Shares of Intel slid 6.38% to $58.58 at 11:18 EST on Friday, following last session’s upward trend. NASDAQ Composite is jumping 0.96% to $13,951.11, following last session’s downward trend, This seems, up until now, a somewhat positive trend trading session today.
Intel’s last close was $63.70, 15.12% below its 52-week high of $67.44.
Intel’s sales growth is a negative 10.8% for the ongoing quarter and a decline by 0.3% for the next. The company’s growth estimates for the ongoing quarter is a negative 11.4% and positive 4.5% for the next.
Year-on-year quarterly revenue growth declined by 0.8%, now sitting on 77.71B for the twelve trailing months.
Intel’s Stock Yearly Top and Bottom Value
Intel’s stock is valued at $58.58 at 11:18 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 worth is under its 50-day moving average of $62.60 and above 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, "These businesses have been major Intel customers for years, so the trend is a concern for the company and investors. ", "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 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. "
Intel corporation Q1 adjusted earnings of $1.39 per share. According to Business Insider on Thursday, 22 April, "Excluding items, Intel Corporation reported adjusted earnings of $5.70 billion or $1.39 per share for the period."
Intel stock falls despite earnings beat, as data-center sales slump over 20%. According to MarketWatch on Thursday, 22 April, "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.", "Analysts surveyed by FactSet had estimated adjusted earnings of $1.15 a share on revenue of $17.79 billion, while Intel had forecast adjusted earnings of $1.10 a share on revenue of about $17.5 billion. "
More news about Intel.