Cohu: Restraint Still Necessary Even With An Improved Outlook
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Cohu's Q3 FY2024 results and Q4 guidance were below expectations, but the company avoided negative reactions by projecting a return to growth. Despite a recent stock rally, long-term trends and resistance levels suggest caution.
November 08, 2024 | 7:00 am
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NEUTRAL IMPACT
Cohu's Q3 FY2024 results and Q4 guidance were below expectations, but the company avoided negative reactions by projecting a return to growth. Despite a recent stock rally, long-term trends and resistance levels suggest caution.
Cohu's recent earnings and guidance were not strong, but the market reacted positively due to the company's optimistic outlook for FY2025. However, historical trends and resistance levels in the stock chart suggest that the rally may face challenges, warranting a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100