Jabil (NYSE:JBL) Stock, Quote.Headers.trade-ideas

Jabil

Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.

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Jabil Inc. (NYSE: JBL) is set to release fourth-quarter fiscal 2024 results on Sept. 26, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 2.16%. It pulled off a trailing four-quarter earnings surprise of 3.10%, on average.

Will Revenue Contraction Affect Jabil&#39;s Q4 Earnings Results?

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GE Vernova To Rally Over 30%? Here Are 10 Top Analyst Forecasts For Tuesday

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Leveraging solid demand trends driven by healthy AI traction, Celestica Inc. (NYSE: CLS) has surged 77.4% over the past year compared with the industry&#39;s growth of 10.9%.

Reasons Why Celestica Stock is a Buy - Beyond the 77% 1-Year Surge

Jabil Inc

JetBlue Airways Corporation - Common Stock

JetBlue Airways Corp

Jabil Expands Silicon Photonics Capabilities At Ottawa Site To Support New Product Introductions For Hyperscalers And AI Data Centers, Set To Roll Out In Q4 2024

Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) is set to release fourth-quarter fiscal 2024 results on Sept. 26, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 2.16%. It pulled off a trailing four-quarter earnings surprise of 3.10%, on average.
The leading global supplier of electronic manufacturing services is likely to witness a revenue contraction year over year in the fourth quarter of fiscal 2024. Soft demand trends in some end markets and macroeconomic challenges are likely to impede the top-line growth. Initiatives to improve profitability and free cash flow are positives.
<h2>Factors at Play</h2>
Jabil is placing a strong emphasis on integrating sophisticated AI and ML capabilities to enhance portfolio offerings and improve the efficiency of its internal process. Growing demand for AI infrastructure in data center space, along with AI proliferation in cloud, networking and industrial automation end markets are major tailwinds. Jabil&#39;s focus on end market and product diversification, coupled with its large-scale global operations, offers a high degree of resilience during times of macroeconomic and geopolitical disruption. Management&#39;s focus on operational efficiency and effective working capital management is boosting profitability and free cash flow.
However, demand softness in several key end markets, including 5G, renewable energy, digital print and healthcare is weighing on net sales. The company&#39;s automotive vertical is also experiencing headwinds as the Chinese automotive market grapples with overcapacity and high inventory levels. Moreover, the launch of new electric vehicle platforms has been postponed by several quarters. These factors are likely to have impeded revenues in the fourth quarter of fiscal 2024. The company&#39;s strategy to move away from less prospective markets by restructuring and reshaping its portfolio will impact top-line growth in the near term.
The Zacks Consensus Estimate for the DMS vertical is pegged at $3.384 billion, indicating a decline from $4.436 billion reported in the year-ago quarter. Revenues from the EMS vertical are pegged at $3.169 billion, implying a downtrend from $4.022 billion in the year-ago quarter.
For the August quarter, the Zacks Consensus Estimate for revenues is pegged at $6.573 billion, which indicates a decline from the year-ago quarter&#39;s tally of $8.458 billion. The consensus estimate for earnings is pegged at $2.23, suggesting a decrease from $2.45 reported in the prior-year quarter.
<h2>Earnings Whispers</h2>
Our proven model doesn&#39;t conclusively predict an earnings beat for Jabil this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is -0.22%.
<div class="chart_embed">
<h3>Jabil, Inc. Price and EPS Surprise</h3>
<img alt="Jabil, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/8d/1726839570.png" style="height:294px; width:610px" title="" />
Jabil, Inc. price-eps-surprise | Jabil, Inc. Quote
Zacks Rank: Jabil currently has a Zacks Rank #4 (Sell).
</div>
<h2>Stocks to Consider</h2>
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Accenture (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) is set to release its quarterly numbers on Sept. 26. It has an Earnings ESP of +0.37% and a Zacks Rank #2.
The Earnings ESP for Carnival (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) stands at +2.99%. The company carries a Zacks Rank of 3. It is scheduled to report quarterly numbers on Sept. 30.
The Earnings ESP for Costco Wholesale (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) stands at +0.62%, and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Sept. 26.
<a href="https://www.zacks.com/stock/news/2339327/will-revenue-contraction-affect-jabil-s-q4-earnings-results?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2339327">To read this article on Zacks.com click here.</a>

Will Revenue Contraction Affect Jabil's Q4 Earnings Results?

