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linuspop

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linuspop

Re: None

Tuesday, 09/08/2020 12:02:10 PM

Tuesday, September 08, 2020 12:02:10 PM

Post# of 113280
UCTT down $1.75 (-7.69%) to $21. I bought some. No news that I can see.

Needham reiterated their $35 target after the latest earnings beat. The stock was over $30 a few weeks ago. Guidance seems positive.


From the July 29th earnings pr:

"Third Quarter 2020 Outlook

Due to limited visibility resulting from the pandemic, the Company has widened its guidance ranges to reflect the heightened uncertainty in the marketplace. The Company expects revenue in the range of $320.0 million to $360.0 million and GAAP diluted net income per share to be between $0.40 and $0.56. The Company expects non-GAAP diluted net income per share to be between $0.56 and $0.72."
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