio. Moreover, the company’s strong cash balance of $6.27 billion and positive operating cash flow of $1.18 billion at the end of second-quarter fiscal 2018 enabled it to expand through acquisitions. These strategic takeovers are expected to provide the company with a competitive edge.

Other Key Picks

Some other top-ranked stocks in the broader technology sector include Applied Materials, Inc. AMAT, NVIDIA Corporation NVDA and Seagate Technology PLC STX, all sporting a Zacks Rank #1.

Applied Materials, NVIDIA and Seagate Technology have a long-term expected EPS growth rate of 13.26%, 10.25% and 15.6%, respectively.

Can Hackers Put Money INTO Your Portfolio?

Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.

Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.

Download the new report now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Western Digital Corporation (WDC): Free Stock Analysis Report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_04_02_5_reasons_to_add_western_digital_wdc_t Mon, 02 Apr 2018 15:52:00 +0300
<![CDATA[The Zacks Analyst Blog Highlights: Seagate Technology, Micron Technology, IDEXX Laboratories, Kohl's and Motorola Solutions]]> For Immediate Release

Chicago, IL – April 2, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Seagate Technology plc STX, Micron Technology, Inc. MU, IDEXX Laboratories, Inc. IDXX, Kohl’s Corporation KSS and Motorola Solutions, Inc. MSI.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday’s Analyst Blog:

5 Top-Performing S&P 500 Stocks of Q1

The S&P 500, which had more than tripled on Mar 9 after a grueling spell following the Great Recession, is now on the second-longest and second-highest bull market run in history. The bull run through the 1990s has been the longest. Stocks scaled new highs on Republican tax cuts and robust economic growth at home and abroad.

But, recent trade war tensions, uproar in the White House, higher interest rates and half a trillion dollars of loss for tech stocks in just over a two-week span have pushed the index back to critical support at its 200-day moving average. The S&P, in fact, fell into correction territory, while volatility has more than doubled so far this year.

Not all S&P stocks are, however, facing a tumultuous Q1. Some of them have been able to dish out impressive year-to-date gains and have remained unperturbed by the higher bouts of gyrations.

What Backed the S&P Rally?

The S&P started Q1 on a positive note. Trump’s polices, including tax cuts, repealing regulations and increased infrastructure outlays restored expectations of a pro-growth agenda that helped the S&P move north.

The latest tax laws gave companies massive tax relief as they will now be paying between 8% and 15.5% instead of the earlier 35% for bringing back money held overseas. This means around $1.2 trillion in foreign profits that the S&P 500 companies are hoarding be brought back. This in turn can be used to create jobs and reward shareholders — something the Trump administration has been aiming for since the campaigns days.

Trump’s economy is also in good shape, with the jobless rate near a 17-year low. Initial jobless claims remained near the lowest level since 1970 and the number of people collecting unemployment benefits tanked to a fresh 45-year low.

But, there is another major factor behind the strong American growth. It’s the global economic growth, with every major country from China to Europe and Latin America to Japan expanding at a healthy pace. According to the International Monetary Fund, the global economy expanded at rate of 3.7% last year, the fastest since 2010.

S&P Ends Q1 on a Sour Note

Selling in stocks intensified after the Trump administration announced that it will levy tariffs on tens of billions of dollars of Chinese imports on top of imposing duties on foreign steel and aluminum. In response to Trump’s tariffs, Beijing said that it will target 128 U.S. products with an import value of $3 billion. Investors panicked as a full-blown trade war might deal a heavy blow to economies, resulting in widespread unemployment.

A number of high-profile departures from the Trump administration, in the meantime, pushed political-risk to the highest level since the 2003 invasion of Iraq. Such events threatened to upset the Trump administration’s business-friendly policies.

Amid all these, the Fedhas tightened its monetary policy. At the conclusion of the FOMC meeting on Mar 21, Jerome Powell-led Federal Reserve hiked interest rates by a quarter-percentage point and projected a steeper path of rate hikes in 2019 and 2020. This hasn’t gone down well with investors as we all know that they had piled up on U.S. stocks with the notion that quantitative easing will help the domestic economy grow at a better rate than emerging economies like China.

Adding to the downbeat tone is also a sharp selloff in the technology sector. Investors remained concerned about tighter regulations for large tech companies. The sector took a beating following the backlash over Facebook's handling of user data. Everyone raised questions as to how Cambridge Analytica, which worked on Trump’s election campaign, had gained access to personal data on roughly 50 million Facebook users without their knowledge.

The S&P tech sector, which was the most crowded trade of the year, peaked on Mar 12 to 1,233.93, putting its market cap at about $6 trillion. However, the market cap is currently down to nearly $5.5 trillion, a decline of 8.8%, per WSJ Market Data Group.

5 Best S&P 500 Stocks of Q1

The S&P, now, has fallen more than 10% from its peak in January. The average number of stocks on the index is almost 15% below the 52-week high, while the average stock in some of the sectors are already in bear-market territory, defined as a decline of 20%, as per Bespoke Investment Group.

Despite the brutal selloff of the past few weeks, some stocks have managed to give encouraging returns, thanks to a great story or maybe a little luck. Here is the rundown of the best stocks from the S&P 500 in Q1. These stocks also flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).

Seagate Technology plc provides data storage technology and solutions the United States and internationally. Even though the company is part of the larger tech sector, traders have been ploughing back into STX stock. The stock has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings rose 12.5% in the last 60 days. The company is expected to give a solid return of 18.2% this year. Seagate Technology has outperformed the broader industry in the year-to-date period (+36% vs +17.4%).

Considering Seagate Technology has done so well in Q1, it comes as no surprise that close-cousin Micron Technology, Inc.’s performance has been pretty encouraging. The provider of semiconductor systems has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings rose 11.8% in the last 60 days. Micron Technology is expected to give a staggering return of 121.6% this year, while the stock has already given a steady return of 25.2% in the year-to-date period.

IDEXX Laboratories, Inc. develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets. The stock has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings rose 9.6% in the last 60 days. The company is expected to give a promising return of 25.3% this year. IDEXX Laboratories has outperformed the broader industry in the year-to-date period (+20.7% vs +6.8%). You can see the complete list of today’s Zacks #1 Rank stocks here.

Kohl’s Corporation operates department stores in the United States. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings climbed 16.2% in the last 60 days. The stock is expected to give a solid return of 25.1% this year. Kohl’s has outperformed the broader industry in the year-to-date period (+19.1% vs +13.4%).

Motorola Solutions, Inc. provides mission-critical communication infrastructure, devices, accessories, software, and services. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings rose 13.1% in the last 60 days. The stock is expected to give an encouraging return of 20.3% this year. Motorola Solutions has outperformed the broader industry in the year-to-date period (+15.1% vs -2.9%).

Investor Alert: Breakthroughs Pending

A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.

Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.

Click here to see them >>

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

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Zacks Investment Research

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Motorola Solutions, Inc. (MSI): Free Stock Analysis Report
 
IDEXX Laboratories, Inc. (IDXX): Free Stock Analysis Report
 
Kohl's Corporation (KSS): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_04_02_the_zacks_analyst_blog_highlights_seaga Mon, 02 Apr 2018 14:47:00 +0300
<![CDATA[5 Top-Performing S&P 500 Stocks of Q1]]> The S&P 500, which had more than tripled on Mar 9 after a grueling spell following the Great Recession, is now on the second-longest and second-highest bull market run in history. The bull run through the 1990s has been the longest. Stocks scaled new highs on Republican tax cuts and robust economic growth at home and abroad.

But, recent trade war tensions, uproar in the White House, higher interest rates and half a trillion dollars of loss for tech stocks in just over a two-week span have pushed the index back to critical support at its 200-day moving average. The S&P, in fact, fell into correction territory, while volatility has more than doubled so far this year.

Not all S&P stocks are, however, facing a tumultuous Q1. Some of them have been able to dish out impressive year-to-date gains and have remained unperturbed by the higher bouts of gyrations.

What Backed the S&P Rally?

The S&P started Q1 on a positive note. Trump’s polices, including tax cuts, repealing regulations and increased infrastructure outlays restored expectations of a pro-growth agenda that helped the S&P move north.

The latest tax laws gave companies massive tax relief as they will now be paying between 8% and 15.5% instead of the earlier 35% for bringing back money held overseas. This means around $1.2 trillion in foreign profits that the S&P 500 companies are hoarding be brought back. This in turn can be used to create jobs and reward shareholders — something the Trump administration has been aiming for since the campaigns days.

Trump’s economy is also in good shape, with the jobless rate near a 17-year low. Initial jobless claims remained near the lowest level since 1970 and the number of people collecting unemployment benefits tanked to a fresh 45-year low.

But, there is another major factor behind the strong American growth. It’s the global economic growth, with every major country from China to Europe and Latin America to Japan expanding at a healthy pace. According to the International Monetary Fund, the global economy expanded at rate of 3.7% last year, the fastest since 2010.

S&P Ends Q1 on a Sour Note

Selling in stocks intensified after the Trump administration announced that it will levy tariffs on tens of billions of dollars of Chinese imports on top of imposing duties on foreign steel and aluminum. In response to Trump’s tariffs, Beijing said that it will target 128 U.S. products with an import value of $3 billion. Investors panicked as a full-blown trade war might deal a heavy blow to economies, resulting in widespread unemployment.

A number of high-profile departures from the Trump administration, in the meantime, pushed political-risk to the highest level since the 2003 invasion of Iraq. Such events threatened to upset the Trump administration’s business-friendly policies.

Amid all these, the Fedhas tightened its monetary policy. At the conclusion of the FOMC meeting on Mar 21, Jerome Powell-led Federal Reserve hiked interest rates by a quarter-percentage point and projected a steeper path of rate hikes in 2019 and 2020. This hasn’t gone down well with investors as we all know that they had piled up on U.S. stocks with the notion that quantitative easing will help the domestic economy grow at a better rate than emerging economies like China.

