We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Analog Devices to Boost Production, Combat Coronavirus Crisis
Read MoreHide Full Article
Analog Devices Inc. (ADI - Free Report) recently announced its decision to significantly boost the production of healthcare technologies in a bid to combat the coronavirus pandemic.
These healthcare technologies like critical measurement and control technologies are used in the manufacture of medical equipment components like ventilators, respirators, diagnostic test systems, infusion pumps, among others, which are used for diagnostics and treatment for COVID-19 patients.
In order to ensure the supply and expedite shipments of healthcare products, the company is making all efforts tohelp the manufacturers of critical medical equipment. In addition, it is taking adequate care about the health and safety of the manufacturing teams by providing protective equipment, social distancing guidelines, and ensuring clean workplace practices.
The coronavirus outbreak is spreading at an alarming rate. The pandemic has infected more than 600,000 people worldwide and claimed more than 29,000 lives.
This pandemic is expected to have disrupted Analog Devices’ supply chain.
Notably, the company recently withdrew its second-quarter 2020 guidance due to uncertainty of the outbreak’s impact on the upcoming results.
However, amid market disruptions and related uncertainties, Analog Devices’ focus on solutions namely, battery management and automotive bodes well. Additionally, rising adoption of advanced radio systems in 5G infrastructures is driving growth in the company’s communication business. Furthermore, solid momentum of the HEV platform across cabin electronics ecosystem is a tailwind.
In a bid to combat the coronavirus pandemic, the firm has also partnered with customers and healthcare organizations to make use of the best healthcare diagnostics solutions for the betterment of employees. In addition, the company is taking all necessary steps to protect the safety, health and well-being of employees, customers, dealers, suppliers and communities.
Zacks Rank & Stocks to Consider
Analog Devices currently carries a Zacks Rank #3 (Hold).
The long-term earnings growth for Stamps.com, Atlassian Corp. and eBay is currently projected at 15%, 22.3% and 11.56%, respectively.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
Analog Devices to Boost Production, Combat Coronavirus Crisis
Analog Devices Inc. (ADI - Free Report) recently announced its decision to significantly boost the production of healthcare technologies in a bid to combat the coronavirus pandemic.
These healthcare technologies like critical measurement and control technologies are used in the manufacture of medical equipment components like ventilators, respirators, diagnostic test systems, infusion pumps, among others, which are used for diagnostics and treatment for COVID-19 patients.
In order to ensure the supply and expedite shipments of healthcare products, the company is making all efforts tohelp the manufacturers of critical medical equipment. In addition, it is taking adequate care about the health and safety of the manufacturing teams by providing protective equipment, social distancing guidelines, and ensuring clean workplace practices.
Analog Devices, Inc. Price and Consensus
Analog Devices, Inc. price-consensus-chart | Analog Devices, Inc. Quote
Coronavirus Pandemic a Likely Headwind
The coronavirus outbreak is spreading at an alarming rate. The pandemic has infected more than 600,000 people worldwide and claimed more than 29,000 lives.
This pandemic is expected to have disrupted Analog Devices’ supply chain.
Notably, the company recently withdrew its second-quarter 2020 guidance due to uncertainty of the outbreak’s impact on the upcoming results.
However, amid market disruptions and related uncertainties, Analog Devices’ focus on solutions namely, battery management and automotive bodes well. Additionally, rising adoption of advanced radio systems in 5G infrastructures is driving growth in the company’s communication business. Furthermore, solid momentum of the HEV platform across cabin electronics ecosystem is a tailwind.
In a bid to combat the coronavirus pandemic, the firm has also partnered with customers and healthcare organizations to make use of the best healthcare diagnostics solutions for the betterment of employees. In addition, the company is taking all necessary steps to protect the safety, health and well-being of employees, customers, dealers, suppliers and communities.
Zacks Rank & Stocks to Consider
Analog Devices currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader technology sector include Stamps.com Inc. , eBay Inc. (EBAY - Free Report) and Atlassian Corp. (TEAM - Free Report) . While Stamps.com and eBay sport a Zacks Rank #1 (Strong Buy), Atlassian carries a Zacks Rank #2, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth for Stamps.com, Atlassian Corp. and eBay is currently projected at 15%, 22.3% and 11.56%, respectively.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>