ARM (ARM) Set to Announce Quarterly Earnings on Wednesday

ARM (NASDAQ:ARM) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

ARM Stock Performance

ARM opened at $137.53 on Tuesday. ARM has a 52-week low of $49.82 and a 52-week high of $188.75. The firm has a market capitalization of $144.11 billion, a PE ratio of 352.65, a PEG ratio of 6.44 and a beta of 5.39. The business’s 50-day simple moving average is $141.08 and its 200 day simple moving average is $137.11.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price objective on shares of ARM in a research note on Thursday, August 1st. Daiwa Capital Markets upgraded ARM from a “neutral” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Thursday, August 8th. Sanford C. Bernstein lowered ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price objective on the stock. in a research note on Thursday, October 31st. Citigroup upped their price objective on ARM from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Raymond James assumed coverage on ARM in a research note on Friday, September 13th. They issued an “outperform” rating and a $160.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.57.

About ARM

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.