Adding to the downbeat tone is also a sharp selloff in the technology sector. Investors remained concerned about tighter regulations for large tech companies. The sector took a beating following the backlash over Facebook, Inc’s FB handling of user data. Everyone raised questions as to how Cambridge Analytica, which worked on Trump’s election campaign, had gained access to personal data on roughly 50 million Facebook users without their knowledge.

The S&P tech sector, which was the most crowded trade of the year, peaked on Mar 12 to 1,233.93, putting its market cap at about $6 trillion. However, the market cap is currently down to nearly $5.5 trillion, a decline of 8.8%, per WSJ Market Data Group.

5 Best S&P 500 Stocks of Q1

The S&P, now, has fallen more than 10% from its peak in January. The average number of stocks on the index is almost 15% below the 52-week high, while the average stock in some of the sectors are already in bear-market territory, defined as a decline of 20%, as per Bespoke Investment Group.

Despite the brutal selloff of the past few weeks, some stocks have managed to give encouraging returns, thanks to a great story or maybe a little luck. Here is the rundown of the best stocks from the S&P 500 in Q1. These stocks also flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).

Seagate Technology plc STX provides data storage technology and solutions the United States and internationally. Even though the company is part of the larger tech sector, traders have been ploughing back into STX stock. The stock has a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings rose 12.5% in the last 60 days. The company is expected to give a solid return of 18.2% this year. Seagate Technology has outperformed the broader industry in the year-to-date period (+36% vs +17.4%).

Considering Seagate Technology has done so well in Q1, it comes as no surprise that close-cousin Micron Technology, Inc.’s MU performance has been pretty encouraging. The provider of semiconductor systems has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings rose 11.8% in the last 60 days. Micron Technology is expected to give a staggering return of 121.6% this year, while the stock has already given a steady return of 25.2% in the year-to-date period.

IDEXX Laboratories, Inc. IDXX develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets. The stock has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings rose 9.6% in the last 60 days. The company is expected to give a promising return of 25.3% this year. IDEXX Laboratories has outperformed the broader industry in the year-to-date period (+20.7% vs +6.8%). You can see the complete list of today’s Zacks #1 Rank stocks here.

Kohl’s Corporation KSS operates department stores in the United States. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings climbed 16.2% in the last 60 days. The stock is expected to give a solid return of 25.1% this year. Kohl’s has outperformed the broader industry in the year-to-date period (+19.1% vs +13.4%).

Motorola Solutions, Inc. MSI provides mission-critical communication infrastructure, devices, accessories, software, and services. The company has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings rose 13.1% in the last 60 days. The stock is expected to give an encouraging return of 20.3% this year. Motorola Solutions has outperformed the broader industry in the year-to-date period (+15.1% vs -2.9%).

Investor Alert: Breakthroughs Pending

A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.

Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.

Click here to see them >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Motorola Solutions, Inc. (MSI): Free Stock Analysis Report
 
IDEXX Laboratories, Inc. (IDXX): Free Stock Analysis Report
 
Kohl's Corporation (KSS): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.]]>
http://www.so-l.ru/news/y/2018_03_29_5_top_performing_s_p_500_stocks_of_q1 Thu, 29 Mar 2018 15:29:00 +0300
<![CDATA[3 Data Storage Stocks That Are Undervalued After Tech Selloff]]> Investors know that technology stocks have skyrocketed over the last few years, helping lift the S&P 500 and the Nasdaq to new heights. They also understand that this recent bearish turn can be attributed, in large part, to investors selling these same tech stocks.

The recent market-wide downturn obviously offers investors the chance to buy stocks on the dip. This widely-adopted strategy sounds simple enough, but just because a stock’s price is technically cheaper doesn’t mean it’s automatically attractive to investors.

With that said, as market volatility continues, investors should consider looking to the memory and computer storage industries to find newly undervalued stocks.

In the past, investors bemoaned this business as far too cyclical. However, these industries are no longer tethered to the historic PC industry. In fact, the rise of connected devices, the IoT, VR, and AI promise to be secular trends that render these concerns somewhat void.

Now, let’s take a look at three memory solutions firms that have become even more attractive to value investors amid this downturn.

1.      Micron MU 

Micron’s post-earnings selloff presents investors with an amazing chance to buy the stock at a newly reduced price. Micron not only sits over 12% below its 52-week high, but it is also now trading at 5.1x forward earnings, which marks a discount to the broader semiconductor space.

Meanwhile, analysts have turned more positive regarding Micron’s future earnings. Within the last seven days, we have seen nine revisions to Micron’s full-year earnings estimates, with 100% agreement to the upside. These revisions lifted the Zacks Consensus Estimate by $0.36 in this timeframe.

Investors should also note that our current Zacks Consensus Estimates are calling for Micron’s full-year earnings to soar by 121%, while its revenues are expected to climb by 42.6%. Micron is currently a Zacks Rank #1 (Strong Buy), which means now might not be a bad time to buy Micron stock while it is relatively cheap.

2.       Western Digital WDC

In less than two weeks, this data storage powerhouse sunk from its 52-week high of roughly $106 per share to around $90 per share. However, Western Digital’s current growth projection and valuation make it an inciting stock.

Western Digital’s earnings are expected to surge by 36.7% this quarter and 52% in its current full-year. Furthermore, within the last 60 days, WDC has earned three earnings estimate revisions, with 100% agreement to the upside.

WDC is also currently trading at 7.7x forward earnings, which marks a substantial discount to its industry’s average Forward P/E of 11.0. Lastly, investors should note that Western Digital is currently a Zacks Rank #1 (Strong Buy).

3.       Seagate STX

This data storage solutions firm has not experienced as precipitous of a decline as some of its peers, but a small selloff has made Seagate stock look a tad more affordable.

Seagate’s Forward P/E of 11.8, which is only a slight premium to its industry’s average P/E of 11.4 and a discount to the broader chip market.

Seagate has also earned six earnings estimate revisions for its current full-year, with 100% agreement to the upside, all within the last 60 days. This has helped the company’s estimate climb from $4.33 per share to $4.87 per share, which would mark an 18% climb from the year-ago period.

Seagate is also currently a Zacks Rank #2 (Buy) and sports an “A” grade for Value and a “B” for Growth.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Western Digital Corporation (WDC): Free Stock Analysis Report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_29_3_data_storage_stocks_that_are_undervalu Thu, 29 Mar 2018 02:33:00 +0300
<![CDATA[Key Reasons to Add Model N (MODN) Stock to Your Portfolio]]> With stellar first-quarter fiscal 2018 results, acquisition synergies, Software-as-a-Service (SaaS) based model and strong fundamentals; Model N, Inc. (MODN) appears a promising pick right now. Moreover, it has been a favorite with investors, courtesy of its rising share price.
 
Model N’s shares returned 74.3% year over year, substantially outperforming the 30.9% rally of the industry.
 
Notably, the company has a number of other aspects that make it an attractive investment option.
 
Reasons Why Model N an Attractive Pick
 
Upbeat Q1 Results: The company reported first-quarter fiscal 2018 earnings of 3 cents per share versus the year-ago quarter’s loss of 15 cents per share. The Zacks Consensus Estimate was pegged at a loss of 6 cents per share.
 
Revenues of $39.1 million increased 39% year over year and beat the Zacks Consensus Estimate of $37 million. The figure also surpassed the guided range of $37 million to $37.5 million.
 
Management noted that successful integration of Revitas was a major driving force and it helped the company deliver greater value to the investors. It has also made steady progress in its transformation to a 100% Software-as-a-Service (SaaS) based model.
 
Encouraging Revenue Guidance: Model N expects fiscal second-quarter 2018 GAAP revenues between $38 million and $38.5 million. The Zacks Consensus Estimate is pegged at $36.67 million.
 
Positive Earnings Surprise History: Model N has an impressive earnings surprise history. It outpaced the Zacks Consensus Estimate in the trailing four quarters, recording a positive average earnings surprise of 53.24%.
 
Key Catalysts - The integration of Revitas was completed successfully during fiscal 2017. The Revitas acquisition has expanded Model N’s product suite and customer base. Revitas contributed approximately $3.6 million to SaaS and Maintenance revenues as well as approximately $1.6 million to the company’s license and implementation revenues.
 
To aid growth, the company unveiled the Revenue Cloud platform, which will enable companies in manufacturing industries, technology and life science industries to carry out a digital transformation.
 
The company’s Revenue Cloud offerings for med-tech, pharma and high tech companies remain positive. It also added Nexperia, a semiconductor manufacturer, to its client base. The company will use Revenue Cloud to manage direct and channel revenues.
 
Model N’s growth prospects in life sciences & high technology are bright, owing to increasing ineffectiveness of legacy systems. Its solutions provide higher Return on Investment (“ROI”) as well as plug gaps in the end-to-end revenue management process that legacy systems fail to do. This improves top-line growth of the companies, consequently bolstering adoption of Model N’s solutions.
 
Additionally, Seagate Technology PLC (STX), a prominent data storage provider, rolled out the Phase 1 Revenue Cloud for high tech. This bodes well for Model N. Recently, the company also inked several deals with high-tech and life science companies including DexCom, Seagate, Intel and Amgen.
 
Zacks Rank and Stocks to Consider
 
Model N carries a Zacks Rank #2 (Buy).
 
A few other better-ranked stocks in the technology sector are Facebook, Inc. (FB) and NVIDIA Corporation (NVDA), both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
 
Facebook and NVIDIA have long-term expected earnings growth rate of 26.18% and 10.25%, respectively.
 
Will You Make a Fortune on the Shift to Electric Cars?
                                                                                                                                                       Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
 
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
 
It's not the one you think.
 
