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INTC - Intel News Story

$62.93 1.2  2.0%

Last Trade - 29/05/20

Large Cap
Market Cap £215.85bn
Enterprise Value £231.34bn
Revenue £61.35bn
Position in Universe 23rd / 6364

BUZZ-Street View: Intel shows growth again, but will it sustain?

Fri 25th October, 2019 10:09am
** Intel Corp's  INTC.O  Q3 results beat estimates and
chipmaker raises FY revenue forecast, powered by sales to data
centers and easing concerns about slowing demand during the
U.S.-China trade war*:nL3N2794Y3
    ** Shares rose 3.5% after hours on Thursday; at least 3
brokerage raises PT on stock
    ** Cowen and Company ('market perform," PT: $53) sees
further gross margin pressure in 2019
    ** Brokerage sees stagnation on difficult comparables,
increasing competition and manufacturing related margin
headwinds in H2 2018 and 2019
    ** RBC ("underperform," PT: $48) sees risk to 2020 results
given competitive dynamics in co's data center business 
    ** JP Morgan ("overweight," PT: $68) expects co's data
centric business to grow at a near double-digit rate over time
and operating margins to expand over the next few years
    ** Oppenheimer ("perform") remains constructive on co's data
center outlook for now, but is wary of PC unit growth and growth
expectations tied to the Windows 10 refresh
    ** Keybanc ("sector weight") says data center revenue
strengthens into H2, adding that INTC is executing well in 2019
    ** INTC is on track to achieve record revenue and EPS in
2019 despite a number of headwinds - Keybanc
    ** Adds concerns over share losses and price competition are
valid, but not likely to have a significant impact in the mid

 (Reporting by Aniruddha Chakrabarty)
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