Sorry, Intel Doesn't Deserve the Benefit of the Doubt
Intel (NASDAQ: INTC) shares popped by 9.5% on Friday after Bloomberg reported that the chipmaker was considering strategic options after the stock's collapse on a second-quarter earnings report that fell short of expectations.
Its shares plunged by 26% on Aug. 2 after the company posted disappointing results, gave an underwhelming forecast, eliminated its dividend, and announced a restructuring that included plans to cut 15% of its workforce.
The news and the market's response prompted a round of introspection at the chipmaker that has led, not surprisingly, to the company seeking help from investment bankers.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 32 Buy predictions and 14 Sell predictions.
With a target price of 38 € there is potential for a 103.38% increase which would mean more than doubling the current price of 18.68 € for Intel Corp..