Seiko Epson (OTC:SEKEY) Stock, Quote.Headers.trade-ideas

Seiko Epson

Seiko Epson Corp is a Japan-based electronics manufacturer of printers and imaging equipment. The firm's product portfolio includes inkjet, dot matrix, and laser printers, scanners, desktop computers, business, multimedia and home theatre projectors, large home theatre televisions, robots and industrial automation equipment, point of sale docket printers and cash registers, laptops, integrated circuits, and associated electronic components. The firm has operations in the Americas, Middle East and Africa, Australia, and Asia-Pacific regions.

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Benzinga&#39;s M&amp;A Chatter for Wednesday September 10, 2014

SEIKO EPSON CORP UNSP/ADR by Seiko Epson Corp.

Seiko Epson Corp

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Seiko Epson (OTCMKTS:<a href="https://investorplace.com/stock-quotes/sekey-stock-quote/">SEKEY</a>) just reported results for the fourth quarter of 2023.<ul><li>Seiko Epson reported earnings per share of 10 cents.</li><li>The company reported revenue of $2.17 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/sekey-stock-earnings-seiko-epson-for-q4-of-2023/">SEKEY Stock Earnings: Seiko Epson Reported Results for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SEKEY Stock Earnings: Seiko Epson Reported Results for Q4 2023

