Intel (INTC) Sees Q3 Revenue of $14.4B
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July 16, 2014 8:18 AM EDT
Piper Jaffray analyst Ruben Roy reiterated an Overweight rating and boosted his price target on Intel (NASDAQ: INTC) to $37.00 (from $31.00) following solid Q2 results and outlook. The firm notes momentum continues and they remain bullish on solid progress.
"While the corporate PC demand... More
July 16, 2014 6:47 AM EDT
Jefferies analyst Mark Lipacis reiterated a Buy rating, raised estimates and boosted his price target on Intel (NASDAQ: INTC) to $45.00 (from $40.00) following strong Q2 results and outlook. He sees a $60 bull case price target.
Lipacis comments, "Our Moore Stress thesis says... More
July 16, 2014 6:34 AM EDT
RBC Capital analyst Doug Freedman bumped his price target on Intel (NASDAQ: INTC) to $34.00 (from $31.00) following strong Q2 results and outlook but maintained a Sector Perform ratting as start-up costs emerge.
Freedman comments, "Strong quarter and outlook (Q3 & FY14) as our FY15 FCF/sh... More
July 15, 2014 4:04 PM EDT
Intel (NASDAQ: INTC) reported Q2 EPS of $0.55, $0.03 better than the analyst estimate of $0.52. Revenue for the quarter came in at $13.8 billion versus the consensus estimate of $13.69 billion.
"Our second-quarter results showed the strength of our strategy to extend the reach of Intel technology from the data center to PCs to the Internet of Things," said Intel CEO Brian Krzanich. "With the ramp of our Baytrail SoC family, we have expanded into new... More
