Needham & Company Reiterates a 'Strong Buy' on Jabil Circuit (JBL); Another Strong Quarter & Above Consensus Guidance
Tweet
Share
E-mailGet Alerts JBL Hot Sheet
Price: $313.21 -1.09%
Rating Summary:
15 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Needham & Company reiterates a 'Strong Buy' on Jabil Circuit (NYSE: JBL), PT increased by $1 to $26.
Needham analyst says, "Jabil continues to perform in the recovering environment due to superior execution and important (as well as timely) strategic repositioning. While the intended diversification (becoming 50% DMS) may not materialize in the model for a few years, we continue to hold a favorable view of mix migration toward this higher-growth and healthy-margin business segment (including Clean Tech) where Jabil also appears to be establishing true leadership among contract manufacturers."
"Raising Estimates Again. F3Q becomes $4.15B in revs. and $0.57 (excl. ~$0.07 of options), vs. prior $3.94B and $0.52. For F11, model now $16.4B and $2.35, vs. our prior $16.2B and $2.24. Our F12 estimate likely conservative."
For more ratings news on Jabil Circuit click here and for the rating history of Jabil Circuit click here.
Shares of Jabil Circuit closed at $18.93 yesterday.
Needham analyst says, "Jabil continues to perform in the recovering environment due to superior execution and important (as well as timely) strategic repositioning. While the intended diversification (becoming 50% DMS) may not materialize in the model for a few years, we continue to hold a favorable view of mix migration toward this higher-growth and healthy-margin business segment (including Clean Tech) where Jabil also appears to be establishing true leadership among contract manufacturers."
"Raising Estimates Again. F3Q becomes $4.15B in revs. and $0.57 (excl. ~$0.07 of options), vs. prior $3.94B and $0.52. For F11, model now $16.4B and $2.35, vs. our prior $16.2B and $2.24. Our F12 estimate likely conservative."
For more ratings news on Jabil Circuit click here and for the rating history of Jabil Circuit click here.
Shares of Jabil Circuit closed at $18.93 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Needham Starts Faeth Therapeutics (FTH) at Buy
- Needham Reiterates Hold Rating on Alight Solutions (ALIT)
- Needham Reiterates Buy Rating on Napco Security Technologies, Inc. (NSSC)
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