See This Ticker Free >>

With stellar first-quarter fiscal 2018 results, acquisition synergies, Software-as-a-Service (SaaS) based model and strong fundamentals; Model N, Inc. MODN appears a promising pick right now. Moreover, it has been a favorite with investors, courtesy of its rising share price.

Model N’s shares returned 74.3% year over year, substantially outperforming the 30.9% rally of the industry.

Notably, the company has a number of other aspects that make it an attractive investment option.

Reasons Why Model N an Attractive Pick

Upbeat Q1 Results: The company reported first-quarter fiscal 2018 earnings of 3 cents per share versus the year-ago quarter’s loss of 15 cents per share. The Zacks Consensus Estimate was pegged at a loss of 6 cents per share.

Revenues of $39.1 million increased 39% year over year and beat the Zacks Consensus Estimate of $37 million. The figure also surpassed the guided range of $37 million to $37.5 million.

Management noted that successful integration of Revitas was a major driving force and it helped the company deliver greater value to the investors. It has also made steady progress in its transformation to a 100% Software-as-a-Service (SaaS) based model.

Encouraging Revenue Guidance: Model N expects fiscal second-quarter 2018 GAAP revenues between $38 million and $38.5 million. The Zacks Consensus Estimate is pegged at $36.67 million.

Positive Earnings Surprise History: Model N has an impressive earnings surprise history. It outpaced the Zacks Consensus Estimate in the trailing four quarters, recording a positive average earnings surprise of 53.24%.

Key Catalysts- The integration of Revitas was completed successfully during fiscal 2017. The Revitas acquisition has expanded Model N’s product suite and customer base. Revitas contributed approximately $3.6 million to SaaS and Maintenance revenues as well as approximately $1.6 million to the company’s license and implementation revenues.

To aid growth, the company unveiled the Revenue Cloud platform, which will enable companies in manufacturing industries, technology and life science industries to carry out a digital transformation.

The company’s Revenue Cloud offerings for med-tech, pharma and high tech companies remain positive. It also added Nexperia, a semiconductor manufacturer, to its client base. The company will use Revenue Cloud to manage direct and channel revenues.

Model N’s growth prospects in life sciences & high technology are bright, owing to increasing ineffectiveness of legacy systems. Its solutions provide higher Return on Investment (“ROI”) as well as plug gaps in the end-to-end revenue management process that legacy systems fail to do. This improves top-line growth of the companies, consequently bolstering adoption of Model N’s solutions.

Additionally, Seagate Technology PLC STX, a prominent data storage provider, rolled out the Phase 1 Revenue Cloud for high tech. This bodes well for Model N. Recently, the company also inked several deals with high-tech and life science companies including DexCom, Seagate, Intel and Amgen.

Zacks Rank and Stocks to Consider

Model Ncarries a Zacks Rank #2 (Buy).

A few other better-ranked stocks in the technology sector are Facebook, Inc. FB and NVIDIA Corp. NVDA, both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Facebook and NVIDIA have long-term expected earnings growth rate of 26.18% and 10.25%, respectively.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Model N, Inc. (MODN): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_28_key_reasons_to_add_model_n_modn_stock Wed, 28 Mar 2018 23:38:00 +0300
<![CDATA[How Micron's CEO Is Trying to Rally Bullish Investors]]> Shares of Micron MU have dipped nearly 12% since the company’s earnings announcement last week, and with the stock now down significantly from its mid-March highs, investors are growing concerned that the memory-chip maker’s red-hot run is finally coming to an end.

All in all, Micron’s new earnings results were pretty solid. The company posted adjusted profits of $2.82 per share, beating the Zacks Consensus Estimate of $2.76. Meanwhile, quarterly revenue of $7.35 billion was up 58% from the year-ago period and ahead of our consensus estimate of $7.23 billion.

Still, investors who are familiar with cyclical trends in the semiconductor memory space clearly felt the time was right to take their profits from this stock, which had gained roughly 90% in the year prior to its most-recent report date (also read: Micron Posts Earnings Beat, 'Secular Trends' Driving Growth).

But Micron CEO Sanjay Mehrotra is clearly trying to shift this rhetoric. In the company’s conference call following the release of its earnings report, Mehrotra carefully selected his words in an effort to paint a new picture of the industry.

“The dealer market today is very different from the PC-dominated market of the past,” the chief executive said. “More specifically, memory is making possible applications such as AI and VR, and enabling new cloud-based business models which deliver a fundamental value far in excess of a price per bit.”

Memory is a heavily-commoditized segment of the technology sector, thanks in large part to cyclical demand trends that have presented themselves over decades of the aforementioned PC-dominated market.

This helps explain why many memory solutions firms trade with lower valuations than many of their other high-tech peers. For example, the group of Micron, Western Digital WDC, Toshiba TOSYY, and Seagate STX is currently trading with an average Forward P/E of 7.9, which is a significant discount to the 13.2x forward earnings multiple seen in the broader semiconductor market.

Still, Mehrotra is right to point out that the technology sector has evolved over the past few years. The decline of the PC has been well documented, and in addition to that, a whole breadth of new consumer electronics—including smart appliances, wearables, and in-home virtual assistants—have emerged.

These new products are just the tip of the iceberg in terms of applications for VR, AI, and IoT technology. And on the commercial side, there is plenty of growth left for cloud-based computing and new industrial machinery. All of these new applications create immense amounts of data, meaning memory providers like Micron should continue to see rising demand.

“Micron's broad technology portfolio and strong innovation engine position us well for these growth trends. We continue to partner with our customers to ensure our technology and engineering roadmaps deliver the critical features for tomorrow's solutions,” Mehrotra explained.

Of course, good CEOs are always trying to rally their company’s stock, and post-earnings conference calls tend to highlight bullish trends instead of lingering on headwinds. Mehrotra is hardly an unbiased spokesperson, but he is not wrong to say that the memory industry could soon defy the cyclical trends that investors have grown accustom to.

And if the company’s recent earnings estimate activity is any indication, analysts agree with this sentiment. Within the past 60 days, we have seen nine revisions for Micron’s full-year earnings estimates, with 100% agreement to the upside. These revisions have lifted the Zacks Consensus Estimate by $1.16 in this timeframe.

Micron’s positive revision snapshot has helped the stock earn a Zacks Rank #1 (Strong Buy). It may take some time for this recent tech volatility to cool, but the fundamental picture for MU remains strong, and investors should consider scooping up shares at a discount.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Western Digital Corporation (WDC): Free Stock Analysis Report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_28_how_micron_s_ceo_is_trying_to_rally_bull Wed, 28 Mar 2018 22:11:00 +0300
<![CDATA[Is Micron (MU) the Tech Sector's Cheapest Growth Stock?]]> Micron MU shares have struggled to generate any positive momentum since the company’s recent earnings announcement, and with new volatility inspiring investors throughout global markets to take their profits from red-hot growth stocks, MU has hit a rare downturn over the past week or so.

But Micron’s earnings report included several encouraging signs, with better-than-expected profits and revenues leading management to thank “secular technology trends” for the company’s remarkable growth. Micron might have suffered some profit taking, but paired with these strong results, the stock’s recent selloff feels like a brand-new opportunity to buy at a discount.

The semiconductor memory giant continues to display attractive growth prospects at a valuation that should make any investor interested. So is Micron now Wall Street’s cheapest growth stock? Let’s take a closer look.

Valuation

Value investors have flocked to MU for years, and the stock frequently sports an “A” grade for Value in our Style Scores system. Part of this has to do with the fact that Micron’s core business, computer and mobile memory, has been commoditized by investors in recent years. For whatever underlying reason, the market’s memory giants are simply not treated like other tech stocks.

This means that the best way to judge Micron’s valuation is by comparing it to other memory companies, including Western Digital WDC, Seagate STX, and Toshiba. Each of these companies has expertise in different areas and are not always directly competing, but they all reflect the commoditization of the memory business.

Here’s how Micron’s recent Forward P/E trend compares to this peer group:

 

As we can see, MU has consistently traded at a slight discount to its peer group throughout 2018. Plus, our current Zacks Consensus Estimates calling for Micron to witness EPS growth of 119% and revenue growth of 43% this fiscal year. Investors will not find that type of expansion elsewhere in this peer group, which really underscores the attractiveness of MU’s current earnings multiple.

Analyst Sentiment

Just two weeks ago, Micron received its most-bullish analyst call ever when Nomura Instinet raised its 12-month price target for the stock to $100 from $55. This projection represented an 83% upside from MU’s most-recent close before the note and remains the highest price target out of the 26 research firms that cover the company.

And Nomura’s bullish sentiment is just a small part of a broader trend of analysts becoming more optimistic about the stock. Within the past 60 days, we have seen nine revisions to Micron’s full-year earnings estimates, with 100% agreement to the upside. The Zack Consensus Estimate for the company’s annual earnings has gained a staggering $1.01 over that timeframe.

This positive estimate revision activity has helped MU earn a Zacks Rank #1 (Strong Buy). We believe the strongest growth and value stocks are those that also sport great Zacks Ranks, and the fact that Micron is displaying a unique combination of all three of these encouraging trends is truly remarkable.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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Western Digital Corporation (WDC): Free Stock Analysis Report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_27_is_micron_mu_the_tech_sector_s_cheapes Tue, 27 Mar 2018 21:16:00 +0300
<![CDATA[New Strong Buy Stocks for March 26th]]> Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:

Applied Materials, Inc. (AMAT): This provider of manufacturing equipment, services, and software has seen the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.

Discovery Communications, Inc. (DISCA): This media company has seen the Zacks Consensus Estimate for its current year earnings increasing 13.8% over the last 60 days.

