Shares of Intel fell 6.21% to $58.68 at 10:14 EST on Friday, following last session’s upward trend. NASDAQ Composite is jumping 0.8% to $13,928.83, following last session’s downward trend, This seems, up until now, a somewhat positive trend exchanging session today.
Intel’s last close was $63.70, 14.93% below its 52-week high of $67.44.
Intel’s sales growth is a negative 9.9% for the ongoing quarter and a decline by 11% for the next. The company’s growth estimates for the current quarter and the next is a negative 20.7% and a negative 11.4%, respectively.
Year-on-year quarterly revenue growth declined by 1.1%, now sitting on 77.87B for the twelve trailing months.
Intel’s Stock Yearly Top and Bottom Value
Intel’s stock is valued at $58.68 at 10:14 EST, way under its 52-week high of $67.44 and way higher than its 52-week low of $43.61.
Intel’s Moving Average
Intel’s value is under its 50-day moving average of $62.60 and higher than its 200-day moving average of $53.91.
Previous days news about Intel
Intel reports 20% drop in data center sales; margin falls. According to Bloomberg Quint on Thursday, 22 April, "The PC business performed better on continued demand for laptops that run Intel processors. ", "While this has happened before and rebounds have followed, investors are increasingly concerned that delays in new Intel products have led this crucial group of customers to shop elsewhere and they won’t come back."
Stocks making the biggest moves after the bell: Intel, snap, silicon labs, Boston beer & more. According to CNBC on Thursday, 22 April, "Intel – Shares of the semiconductor chip manufacturer slipped 1.7% after Intel issued second-quarter earnings guidance that was below analyst expectations. "
Intel stock falls despite earnings beat, as data-center sales slump over 20%. According to MarketWatch on Thursday, 22 April, "This is a pivotal year for Intel," Intel Chief Executive Pat Gelsinger said in a statement with his first earnings report since officially taking over. ", "After adjusting for more than $2.2 billion for restructuring and other efforts, as well as other adjustments, Intel reported earnings of $1.39 a share, compared with $1.45 a share from a year ago."
Intel says expansion site in Ireland has Covid-19 outbreak. According to Bloomberg Quint on Thursday, 22 April, "We understand the number of positive cases to be approximately 70, but it is a fluid situation," Intel said in a statement. ", "Under new Chief Executive Officer Pat Gelsinger, Intel has committed to increasing spending on new plants and equipment to try to win back leadership in chip manufacturing technology and to increase capacity to make semiconductors for other companies amid shortages. "
More news about Intel.