Intel (INTC) Flat Ahead of Q1 Results

Shares of Intel (Nasdaq: INTC) are flat ahead of Q1 earnings due after the close. Analysts expect Intel to report earnings of $0.25 and revenues of $9.63 billion.

In March, Intel lowered its Q1 gross margin forecast to 54%, plus or minus a point, from 56% due to lower than expected prices for NAND flash memory chips.

Wall Street has been cautious on Intel for some time and the stock is hovering just a few points above 52-week lows, but recently some on Wall Street have been calling for a bottom in the sector and with Intel being the leader in the space it is expected to lead the way.

Since�Intel reported Q4 earnings we have seen 4 notable downgrades or new cautious research calls versus three notable upgrades or new positive calls. Link to INTC related analyst ratings

For a history of Intel earnings report please see our INTC Related Earnings link.

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