Discovery Communications, Inc. Price and Consensus

 

Discovery Communications, Inc. Price and Consensus

Discovery Communications, Inc. price-consensus-chart | Discovery Communications, Inc. Quote

Seagate Technology plc (STX): This company that provides data storage technology and solutions has seen the Zacks Consensus Estimate for its current year earnings increasing 12.5% over the last 60 days.American Financial Group, Inc. (AFG): This company that provides property and casualty insurance products has seen the Zacks Consensus Estimate for its current year earnings increasing 4.7% over the last 60 days.

American Financial Group, Inc. Price and Consensus

 

American Financial Group, Inc. Price and Consensus

American Financial Group, Inc. price-consensus-chart | American Financial Group, Inc. Quote

Flotek Industries, Inc. (FTK): This company that develops and supplies chemistry and services to the oil and gas industries has seen the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Flotek Industries, Inc. (FTK): Free Stock Analysis Report
 
Discovery Communications, Inc. (DISCA): Free Stock Analysis Report
 
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
 
American Financial Group, Inc. (AFG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_26_new_strong_buy_stocks_for_march_26th Mon, 26 Mar 2018 18:07:00 +0300
<![CDATA[Red Hat (RHT) Q4 Earnings to Gain From Portfolio Strength]]> Red Hat Inc. RHT is set to report fourth-quarter fiscal 2018 results on Mar 26.

We note that, on an average, the company has delivered a positive earnings surprise of 6.73% in the trailing four quarters. In the last quarter, Red Hat delivered positive earnings surprise of 4.29%.

Earnings increased 20.2% on a year-over-year basis primarily driven by strong top-line growth and operating margin expansion.

Revenues increased 21.6% year over year to almost $748 million, primarily on the back of strong demand for hybrid cloud solutions. The figure was better than the Zacks Consensus Estimate of $734 million.

Red Hat's top-line growth is benefiting from improving linearity owing to on-time renewal of deals reflecting strong demand for hybrid cloud technology solutions as well as aggressive cross-selling.

Buoyed by solid results, Red Hat stock has returned 28.7% year to date, substantially outperforming the 7.8% rally in the industry it belongs to.

 



 

Outlook Positive

For the fourth quarter of fiscal 2018, Red Hat expects revenues between $758 million and $763 million. The Zacks Consensus Estimate for revenues currently stands at $761.96 million, up 21.2% year over year.

Non-GAAP earnings are anticipated to be 81 cents per share. The Zacks Consensus Estimate for earnings is currently pegged at 80 cents, reflecting year-over-year growth of 31.15%.

Moreover, non-GAAP operating margin is expected to be 24.6%.

Strong Partner Base, Acquisitions to Drive Growth

We believe that Red Hat’s strong partner base that includes the likes of IBM, Intel, Dell Technologies, Google cloud platform, Microsoft Azure and Amazon Web Services (“AWS”) will continue to drive growth. The company’s collaborations with cloud providers like Amazon, Google and now Alibaba positions it for significant top-line growth.

This is helping Red Hat to cross-sell cloud-based technology across its customer base. Emerging technologies have also been a driving factor.

Additionally, complementary acquisitions have led to a favorable product mix, which is in turn bolstering overall results. The company’s strategy of making acquisitions (3scale, Ansible, FeedHenry, eNovance, Inktank, Codenvy) that can be easily integrated into current business has expanded its product portfolio into higher-growth segments, such as Hybrid cloud and other emerging technologies (Cloud Management, OpenShift, OpenStack, and Storage).

Red Hat continued to win customer in the soon-to-be-reported quarter. Enterprises like Follett School Solutions, SIX Group, ZTE Corporation, and Elo selected Red Hat OpenShift Container Platform as their enterprise Kubernetes solution of choice in the quarter.

During the quarter, Red Hat acquired CoreOS, an innovator and leader in Kubernetes and container-native solutions, for a purchase price of $250 million.

What Our Model Says?

According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.

Red Hat has a Zacks Rank #3 and an Earnings ESP of +2.24%, which indicates a likely positive earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to Consider

Here is a stock you may want to consider as our proven model shows that it has the right combination of elements to post an earnings beat this quarter.

Lam Research LRCX has an Earnings ESP of +0.37% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Cognizant Technology Solutions CTSH has an Earnings ESP of +1.02% and a Zacks Rank #1.

Seagate STX has an Earnings ESP of +2.97% and a Zacks Rank #1.

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Seagate Technology PLC (STX): Free Stock Analysis Report
 
Cognizant Technology Solutions Corporation (CTSH): Free Stock Analysis Report
 
Red Hat, Inc. (RHT): Free Stock Analysis Report
 
Lam Research Corporation (LRCX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_22_red_hat_rht_q4_earnings_to_gain_from_p Thu, 22 Mar 2018 18:19:00 +0300
<![CDATA[Facebook, Uber Fiasco Still Bugging? Buy 5 Value Tech Stocks]]>

It seems that this isn’t the best of times for Facebook, Inc. FB and Uber. And the markets have reacted sharply with tech stocks taking a hit. While the social media platform has been embroiled in a data misuse scandal accounting for the breach of personal data of millions of users, the world saw its first casualty by a driverless car in Arizona, when a pedestrian was run over by an Uber vehicle.

Tech stocks have seen a decline over the week with Facebook at the helm of the carnage. The social media giant’s shares fell nearly 7% on Monday, making it the worst performing stock on the S&P 500. Meanwhile, analysts are of the opinion that tech stocks are most overvalued relative to the market since 2009. While it’s a bit too early to predict if shares of Facebook and other tech giants will further decline, it makes good sense to pick up great value stocks while the market stays volatile.

Facebook, Uber Rattle Tech Stocks

On Mar 19, 28-year-old data scientist Chris Wylie, provided whistleblower accounts about Cambridge Analytica, a consultancy that was hired for President Donald Trump’s campaign. Wylie, who worked for Cambridge Analytica, alleged that the firm harvested data from more than 50 million Facebook accounts without the consent of the users. The allegations were enough to break the trust of millions of users who started deleting their Facebook accounts, resulting in the company’s shares taking a hit. Facebook lost about $50 billion of market value over the next two days.

Moreover, Facebook’s scandal has taken the shape of a global controversy with Germany’s justice minister Katarina Barley reportedly summoning Facebook to clarify if the personal data of 30 million Facebook users in that country were protected from unlawful use by third parties. Brazil too has started an investigation if Cambridge Analytica acted illegally there too. And India’s IT minister said that the government is ready to launch an enquiry to see if Facebook had any role to play in unfairly influencing election in that country. If required, India will summon Zuckerberg.

On the other hand, Uber’s driverless car, which struck down a pedestrian in Arizona, has raised questions about the credibility and future of autonomous vehicles. The recent incident has raised doubts in the minds of people if the world is still ready for driverless cars. A number of other tech and auto giants like Alphabet Inc. GOOGL, General Motors Co. GM and Baidu are pumping in billions of dollars to develop autonomous-vehicle technology.

However, after the accident at Tempe, AZ analysts are apprehensive that testing at Alphabet’s Waymo unit, which is worth $70 billion, could slow and delay commercialization of autonomous vehicles. The recent loss of trust in both Facebook and Uber was enough to see tech stocks plummet and unsettle investors. Also, other tech stocks like Apple, Inc. AAPL declined 2.3% on Wednesday, while Alphabet  dipped 0.6%, thus affecting the overall tech sector.

Tech Stocks Are Most Overvalued

Technology stocks are trading at an 11% valuation premium to the broader market, the highest since 2009, according to Bank of America Merrill Lynch strategists. Meanwhile, the valuation of the S&P 500 is at its lowest level since late 2016, with the recent decline in stocks. Moreover, the S&P technology sector has increased 7.6% year to date compared with the S&P 500’s rise of 1.5%.

The primary reason for this is that technology stocks have outperformed the broader market both last year and this year, and its price gains have outpaced earnings growth. Strategists at Bank of America Merrill Lynch also said that with the recent decline in share prices, the valuation of S&P 500 stocks has fallen to a level last witnessed in 2016. Given this scenario, it is always wise to buy stocks on the dip, as technology is an overweight sector.

Our Choices

Facebook’s recent data misuse scandal coupled with Uber’s driverless car accident has seen tech stocks plunging. Shares of other tech giants like Apple and Alphabet too have seen a decline in the last few days.

Overall, it’s too early to predict how the tech sector will perform in the days to come. As it is, the sector remains overvalued given that price increases continue to overshoot earnings growth. Given this scenario, it makes sense to identify value stocks that that could prove to be lucrative going forward. Our selection is also backed by a good Value Score and a Zacks Rank #1 (Strong Buy) and 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

We narrowed down our choices with the help of our new Style Score System.

Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer the best opportunities in the value-investing space.

Kulicke and Soffa Industries, Inc. KLIC is a leading provider of semiconductor packaging and electronic assembly solutions supporting the global automotive, consumer, communications, computing and industrial segments. Kulicke and Soffa has a Zacks Rank #1 and Value Score of B. The forward price-to-earnings ratio (P/E) for the current financial year (F1) 12.1, lower than the industry average of 21.2. It has a PEG ratio of 1.01, lower than the industry average of 1.83.

Lam Research Corporation LRCX enables its customers to shape the future of technology by providing market-leading equipment and services for semiconductor wafer processing.  Lam Research has a Zacks Rank #1 and Value Score of B. Its P/E ratio for the current financial year (F1) is 13.4, lower than the industry average of 13.9. It has a PEG ratio of 0.90, lower than the industry average of 1.32.

Super Micro Computer, Inc. SMCI designs, develops, manufactures and sells energy-efficient, application optimized server solutions based on the x86 architecture.  Super Micro Computer has a Zacks Rank #1 and Value Score of A. Its P/E ratio for the current financial year (F1) is 11.3, lower than the industry average of 15.5. It has a PEG ratio of 0.81, lower than the industry average of 1.28.

