Wall Street Zen Upgrades
Wall Street Zen upgrades three major stocks following strong quarterly earnings reports.
Anonymous
Wall Street Zen upgraded Cadence Design Systems, Applied Materials and AnaptysBio from hold to buy, while it rated JIADE a sell. Cadence’s broader analyst consensus remains Moderate Buy, with an average price target of about $404; its latest reported quarterly earnings per share topped estimates. Applied Materials also has a Moderate Buy consensus and an average target near $658, and its latest quarterly earnings and revenue exceeded estimates. AnaptysBio has a Moderate Buy consensus and an average target of about $79, though analyst opinions include one sell rating. JIADE’s consensus rating is Sell, in line with a separate sell rating from Weiss Ratings.
Key Points
1
AnaptysBio reported quarterly EPS of $5.11, far above analysts’ expected loss of $0.46, and revenue of $27.49 million versus a $14.06 million consensus estimate.
2
Cadence Design Systems’ quarterly revenue grew 24.2% year over year, while EPS rose to $2.11 from $1.65 in the same quarter a year earlier.
3
Applied Materials’ quarterly revenue increased 24.8% year over year, and the company reported a 30.05% net margin and 38.02% return on equity.
4
JIADE provides software-platform and related support services to adult-education institutions, primarily through its Kebiao Technology Educational Administration Platform; the company is based in Chengdu, China.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
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Reach
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