Are Intel's Growth Days Over?
Between 2012 and 2015, chip giant Intel (NASDAQ: INTC) was growth challenged. After achieving record revenue and earnings per share in 2011, the company saw its sales dip in 2012 and then drop slightly again in 2013.
Intel saw its revenue hit a record $55.9 billion in 2014, surpassing the 2011 record of $54 billion, thanks to unusually strong personal computer chip sales -- believed to be a result of the end of life for Windows XP, driving businesses to buy new computers -- and strong growth in its data center group (DCG) business.
However, in 2015, Intel saw its sales dip slightly to $55.4 billion.
Source: Fool.com
Intel Corp. Stock
€78.99
1.020%
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.99 € for Intel Corp., so the potential is actually -6.32%.
