Analog Devices Stock Pulls Back from Record Before Earnings
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Analog Devices Inc (NASDAQ:ADI) will report fiscal Q2 earnings on May 20, with analysts expecting $2.89 per share on $3.51 billion revenue, marking 56% and 33% year-over-year growth. The stock is down 1.3% at $413.06, moving away from its record high of $435.72. Analyst sentiment is bullish, with 23 out of 32 brokerages rating it a 'strong buy'. However, options traders are cautious, indicating a potential post-earnings volatility.
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