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Shares of companies within the broader technology sector are trading higher amid overall market strength following Wednesday's Fed rate cut.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Needham cut the price target for Immunocore Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMCR#NASDAQ">IMCR</a>) from $81 to $78. Needham analyst Gil Blum maintained a Buy rating. Immunocore shares fell 1.6% to close at $33.00 on Monday. <a href="https://www.benzinga.com/quote/IMCR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised the price target for Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) from $41 to $45. Baird analyst Vikram Kesavabhotla maintained an Outperform rating. Doximity shares rose 0.3% to close at $39.44 on Monday. <a href="https://www.benzinga.com/quote/docs/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities boosted GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) price target from $200 to $300. B of A Securities analyst Andrew Obin upgraded the stock from Neutral to Buy. GE Vernova shares rose 1.9% to close at $229.93 on Monday. <a href="https://www.benzinga.com/quote/gev/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut Adecoagro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGRO#NYSE">AGRO</a>) price target from $14.5 to $12.5. Morgan Stanley analyst Javier Martinez downgraded the stock from Overweight to Equal-Weight. Adecoagro shares fell 0.2% to close at $11.55 on Monday. <a href="https://www.benzinga.com/quote/agro/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein slashed the price target for Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) from $174 to $155. Bernstein analyst Richard Clarke maintained an Outperform rating. Airbnb fell 0.2% to close at $117.55 on Monday. <a href="https://www.benzinga.com/quote/abnb/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) price target from $230 to $285. Piper Sandler analyst Matt O&#8217;Brien maintained an Overweight rating. Insulet shares rose 0.01% to close at $233.89 on Monday. <a href="https://www.benzinga.com/quote/podd/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel cut BioMarin Pharmaceutical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) price target from $115 to $87. Stifel analyst Paul Matteis maintained a Buy rating. BioMarin Pharmaceutical shares fell 17.7% to close at $69.86 on Monday. <a href="https://www.benzinga.com/quote/bmrn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen cut the price target for Topgolf Callaway Brands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>) from $13 to $10. TD Cowen analyst John Kernan maintained a Hold rating. Topgolf Callaway Brands shares rose 2% to close at $10.40 on Monday. <a href="https://www.benzinga.com/quote/modg/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel slashed Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) price target from $135 to $130. Stifel analyst Matthew Sheerin maintained a Buy rating. Jabil shares fell 0.2% to close at $105.72 on Monday. <a href="https://www.benzinga.com/quote/jbl/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities raised Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) price target from $37 to $41. B. Riley Securities analyst Lucas Pipes maintained a Neutral rating. Alcoa shares rose 6.1% to close at $34.50 on Monday. <a href="https://www.benzinga.com/quote/aa/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Stifel analyst Matthew Sheerin maintains Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Buy and lowers the price target from $135 to $130.

