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Interesting Stocks To Watch On Aug. 2

What makes these stocks interesting?

Universal Display Corp. (OLED)

Q2 net income was $43.4 million or $0.92 per share compared to $10.8 million or $0.23 per share last year.

On an ASC Topic 605 basis, net income was $44.8 million or $0.95 per share versus $25.1 million or $0.54 per share last year. Consensus - $0.46 per share.

Total revenue rose to $118.2 million from $56.1 million in the second quarter of 2018.

On the basis of ASC Topic 605, total revenue for the quarter was $119.8 million, compared to $73.6 million last year.

Revised FY19 Guidance

The company now sees 2019 revenue to be about $370 million - $390 million. Under the prior accounting standard ASC Topic 605, the company estimates 2019 revenues to be about $425 million - $435 million. Consensus - $360.07 million.

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Allied Motion Technologies Inc. (AMOT)

Q2 net income was $4.45 million or $0.47 per share versus $4.23 million or $0.45 per share last year. Consensus - $0.47 per share.

Revenue increased to $92.6 million from $79.9 million last year.

Dick Warzala, Chairman and CEO, said, "We achieved yet another record level of orders and backlog in the quarter as we continued to have strong order flow in the U.S., partially offset by some general economic softness in Europe. Our strong backlog provides us confidence for the near-term as we continue to focus on the long-term by investing in the development of Allied Motion multi-technology solutions that 'Change the Game' and create value for our customers."

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Arcosa Inc. (ACA)

Q2 net income rose to $31.8 million or $0.65 per share from $22.6 million or $0.46 per share last year.

Adjusted net income was $32.0 million or $0.65 per share versus $22.6 million or $0.46 per share last year. Consensus - $0.47 per share.

Revenues increased 23% to $434.1 million from $353.0 million last year. Consensus - $429.22 million.

FY19 Outlook

Raises 2019 adj. EBITDA guidance to a range of $230 million - $240 million from its prior view of $215 million - $225 million.

Increases FY19 revenue guidance to $1.75 billion - $1.80 billion from prior guidance range of $1.70 billion - $1.80 billion. Consensus - $1.76 billion.

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Fortinet Inc. (FTNT)

Q2 GAAP net income was $72.7 million or $0.42 per share versus $49.3 million or $0.28 per share last year.

Non-GAAP net income was $101.6 million or $0.58 per share versus $71.4 million or $0.41 last year. Consensus - $0.50 per share.

Total revenue was $521.7 million for the quarter, up 18% compared to $441.3 million last year. Consensus - $521.7 million.

Q3 Guidance

Fortinet currently expects Q3 revenue in the range of $525 million - $540 million; Consensus - $524.31 million.

Sees Q3 non-GAAP earnings of $0.55 - $0.57 per share; Consensus - $0.53 per share.

FY19 Outlook

For the fiscal year 2019, Fortinet currently expects:

Revenue in the range of $2.10 billion - $2.12 billion; Consensus - $2.09 billion.

Non-GAAP earnings in the range of $2.23 - $2.26 per share; Consensus - $2.15 per share.

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Inphi Corp. (IPHI)

GAAP net loss for the second quarter of 2019 was $20.6 million or $0.46 per share versus a loss of $28.5 million or $0.65 per share last year.

Non-GAAP net income was $16.6 million or $0.35 per share versus $6.6 million or $0.15 per share last year. Consensus - $0.33 per share.

Revenue in the second quarter of 2019 was $86.3 million versus $69.8 million last year. Consensus - $86.28 million.

Q3 Outlook

Inphi expects Q3 revenue of $88.0 million - $92.0 million; Consensus - $87.22 million.

Expects Q3 GAAP net loss to be in a range of $17.6 million - $23.6 million, or $0.39 - $0.52 per share.

Projects Q3 non-GAAP net income in the range of $15.3 million - $20.1 million, or $0.32 - $0.42 per share; Consensus - $0.34 per share.

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