Shares of Applied Materials, Inc. (NASDAQ:AMAT) ended Friday session in red amid volatile trading. The shares closed down -0.63 points or -2.08% at $29.66 with 13,971,788 shares getting traded. Post opening the session at $30.33, the shares hit an intraday low of $29.61 and an intraday high of $30.42 and the price vacillated in this range throughout the day. The company has a market cap of $31.39 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On Sept. 21, 2016 At its 2016 Analyst Day, Applied Materials, Inc. detailed its innovation leadership strategy to drive sustainable growth and announced target non-GAAP adjusted earnings per share of $2.45 to $3.17 for fiscal 2019, with a midpoint of $2.80. This would represent compound earnings growth of approximately 17 percent over the next three years.
Applied highlighted how the semiconductor industry’s major transition from lithography-based scaling to materials-enabled scaling has increased Applied’s addressable opportunity from 53 percent of WFE spending in calendar 2012 to an estimated 63 percent this year. With the broadest portfolio of materials engineering technologies and its unique Product Development Engine process, Applied now expects to achieve a 4-point gain in its share of WFE spending and nearly double its display business, from 2012 through 2016. By delivering enabling service products to support customers as they make these challenging technology transitions, the company expects to grow its services business revenue by $600 million from fiscal 2013 through 2016.
“Our innovation leadership strategy, combined with the breadth and depth of our materials engineering capabilities, puts Applied in a unique position to sustainably outperform our markets,” said Gary Dickerson, president and CEO. “Over the past few years, we strengthened our organization and processes while increasing investment in R&D, so that we see opportunities earlier, develop winning products faster and are delivering increased value for customers and shareholders.”
“We are raising the ceiling on our financial model based on our confidence that we have the right capability, strategy and operating model to deliver sustainable growth in the near and long term,” said Robert Halliday, senior vice president and CFO.
Shares of Verizon Communications Inc. (NYSE:VZ) ended Friday session in green amid volatile trading. The shares closed up +0.21 points or 0.40% at $52.56 with 13,014,796 shares getting traded. Post opening the session at $52.30, the shares hit an intraday low of $52.15 and an intraday high of $52.82 and the price vacillated in this range throughout the day. The company has a market cap of $215.11 billion and the numbers of outstanding shares have been calculated to be 4.08 billion shares.
On Sept. 15, 2016 Verizon announced that the newest player in the Motorola line-up, the Moto G Play prepaid smartphone, is now available on Verizon, the better network. Enjoy your favorite videos and games in vibrant HD, talk all day on a single charge, shoot crisp photos and more with the water-repellent Moto G Play—all on the nation’s most reliable 4G LTE network. The Moto G Play is available online at www.verizonwireless.com and in Verizon retail stores.
The Moto G Play features a large 5″, 720p HD resolution display, ensuring sharp pictures and vibrant colors on everything you love.
Other features include:
- A 2800 mAH battery, providing all-day use with a single charge
- Powered by Qualcomm® Snapdragon quad-core processor and runs Android 6.0.1 Marshmallow
- An 8MP rear-facing camera featuring a fast f/2.2 lens, LED flash and a sensor that uses larger-than-average pixels. Capture great video at 30 fps in 1080p
- A 5MP front-facing camera perfect for selfies and video chats.
- Advanced nano-coating that creates a water-repellent barrier that helps guard against moderate exposure to accidental spills, splashes and light rain