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Why did Intel drop after earnings?

Why did Intel drop after earnings?

Intel stock fell after the company reported earnings. Intel INTC –0.12% stock fell in extended trading Thursday after the company missed sales expectations and said its chief financial officer plans to retire in May. The company also chalked a decline in its PC business to broader component shortages.

Why is Intels stock so low?

Intel dropped 5.5% after a turnaround pitch from its senior executives late on Thursday failed to impress investors. Intel in recent years has fallen behind Taiwan Semiconductor Manufacturing Co in leading-edge manufacturing technology and lost market share to Advanced Micro Devices (AMD. O) and Nvidia (NVDA.

Is Intel a strong growth company?

Full reconciliations between these GAAP and non-GAAP measures are included below. Longer term, Intel expects year-over-year revenue growth moving to the mid- to high-single digits in 2023 and 2024, with year-over-year growth ramping to 10%-12% by 2026….

Full-Year 2022 Outlook
Non-GAAP earnings per share—diluted $3.50

Is Intel still a good buy?

At a recent price of $47.51 a share, representing a 27% discount to the $65 fair value estimate Davuluri assigns to this wide-moat stock, Intel is an attractive opportunity for long-term investors. That estimate implies an adjusted forward P/E ratio of 18 times earnings and mid-single-digit revenue growth.

Is Intel a long-term buy?

Intel has issues and is losing market share to competitors such as AMD (AMD), but at the same time, the company is still one of the largest semiconductor companies in the world. At current valuations, not too many things have to go right for Intel to be a solid long-term investment.

Why is Intel not doing well?

There are two fundamental issues, according to Matt Bryson, an analyst at Wedbush Securities: “[Intel] fell behind AMD in chip design and Taiwan Semiconductor (TSMC) in manufacturing.” During the most recent earnings call with analysts, CEO Pat Gelsinger had to concede that the technology in Intel’s data-centre …

Is Intel worth investing in?

Is Intel a good stock 2022?

The Santa Clara, Calif. -based chip maker continues to expect 2022 earnings of about $3.60 a share for the year on revenue of about $76 billion. Even as analysts expressed concern, the reiterated outlook did cause some to hike their estimates.

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