20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Cohu Inc (NASDAQ: COHU) reported first-quarter FY21 revenue growth of 62.3% year-on-year to $225.5 million, beating the analyst estimate of $222.85 million. Robust automotive segment demand and broad market strength led to record order growth.
- The recurring business was benefiting from new semiconductor product designs leading to a 14% sequential contactor revenue growth, CEO Luis Müller said. The systems business experienced robust automotive demand, driven by xEV and ADAS technologies, and continued mobility expansion with 5G proliferation.
- Non-GAAP gross margin expanded 390 basis points to 45.6%. Adjusted EBITDA expanded 1,760 basis points to 23.9%.
- Non-GAAP EPS of $0.89, beating the consensus estimate of $0.79.
- The company held $291 million in cash and equivalents. It raised $223.1 in a secondary share sale last month.
- Cohu reduced outstanding Term Loan B debt by $102 million during Q1.
- Guidance: Cohu’s Q2 revenue estimate lies between $234 million and $250 million, versus the analyst estimate of $238.93 million.
- Price action: COHU shares traded lower by 16.5% at $39.07 on the last check Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!