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Teradyne (TER) Appoints Marilyn Matz to Board of Directors
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Teradyne Inc. (TER - Free Report) recently announced changes at the management level with the appointment of Marilyn Matz to its Board of Directors, effective July 3.
Additionally, Matz was appointed to the Board’s Compensation Committee and the Nominating and Corporate Governance Committee.
Following the news, Teradyne’s shares increased 0.65%. The stock has outperformed the Zacks Electronic Testing Equipment industry in the last one year. It has returned 67.8% compared with the industry’s gain of 50.2%.
In her illustrious career, Matz served in responsible positions at a number of reputable organizations. She was one of the cofounders of Cognex and also held quite a few leadership positions there. She is also the cofounder and current CEO at Paradigm4. Ms. Matz has a degree in computer science from Syracuse University and MIT.
Management believes that her experience in automation, machine vision and software analytics related technologies will be instrumental in helping the company achieve long-term goals.
Roy Vallee, Teradyne’s Chairman of the Board, said, “We are very pleased that Marilyn is joining our Board of Directors”. “Her technical expertise and experience in the automation and vision fields will be especially valuable to our Board as Teradyne continues to strengthen its position in the global electronics and industrial automation industries.”
Recent Results & Looking Ahead
Teradyne delivered strong first-quarter 2017 results, wherein adjusted earnings of 44 cents surpassed the Zacks Consensus Estimate of 38 cents. Also, revenues of $457 million were above the Zacks Consensus Estimate of $439.2 million.
Teradyne issued decent second-quarter 2017 guidance. The company expects revenues of approximately $660–$700 million, up 48.7% sequentially at the mid-point. Also, management expects non-GAAP earnings per share in the range of 81–90 cents. The Zacks Consensus Estimate for the upcoming quarter is pegged at 84 cents.
Teradyne is a leading provider of automated test equipment.
Management expects strong demand in its core test businesses in the upcoming quarter. Given the popularity of its products, the Universal Robots acquisition and continuous design wins, we are optimistic about Teradyne’s performance in the long run.
However, weakness in the wireless test market could be a near-term concern.
KLA-Tencor delivered a positive earnings surprise of 11.55%, on average, in the last four quarters.
Applied Materials delivered a positive earnings surprise of 3.35%, on average, in the trailing four quarters.
Advanced Energy Industries, Inc. delivered a positive earnings surprise of 10.46%, on average, in the trailing four quarters.
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Teradyne (TER) Appoints Marilyn Matz to Board of Directors
Teradyne Inc. (TER - Free Report) recently announced changes at the management level with the appointment of Marilyn Matz to its Board of Directors, effective July 3.
Additionally, Matz was appointed to the Board’s Compensation Committee and the Nominating and Corporate Governance Committee.
Following the news, Teradyne’s shares increased 0.65%. The stock has outperformed the Zacks Electronic Testing Equipment industry in the last one year. It has returned 67.8% compared with the industry’s gain of 50.2%.
In her illustrious career, Matz served in responsible positions at a number of reputable organizations. She was one of the cofounders of Cognex and also held quite a few leadership positions there. She is also the cofounder and current CEO at Paradigm4. Ms. Matz has a degree in computer science from Syracuse University and MIT.
Management believes that her experience in automation, machine vision and software analytics related technologies will be instrumental in helping the company achieve long-term goals.
Roy Vallee, Teradyne’s Chairman of the Board, said, “We are very pleased that Marilyn is joining our Board of Directors”. “Her technical expertise and experience in the automation and vision fields will be especially valuable to our Board as Teradyne continues to strengthen its position in the global electronics and industrial automation industries.”
Recent Results & Looking Ahead
Teradyne delivered strong first-quarter 2017 results, wherein adjusted earnings of 44 cents surpassed the Zacks Consensus Estimate of 38 cents. Also, revenues of $457 million were above the Zacks Consensus Estimate of $439.2 million.
Teradyne issued decent second-quarter 2017 guidance. The company expects revenues of approximately $660–$700 million, up 48.7% sequentially at the mid-point. Also, management expects non-GAAP earnings per share in the range of 81–90 cents. The Zacks Consensus Estimate for the upcoming quarter is pegged at 84 cents.
Teradyne, Inc. Price and Consensus
Teradyne, Inc. Price and Consensus | Teradyne, Inc. Quote
To Conclude
Teradyne is a leading provider of automated test equipment.
Management expects strong demand in its core test businesses in the upcoming quarter. Given the popularity of its products, the Universal Robots acquisition and continuous design wins, we are optimistic about Teradyne’s performance in the long run.
However, weakness in the wireless test market could be a near-term concern.
Zacks Rank and Stocks to Consider
Teradyne carries a Zacks Rank #3 (Hold).Some other favorably placed stocks in the broader technology sector include KLA-Tencor (KLAC - Free Report) and Applied Materials (AMAT - Free Report) , each sporting a Zacks Rank #1, while Advanced Energy Industries, Inc. (AEIS - Free Report) , carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
KLA-Tencor delivered a positive earnings surprise of 11.55%, on average, in the last four quarters.
Applied Materials delivered a positive earnings surprise of 3.35%, on average, in the trailing four quarters.
Advanced Energy Industries, Inc. delivered a positive earnings surprise of 10.46%, on average, in the trailing four quarters.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>