UBS came away from Intel's analyst meeting believing the company is confident it can continue to grow sales despite declining PC chip sales. The firm cited expectations for continued growth of data center sales and better than expected operating expense management. UBS reiterated its Buy rating and raised its price target to $39 from $37 on Intel shares.
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