Nomura Securities Maintains a 'Neutral' on AMD (AMD); Cutting Numbers After Big Miss
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Price: $4.07 +6.27%
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 15 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade AMD Now!
Nomura Securities maintains a 'Neutral' on AMD (NYSE: AMD) price target of $6.00 (from $8.00).
Analyst, Romit Shah, said, "AMD significantly reduced Q2 revenue growth outlook to down 11% q/q from its prior guidance of up 3% on soft PC sales in Europe and China. We believe the weaker outlook also reflects AMD’s weakening position in desktops. We are lowering our estimates from $1.6bn/$0.15 to $1.4bn/$0.07 in Q2, from $6.8bn/$$0.70 to $6.0bn/$0.36 in CY12 and from $7.3bn/$0.90 to $6.6bn/$0.60 in CY13."
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $5.62 yesterday, with a 52 week range of $4.31-$8.35.
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Analyst, Romit Shah, said, "AMD significantly reduced Q2 revenue growth outlook to down 11% q/q from its prior guidance of up 3% on soft PC sales in Europe and China. We believe the weaker outlook also reflects AMD’s weakening position in desktops. We are lowering our estimates from $1.6bn/$0.15 to $1.4bn/$0.07 in Q2, from $6.8bn/$$0.70 to $6.0bn/$0.36 in CY12 and from $7.3bn/$0.90 to $6.6bn/$0.60 in CY13."
For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.
Shares of AMD closed at $5.62 yesterday, with a 52 week range of $4.31-$8.35.
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