The third-quarter earnings season continues this week with SAP (SAP) posting results after the market closes today. Since shares trade near the high for the year, SAP cannot disappoint investors.
When computer peripherals supplier Logitech (LOGI) reports results, look for the firm to raise its guidance. In Q1, Logitech posted a 12.9% Y/Y revenue increase to 41.1 billion. It raised its FY 2025 sales forecast to as high as $4.43 billion. Non-GAAP operating income should grow by up to 4% this year.
In the Verizon Communications (VZ) earnings report, investors will want to hear more about its proposed acquisition of Frontier Communications (FYBR). It plans to pay around $10 billion. Glendon Capital Management, which has a nearly 10% ownership in FYBR stock, is reportedly voting against the deal on Nov. 13.
On Tuesday, defense contractor RTX (RTX) will post quarterly results. Storage supplier Seagate Technology (STX), which trades near a 52-week high, will post results. The stock trades at a premium but demonstrates growth and strong profitability.
Enphase (ENPH), which fell from $120 last month to $91.64, will report results. SolarEdge (SEDG) is hurting ENPH stock, which already trades at a premium. The firm needs to report strong sales in the inverter market.
