Sterne Agee CRT Reiterates Buy as Intel (INTC) Makes Moves in Face of Weak PC Market

Mizuho Securities Remains Bullish on Intel (INTC) Following Solid 1Q Earnings Report

Mizuho 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

Intel's (INTC) Better Margins and Reorg Offset Light Revenue

Jefferies 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

After-Hours Stock Movers 04/19: (VRML) (VMW) (MANH) Higher; (INTC) (CPE) (GME) Lower (more...)

Today's After-Hours Stocks Movers:

Vermillion, Inc. (NASDAQ: VRML) 10.2% HIGHER; announced the publication of the first clinical utility data demonstrating that identification of high-risk patients using OVA1 prior to surgery resulted in referral of nearly all patients who had primary ovarian malignancies to gynecologic oncologists.

VMware (NYSE: VMW) 10.1% HIGHER; reported Q1 EPS of $0.86, $0.02 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.58 billion. VMWare sees Q2... More

Intel to cut up to 12,000 jobs as PC industry swoons

By Narottam Medhora

(Reuters) - Intel Corp (NASDAQ: INTC) said on Tuesday it would cut up to 12,000 jobs globally, or 11 percent of its workforce, as it refocuses its business towards making microchips that power data centers and Internet connected devices and away from the declining personal computer industry it helped found.

Tech companies including the former Hewlett Packard Co and Microsoft Corp (NASDAQ: MSFT) have reorganized in the face of the PC industry decline. Many new tech users around the world turn to mobile phones for their... More

Intel (INTC) Tops Q1 EPS by 7c; Accounces Restructuring, Will Cut up to 12,000 Jobs

Intel (NASDAQ: INTC) reported Q1 EPS of $0.54, $0.07 better than the analyst estimate of $0.47. Revenue for the quarter came in at $13.8 billion versus the consensus estimate of $13.83 billion.

Intel announced a restructuring initiative to accelerate its evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices. Intel will intensify its focus in high-growth areas where it is positioned for long-term leadership, customer value and growth, while making the company more efficient and profitable.

The data center and Internet of Things (IoT) businesses are Intels... More

Intel (INTC) halted with news pending

Intel (NASDAQ: INTC) halted with news pending.

ITG Initiates Coverage on Intel (INTC); Revenue Facing Significant Medium-Run Headwinds

ITG initiates coverage on Intel (NASDAQ: INTC).

Analyst Mark Bachman commented, "FQ1 is generally Intels weakest revenue quarter. In 2016, this seasonal weakness will be partially offset by Intels acquisition of Altera, which should bring ~$400M in new revenue, and by... More

Apple (AAPL) Announces Revamped MacBook; Includes Latest Intel Processors, Longer Battery Life

Apple (Nasdaq: AAPL) updated MacBook with the latest Intel processors, improved graphics performance, faster flash storage and an additional hour of battery life, making the thinnest and lightest Mac® better than ever. Featuring an all-metal unibody enclosure, MacBook is now available in four aluminum finishes gold, silver, space gray, and for the first time on a Mac, a gorgeous rose gold. With a stunning 12-inch Retina® display, highly responsive full-size keyboard, Force Touch trackpad, versatile USB-C port and all-day battery life in a design that is just 2 pounds and 13.1 mm thin, MacBook is the... More

Cowen Sees In-Line Intel (INTC) Q1

Cowen Market Perform Intel price target of $33.00

Cowen analyst, Timothy Arcuri, thinks there is more to like at Intel (NASDAQ: INTC) than dislike, especially with the stock below $30. He expects an inline print since Street estimates already reflect well-known challenges... More

Summit Research Cuts Price Target on Intel (INTC) as Headwinds Continue

Summit Research maintained a Buy rating on Intel (NASDAQ: INTC), and cut the price target to $37.00 (from $38.00), as PC and server headwinds continue to hinder company sales.

Analyst Srini Sundararajan commented, "Per Gartner, Worldwide PC shipments totaled 64.8M units in... More