SEDG - What To Do After Sanmina Gained Over 20%
2024-01-31 12:31:47 ET
Summary
- Celestica and Sanmina Corporation both traded higher after posting quarterly results, but the response was different on a fundamental level.
- Sanmina's Q1 results were weak, but the stock rose unexpectedly due to short covering and an optimistic outlook.
- Sanmina's revenue fell by 20.8%, but the company highlighted its strong balance sheet and plans for long-term profitable growth.
- What happens to Sanmina Corporation stock post earnings.
Just as Celestica Inc. ( CLS ) traded higher after posting its quarterly results , Sanmina Corporation ( SANM ) did the same. However, the post-earnings response is dramatically different on a fundamental level. Celestica, my top pick, beat fourth-quarter expectations and initiated a strong first quarter outlook . In response, Celestica shares rose by a slow and steady 4.3% at the time of writing....
What To Do After Sanmina Gained Over 20%