Stifel Maintains Buy on Jabil, Lowers Price Target to $130

Leveraging solid demand trends driven by healthy AI traction, Celestica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cls#NYSE">CLS</a>) has surged 77.4% over the past year compared with the industry&#39;s growth of 10.9%. It has outperformed peers like Flex Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) and Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) over this period.
Celestica is among the lesser-known winners of the artificial intelligence&nbsp;revolution. This Toronto, Canada-based company offers a one-stop shop for the electronics market, from design to manufacture to supply chain management, operating primarily as a behind-the-scenes partner for other electronics-based firms. With a diverse portfolio of products that form an integral part of AI applications, Celestica&#39;s healthy growth momentum is likely to continue.
One-Year Price Performance
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/75/77164.jpg?v=1251052859" />
Image Source: Zacks Investment Research
<h2>Generative AI Boom Fueling CLS Growth Momentum</h2>
Riding on the generative AI boom, Celestia is witnessing robust demand for AI/ML compute and networking products from hyperscale customers. In addition to the high-performance 800G family of network switches (which are vital for data centers that power AI applications) and storage solutions like the SC6100 controller and SD6200 platform (which provide efficient and scalable data storage for AI), Celestia offers Photonic Fabric &ndash; an optical compute and memory fabric solution capable of supercharging AI infrastructure. This solution provides a foundational technology to advance AI while maintaining scalable, sustainable and profitable business models.
By integrating next-generation networking products with silicon photonics packaging solutions, Celestica aims to optimize supply chain solutions to reduce time to market. The data center switches combined with optical transceivers have the potential to handle and sustain high volumes of both inbound and outbound network traffic and cater to the demand for data center bandwidth for supporting AI/ML and data analytics applications. These state-of-the-art products have translated into solid top-line growth in recent years.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e7/77165.jpg?v=597432803" />
Image Source: Zacks Investment Research
<h2>CLS Expanding Portfolio to Better Serve Customers</h2>
Celestica is increasingly focusing on improving its portfolio depth. It recently introduced SC6100 &ndash; a next-generation, 2U rackmount all-flash storage controller &ndash; designed to deliver superior performance for the most demanding enterprise application workloads. Powered by two EPYC Embedded 9004 series processors from Advanced Micro Devices, Inc., it offers improved energy efficiency for next-generation networking, security and storage applications.
Harnessing AMD&#39;s &quot;Zen 4&quot; core architecture, the SC6100 supports up to 24 dual-port U.2 PCIe Gen 5 solid-state drives with flexible input/output options and hot-swappable components for maximum uptime and reliability. This provides a secure, cost-effective and versatile storage solution for enterprises that generate, store and analyze increasing amounts of data and rely on real-time analytics to make strategic decisions.
<h2>Additional Production Capabilities to Aid CLS</h2>
To strengthen its market-leading position of AI-enabled products, Celestia is currently developing more than 100,000 square feet of additional capacity in Thailand. Moreover, it is adding 80,000 square feet of incremental capacity in Malaysia to augment its production capabilities. Celestia is also working with industry leaders to commercialize technologies such as On-Board Optics and Co-Packaged Optics to address the demand for speed and cost-efficiency amid the evolving technology landscape.
<h2>Estimate Revision Trend for CLS</h2>
Earnings estimates for Celestia for 2024 have moved up 47.2% to $3.65 over the past year, while the same for 2025 has improved 19.5% year to date to $3.99. The positive estimate revision depicts optimism about the stock&#39;s growth potential.&nbsp;
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/61/77166.jpg?v=665772488" />
Image Source: Zacks Investment Research
<h2>End Note</h2>
As the company scales up production volumes and costs go down, possible uses for silicon photonics are likely to soar across several industries, including automotive, data center and high-performance computing, telecommunications, medical, aerospace and defense. We believe that Celestia is on track for sustained growth over the years, backed by its robust infrastructure investments, solid technology know-how and wide industry experience spanning three decades.
The stock delivered a trailing four-quarter average earnings surprise of 12.2%. It has a VGM Score of A. Celestia currently sports a Zacks Rank #1 (Strong Buy).
Riding on a robust earnings surprise history and favorable Zacks Rank, it appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.
<a href="https://www.zacks.com/stock/news/2334055/reasons-why-celestica-stock-is-a-buy-beyond-the-77-1-year-surge?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2334055">To read this article on Zacks.com click here.</a>

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Shares of companies within the broader tech sector are trading higher amid a rebound. Also, the sector may be moving higher in sympathy with Dell Technologies and Palantir Technologies' inclusion in the S&P 500 index.

