Jabil Circuit (JBL), a tech entity that provides solutions to companies in the electronics industry, experienced some heavy selling after the market read through the second-quarter release. In fact, at the time of this writing, my screen was showing the shares down by almost 10%. And, as you can imagine, volume was compelling.

Things didn't seem too bad. Income on a core basis came in at 29 cents per diluted share. Last year at this time, the business took in 13 cents per diluted share on the same basis. According to Reuters, that 29-cent figure beat estimates by a penny. Plus, the guidance for the third quarter looks relatively good, at least to me, compared to what the analysts were thinking.

Continue reading Jabil Circuit Down Big Following Q2 Numbers

Jabil Circuit Down Big Following Q2 Numbers originally appeared on BloggingStocks on Wed, 24 Mar 2010 17:20:00 EST. Please see our terms for use of feeds.

Continue reading Jabil Circuit Q1 Earnings Beat Estimates

Jabil Circuit Q1 Earnings Beat Estimates originally appeared on BloggingStocks on Tue, 22 Dec 2009 13:20:00 EST. Please see our terms for use of feeds.

Jabil Circuit (NYSE: JBL), a provider of solutions to the electronics industry, as well as a business that counts Flextronics (NASDAQ: FLEX) as a colleague, has been in an uptrend. If you check out a year-to-date chart for the company's stock, you'll understand what I mean. And frankly, I admit that I've been too bearish on this situation. When I pontificated on Jabil's Q3 results, I didn't think the company was a strong idea. Well, it's gone up since then.

So, what should we make of the Q4 results, which were reported Tuesday after the bell? Again, we see big declines. Net sales dropped 15%, and earnings per diluted share on an adjusted basis plunged to 16 cents from the 30 cents seen in the year-ago period.

Continue reading Jabil Circuit beats by wide margin in Q4

Jabil Circuit beats by wide margin in Q4 originally appeared on BloggingStocks on Wed, 30 Sep 2009 09:00:00 EST. Please see our terms for use of feeds.

I was wrong about Jabil Circuit (NYSE JBL). When I wrote about the tech company's last earnings report, I said I wasn't a buyer. I should have been. The stock rose quite a bit after I presented my thoughts to the world. In fact, the stock closed up well over 7% on Tuesday, settling out to a price of $7.12 per share. Volume was extremely active.

Obviously, investors were setting themselves up ahead of the Q3 release. Jabil earned, on an adjusted basis, 4 cents per share. According to Reuters, the market was only counting on 2 cents per share.

Continue reading Jabil Circuit's Q3 report doesn't make stock a compelling buy

Jabil Circuit's Q3 report doesn't make stock a compelling buy originally appeared on BloggingStocks on Wed, 24 Jun 2009 08:30:00 EST. Please see our terms for use of feeds.

Electronics manufacturer Jabil Circuit (NYSE: JBL), a colleague of Flextronics (NASDAQ: FLEX), reported earnings for the second quarter on Tuesday after the market closed for the day.

The results didn't get me too excited, but the market did buy the stock in the after-hours session, sending the shares higher by well over 4%. I guess we'll have to agree to disagree.

On an adjusted basis, Jabil earned 13 cents per diluted share. That beat estimates by a penny. However, the bottom line dropped by 35%. Furthermore, the top line had shed over 5% during the quarter.

Continue reading Jabil Circuit beats the analysts, but risks remain

Jabil Circuit beats the analysts, but risks remain originally appeared on BloggingStocks on Wed, 25 Mar 2009 09:00:00 EST. Please see our terms for use of feeds.

Jabil Circuit (NYSE: JBL) is a leading electronics manufacturing services firm, providing comprehensive design, manufacturing and product management services to global electronics and technology companies. The firm works for original equipment makers in the automotive, storage, medical, networking, telecommunications, computer and consumer products industries. Top customers include Cisco Systems (NASDAQ: CSCO), Hewlett-Packard (NYSE: HPQ) and Nokia (NYSE: NOK).

The company had good news for investors earlier in the week, when it reported fiscal Q3 EPS of 26 cents and revenues of $3.09 billion. Analysts had been looking for 20 cents and $3.08 billion. Management also guided Q4 EPS to 29-33 cents (29 cent consensus) and Q4 revenues to $3.2-$3.3 billion ($3.19B consensus). Credit Suisse subsequently reiterated its "neutral" rating on the stock, but RBC Capital Markets repeated an "outperform" recommendation and Needham said "buy" again.

