From Stock Story:

Intel (NASDAQ: INTC) reported Q4 FY2023 results, beating revenue expectations at $15.41 billion and a profit of $0.54 per share. However, Q1 2024 revenue guidance of $12.7 billion fell 10.3% below estimates. Consider Intel’s prospects carefully before buying. The company’s inventory days outstanding (DIO) was 121, 10 days above its average, indicating inventory levels are higher than in the past. Despite a drop in stock price, Intel’s long-term revenue growth is forecasted at 8.4%. While this quarter was weaker, there are signs of a turnaround for shareholders.

Intel’s rising revenue and flip to positive growth this quarter are encouraging, indicating a positive trend for the company. The shift towards cloud-native cybersecurity will benefit companies in the sector. Consider this company leading the industry shift with a 50% year-on-year revenue growth.



Read more: Intel (NASDAQ:INTC) Q4 Sales Beat Estimates But Stock Drops