After Intel's negative preannouncement, Pacific Crest remains constructive on the stock, based on what it sees as stable consumer PC demand, a high likelihood that the Grantley server platform/WS 2003 EOL will spur traditional IT spending in 2015, and reduced wireless losses. The firm lowered its price target on Intel to $35 from $42 but keeps an Outperform rating on the shares.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSnap (SNAP) up... To see the rest of the story go to thefly.com. See Story Here
Pre-earnings options volume in Intel is normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move near 5.6%, or $1.96, after results are released. Median move over the past eight quarters is 7.8%.
Intel (INTC) is scheduled to report results of its fiscal first quarter after the market close on April 25, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here