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Fly News Breaks for September 20, 2019
XLNX
Sep 20, 2019 | 08:10 EDT
Morgan Stanley analyst Joseph Moore said investor anxiety around near-term results at Xilinx will likely increase with CFO Lorenzo Flores leaving the company and no reiteration of forecasts being included in the associated press release. Moore sees September quarter results being in-line with consensus, but he is well below consensus with his December and March quarter estimates, he noted. However, he remains bullish on the stock longer-term and keeps an Overweight rating on the shares as he thinks drawing down wireless sets them up to grow across all segments, Moore tells investors.
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