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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (93358)	11/19/2024 8:51:16 PM
From: Julius Wong	1 Recommendation Recommended By Return to Sender Read Replies (1) \| Respond to of 95531

Vertiv soars to all-time high after outlining strong growth trajectory Nov. 19, 2024 6:56 PM ET By: Carl Surran, SA News Editor sitox Vertiv (NYSE: VRT) shares rallied +14.6% to reach a new record intraday high $141.12 in Tuesday's trading a day after the data center infrastructure provider offered an upbeat outlook at its Investor Day. The company reaffirmed its FY 2024 guidance and issued a preliminary view of 2025 that included adjusted earnings of $3.50-$3.60/share and organic sales growth of 16%-18%, topping analyst consensus estimates for EPS of $3.41 and organic sales growth of 16.2%; it also raised its annual dividend by 50% to $0.15/share from $0.10/share. Vertiv ( VRT) hiked its long-term sales growth and profit margin targets through 2029, now anticipating annual revenue growth of 12%-14% and 25% operating margins; Evercore ISI analyst Amit Daryanani said the company's prior targets were 8%-11% sales growth and 20%-plus operating margins. The company also announced an expansion of its liquid cooling product portfolio with the introduction of two new Vertiv CoolChip coolant distribution unit systems. At least five analysts raised their stock price targets following the investor event, including Mizuho, which rates Vertiv ( VRT) as a Buy with a $145 PT, up from $125 previously, citing stronger than expected financial objectives and a competitive edge in the market.