Shares of Semiconductor and Chip Stocks Are Trading Lower as Robust U.S. Payroll Additions Dampen the Outlook for Fed Rate Cuts. Also, the Conclusion of a Strong Financial Reporting Season for AI and Hardware Names May Be Weighing on the Sector...

BenzingaJun 6 00:13

High expectations crushing the optical networking star? Ciena reported stronger-than-expected results last quarter and raised its full-year guidance, yet its share price still fell.

In the second fiscal quarter, Ciena reported a 40% year-over-year increase in revenue and a 290% increase in EPS, both accelerating above expectations. The company’s revenue guidance ranges for the third fiscal quarter and the full fiscal year are both above market expectations, with the midpoint of the full-year guidance at the high end of its previously provided range. However, the degree of upside surprise is modest, offering limited excitement, and the margin guidance for the third fiscal quarter remains largely flat compared to the prior quarter.

wallstreetcnJun 5 06:34

U.S. Market Close | Dow surges nearly 900 points to a record high; AI-related trades cool off, dragging the Nasdaq lower; optical communication and memory sectors retreat across the board; space-themed stocks gain strength, with Rocket Lab up over 4%; gol

Broadcom's earnings outlook fell short of expectations, causing its stock to plunge more than 12% in a single day and briefly triggering a sell-off across the entire technology sector, with the Nasdaq Composite一度 dropping over 1%. However, bargain-hunting sentiment in the market helped narrow the Nasdaq's loss during the session to just 0.09%, while the Philadelphia Semiconductor Index rebounded by 4% from its intraday low.

wallstreetcnJun 5 06:27

Stifel Reiterates Buy on MaxLinear, Raises Price Target to $105

BenzingaJun 4 22:20 · Ratings

Stifel Maintains MaxLinear(MXL.US) With Buy Rating, Maintains Target Price $105

Futu NewsJun 4 19:31 · Ratings

Stifel Maintains MaxLinear(MXL.US) With Buy Rating, Raises Target Price to $105

Futu NewsJun 4 05:32 · Ratings