Broadcom Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this chipmaker would post earnings of $1.08 per share when it actually produced earnings of $1.10, delivering a surprise of 1.85%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Broadcom Inc., which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $13.07 billion for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 1.31%. This compares to year-ago revenues of $8.88 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Broadcom Inc. Shares have added about 38.1% since the beginning of the year versus the S&amp;P 500&#39;s gain of 15.7%.
<h2>What&#39;s Next for Broadcom Inc.</h2>
While Broadcom Inc. Has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Broadcom Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.37 on $14.02 billion in revenues for the coming quarter and $4.72 on $51.37 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the bottom 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Jabil (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended August 2024.
This electronics manufacturer is expected to post quarterly earnings of $2.24 per share in its upcoming report, which represents a year-over-year change of -8.6%. The consensus EPS estimate for the quarter has been revised 1.8% lower over the last 30 days to the current level.
Jabil&#39;s revenues are expected to be $6.57 billion, down 22.3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2332432/broadcom-inc-avgo-q3-earnings-and-revenues-surpass-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2332432">To read this article on Zacks.com click here.</a>

AVGO

Broadcom Inc. Q3 Earnings and Revenues Surpass Estimates

Jabil shares are trading lower after JP Morgan maintained an Overweight rating on the stock and lowered its price target from $137 to $133.

Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Jabil, presenting an average target of $134.17, a high estimate of $145.00, and a low estimate of $120.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 7.04%. 
<img src="https://www.benzinga.com/files/images/story/2024/1725375656_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Jabil by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$133.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Ruplu Bhattacharya</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$135.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>George Wang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$149.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$137.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$155.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Jabil. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Jabil compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Jabil's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Jabil's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/JBL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Jabil analyst ratings.</a>
<h2>About Jabil</h2>
Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.
<h3>Jabil's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining Jabil's financials over 3 months reveals challenges. As of 31 May, 2024, the company experienced a decline of approximately -20.18% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Jabil's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.91% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.23%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Jabil's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.75% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Jabil's debt-to-equity ratio stands notably higher than the industry average, reaching 1.43. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Jabil Analyst Ratings: What You Need To Know

JP Morgan analyst Samik Chatterjee maintains Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) with a Overweight and lowers the price target from $137 to $133.

JP Morgan Maintains Overweight on Jabil, Lowers Price Target to $133

ADTN

AIRE

ATGL

BIGC

CIEN

DIOD

FORM

MVIS

NSSC

OLED

OPTX

PSTG

SMRT

TIXT

UBXG

Shares of companies within the broader tech sector are trading higher amid overall market strength following strong US economic data that could help ease recession concerns. The sector may be experiencing momentum in sympathy with Cisco Systems after the company reported better-than-expected Q4 financial results.

