Intel (INTC) Tops Q1 EPS by 7c; Accounces Restructuring, Will Cut up to 12,000 Jobs
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Mizuho Securities Remains Bullish on Intel (INTC) Following Solid 1Q Earnings Report
April 20, 2016 8:45 AM EDTMizuho Securities reiterated a Buy rating and $36.00 price target on Intel (NASDAQ: INTC) following the company's 1Q earnings report. INTC reported revenue and non-GAAP EPS of $13.7B/$0.54, versus the street at $13.7B/ $0.48. Management guided 2Q16 to a flat $13.5B topline... More
Northland Capital Markets Downgrades Intel (INTC) to Market Perform
April 20, 2016 8:04 AM EDTNorthland Capital Markets downgraded Intel (NASDAQ: INTC) from Outperform to Market Perform.
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 $31.60 yesterday.
... MoreIntel's (INTC) Job Cuts are 'Step in the Right Direction'; Cowen Trims PT to $32
April 20, 2016 7:15 AM EDTCowen and Company trims its price target on Market Perform-rated Intel (Nasdaq: INTC) from $33 down to $32 following Q1 results and job cuts announced Tuesday night.
Analyst Timothy Arcuri commented, Amid a PC market that INTC finally seems to admit is... More
Intel's (INTC) Better Margins and Reorg Offset Light Revenue
April 20, 2016 7:08 AM EDTJefferies analyst, Mark Lipacis, raised his PT on Intel (NASDAQ: INTC) to $42 (from $39) as the reorg boosts EPS. No change to Buy rating.
Revs/EPS (ex-1x's) of $13.8B/$0.54 beat consensus $13.7B/$0.47. Revs came in at the low end of guidance ($13.6-14.6B) due to weakness in the PC TAM. Intel's PC platform volumes were down ~3%... More
Sterne Agee CRT Reiterates Buy as Intel (INTC) Makes Moves in Face of Weak PC Market
April 20, 2016 6:46 AM EDTSterne Agee CRT reiterated a Buy rating and $38.00 price target as Intel (NASDAQ: INTC) begins to shift focus to higher potential end markets. The company appears to be doubling down in DCG and other higher growth markets with restructuring actions to create sustainable earnings and FCF power. This... More
