Applied Materials Delivers Record Quarterly and Annual Revenue and Earnings Per Share
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November 18, 2016 8:01 AM EST
Susquehanna reiterated a Neutral rating on Applied Materials (NASDAQ: AMAT), and raised the price target to $27.00 (from $25.00), following the company's 4Q earnings report. AMAT reported revenues of $3.3B, in line with the consensus of $3.3B. Non-GAAP EPS of $0.66 was a penny above consensus of $0.65. AMAT guided Jan-Q revenue of $3.20B - $3.34B above prior consensus of $3.14B. 1Q Non-GAAP EPS guidance of $0.62 - $0.70, is above prior consensus of 0.59.
Analyst Mehdi Hosseini... More
November 18, 2016 6:12 AM EST
Cowen and Company lifts its price target on Outperform-rated Applied Materials (Nasdaq: AMAT) from $32.50 to $33 following Q4 results released Thursday night.
The firm commented today: While orders for both display and SSG were down as expected, the outlook here is very strong and AMAT is executing very well. Recent pull-ins that have made CQ4 better... More