Celestica Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cls#NYSE">CLS</a>) recently announced the commercial availability of SC6100 &ndash; a next-generation, 2U rackmount all-flash storage controller designed to deliver superior performance for the most demanding enterprise application workloads. Powered by two EPYC Embedded 9004 series processors from Advanced Micro Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>), it offers improved energy efficiency for next-generation networking, security and storage applications.
Harnessing the performance and efficiency benefits of the new &quot;Zen 4&quot; core architecture, the SC6100 supports up to 24 dual-port U.2 PCIe Gen 5 solid-state drives with flexible input/output options and hot-swappable components for maximum uptime and reliability. This, in turn, provides a secure, cost-effective and versatile storage solution for enterprises that generate, store and analyze increasing amounts of data and rely on real-time analytics to make strategic decisions.
<h3>Key Growth Drivers</h3>
Celestia had primarily been a beneficiary of the ongoing generative AI boom, thanks to the solid demand trends for AI/ML compute and networking products from hyperscale customers. In addition to the high-performance 800G family of network switches (which are vital for data centers that power AI applications) and storage solutions like the SC6100 controller and SD6200 platform (which provide efficient and scalable data storage for AI), Celestia offers Photonic Fabric &ndash; an optical compute and memory fabric solution capable of supercharging AI infrastructure. This transformational solution provides a foundational technology to advance AI while maintaining scalable, sustainable and profitable business models.
By integrating next-generation networking products with silicon photonics packaging solutions, Celestica aims to optimize supply chain solutions to reduce time to market. The data center switches combined with optical transceivers have the potential to handle and sustain high volumes of both inbound and outbound network traffic and cater to the demand for data center bandwidth for supporting AI/ML and data analytics applications.
<h3>Focus on Improved Production Capabilities</h3>
With the proliferation of AI-based applications and generative AI tools, business enterprises are being increasingly forced to scale future computing platforms to address the burgeoning AI workloads with low-power, high-bandwidth data transfer. This, in turn, is leading to an exponential growth in I/O bandwidth.
To strengthen its market-leading position of AI-enabled products, Celestia is currently developing more than 100,000 square feet of additional capacity in Thailand. Moreover, it is adding 80,000 square feet of incremental capacity in Malaysia to augment its production capabilities. Celestia is also working with industry leaders to commercialize technologies such as On-Board Optics and Co-Packaged Optics to address the demand for speed and cost-efficiency amid the evolving technology landscape.
<h3>Price Performance</h3>
Buoyed by solid AI traction, Celestica has gained a stellar 143.8% over the past year compared with the industry&#39;s growth of 21.6%. It has also outperformed its peers like Flex Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flex#NASDAQ">FLEX</a>) and Jabil Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jbl#NYSE">JBL</a>) over the same period.
Operating primarily as a behind-the-scenes partner for other electronics businesses, Celestica is among the lesser-known winners of the AI revolution. The Toronto, Canada-based company offers a one-stop shop for the electronics market, from design to manufacturer to supply chain management. With a diverse portfolio of products that form an integral part of AI applications, Celestica&#39;s remarkable transformation in recent years offers a competitive edge across the broader technology market.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/13/74321.jpg?v=318904099" />
Image Source: Zacks Investment Research
<h3>Estimate Revision Trend</h3>
Earnings estimates for Celestia for 2024 have moved up from $3.32 to $3.65 over the past 90 days, while the same for 2025 has improved from $3.64 to $3.99. The positive estimate revision depicts optimism about the stock&#39;s growth potential.&nbsp;
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/34/74322.jpg?v=872177702" />
Image Source: Zacks Investment Research
<h3>CLS Trading Below 50-Day Moving Average</h3>
Celestia is currently trading just below the 50-day moving average.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/69/74323.jpg?v=1640944884" />
Image Source: Zacks Investment Research
<h3>End Note</h3>
As the company scales up production volumes and costs go down, possible uses for silicon photonics are likely to soar across several industries, including automotive, data center and high-performance computing, telecommunications, medical, aerospace and defense. We believe that Celestia is well poised for sustained growth over the years, backed by its robust infrastructure investments, solid technology know-how and wide industry experience spanning three decades.
The stock delivered a trailing four-quarter average earnings surprise of 12.2%. It has a VGM Score of A. Celestia currently sports a Zacks Rank #1 (Strong Buy).
Riding on a robust earnings surprise history and favorable Zacks Rank, it appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.
<a href="https://www.zacks.com/stock/news/2322074/celestica-cls-boosts-portfolio-should-you-take-the-bait?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2322074">To read this article on Zacks.com click here.</a>

Celestica Boosts Portfolio: Should You Take the Bait?

