$AMAT,, I have always loved this company and have
Post# of 22755
(Total Views: 210)
Posted On: 05/08/2017 11:03:08 PM
$AMAT,, I have always loved this company and have held shares in my long term account even though the dividend is not the best. This stock just keeps performing and the charts looks really good for another block to go into my account even at this pricing level. AMAT is currently trading at $41.51
"AMAT has beaten the Zacks Consensus Estimate for 14 straight quarters. In fact, the only miss was back in August of 2013. In mid February, the company beat the Zacks Consensus Estimate by 1.5% while revenues jumped more than 45% year over year to $3.28 billion. New orders were up 86% to $4.24 billion. The company reports earnings on May 18th. And has offered fiscal second quarter guidance ranges with midpoints that suggest revenue growth of 44% year over year and adjusted EPS growth of 124%.
The long-term growth prospects for its silicon and display segments are encouraging for the future, especially since the strength of its industry is likely to continue. AMAT is a global leader in semiconductor equipment sales and, therefore, has a strong pipeline of enabling technologies and a very solid balance sheet. Analysts like what they see and boosted expectations after its latest report. Over the last three months, the Zacks Consensus Estimate for this fiscal year (ending October 2017) grew 10% to $2.65, while next fiscal year (ending October 2018) advanced 11.1% to $2.80."
While I normally only spend this level for much larger dividend paying targets, I like AMAT for its continuing growth, Earnings Report coming out next week, and the way the chart is set up. All this is in my humble opinion.
"AMAT has beaten the Zacks Consensus Estimate for 14 straight quarters. In fact, the only miss was back in August of 2013. In mid February, the company beat the Zacks Consensus Estimate by 1.5% while revenues jumped more than 45% year over year to $3.28 billion. New orders were up 86% to $4.24 billion. The company reports earnings on May 18th. And has offered fiscal second quarter guidance ranges with midpoints that suggest revenue growth of 44% year over year and adjusted EPS growth of 124%.
The long-term growth prospects for its silicon and display segments are encouraging for the future, especially since the strength of its industry is likely to continue. AMAT is a global leader in semiconductor equipment sales and, therefore, has a strong pipeline of enabling technologies and a very solid balance sheet. Analysts like what they see and boosted expectations after its latest report. Over the last three months, the Zacks Consensus Estimate for this fiscal year (ending October 2017) grew 10% to $2.65, while next fiscal year (ending October 2018) advanced 11.1% to $2.80."
While I normally only spend this level for much larger dividend paying targets, I like AMAT for its continuing growth, Earnings Report coming out next week, and the way the chart is set up. All this is in my humble opinion.
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