Seagate Technology PLC STX offers a portfolio of hard disc drives, solid state drives and solid state hybrid drives.  Seagate Technology has a Zacks Rank #1 and Value Score of A. Its P/E ratio for the current financial year (F1) is 12.3, lower than the industry average of 15.5. It has a PEG ratio of 0.79, lower than the industry average of 1.28.

Arrow Electronics, Inc. ARW is the world's largest distributor of electronic components and computer products to industrial and commercial customers. Arrow Electronics has a Zacks Rank #2 and Value Score of A. Its P/E ratio for the current financial year (F1) is 9.3, lower than the industry average of 12.5. It has a PEG ratio of 0.93, lower than the industry average of 1.32.

Zacks Editor-in-Chief Goes "All In" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

Downloadit free >>


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Seagate Technology PLC (STX): Free Stock Analysis Report
 
Super Micro Computer, Inc. (SMCI): Free Stock Analysis Report
 
Kulicke and Soffa Industries, Inc. (KLIC): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
General Motors Company (GM): Free Stock Analysis Report
 
Apple Inc. (AAPL): Free Stock Analysis Report
 
Arrow Electronics, Inc. (ARW): Free Stock Analysis Report
 
Lam Research Corporation (LRCX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_22_facebook_uber_fiasco_still_bugging_buy Thu, 22 Mar 2018 17:29:00 +0300
<![CDATA[Stamps.com, Overstock.com, Cisco, Seagate and Canon as Zacks Bull and Bear of the Day]]> For Immediate Release         

Chicago, IL – March 22, 2018 – Zacks Equity Research highlights Stamps.com STMP as the Bull of the Day and Overstock.com OSTK as the Bear of the Day. In addition, Zacks Equity Research provides analysis onCisco Systems, Inc. CSCO, Seagate Technology PLC STX and Canon, Inc. CAJ.

Here is a synopsis of all three stocks:

Bull of the Day:                                              

Stamps.com, a Zacks Rank #1 (Strong Buy), is a leading provider of Internet-based postage services. Stamps.com's service for postage online enables small businesses, enterprises, and consumers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection, right from their home or office. The Company targets its services to small businesses and home offices, and currently has PC Postage partnerships with Microsoft, EarthLink, HP, NCR, Office Depot, the U.S. Postal Service and others. Stamps.com provides easy, convenient and cost-effective Internet-based services for mailing or shipping letters, packages or parcels.

Recent Earnings Data

In the company’s most recent earnings report, it easily beat both the Zacks consensus earnings and revenue estimates for the 14th consecutive quarter.  Earnings grew by +73.4% while revenues improved by +24.5% due to impressive performances in both the Mailing & Shipping, and Customized Postage segments.  The mailing & shipping segment saw revenues grow by +26% while the customized postage segment produced revenue growth of +9%.  Another positive for the quarter was higher than anticipated service fees, and shipping volumes.  

Looking Forward

Going into 2018, management guided revenues between $530-560 million above the previous consensus of $532 million.  Further, STMP guided pro forma EPS in a range between $8.80-8.90, above the consensus of $8.53.  The increase in guidance was due to increased exposure of international markets, and customer acquisitions.  Another tailwind for the company is their elevated focus on shipping with e-commerce merchants.  
Management’s Take

According to Ken McBride, Chairman and CEO, “We are pleased with our fourth quarter and fiscal 2017 financial performance. We achieved strong financial results driven by exceptional performance in our shipping business. We believe we are well positioned for 2018 and we remain excited about our long-term business opportunities.”

Bear of the Day:

Overstock.com, a Zacks Rank #5 (Strong Sell) is an online closeout retailer offering discount, brand-name merchandise for sale over the Internet. Their merchandise offerings include bed-and-bath goods, kitchenware, watches, jewelry, electronics, sporting goods and designer accessories.

Recent Earnings Data

The company reported earnings on March 15th, where they significantly missed both the Zacks consensus earnings and revenue estimates.  On the earnings front, the company posted a loss of -$2.71 per share compared to the estimate of -$0.03.  Revenues also came in way below expectations at $456 million vs. the consensus estimate of $526 million.  On a year over year basis, OSTK saw declines in both revenues -13%, and gross profit -12%.  To add to the bad news, sales and marketing expenses grew by +13%, and G&A/Technology expenses rose by +8%.

Management stated that the losses in its ecommerce business was due to increased competition from Wayfair.

Management’s Take

According to Patrick Byrne, CEO, “We announced on our last earnings call that we had engaged Guggenheim to consider strategic alternatives, one of them being a sale of our ecommerce assets. This work is ongoing and we will provide an update when appropriate. That said, our philosophy has always been to run every asset like we intend to own it forever and our strategy discussion will be framed in that mindset.

“Our ecommerce business had its second annual pre-tax loss ($25 million) in nine years faced with a competitor called Wayfair running a pre-tax loss of $244 million for 2017. In fact, in the last four years, while our retail business has had pre-tax income of $30 million, Wayfair has lost $663 million: this is creating no small amount of margin compression. Because I do not want to watch this play out over years, I believe it is time for us to respond in kind. Thus, I am announcing that we are for the first time adopting the classic internet "growth strategy" I have previously eschewed: high growth, negative GAAP net income, funded out of our negative cash conversion cycle. We have already turned on the jets, and will demonstrate this year that our growth engine is far more efficient.”

Additional content:

3 Stocks for Dividend Investors to Buy Now

It has been no secret that the technology sector has been at the forefront of the market’s strong bull run. However, this might mean that income investors—those focused on finding companies with solid dividends—might be feeling left out, as tech stocks aren’t really known for their payouts.

Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors should not feel too intimidated. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds.

By limiting our search to companies in our “Computer and Technology” sector with Zacks Rank #2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now. Throw in your preferred dividend yield and voila—the best tech stocks for dividend investors to target!

Check out three of these stocks to buy now:

1. Cisco Systems, Inc.

Cisco is a worldwide leader in the information technology industry. The company develops and sells networking hardware, telecommunications equipment, and other high-technology services and products. Cisco is currently sporting a Zacks Rank #2 (Buy) and just reported better-than-expected earnings and revenues last month. Management also provided positive top-line guidance for the current quarter. Cisco is using its current strength to reward investors and currently provides a dividend yield of about 2.61%.

2. Seagate Technology PLC

Seagate is a global leader in hard drive manufacturing. It offers a range of disk drive products for the enterprise, client computing, and client non-computing market applications. Seagate is currently sporting a Zacks Rank #1 (Strong Buy) and an “A” grade for Value in our Style Scores system. The firm is currently generating a staggering $6.78 in cash per share on the back of 32% cash flow growth. Seagate takes advantage of its strong cash position by offering investors a dividend of 4.21%, making it one of the most attractive income options in the entire technology sector.

3. Canon, Inc.

Canon is an industry leader in professional and consumer imaging equipment and information systems. The stock is currently holding a Zacks Rank #1 (Strong Buy), as well as an “A” grade for Growth and a “B” grade for Value. Canon is generating cash flow growth of nearly 30% and sports an impressive RoE of 9%. Meanwhile, the company brings in about $4.28 in cash per share and sports a Debt/Equity ratio of just 0.16. Canon also recently crushed our Zacks Consensus Estimate for earnings by more than 12%. The imaging equipment offers a 3.78% dividend yield right now.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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http://www.so-l.ru/news/y/2018_03_22_stamps_com_overstock_com_cisco_seagat Thu, 22 Mar 2018 16:52:00 +0300
<![CDATA[3 Tech Stocks for Dividend Investors to Buy Now]]> It has been no secret that the technology sector has been at the forefront of the market’s strong bull run. However, this might mean that income investors—those focused on finding companies with solid dividends—might be feeling left out, as tech stocks aren’t really known for their payouts.

Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors should not feel too intimidated. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds.

By limiting our search to companies in our “Computer and Technology” sector with Zacks Rank #2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now. Throw in your preferred dividend yield and voila—the best tech stocks for dividend investors to target!

Check out three of these stocks to buy now:

1. Cisco Systems, Inc. (CSCO)

Cisco is a worldwide leader in the information technology industry. The company develops and sells networking hardware, telecommunications equipment, and other high-technology services and products. Cisco is currently sporting a Zacks Rank #2 (Buy) and just reported better-than-expected earnings and revenues last month. Management also provided positive top-line guidance for the current quarter. Cisco is using its current strength to reward investors and currently provides a dividend yield of about 2.61%.

 

2. Seagate Technology PLC (STX)

Seagate is a global leader in hard drive manufacturing. It offers a range of disk drive products for the enterprise, client computing, and client non-computing market applications. Seagate is currently sporting a Zacks Rank #1 (Strong Buy) and an “A” grade for Value in our Style Scores system. The firm is currently generating a staggering $6.78 in cash per share on the back of 32% cash flow growth. Seagate takes advantage of its strong cash position by offering investors a dividend of 4.21%, making it one of the most attractive income options in the entire technology sector.

 

3. Canon, Inc. (CAJ)

Canon is an industry leader in professional and consumer imaging equipment and information systems. The stock is currently holding a Zacks Rank #1 (Strong Buy), as well as an “A” grade for Growth and a “B” grade for Value. Canon is generating cash flow growth of nearly 30% and sports an impressive RoE of 9%. Meanwhile, the company brings in about $4.28 in cash per share and sports a Debt/Equity ratio of just 0.16. Canon also recently crushed our Zacks Consensus Estimate for earnings by more than 12%. The imaging equipment offers a 3.78% dividend yield right now.

 

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
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To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_21_3_tech_stocks_for_dividend_investors_to Wed, 21 Mar 2018 23:15:00 +0300
<![CDATA[Western Digital Rises More Than 4%: Can the Rally Continue?]]> Western Digital Corp.’s WDC shares have climbed 4.1% in yesterday’s trading session, outperforming the market.

