Teradyne (TER) - Bull of the Day

By Zacks Equity Research,

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Teradyne ( TER ) was upgraded from Neutral to Outperform based on the recent positive earnings surprise. Earnings estimates for future quarters were in line with company guidance. The most recent quarter saw the company top the Zacks Consensus Estimate on both the top and the bottom lines.

Teradyne is a leading provider of automated test equipment. The strengthening demand and order growth driven by the rebound in the core business, the extremely timely and strategic LitePoint acquisition and strength in the HDD business makes us extremely positive about Teradyne.

Despite the relatively low exposure to the memory segment, we are optimistic about the product lineup, leaner cost structure and strong balance sheet. Our target price of $17 per share implies a 9.2x forward PE multiple.
TERADYNE INC (TER): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: TER

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