History is a graveyard of companies that refuse to innovate. Google is the most innovative company in the world. They will remain king long after apple has gone the way of the dodo. For those that think google glass or the driverless car are pipe dreams, take a lesson from blackberry or kodak. Stop worrying about google shares. Buy them. Own them for the long term and you shall be rewarded.
Any tech company that refuses to innovate is dead over the long run. Not sure why Cook is missing out on the whole robotic revolution, or the streaming video revolution, or the social media revolution, or the home automation revolution, or the intelligent car revolution. Without Jobs or any kind of intelligent leadership I fear apple will eventually go the way of blackberry.
Canaccord raised its price target on Michael Kors to $123 from $119 following its better than expected Q4 results and comp guidance and its international growth opportunities. The firm maintains its Buy rating on the shares, which it considers a core growth holding.
Kors is the best retail stock out there on any metric... that's why everyone is buying brown shoe BWS today instead (up 8%)? what's up with that???
I should add that the stock is dirt cheap too, at these levels, trading at only 23 times forward earnings with a long term growth rate of at least 25%.
Kors is on a very short list of retailers that you can actually invest in with a straight face. Great earnings, revenue growth, and brand strength. Who else is actually doing well in this environment? TIF, JWN, M, AMZN, WSM, and that's about it! So if you're a fund manager, and you want exposure to retail, you have limited choices. Buy some #$%$ company and risk getting fired if it tanks, or choose from the small list of retailers actually doing well.
from fly on the wall: Michael Kors weakness a buying opportunity, says ISI Group
ISI Group- recommends buying Michael Kors on weakness and said Q4 margin pressure was due to store pre-opening expenses, not underlying gross margin pressure.
You don't spend more than two decades in the rapidly changing world of computer servers without knowing how to adapt to new product cycles and technologies.
Super Micro Computer (SMCI) is proof enough of that, using its expertise in product development and innovation to stay a step ahead of much larger rivals. The firm designs, develops, manufactures and sells server systems and solutions.
Its products include servers, workstations, storage systems, server components, networking devices and server management software. Super Micro also provides services and support to clients. Its solutions are based on x86 architecture, the personal computer central processing unit (CPU) architecture and platform developed by Intel (INTC).
Super Micro has delivered steady profits and solid revenue growth over the years by using its research and development expertise to produce innovative new products quickly, analysts say.
"When new server components are introduced to the market by its partners, SMCI is typically first to respond with new servers that leverage the new components," noted Mark Kelleher, analyst at D.A. Davidson.
One of the most important components is the CPU, he says. And one of Super Micro's key suppliers in that area is Intel.
Intel typically introduces a new CPU architecture every year, then introduces an upgrade six months after the initial introduction. Intel's current high-end architecture is its Ivy Bridge-E architecture.
"When Intel introduces a new CPU to the market, SMCI typically sees an upsurge of server sales as it takes advantage of the new product cycle," Kelleher said.
That upsurge has been evident in Super Micro's recent financial returns. Last month, the company posted a 34% year-over-year gain in revenue for its fiscal third quarter, which ended in March. It was the biggest top-line increase in years and marked the sixth straight quarter of double-digit growth.
Super Micro officials, who could not be reached for comment, have long
Sentiment: Strong Buy
$19 is a bit optimistic don't you think? Remember that this is a company with no earnings. $19 would put it at $10B market cap, which is still 5X forward sales! Long term though, I think the company could be worth $15 per share. It may take a few years, but it could get there if everything goes right for them.
I agree, TWTR should drop dramatically from here, but there seems to be a huge and unending swarm of complete idiots always buying, buying, buying it. After missing the quarter, the shares are already all the way back up again. I guess it doesn't matter what the company does, or how bad it is, as long as the army of morons keeps buying it, it won't go down.
JNPR is not a good comparison, as that is a company with serious issues and a questionable future. SMCI on the other hand is crushing it, and beating estimates every quarter. A better comparison might be skyworks which trades at $13 times forward earnings. Skyworks also beat and raised, but for some reason, they were rewarded with a new high, while SMCI continues to be punished for unknown reasons, even though it trades at only 12 times forward earnings and you could argue their beat and raise was better than skyworks'.
I hope you're right! I can't believe how much this dropped. Down 10% from $22 when they reported.
Yeah, amazon is considered expensive at 2 times forward revenues... What does that say about yelp which trades at 10 times forward revs?
Now that the party is over with the high valuation growth stocks, there's no level too low for the professionals and insiders to sell at. These probably won't stop falling until they reach some level where valuation makes sense, but that is at much, much lower levels.
AMZN, FB, AWAY, NOW.