Teradyne, Inc. (TER - Free Report) announced the appointment of Sanjay Mehta as new Vice President and chief financial officer (CFO). Mr. Mehta will take up his duties later this month.
Heis replacing the company’s previous CFO, Gregory Beecher, who announced his resignation earlier this year. He will be reporting directly to Teradyne’s chief executive officer, Mark Jagiela.
Backed by his experience in the areas of finance and semiconductor industry, Mr. Mehta will lead Teradyne’s global finance, operations and information technology organizations. Therefore, he will be responsible for the company’s growth.
Notably, Mehta had been working with Qualcomm, wherein he served for almost five years in a number of finance and strategic roles across the company. Most recently, he was Senior Vice President and General Manager of the Compute and XR Business. He first started his career at Price Waterhouse Canada.
With his vast knowhow and expertise, we expect Mehta’s expert guidance to aid the company in scaling new heights.
Growth Prospects
Teradyne is leaving no stone unturned to expand its presence in the automated test equipment market. It should continue to benefit from memory market exposure and strong product lineup. Also, the company’s lean cost structure and strong balance sheet remain positives.
Management expects strong demand in core test businesses in the first quarter of 2019. Given the popularity of its products, 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. Teradyne is expected to report first-quarter earnings on Apr 23.
Zacks Rank & Stocks to Consider
Teradyne currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Expedia Group, Inc. (EXPE - Free Report) , Ctrip.com International, Ltd. and ASOS plc (ASOMY - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth for Expedia, Ctrip.com and ASOS is currently projected at 13.4%, 23% and 8%, respectively.
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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 >>
Teradyne, Inc. (TER - Free Report) announced the appointment of Sanjay Mehta as new Vice President and chief financial officer (CFO). Mr. Mehta will take up his duties later this month.
Heis replacing the company’s previous CFO, Gregory Beecher, who announced his resignation earlier this year. He will be reporting directly to Teradyne’s chief executive officer, Mark Jagiela.
Backed by his experience in the areas of finance and semiconductor industry, Mr. Mehta will lead Teradyne’s global finance, operations and information technology organizations. Therefore, he will be responsible for the company’s growth.
Notably, Mehta had been working with Qualcomm, wherein he served for almost five years in a number of finance and strategic roles across the company. Most recently, he was Senior Vice President and General Manager of the Compute and XR Business. He first started his career at Price Waterhouse Canada.
With his vast knowhow and expertise, we expect Mehta’s expert guidance to aid the company in scaling new heights.
Growth Prospects
Teradyne is leaving no stone unturned to expand its presence in the automated test equipment market. It should continue to benefit from memory market exposure and strong product lineup. Also, the company’s lean cost structure and strong balance sheet remain positives.
Management expects strong demand in core test businesses in the first quarter of 2019. Given the popularity of its products, 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. Teradyne is expected to report first-quarter earnings on Apr 23.
Zacks Rank & Stocks to Consider
Teradyne currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector include Expedia Group, Inc. (EXPE - Free Report) , Ctrip.com International, Ltd. and ASOS plc (ASOMY - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth for Expedia, Ctrip.com and ASOS is currently projected at 13.4%, 23% and 8%, respectively.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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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