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>&lt;/a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">FormFactor Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>)</h3>
<ul>
<li>On July 31, FormFactor posted better-than-expected quarterly earnings. &#8220;FormFactor set an all-time record for DRAM probe-card revenue in the second quarter, driven by sequential doubling of high-bandwidth-memory revenue and steady DDR5 new-design activity,&#8221; said Mike Slessor, CEO of FormFactor, Inc. The company's stock fell around 21% over the past five days and has a <a href="https://www.benzinga.com/quote/FORM">52-week low of $29.71</a>.</li>
<li>RSI Value: 27.73</li>
<li>FORM Price Action: Shares of FormFactor gained 1.1% to trade at $41.36 on Monday.</li>
<li><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080524&amp;t=be2bearmibe3na1">Benzinga Pro's real-time</a> newsfeed alerted to latest FORM news.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="895" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05114738/image-15.png" alt="" class="wp-image-476833" style="width:528px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05114738/image-15.png 895w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05114738/image-15-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05114738/image-15-768x714.png 768w" sizes="(max-width: 895px) 100vw, 895px" /></a></figure>
<h3 class="wp-block-heading">Rambus Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On July 29, Rambus reported mixed second-quarter financial results. &#8220;We delivered solid second quarter results with robust growth in product revenue and excellent cash from operations,&#8221; said Luc Seraphin, chief executive officer of Rambus. The company's stock fell around 21% over the past five days. It<a href="https://www.benzinga.com/quote/RMBS"> has a 52-week low</a> of $38.91.</li>
<li>RSI Value: 28.71</li>
<li>RMBS Price Action: Shares of Rambus fell 0.6% to trade at $41.84 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080524&amp;t=be2bearmibe3na1">trend in RMBS stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05114930/image-1-7.png" alt="" class="wp-image-476839" style="width:490px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05114930/image-1-7.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05114930/image-1-7-300x269.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05114930/image-1-7-768x690.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
Jabil Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>)
<ul>
<li>On July 18, Jabil declared a quarterly dividend of 8 cents per share of common stock to shareholders of record as of Aug. 15. The company's shares fell around 10% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/JBL">low of $95.84</a>.</li>
<li>RSI Value: 29.02</li>
<li>JBL Price Action: Shares of Jabil fell 1.2% to trade at $98.43 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080524&amp;t=be2bearmibe3na1">breakout in JBL shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="891" height="841" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05115114/image-1-8.png" alt="" class="wp-image-476844" style="width:572px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05115114/image-1-8.png 891w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05115114/image-1-8-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/05115114/image-1-8-768x725.png 768w" sizes="(max-width: 891px) 100vw, 891px" /></a></figure>
Read More:<a href="https://www.benzinga.com/news/earnings/24/08/40162005/csx-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40162005/csx-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">CSX Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>

Long Ideas

RMBS

Top 3 Tech Stocks That Could Surge This Quarter

Deep-pocketed investors have adopted a bearish approach towards Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in JBL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Jabil. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 50% bearish. Among these notable options, 5 are puts, totaling $275,830, and 5 are calls, amounting to $401,530.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $110.0 for Jabil over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Jabil's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Jabil's whale activity within a strike price range from $90.0 to $110.0 in the last 30 days. 
<h3>Jabil Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722623625_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JBL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$6.1</td>
<td>$5.7</td>
<td>$5.71</td>
<td>$100.00</td>
<td>$194.9K</td>
<td style="text-align: right;">12</td>
<td style="text-align: right;">352</td>
</tr>
<tr>
<td>JBL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.4</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$95.00</td>
<td>$90.0K</td>
<td style="text-align: right;">89</td>
<td style="text-align: right;">301</td>
</tr>
<tr>
<td>JBL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.7</td>
<td>$8.3</td>
<td>$8.3</td>
<td>$105.00</td>
<td>$84.6K</td>
<td style="text-align: right;">265</td>
<td style="text-align: right;">108</td>
</tr>
<tr>
<td>JBL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.25</td>
<td>$2.2</td>
<td>$2.25</td>
<td>$110.00</td>
<td>$80.4K</td>
<td style="text-align: right;">335</td>
<td style="text-align: right;">367</td>
</tr>
<tr>
<td>JBL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$8.5</td>
<td>$8.1</td>
<td>$8.1</td>
<td>$95.00</td>
<td>$60.7K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">81</td>
</tr>
</tbody>
</table>

<h3>About Jabil</h3>
Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.
After a thorough review of the options trading surrounding Jabil, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Jabil</h3>
<ul>
<li>Currently trading with a volume of 2,699,120, the JBL's price is down by -9.89%, now at $98.22. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 55 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Jabil options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

This Is What Whales Are Betting On Jabil

AKTS

ALGM

BNAI

BRZE

CFLT

CLFD

DAVE

EPAM

GRYP

IMMR

IPGP

ITRI

KVYO

LFUS

LITE

MMAT

MNDY

NSIT

Next Technology Holding Inc. - Ordinary Shares

NXTT

PLUS

PLXS

RBRK

SANM

SMTK

SPEC

TRMB

WULF

Shares of companies in the broader technology sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.