In today's tech-driven world, businesses increasingly rely on technology solutions and hardware, while government support for innovation further brightens the industry's prospects. Given this backdrop, investors could consider adding fundamentally strong tech stocks such as Gartner (IT), Nokia (NOK), Seiko Epson (SEKEY), AudioCodes (AUDC), and RADCOM (RDCM) to their portfolio before May ends. Read on... The tech sector is booming thanks to increased investments in outsourcing tech, advanced hardware for streamlined operations, and advanced communication networking equipment. Likewise, the rising demand for faster connectivity, improved workspace standards, and digitization across sectors further enhances industry prospects.
Given this backdrop, investors could consider buying strong tech stocks Gartner, Inc. (<a href="https://stocknews.com/stock/IT/">IT</a>), Nokia Oyj (<a href="https://stocknews.com/stock/NOK/">NOK</a>), Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>), AudioCodes Ltd. (<a href="https://stocknews.com/stock/AUDC/">AUDC</a>), and RADCOM Ltd. (<a href="https://stocknews.com/stock/RDCM/">RDCM</a>).
Ever-evolving tech trends are shaping the growth trajectory of the industry, including the trend of outsourcing tech services, which reduces IT costs, enhances scalability, and focuses on core competencies. Companies outsourcing cloud computing projects to third-party providers are driving the expected growth of the IT outsourcing market of 7.4% CAGR to <a href="https://www.thebusinessresearchcompany.com/report/it-outsourcing-global-market-report">$171.50 billion by 2028</a>.
The tech sector's growth is further driven by automation, digital transformation, and the adoption of AI and VR. Businesses' increasing use of edge computing, IoT devices, and cloud services requires robust electronics and high-speed networking devices for optimal functionality. The global optical communication and networking equipment market is expected to grow at a <a href="https://finance.yahoo.com/news/global-optical-communication-networking-equipment-094300881.html">CAGR of 15.8%</a>, reaching $107.46 billion by 2030.
Similarly, the demand for high-quality hardware is rising due to the need for automated, interconnected, and smarter systems that meet complex processing demands and increasing workloads across industries, boosting hardware sales. The IT hardware market is expected to grow at a 7.9% CAGR, reaching <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">$191.03 billion by 2029</a>.
Lastly, investors' interest in tech stocks is evident from the Technology Select Sector SPDR Fund's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 36.1% returns over the past year.
Considering these conducive trends, let's analyze the fundamentals of the five tech stocks mentioned above.
Gartner, Inc. (<a href="https://stocknews.com/stock/IT/">IT</a>)
IT operates as a research and advisory company internationally. It operates through three segments: Research, Conferences, and Consulting.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin, IT's 18.87% is 312.6% higher than the 4.57% industry average. Its 18.03% trailing-12-month levered FCF margin is 85% higher than the 9.75% industry average. Likewise, its 133.87% trailing-12-month Return on Common Equity is considerably higher than the industry average of 3.86%.
IT's revenues for the first quarter ended March 31, 2024, increased 4.5% year-over-year to $1.47 billion. The company's adjusted net income and EPS each increased marginally from the prior-year quarter to $232 million and $2.93, respectively. Additionally, IT's adjusted EBITDA rose marginally year-over-year to $382 million.
Analysts expect IT's EPS and revenue for the quarter ending June 30, 2024, to increase 5.4% year-over-year to $3 and $1.59 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 39.1% to close the last trading session at $456.30.
IT's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Sentiment, and Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry, it is ranked #2 out of 9 stocks. To see IT's Growth, Value, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/IT/">click here</a>.
Nokia Oyj (<a href="https://stocknews.com/stock/NOK/">NOK</a>)
Headquartered in Espoo, Finland, NOK provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies.
On May 13, 2024, NOK announced that New Zealand's 2degrees has chosen NOK's 5G core software solutions, which will run on Red Hat OpenShift, to enhance data management and network reliability. This collaboration aims to modernize 2degrees' network with open cloud architectures, benefiting approximately 1.6 million subscribers.
On May 9, 2024, NOK and Alcon were selected by Sigma Lithium to deploy the first private LTE wireless campus network in the Americas for lithium mining. This network will connect over 200 workers and mine equipment, enhancing operational efficiency, productivity, and worker safety.
In terms of the trailing-12-month Return on Total Capital, NOK's 5.12% is 102.9% higher than the 2.52% industry average. Likewise, its 2.53% trailing-12-month Capex / Sales is 10.5% higher than the industry average of 2.29%. Its 10.24% trailing-12-month EBIT margin is 124% higher than the industry average of 4.57%.
During the fiscal first quarter that ended March 31, 2024, NOK's net sales amounted to €4.67 billion ($5.07 billion). Likewise, its operating profit stood at €400 million ($434.70 million). In addition, its profit for the period and EPS grew 51.6% and 50% year-over-year to €438 million ($475.99 million) and $0.08, respectively.
For the quarter ending September 30, 2024, NOK's EPS is expected to increase 69.9% year-over-year to $0.09. Its revenue for the same quarter is expected to increase 11.9% year-over-year to $5.90 billion. NOK's stock has gained 11.6% year-to-date to close the last trading session at $3.81.
It's no surprise that NOK has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Value. Within the <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> industry, it is ranked #7 out of 45 stocks. Beyond what we stated above, we also have given NOK grades for Growth, Momentum, Stability, Sentiment, and Quality. Get all the NOK ratings <a href="https://stocknews.com/stock/NOK/">here</a>.
Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>)
Headquartered in Suwa, Japan, SEKEY and its subsidiaries develop, manufacture, sell, and provide services for products in printing solutions, visual communications, manufacturing-related, wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables.
