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Telecom Stocks' Earnings Roster for Nov 1: ANET, MSI & VSAT
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The Zacks Technology sector, of which Telecom is a subset, appears to be quite strong. Per the Earnings Preview (dated Oct 24, 2018), the sector’s earnings are expected to improve 16.9% year over year while revenues are touted to rise 11.5% led by healthy growth dynamics on the back of existing secular trends in cloud computing, artificial intelligence, Big Data, 4G LTE network upgrades and 5G super-fast network developments in key markets.
Experts widely believe that earnings growth is likely to improve steadily until the end of 2018 as the effect of tax cuts gradually percolates. However, simmering trade tensions between the United States and other economies remain a major concern for the telecoms and allied businesses.
Let’s take a sneak peek at three major Telecom stocks scheduled to report earnings on Nov 1 to find out how things are shaping up for the upcoming quarterly results.
Arista Networks, Inc. (ANET - Free Report) is scheduled to report third-quarter 2018 results after the market closes. The company is likely to report higher consolidated revenues on a year-over-year basis driven by healthy growth dynamics. It expects to benefit from the expanding cloud networking market owing to strong demand for scalable infrastructure. During the quarter, Arista enhanced the security features for private, hybrid and public cloud networking solutions to provide customers more secure and reliable options. The company’s decision to settle its long-pending patent litigation with rival Cisco Systems by agreeing to pay $400 million in a binding deal is likely to immensely benefit product sales.
Our proven model shows that stocks with both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) have higher chances of beating estimates.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Arista’s favorable Zacks Rank #3, when combined with an Earnings EPS of +2.20%, indicates a likely earnings beat. The Zacks Consensus Estimate for Arista’s third-quarter earnings is currently pegged at $1.85. (Read More: Will Top-Line Growth Drive Arista's Q3 Earnings?)
Motorola Solutions, Inc. (MSI - Free Report) is scheduled to report third-quarter 2018 results after the closing bell. The company is likely to report higher consolidated revenues on a year-over-year basis supported by healthy growth trajectory in both the segments. It expects to strengthen its leading position in the public safety domain by collaborating with other players in the ecosystem. Motorola is expanding its software offerings to provide solutions across the various segments of the public safety workflow. (Read More: Motorola to Post Q3 Earnings: What's in the Offing?)
We remain inconclusive about the company’s earnings beat prediction this quarter as it has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for Motorola’s third-quarter earnings is currently pegged at $1.72.
Viasat, Inc. (VSAT - Free Report) is slated to report second-quarter fiscal 2019 results before the opening bell. The company is ramping up investments in the development of its groundbreaking ViaSat-3 broadband communications platform. The ViaSat-3 payload program has begun its transition to the construction phase. The ViaSat-3 platform will help to form a global broadband network with sufficient network capacity to allow better consumer choices. The company has garnered economics of scale and scope to serve emerging markets in South America, Africa, the Middle East and Western Asia.
Our proven model does not conclusively show that Viasat will beat earnings estimates in the quarter. The company currently carries a Zacks Rank #3 and an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the stock’s fiscal second quarter earnings is currently pegged at a loss of 34 cents.
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Image: Bigstock
Telecom Stocks' Earnings Roster for Nov 1: ANET, MSI & VSAT
The Zacks Technology sector, of which Telecom is a subset, appears to be quite strong. Per the Earnings Preview (dated Oct 24, 2018), the sector’s earnings are expected to improve 16.9% year over year while revenues are touted to rise 11.5% led by healthy growth dynamics on the back of existing secular trends in cloud computing, artificial intelligence, Big Data, 4G LTE network upgrades and 5G super-fast network developments in key markets.
Experts widely believe that earnings growth is likely to improve steadily until the end of 2018 as the effect of tax cuts gradually percolates. However, simmering trade tensions between the United States and other economies remain a major concern for the telecoms and allied businesses.
Let’s take a sneak peek at three major Telecom stocks scheduled to report earnings on Nov 1 to find out how things are shaping up for the upcoming quarterly results.
Arista Networks, Inc. (ANET - Free Report) is scheduled to report third-quarter 2018 results after the market closes. The company is likely to report higher consolidated revenues on a year-over-year basis driven by healthy growth dynamics. It expects to benefit from the expanding cloud networking market owing to strong demand for scalable infrastructure. During the quarter, Arista enhanced the security features for private, hybrid and public cloud networking solutions to provide customers more secure and reliable options. The company’s decision to settle its long-pending patent litigation with rival Cisco Systems by agreeing to pay $400 million in a binding deal is likely to immensely benefit product sales.
Our proven model shows that stocks with both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) have higher chances of beating estimates.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Arista’s favorable Zacks Rank #3, when combined with an Earnings EPS of +2.20%, indicates a likely earnings beat. The Zacks Consensus Estimate for Arista’s third-quarter earnings is currently pegged at $1.85. (Read More: Will Top-Line Growth Drive Arista's Q3 Earnings?)
Arista Networks, Inc. Price and EPS Surprise
Arista Networks, Inc. Price and EPS Surprise | Arista Networks, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank stocks here.
Motorola Solutions, Inc. (MSI - Free Report) is scheduled to report third-quarter 2018 results after the closing bell. The company is likely to report higher consolidated revenues on a year-over-year basis supported by healthy growth trajectory in both the segments. It expects to strengthen its leading position in the public safety domain by collaborating with other players in the ecosystem. Motorola is expanding its software offerings to provide solutions across the various segments of the public safety workflow. (Read More: Motorola to Post Q3 Earnings: What's in the Offing?)
We remain inconclusive about the company’s earnings beat prediction this quarter as it has an Earnings ESP of 0.00% and a Zacks Rank #3. The Zacks Consensus Estimate for Motorola’s third-quarter earnings is currently pegged at $1.72.
Motorola Solutions, Inc. Price and EPS Surprise
Motorola Solutions, Inc. Price and EPS Surprise | Motorola Solutions, Inc. Quote
Viasat, Inc. (VSAT - Free Report) is slated to report second-quarter fiscal 2019 results before the opening bell. The company is ramping up investments in the development of its groundbreaking ViaSat-3 broadband communications platform. The ViaSat-3 payload program has begun its transition to the construction phase. The ViaSat-3 platform will help to form a global broadband network with sufficient network capacity to allow better consumer choices. The company has garnered economics of scale and scope to serve emerging markets in South America, Africa, the Middle East and Western Asia.
Our proven model does not conclusively show that Viasat will beat earnings estimates in the quarter. The company currently carries a Zacks Rank #3 and an Earnings ESP of 0.00%. The Zacks Consensus Estimate for the stock’s fiscal second quarter earnings is currently pegged at a loss of 34 cents.
Viasat Inc. Price and EPS Surprise
Viasat Inc. Price and EPS Surprise | Viasat Inc. Quote
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>