Frederic McCoy, EVP at Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), reported an insider sell on July 17, according to a new SEC filing. 
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000898293/000122520824007475//Archives/edgar/data/898293/000122520824007475/0001225208-24-007475-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, McCoy sold 1,250 shares of Jabil. The total transaction value is $145,523.
Jabil's shares are actively trading at $113.63, experiencing a down of 1.12% during Thursday's morning session.
<h3>About Jabil</h3>
Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.
<h3>Financial Milestones: Jabil's Journey</h3>
Decline in Revenue: Over the 3 months period, Jabil faced challenges, resulting in a decline of approximately -20.18% in revenue growth as of 31 May, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 8.99%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Jabil's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.08.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 1.43, Jabil faces challenges in effectively managing its debt levels, indicating potential financial strain.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 10.43 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.49, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Jabil's EV/EBITDA ratio, lower than industry averages at 4.98, indicates attractively priced shares.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000898293">Check Out The Full List Of Jabil's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

EVP At Jabil Sells $145K Of Stock

The Biden administration&#8217;s escalating restrictions on China&#8217;s access to <a href="https://www.benzinga.com/news/24/07/39824702/ai-infrastructure-ceo-says-customers-are-showing-relentless-demand-for-nvidia-chips-and-nvidia-chips">high-end semiconductors</a> and technology, along with the potential for higher tariffs under future administrations, have stirred significant concern among investors.
However, amid the broad headwinds facing many companies, JPMorgan analyst Samik Chatterjee has identified a select group of tech stocks that could stand to benefit from these geopolitical tensions.
<h3 class="wp-block-heading">1. Flex Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>)</h3>
Flex is strategically positioned to benefit from the changing geopolitical landscape, Chatterjee notes. 
With heightened restrictions on China, Flex&#8217;s extensive manufacturing capabilities outside China become increasingly valuable. This allows Flex to attract business from companies seeking to mitigate risks associated with China&#8217;s regulatory uncertainties. 
Chatterjee sees Flex as a key player poised to leverage these global supply chain shifts.
Read Also: <a href="https://www.benzinga.com/government/24/07/39816230/whats-going-on-with-nvidia-amd-and-semiconductor-peer-stocks-on-wednesday">What&#8217;s Going On With Nvidia, AMD And More Semiconductor Stocks Wednesday?</a>
<h3 class="wp-block-heading">2. Jabil Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>)</h3>
JPMorgan's Chatterjee also identifies Jabil as a significant beneficiary of the current environment. As an Electronic Manufacturing Services (EMS) provider with diversified manufacturing locations, Jabil is well-placed to capitalize on clients&#8217; efforts to move production away from China. 
This strategic advantage positions Jabil favorably in the context of the U.S.'s tougher stance on China.
<h3 class="wp-block-heading">3. Ciena Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>)</h3>
In the realm of networking technology, Chatterjee points to Ciena as a likely beneficiary. The analyst notes that restrictions on China&#8217;s access to high-end chips could hinder the capabilities of China-based Network Equipment Manufacturers (NEMs). 
This scenario presents an opportunity for companies like Ciena, which boasts differentiated intellectual property and advanced networking solutions, to capture market share.
<h3 class="wp-block-heading">4. Arista Networks Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)</h3>
Arista Networks is another company Chatterjee highlights as benefiting from the U.S. crackdown. 
With its cutting-edge networking technology, Arista stands to gain as Chinese NEMs struggle with restricted access to essential components. 
Chatterjee anticipates increased demand for Arista's solutions as companies seek alternatives to maintain competitive networking infrastructure.
<h3 class="wp-block-heading">5. Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</h3>
Finally, Cisco Systems emerges as a potential winner in Chatterjee's analysis. 
As a leader in networking technology, Cisco is well-positioned to benefit from the restrictions affecting Chinese manufacturers. 
Chatterjee expects Cisco to see enhanced market opportunities due to its robust portfolio of networking equipment and services, which can serve as viable alternatives for restricted Chinese competitors.
While the U.S. administration&#8217;s increasing restrictions on China present challenges for many companies, Flex, Jabil, Ciena, Arista Networks, and Cisco Systems are well-positioned to navigate these changes and potentially benefit from the evolving geopolitical landscape. 
As investors monitor the implications of these restrictions, these tech stocks stand out as promising opportunities in a complex regulatory environment.
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Photo: Shutterstock