Western Digital stock has gained 29.4% in the last three months, outperforming the 25.3% rally of the industry it belongs to.

Will the recent positive trend continue driving the stock over the long haul or is it due for a pullback? Before we discuss how investors and analysts have reacted as of late, let's take a quick look at the fundamentals and trends in order to get a better hold on the important drivers.

Growth Drivers

Western Digital delivered second-quarter fiscal 2018 non-GAAP earnings of $3.95 per share, which beat the Zacks Consensus Estimate by 14 cents and soared 71.7% from the year-ago quarter.

Revenues increased 9.2% year over year to $5.34 billion and surpassed the Zacks Consensus Estimate of $5.29 billion. The strong top-line growth reflected healthy demand in the company’s end-markets for high capacity enterprise hard drives and flash-based products.

Western Digital has started deploying 64-layer 3D technology across its product portfolio and the ramp of the 96-layer technology is expected in the later part of 2018. The company MAMR-based capacity enterprise hard drives are anticipated to be available for sampling in the second half of 2018.

Product Rollouts

Western Digital recently unveiled two new NVMe (Non-Volatile Memory Express) SSDs namely Western Digital PC SN720 and Western Digital PC SN520. This addresses the need of storage system that enables the fast data applications and new technologies.

With such launches, we expect Western Digital to strengthen market position against the likes of Seagate Technology.

According to Cisco GCI estimates, the machine, people and other things will require about 850 zettabytes (ZB) of storage by 2021. The growing demand requires a new storage standard and easy accessibility. We believe that the latest Western Digital’s NVMe client architecture and product portfolio will benefit from pent up demand in the storage market.

These product additions will enhance the company’s existing product portfolio. It will also aid Western Digital in getting a strong foothold in the global SSD market, which per latest data by TechNavio is expected to witness CAGR of 17% during 2016-2020.

Western Digital also unveiled the world’s fastest UHS-I microSD card and PCIe-enabled flash memory card technology, the 400GB SanDisk Extreme UHS-I micro SDXC card at MWC. It will enable users to better capture, preserve, access, share, transform and enjoy their personal content.

Joint Venture on Track

In Dec, 2017, Western Digital settled its dispute with long-time joint venture (JV) partner, Toshiba, over the divestiture of Toshiba Memory Corporation to a consortium led by Bain Capital. The company gave consent to the transfer of Toshiba’s equity interests in the JVs to TMC.

The settlement now ensures long-term availability of NAND supply for Western Digital.

Western Digital also announced that it will participate in the development of Fab 6 starting with the second investment tranche. Fab 6 operations are expected to commence in the next few months with initial bit output in the third calendar quarter of 2018.

The company also expects to participate in the new wafer fab scheduled to be constructed in Iwate.

Upward Estimate Revisions

In the last 60 days, the Zacks Consensus Estimate for Western Digital's current quarter and current year witnessed upward revisions. For the current quarter, the Zacks Consensus Estimate is currently pegged at $3.27 per share, up from earnings of $3.11 per share earlier. Similarly, the Zacks Consensus Estimate for current year is currently pegged at $13.97 per share compared with $13.47 projected 60 days ago.

Style Scores Look Great

Western Digitalcurrently sports an A grade for Growth and Value, lifting its overall VGM Score to A.

Positive Earnings Surprise History

Western Digitalhas an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering a positive average earnings surprise of 6.43%.

Further, it has a long-term expected EPS growth rate of 19%.

To Conclude

In our opinion, the stock deserves a place in investor’s portfolio and we are expecting an impressive return from the stock in the next few months.

Currently, the stock carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader technology sector include Applied Materials, Inc. AMAT, NVIDIA Corporation NVDA and DXC Technology Company DXC. Applied Materials and DXC Technology carry a Zacks Rank #2 (Buy), while NVIDIA sports a Zacks Rank #1 (Strong Buy).  You can see the complete list of today’s Zacks #1 Rank stocks here.

Applied Materials, NVIDIA and DXC Technology have a long-term expected EPS growth rate of 12 %, 10.3% and 10.5%, respectively.

More Stock News: This Is Bigger than the iPhone!                  

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. 

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http://www.so-l.ru/news/y/2018_03_19_western_digital_rises_more_than_4_can Mon, 19 Mar 2018 14:27:00 +0300
<![CDATA[5 Tech Stocks Lifting the Nasdaq ETF to New High]]> The Nasdaq Composite Index staged a stunning comeback, recouping all losses incurred early last month when the index had slipped into a correction territory. In fact, it hit a record high for the second consecutive session and has been outperforming major indices, which are yet to fully recover from February’s selloff, by a wide margin from a year-to-date look.   

The strength in the technology sector, which accounts for nearly half of the index, helped Nasdaq surge on a gain of 8.3% this year compared with gains of 1.4% for the Dow Jones and 3.2% for the S&P 500 (read: Can Tech ETFs Regain Investors' Love After Selloff Snub?).

What’s Driving Tech?

The sharp gains came from the astounding surge in FAANG stocks and other high-performance technology names. The emergence of cutting-edge technology such as big data, Internet of Things, autonomous cars, gaming, wearables, VR headsets, drones, virtual reality devices, artificial intelligence, cryptocurrencies, and other advanced information technologies as well as strong corporate earnings are acting as key catalysts.

The twin tailwinds of Trump’s tax reform plan and a rising interest rate scenario are also pushing stocks higher. This is because tech titans hoard huge cash overseas and are poised to benefit the most from the reduced tax rates. Additionally, most of the tech companies are sitting on a huge cash pile and are in a position to increase payouts to shareholders. The cash reserves will ensure that these companies do not face any financial trouble in a rising interest rate environment.

Adding to the strength is a pickup in the economy and better job prospects that are boosting economically-sensitive growth sectors like technology, which perform typically well in a maturing economic cycle. With the global economy gathering momentum, technology companies are likely to outperform and are less susceptible to interest rates or deregulation.

If these weren’t enough, waves of consolidation among semiconductor manufacturers are driving tech stocks to new highs (read: 5 ETF Ways to Tap Hot Semiconductor Stocks).

As a result, PowerShares QQQ QQQ, which serves as a proxy for the index, has climbed nearly 12% so far this year. Let’s take a closer look at the fundamentals of QQQ.

QQQ in Focus

This ETF provides exposure to 104 largest domestic and international non-financial companies listed on the Nasdaq by tracking the Nasdaq-100 Index. Information technology accounts for 61.1% of the assets, while consumer discretionary takes a 22.2% share. QQQ is one of the largest and the most popular ETFs in the large-cap space with AUM of $65.6 billion and average daily volume of around 35.3 million shares. It charges investors 20 bps in annual fees. The fund has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook (read: 9 ETFs That Emerged Bulls From the Bottom of Bear Market).

Though most of the stocks in the fund’s portfolio delivered strong returns, a few were the real stars, having gained more than 25%. Below we have highlighted five best-performing tech stocks in the ETF with their respective positions in the fund’s basket:

Top-Performing Tech Stocks in QQQ

Seagate Technology plc STX: This Ireland-based company designs, produces, and distributes electronic data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It saw impressive earnings estimate revision of 55 cents over the past 60 days for the fiscal ending June 2018, with expected earnings growth of 18.20%. The stock has a Zacks Rank #1 (Strong Buy) and VGM Score of A. STX makes up for just 0.21% allocation in the fund’s basket and has delivered incredible returns of nearly 44% this year. You can see the complete list of today’s Zacks #1 Rank stocks here.

Workday, Inc. WDAY: This California-based company is engaged in providing enterprise cloud applications for human resources and finance. The stock has seen positive earnings estimate revision of a couple of cents for the fiscal ending January 2019 over the past two months, with projected earnings growth of 16.50%. It has surged more than 35% this year and carries a Zacks Rank #3 (Hold) and a VGM Score of D. The stock holds a 0.23% share in QQQ.

Autodesk Inc. ADSK: This California-based company is a leader in 3D design, engineering and entertainment software. Though the stock saw negative earnings estimate revision of 7 cents for the fiscal ended January 2019 over the past two months, it is expected to generate whopping earnings growth of 310.42%. The stock has rallied about 33% this year and makes up for 0.38% of the fund. Currently, ADSK has a Zacks Rank #4 (Sell) and a VGM Score of F.

Micron Technology Inc MU: This Idaho-based company is one of the world's leading providers of advanced semiconductor solutions. The stock has gained about 33% this year and saw solid earnings estimate revision of 74 cents over the past two months for the fiscal ending August 2018, with an expected earnings growth rate of 113.1%. Micron Technology has a Zacks Rank #2 (Buy) and a VGM Score of A. The stock accounts for 0.77% of the fund (see: all the Large Cap ETFs here).

NVIDIA Corporation NVDA: This California-based company is a worldwide leader in graphics processors and media communications devices. This stock has risen more than 26% so far this year and has 1.8% exposure in the fund’s basket. It saw solid earnings estimate revision of $1.56 over the past two months for the fiscal ending January 2019, with an expected earnings growth rate of 28.86%. NVIDIA has a Zacks Rank #1 and a VGM Score of D.

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http://www.so-l.ru/news/y/2018_03_13_5_tech_stocks_lifting_the_nasdaq_etf_to Tue, 13 Mar 2018 17:05:00 +0300
<![CDATA[The Zacks Analyst Blog Highlights: Applied Materials, Micron Technology, Seagate Technology, Intel and Cognizant Technology Solutions]]> For Immediate Release

Chicago, IL – March 13, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Applied Materials, Inc. AMAT, Micron Technology, Inc. MU, Seagate Technology plc STX, Intel Corporation INTC and Cognizant Technology Solutions Corp. CTSH.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Monday’s Analyst Blog:

Tech Stocks’ Stunning Recovery: 5 Top Nasdaq 100 Picks

A jobs report tailor-made to boost investor sentiment helped U.S. stocks surge higher last Friday. The biggest beneficiaries of this data were tech stocks, with the Nasdaq hitting closing and intraday records. In the process, the index recouped losses incurred during February’s correction, inching up marginally.