In terms of the trailing-12-month net income margin, SEKEY's 4% is 54.4% higher than the 2.59% industry average. Similarly, its 6.84% trailing-12-month Return on Common Equity is 77.2% higher than the industry average of 3.86%. Additionally, its 0.95x trailing-12-month asset turnover ratio is 54.4% higher than the industry average of 0.62x.
For SEKEY's revenue for the fiscal year that ended on March 31, 2024, was ¥1.31 trillion ($8.42 billion), and its profit from operating activities was ¥57.53 billion ($368.88 million). The company's profit for the period attributable to owners of the parent company and EPS were ¥52.62 billion ($337.35 million) and ¥158.66, respectively.
Additionally, the company's total assets were ¥1.41 trillion ($9.06 billion) as of March 31, 2024, compared to ¥1.34 trillion ($8.60 billion) as of March 31, 2023.
Street expects SEKEY's revenue for the fiscal year ending March 31, 2025, to increase 57.6% year-over-year to $8.56 billion. The stock has gained 10.3% over the past six months to close the last trading session at $7.94.
SEKEY's positive outlook is reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Value and a B for Momentum, Stability, and Quality. It is ranked #2 out of 37 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry. To access SEKEY's Growth, and Sentiment grades, <a href="https://stocknews.com/stock/SEKEY/">click here</a>.
AudioCodes Ltd. (<a href="https://stocknews.com/stock/AUDC/">AUDC</a>)
Headquartered in Lod, Israel, AUDC provides advanced communications software, products, and productivity solutions for the digital workplace worldwide. The company offers solutions, products, and services for unified communications, contact centers, hosted business services, Voice.AI, and service provider businesses.
On March 25, 2024, AUDC announced a strategic partnership with Tata Tele Business Services (TTBS) to offer Smartflo UCaaS on Microsoft Teams. This will enable integrated voice calling via Microsoft Operator Connect and Direct Routing.
The collaboration enhances AUDC's presence in India's enterprise market by providing Microsoft Teams users with seamless communication solutions and advanced contact center services through the AudioCodes Live Platform.
On March 13, 2024, AUDC introduced the Voca Conversational Interaction Center (Voca CIC) as an omnichannel contact center for Microsoft Teams, now including email and webchat alongside voice. This enhancement strengthens AudioCodes Live, offering comprehensive calling and contact center capabilities for Microsoft Teams users.
AUDC's trailing-12-month gross profit margin of 65.43% is 33.2% higher than the industry average of 49.11%. Its trailing-12-month Return on Common Equity and Return on Total Assets of 5.97% and 3.29% are 54.5% and 122.3% higher than the industry averages of 3.86% and 1.48%, respectively.
AUDC's total revenues for the fiscal first quarter that ended March 31, 2024, increased 1.5% year-over-year to $60.08 million. The company's gross profit rose 5.8% from the year-ago value to $38.67 million. Furthermore, AUDC's non-GAAP net income stood at $5.22 million or $0.17 per share, up 94.7% and 112.5% over the prior-year quarter, respectively.
Analysts expect AUDC's EPS for the quarter ending June 30, 2024, to increase 19.8% year-over-year to $0.19. Its revenue for the same quarter is expected to grow marginally year-over-year to $60.56 million. It surpassed consensus revenue estimates in each of the trailing four quarters. The stock has gained 14.4% over the past year, closing the last trading session at $10.02.
AUDC's solid prospects are reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has a B grade for Growth, Value, and Quality. It is ranked first in the Technology – Communication/Networking industry. To see AUDC's Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/AUDC/">click here</a>.
RADCOM Ltd. (<a href="https://stocknews.com/stock/RDCM/">RDCM</a>)
Headquartered in Tel Aviv, Israel, RDCM provides 5G-ready cloud-native network intelligence and service assurance solutions for telecom operators or communication service providers (CSPs). Its offerings include RADCOM ACE, RADCOM Service Assurance, RADCOM Network Visibility, and RADCOM Network Insights.
On May 7, 2024, RDCM announced that RADCOM NetTalk is now available on AWS, leveraging generative AI and NLP for advanced automated assurance and real-time network insights. This enables telecom operators to manage 5G networks more efficiently and enhance customer experiences.
On May 2, 2024, RDCM announced that a U.S. telecom operator extended its contract to use RADCOM ACE Service Assurance, now running on AWS as a SaaS. This will enhance automation and flexibility, providing real-time network insights to ensure superior customer experiences.
In terms of the trailing-12-month net income margin, RDCM's 7.18% is 176.8% higher than the 2.59% industry average. Its 73.60% trailing-12-month gross profit margin is 49.9% higher than the 49.11% industry average. Likewise, its 3.44% trailing-12-month Return on Total Assets is 133.1% higher than the industry average of 1.48%.
In the fiscal first quarter ended March 31, 2024, RDCM's revenue increased 17.5% year-over-year to $14.12 million. The company's non-GAAP gross profit increased 19.9% year-over-year to $10.51 million. Additionally, its non-GAAP net income and net income per share came in at $2.85 million and $0.18, up 55.8% and 50% year-over-year, respectively.
Street expects RDCM's revenue for the quarter ending June 30, 2024, to increase 14.1% year-over-year to $14.11 million. Its EPS for the same quarter is expected to grow 60% year-over-year to $0.08. It surpassed the revenue estimates in each of the four trailing quarters. Over the past six months, the stock has gained 19.6% to close the last trading session at $9.40.
RDCM's POWR Ratings reflect solid prospects. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It is ranked #4 out of 79 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a>  industry. It has an A grade for Sentiment and a B for Growth, Stability, and Quality. <a href="https://stocknews.com/stock/RDCM/">Click here</a> to see RDCM's Value, and Momentum ratings.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
IT shares were trading at $448.12 per share on Tuesday afternoon, down $8.18 (-1.79%). Year-to-date, IT has declined -0.66%, versus a 12.00% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/it-nok-sekey-audc-rdcm-5-tech-stocks-to-add-before-may-ends/>5 Tech Stocks to Add Before May Ends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

