Ultra Clean Corp (UCTT - Free Report) is one of my favorite stocks. It has been a favorite for some time and at $25 and change it remains a favorite. Can you tell that I like this name or what?
Once again I am highlighting this stock as the Bull of the Day as it is back to the coveted Zacks Rank #1 (Strong Buy) status and looking to press higher and make a new 52 week high soon.
Description
is a developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean's customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean is headquartered in Menlo Park, California.
Earnings History
In looking at the last four earnings reports, investors have to like what they see. You can view this table below at the Zacks website under the detailed estimates page.
Estimates Moving Higher
Also on the detailed estimate page you can see the earnings estimate history over the last few months. I key in on the annual numbers and love to see how the estimate has increased from 30, 60 and 90 days. When I see something like that it tells me that about once a month the analysts are raising their expectations for the stock.
Chart and Valuation
I have talked a lot about the low valuation for UCTT in the past. I think a good way to think about the valuation of the stock is to look at the price and consensus chart. The stock runs higher with the estimates, and if I told you that the stock historically trades at around 13x forward earnings then you might be salivating. The truth is, the stock trades at 11x forward and 15x trailing. That is great for a stock with huge growth potential.
New Report: An Investor’s Guide to Cybersecurity
Cyberattacks have become more frequent and destructive than ever. In fact, they’re expected to cause $6 trillion per year in damage by 2020.
The cybersecurity industry is expanding quickly in response to these threats. In fact, a projected $170 billion per year will be spent to protect consumer and corporate assets. Zacks has just released Cybersecurity: An Investor’s Guide to Locking Down Profits which reveals 4 promising investment candidates.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Ultra Clean Corp (UCTT - Free Report) is one of my favorite stocks. It has been a favorite for some time and at $25 and change it remains a favorite. Can you tell that I like this name or what?
Once again I am highlighting this stock as the Bull of the Day as it is back to the coveted Zacks Rank #1 (Strong Buy) status and looking to press higher and make a new 52 week high soon.
Description
is a developer and supplier of critical subsystems for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean's customers are primarily original equipment manufacturers for the semiconductor capital equipment, flat panel, solar and medical device industries. Ultra Clean is headquartered in Menlo Park, California.
Earnings History
In looking at the last four earnings reports, investors have to like what they see. You can view this table below at the Zacks website under the detailed estimates page.
Estimates Moving Higher
Also on the detailed estimate page you can see the earnings estimate history over the last few months. I key in on the annual numbers and love to see how the estimate has increased from 30, 60 and 90 days. When I see something like that it tells me that about once a month the analysts are raising their expectations for the stock.
Chart and Valuation
I have talked a lot about the low valuation for UCTT in the past. I think a good way to think about the valuation of the stock is to look at the price and consensus chart. The stock runs higher with the estimates, and if I told you that the stock historically trades at around 13x forward earnings then you might be salivating. The truth is, the stock trades at 11x forward and 15x trailing. That is great for a stock with huge growth potential.
New Report: An Investor’s Guide to Cybersecurity
Cyberattacks have become more frequent and destructive than ever. In fact, they’re expected to cause $6 trillion per year in damage by 2020.
The cybersecurity industry is expanding quickly in response to these threats. In fact, a projected $170 billion per year will be spent to protect consumer and corporate assets. Zacks has just released Cybersecurity: An Investor’s Guide to Locking Down Profits which reveals 4 promising investment candidates.
Download the new report now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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