Clearly, investors are seeking out tech stocks in an environment where growth-oriented investments are a favored option. Additionally, tech stocks have seen a successful earnings season and are expected to report strong numbers through 2018. With no roadblocks in sight, it makes sense to bet on large-cap tech stocks from the Nasdaq 100 at this point.

Tech Stocks Rebound From February Correction

During the week ended Feb 9, the Nasdaq Composite index declined 5.1%, suffering its worst losses since early 2016. And it has taken only a month for the tech-heavy index to recover completely. On Mar 9, the index gained 1.8% to close at 7560.81, around 0.33% higher than the previous record achieved on Jan 26.

Additionally, the Nasdaq 100, which is made up of the 100 largest companies in the index, hit a record level. The Nasdaq is now up 9.5% year to date while the S&P 500 has gained only 3.4%. The broader market benchmark is yet to fully recover from February’s selloff, thanks to inflationary concerns.

But in a market captivated by superior momentum levels, the likes of Microsoft, Netflix and Amazon have once again become investor favorites. Apple and Amazon each gained 1.7% on Mar 9 while Netflix rose 4.6%. The Philadelphia Semiconductor Index gained 2.1%.

Strong Earnings Expectations, Lack of Impediments

As of Mar 7, we have received Q4 results from 98.2% of the sector’s market cap in the S&P 500 index. Total earnings for these tech companies are up 23.6% from the same period last year on 10.9% higher revenues. Additionally, for full-year 2018, total earnings for these companies are expected to rise 22.7% on 10.9% higher revenues. (Read: A Very Positive Earnings Picture)

Strong earnings prospects are among the key reasons why tech stocks have once again caught investors’ imagination. Given the strong economic backdrop, this class of assets has become a favored option among investors since they are growing at a faster pace than the overall economy.

Also, there is a clear absence of factors which could snap the ongoing tech gains, at least in the short term. This is why they are becoming favored choices, much in keeping with one of last year’s top stock strategies, sticking with winning options. Further, investors are choosing to ignore any associated volatility which accompanies such an investment strategy.

Our Choices

Tech stocks have rebounded within a month of February’s correction, outpacing their equity counterparts. Investors have chosen to focus on their strong earnings prospects and the lack of impediments to future gains. This class of equities is probably the most favored growth choices even as the economy goes from strength to strength.

Given this backdrop, it makes sense to bet on large-cap tech stocks which make up the Nasdaq 100. Notably, this prominent large-cap index also hit a record high on Mar 9. However, picking winning stocks may be difficult.

This is where our VGM Score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score.

We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM Score.

Applied Materials, Inc. is one of the world’s largest suppliers of equipment for the fabrication of semiconductor, flat panel liquid crystal displays (LCDs), and solar photovoltaic (PV) cells and modules.

Applied Materials has a VGM Score of B. The company has expected earnings growth of 35.1% for the current year. The Zacks Consensus Estimate for the current year has improved by 8.8% over the last 30 days. Applied Materials has gained 20.5% year to date. The stock has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Micron Technology, Inc. has established itself as one of the leading worldwide providers of semiconductor memory solutions.

Micron has a Zacks Rank #2 (Buy) and a VGM Score of A. The company’s expected earnings growth for the current year is more than 100%. The Zacks Consensus Estimate for the current year has improved by 1.7% over the last 30 days. Micron has gained 32.8% year to date.

Seagate Technology plc is the second-largest manufacturer of hard disk drives (HDDs) in the United States.

Seagate has a Zacks Rank #2 and a VGM Score of A. The company has expected earnings growth of 18.1% for the current year. The Zacks Consensus Estimate for the current year has improved by 0.1% over the last 30 days. Seagate had gained 43.9% year to date.

Intel Corporation reported stellar fourth-quarter results and provided an encouraging guidance. The top-line growth came on the back of impressive results from Data Center Group (DCG), Internet-of-Things Group (IOTG), Non-Volatile Memory Solutions (NSG) and Programmable Solutions Group (PSG),

Intel has a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for the current year has risen 0.2% over the last 30 days. Intel has gained 13.1% year to date.

Cognizant Technology Solutions Corp. is a leading provider of information technology, consulting and business process outsourcing services.

Cognizant has a Zacks Rank #2 and a VGM Score of B. The company has expected earnings growth of 11.8% for the current year. The Zacks Consensus Estimate for the current year has moved up 7.1% over the last 30 days. Cognizant has gained 19.3% year to date.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >> 

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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Seagate Technology PLC (STX): Free Stock Analysis Report
 
Cognizant Technology Solutions Corporation (CTSH): Free Stock Analysis Report
 
Intel Corporation (INTC): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_13_the_zacks_analyst_blog_highlights_appli Tue, 13 Mar 2018 15:02:00 +0300
<![CDATA[Acxiom (ACXM) Hits 52-Week High: What's Behind the Rally?]]> Shares of Acxiom Corporation ACXM rallied to a new 52-week high of $31.73 on Mar 9, closing marginally lower at $31.69. The company has a market capital of $2.15 billion.

Notably, the stock has returned 16.1% year to date, substantially better than the industry’s rally of 9.6%. The momentum can be attributed to accretive acquisitions and partnerships that are helping in driving product innovation. Moreover, expanding customer base is a key catalyst.

Acxiom has an impressive earnings surprise history. The company outpaced the Zacks Consensus Estimate in three of the trailing four quarters, delivering a positive average earnings surprise of 20.75%.

Over the last 60 days, fiscal 2018 estimates were revised upward, resulting in the Zacks Consensus Estimate rising from 82 cents to 85 cents per share.



Acquisitions, Partnerships Strengthen Marketing Efforts

LiveRamp recently acquired Pacific Data Partners to enhance its accessibility of IdentityLink platform. Acxiom aims to transform people-based marketing efforts across the length and breadth of business-to-business (B2B) marketers with this acquisition.

Acxiom’s partner network continues to expand, as evident from its partnership with technology firm Adobe Systems Inc. with a view to offer Adobe Marketing Cloud to its customers for seamless cross-channel marketing campaigns. Additionally, the company has teamed up with social media firm Twitter Inc. to aid advertisers gauge the efficacy of advertising campaigns on offline sales.

The company has partnered with Microsoft’s LinkedIn and Yelp Local Audiences in the past. During the third quarter, the company announced extended partnership with RedPoint Global and 4INFO.

Product Innovations: Key Catalyst

The company recently launched Patients Insights Package to empower its healthcare solutions initiatives. The new offering will ensure that insights from data on prospective patients lead to customized and relevant campaigning.

Acxiom’s frequent product innovations like AbiliTecand and partnership with 4INFO — to provide location-based targeting segments for digital campaigns — are aiding the company expand its availability, consequently boosting the top line. In a first, IdentityLink was recently extended to television medium aiding the marketers to effectively campaign.

Acxiom has emerged as a formidable player in the field of marketing services and technology. The company is including the latest digital platforms in its InfoBase platform to increase the accessibility of its products through various digital channels. These products provide Acxiom a competitive edge in the industry.

Zacks Rank and Key Picks

Acxiom carries a Zacks Rank #3 (Hold).

Some better-ranked stocks trading at 52-week high include Paycom Software PAYC, Seagate Technology STX and Akamai Technologies AKAM. While Paycom sports a Zacks Rank #1 (Strong Buy), Seagate and Akamai carry Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term earnings growth rate for Paycom, Seagate and Akamai are currently pegged at 25.75%, 15.60% and 12.80%, respectively.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Akamai Technologies, Inc. (AKAM): Free Stock Analysis Report
 
Paycom Software, Inc. (PAYC): Free Stock Analysis Report
 
Acxiom Corporation (ACXM): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_12_acxiom_acxm_hits_52_week_high_what_s Mon, 12 Mar 2018 18:33:00 +0300
<![CDATA[Tech Stocks Stage Stunning Recovery: 5 Nasdaq 100 Picks]]> A jobs report tailor-made to boost investor sentiment helped U.S. stocks surge higher last Friday. The biggest beneficiaries of this data were tech stocks, with the Nasdaq hitting closing and intraday records. In the process, the index recouped losses incurred during February’s correction, inching up marginally.

Clearly, investors are seeking out tech stocks in an environment where growth-oriented investments are a favored option. Additionally, tech stocks have seen a successful earnings season and are expected to report strong numbers through 2018. With no roadblocks in sight, it makes sense to bet on large-cap tech stocks from the Nasdaq 100 at this point.

Tech Stocks Rebound From February Correction

During the week ended Feb 9, the Nasdaq Composite index declined 5.1%, suffering its worst losses since early 2016. And it has taken only a month for the tech-heavy index to recover completely. On Mar 9, the index gained 1.8% to close at 7560.81, around 0.33% higher than the previous record achieved on Jan 26.

Additionally, the Nasdaq 100, which is made up of the 100 largest companies in the index, hit a record level. The Nasdaq is now up 9.5% year to date while the S&P 500 has gained only 3.4%. The broader market benchmark is yet to fully recover from February’s selloff, thanks to inflationary concerns.

But in a market captivated by superior momentum levels, the likes of Microsoft MSFT, Netflix NFLX and Amazon AMZN have once again become investor favorites. Apple AAPL and Amazon each gained 1.7% on Mar 9 while Netflix rose 4.6%. The Philadelphia Semiconductor Index gained 2.1%.