5 Tech Stocks to Add Before May Ends

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
There are some key robotics stocks for investors to buy in May, amid the broader indices like the Nasdaq surging upwards. Some analysts expect the rally for <a href="https://investorplace.com/industries/technology/">tech stocks</a> in general will continue.



The robotics stocks to buy mentioned in this article are powerful names, and I believe they will continue to deliver strong gains to investors. Those who get in early will reap the rewards. Investing a substantial amount in these companies could lead to seven-figure returns later on, as the growth potential of these companies is enormous.



Robotics continues to be an interesting field for investors with bountiful opportunities, which could lead them to minting new millionaires later on. A sizable investment into these firms is required to get such impressive gains, but I feel the prospect of rewards far outweighs the risks involved.



So, here are three robotics stocks to buy for May that could have millionaire-maker potential.



<h2>Symbotic (SYM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/sym1600-300x169.png" alt="Person holding smartphone with website of US robotics warehouse company Symbotic Inc. on screen with logo. Focus on center of phone display. Unmodified photo. SYM stock"><div>Source: T. Schneider / Shutterstock.com</div></div>Symbotic (NASDAQ:<a href="https://investorplace.com/stock-quotes/sym-stock-quote/">SYM</a>) leverages artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>) to optimize warehouse operations for major companies like Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wm%EF%BF%BCt-stock-quote/">WMT</a>) and Target (NYSE:<a href="https://investorplace.com/stock-quotes/tgt-stock-quote/">TGT</a>). The company is also exploring opportunities to bring its warehouse automation solutions to small- and medium-sized businesses, potentially unlocking a new and lucrative market segment. The company also employs advanced robotics and AI to manage and optimize high-density storage and goods movement for major retail, wholesale and food &amp; beverage companies. In the first fiscal quarter of 2024, <a href="https://www.symbotic.com/about/news-events/news/symbotic-reports-first-quarter-fiscal-year-2024-results/">Symbotic reported a revenue</a> of $369 million and an adjusted EBITDA of $14 million. That marks a significant improvement from the same period last year, which saw a revenue of $206 million and an adjusted EBITDA loss of $16 million.&nbsp;



The company&rsquo;s cash and marketable securities also grew to $677 million. Looking ahead, Symbotic anticipates revenues between $400 and $420 million for the second quarter of fiscal 2024, with adjusted EBITDA expected to be between $12 and $15 million&#8203;.



<h2>iRobot (IRBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/irbt1600-300x169.png" alt="In this photo illustration the iRobot Corporation (IRBT) logo seen displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>iRobot (NASDAQ:<a href="https://investorplace.com/stock-quotes/irbt-stock-quote/">IRBT</a>) is known for its popular Roomba vacuum cleaners. Despite recent challenges, including a failed merger with Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), iRobot has strong intellectual property and continues to innovate in the robotic home appliance market.&nbsp;



iRobot <a href="https://media.irobot.com/2024-03-11-iRobot-Provides-First-Quarter-2024-Financial-Expectations-and-Reiterates-2024-Financial-Outlook">reported a significant</a> year-over-year revenue decrease in its financial results for the first quarter of 2024, earning $150 million compared to $160.3 million in the first quarter of 2023. Despite these challenges, the company is focusing on operational restructuring to stabilize its financial situation.



The company has reaffirmed its financial expectations for 2024, predicting a revenue range between $825 and $865 million, with anticipated GAAP net losses per share ranging from $3.13 to $2.70.&nbsp;The outlook remains cautious due to ongoing economic uncertainties and the impact of recent corporate changes.



