Nature never deceives us; it is we who deceive ourselves. – Jean-Jacques Rousseau
Let’s run through a few earnings reports — it’s the season.
DDD – reported this morning and beat and then raised forward guidance by a good bit over the Street’s consensus. Very impressive quarter, frankly. Stock is cheaper today than it was yesterday because estimates will have to go up.
FIO – reported last night and beat big time but guidance is a bit softer than what the analysts had expected in consensus. This from JPM’s analyst this morning is right on: “We recommend that investors take advantage of any near-term weakness in shares of Fusion-io. The company delivered solid Sep-Q results and was the first company to beat numbers across the board in our coverage list. Recall, we previously highlighted Fusion-io, along with Apple, IBM, and EMC, as having the most relative support to numbers. While Fusion-io delivered sturdy results, IBM and EMC showed that even supertankers can get the macro blues. Back to Fusion-io, the company’s usual conservatism is on display with the Dec-Q guidance, in our view, but we think that there is upside potential. As a result, we see any near-term pain in the stock as a buying opportunity for long-term investors.”
FFIV – Soft on the quarter and soft on guidance and the market hates it. This stock has long been expensive and with today’s huge sell-off on just a bit soft numbers makes it finally getting cheap. That said, this one goes in the penalty box like JNPR is. More analysis and homework on this one is due.
No trades for me this morning.
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