Volatile Stocks in List: Advanced Micro Devices, Inc. (NASDAQ:AMD), Huron Consulting Group Inc. (NASDAQ:HURN), TeleCommunication Systems Inc. (NASDAQ:TSYS)

April 25, 2023 4:58 pm1 commentViews: 74

Chipmaker, Advanced Micro Devices, Inc. (NASDAQ:AMD) [Trend Analysis] anticipates second quarter revenue to dropped round 8% sequentially, as compared to its previous guidance of down 3%, as well as or minus 3%. Analysts polled by Thomson Reuters at present expect the firm to released Q2 revenue of $999.55M, implying a sequential drop of around 3 percent. The sequential drop is mainly due to weaker than expected consumer PC demand impacting the company’s Original Equipment Manufacturer APU sales, AMD said in a statement. The company expects second quarter channel sales and channel inventory reduction efforts to be in-line with its plans. Additionally the company anticipates GAAP gross margin to be further impacted by a one-time charge of about $33 million associated with a technology node transition from 20 nanometer to FinFET. The company started several product designs in 20nm that will instead transition to the leading-edge FinFET node. AMD will report second quarter financial results after market close on July 16. Advanced Micro Devices, Inc. (NASDAQ:AMD) stock hit highest price at $2.54, beginning with a price of $2.46 to close at 2.47 by a loss of -2.37% with a day range of $2.44-$2.54. The total market capitalization remained 1.92 Billion, total volume of 19.63 Million shares held in the session was surprisingly higher than its average volume of 15308.38 shares.

A provider of business consulting services, Huron Consulting Group Inc. (NASDAQ:HURN) [Trend Analysis] released on Monday that it reported that has purchased Rittman Mead India, the Indian affiliate of data as well as analytics consulting firm Rittman Mead Consulting Ltd. The financial terms of the contract were not revealed. Huron reported that addition of Rittman Mead India improves its enterprise performance management as well as analytics offerings to clients on a worldwide scale, at the same time as also providing a local presence for clients based in India. The deal will result in more than 40 executive, technical and sales professionals joining Huron’s EPM & Analytics practice. On the other consideration, Huron Consulting Group Inc. (NASDAQ:HURN) begun last trade with a price of $70.06 and throughout the trading session climbed at $71.10. The day-trade ended with a gain of 0.51% to close at $70.88.

A provider of wireless communication technology, TeleCommunication Systems Inc. (NASDAQ:TSYS) [Trend Analysis] reported that its board has established a particular committee comprising independent directors to travel around strategic alternatives to improve stockholder worth. The special committee has kept independent legal advisors and has engaged Lazard as financial advisor. TeleCommunication Systems, based in Annapolis, Maryland, reported that no timetable has been set for its evaluation of strategic alternatives and there is no certainty of pursuing a particular transaction. Shares of TeleCommunication Systems Inc. (NASDAQ:TSYS) opened at $3.32 with 60.80 million outstanding shares and hit to its highest price of $3.41 during the day and finally closed at $3.34 by scoring -1.47%.


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