Still, I feel IRBT could be one of those <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> that could potentially mint new millionaires. The company&rsquo;s IP is rock-solid, and it&rsquo;s one of the earliest pioneers in the robotics market. I think we&rsquo;ve yet to see management tap into its full potential.



<h2>Seiko Epson (SEKEY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/sekef-sekey-seiko-epsen-1600-300x169.png" alt="A photo of a printer made by Seiko Epson."><div>Source: Cineberg / Shutterstock.com</div></div>Seiko Epson (OTCMKTS:<a href="https://investorplace.com/stock-quotes/sekey-stock-quote/">SEKEY</a>) is a top manufacturer of SCARA robots, commonly used for high-speed, high-accuracy pick-and-place or assembly operations in industrial settings. The company <a href="https://corporate.epson/en/investors/">reported its financial results</a> for the fiscal year ending March 31, 2024, revealing a solid performance with annual revenues amounting to $8.68 billion. It achieved a net income of $347.68 million over the last year, with <a href="https://www.marketbeat.com/stocks/OTCMKTS/SEKEY/earnings/">earnings per share</a> standing at $0.56. For the most recent quarter, Seiko Epson reported earnings of $0.10 per share, meeting the earnings expectations and indicating a stable financial position.



SEKEY is planning to construct its first biomass power plant in Iida City, Nagano Prefecture, Japan, aiming for operation by the fiscal year ending March 2027.&nbsp;Additionally, Seiko Epson has developed a new technology in their crystal devices segment called wide amplitude low-voltage differential signaling (WA-LVDS).&nbsp;



SEKEY could then be one of those robotics stocks that could mint new millionaires.



On the date of publication, Matthew Farley did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/3-robotics-stocks-that-could-be-millionaire-makers-may-edition/">3 Robotics Stocks That Could Be Millionaire-Makers: May Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Robotics Stocks That Could Be Millionaire-Makers: May Edition

