UBS Maintains a 'Buy' on Intel (INTC); Soft Landing; Resilient Gross Margin
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Price: $102.50 -1.97%
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Intel (NASDAQ: INTC) price target of $34.00.
Last night after the close, INTC reported Q2 EPS of $0.54 pm $13.5 million revenues.
The company issued guidance for Q3, seeing Revenue: $14.3 billion, plus or minus $500 million (vs. consensus of $14.6B). Gross margin percentage: 63 percent and 64 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple of percentage points.
For FY12: Revenue up between 3 percent and 5 percent year over year, down from the prior expectation for high single-digit growth. Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple points.
All in, Q2 EPS beat estimates by $0.02 and revenue was in-line.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $25.38 yesterday.
Last night after the close, INTC reported Q2 EPS of $0.54 pm $13.5 million revenues.
The company issued guidance for Q3, seeing Revenue: $14.3 billion, plus or minus $500 million (vs. consensus of $14.6B). Gross margin percentage: 63 percent and 64 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple of percentage points.
For FY12: Revenue up between 3 percent and 5 percent year over year, down from the prior expectation for high single-digit growth. Gross margin percentage: 64 percent and 65 percent Non-GAAP (excluding amortization of acquisition-related intangibles), both plus or minus a couple points.
All in, Q2 EPS beat estimates by $0.02 and revenue was in-line.
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $25.38 yesterday.
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