The Time to Buy This Tech Stock's Turnaround Is Finally Here
Analog Devices (NASDAQ: ADI) has been showing promising signs of a recovery from the negative repercussions of the coronavirus pandemic, which hurt its sales in key sectors like industrial and automotive earlier this year.
The semiconductor specialist reduced its revenue decline to a trickle in the third quarter of fiscal 2020 after suffering from huge drops earlier in the year. And now, its latest fiscal 2020 fourth-quarter results indicate that a recovery in its financial performance is well and truly underway. Let's see what's working for Analog Devices, and why this tech stock is worth buying now.
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Source Fool.com