NetApp (NTAP) delivered a solid performance in the fourth quarter of 2024, beating analysts' estimates on both top and bottom lines. Further, the company's outlook appears promising, driven by solid demand for its innovative data storage and CloudOps solutions and strategic initiatives. So, should you invest in this stock for long-term gains? Read more to find out... With a $26.27 billion market cap, NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>) is an intelligent data infrastructure company combining unified data storage, integrated data services, and CloudOps solutions, transforming a world of disruption into an opportunity for every customer. It reported solid fourth-quarter and full-year results amid surging demand for cloud-based data management solutions.
NTAP reported fourth-quarter revenue of $1.67 billion, surpassing analysts' estimate of $1.65 billion. Its Hybrid Cloud segment revenue was $1.52 billion, up 6.3% year-over-year. NetApp Public Cloud annualized revenue run rate (ARR) came in at $630 million, compared to $6.20 million in the prior year's quarter.
The intelligent data infrastructure company posted a non-GAAP net income per share of $1.80, compared to the consensus estimate of $1.79. Also, during the quarter, NTAP returned $1.32 billion to shareholders through share repurchases and cash dividends, underscoring its commitment to delivering value to investors.
Furthermore, NetApp announced a rise in its quarterly dividend to $0.52 per share and a new share repurchase authorization of an additional $1 billion.
"Our modern approach to unified data storage, spanning data types, price points, and hybrid multicloud environments, is clearly resonating in the market," said NTAP's CEO George Kurian. "In fiscal year 2025, we will remain laser focused on our top priorities of driving growth in all-flash and cloud storage services while maintaining our operational discipline."
For the first quarter of fiscal 2025, NTAP expects revenue of $1.46-$1.61 billion. The company's non-GAAP EPS for the ongoing quarter is expected to be $1.40-$1.50. For the fiscal year 2025, NetApp projects revenue and non-GAAP EPS of $6.45-$6.65 billion and $6.80-$7, respectively.
NTAP's stock has gained 42.5% over the past six months and 75.7% over the past year to close the last trading session at $127.64. Moreover, the stock soared 14.2% over the past month.
Here is what could impact NTAP's performance in the upcoming months:
Positive Recent Developments
On June 20, NTAP announced that Spot by NetApp achieved FinOps Foundation's Certified Platform certification, validating the platform's ability to offer the depth and breadth of capabilities organizations need to practice sound cloud financial management. Further, Spot by NetApp expanded its certified platform with the general availability of its Cost Intelligence and Billing Engine solutions.
On May 14, NTAP and Lenovo Group Ltd (<a href="https://stocknews.com/stock/LNVGY/">LNVGY</a>) took their strategic partnership to the next level by introducing NetApp AIPod with Lenovo ThinkSystem servers for NVIDIA OVX, a simple, affordable, and robust infrastructure solution optimized for the generative AI (GenAI) era.
"Through our collaboration with NVIDIA and Lenovo, NetApp is empowering organizations to harness the capabilities of AI more efficiently, ensuring that they can focus on creating value and gaining insights from their data without the complexity of building and managing AI infrastructure from scratch," said Sandeep Singh, Senior Vice President &amp; General Manager, Enterprise Storage at NTAP.
Further, on the same day, NetApp unveiled unified data storage powered by the new AFF A-Series systems that can power demanding IT workloads, such as GenAI, VMware, and enterprise databases. Also, the company introduced expanded capabilities across its portfolio to help customers operate more efficiently as they leverage their data to drive innovation.
Solid Financials
For the fourth quarter that ended on April 26, 2024, NTAP's net revenue increased 5.7% year-over-year to $1.67 billion. Its non-GAAP <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> rose 9.3% from the year-ago value to $1.19 billion. Its non-GAAP income from operations grew 13.3% year-over-year to $469 million. Its non-GAAP income before income taxes was $483 million, up 15.3% from the prior year's quarter.
Furthermore, the company's non-GAAP net income came in at $383 million or $1.80 per share, increases of 14.4% and 16.9% year-over-year, respectively. Its free cash flow grew 189.3% year-over-year to $567 million. As of April 26, 2024, NTAP's cash, cash equivalents and investments were $3.25 billion.
