TE Connectivity ( (TEL) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
TE Connectivity’s stock movement has been influenced by a strong second quarter performance, with revenues of $4.14 billion exceeding expectations. The company’s success was largely driven by its Transportation segment in Asia and a 17% sales growth in its Industrial segment, fueled by AI, aerospace, and energy applications. Despite these positive results and a promising Q3 revenue guidance of $4.3 billion, analysts have lowered their price targets. This adjustment is due to concerns over potential tariffs, tax rate challenges, and the implications of the recent acquisition of Richards. Nevertheless, TE Connectivity anticipates continued growth, with GAAP EPS from continuing operations expected to increase by 9% year over year in the next quarter.
More about TE Connectivity
YTD Price Performance: -6.27%
Average Trading Volume: 1,896,956
Technical Sentiment Signal: Buy
Current Market Cap: $39.82B
For further insights into TEL stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.