Applied Materials Draws Earnings Previews Ahead of November 12 Report
· 4 sources
Ahead of its November 12 fiscal fourth-quarter results, Applied Materials (AMAT) is the subject of previews from ad-hoc-news.de, TradingKey and Seeking Alpha.
What happened
Applied Materials (AMAT) is drawing attention from several outlets as it approaches its fiscal fourth-quarter report, scheduled for November 12, according to ad-hoc-news.de.
TradingKey reports that the company has guided to equipment growth of more than 30% and packaging growth of more than 50%. The outlet also points to a technical resistance area near the 555 level that it describes as critical.
Seeking Alpha published two earnings previews describing the report as consequential for the broader market, both noting a rating upgrade. ad-hoc-news.de refers to a sharp weekly decline in the stock heading into the results.
Context
Applied Materials supplies equipment used to manufacture semiconductors, so its results are often read as a signal for the chip industry's capital spending.
Why it matters
Because the company sits within the semiconductor supply chain, its report could shape how investors view equipment demand across the sector.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$332.72+4.22% vs. previous close ($319.25) · November 6
Fair value (ATLAS)
$179.92Fair range: $106.68 to $303.44The price ($332.72) is 84.9% above that figure.
Chance of a rise in 1 month
46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $288.10 and $371.50; 9 in 10, between $229.97 and $465.42.
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