SIMO - Bear of the Day: Diodes | Benzinga
With a slew of promising semiconductor stocks to choose from, investors may want to avoid Diodes (NASDAQ: DIOD) at the moment which lands a Zacks Rank #5 (Strong Sell) and the Bear of the Day.
This comes as the supplier of high-quality discrete and analog semiconductor products says it's grappling with a slower-than-expected recovery in the consumer, communications, and computing markets.
Growth Concerns
Reporting its first quarter results in early May, Diodes' Q1 sales of $301.97 million missed estimates by -1% and dropped -35% from $467.24 million a year ago. Furthermore, Q1 earnings of $0.28 per share fell -82% from EPS of $1.59 in ...