The Arora Report

Rss Facebook Twitter Linkedin

OMNIVISION (OVTI) SLUMPS ON WEAK OUTLOOK ON LOSS OF APPLE (AAPL) BUSINESS TO SONY (SNE)

Twitter
LinkedIn
Facebook

OmniVision ( OVTI)   is a premier manufacturer of sensors for cameras.  

Earlier this month, OmniVision had warned of cut backs in orders from certain key projects.   It has been speculated that the cut back is from Apple (AAPL) in favor of Sony (SNE).  

For the January quarter, OmniVision  sees revenues of $160 – $180 million compared to consensus of   $201 million.   OmniVision also projects earnings of $0.05 – $0.17 below the consensus of $0.26.

Tax selling may further exacerbate the downside.

If and when six screens of the ZYX Change Method  are satisfied, we will issue a buy signal on the Real Time Feed of the ZYX  Buy  Change Alert.

See also  JP MORGAN KICKS OFF EARNINGS SEASON, INTEL AND AMD CHINA PROBLEM, POTENTIAL IRANIAN ATTACK

Subscribe to 'Generate Wealth'

Free Forever

More To Explore

30 Day Free Trial

Cancel within 30 days and you owe nothing

When you take a FREE 30 day trial, you get access to powerful techniques used by billionaires and hedge funds to grow richer. You can continue to use these powerful techniques to grow richer even if you cancel your subscription. You come out ahead by subscribing no matter how you look at it.

Subscribe Now

A fortune is to be made from AI stocks.
Get the list of 18 AI stocks to grab your share of the profits — no cost to you.

A fortune is to be made from AI stocks.

Get the list of 18 AI stocks to grab your share of the profits.

AI is a $1 Trillion Market

Making A Fortune
In Artificial Intelligence

Golden Age of Artificial Intelligence