Impressive Historical Growth
NTAP's revenue has grown at a CAGR of 3% over the past three years. Its EBITDA and bet income have increased at CAGRs of 10.7% and 10.5%, respectively, over the same period. Also, the company's EPS has grown at a CAGR of 12.8% over the same timeframe, and its levered free cash flow has improved at a CAGR of 8%.
Favorable Analyst Expectations 
Analysts expect NTAP's revenue for the first quarter (ending July 2024) to grow 6.5% year-over-year to $1.53 billion. The consensus EPS estimate of $1.45 for the current quarter indicates a 26.4% year-over-year increase. Also, the company has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is remarkable.
For the fiscal year ending April 2025, Street expects NetApp's revenue and EPS to grow 4.5% and 6.5% year-over-year to $6.55 billion and $6.88, respectively. In addition, the company's revenue and EPS for the fiscal year 2026 are expected to increase 4.7% and 7.2% from the previous year to $6.86 billion and $7.38, respectively.
Solid Profitability
NTAP's trailing-12-month gross profit margin of 70.72% is 42.3% higher than the 49.69% industry average. The stock's trailing-12-month EBIT margin of 20.23% is 324.1% higher than the 4.77% industry average. Similarly, its trailing-12-month net income margin of 15.73% is significantly higher than the 454.95% industry average.
Moreover, the stock's trailing-12-month ROCE, ROTC, and ROTA of 85.55%, 20.74%, and 9.97% favorably compared to the industry averages of 4.20%, 2.68%, and 1.69%, respectively. Its trailing-12-month levered FCF margin of 22.65% is 124.1% higher than the industry average of 10.11%.
POWR Ratings Reflect Promise
NTAP's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. NTAP has an A grade for Quality, consistent with its higher-than-industry profitability. Also, the stock has a B grade for Growth, in sync with its outstanding historical growth and solid financial performance in the last reported quarter.
Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology-Hardware</a> industry, NTAP is ranked #8 out of 38 stocks.
Beyond what I have stated above, we have also given NTAP grades for Sentiment, Value, Stability, and Momentum. Get all NTAP ratings <a href="https://stocknews.com/stock/NTAP/">here</a>.
Bottom Line
NTAP concluded fiscal year 2024 on a solid note, achieving company records in annual gross margin, operating margin, EPS, operating cash flow, and free cash flow, establishing positive business momentum. Further, analysts appear bullish about the company's prospects, driven by solid demand for innovative solutions, strategic initiatives, and management competence.
NTAP's stock is currently trading above its 50-day and 20-day moving averages of $111.88 and $92.73, respectively, indicating an uptrend.
Given NetApp's robust financial performance, accelerating profitability, reliable dividends, and bright growth outlook, investing in this stock for long-term gains seems wise now.
How Does NetApp, Inc. (NTAP) Stack Up Against Its Peers?
While NTAP has an overall POWR Rating of B, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology-Hardware</a> industry with an A (Strong Buy) rating: Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>), SigmaTron International, Inc. (<a href="https://stocknews.com/stock/SGMA/">SGMA</a>) and Lantronix, Inc. (<a href="https://stocknews.com/stock/LTRX/">LTRX</a>).
For exploring more A and B-rated tech hardware stocks, <a href="https://stocknews.com/category/technology-hardware/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with a trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
NTAP shares were unchanged in premarket trading Monday. Year-to-date, NTAP has gained 46.31%, versus a 14.91% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/ntap-lnvgy-sekey-ltrx-sgma-should-you-invest-in-netapp-for-long-term-gains/>Should You Invest in NetApp for Long-Term Gains?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should You Invest in NetApp for Long-Term Gains?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Seiko Epson (OTCMKTS:<a href="https://investorplace.com/stock-quotes/sekey-stock-quote/">SEKEY</a>) just reported results for the first quarter of 2024.<ul><li>Seiko Epson reported earnings per share of 19 cents.</li><li>The company reported revenue of $2.16 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
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SEKEY Stock Earnings: Seiko Epson Reported Results for Q1 2024

