Chipmaker Intel (INTC) late Thursday raised its second-quarter and full-year sales outlook as a result of stronger-than-expected demand for business PCs. Intel now expects second-quarter revenue to be $13.7 billion, plus or minus $300 million, compared with its previous target of $13.0 billion, plus or minus $500 million. It also upped the midpoint of its gross profit margin range by 1 percentage point to 64%, driven mostly by higher PC unit
Arista Networks enjoyed a strong debut Friday as investors jumped to get a piece of a fast-growing, profitable company with disruptive technology taking on giant Cisco Systems. The stock rose 28% to 55, climbing as high as 60 intraday. Arista Networks (ANET) late Thursday sold 5.25 million shares at 43, above the expected IPO range of 36 to 40. The company plans to use most of the $226 million in proceeds to expand market share in
Solar panel prices for end users will rise due to proposed U.S. tariffs on China solar imports, but that shouldn’t have much impact on demand, analysts say. News of the 19%-to-35% duties announced Tuesday by the Commerce Department — meant to counter Chinese government subsidies to local manufacturers — boosted major American solar panel makers and dented Chinese solar stocks Wednesday. “We believe the impact to earnings will be