NVIDIA Announces Financial Results for Third Quarter Fiscal 2016
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November 6, 2015 7:16 AM EST
Jefferies analyst Mark Lipacis reiterated a Buy rating and raised his price target on NVIDIA (NASDAQ: NVDA) to $38.00 (from $34.00) following results, saying their upgrade thesis is playing out.
Lipacis commented, "NVDA's OctQ beat and raise reinforces our 17-Sep upgrade thesis that PC-Gaming... More
November 6, 2015 7:13 AM EST
NVIDIA (NASDAQ: NVDA) posted solid upside to guidance for the October quarter and guided revenue flat Q/Q for January. PC Gaming is driving the 40% Y/Y growth in overall gaming revenue, following 51% Y/Y growth last quarter. Revenue of $1.3 bln was up 13% Q/Q, ahead of consensus of $1.18 bln driven by strength in GPU revenue.... More
November 6, 2015 6:59 AM EST
(Updated - November 6, 2015 11:22 AM EST)
MKM Partners upgraded NVIDIA (NASDAQ: NVDA) from Neutral to Buy with a price target of $36. The change follows strong Q3 results. Despite the stock's high multiple, analyst Ian Ing sees opportunity.
"We see a sustainable growth... More
November 5, 2015 4:21 PM EST
NVIDIA (NASDAQ: NVDA) reported Q3 EPS of $0.46, $0.21 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.18 billion.
For fiscal 2017, NVIDIA intends to return approximately $1.0 billion to shareholders through ongoing quarterly cash dividends and... More
