Its best to keep expectations modest so there's room to beat on revs and earnings next quarter. However, the prudent investor has to take a wait and see approach while the contrarian investor reaps the benefits. Why buy at 50 when you can get it now at 31?
actually you will be able to buy it at $25 as soon as tomorrow I suggest.
before thinking of picking up this "bargain" in the mid-20s tomorrow everyone should listen to the conference call replay first. Guidance for Q1 is quite dismal with management declining to give full year 2013 guidance at this point. They also state that about 50% of the planned second half business has not been contracted for so far and that 2nd half margins will be lower due to more third party module sales.
the one and only bright spot was the great cash generation during Q4 with the cash balance now at $1 bln (long term debt is below $600 mln)
but this won't be enough to justify the current valuation of close to $3 bln - expect negative analyst commentary tomorrow morning and some price target reductions. Stock should be down 20%.