2 Things to Watch in Analog Devices' Upcoming Earnings Report
Analog Devices (NASDAQ: ADI) has been rocked by rumors of the loss of its spot in Apple's (NASDAQ: AAPL) upcoming iPhone. Its shares have underperformed the NASDAQ 100 Technology Sector index by a fairly wide margin this year (9% gains as compared to the sector's 21% jump) as shareholders' confidence has taken a hit. But savvy investors should look at Analog Devices' weakness as an opportunity in disguise.
Apple is not a huge component of Analog Devices' overall business, as Cupertino reportedly supplies around 12% of its total revenue. The chipmaker has enough catalysts that could mitigate any potential loss of business from the iPhone maker. This is why investors need to pay close attention to the company's third-quarter earnings report (scheduled for Aug. 30) and take a closer look at the two key trends that could impact its performance going forward.
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Source: Fool.com
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