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Expect Margin Pressure to Weigh on Nvidia Following Earnings Warning |
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| Jul 08, 2008 05:58 PM UTC |
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Tracked Blogger
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7/7 - "Product-related issues for NVIDIA (NVDA) such as the transition from the G80 to G92 series and the recently discovered failure of certain notebook products will pressure gross margins, which we believe will continue for few quarters. We therefore maintain a Hold rating on the shares." "Shares of NVIDIA are currently trading at 11.3x our reduced fiscal 2009 EPS estimate of $1.11. We lower our estimates for the second quarter and full fiscal year 2009 and 2010. We also cut our six-month price target to $13.50, representing a multiple of 12.2 fiscal 2009 estimates." 
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3 Related Views
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 N/A risk: moderate |
Nvidia Warning Shows That Tech is No Safe Haven in this Market
7/3 - "Nvidia (NVDA) is a name a few readers have nominated as we looked for some new names in the tech space - the stock was approaching a triple bottom in the $18s after starting the year in mid $30s (50% drop). However, last night after the bell we had some uninspiring news and the stock is down an additional 28% to near $13. And just like that someone can lose 2/3rds of their money in 7 mon...
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N/A risk: moderate |
Analysts Split on How to Look at Nvidia's Warning
7/3 - "AmTech maintains BUY and believes NVDA will recover within 3 quarters...JMP Securities maintains OUTPERFORM, lowered target from $30 to $20 and recommends buying the stock on weakness, as the firm still believes that NVDA is the leader in the high-growth markets for 3-D graphics, visual computing, and low-power/high-definition video and multimedia processors...Oppenheimer upgraded NVDA f...
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63% risk: moderate |
Nvidia's Warning Could be Bad News for Intel; Recommend Bearish Hedged Play
7/3 - "NVDA cited end-market weakness for the lower forecast, which could be a bad sign for INTC. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on INTC."
"I would consider an August bear-call credit spread above the $23 range. A bear-call credit spread is an options position that combines the purchase and s...
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