Continue reading Jabil Circuit (JBL): Price defines bullish 'flag' pattern

Jabil Circuit (JBL): Price defines bullish 'flag' pattern originally appeared on BloggingStocks on Fri, 27 Jun 2008 12:51:00 EST. Please see our terms for use of feeds.

Most of us would be thrilled to invest in a stock that doubles our money, but it certainly isn't easy to find these stocks. According to data provider Capital IQ, in the last year only 1.4% of 6,700 stocks trading on the U.S. exchanges were able to double their price.

BusinessWeek started hunting some of these potentially great stocks by asking fund managers to choose those firms expected to provide 100% returns in the next few years. Of course, the resulting list is by no means a sure thing, since major factors such as the ongoing credit crisis and challenging market conditions could affect results in unpredictable ways.

But let's look at some of the strategies used when picking high-potential stocks.

Mary Lisanti, portfolio manager at the Adams Harkness Small Cap Growth Fund, focuses on young companies in the small-cap segment. She points to stocks like Rubicon Technology (NASDAQ: RBCN) and Titan Machinery Inc. (NASDAQ: TITN), saying that investors can have a big advantage when they recognize potential before the market does.

Continue reading BusinessWeek picks stocks that could double

BusinessWeek picks stocks that could double originally appeared on BloggingStocks on Tue, 13 May 2008 14:23:00 EST. Please see our terms for use of feeds.

Continue reading Jabil Circuit (JBL) plunges on disappointing earnings outlook

Jabil Circuit (JBL) plunges on disappointing earnings outlook originally appeared on BloggingStocks on Wed, 26 Mar 2008 10:22:00 EST. Please see our terms for use of feeds.

Jabil Circuit (NYSE: JBL) is recently trading at $9.90 in pre-open trading, below its close of $11.38.

JBL lowered it fiscal-year guidance and forecast third-year quarter below analyst expectations.

Jefferies says: "The combination of a challenging economy, a slowdown in new program ramps and a reconfiguration of the consumer electronics business continues to keep us cautious on JBL."

JBL overall option implied volatility of 55 is above its 26-week average of 43 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Option Update: Jabil Circuit volatility elevated as shares sell off originally appeared on BloggingStocks on Wed, 26 Mar 2008 09:00:00 EST. Please see our terms for use of feeds.

Continue reading Jabil Circuit plunges on earnings outlook

Jabil Circuit plunges on earnings outlook originally appeared on BloggingStocks on Fri, 21 Dec 2007 12:55:00 EST. Please see our terms for use of feeds.

• Labopharm Inc. (NASDAQ: DDSS) was downgraded to Neutral from Buy at Merrill Lynch and to Market Perform from Outperform at Leerink Swann after the 2nd approval letter from the FDA said Tramadol did not show efficacy. CIBC World Markets downgraded shares of Labopharm to Sector Performer from Outperformer and at Canaccord Adams to Sell from Hold.
• Dell Inc. (NASDAQ: DELL) was downgraded to Neutral from Buy at Merrill Lynch, which recommended investors take profits following the strong earnings reports. The firm does not believe the drivers behind the earnings upside are sustainable. Dell was also downgraded at Morgan Stanley, to Equal Weight from Overweight, based on valuation.
• The Nasdaq Stock Market, Inc. (NASDAQ: NDAQ) was downgraded to Equal Weight from Overweight at Lehman, as the firm believes the stock is range-bound for the next several months following the OMX acquisition announcement.

• Robert W Baird downgraded shares of DiamondRock Co. (NYSE: DRH) and Chesapeake Utilities Corp. (NYSE: CPK) to Neutral from Outperform on valuation.
• Bear Stearns downgraded shares of Emmis Communications Corp. (NASDAQ: EMMS) to Underperform from Peer Perform, as the firm does not believe the CEO will make another bid to take the company private.
• Matrix USA downgraded shares of Jabil Circuit Inc. (NYSE: JBL) to Hold from Buy.
• Morgan Stanley downgraded shares of Cintas Corp. (NASDAQ: CTAS) Underweight from Equal Weight, citing growth concerns, and downgraded shares of Virgin Media Inc. (NASDAQ: VMED) to Equal Weight from Overweight, citing higher customer churn and weaker pricing power.
• Goldman Sachs downgraded shares of RadioShack Corp. (NYSE: RSH) to Neutral from Buy.

Analyst downgrades 6-1-07: Dell, Cintas, RadioShack originally appeared on BloggingStocks on Fri, 01 Jun 2007 11:25:00 EST. Please see our terms for use of feeds.