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The Zacks Analyst Blog Highlights: Adobe, Broadcom and Oracle

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For Immediate Release

Chicago, IL –December 12, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Adobe (ADBE - Free Report) , Broadcom (AVGO - Free Report) and Oracle Corp. (ORCL - Free Report) .

Here are highlights from Wednesday’s Analyst Blog:

Tech Stock Earnings Lineup for December 12: Adobe, Broadcom & Oracle

The Technology sector was fettered by the Huawei ban, higher tariffs, weak China market, softness in NAND pricing and sluggishness in data center demand in the last quarter.

However, improving trend in PC shipments, increasing proliferation of IoT and growing clout of cloud-based applications have been driving the sector of late.

Notably, investors are now keenly awaiting earnings releases from Adobe, Broadcom and Oracle Corp., which usually report after the busy period of the earnings season. All these stocks are scheduled to report on Dec 12.

Let’s take a look into how things have been shaping up for these prominent technology companies ahead of their earnings releases.

Adobehas an Earnings ESP of +0.12% and a Zacks Rank #3 (Hold). Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 increases the odds of an earnings beat.

Notably, the Zacks Consensus Estimate for earnings has been stable over the past 30 days at $2.26.

The company’s fiscal fourth-quarter 2019 performance is likely to reflect robust adoption of Digital Media Solutions.

Moreover, impressive growth in Creative Cloud and Document Cloud business lines is expected to get reflected in the fiscal fourth-quarter Digital Media ARR (Annualized Recurring Revenues). (Read more: Adobe Gears Up for Q4 Earnings: What’s in the Cards?)

Broadcom’s fourth-quarter fiscal 2019 results are expected to reflect expanding presence in the infrastructure software space on synergies from CA buyout.

Furthermore, sequential growth in global semiconductor sales in August, September and October, is expected to have benefited Broadcom’s fiscal fourth-quarter performance.

Although Broadcom carries a Zacks Rank #2, an Earnings ESP of -3.51% makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.

We note that the Zacks Consensus Estimate for earnings has increased by 2 cents in the past 30 days to $5.39 per share. (Read more: Factors to Consider Ahead of Broadcom's Q4 Earnings)

You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Oracle’s second-quarter fiscal 2020 results are anticipated to reflect solid adoption of cloud-based services and latest Autonomous Database.

Further, cloud-based Fusion ERP, NetSuite and HCM applications is likely to have contributed to the fiscal second-quarter performance.

However, increasing expenses on product development, by means of new hiring, product roll outs and partnerships, and acquisitions, is expected to have weighed on margins in the fiscal second quarter.

This Zacks Rank #3 stock has an Earnings ESP of -0.28%, which makes surprise prediction difficult.

Notably, the Zacks Consensus Estimate for earnings has been stable over the past 30 days at 88 cents. (Read more: Factors Setting the Tone for Oracle's Q2 Earnings)

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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Oracle Corporation (ORCL) - free report >>

Adobe Inc. (ADBE) - free report >>

Broadcom Inc. (AVGO) - free report >>

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