Seiko Epson reports Q1 results

Apple (AAPL) is set to launch its AI-enabled iPhone 16 on September 9, marking a pivotal moment for the tech giant. The highly anticipated release could drive a massive upgrade cycle, significantly impacting the company's stock performance as it heads into the holiday shopping season. Let's find out if AAPL is a strong buy now. Read on... <a href="https://stocknews.com/stock/AAPL/">Apple Inc. (AAPL)</a> is widely anticipated to <a href="https://www.theverge.com/2024/8/26/24223957/apple-iphone-16-launch-event-date-glowtime">officially launch its AI-enabled iPhone model</a>, the iPhone 16, at the upcoming "It's Glowtime" event at its Cupertino, California headquarters on September 9. One of the most anticipated features of the iPhone 16 is its integration of advanced AI capabilities.
As AI becomes increasingly central to the functionality of smartphones, the iPhone 16 is expected to set a new standard in the industry.
AAPL had a challenging start to the year, with its stock declining by about 11% in the first quarter as Wall Street expressed concerns over sluggish iPhone sales and uncertainty surrounding the company's AI strategy. However, shares have recovered since it <a href="https://www.apple.com/newsroom/2024/06/introducing-apple-intelligence-for-iphone-ipad-and-mac/#:~:text=CUPERTINO%2C%20CALIFORNIA%20Apple%20today%20introduced,that's%20incredibly%20useful%20and%20relevant.">introduced Apple Intelligence</a> in June, the personal AI system for iPhone, iPad, and Mac.
Apple Intelligence is expected to drive a <a href="https://www.investopedia.com/iphone-16-with-ai-could-send-apple-market-cap-to-usd4-trillion-8674563">massive upgrade cycle</a>, with existing iPhone users trading in their older devices for newer, often more expensive models. According to Wedbush analysts, around 300 million existing iPhone owners have not upgraded their devices in over four years, positioning Apple to potentially sell upwards of 240 million iPhones in its 2025 fiscal year.
The upcoming iPhone launch in September represents Apple's major opportunity to generate excitement around Apple Intelligence on both Wall Street and Main Street before the new model hits the shelves ahead of the critical holiday shopping season.
Shares of AAPL have gained 5.4% over the past month and 25.3% over the past six months to close the last trading session at $222.77.
Let's look at factors that could influence AAPL's performance in the upcoming months.
Solid Financials
For the third quarter that ended June 29, 2024, AAPL's net sales increased 4.9% year-over-year to $85.78 billion. Its gross margin rose 9% from the year-ago value to $39.68 billion. Its operating income was $25.35 billion, up 10.2% year-over-year. Its net income grew 7.9% from the prior year's quarter to $21.45 billion.
In addition, the company's earnings per share were $1.40, an increase of 11.1% from the prior year's period. Apple's cash and cash equivalents totaled $25.57 billion as of June 29, 2024.
Optimistic Analyst Estimates
Analysts expect AAPL's revenue for the fourth quarter (ending September 2024) to grow 5.2% year-over-year to $94.14 billion. The consensus EPS estimate of $1.60 for the ongoing quarter indicates an improvement of 9.3% year-over-year. Further, the company has surpassed consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
For the fiscal year ending September 2024, Wall Street expects Apple's revenue and EPS to increase 1.9% and 9.2% from the previous year to $390.40 billion and $6.69, respectively. The company's revenue and EPS for the fiscal year 2025 are expected to grow 7.7% and 10.9% year-over-year to $420.29 billion and $7.42, respectively.
Impressive Historical Growth
AAPL's revenue has grown at a CAGR of 8.3% over the past five years. Its EBITDA has increased at a CAGR of 11.5% over the same period, and its levered free cash flow has grown at a CAGR of 14%. Furthermore, the company's net income and EPS have improved at CAGRs of 12.9% and 17.4% over the same timeframe, respectively.
Robust Profitability
AAPL's trailing-12-month EBIT margin of 31.27% is 539.5% higher than the 4.89% industry average. Its trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> of 34.18% is 242.4% higher than the 9.98% industry average. Likewise, the stock's trailing-12-month net income margin of 26.44% is 601.3% higher than the industry average of 3.77%.
Furthermore, AAPL's trailing-12-month ROCE, ROTC, and ROTA of 160.58%, 44.66%, and 30.75% are significantly higher than the industry averages of 4.56%, 2.67%, and 2.10%, respectively. The stock's trailing-12-month levered FCF margin of 22.34% is 111.6% higher than the industry average of 10.56%.
POWR Ratings Reflect Promise
AAPL's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AAPL has an A grade for Quality, consistent with higher-than-industry profitability.
Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, AAPL is ranked #17 out of 40 stocks.
Beyond what I have stated above, we have also given AAPL grades for Value, Sentiment, Momentum, and Stability. Get all AAPL ratings <a href="https://stocknews.com/stock/AAPL/">here</a>.
Bottom Line
As AAPL prepares to unveil the iPhone 16, the stakes are high, not just for the product itself but for the tech giant's overall market performance. The potential of AI-enabled features in this new launch to drive consumer demand, coupled with a large base of potential upgraders and a market eager for AI innovation, creates a ripe environment for stock gains.
Given robust financials, favorable analyst estimates, and a bright long-term outlook, AAPL could be an ideal investment for solid returns.
How Does Apple Inc. (AAPL) Stack Up Against Its Peers?
While AAPL has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry with an A (Strong Buy) rating: Canon Inc. ADR (<a href="https://stocknews.com/stock/CAJPY/">CAJPY</a>), Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>), and AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>).
To explore more A or B-rated tech hardware stocks, <a href="https://stocknews.com/category/technology-hardware/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
AAPL shares were trading at $219.76 per share on Wednesday morning, down $3.01 (-1.35%). Year-to-date, AAPL has gained 14.58%, versus a 17.34% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/aapl-alot-sekey-cajpy-is-apples-upcoming-iphone-launch-a-catalyst-for-stock-gains/>Is Apple's Upcoming iPhone Launch a Catalyst for Stock Gains?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Apple's Upcoming iPhone Launch a Catalyst for Stock Gains?

Fiery to be acquired by Epson for $591 million

In a report released today, Masahiro Nakanomyo from Jefferies maintained a Hold rating on Seiko Epson (SEKEF – Research Report), with a price targe...

Jefferies Keeps Their Hold Rating on Seiko Epson (SEKEF)

Seiko Epson reports 1H results

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Georgia's Largest Undergraduate Dance Program Enhances Theater Experience with Epson Laser Projector

TrueOrder KDS Solution Now Available on Select Elo Hardware

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