Xilinx (XLNX) Gains As Market Dips: What You Should Know

Xilinx (XLNX) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

Xilinx (XLNX) closed at $204.04 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500’s daily loss of 0.1%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq lost 0.47%.

Xilinx (XLNX) Gains As Market Dips: What You Should Know – Zacks

Coming into today, shares of the computer chipmaker had lost 10.27% in the past month. In that same time, the Computer and Technology sector lost 1%, while the S&P 500 gained 3.67%.

Xilinx will be looking to display strength as it nears its next earnings release. On that day, Xilinx is projected to report earnings of $1.05 per share, which would represent year-over-year growth of 34.62%. Meanwhile, our latest consensus estimate is calling for revenue of $953.75 million, up 18.71% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts…

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