Saturday, October 12, 2013

Good News Powers Advanced Micro Devices (AMD) Ahead of Earnings

Advanced Micro Devices, Inc (NYSE: AMD) is scheduled to report earnings late next week and over the past week or so, there has been a steady stream of good news about the stock. I should mention that we have Advanced Micro Devices in our SmallCap Network Elite Opportunity (SCN EO) portfolio and its been an up and down ride for us as the last earnings report, which actually wasn't all that bad, erased our gains but shares have largely recovered since then. With that in mind, here's the latest good news from the past week or so:

Verizon Picks AMD's SeaMicro Servers to Create New Cloud. On Monday, Advanced Micro Devices announced that Verizon Communications Inc (NYSE: VZ) is deploying SeaMicro SM15000™ servers for its new global cloud platform and cloud-based object storage service. According to the press release, Verizon and AMD co-developed additional hardware and software technology on the SM15000 server to provide unprecedented performance and reliability that is backed by enterprise-level service level agreements (SLAs). The Wall Street Journal's Digits blog has noted that Advanced Micro Devices had puzzled some people when it bought the startup SeaMicro as no-one knew at the time that Verizon is exclusively using SeaMicro server and storage hardware for its cloud computing service. However, AMD isn't disclosing just how many pieces of hardware are involved, nor how much it will be paid but this is the biggest deal ever for SeaMicro. FBR Capital Markets Raises Its Price Target. On Monday, FBR Capital Markets upped their price target on Advanced Micro Devices from $5.50 to $6.00. In light of Verizon announcing two enterprise infrastructure-as-a-service offerings, FBR Capital Markets' analysts wrote:  

"Details surrounding the announcement lead us to believe that Verizon has chosen SeaMicro microservers to power these platforms and may provide AMD as much as ~$50M in incremental annual revenues. While we reported after our BIG 'switches': little SERVERS conference that Verizon had deployed SeaMicro in 12 global datacenters, this announcement signifies a more meaningful commitment, well beyond a trial deployment."

They also added:

"In addition to SeaMicro, AMD's results should be buoyed by the better-than-expected PC market exhibiting resiliency, as our ODM notebook tracker indicates units up 7% sequentially. Furthermore, China has relaxed its national gaming console ban, causing us to increase our 2015 Xbox One and PS4 estimates. Additionally, AMD may have a chance at providing parts for both the MS 'Bestpad' and Sony 'Vita TV.'"

AMD's Mantle Matters. Advanced Micro Devices recently launched Mantle as a brand new API (Application Programming Interface) designed to significantly aid game developers in crafting games targeted for release on multiple platforms and Jason Evangelho has written a piece for the Forbes Contributor Network about its importance. He noted:

"AMD's Mantle is a While its prevalence is yet to be determined, its importance is clear. Mantle is a rally cry from AMD to developers, and a crucial consideration for PC gamers choosing their next graphics card."

Origin PC Publicly Dumps the AMD Graphics Options. In what might be considered not so good news, the CEO of the boutique PC builder Origin PC has informed some in the media that his company will no longer sell machines with AMD graphics cards inside based on "a combination of many factors including customer experiences, GPU performance/drivers/stability, and requests from our support staff." However,  Brad Chacos has written a blog post (since updated with further updates) to question PCWorld's motives and to ask whether Nvidia has "purchased" Origin's fealty with marketing dollars. Both Nvidia and Origin have issued denials. Upcoming Earnings Report. Advanced Micro Devices is scheduled to report third quarter earnings on Thursday, October 17, after the market closes with the conference call scheduled for 5:30 p.m. EDT / 2:30 p.m. PDT – meaning big investors and traders alike will be jockeying their positions from now until late next week. Moreover, it should be remembered that the stock dropped after the last earnings report which coincided with some other tech earnings reports that were disappointing. Share Performance. On Tuesday, Advanced Micro Devices fell 3.63% to $3.72 (AMD has a 52 week trading range of $1.81 to $4.65 a share) for a market cap of $2.68 billion plus the stock is up 63.2% since the start of the year, up 15.5% over the past year and down 17.9% over the past five years:

Finally, here is the latest technical chart for Advanced Micro Devices:

In other words, there is plenty of good news for investors and traders alike in Advanced Micro Devices as the company heads into earnings next week.  

SmallCap Network Elite Opportunity (SCN EO) has an open position in AMD. To find out what other open positions SCN EO currently has, and to learn why so many traders and investors are relying on this premium subscription service, click here to find out more.

1 comment:

  1. INTERNATIONAL CONCEPT OF WORK FROM HOME
    Work from home theory is fast gaining popularity because of the freedom and flexibility that comes with it. Since one is not bound by fixed working hours, they can schedule their work at the time when they feel most productive and convenient to them. Women & Men benefit a lot from this concept of work since they can balance their home and work perfectly. People mostly find that in this situation, their productivity is higher and stress levels lower. Those who like isolation and a tranquil work environment also tend to prefer this way of working. Today, with the kind of communication networks available, millions of people worldwide are considering this option.

    Women & Men who want to be independent but cannot afford to leave their responsibilities at home aside will benefit a lot from this concept of work. It makes it easier to maintain a healthy balance between home and work. The family doesn't get neglected and you can get your work done too. You can thus effectively juggle home responsibilities with your career. Working from home is definitely a viable option but it also needs a lot of hard work and discipline. You have to make a time schedule for yourself and stick to it. There will be a time frame of course for any job you take up and you have to fulfill that project within that time frame.

    There are many things that can be done working from home. A few of them is listed below that will give you a general idea about the benefits of this concept.

    Baby-sitting
    This is the most common and highly preferred job that Women & Men like doing. Since in today's competitive world both the parents have to work they need a secure place to leave behind their children who will take care of them and parents can also relax without being worried all the time. In this job you don't require any degree or qualifications. You only have to know how to take care of children. Parents are happy to pay handsome salary and you can also earn a lot without putting too much of an effort.

    Nursery
    For those who have a garden or an open space at your disposal and are also interested in gardening can go for this method of earning money. If given proper time and efforts nursery business can flourish very well and you will earn handsomely. But just as all jobs establishing it will be a bit difficult but the end results are outstanding.

    Freelance
    Freelance can be in different wings. Either you can be a freelance reporter or a freelance photographer. You can also do designing or be in the advertising field doing project on your own. Being independent and working independently will depend on your field of work and the availability of its worth in the market. If you like doing jewellery designing you can do that at home totally independently. You can also work on freelancing as a marketing executive working from home. Wanna know more, email us on workfromhome.otr214425@gmail.com and we will send you information on how you can actually work as a marketing freelancer.


    Internet related work
    This is a very vast field and here sky is the limit. All you need is a computer and Internet facility. Whatever field you are into work at home is perfect match in the software field. You can match your time according to your convenience and complete whatever projects you get. To learn more about how to work from home, contact us today on workfromhome.otr214425@gmail.comand our team will get you started on some excellent work from home projects.


    Diet food
    Since now a days Women & Men are more conscious of the food that they eat hence they prefer to have homemade low cal food and if you can start supplying low cal food to various offices then it will be a very good source of income and not too much of efforts. You can hire a few ladies who will help you out and this can be a good business.

    Thus think over this concept and go ahead.

    ReplyDelete