Amphenol (APH) Stock

Amphenol (APH) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

On November 21, 2024, APH, WAB, BRBR, REZI, and PINE were included in the Zacks Rank #1 (Strong Buy) List.

From a technical viewpoint, Amphenol (APH) seems like a promising choice since it has hit an important support level. The stock recently moved above the 20-day moving average, indicating a positive trend in the short term.

Amphenol Corporation reported a 15% increase in organic revenue and a 28% rise in adjusted EPS, mainly due to strong results in the IT Datacom market, leading to a "Buy" rating with a target price of $85. The IT Datacom segment, which makes up 25% of total revenue, saw a 59% year-over-year organic growth, driven by high demand for AI computing and data center products. Additionally, Amphenol's strategic acquisitions, like Lütze Europe, and strong positions in defense and harsh environment markets contribute to ongoing growth and improved profit margins.

WALLINGFORD, Conn.--(BUSINESS WIRE)--Amphenol Corporation (NYSE: APH) has announced the pricing for its new offering, which includes $250 million in senior notes maturing in 2027, $750 million in senior notes maturing in 2035, and $500 million in senior notes maturing in 2054. These notes are collectively referred to as the "Notes." The Additional 2027 Notes will feature an interest rate.

JPMorgan Chase, a major player in the S&P 500, has been close to a buying opportunity after reporting strong earnings for the third quarter. Many other stocks are also in or around buying positions.

In the third quarter of 2024, Amphenol's Communications Solutions sales grew compared to the same period last year, thanks to robust sales in the defense sector.

Is Amphenol (APH) a strong choice for momentum investors? Let's take a closer look.

This is a comparison of how Amphenol (APH) and Guidewire Software (GWRE) have done in relation to their industry this year.