Xilinx Reports Fiscal Second Quarter 2020 Results
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October 24, 2019 8:06 AM EDT
Susquehanna analyst Christopher Rolland lowered the price target on Xilinx (NASDAQ: XLNX) to $120.00 (from $135.00) while maintaining a Positive rating.
Rolland commented, "While widely anticipated, December guidance was indeed horrific. March implied guidance appears aggressive, but if they can hit it our FY21 estimates really arent impacted that much."
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October 24, 2019 8:02 AM EDT
Baird analyst Tristan Gerra lowered the price target on Xilinx (NASDAQ: XLNX) to $105.00 (from $110.00) while maintaining an Outperform rating.
Gerra commented, "Our take on the wireless weakness is that China as a growth driver has momentarily evaporated, with other geographies... More
October 23, 2019 4:22 PM EDT
Xilinx (NASDAQ: XLNX) reported Q2 EPS of $0.94, $0.05 better than the analyst estimate of $0.89. Revenue for the quarter came in at $833 million versus the consensus estimate of $824.84 million.
"I am pleased to report that we were able to exceed the midpoint of our revenue guidance for the fiscal second quarter amidst a challenging business... More
