Intel Stock Just Got Crushed. Here Are 3 Reasons It Could Go Even Lower.
If there were a trifecta for terrible earnings reports, Intel (NASDAQ: INTC) would have just won it.
The blue chip tech stock missed estimates in its second-quarter earnings report, offered guidance below expectations, eliminated its dividend, and announced a round of layoffs and cost cuts.
Any of those news items on its own would have been enough to send the stock spiraling, but all four at once show a company in utter disarray, one that can't meet its own forecasts, maintain cash flow to return to investors, or allocate internal resources effectively.
Source Fool.com
Intel Corp. Stock
€18.05
-4.030%
Our community is currently high on Intel Corp. with 22 Buy predictions and 16 Sell predictions.
With a target price of 38 € there is potential for a 110.55% increase which would mean more than doubling the current price of 18.05 € for Intel Corp..