Strong Earnings Expectations, Lack of Impediments

As of Mar 7, we have received Q4 results from 98.2% of the sector’s market cap in the S&P 500 index. Total earnings for these tech companies are up 23.6% from the same period last year on 10.9% higher revenues. Additionally, for full-year 2018, total earnings for these companies are expected to rise 22.7% on 10.9% higher revenues. (Read: A Very Positive Earnings Picture)

Strong earnings prospects are among the key reasons why tech stocks have once again caught investors’ imagination. Given the strong economic backdrop, this class of assets has become a favored option among investors since they are growing at a faster pace than the overall economy.

Also, there is a clear absence of factors which could snap the ongoing tech gains, at least in the short term. This is why they are becoming favored choices, much in keeping with one of last year’s top stock strategies, sticking with winning options. Further, investors are choosing to ignore any associated volatility which accompanies such an investment strategy.

Our Choices

Tech stocks have rebounded within a month of February’s correction, outpacing their equity counterparts. Investors have chosen to focus on their strong earnings prospects and the lack of impediments to future gains. This class of equities is probably the most favored growth choices even as the economy goes from strength to strength.

Given this backdrop, it makes sense to bet on large-cap tech stocks which make up the Nasdaq 100. Notably, this prominent large-cap index also hit a record high on Mar 9. However, picking winning stocks may be difficult.

This is where our VGM Score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM Score.

We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM Score.

Applied Materials, Inc. AMAT is one of the world’s largest suppliers of equipment for the fabrication of semiconductor, flat panel liquid crystal displays (LCDs), and solar photovoltaic (PV) cells and modules.

Applied Materials has a VGM Score of B. The company has expected earnings growth of 35.1% for the current year. The Zacks Consensus Estimate for the current year has improved by 8.8% over the last 30 days. Applied Materials has gained 20.5% year to date. The stock has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Micron Technology, Inc. MU has established itself as one of the leading worldwide providers of semiconductor memory solutions.

Micron has a Zacks Rank #2 (Buy) and a VGM Score of A. The company’s expected earnings growth for the current year is more than 100%. The Zacks Consensus Estimate for the current year has improved by 1.7% over the last 30 days. Micron has gained 32.8% year to date.

Seagate Technology plc STX is the second-largest manufacturer of hard disk drives (HDDs) in the United States.

Seagate has a Zacks Rank #2 and a VGM Score of A. The company has expected earnings growth of 18.1% for the current year. The Zacks Consensus Estimate for the current year has improved by 0.1% over the last 30 days. Seagate had gained 43.9% year to date.

Intel Corporation INTC reported stellar fourth-quarter results and provided an encouraging guidance. The top-line growth came on the back of impressive results from Data Center Group (DCG), Internet-of-Things Group (IOTG), Non-Volatile Memory Solutions (NSG) and Programmable Solutions Group (PSG),

Intel has a Zacks Rank #2 and a VGM Score of B. The Zacks Consensus Estimate for the current year has risen 0.2% over the last 30 days. Intel has gained 13.1% year to date.

Cognizant Technology Solutions Corp. CTSH is a leading provider of information technology, consulting and business process outsourcing services.

Cognizant has a Zacks Rank #2 and a VGM Score of B. The company has expected earnings growth of 11.8% for the current year. The Zacks Consensus Estimate for the current year has moved up 7.1% over the last 30 days. Cognizant has gained 19.3% year to date.

The Hottest Tech Mega-Trend of All                

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>       


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
Netflix, Inc. (NFLX): Free Stock Analysis Report
 
Cognizant Technology Solutions Corporation (CTSH): Free Stock Analysis Report
 
Apple Inc. (AAPL): Free Stock Analysis Report
 
Microsoft Corporation (MSFT): Free Stock Analysis Report
 
Intel Corporation (INTC): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
Applied Materials, Inc. (AMAT): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_12_tech_stocks_stage_stunning_recovery_5_n Mon, 12 Mar 2018 16:01:00 +0300
<![CDATA[Why Micron (MU) Might Not Be Tech's Perfect Value Stock]]> Shares of Micron Technology MU have soared more than 350% over the past two years, thanks in large part to rapid expansion of the memory-chip maker’s top and bottom lines. This has helped the stock emerge as a favorite among explosive-growth investors looking for tech firms that are outpacing the broader market.

But more recently, value investors have flocked to MU and its attractive valuation metrics. Wall Street seemingly cannot keep up with Micron’s lightning-quick growth, leaving the company’s Forward P/E and Earnings Yield figures well within the scope of a value investor. The stock frequently sports an “A” grade for Value in our Style Scores system, and to many, it is now one of the top value opportunities in the entire technology sector.

Micron is currently trading with a Forward P/E of 5.1, which compares incredibly favorably to the average of 17.4 held by the S&P 500, as well as the 21.8 average we see in our “Computers and Technology” sector. Breaking it down even further, MU also appears undervalued compared to the Semiconductors industry, which currently holds an average P/E of 13.7.

So how could it be possible for Micron to be trading at such a miniscule earnings multiple? At least part of the answer lies in the fact that Micron’s core business, computer and mobile memory, has been commoditized by investors in recent years. For whatever underlying reason, the market’s memory giants are simply not treated like other tech stocks.

When looking at Micron’s key valuation metrics, it probably helps to compare the stock to others in the memory business, including Western Digital WDC, Seagate STX, and Toshiba TOSYY. Each of these companies has expertise in different areas and are not always directly competing, but they all reflect the commoditization of the memory business.

Just take a look at how MU’s P/E compares to its peer group:

MU is still trading at a discount to the rest of its peers, but we can see that the gap is significantly smaller.

Now, it should be clearly stated that the observation of this trend is not a knock on Micron or its business model. Our current consensus estimates are calling for EPS growth of 107.9% and sales growth of 40.7% this fiscal year, and that type of year-over-year improvement speaks for itself.

But investors should know that this stock is likely to behave differently than other tech companies with triple-digit earnings growth, just as it does not see the price action one would expect from a stock trading a just 5x earnings.

Another thing investors might want to consider here is Micron’s P/S ratio. While the P/E ratio has long been a tried-and-true method for valuing stocks, some investors prefer the P/S ratio because revenues are often considered the more-accurate gauge for evaluating the health of a business.

Here’s a look at Micron’s P/S versus its peer group:

Now we are starting to see that Micron is not the flawless value stock that it might appear to be. Investors should certainly consider the whole picture for this Zacks Rank #3 (Hold) stock right now.

Want more market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Western Digital Corporation (WDC): Free Stock Analysis Report
 
Seagate Technology PLC (STX): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_03_01_why_micron_mu_might_not_be_tech_s_perf Thu, 01 Mar 2018 01:32:00 +0300
<![CDATA[Western Digital Unveils SSD Products, Boosts User Experience]]> At Mobile World Congress (“MWC”) and Embedded World, Western Digital Corporation WDC unveiled two new NVMe (Non-Volatile Memory Express) SSDs namely Western Digital PC SN720 and Western Digital PC SN520. This addresses the need of storage system that enables the fast data applications and new technologies.

Western Digital PC SN720 3D NAND will be available in 256GB, 512GB, 1TB and 2TB capacities on a single-sided M.2 2280 form factor. Western Digital PC SN520A with NVMe performance will be available in 128GB, 256GB and 512GB capacities on single-sided M.2 2280, M.2 2242, or M.2 2230 form factors. It is an exceptionally fast and cost-effective addition to the Western Digital 3D NAND portfolio, consequently providing adequate storage.

According to the press release, manufacturers of IoT devices, computing devices and monitoring systems will benefit greatly from these two new products. The new products will enable the capture and transformation of the massive quantities of data in real-time at the edge of smart city, smart home and personal data environments.

With such launches, we expect Western Digital to strengthen its market position against the likes of Seagate Technology.

According to Cisco GCI estimates, the machine, people and other things will require about 850 zettabytes (ZB) of storage by 2021. The growing demand requires a new storage standard and easy accessibility. We believe that the latest Western Digital’s NVMe client architecture and product portfolio will benefit from pent up demand in the storage market.

With the increasing use of 5G, fast data applications, VR, 4K video editing etc, comes the demand for power efficient high capacity performance storage solutions. Western Digital NVMe 3D NAND SSDs cater to this need and promises enhanced user experience.

These product additions will enhance the company’s existing product portfolio.It will also aid Western Digital in getting a strong foothold in the global SSD market, which per latest data by TechNavio is expected to witness CAGR of 17% during 2016-2020.

In a separate press release Western Digital also unveiled the world’s fastest UHS-I microSD card and PCIe-enabled flash memory card technology, the 400GB SanDisk Extreme UHS-I micro SDXC card at MWC. It will enable users to better capture, preserve, access, share, transform and enjoy their personal content.

It offers up to 160MB/sec sequential read and write speeds, which is more than 50% faster than its previous SanDisk Extreme UHS-I microSD cards. With A2 specification, this storage device is expected to enhance overall drive capacity, reliability and performance.

The company has also expanded its My Cloud solutions with My Cloud EX4, a broader portfolio of network attached storage (“NAS”) hard drives. My Cloud EX4 will help the company meet growing business needs with improved flexibility and security, consequently boosting the top line.

The ongoing transformation to 3D NAND technology is another tailwind. Further, the company’s growing footprint in the automotive as well as the connected home and industrial categories are likely to act as a key catalyst.

Zacks Rank and Stocks to Consider

Western Digital carries a Zacks Rank #3 (Hold).

A few better-ranked stocks in the broader technology sector are Lam Research Corporation LRCX and NVIDIA Corporation NVDA, sporting a Zacks Rank #1 (Strong Buy) while Facebook FB carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Lam Research, NVIDIA and Facebook have a long-term expected EPS growth rate of 14.85%, 10.25% and 26.51%, respectively.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Western Digital Corporation (WDC): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
Lam Research Corporation (LRCX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research]]>
http://www.so-l.ru/news/y/2018_02_28_western_digital_unveils_ssd_products_bo Wed, 28 Feb 2018 17:04:00 +0300