Apple Royalty King ARM Invests In Internet Of Things

By | September 16, 2015

Scalper1 News

ARM Holdings (ARMH) stock was flat Wednesday morning after the chip company on Tuesday announced investments that could drive $40 million in 2016 revenue but put a 50-cent damper on earnings. The announcement came during ARM’s 2015 investor and analyst day. Pacific Crest analyst Michael McConnell boosted his price target on ARM stock to 64 from 61 and reiterated his buy rating, saying the investments could add 3 cents to EPS ex items by 2017 and Scalper1 News

Scalper1 News