4 Reasons to Avoid Intel After Its Post-Earnings Plunge
's (NASDAQ: INTC) stock declined 12% on Jan. 26 after the chipmaker posted its fourth-quarter earnings report. Its revenue rose 10% year over year to $15.4 billion, beating analysts' estimates by $230 million, while its adjusted earnings jumped 260% to $0.54 per share and cleared the consensus forecast by $0.09 per share.
Those headline numbers looked healthy, but four troubling issues suggest investors should still avoid the stock after its post-earnings plunge.
During the fourth quarter, most of Intel's growth was driven by its client computing group (CCG), which mainly sells its PC CPUs and accounted for 57% of its top line. Its CCG revenue rose 33% year over year, ending nine consecutive quarters of declines, as PC sales gradually stabilized in a post-pandemic market.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 27 Buy predictions and 12 Sell predictions.
With a target price of 38 € there is a positive potential of 30.65% for Intel Corp. compared to the current price of 29.09 €.
