.62 vs. .57 estimate....good beat. But 5-10% sales drop...unexpected...coming in next qtr. Stock down.
Only 1% sales growth. I can't figure how this stock trades at 22x earnings. Should be no more than market multiple of 16-17x.
The stock should not be bought until sub $45 IMHO.
dropped below the 200 dma this AM. bounced. Will see if it's trend has been broken. Again, ADI lives off high margins and free cash flow and nice dividend. sales are not growing. Again, why this thing trades at 23x earnings is a mystery. At 18x (still above the SP500 p/e) earnings the stock would be around $40...with a yield around 4%. That's a good buy price.