Baird Reiterates Outperform on Advanced Micro Devices (AMD) Following 2Q Report
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Rating Summary:
53 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 17 | New: 31
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Baird reiterated an Outperform rating and $20.00 price target on Advanced Micro Devices Inc. (NASDAQ: AMD) following the company's 2Q report. 2Q18 non-GAAP EPS was $0.14, slightly above consensus of $0.13. Revenue was $1.76 billion, near the high end of the $1.675-$1.775 billion guidance and up 6.6% sequentially.
The midpoint of 3Q18 revenue guidance of $1.70 billion is below consensus of $1.76 billion. 3Q18 gross margin guidance of 38% is above consensus of 37.7%.
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 $16.05 yesterday.
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