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These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares lost 18.61% in the last week following <a href="https://www.benzinga.com//node/39408371">its annual shareholder</a> meeting, where CEO Ryan Cohen emphasized a strategic pivot towards profitability <a href="https://www.benzinga.com/news/24/06/39364816/why-are-gamestop-shares-moving-monday">through cost reduction</a>.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) shares declined 17.60% after JP Morgan maintained an Overweight rating on the stock but lowered <a href="https://www.benzinga.com//node/39413327" target="_blank" rel="noreferrer noopener">its price target from $128 to $124</a>.</li>
<li>Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>)<a href="https://www.benzinga.com//node/39336520" target="_blank" rel="noreferrer noopener"> stock decreased 11.53%</a>.</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) stock fell 10.49% in the last week after the FDA <a href="https://www.benzinga.com//node/39362935">placed a clinical hold</a> on partner Medilink Therapeutics&#8217; Phase 1 trial of BNT326/YL202.</li>
<li>Align Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) shares lost 9.55% following the Piper Sandler analyst <a href="https://www.benzinga.com/quote/ALGN/analyst-ratings">lowering its price forecast</a> on the stock.</li>
<li>First Solar Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLSR#NASDAQ">FLSR</a>) shares fell 8.87% in the last week after Janney Montgomery Scott <a href="https://www.benzinga.com/quote/FSLR/analyst-ratings">downgraded the stock</a> from Buy to Neutral.</li>
<li>Ball Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>) stock was down 7.29%. Wells Fargo analyst lowered <a href="https://www.benzinga.com/quote/ball/analyst-ratings" target="_blank" rel="noreferrer noopener">the price target on the stock</a>.</li>
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<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) shares tumbled 5.56% after the company reported third-quarter results and several <a href="https://www.benzinga.com//node/39432303" target="_blank" rel="noreferrer noopener">analysts slashed their forecasts</a>.</li>
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Photo via Shutterstock
Also Read: <a href="https://www.benzinga.com/news/24/06/39447477/draftkings-and-dell-were-among-the-10-biggest-large-cap-stock-gainers-last-week-june-16-june-22-are">DraftKings And Dell Were Among The 10 Biggest Large Cap Stock Gainers Last Week (June 16-June 22): Are These In Your Portfolio?</a>

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GameStop And First Solar Were Among The 10 Biggest Large Cap Losers Last Week (June 16-June 22): Are These In Your Portfolio?

In the preceding three months, 5 analysts have released ratings for Jabil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $134.4, a high estimate of $145.00, and a low estimate of $120.00. Observing a downward trend, the current average is 7.82% lower than the prior average price target of $145.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1719000067_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Jabil among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ruplu Bhattacharya</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$135.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>George Wang</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$149.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$137.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>David Vogt</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$155.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Jabil. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Jabil compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Jabil's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/JBL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Jabil analyst ratings.</a>
<h2>Delving into Jabil's Background</h2>
Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.
<h3>Jabil: Delving into Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Negative Revenue Trend: Examining Jabil's financials over 3 months reveals challenges. As of 29 February, 2024, the company experienced a decline of approximately -16.81% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Jabil's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 13.7% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Jabil's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 35.7%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Jabil's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.07%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.22, caution is advised due to increased financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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