Back to top

The Zacks Analyst Blog Highlights: Oracle, Adobe Systems and Broadcom

Read MoreHide Full Article

For Immediate Release

Chicago, IL – March 15, 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: Oracle (ORCL - Free Report) , Adobe Systems (ADBE - Free Report) and Broadcom (AVGO - Free Report) .

Here are highlights from Thursday’s Analyst Blog:

Quarterly Beats for Oracle (ORCL - Free Report) & Adobe (ADBE - Free Report) , Broadcom (AVGO - Free Report) Mixed

Oracle has once again outperformed earnings estimates after today's closing bell, posting 87 cents per share versus a Zacks consensus of 84 cents, on $9.62 billion in quarterly revenues that beat the $9.59 billion expected. The company has not missed an earnings estimate since Q1 of fiscal 2017.

Standing out initially is $6.6 billion in cloud-based revenues for the quarter, a bit ahead of where analysts where anticipating. Oracle stock has risen 19.5% year to date ahead of this news; shares are actually ticking down slightly on modestly lowered guidance for next quarter.

Adobe Systems also topped expectations on its fiscal Q1 2019 earnings and sales results, with $1.71 per share on $2.60 billion surpassing the $1.61 per share and $2.54 billion analysts were looking for. Next quarter earnings per share guidance of $1.77 per share is well below the Zacks consensus $1.89, however. Yet shares continue inching upward in late trading, after surging roughly 30% from Christmas Eve 2018.

Broadcom, maker of radio frequency chips for smartphones, put up mixed quarterly report after the bell: earnings of $5.55 per share topped the $5.29 expected, but revenues of $5.79 billion were shy of the $5.82 billion in our consensus estimate.

The company cited the slowdown in China as being a factor, but because this has already been factored into fiscal full-year estimates, the company is retaining earnings guidance for 2020. Shares of AVGO are up 4.7% in late trading, putting the stock back up to levels seen a month ago.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                   

http://www.zacks.com                                                 

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.




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Adobe Systems Incorporated (ADBE) - free report >>

Oracle Corporation (ORCL) - free report >>

Broadcom Inc. (AVGO) - free report >>

More from Zacks Press Releases

You May Like

Published in