FMP
Jan 27, 2023 4:57 PM - Davit Kirakosyan
Seagate Technology (NASDAQ:STX) shares surged more than 10% on Thursday after the company reported Q2 results, with EPS of $0.16 coming in better than the Street estimate of $0.10. Revenue was $1.89 billion, beating the Street estimate of $1.83 billion.
The company is guiding its nearline exabyte shipment to improve sequentially in Q3 with demand continuing to improve throughout 2023, essentially suggesting that revenue has already troughed in the current cycle.
In addition, the company should see a nice recovery in gross margin in Q4 driven by the absence of underutilization charges and manufacturing inefficiencies.
Deutsche Bank analysts maintained their 2023/2024 EPS of $3.60/$6.00, but raised their price target from $55 to $60 on a slightly higher target multiple.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...